In 2023, JumpTask launches the burning events of $JMPT, reducing the token Total supply. This will change the tokenomics to significantly improve the balance between the project’s and the public’s token holdings. Additionally, burning is expected to drive the $JMPT value in the coming years.
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JumpTask ecosystem is fuelled by JumpToken ($JMPT). Micro freelancers receive all payments for task completions in $JMPT.
90M tokens will be burned gradually from March 2023 to January 2025.
Quarterly token vesting will be accompanied by burning events, which will help to manage the overall token supply in a predictable and efficient manner.
Buy $JMPT from available DEX and benefit from capital appreciation. Stake $JMPT and collect an average APR of 20% annually.
We are developing a strong $JMPT economy and project fundamentals, implementing adjustments to tokenomics when necessary along the way.
JumpTask had a working utility model from day 1: tokens are bought by partners and used for platform services. Additionally, we are positioning JumpTask as a real value-bringing Web3 project. Hence, we have no more need for growing token reserves.
Currently, the token reserves are 20 times greater than the circulating supply. To cardinally change this, JumpTask will use burning to provide more control to the community and investors. After the first burning event, the proportion of publicly held tokens to reserve will change from 1/20 to 1/1.
A decrease in the total supply by burning >90% of Project token reserves will benefit the community and investors in several ways:
We aim to be transparent about future burning events and their impact on the token’s value. To create a more decentralized and balanced environment, JumpTask will reduce the $JMPT supply gradually until 2025.