#### What is Jade Currency? Jade Currency (JADE) is a BEP-20 token that operates on the Binance Smart Chain, aiming to provide swift transactions and high APR returns when [staked](https://www.coinbase.com/learn/crypto-basics/what-is-staking) on various platforms. It is unique in its focus on the precious gem industry, specifically jade, and aims to bridge the gap between this multi-billion dollar industry and the world of [cryptocurrencies](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency). The project's primary initiative is to establish the first-ever [NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft) marketplace and [metaverse](https://www.coinbase.com/learn/crypto-basics/what-is-the-metaverse) shop for precious gems, where transactions can be made using cryptocurrency. The holders of JADE [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) are considered majority owners of the company, highlighting the project's commitment to decentralization. #### How does Jade Currency work? Jade Currency operates by leveraging the Binance Smart Chain's low transaction costs and high-speed transaction capabilities. The JADE token acts as a fractional ownership token, with public holders owning a majority stake in the company. This includes 60% of transaction fees from the marketplace, fees from NFT sales in the Metaverse, live [auction](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/auction) fees, and a significant portion of the LAND value and metaverse shop. To benefit from these returns, token holders are required to stake their JADE tokens in the marketplace. #### What are the potential use cases for Jade Currency? Jade Currency seeks to revolutionize the precious gem industry by creating a unique NFT marketplace and metaverse shop. This platform aims to be user-friendly and engaging, allowing sellers to customize their shops and buyers to browse products based on specific search criteria. JADE token holders can explore the metaverse shop, where featured sellers display their precious gem NFTs for sale. Additionally, live auctions for high-value items are held in the metaverse shop, providing another potential use case for the JADE token. #### What is the history of Jade Currency? The Jade Currency project was born out of a vision to integrate the world of precious gems, particularly jade, with the burgeoning field of cryptocurrencies. Recognizing the rising demand for jade and other precious stones, as well as the increasing value of top cryptocurrencies and metaverse LAND values, the project sought to create a unique platform where these two worlds could intersect. The project's commitment to changing the world is reflected in its innovative approach to creating the first-ever NFT marketplace and metaverse shop for precious gems, where transactions can be conducted using cryptocurrency.