JUST LIQUIDITY PROTOCOL ON THE BINANCE SMART: What’s your opinion?

JulSwap
3 min readSep 19, 2020

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Hello Community,

As you might know, we plan to launch our JustLiquidity Protocol on the Binance SmartChain as well. This would allow users to make use of the JustLiquidity Protocol with the cheap fees of Binance Smart Chain.

To make this happen, we would need to change our Token Allocation (while keeping total supply and circulation supply the same). We think it’s important to ask you as our token holders and community if this change in the token allocation would be appreciated or not.

With this splitting in the token allocation, we make cheaper fees a possibility and also open up the token to more market eyes and hence possibilities.

Our Token Allocation right now:

5% Token Sale (already in circulation)

5% Team Tokens locked until we reach the pre-decided locked liquidity values (5% ETH Chain)

10% Marketing Tokens locked until we reach the pre-decided locked liquidity values (10% ETH Chain)

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We like to change:

45% JUL Tokens locked into the Trading Pair ETH / JUL

20% for future trading pairs which is locked until the community votes for its release

15% for liquidity reserve for trading pairs

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Our Team and Marketing Token release right now:

➔ 6,000 ETH JustLiquidity Locked Value — 1.5% Team & 2.5% Marketing Token release

➔ 15,000 ETH JustLiquidity Locked Value — 1.5% Team & 2.5% Marketing Token release

➔ 30,000 ETH JustLiquidity Locked Value — 1.0% Team & 2.5% Marketing Token release

➔ 45,000 ETH JustLiquidity Locked Value — 1.0% Team & 2.5% Marketing Token release

Our Token allocation if we do integrate our Liquidity Protocol into the Binance SmartChain with JUL as Token:

5% Token Sale (already in circulation)

5% Team Tokens (2.5% on ETH Chain and 2.5% on Binance Smart Chain)

10% Marketing Tokens (5% on ETH Chain and 5% on Binance Smart Chain)

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We like to change into:

40% JUL Tokens locked into the Trading Pair ETH / JUL

40% JUL Tokens locked into the Trading Pair BNB / JUL

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Our Team and Marketing Token Split should we integrate our Liquidity Protocol into the Binance Smart Chain with JUL as Token:

JUL Team & Marketing Token Release ETH Chain

➔ 6,000 ETH JustLiquidity Locked Value — 0.75% Team & 1.25% Marketing Token release

➔ 15,000 ETH JustLiquidity Locked Value — 0.75% Team & 1.25% Marketing Token release

➔ 30,000 ETH JustLiquidity Locked Value — 0.5% Team & 1.25% Marketing Token release

➔ 45,000 ETH JustLiquidity Locked Value — 0.5% Team & 1.25% Marketing Token release

JUL Team & Marketing Token Release Binance Smart Chain

➔ 80,000 BNB JustLiquidity Locked Value — 0.75% Team & 1.25% Marketing Token release

➔ 200,000 BNB JustLiquidity Locked Value — 0.75% Team & 1.25% Marketing Token release

➔ 400,000 BNB JustLiquidity Locked Value — 0.5% Team & 1.25% Marketing Token release

➔ 600,000 BNB JustLiquidity Locked Value — 0.5% Team & 1.25% Marketing Token release

How is it possible to use the JUL Token on two different Blockchains?

We have developed our own decentralized Token Bridge which works a little like this. Consider the following:

You own some JUL ERC20 token. You deposit this JUL ERC20 token into the Smart Contract address (provided by us) on the Ethereum Blockchain. At this point your JUL tokens are locked, and you find JULb tokens in your Sender Wallet. JULb token is basically JUL on the Binance Smart Chain. This token is minted every time a JUL ERC20 token is locked. Now if you want to exchange the same, just deposit the JULb token into the Smart Contract provided by us. This burns the JULb token and you get your JUL tokens back in your sender wallet.

All in all, it changes nothing on the concept or on the Total/Circulation supply, we just implement an additional option to increase our JUL Audience and to provide a Lower Fee Opportunity.

Please join our Telegram Group and let us know your Opinion: https://t.me/justliquidity

Links:

Uniswap https://bit.ly/336PbTk

Coingecko: https://coingecko.com

Presentation: https://docdro.id/icn6vsg

CMC: https://bit.ly/3byW4Ri

Web: https://justliquidity.org

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