It’s requested to read this legal disclaimer section carefully .Nothing in this White Paper is offer to buy or Invest, and Nothing in this White Paper should be treated or read as a guarantee or promise. In This White Paper current plans, which can change as per market conditions .Trading in cryptocurrencies are subject to market, technical and legal risks. JaiHo Team makes no promises and is not responsible for any losses or errors use at your own risk.
The world is observing digital growth, fuelling the growth of digital assets such as cryptocurrency. And JaiHo is one of the few cryptocurrencies which isn’t just a crypto token. It is based on a revenue-generating model. You must have heard about a company’s stock skyrocketing on the stock market every once in a while. But you fail to notice that every such high indicates a growing revenue for the company, which enables it to dish out regular returns to its shareholders.
When we talk about cryptocurrency, there are many market projects with no product utilization or essentially a use case. Most of these projects are simply tokens that could have been created by anyone. The irony is that you can find such useless projects in abundance nowadays. This is because creating a crypto today has become as simple as creating a Facebook account; you can do it in just a few clicks. This is why today, the crypto market is filled with scam projects which are hyped up at the beginning only to phase out after the initial hype dies down.
The dramatic shift during COVID-19During COVID-19, many people lost their regular source of earning. Around this time, the crypto market observed a rally as many investors started to invest in crypto for the first time. While this was good news for the market, it also opened the door for new market projects with no use case. This led to scams. And many YouTubers and influencers played a big role in promoting these projects as they started paid promotion of these cryptos without doing any research. This meant that people who invested in these projects remained invested in the hopes that the good old days of these cryptos would come back. But since these projects didn’t have any funding or monetary value or any use case, it was difficult to liquidate these tokens.
What is liquidity?
To understand liquidity, the best example is probably your bank account. Suppose your bank account is showing $1,000,000. Will you get this amount if the bank doesn’t have the money to pay you that big of an amount? The same thing happens to crypto. Projects cannot liquidate if they don’t have demand since no one is ready to pay for them. This is one thing that nobody tells you as an investor. This is why many people purchase these tokens and keep them in their wallets, hoping they will go up one day. But since its demand never increases, no one can supply enough money to liquidate the token in your wallet.Of course, when Satoshi Nakamoto invented bitcoin, his sole intention was to eradicate middlemen and make sure that no bank or third party could execute control over this new currency. However, when you look at most projects present in today’s market, with the exception of a few, you will observe that every project is controlled by its owner in one way or another. Most of the coins minted in these crypto projects are held off by the token team, which is then transferred to different exchanges and sold by them. According to us, this is not what decentralization should mean.
JaiHo is India’s 1st 100% Decentralized Blockchain-Based project Using Polygon For Web3 To DTC. The main reason behind starting JaiHo is to give people a kind of project whose control lies with the community and one in which people can put their trust. There are many things that make JaiHo vastly different from other crypto-currency projects in the market.JaiHo was first planned to launch on 15th August 2021, but the market was flooded with many projects at that time. This left most people bewildered as they were circumspect about which projects were authentic and which were scams. Of course, every project made some big promises; some said they would increase value by 1Rs, and some said it would increase by $1. But nobody was telling the revenue model of their company, which is why 99% of these projects are already extinct. When we looked at the state of the market, we decided to create some awareness. This is why we worked for 3 months from Aug 2021 to Nov 2021 to create a community and noticed how many people still thought about crypto as gambling or a get-rich-quick scheme. They thought they could make money overnight by investing in crypto, a thought far away from reality. This is why we decided to launch our project with a tagline “NO PROMISE” to make it clear that we are not here to make promises like other projects; we are only here to focus on the work.
Despite all the challenges, we successfully launched JaiHo on 12th November 2021. Then we diverted our main focus to use cases, adoption, and crypto education. We started a weekly AMA every Sunday with the community so that people could understand how supply & demand work and how any business cannot run long without a viable revenue model. We thought if the stock market can have physical products, why can’t crypto have the same? After all, stocks also tell about the company's value and the business's quality. If the business is generating good revenue, it is termed as an ideal business to invest in. However, this was not the case with crypto, as there was no transparency. So, we decided to start with physical products and create a token based on a revenue model with actual use cases.
JaiHo token has been launched on the Binance smart chain with a 500 million supply as of 2021. JaiHo has been made like a Deflationary token. Every time someone buys, sells or transfers JaiHo tokens, a 9% tax will be charged. Out of this, 2% will be automatically distributed to token holders (ensuring that their tokens keep increasing from time to time), and 4% of tokens will be sent to a contact address where they will be dead. 1% token is burned automatically. The remaining 2% supply will be sent to a wallet that burns these tokens. This means that 7% is burned on every buy, sell or transfer, thus reducing the overall supply of the token in the market in the coming year. In less than 15 months, only 300 million of JaiHo’s initial supply of 500 million is remaining!On the one hand, this burning mechanism reduces the supply. On the other, every revenue that comes from use cases is also used by our team to buy back some of our tokens from the market every three months and burn it down. This means supply gets reduced over time, and demand increases automatically. To increase the demand, our team is also focusing on use cases so that in the future, the native coin of the JaiHo blockchain will be used as a fee. Our team doesn’t hold or hide even 1% of the overall supply, as 100% of the JaiHo tokens reside with our community. Even if someone from our team needs a JaiHo token, they will need to buy it back from the market. And you don’t have to take our word for it! If you don’t believe us, just ask our community directly, which consists of people like you and me. So don’t waste time! Join the JaiHo community and ask all the questions haunting your mind.
In addition to business growth, the JaiHo team is also focused on community growth and donation. If you have any useless products in your house that you no longer use, you can donate your unwanted stuff through the JaiHo app and earn JaiHo tokens as a reward. Every JaiHo token earned as a reward will go directly to the wallet of the token holder. JaiHo is actively looking to work with more NGOs to ensure that our platform can reach the maximum number of people possible.
