Jackdaw: Year One
It's hard to believe Jackdaw ($JDAW) has been running on the Ravencoin ($RVN) blockchain for over a year now! That's right, on October 16th we celebrated our one year anniversary on the Ravencoin blockchain. As a small, grassroots crypto community with zero funding mechanisms we have accomplished a lot in our first year. With the announcement of the new $RVN/$JDAW market pair and liquidity pools coming to the Neoxa Asset Portal we figured there's no better time than now to recap Jackdaw's first year on the Ravencoin blockchain and have a look toward the future. Let's dive in for a recap of the Jackdaw project, Year One!
- Distribution Phase Ends
Jackdaw successfully completed its distribution phase by the end of 2023. Jackdaw was distributed by community promotions, faucets, and airdrops. The NiftyRaven community was essential in providing the tools necessary to conduct the airdrops (which were truly verifiable p2p transactions), and the RocketRaven.net community supplied the first Jackdaw faucet. Communities such as TheHumbleMiner, RavencoinAssets, and MeCo all held promotions where users could get awarded Jackdaw, completely free. Hundreds of users participated in community promotions & thousands were targeted for airdrops. Once distribution ended and the ownership asset was burned, it was time to get to work on the next phase, raising awareness about Jackdaw!
- Awareness campaigns 2024
We worked hard over the first year of Jackdaw's life on the Ravencoin blockchain to raise awareness for the Jackdaw token within the Raven community. We wanted those who held Jackdaw to know they own it, and to know what Jackdaw is all about! We set out with several initiatives online to help bring Jackdaw to the world. Within the first three months after distribution we had already hit our goals for getting Jackdaw out in the world as a stand-alone cryptocurrency, this included:
- Creating JackdawToken.com
- Creating Jackdaw Social channels.
- Decentralizing ownership of social media.
- Creating Jackdaw media.
- Populating and updating Jackdaw media channels with new, ongoing, relevant information, fostering community engagement.
- Distribution of JACKDAWTOKEN.COM promo tokens on blockchain.
- Publishing of Whitepaper on website and distributing via promo token/IPFS.
- Creation of the JackBlog for regular project updates.
- Applying to several cryptocurrency exchanges for Jackdaw listing.
So far we've been able to accomplish all this and more, with the singular goal of raising awareness in the Ravencoin community about Jackdaw, and letting potential holders know to check their old wallets! Speaking of holders, that brings us to our next point, trading!
- Exchange listing: A journey
Jackdaw started off with some great community tools for trading and some volunteers for the project have made demo videos showcasing a lot of the Ravencoin ecosystem (with more to come), including early trading options, on the Jackdaw X account. When it came to early trading and price discovery, users could trade trustlessly peer-to-peer using Electrum Ravencoin and the Jackdaw Swap Boards, or those who were more accustomed to NFT style trading could use RocketRaven.net, additionally, users also had a chat-based solution in the Jackdaw Exchange channel in the Jackdaw Discord (using the NiftyMinter app).
While these tools are great, Jackdaw as a community was hungry for more solutions when it came to Jackdaw trading...
Perhaps the most difficult thing for Jackdaw to achieve as a truly community-lead & decentralized token has been getting an exchange listing. Unlike most projects of its kind, Jackdaw elected to have no founders reward, no ICO, and no fund set aside for exchange listings or other initiatives. This can be challenging when applying to exchanges, who often ask for exorbitant listing fees and liquidity standards.
On this note we want to give a huge shout-out to the Neoxa Asset Portal, who saw the value in listing Jackdaw and did so without asking for any fee or liquidity up front from the community. Jackdaw is completely community owned and governed, and nowhere does that shine brightest than in the growing Jackdaw market.
All token liquidity for Jackdaw comes from the community, and thats very rare to see in the crypto space these days - a true, organically grown, grassroots crypto community effort.
For Jackdaw to get an exchange listing in the first year of its life is amazing and not something many Ravencoin Assets have accomplished. That said we couldnt be happier to have our first market be with the Neoxa Asset Portal platform. The Neoxa Asset Portal (NAP for short) allows users to instantly trade Jackdaw, or add their Jackdaw to a liquidity pool and help strengthen the market! Users often ask how they can help strengthen the Jackdaw community, and right now these liquidity pools offer a great avenue to support the token!
As we stated previously there is no central authority or official funding mechanism supporting the Jackdaw project, so its amazing to see the market being built ENTIRELY by volunteer holders. Thank you to all those who have been building the market so far, its a huge help to the Jackdaw project!
As of this writing over 5 Jackdaw have reached the NAP exchange liquidity pool, this is roughly 10% of the total Jackdaw supply! Due to how $JDAW was distributed, it was largely unknown how much would make it back into general circulation or if those who held it would be interested in trading. Now we know! With the expansion of the Jackdaw market to include a Ravencoin pair and liquidity pool later this week, we cant wait to see how the Jackdaw market further evolves. Get involved in Jackdaw price discovery and have some fun with it while we build a stable market for digital scarcity!
- The future: Borderless & Inclusive
Jackdaw was born on the Evrmore blockchain, completed distribution on the Ravencoin blockchain, and was first traded on the Neoxa blockchain. The Jackdaw project has truly been a cross-chain and cross-community tokenomics experiment. While Ravencoin is Jackdaw's parent blockchain, Jackdaw stands as a free and open cryptocurrency that anyone can work with, no borders, no limits, no rules. We've kept the messaging around Jackdaw, and its purpose as a digitally scarce asset, to a minimum. This gives room for other creators and crypto fans to grow into and with the project. Jackdaw truly and provably belongs to the world, and the world may do with it as it pleases.
Jackdaw now stands as a completely permissionless, leaderless, and decentralized scarce store of value. If the recent exchange listing has taught us one thing, its the fact that Jackdaw was distributed right - so widely and openly that no one user can have a controlling interest in the supply from the start. With the addition of the burned ownership asset Jackdaw became a "headless" Ravencoin token (see the whitepaper for more on that) and it stands to reason that Jackdaw is one of the most decentralized tokens in the space. We hope to set out to prove that further in the coming years as we raise awareness for Jackdaw in a wider audience.
We've been largely focused on raising awareness and highlighting tools for Jackdaw holders in the Ravencoin community for Jackdaw's Year One. Now that we have our first exchange listing (with two markets soon!), a suite of tools & wallets (with more on the way!), and a solid grassroots community backbone (the best cypherpunks in the Raven Assets space!), its time to share Jackdaw with the world! Look forward to Jackdaw content, tools, and more coming in 2025 as we shift our focus to the broader crypto community and show the world the power of Ravencoin Assets and truly secure, digitally scarce tokens.
Let us proceed together apace.
Onward!