Jibrel Network Crypto Depository Receipts (CryDRs) Smart Tokens Blockchain
In summary, Jibrel Network seeks to close the gap between the crypto-market and traditional financial infrastructure. The network aims to create a platform on which investors and users can send, receive, store, or exchange their assets without incurring any fees.
The Jibrel Network’s token sale is open and is expected to run through January 26, 2018. Just to throw in a bit of background, Jibrel Network is one of the first Blockchain startups. It provided the first decentralized network to tokenize traditional financial assets on the Ethereum blockchain. Initially, it traded on bonds, equities, currencies, and commodities. Jibrel Network controls the cost efficiencies associated with storage and transaction of digital assets.
Since its launch in early 2017, the network has managed to secure funding worth more than 4 million US dollars. Much of the funding came from international investors such as Tech Squared, TaaS Fund, Aurora Partners, and the Arabian Chain. This happened during the network’s token presale held in September 2017.
The idea behind the creation of the Jibrel Network was to deal with the crypto-economy’s thirst for managed, safe, and risk-covered assets on the blockchain. With this objective, Jibrel Network developed a team of technocrats specializing in the transformational concept of smart contracts and asset-backed tokens. The entire network embraces the system of Crypto Depository Receipts (CryDRs) as its smart token. These tokens can be used to conduct remittances, trading, global payments, and crypto hedging. Besides, the CryDRs are regulation-embedded to ensure that they comply with KYC and AML requirements for token transfers on the Jibrel Network platform.
According to Hamzeh Kolaghazi, the Head of Operations at Jibrel Network, the conformity with the financial regulations is the primary driver for sustained scalability. To that end, Jibrel Network seeks to implement all the essential steps to ensure that everything is in strict conformity with the global financial standards. The Network aims to collaborate with financial institutions already in place and more importantly, the financial regulators. In the end, the network is confident that the blockchain technology will be part of the global business environment in the near future.
For the short period that it has existed, Jibrel Network has been on the forefront as an innovator in their domain. Against that backdrop, the network has created a stable financial structure that it believes will play a crucial role in helping the industry prosper. Jibrel Network launched its maiden product iWallet earlier this month. The crypto wallet is secure, user-friendly, reliable, and enterprise-grade. Besides, it also maximizes user security.
Since its inception, Jibrel Network has developed an impressive track record, which has attracted distinguished entities in the blockchain and financial sectors that have joined the platform as advisors. Notable advisors include Don Tapscott a global blockchain expert and author of Blockchain Revolution. According to Thinkers50, Mr. Tapscott is the second most influential management thinker who is alive. Other advisors on the platform include Abbas Eddy, Ruslan Gavrilyuk, who is the Founder of TaaS, and Dr. Moe Levin, the CEO of Keynote, among others.
The following are the key points related to the token sale on Jibrel Network.
- BTC and ETH are the only accepted currencies
- Available on the Bitcoin Suisse are CHF, EUR, USD, GBP, DKK, and SGD
- Jibrel Network Token will be offered at $0.25
- Minimum investment limit is $50 while the maximum limit is $850,000
- Sale hard cap is $30,000,000
- Token sale supply is 120,000,000 Jibrel Network Tokens (JNTs)
The Jibrel Network welcomes any willing investor to participate in the token sale. You can find more information about the token sale at: sale.jibrel.network or bitcoinsuisse.ch/jibrel/