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At the core of the Jackal Protocol lies a powerful and expansive blockchain and storage network.
JKL is the commodity that powers and secures the entirety of Jackal Protocol.
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Access to Various Applications
Staking JKL to Secure the Blockchain
Participate in the Jackal Governance Process
Inexpensive On-Chain Transactions
Decentralized Collateral for Various Use-Cases
Access Data Storage
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If you possess JKL tokens, you can temporarily lock them away to secure the protocol, this is called staking or delegating. In exchange for securing the network, you receive rewards and the ability to vote on the Protocol’s future.
Staking or delegating is not risk free, this is why it is important to learn about the risks and participate in sustainable staking practices.
To decrease risk, it’s recommended that you do research on validators and select one you trust as well as delegate to multiple validators.
Slashing by 0.01% occurs if the validator you delegate to is offline for too long.
Slashing by 5% occurs if the validator signs two different blocks at the same block height.
As the Jackal Protocol is an open source and decentralized protocol, the community decides the future with on-chain governance.
A simple proposal that does not alter any source code, such as opinion polls.
Validators update their software as per the proposal specifications.
The network's parameters, like the maximum validator count, are modified.
If accepted, the proposed amount will be transferred to the proposers wallet relative to the funding schedule.
Proposal aims to halt software updates if they are deemed malicious or have bypassed community governance.
Join the revolution and power the decentralized cloud infrastructure of web3. Provide storage with hard drives or SSDs to the Jackal Protocol and earn JKL rewards.
A Jackal Storage Provider is a dedicated web server optimized for data storage that accepts incoming files from users and creates contracts for the users to approve. You may be successful contributing to the network with an old computer you may have. If you are looking to purpose-build a storage machine – check out the documentation for recommendations.
Join the Jackal community of users and builders.
