Solana Ecosystem

AscendEX

Jet Protocol is an open source, non-custodial, borrowing and lending protocol on the Solana blockchain. The Jet Protocol allows users to deposit supported tokens to receive interests back to incentivize participation. The deposits exists in a pool that serves to users looking to take out a loan in supported tokens. A Jet user can borrow against over-collateralized debt positions and may incur debt up to governance mandated debt ratios.JET Token is a utility token having SPL standard (Solana blockchain) which provides the two following primary use cases:<ul><li>Governance voting rights to change and upgrade Jet Protocol;</li><li>Tiered usage benefits of Jet Protocol earned by locking up JET.</li></ul>

Upcoming auctions details

Introduction and token distribution

Discretionary fund

Ecosystem Fund

Follow-on Round

Team & Advisors

Liquidity

Public Sale (IEO)

Seed Round

There will be 900 winners of 4,000 JET in the “Standard” auction, and 100 winners of 4,000 JET in the "Uncapped" Auction. Both auctions will be conducted simultaneously.AscendEX users with&nbsp;trailing 5-day average ASD holdings ≥ 10,000 ASD&nbsp;or&nbsp;trailing 30-day trade volume ≥ 30,000 USDT&nbsp;will be eligible for participation in Standard Auction. Standard Auction allows participants to bid for the chance to win a tranche of 4,000 JET. 900 participants will be selected to win the auction with a total allocation of 3,600,000 JET.There are no ASD holdings or trade volume requirements for users to participate in the&nbsp;Uncapped Auction. Uncapped Auction allows participants to bid for the chance to win a tranche of 4,000 JET. 100 participants will win the uncapped auction with a total auction allocation of 400,000 JET.

Jet Protocol

Jet Protocol is a decentralized and permissionless borrowing and lending protocol built on the Solana blockchain.

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