These CryDRs feature built-in smart regulation, which is a set of real-world regulations and rules written in solidity code then deployed using the Ethereum blockchain. This smart regulation essentially allows CryDRs to be both decentralized and follow the regulations and rules found in the real world that apply to assets. The main function of the Jibrel Network Token is purchasing and redeeming CryDRs. It also allows for transactions involving value exchanges of securitized off-chain assets. Since 2017, DigitalCoinPrice has become one of the trusted brands within the crypto community.
ThrusterSwap Token
You can use the Jibrel DAO, the Jibrel Decentral Bank, to jnt coin exchange volatile cryptocurrencies, such as BTC or ETH, for stable tokens, such as the various jCash. At any time in the future, you can exchange the stable jCash tokens for their underlying value, no matter the price of BTC or ETH at that time. The Jibrel Network gives users traditional financial assets in addition to standard ERC-20 tokens along the Ethereum blockchain.
How Is the Jibrel Network Token Distributed?
As mentioned above, we have a due diligence process that we apply to new coins before they are listed. This process controls how many of the cryptocurrencies from the global market are represented on our site. An investor can tokenize financial assets by transferring liquid assets to the Jibrel AG Fund located in Zug, Switzerland, where they are held. Illiquid assets receive their securitization via JNT for the underlying currency. Any transaction that involves that tokenized asset in question will then be done using JNT. Because the tokenized assets are a type of standard ERC-20 token, users can rely on any ERC-20 wallet to send, receive, and exchange their CryDRs.
What is jnt smart contract address?
- In September of that year, it had the presale for the Jibrel Network Token.
- They have revolutionized the digital asset space because they have enabled decentralized exchanges, decentralized finance, ICOs, IDOs and much more.
- It would have been too challenging to keep fiat currency liabilities while holding the uncorrelated and volatile crypto-assets.
- Normally, the graph starts at the launch of the asset, but it is possible to select specific to and from dates to customize the chart to your own needs.
- As mentioned above, we have a due diligence process that we apply to new coins before they are listed.
A smart contract enables multiple scripts to engage with each other using clearly defined rules, to execute on tasks which can become a coded form of a contract. They have revolutionized the digital asset space because they have enabled decentralized exchanges, decentralized finance, ICOs, IDOs and much more. A huge proportion of the value created and stored in cryptocurrency is enabled by smart contracts.
CryDRs, or CryptoDepository Receipts, are an important part of the Jibrel Network. These tokens represent a traditional financial asset’s value but have the denomination of a Jibrel Network Token, JNT. We calculate our valuations based on the total circulating supply of an asset multiplied by the currency reference price. You need an account in order to star coins, keep track of your portfolio, set up alerts, vote on coins as well as use all the other advanced features.
We collect latest sale and transaction data, plus upcoming NFT collection launches onchain. NFTs are a new and innovative part of the crypto ecosystem that have the potential to change and update many business models for the Web 3 world. There is a total supply of 200,000,000 Jibrel Network Tokens, JNTs. Ten percent of these, 20 million JNT, were allocated for the token presale and 60 percent, or 120 million, for the token main sale.
It would have been too challenging to keep fiat currency liabilities while holding the uncorrelated and volatile crypto-assets. By creating JNT, by contrast, there is a closed system that can self-balance. Using the Jibrel Decentral Bank, also known as the Jibrel DAO, users can exchange their JNT tokens for CryDRs.
The team receives 15 percent, or 30 million JNT, while advisors and partners get another 10 percent, 20 million JNT. The final 5 percent, or 10 million JNT, is reserved for bounties. JNT will be listed on multiple exchanges to make it easier for users to acquire. We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. We receive updated cryptocurrency prices directly from many exchanges based on their pairs.
JNT is currently available on a handful of smaller exchanges – BiBox, HitBTC, Gate.io, Coinrail and IDEX. Bitcoin’s dominance is currently 58.64%, a decrease of 0.44% over the day. The Jibrel Network has already accomplished a reasonable amount. The Limited Alpha version of the network went live on Ropsten in May 2017. In September of that year, it had the presale for the Jibrel Network Token.
