JAFO ups the ante with the launch of Token; Benefits Excite Community
Trading can be confusing and time consuming. With JAFO, you won’t have to worry about that either. JAFO is a club reward token designed to create effortless, lower-risk returns. It is a trading club token used to track holders. Holders benefit by holding the token and getting monthly rewards of any trading profit from an established trading platform, no staking is required. JAFO is less risky because the TRX of its purchase is never used in the trade and is frozen in a transparent wallet that anyone can see and follow.
Holder funds are not traded and are only used to freeze and redeem cash for out-of-project trades if a holder chooses to do so. The price per token is 10 TRX for 1 JAFO. However, all returned JAFOs will incur a nominal fee. With a return rate of 8 TRX for 1 JAFO, a fee of 2 TRX will be levied, and this fee will be added to the trading platform for the benefit of current holders with a larger trading allowance. Any returned JAFO will be burned and removed from circulation, making it a deflationary token. The maximum token supply is 50 million, it is only released with purchases. There are no giveaways or free drops, thus giving each token the value it deserves.
Stake rewards from the frozen amount will also be used to fund the trading account for growth. JAFO is not a trading robot and will use different strategies, some of which are mentioned below, to create a positive gain in the trading markets. JAFO’s founder said he was shaped by the need to be transparent and truthful. With some projects promising the moon. Promising unattainable returns while keeping trades or dealings completely hidden. Exit without return on investment or means of return. These are just a few examples of what JAFO aims to solve. Part of how they accomplish this is by posting the address of the wallet containing the liquidity and a monthly spreadsheet of all trades made will be displayed, gains and losses which are updated daily and weekly with current results . Their Telegram channel also offers weekly updates and you can chat with the project as well.
The inception of the fund was a TD Ameritrade/Charles Schwab account. The starting amount was $10,000 with the goal of growing this small account into something much bigger, but with realistic expectations. The token is not in exchange and there are currently no plans to do so. Maintaining JAFO holders in a more exclusive club environment. There will be a variety of trades that will occur for JAFO holders. They commonly use Option Scalping and a wheel strategy. The Wheel strategy is a systematic way to sell cash-backed put options and covered call options within a long-term trading methodology. Essentially, you continue to sell options on the stocks you are bullish on, to generate monthly income. Basically, you repeatedly sell Cash Secured Put (CSP) options to collect the option premium. These aren’t the only strategies they use, but they tend to be the ones they focus on. It’s all about limiting risk and getting a good steady passive gain. Some of the trading styles also include normal stock purchases, naked call or put options, and some dividend-paying stocks.
The fund rewards TRON USDT holders monthly in case of a positive gain. If the fund has no earnings, there will be no rewards to share with club members. The breakdown is as follows. • 25% of winnings to pay taxes
• 40% earnings for holders based on token percentage held of circulating supply
• 25% of earnings to grow the portfolio for greater future earnings
• 10% of earnings to charity/donations o First donations will be used to repay an investment outflow to CITYUPTAKE holders in TRX
▪ 100% lost refund may not be achievable until moving on to the next charity. o Once this is complete, 10% will go to the TuruAngels charity. JAFO’s goals are to have steady growth while providing the details of it on a fantastic blockchain. They believe that Tron is the chain of the future with its reliability, speed and secure development. The founder of JAFO has been part of TRON since its launch and is excited to have a token on TRON and be part of the second hackathon.