Jetswap Introduces a $1,000,000 Incentive Program for Developing Projects

Jetfuel looks to expand its ecosystem, ensuring that projects tap from its unique offerings to thrive in the DeFi landscape.

Lucrative Incentive Program 

Jetfuel Finance recently announced a new development for developing projects in Decentralized Finance (DeFi). The new million-dollar incentive program is designed to bring top projects to the protocol. 

The group broke the news on 18th July 2021 in a tweet and further went to its Medium page to express delight about its $1,000,000 incentive program for promising projects. 

JetFuel is a leading yield farming, automated market maker (AMM), and lending system on Binance Smart Chain (BSC) and Polygon. The protocol aims at becoming the number one ecosystem on the BSC, and the latest development is massive for the protocol’s expansion. 

‍

The Jetswap Incentive Program: Details and Participation 

Jetswap designed the incentive program to attract the best projects to use its liquidity, technical, and marketing support. The program is exclusive to both established and upcoming projects on the BSC and Polygon network. 

‍

Application Details 

Established projects looking to expand as well as newcomers can take part in the Jetswap incentive program. All that is needed is to fill out the application form with the required details like the project name, project website, project Twitter, Telegram, contact name, etc. 

However, established projects are advised to ensure that a primary source of liquidity on Jetswap BSC or Jetswap Polygon is added. 

‍

Onboarding Process 

Once a project is accepted, it can begin onboarding. Jetfuel will release the onboarding process for accepted projects to thrive on the DeFi market once they know.

Some of the benefits projects stand to gain before deployment include: 

Full security audit through any of its top partners like Hash0x 

Good communication with the Jetfuel talented development team

Several meetings with the Jetfuel marketing team to prepare a successful marketing plan

Tokenomics feedback

A partnership introduction

‍

Payment and Deployment  

When projects are deployed, they are deemed eligible to receive up to $25,000 in WINGS or pWINGS. The WINGS token is the native cryptocurrency of Jetfuel’s Jetswap, and pWINGS represents the token deployed to the Polygon network. In addition to the WINGS incentive, projects will also receive the following upon deployment: 

A high Annual Percent Rate (APR) for project tokens Liquidity Pools (LP) to farm WINGS/pWINGS

Marketing support that includes an Ask me Anything AMA hosted on Jetfuel Telegram platform

A Pilot pool for WINGS/pWINGS holders to earn deployed project tokens over a long period 

Continuous support from Jetfuel

Final Thoughts

Projects like ApeSwap and Wault Finance have done something similar with the ApeSwap  BUIDL and Moon Fuel program, respectively. Judging by the massive success of both projects registered from both incentivized programs, Jetfuel will gain more adoption. Importantly, these programs only show that the BSC network hosts platforms looking to support the growth and development of projects in the DeFi market. 

‍

Jetfuel Finance 

Jetfuel Finance is a yield farming, AMM (Jetswap), lending, and yield aggregator platform built on the BSC and Polygon network. The Jetfuel ecosystem includes vaults that auto compound users’ deposits, farms that give users rewards in $FUEL, staking, which increased $FUEL holdings, a launchpad for projects’ fundraising, and a lending platform known as Fortress. The protocol also plans to establish a Decentralized Exchange (DEX) platform in the future. 

Source : bsc.news