With the advent of Blockchain technology, there are hundreds of cryptocurrencies came into existence promise to solve the real life problems of humans. But as we all are aware that most of the cryptocurrencies/ICO projects don't offer something new or something unique, focused to solve some real life problems, rather they're only an alternative of some existing ICO project. There are many examples of it you can see for yourself in the crypto space.
What actually the world wants is something which is unique and can offer something which will be highly beneficial for them in real life. Let's take an example of trading and hedging. We all know most of the people hold some company's stock in his/her investment portfolio. Stocks are considered the most volatile investment and obviously the most profitable one too. Overtime it may grow in value or it may fall as well. But what if you can use your stocks, bonds or other financial assets for other work, instead of using them only as an investment?
Yeah, the idea is great. What if you can use your stocks and bonds for making global payments, for hedging and also for trading?
Well, a new blockchain based project has come into existence which offers all these things at one place.
The name of this platform is Jibrel Network (JNT). Let's have a look at it.
Jibrel Network (JNT) Overview
Jibrel Network is Blockchain based decentralized platform which allows it's users to 'tokenize' every other financial assets like bonds, equities, stocks and convert them into ERC-20 tokens so that you can use them for trading cryptocurrencies as well as global payments, on Ethereum Blockchain without even selling them directly for fiat currencies.
JNT platform offers an in-built instrument named CryDRs which can be converted from stocks, bonds in order to use them for trading, hedging and global payments.
1 USD CryDRs will be equal to 1 USD worth of JNT tokens.
How Jibrel Network (JNT) Works
Jibrel Network is actually a decentralized platform which tries to solve the problem of expensive transfer of digital assets from one place to another using Ethereum Blockchain. The problem with existing financial system is that, it doesn't allow users to transfer financial instruments from one person to another at a very low price and most importantly one can not use financial instruments like Stocks and bonds for inter and intra-country payments.
Now, with the help of Jibrel Network, one can convert his/her financial instruments, whether stocks or bonds into JNT tokens first, then into CryDRs which again can be used for payments and transfer within the whole world using Ethereum Bockchain.
Jibrel Network (JNT) Unique Features
Well, JNT offers tons of features over the Ethereum Blockchain which a user can benefit from into the real world.
Let's have a look at those unique specifications:
- Jibrel Network uses Ethereum Blockchain, which is considered to be highly secured and lighting fast when it comes to transferring assets from one person to another.
- Jibrel Network support the trading of cryptocurrencies via other financial instruments which actually is a real feature. You can trade stocks for cryptocurrencies or bonds for stocks. Basically, you can trade anything with everything.
- Jibrel Network charges only a menial fees for the transfer of traditional as well as digital assets over Ethereum blockchain.
- All the CryDRs will be backed by real assets and for every transaction happened, a ticket called 'Tethered'' is formed and after the completion of transaction, it dissolves.
- JNT network is soon introducing jCash which actually will represent the fiat currencies like USD, EUR, GBP, AUD and many more. One can simply trade and convert fiat currencies into jCash and then transfer them to other person in jCash form using Blockchain.
JNT Tokens & ICO Crowd Sale
JNT tokens are the in-built currency against which the CryDRs are purchased and then transferred to other people on Ethereum Blockchain. Instead of ETH or BTC, which are highly volatile, JNT uses its own cryptocurrency to control volatility in fiat CryDRs.
JNT tokens will be listed in major exchanges once the ICO gets over.
JNT public pre-ICO sale began on 25th September, 2015 and will continue till 25th October 2017.
JNT tokens has a maximum supply of 200 million in which only 20% will be offered in pre-ICO sale. Next sale will be happening on Network launch event on 27th November 2017.
For pre-ICO sale, each JNT tokens is valued at $0.20
Although the concept is very unique and provides high value to the blockchain users. There are not many platforms out there which provides these quality of services.
For detailed information, please visit Jibrel network official website and read their Whitepaper.
Visit Jibrel Network (JNT) Website
Read Jibrel Network (JNT) Whitepaper
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Cool
Sweet review! Do you know about any other competitors in this space?