Jade City Releases White Paper Detailing the New Tokenomics of its Real-World Asset (RWA) Platform for Jade Gemstones

Jade
City,
which
is
pioneering
the
tokenization
of
jade
gemstones,
today
announced
the
release
of
its
white
paper,
which
details
how
the
platform
is
tokenizing
and
democratizing
access
to
the
$50
billion-plus
jade
market
through
the
upcoming
launch
of
the
Jade
City
real-world
asset
(RWA)
tokenization
platform.

The
Jade
City
white
paper
outlines
how
their
unique
platform
will
kick
off
a
new
era
of
RWA
tokenization
when
it
launches
later
in
2024.
The
white
paper
details
a
totally
novel
approach
to
RWA
token
economies
and
how
Jade
City
will
use
its
jade
supply
and
value
chain
to
generate
sustainable
revenue
for
holders
of
its
native
Jade
City
Token
($JCT).

The
project’s
jade-backed
bond
issuance platform
allows
users
to
put
their
stablecoins
to
work
earning
tokenized
physical
jade
at
high
interest
rates.
The
tokenized
jade
can
then
either
be
traded
or
used
to
play
for
the
chance
to
increase
your
yield
by
winning
highly
valuable
jade
stones
from
gamified
jade
loot
boxes. 

Jade
City
generates
profits
through
the
discounted
purchase,
processing,
and
sale
of
jade.
This
value
chain
is
fuelled
by
the
purchase
of
the
jade
backed
bonds
and
Jade
City’s
existing
jade
inventory
worth
several
million
dollars.
Profits
generated
will
be
channeled
back
to
$JCT
token
holders
through
a
“buy
and
burn”
mechanism. The
platform
has
been
designed
by
leading
blockchain
experts
to
be
safe,
secure,
robust
and
transparent.

The
Jade
City
team
has
partnered
with
the
owners
of
the
world’s
largest
jadeite
mine
to
secure
one
of
the
most
substantial
holdings
of
jadeite
in
the
world
and
furthermore
has
sales
channels
established
through
some
of
China’s
largest
jade
distributors. 

More
details
about
the
platform
and
its
tokenomics
can
be
found
in
the
white
paper
available here.

Jade
City
was
founded
by
James
Bowater
and
is
led
by
CEO
William
Ralston-Saul
and
CTO
David
Atkinson.
Ralston-Saul
is
a
seasoned
builder
of
mining
companies
and
a
cryptocurrency
expert
who
founded
InCrypto
Hub
and
runs
blockchain
boot
camps
to
teach
others
about
the
technology
and
its
applications.
In
parallel
to
his
work
with
Jade
City,
William
is
CEO
of
Jade
Vault
Ltd,
an
ethically
sourced
jadeite
offtaker,
which
is
aiming
to
build
and
trade
the
largest
inventory
of
Jadeite
in
the
world.
CTO
Atkinson
is
a
renowned
tech
innovator
and
co-founder
of
Holochain,
Holo,
Rain,
and
Gild
Lab.

William
Ralston-Saul,
CEO
of
Jade
City
said: “Our
white
paper
offers
a
comprehensive
account
of
how
we
will
democratize
access
to
the
$50
billion-plus
jade
market
for
investors
who
have
never
had
access
before.
Jade
is
uniquely
positioned
to
be
a
perfect
example
of
how
real-world
asset
tokenisation
can
revolutionise
an
ancient
market,
making
it
accessible
and
lucrative
for
anybody
who
wishes
to
participate.”

Jade
has
been
a
precious
stone
revered
in
Asia
for
thousands
of
years
and
the
demand
for
jade
has
been
soaring.
Currently,
the
estimated
value
of
the
jade
jewelry
market
in
China
is
approximately
$50
billion,
increasing
tenfold
since
the
turn
of
the
century
and,
in
China,
even
surpassing
the
size
of
the
diamond
market.
However,
for
much
of
its
history,
jadeite
has
been
a
gem
accessible
to
few
and
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
RWA
platform
specifically
designed
to
democratize
the
jade
value
chain
through
DeFi
and
tokenization.
It
opens
up
the
highly
lucrative
$50
billion
Jade
market
to
a
global
community.

Jade
City
is
co-founded
by
the
owners
of
the
world’s
largest
jade
reserve.
Therefore,
the
initial
focus
will
be
monetizing
access
to
this
unique
asset
in
order
to
generate
revenue.
Profits
generated
by
the
platform
will
be
used
to
buy
and
burn
the
token,
channeling
value
directly
back
to
token
holders.

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.