ISRAEL FINANCE MINISTER RECEIVES FIRST NFT CERTIFICATE FROM JEWCOIN DAO.
FROM MEME CRYPTOCURRENCY TO FIRST KOSHER ECOSYSTEM.
The JewCoin kosher project burst onto the decentralized finance market, gaining significant support from the Jewish community and a host of respected rabbis.
A team of bona fide professionals from the blockchain industry succeeded in transferring rabbinical precepts to a blockchain. With that, another seemingly meme-based cryptocurrency, JewCoin, evolved into the first kosher multifunctional ecosystem, the First Kosher DAO Ecosystem (JewDAO). The idea was based on the unique digital NFT art collection “The First Digital NFT Torah.”
The first certificates of ownership of NFT Digital Hamsa, issued by the JewCoin project, have already been received by Israeli public figures and politicians such as Inna Zilbergerz, director general of the NDI party Israel Our Home, as well as Israeli Finance Minister Avigdor Lieberman.
Kosher token JewCoin
The main unit of value in the ecosystem is a digital asset called JewCoin (JEW). The token gives holders the right to vote in JewDAO, can be used for farming and staking, and allows holders to buy collectible NFT digital art called “crypto-amulets.” Unlike most coins in the decentralized finance market, the JEW token has the property of rug-pull stability, whereby 5% of all transactions are returned to the liquidity pools to all holders, locked in for 40 years. This ensures the safety of investor funds. Notably, the total issue of JewCoin tokens is 17,000,000, in line with the population of Jews around the world.
Tokens may be purchased on the decentralized platform PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfaf3704d3b2c523c37cd691e658861f10b0fd839
NFT crypto-amulets
The main idea behind JewCoin DAO is the digitalization and archiving of sacred scriptures through the tokenization of the cultural heritage of the Jewish people via innovative technologies. Blockchain plays an important role here, as the technology protects the content from any changes while providing extensive financial and usage possibilities.
The Main Digital NFT Torah Collection includes a range of products based on the 613 Torah commandments and the main NFT Digital Hamsa crypto-amulets. Also, the NFT Art Collection from JewCoin will contain songs, poems, stories, books, prayers, and more. The individual NFT Mezuzah and NFT Savivon are also scheduled for the upcoming release.
It’s worth noting that NFT Digital Hamsa crypto-amulets come in three types:
The basic NFT Digital Hamsa, which can be purchased on NFT platforms for 0.1 ETH or received after buying and holding a minimum of seven units of JEW tokens for 30 days on your wallet balance.
The NFT Rabbi Hamsa, signed by respected rabbis, which can be bought on NFT platforms for 1 ETH or awarded for useful community activity, such as posting and maintaining a supportive post on social media for at least 30 days.
A unique NFT Blessed Hamsa that contains a Cohen blessing, which may be purchased for 10 ETH on NFT platforms.
Charity and the concept of tithing
The entire tokenomics of JewCoin is built on the Jewish concept of tithing (מעשר ראשון) (ma’aser rishon). The total supply of JEW coins is distributed at 10% and blocked for various tasks. In addition, some of the working capital is sent to liquidity pools to keep the project running, preserving the value of JEW and the entire NFT collection production. It is also worth noting here that 10% is distributed to synagogues for the development of cultural projects and for the general support of the entire Jewish nation.
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