The Jade Protocol is an OlympusDAO fork and it is running on Binance Smart Chain. It is developed by the same people that created the SmartCoin and who are also running the Fair Launch Foundation.
The coin itself is very interesting and they are really eager to reward people who stake, who keep their tokens, and who do not sell. That has been the concept also of SmartCoin and within the coming week, there are lots of people eager to see what will happen with the launch of Jade Protocol on Avalanche, which will be the official launch also of the Fair Launch Foundation (somehow). Those who have staked SMRT and SMRTR without selling at all (who are at a gigantic loss because of that) will be rewarded heavily at the launch on Avalanche, but exactly what it will look like is still uncertain.
But, let us forget about that and return to my airdrop.
My Jade Protocol airdrop!
Jade Protocol (on BSC) is giving away free money every week to stakers and buyers who keep their tokens on the platform and do not unstake or sell at all.
And so, I have 4,5 Jade tokens right now, and with those, I received an airdrop worth $33. Next week there will be a new airdrop, and this might last for a while. This is a part of Jade rewarding those buying/staking and not selling.
Of course, Jade is in a big loss right now. One week ago it was trading at $450 and now it is trading at $176 per token. That is a gigantic fall backward, but this is something all the different OHM forks have in common. All of them have dropped a lot, and in fact, that is a part of the game. People are selling, they are taking profit, and lots of people are selling their newly earned tokens (taking profit).
So, I am at loss, but with the airdrop funds I can still buy some more Jade tokens, and who knows, sometimes the tide will turn, and with the current APY, this is gonna look bright someday, no matter what!
If you want to learn more about an ongoing experiment ran by the IP Address Guide comparing the results of 11 different OHM forks, take a look at the following article: https://www.ipaddressguide.org/jade-vs-time-vs-spa-vs-fort-vs-gyro-vs-sb-vs-hec-vs-papa-vs-klima-vs-wagmi-vs-tac-which-is-the-best-project-where-to-invest-background-information-and-a-real-time-experiment/