All stablecoins that are minted on Jax.Money are backed by JAX (WJAX), which in turn is backed by energy. It means that new coins can only be created when some amount of energy is spent on mining.
The exchange rate is automatically fetched from DEXs.
At the moment, you can swap WJAX to JAXRE (JAX RUPEE) and JAXUD (JAX DOLLAR). We plan to complement this list with other localized derivatives in the future.
Connect your MetaMask account and make sure that you have some BNB (BEP-20) in your wallet.
Choose tokens you want to swap from the dropdown menu.
Check if the tokens you chose are added to your MetaMask wallet.
Enter the amount you would like to swap.
Check details and confirm the swap.
Confirm the transaction in your wallet.
The markup fee is set by the governor and may vary from 0% to 2.5%.
Open your MetaMask wallet and check if the Binance Smart Chain network is chosen.
Click on the "Add Token" button at the end of the list of assets.
Open the "Custom Token" tab and paste the token contract address.
JAXRE: Test 1
JAXUD: Test 2