Welcome to JEM ๐Ÿ’Ž Mountain

Konnichiwa gamers ๐Ÿ•น๏ธ! In this post weโ€™ll be releasing key information about Liquidity Mining Program I (LMPI), which includes: distribution amounts, dates, pairs and target APYs. Happy mining โš’๏ธ๏ธ!

Welcome JEM ๐Ÿ’Ž Mountain gamers ๐Ÿ•น๏ธ!

Come travel to $JEM ๐Ÿ’Ž Mountain on Sunday November 8th at 12pm EST. $JEM Mountain is Itchiroโ€™s mining location ๐Ÿ˜‰. Our mining pools will be made available for $JEM ๐Ÿ’Ž holders looking to provide liquidity on the JEM/ETH V2 pool on Uniswap. You can find the JEM/ETH liquidity pool here:

https://info.uniswap.org/pair/0xa27bb6a407b8cad886c7b9b8fbca097e1029648f

For the upcoming mining program, youโ€™ll need to purchase $JEM ๐Ÿ’Ž tokens. If you havenโ€™t bought them yet, you can purchase them in the link below:

Our team will provide a step by step tutorial on how to add liquidity to the JEM/ETH LP pool and deposit the LP tokens into our mining interface.

Letโ€™s get started ๐Ÿ‘ท!

โš’๏ธ Distribution Summary

Hereโ€™s a quick recap before we begin. For a full economics breakdown check out our intro post.

  • Total Supply of $JEM ๐Ÿ’Ž: 30,000
  • Allocation for Liquidity Mining I, II and III: 10,500 $JEM ๐Ÿ’Ž (35% of supply)
  • Allocation for LMPI: 3,500 (~11.67% of supply)

Liquidity Mining Program I (LMPI)

Our first liquidity mining program (LMPI) is one of three programs. Each program will distribute 3,500 $JEM ๐Ÿ’Ž. The lifespan of each program is roughy one year (or when the mine runs out of tokens). Through this method, we can expect the following distribution from November 2020 till November 2023:

  • LMPI โ€” 2020/2021: 3,500 $JEM ๐Ÿ’Ž
  • LMPII โ€” 2021/2022: 3,500 $JEM ๐Ÿ’Ž
  • LMPIII โ€” 2022/223: 3,500 $JEM ๐Ÿ’Ž

Weโ€™ve designed the distribution of $JEM ๐Ÿ’Ž in such way where LP mining is not a a high risk, high rewarding investment โ€” but a tool for community members to support Itchiroโ€™s game ecosystem, while their $JEM ๐Ÿ’Ž appreciates over time.

The best part is, we designed our economics so that the rate at which our token is appreciating (through cashflow) is always higher than the rate at which tokens are being distributed at any point in time.

Our whole motto is to build long-term value, with long-term community members.

๐Ÿ’Ž JEM Mountain

Liquidity Mining Program I (LMPI) is set to start this upcoming Sunday! Hereโ€™s breakdown of everything you need to know to prepare yourself for $JEM ๐Ÿ’Ž mining:

Who?

$JEM ๐Ÿ’Ž holders.

What?

3,500 $JEM ๐Ÿ’Ž tokens will be distributed throughout a year to $JEM ๐Ÿ’Ž holders who provide liquidity on the JEM/ETH V2 pool on Uniswap.

When?

  • Start Date and Time: Sunday November 8th, 2020 at 12pm EST
  • End Date and Time: November 8th, 2021 at 12pm EST (or when the mining contract runs out of tokens).

Where?

How?

Liquidity Mining Program I (LMPI) is split into phases: 1) $JEM ๐Ÿ’Ž Ore Mining and 2) $JEM ๐Ÿ’Ž River Panning.

$JEM ๐Ÿ’Ž Ore Mining
Target APY: ~3,000
Amount: 125 $JEM ๐Ÿ’Ž
Distribution Period: 72 hours
Start: November 8th, 2020 at 12pm EST
End: November 11th, 2020 at 12pm EST.

$JEM ๐Ÿ’Ž River Panning
Target APY: ~20%-70%
Amount: 3,375 $JEM ๐Ÿ’Ž
Distribution Period: 362 days
Start: November 11th, 2020 at 12pm EST
End: November 9th, 2021 at 12pm EST

๐Ÿ’ฑPairs

We believe in mining with friends. Weโ€™re currently working on a number of partnerships that allow $JEM ๐Ÿ’Ž holders to use their tokens in other liquidity pools. These will be announced on an ongoing basis. In the meantime, hereโ€™s our initial LP mining pairs for Itchiro Games:

Initial Pair

  • $JEM / ETH

Upcoming Pairs

  • $JEM / $ENOKI

๐Ÿ”’ Liquidity Locking

All JEM/ETH LP V2 token transfers into our mining contract will be locked for 30 days.

This has been designed to prevent large ETH and $JEM ๐Ÿ’Ž holders from taking advantage of the higher APYs at the start, which can then motivate them to oversell (dump) $JEM ๐Ÿ’Ž tokens and destabilize price appreciation.

Weโ€™ve also set ourselves to develop a novel mechanism that will be made public towards the end of November, where $JEM ๐Ÿ’Ž holders can choose between 30, 60, 90 and 120 day lockups periods and receive a multiple on their APY.

๐Ÿ’ฌ Social Media

Below are some important links to keep you updated with everything we announce.

We are also looking for community and marketing managers to join the team, please ping @defimario on Telegram if this is you or have a candidate in mind.

DeFi Protocol for blockchain games. 100% community owned. ๐ŸŽฎ