Jetshare Introduces Fractionalized NFTs to Private Aviation Industry

Non-fungible tokens, or NFTs, are increasingly popular among retail and corporate investors across the globe. Thanks to the transparency and accessibility of NFTs, Web3 enthusiasts can benefit from investing in previously unexplored segments.

Jetshare is disrupting private jet industry with NFTs

Launched in 2022 by commercial aviation veterans, Jetshare is a protocol for investing in private jets underpinned by a native cryptocurrency and NFTs. Technically, it allows everyone to purchase a share of a “tokenized” jet and benefit from its commercial use.

Also, investors in Jetshare can buy and sell tokenized ownership rights on the free market. Every non-fungible token (NFT) released by Jetshare is backed by a physical jet stored and insured in one of the airport hangars controlled by the platform. Jetshare collaborates with the owners and operators of all major jet heavyweights, including the likes of Bombardier Challengers, Pipers, Gulfstreams and Hawkers.

Every investing deal with retail NFT purchasers is backed by Jetshare contracts verified on the blockchain. Jetshare ecosystem features 89 professional pilots, 289 airports, 59 jet airplanes, 129 destinations and counting.

In Q4, 2022, Jetshare smashed through a major milestone in its development and promotion progress. The protocol has passed a third-party security audit of its smart contracts and ecosystem design. Jetshare was audited by Soken, a high-profile blockchain cybersecurity team. As the audit results were made public by Soken, Jetshare protocol is attack resistant, secure and protected from inside job attacks and rug pulls.

Member status unlocks impressive opportunities for investors and enthusiasts

The project’s underlying cryptocurrency token, JETT, is released on the top of BNB Chain (BSC), which is the fastest and most resource-efficient EVM-compatible smart contracts platform.

By investing into JETT token, cryptocurrency enthusiasts get exposure to all instruments of the Jetshare ecosystem. There is no minimum or maximum sum of investments in JETT. Meanwhile, the $500 investment unlocks premium bonuses, benefits and limited offerings for investors.

Bronze members ($500 and greater invested) can be invited to complimentary free sightseeing flights at the nearest local airfield. Also, they become eligible for special aviation NFT drops and discounts on private jet events. Silver members will additionally get private jet charters and five exclusive NFTs automatically. Gold members will be invited to attend free flying lessons and closed thematic events.

The JETT token supply is capped at one billion assets. A total of 25% is allocated for presale. JETT tokenholders will be eligible for two taxes: a 5% “buy tax” and a 10% “sell tax.” Both taxes will supercharge the liquidity ecosystem, marketing efforts and rewards programs, while 1-2% of tokens will be destroyed to make the asset scarcer.

Jetshare releases ambitious roadmap for 2023

In 2022, Jetshare introduced a private jet NFT Trading Platform designed to streamline the process of buying/selling NFTs associated with fractionalized private jet ownership. Besides trading, this platform unlocks the utility potential of JETT token.

Namely, on this platform, JETT investors will be able to charter aircraft at minimum rates and communicate directly with the team.

CEO and founder of Jetshare RJ Aleksandrs highlights the importance of the platform for global cryptocurrency adoption and the Web3 segment as a whole:

Fractional jet ownership in our industry is nothing new. (...) We are opening up the exclusive market of the rich and powerful to cryptocurrency users.

Mr. Aleksandrs has been a pilot and consultant in the aviation industry for over 25 years. He became a cryptocurrency investor during this bearish market and is excited by the opportunity to introduce the private aviation and Web3 spheres to each other.

In early 2023, Jetshare will proceed to Chapter 2 of its roadmap. The platform is going to raise funds in two presale rounds, grow its technical team and expand its line of jets. The next phase of Jetshare’s progress includes building a decentralized cross-chain bridge to Ethereum (ETH), the largest smart contracts platform. Also, JETT token will be listed on Uniswap (UNI), the largest Ethereum (ETH) decentralized cryptocurrency exchange.

Chapter 4 of the roadmap will include listing JETT on major cryptocurrency data trackers, including CoinGecko, CoinMarketCap and so on. A lending protocol and member club will be added to the ecosystem of Jetshare.

Then, the team is going to release mobile applications for iOS- and Android-based smartphones. JETT token will be listed on mainstream centralized cryptocurrency exchanges (CEXes). After that, the team will focus on marketing in metaverses and partnerships with leading airlines.