How to buy JPEG'd from Bitget

What is JPEG'd (JPEG)?

JPEG'd is a blockchain-based project that aims to revolutionize the world of NFT and DeFi by creating a platform that allows people to use NFTs as collaterals for loans. The protocol currently supports most popular NFT collections such as CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, and EtherRocks. 

JPEG'd was launched in 2022 and it already has $61.4 million in TVL.

How JPEG'd (JPEG) Works

JPEG’d has a sophisticated mechanism with three native tokens: JPEG, PUSd, and pETH. Users can deposit supported NFTs into vaults and take out loans in PUSd or pETH whose values are at max 35% of the collateral value. When taking out loans, users can purchase insurance that costs 5% of every debt. This insurance allows users to potentially be able to buy back their NFTs even after being liquidated if they pay the outstanding balance plus the liquidation fee.

PUSd and pETH are two native tokens of the platform that users can borrow by depositing the NFTs. Though the former is a stablecoin and the latter is an ETH derivative token, they are both minted when users borrow and are burned when the debt is repaid. Moreover, both incur an interest rate for lending.

JPEG is the governance token of the protocol that also lets holders access auctions and have a higher debt/collateral ratio.

How Many JPEG'd (JPEG) Tokens Are in Circulation?

There are 69,420,000,000 JPEG tokens in total supply, 20,826,000,000 (30%) of which are in circulation.

How to Buy JPEG'd (JPEG)

Consider investing in JPEG'd (JPEG)? It only takes 2 minutes to create an account on Bitget and start trading JPEG. 

 

Check out the available JPEG trading pairs on Bitget!

 

Spot market

JPEGUSDT

 

JPEG'd (JPEG) Resources

Official Website

Official Documents

 

Bitget: Where The World Trades JPEG'd

Fast

Bitget’s world-class matching engine supports up to 1,400,000 orders per second. This ensures that your crypto trading experience is quick and reliable.

Simple

Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy JPEG'd instantly.

Secure & Trusted

Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and SAFU (Secure Assets Fund for Users) insurance fund protect your account.

Liquid

Bitget is the world’s most liquid cryptocurrency exchange, with the biggest volumes across multiple crypto pairs.

How to buy JPEG'd from Bitget

What to Do After I Buy JPEG'd

Store/Hold JPEG'd

Many users hold on to their JPEG'd with the expectation of it increasing in value. You can store your JPEG safely on your Bitget account or on our crypto wallet app Trust Wallet, the most user-friendly and secure mobile wallet.

Trade JPEG'd

You can trade JPEG'd for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for JPEG'd trading to meet your needs.

Send JPEG'd

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy JPEG'd online and send to anyone and anywhere with their JPEG'd address.

Spend JPEG'd

You can also buy goods and services with your JPEG'd. More and more vendors and retailers accept JPEG'd every day.

Donate JPEG'd

Bitget Charity accepts JPEG'd donations for global projects that aim to improve the lives of people in the bottom billion. You can donate JPEG'd so no one misses out on the growth made possible by blockchain.

Learn More About JPEG'd

You can read more in-depth articles on JPEG'd from Bitget Research and study how cryptocurrencies like JPEG'd work on Bitget Academy

Buy and Sell JPEG on the Move

Download the Bitget crypto trading app and trade your JPEG plus 150+ cryptocurrencies, anytime and anywhere.

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(!) Cryptocurrency investment activities, including actions done to buy JPEG'd online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy JPEG'd instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your JPEG'd purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.