Jade City Launches MVP as Platform Prepares to Democratize $50 Billion Jade Market

Jade
City,
which
is
pioneering
the
tokenization
of
jade
gemstones,
today
announced
the
MVP
launch
of
its
platform,
which
will
allow
users
to
earn,
trade
and
speculate
in
tokenized
Jade.

Jade
City
is
a
blockchain
powered
platform
which
will
be
issuing
jade-backed
bonds
that
will
pay
out
a
high
yield
in tokenized
physical
jade
– up
to
24%/year.
Profits
generated
will
be
channeled
back
to
$JCT
token
holders
through
a
“buy
and
burn”
mechanism. The
tokenized
jade
earned,
can
then
either
be
sold
or
used
to
play
for
the
chance
to
win
valuable
jade
stones
from
the
platform’s
gamified
Jade
Loot
Boxes.

Jade
City
is
being
built
as
an
EVM
compatible
dApp.
The
development
of
the
Jade
City
platform
itself
has
been
led
by
CTO
David
Atkinson,
who
joined
the
company
last
November.
Atkinson,
who
co-founded
Holochain,
Holo,
Rain,
and
Gild
Labs,
is
a
brilliant
technology
innovator
who
specializes
in
developing
and
building
complex
crypto-economy
and
ecosystems,
has
designed
over
60
currencies,
and
has
advised
numerous
startups
on
tokenomics
and
transparent
technology
solutions. 

William
Ralston-Saul,
CEO
of
Jade
City,
said “The
team
has
been
very
focused
on
building
the
Jade
City
platform
and
launching
the
Jade
City
Token
($JCT).
In
ten
months,
Jade
City
has
been
taken
from
a
broad
concept
to
a
functioning
platform
and
the
MVP
is
now
live.
We
are
now
inviting
users
to
use
the
Jade
City
platform
testnet,
which
is
key
as
it
will
allow
users
to
familiarize
themselves
with
the
platform
before
using
any
real
funds.
It
will
also
allow
the
team
to
monitor
how
the
platform
performs,
locate
bugs
and
make
improvements.” 

The
Jade
City
team
has
partnered
with
the
owners
of
the
world’s
largest
jade
mine
to
secure
one
of
the
most
substantial
jade
inventories
in
the
world,
and
over
the
last
two
years
has
funded
the
mine
to
start
production.
Jade
City
has
been
given
the
right
to
access
millions
of
kilograms
of
this
new
ethically
sourced
jade
that
is
ready
to
ship
and
sell. 

The
MVP
launch
comes
just
weeks
after
the
first
shipment
of
jade
from
its
mine
partner
to
its
storage
facility
in
the
Guangdong
province
of
China,
a
province
famous
for
its
jade
manufacturing,
and
home
to
several
of
China’s
largest
jade
trading
centers.
Shipping
the
jade
from
the
mine
to
market
is
a
key
step
for
the
Jade
City
platform
to
start
generating
profits
from
jade
sales. 

The
Jade
City
platform
has
been
designed
by
leading
blockchain
experts
to
generate
sustainable
value
for
token
holders
over
an
extended
period
of
years.
Currently,
the
estimated
value
of
the
jade
market
in
China
is
$50
billion
per
year,
a
tenfold
increase
since
the
turn
of
the
century
that
surpasses
even
the
size
of
the
diamond
market.
However,
for
much
of
its
history,
the
lucrative
jade
value
chain
has
been
accessible
to
few,
plagued
by
black
market
activity,
poor
mining
practices
and
political
issues.
Jade
City
is
in
a
unique
position
to
democratize
global
access
to
the
jade
value
chain,
utilizing
the
blockchain
to
provide
accessibility,
transparency
and
trust
to
one
of
the
world’s
largest
gemstone
trades.

To
learn
more,
please
visit
https://www.jadecity.io.

About
Jade
City

Jade
City
is
a
blockchain-powered
RWA
platform
specifically
designed
to
democratize
the
jade
value
chain
through
DeFi
and
tokenization,
allowing
users
to
earn,
trade
and
speculate
in
tokenized
jade.
Jade
City’s
economy
will
be
funded
through
issuing
jade-backed
bonds
in
return
for
$USD.
Bond
holders
will
earn
tokenized
jade
at
high
interest
rates
of
up
to
24%
each
year.
The
tokenized
jade
earned
can
then
either
be
sold
or
used
to
play
for
the
chance
to
win
valuable
jade
stones
from
gamified
Jade
Loot
Boxes.
Jade
City
is
co-founded
by
the
owners
of
the
world’s
largest
jade
reserve.
For
more
information,
please
visit
https://www.jadecity.io.

Media
contact:  [email protected]

Disclaimer: The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
&
securities.