Detroit Pistons top draft pick Cade Cunningham negotiated a deal to take his signing bonus and part of his $46.5 million deal in Bitcoin, according to forbes.com. LA Rams wide receiver Odell Beckham Jr. will take his entire salary in Bitcoin, according to a tweet. Sports Illustrated reports that Green Bay Packers’ quarterback Aaron Rodgers took part of his 2021 salary in Bitcoin. These are just a few of the athletes who have chosen to tie their income to blockchain technology. They represent the first drips and drops from a dam that is ready to burst, and Jetcoin hopes to be among the benefactors of such an event.

Jetcoin’s approach is to build a blockchain-based ecosystem around athletes, musicians, and entertainers. It does this through Jetcoin Institute, Jetcoin NFTs, and the Jetcoin token. The institute buys a portion of the image rights of up-and-coming talents — called Jetcoin Champions. Jetcoin Champions are backed by Jetcoin holders who choose to invest in them. Then, as the Jetcoin Champion succeeds and signs promotional agreements, a percentage assigned to Jetcoin Institute is deducted from his or her fee and distributed to users based on their slice of the pie, per Jetcoin’s white paper. Jetcoin is issued by the institute, which it has purchased from the market or pulled from its reserves when revenue is generated from merchandising.

Let’s look at an example to help explain. Jetcoin Institute reaches an agreement with, say, a footballer. Jetcoin Institute purchases a portion of that footballer’s image rights. Fans who have purchased Jetcoin would then invest it in that footballer in the form NFTs. These NFT-holders would then become cardholding investors in that footballer. The footballer is able to show a fanbase, which makes them a more attractive target for endorsement deals. As they sign endorsement deals and generate revenue, they pay Jetcoin Institute a portion. Jetcoin Institute then distributes that, in the form of Jetcoin, to that footballer’s cardholders.

Just the Facts

Jetcoin is a multi-chain token operating on Ethereum as an ERC-20 token and on Binance Smart Chain as a BEP-20 token. There is a max supply of 80 million, half of which will be allocated to the Ethereum side and half to the Binance side. Its current market cap is $466,845.55, which puts it at number 2,055 on CoinMarketCap.com.

Want In?

As of this writing, JET can be purchased for $0.04 per token. It’s available on PancakeSwap, Uniswap, ProBit, MERCATOX, Bitcratic, Fork_Delta, and SWFT exchanges, according to Jetcoin.io.

Continued Reading

You can read more about Jetcoin in its white paper and lite paper, each found on Jetcoin’s website. CoinMarketCap’s Jetcoin page, found here, will provide current price information as well as its market cap rank. You can view its market activity on etherscan right here. Binance Smart Chain runs down the same info on Jetcoin’s BSC alternative here.