Jade City, a platform focused on tokenizing jade gemstones, has launched “Flappy Jade,” a new mini-app game on Telegram, offering players the opportunity to earn JCT tokens and tokenized physical jade gemstones through gameplay.
“Flappy Jade,” is a Telegram-based mini-game inspired by “Flappy Bird,” designed to engage users and build community interest.
In “Flappy Jade,” players control a dragon, navigating it through obstacles to collect jade gemstones.
The game, which has been in development for several months with community input from a test group, features leaderboards, rewards, and an incentive system for top-performing players.
High-scoring players will be rewarded with JCT, the upcoming native utility token for Jade City, and tokenized physical jade gemstones, which will grant access to future gemstone loot boxes within the platform.
The game's integration within Telegram enables users to jump into the game without downloading additional apps, said Jade City CEO William Ralston-Saul, “With the launch of Flappy Jade, our goal is to create a fun, engaging gaming experience with real-world rewards on the line.”
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Jade City’s platform, built as an EVM-compatible dApp, is led by CTO David Atkinson, who has extensive experience in crypto-economics and ecosystem design.
The platform’s unique approach aims to offer jade-backed bonds that yield up to 24% annually in tokenized physical jade.
These bonds will be paid out in real jade, with the platform using a “buy and burn” mechanism of generated profit to benefit JCT token holders.
The company has partnered with the owners of the world’s largest jade mine to secure a significant supply, positioning Jade City to “democratize global access to the jade value chain.”
Jade City intends to use blockchain technology to enhance transparency and accessibility within the gemstone trade, allowing users to earn, trade, and speculate with tokenized jade.
The platform will be funded by issuing jade-backed bonds in return for USD.
While the press release highlights potential for high yield for bond holders, it is important to note that the value of these assets is not guaranteed.
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