Jibrel Network JNT

$0.0425
Market Cap $ 7.193 MM (#262)
24h Volume $ 48.190 K
Chg. 24h: -2.25%
Algo. score 3.5/5  (#202)
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Jibrel Network project purpose and description

Jibrel Network clarity of purpose

Jibrel Network purpose and aspects

High fees and slow transfer times in traditional financial services.

Jibrel Network additional differentiation against competition

Using crypto fiat tokens, users can store, send and receive value in their local currency with near-zero fees.

Jibrel Network categories

Token issuanceMulti-currency walletDigital currency

Short description

The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain.

Abstract

the jibrel network aims to facilitate the digitization , listing and trading of traditional assets such as currencies, bonds and other financial instruments, on the blockchain. The jibrel decentral bank will allow platform users to deposit cash, money market instruments or create their own Crypto Depository Receipts (CryDRs) and benefit from on­chain / off­chain arbitrage. Decentralized organizations and funds that are overexposed in digital currencies can hedge their positions and protect their funding with stable assets. Furthermore, jibrel will provide developers with a complete platform to build tools and applications for transacting, investing and hedging, through leveraging traditional asset­backed tokens. In addition, jibrel will enable instant, near­zero fee, global payments and remittances in the form of fiat to fiat transactions that can be undertaken through peer to peer, business to 3 business or consumer to merchant channels. This white paper outlines the core components comprising jibrel, how they interact, and aims to demonstrate how the network can be built­out efficiently using existing infrastructure.

Link to Roadmap: https://jibrel.network/#roadmap
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