JPC Buy Back and Burn Announcement 20221201

Dear JPEX Users, 

We are pleased to announce that the total proceeds of profits made from transaction fees on the JPEX Crypto Trading platform will be used to repurchase JPC, the native asset of the JPEX ecosystem. 

The total number of repurchased JPCs will be destroyed. The destruction mechanism will commence on December 1, 2022. 

Token burning is the process of permanently removing a cryptocurrency from circulation, thereby reducing the total supply.

JPEX will use proceeds of transaction fees from the opening quarter of the year (January to March) through to the end of the second month of the last quarter (November).

Below is a breakdown of the repurchasing and token-destroying process. 

Date: December 1, 2022, 00:00 UTC.  

Total repurchased JPC approximately: 38,824,455 JPC.

Total used amount (USDT): 150,571.

Destroyed Transaction ID (TXID): 0xbf3ef7dd4454305f2b81689a612fe95730073be309777e3998d674a2c96c2846

The JPC destruction mechanism will effectively enhance the value of the token since the activity triggers one of the major attributes of cryptocurrency which is scarcity. With JPC becoming a deflationary token, renewed interest in the token will be reflected positively in the entire JPEX ecosystem. 

JPEX Operations Department

December 1, 2022. 

JPEX to Enter Web3 with the Launch of a Metaverse Token

Dear JPEX Users,  

Since JPEX’s inception, we have been going beyond the limits of a centralized exchange and continue to create innovative products that will bring consistent passive income to our users. 

The Web3 blockchain technology sector has been forecasted to be worth over $6 trillion and JPEX wants to be a part of companies that help the industry reach such a milestone. With the huge potential of Web 3.0, JPEX will create a new blockchain-based game. This game will serve as the perfect intermediary that integrated the Metaverse and blockchain technology. Through this, JPEX will have a rich ecosystem built on innovative ideas.  

The blockchain-based game is still in the developmental stage. Its development is being overseen by a team of more than thirty (30) talented individuals from Vietnam, the Philippines, and the Metaverse Lab of Australia. These professionals are well-versed in the blockchain, gaming finance (GameFi), and traditional gaming fields. 

JPEX will announce the details of the blockchain-based game in addition to other promotional videos in the coming days. 

To help players enter the Web3 gaming world smoothly, JPEX wants to give them a cryptocurrency they can trust. This is the reason why we will be launching a Metaverse gaming token called JPP

JPP will have a direct relationship with JPC, the novel token of JPEX. Unlike JPC which can be found and traded on JPEX, JPP can only be obtained via JPC Staking. Staking JPC is whereby a portion of JPC tokens are locked up for a given period to contribute to the validation and verification of transactions on a Proof-of-Stake (PoS) network to obtain rewards or earn interest. 

Using JPC as the foundation to open up infinite possibilities, introducing our Metaverse token (JPP) to this emerging sector that will be taking over the world as a pilot program will see a massive breakthrough in blockchain-based games.    

JPEX is glad to be a part of the decentralized finance, Web3, and Metaverse revolution. 

Thank you for your support!

JPEX Team

01-12-2022

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