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Oct 4, 2017
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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.
Jibrel Network | ICO Status: Finished | 26.01.2018 |
| Concept: 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. Whitepaper: Get more information  |
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Venture  | Raised Capital: Yes  Venture Round: Pre-sale  Price: $0.20  | ICO token Distribution: 20% Development, 10% Marketing, 10% Legal & Advisory, 60% Portfolio Building (Purchasing Assets off-chain) |
Mining  | Supply: Total Supply: 200,000,000 JNT | Usage: 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. |
Competitors  | 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 ICO Finish: 26th of January 2018 ICO Tradable on Exchanges since: still not tradable | Platform: Ethereum (ERC20 Token) |
Offices/Locations  | Zug, Switzerland New York, US |
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Team behind Jibrel Network
Yazan Barghuthi
Project Lead
Yazan has over 9 years’ financial services experience at top management consultancies such as Oliver Wyman and Deloitte. He is proficient at Javascript, HTML, CSS, React and most front-end frameworks.
Victor Mezrin
Technical Lead
Victor has over 10 years’ development experience and ran a top-3 altcoin mining pool (pool.mn) between 2014 and 2016. He is proficient at C++/C, Python, Java, C#, PHP, JavaScript, Solidity.
Talal Tabbaa
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.
Aleksey Selikhov
Developer
Aleksey has over 12 years’ experience developing tech solutions for financial institutions. He has delivered full-stack solutions for both banks and investment funds. He is proficient at C++/C, Java, Python, JavaScript, Solidity.
Ivan Violentov
Developer
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.
Nick Marinin
Developer
Nick has over 9 years’ experience in designing and developing financial user interfaces. He has developed UI/UX for financial institutions, retail businesses and manufacturers. He is proficient at HTML, CSS and JavaScript.
Visit jibrel.network for more info.
Social stats of Jibrel Network
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Initial Coin Offering
