1. Launched in 2024, JAFcoin is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. JAFcoin works to disrupt the conventional financial system via a more modern approach to money. JAFcoin has made headway by giving customers the ability to transact with traditional currencies across a blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), JAFcoin has democratised cross-border transactions across a blockchain.
2. JAFcoin token exists only in the BINANCE network. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of JAFcoin Tokens. Every JAFcoin token is 100% backed by Reserves, which includes traditional currency, cash equivalents, and other assets, including receivables from loans made by JAFcoin to third parties.
3. JAFcoin was originally created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of tokenised traditional currency. JAFcoin on the BINANCE blockchain, as an BEP20 token, is a newer transport layer, which now makes JAFcoin Tokens available in BINANCE smart contracts or decentralized applications on BINANCE. As a standard BEP20 token it can also be sent to any BINANCE address.
JAFcoin Tokens enable businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated JAFcoin Tokens.
JAFcoin tokens offer exceptional liquidity on tier one exchanges giving traders the ability to take advantage of arbitrage opportunities in the fastest time possible.
For merchants, integrating JAFcoin tokens opens up an array of opportunities for consumers to purchase products and services.
JAFcoin tokens play a pivotal role in the digital token ecosystem and are the most actively traded in terms of 24-hour volume.