JustLiquidity is a pretty impressive project with a very professional team. They are constantly bringing innovation to the De-Fi and decentralized exchange (DEX) scene.
Introduction
JustLiquidity started as an Ethereum Project back in September 2020, followed by the launch of JulSwap on Binance Smart Chain (BSC) a few weeks later. This protocol has set its standards high, aiming to become the UniSwap of the now BNB Chain.
AMM Swap and Dex
JulSwap is an Automated Market Maker (AMM) Decentralized Exchange (DEX), just like UniSwap on the Ethereum Network. It is user-friendly where users select which tokens they wish to swap to and then approve and confirm the transaction from their wallet.
In short, these models allow for seamless and permissionless token swaps. This way, you pay the current price set by the Automated Market Maker; this might not be ideal, but sitting for hours staring at your screen hoping that the price reaches your desired price can be very dull and frustrating. Users also don’t need to worry about centralized exchange weaknesses such as high fees and know your customer (KYC) policies.
Going even further, JustLiquidy has its own DEX, which contains a decentralized order book. On JulSwap’s DEX, you can set limit orders, meaning you can select your desired buy or sell price and sit back and relax as the system will execute your order once the expected price is reached. The TradingView charts and order book gives it a professional feel, just like on a centralized exchange like Binance.
For those who wish for in-depth articles on Automated Market Making and Decentralized exchanges, refer to the following articles:
Liquidity Incentives
There are many pairs for which you can provide Liquidity using JustLiquidity’s AMM/DEX.
Once provided, you can stake the LP token to earn $JULB and $JULD tokens. These tokens have been allocated to users who initially adopt the protocol and provide it with the necessary liquidity pairs. The roi (return of investment) ranges from 0.02% up to 0.18% per day, which would be over $500- per month on a $1000- investment; these staking pools are to be taken seriously.
JulSwap currently has over 100 staking pairs available. The following is a selection of available pairs for staking:
BNB/JULB
JULB/JULD
JULB
JULB/BUSD
BNB/BUSD
BNB/VOXB
BNB/OBRB
JULB/BNB
JULB/BUSD
JULB/BTCB
BHC/BNB
TWT/BNB
VIDT/BNB
BTCB/BNB
XVS/BNB
DOT/BNB
UNI/BNB
JULD/BNB
BNB/SWGB
JULB/ETHB
BNB/ETHB
BUSD/ETHB
JULD
SBS/JULB
JULD/BUSD
USDT/BUSD
YVS/BNB
BNB/BIFI
XCUR/BNB
JulSwap Governance
The JULD token is the governance token for the JulSwap Governance Forum. The Governance Forum has seen over 70 proposals since launching in February 2021. The purpose of community governance on JulSwap is to ensure that appropriate structures are in place for managing the site in a controlled and orderly way. The principal benefits of good governance are that team members can remain focused on pushing the project ahead and it increases community engagement.
Team & Partnerships
The team consists of 6 members, and each of them is highly qualified for doing their job:
- Tobias Graf (CEO)
An experienced CEO of 10 years brings, has been leading several companies involved in the financial and IT business. His skills revolve around technology, marketing, and lean operational effectiveness, making him the right man at the helm.
- Rohit Changediya (CTO)
Experienced full-stack developer familiar with a broad range of skills in programming. Offering 6+ years of related experience.
- James Smith (CSO)
James is an exceptionally analytical individual experienced in determining any security issues on the network. They are continually running tests aimed at deciphering system weaknesses and providing suggestions to overcome them.
- Rahul Trivedi (Fullstack Developer)
Tech enthusiast with knowledge of SQL-NoSQL databases, Linux servers, Node, PHP, and Python stacks. He is always learning new technology.
- Rahul Buddhdev (Blockchain Developer)
Bright and experienced full stack developer as well as dApp developer.
- Abdul Wahid Memon (Ph.D., Blockchain Specialist)
Professor, Dr. of Computer Science specialized in Blockchain and Cryptography.
As you can see, this team is not anonymous and brings a lot of experience to the JustLiquidity project.
This has helped to get nice collaborations with several projects and companies, most renowned being Binance. The JustLiquidity ecosystem was granted a part of Binance’s 100 million Dollar Accelerator Fund, making development on BNB Chain much smoother.
Other noteworthy collaborations have been made with:
SafePal – Hard and software-wallet. Look at my review HERE
StayBase – Crypto, Gold and Stocks are at the base of this token
SwirgePay – Decentralized payment platform
VoxFinance – DeFi Project
YVSFinance – Yield farming
NGC Ventures – Investor
Travala – Travel partner
JUL & JULB Tokens
The difference between the $JUL and $JULB token is that one is ERC-20 and the other BEP-20. In other words, the $JUL tokens run on the Ethereum Network, while the $JULB token is minted on BNB Chain.
There is a maximum supply of 1,000,000 tokens, which were minted on the Ethereum Network. When JustLiquidity came over to BNB Chain, they made a smart contract and a bridge UI (user interface), able to transfer ERC-20 tokens to BEP-20. Whenever a $JUL user wants to bring their $JUL over from Ethereum to BSC, they deposit their $JUL tokens into the contract.
Following an exploit in May 2021, JustLiquidity phased out much of the JUL and JULB token utility. All JULB tokens were swapped for JULD tokens at a ratio of 1 JULB : 151.36 JULD. A variety of different LP pools were delisted like JULB/USDT pairs
JULD Token
JULD is the Community Token from JulSwap which allows you to participate in special events on JulSwap. JULD is built to introduce crypto to all people worldwide and to build one of the biggest crypto communities.
The JULD token is a BEP-20 token and was deemed as a community token. The unique feature is that there is the capability to mint more tokens on top of the initial supply of nearly 800,000,000.
What is JulCard
The JulCard gives users the ability to access, own and, control deposited assets on the go. Users can withdraw and deposit to the card whenever and wherever they want. The JulCard has the ability for uses to integrate with Apple Pay, Google Pay, and Samsung Pay all through a debit visa card.
Users are given access to over 60 million merchants worldwide, both online and in-store. The JulCard allows users to pay a monthly subscription with their JulD or use their JulD to increase their debit card limit.
JulWallet and Extension
JustLiquidity makes the users’ crypto experience more streamlined through easier access to different Networks and helping users spend crypto with virtual and physical debit cards. The JulWallet is a customized service, created using a fork of MetaMask.
The JulWallet works on Google Playstore, Android, Apple iOS, and Chrome Extension. The JulWallet integrates with several blockchains and wallet systems:
Fantom Mainnet
BNB Chain Mainnet
Ethereum Mainnet
Matic Mainnet
Huobi Eco Chain Mainnet
Avalanche Mainnet
Tomo Chain Mainnet
BNB Chain Test Network
Rinkeby Test Network
Using the JulWallet brings users numerous in-app advantages. The wallet can integrate with other dApps within browsers as well as gives users the ability to approve payments for dApp related purchases and services, send and receive funds, and monitor their tokens.
The wallet also offers several other usecases:
View token balances
Virtual and Physical Debit Cards
Interact with smart contracts
Make token transactions to other addresses
Cross-Chain Token Bridge
Closing Thoughts
JustLiquidity is a pretty impressive project with a very professional team. They are constantly bringing innovation to the DeFi scene. The Bridge function is an excellent way for Ethereum Users to come over to BNB Chain and experience the fast transactions and low gas fees. JulSwap DEX is robust, letting you set limit orders in a permission-less and decentralized fashion. Overall, the team has continued to display developments, and they don’t show any signs of slowing down in these bull market conditions.
Want to know more? Check out the following resources such as their website and social media:
Source : bsc.news
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