JustLiquidity Protocol aims to be a first in creating trading pair liquidity on Uniswap with fixed income for liquidity providers.
If you are new to the world of DeFi – Decentralized Finance, it is essential that you understand how Uniswap works.
Uniswap is an Ethereum based exchange that allows its users to exchange ERC20 tokens quickly, without any middlemen, aka in a decentralized manner. Users contribute to the exchange’s liquidity, and earn fees while doing so. All you need is an Ethereum Wallet to start with.
In a centralised exchange, the exchange always ensures that there are enough tokens available for trading. However, on decentralised exchanges like Uniswap, to provide enough liquidity for quick exchanges, users ensure enough tokens are always available for a trade. This is achieved through via users who are “liquidity providers”, they deposit tokens in the exchange. In return they earn from the fees the exchange charges to users who trade on Uniswap.
Uniswap essentially creates a market independent of buyers and sellers (thanks to the pricing model it employs called the “constant product market maker model”), fixing a price using a mathematical equation. For more details, you can check out Uniswap’s documentation here.
Now that you understand Uniswap, let’s discuss JustLiquidity, which is aiming to make it more lucrative liquidity providers than Uniswap.
What Is JustLiquidity
JustLiquidity, a Liquidity Protocol (template smart contract which defines a standard way to make liquidity pools and corresponding markets that are compatible with each other) integrated with the Uniswap Exchange, aims to reward liquidity providers with ETH.
Further, it also aims to reward JUL token (the token powering the JustLiquidity platform) holders, with their unique finance and liquidity engine. It is more than merely a better way to trade and earn on Uniswap with ETH.
It is also a DeFi that can execute a Liquidity Token Sale with a token (JUL, and possibly other tokens in the future), which will always possess liquidity. JUL has an elastic supply structure, which increases when more liquidity is added and decreases when liquidity is removed from the Protocol.
As a result, with every purchase of the JUL token on Uniswap, the price of JUL will gradually appreciate to the “target price.” This will ensure a stable, steady, and predictable Return on Investment for the JustLiquidity users and JUL token holders.
Becoming a Liquidity Provider
Usually, other liquidity providers would have to deposit both ETH tokens and the corresponding trading pair tokens in a fixed ratio. As a reward, they get to earn a small percentage of the trading fees as commission.
On the other hand, JustLiquidty liquidity providers need to only deposit ETH, the corresponding JUL will be deposited by the platform contract. Locking ETH can earn upto 0.2% interest on a daily basis.
The process of using the JustLiquidity DeFi Protocol is simple to use and will enable you to withdraw or remove your liquidity in a decentralized manner.
JustLiquidity’s promised 0.2% interest rates come straight out of the Uniswap Liquidity fee. However, if the liquidity fee is not adequate for interest payments, JustLiquidity sells its trading pair, to cover the payouts. Because of this, any increase in liquidity will result in higher payouts, higher trades, higher liquidity fees, and, most importantly, higher token value, which is ultimately shared with the end-users of the platform.
JustLiquidity is conducting a token presale.
The total supply is locked at 1,000,000 JUL. The presale prices are as follows:
Day 1: 1 ETH = 35 JUL
Day 2: 1 ETH = 34 JUL
Day 3: 1 ETH = 33 JUL
Day 4: 1 EHT = 32 JUL
Day 5–7: 1 ETH = 31 JUL
Token Start Price: 1 ETH = 30 JUL
PreSale: 50,000 JUL (5%)
Based on the results of the PreSale, JustLiquidity will start with almost a million dollars worth of liquidity, as a buy option in Uniswap. The rest of the proceeds from the presale is promised to be used for audits and marketing purposes. In order to protect the price of the JUL, a total of 10% and 5% will be locked as Marketing tokens and Team Tokens. This is further broken down as follows:
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
The rest of the JUL tokens are allocated as follows
ETH Trading Pairs – 45%
Future Trading Pairs – 20%
Liquidity Reserve – 15%
The voting process for the future trading pairs and the Liquidity reserve will begin only when 4.5% of the total supply is available in the JustLiquidity contract.
Team And Other Projects:
This project is led by Tobias Graf, CEO of JustLiquidity, who has more than 10 years of experience working as a CEO. He has experience working with Wirtschaftskanzlei Mittelschwaben GmbH (Insurance Broker), TGG Holding GmbH (Holding Company), and the project KYC.Crypto (Decentralized KYC Sharing Portal).Wirtschaftskanzlei Mittelschwaben GmbH (Insurance Broker), TGG Holding GmbH (Holding Company), and the project KYC.Crypto (Decentralized KYC Sharing Portal).
Here’s the CEO explaining the protocol:
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