The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain. The Jibrel Network Token (JNT) is a virtual currency used to purchase / redeem CryDRs. CryptoDepository Receipts or CryDRs are tokens representing a traditional financial asset’s value, denominated in Jibrel Network Token - JNT (e.g. a USD CryDR holds 1 dollar worth of JNT). In addition, any value exchange associated with the securitized off-chain assets are transacted using Jibrel Network Token. CryDR transfers consume small amounts of JNT in the form of jGas. Given the extreme volatility of ETH and BTC, it would be difficult to hold liabilities in fiat currency (CryDRs) while holding volatile and uncorrelated crypto-assets. Using JNT, a closed system is established allowing for the system to self-balance.
Jibrel Network Token (JNT) will be publicly traded on at least five exchanges as soon as February 1st, 2018. The minimum accepted investment is US$ 100 and the maximum investment limit is US$ 850,000. $3.2 Million has been raised in the Pre-sale.
Team:
Advisors:
Jibrel will be holding its ICO on the 27th of November, 2017. The ICO token supply represents 60% of the total token supply. The ICO funding cap is 30,000,000 USD and is expected to end on the 26th of January, 2018 or when the funding cap is reached.
Token Reserve Split (40%):