What is Investment Power?
Investors must hold JNTR to participate in the daily Auction, effectively placing a hold on selling a relative amount of JNTR as well as increasing buying demand on the secondary market. Investment power is equal to the amount of unlocked/unstaked JNTR held in an investor’s wallet. Investors can invest in Jointer’s Auction up to 100% (1:1 face value) of their unlocked/unstaked JNTR holdings at the time of the investment.
If an investor does not have enough investment power to participate in the auction, they will either need to unlock/unstake their JNTR or purchase more from the secondary market or SmartSwap.
Example
Investor holds in the wallet $100 worth of JNTR
Investor may invest up to $100 in the auction
Investor will need to unlock, unstake, or purchase more JNTR from other users via the secondary market to invest more in the Auction
N.B. Investment power will start after day 5 to allow the first investors to become the secondary market’s first sellers.
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