What is Jelly eSports ($JELLY)?
$JELLY is a Solana based utility token of Jelly eSports which is a NFT project. The Jelly eSports NFT project aims to bridge the gap between Solana NFT technology and the hugely popular global eSports industry, by creating our very own eSports team and sponsoring some of the best talent around the globe to compete in gaming tournaments, repping the Jelly brand.
The total supply of $JELLY is 50,000,000, which is held in the staking wallet and used for staking rewards for our JellyBabies and Rascals holders. All utilities that use Jelly simply get sent back to the staking wallet to be used again for staking emissions. If any items are purchased in the online store using $JELLY, a portion of the $JELLY is sold to cover costs and the rest is sent back behind the staking wallet.