# Jinex Token

### [Jinex Token (JIN)](https://nft.io/asset/4423-1)

* MultiToken on Enjin Matrixchain
* 105,000,000 Initial Max Supply ([Collapsing Supply Type](https://support.enjin.io/hc/en-gb/articles/19114269858834-Token-supply-types))
* ENJ is continuously being infused into JIN from protocol's fees + users
* Used for paying protocol fees on [Jinex App](https://app.jinex.io) for -50% fee
* Melt (burn) JIN to destroy it and instantly receive it's contained ENJ. JIN can never be reminted, so melting is permanently reducing it's Max Supply
* Convert JIN Token → JIN Coin and vice-versa (*coming soon*)

ENJ-backing per JIN unit can never be reduced, only increased by infusions

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### Protocol Fees

Jinex protocol fees apply to:

* sENJ Pool Swaps
* Crypto Swaps
* Loans
* Unstakes

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### Fee Reduction

Fees can be reduced using:

* Account Upgrade NFTs: Multiverse Founder's Tokens (MFTs) + Swap Fee Reducers, Loan Fee Reducers, Unstake Fee Reducers + Max Stack Boosters
* JIN: Pay protocol fees with JIN for 50% further fee reduction

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### System Design

Jinex is built so that:

* Usage reinforces long-term value
* Liquidity remains internal
* NFTs enhance utility


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