Jibrel Network ICO
Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain. Tokenized assets have ‘smart regulation’ built in, real-world rules and regulations translated into solidity code and deployed on the Ethereum blockchain. Ensuring that while decentralized, the tokenized assets always follow real world rules and regulations, remaining AML / KYC compliant.
ICO Status: Finished
Mission To leverage blockchain technology and cryptography to fully automate and decentralize consumer / retail banking (and respective investment banking activities). Traditional banking, the process of issuing debt, securitizing it, reselling it, etc. is an effective tool in allocating capital efficiently. That being said, conflicting incentive structures, convoluted processes, bloated organizations, and an array of other problems, plague existing systems, causing them to fail repeatedly. Technology has already permeated almost every facet of banking. Underwriting: A large number of consumer loan / mortgage applications are approved or rejected algorithmically. Securitization: Loans or mortgages are aggregated into trusts based on risk profiles / appetite — again, largely methodologically, and in a lot of cases, algorithmically. Trading, Settlement & Clearing: Debt backed securities are bought and sold in large tranches, with returns / dividends paid out, again, with heavy algorithmic involvement. So the mechanisms and tools exist to automate the entire funnel. But up until blockchains and cryptocurrencies, the piping was missing. Jibrel Network Vision Jibrel is gradually building the infrastructure to automate the consumer banking funnel. With Jibrel, it will be possible for a consumer to sign-up for a loan, get approved and make monthly payments; an investor to buy a debt backed security — and the same dollars used to pay the loan, pay-out the investor holding the security, automatically, transparently and privately — cryptographically enforced.
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|ICO token Distribution:
20% Development, 10% Marketing, 10% Legal & Advisory, 60% Portfolio Building (Purchasing Assets off-chain)
Total Supply: 200,000,000 JNT
Users can purchase tokenized assets using Jibrel Network Token (JNT). Sending and transacting with tokenized financial assets also consumes JNT in the form of jGas.
|Polymath - Focus on listed equity - Difficult to do on blockchains because of front-running - Have yet to build something BankEx - Focus on Proof of Asset protocol element of securitization - weak tech Tether - Lacks credibility / trust|
Initial Coin Offering
|ICO Launch: |
27th of November 2017
26th of January 2018
ICO Tradable on Exchanges since:
still not tradable
|Platform: Ethereum (ERC20 Token)|
New York, US
Team behind Jibrel Network
Business Development Lead
Talal has over 6 years’ experience in financial advisory roles at top tier consultancies (PwC) as well as private investment funds. He is proficient at Python and SQL and is learning front-end development.
Ivan has more than 5 years’ of experience in web programming. He is especially skilled at developing financial solutions and applications. He specializes in full-stack development using Node, server-side, and React/Angular/Vue, client-side.
Visit jibrel.network for more info.
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Categories:Initial Coin Offering