Stable Jack
  • Introduction to Stable Jack
    • Introduction to Stable Jack
    • Why Do the Markets Need Stable Jack?
    • The Mechanism Behind Stable Jack
      • Technical Explanation of the Mechanism
  • Stable Jack v2
    • Why We're Building Stable Jack v2
    • Introduction to Yield Token (YT)
    • Introduction to Volatility Token (VT)
    • Introduction to Points Token (PT)
    • New Features Coming with the v2
    • Competitor Analysis
    • What Use Cases does Stable Jack offer?
    • How Stable Jack Creates New Demand: The BENQI Case Study
    • Risk Management
    • Additional Information
  • Audits
  • Stable Jack v1
    • Stable Jack v1
      • System Stability
      • Risk Management
        • Level 1 - Stability Mode Mint/Redeem Controls
        • Level 2 - Rebalance Pool
        • Counter-Party Risk Management
      • Calculations
      • FAQ
        • The Difference Between aUSD and UST
      • Contract Adresses
  • $JACK Tokenomics
    • The Death of Airdrops: Discount Tickets as a New Paradigm
      • The Solution: Discount Tickets
      • The Case for Discount Tickets
      • Comparison: Discount Tickets vs Airdrops?
    • $JACK Token
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  1. $JACK Tokenomics
  2. The Death of Airdrops: Discount Tickets as a New Paradigm

The Solution: Discount Tickets

It’s time for retail to invest in a protocol like VCs do.

We have a solution to the disappointing low float and high FDV airdrops, and it is called Discount Tickets.

A Discount Ticket is the right to buy the governance tokens at a discount compared to their market price. This right is given to those who contributed to the protocol financially. This allows you to buy the token at a profit and you can either cash out or drive your gains more.

To be eligible for this right, the protocol expects certain actions to be taken by the user, including:

  • Liquidity provision

  • Product usage

  • Referral

  • and many more which can be tailored based on the project’s needs.

Some features of Discount Tickets models include:

  • The deadline for the campaign is pre-determined.

  • The total amount that is allocated as rewards is pre-determined.

  • An individual allocation will be determined by the percentage of one’s Discount Tickets compared to total Discount Tickets, while the discount will be determined according to one’s tier. A user’s tier will depend on the total amount of Discount Tickets the user has collected.

TL;DR for how Discount Tickets Work:

  • Do some actions that the protocol asks you to do.

  • Collect points and claim your Discount Tickets.

  • Use these Discount Tickets to buy the governance token at a discount.

  • You can hold it, or you can sell it. Either way, you are in profit.

  • You win, the protocol wins.

We believe that the loyal community members will be happy to bear the cost of the discount and receive an outsized reward since this will prevent sybils and mercenary capital from extracting value from the loyal community members.

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