How to Buy Jibrel Network JNT Guide

jibrel network token

This includes configuring the data sources that make up the feed, applying data cleaning filters and pricing methodologies, and setting the update mechanisms and frequency. This customization ensures that the data and oracle remain robust and resilient to market conditions, providing accurate and reliable price data for cryptocurrencies and NFTs.Transparency is another major benefit of using DIA’s API and Oracle feeds. They offer full and granular transparency throughout the entire data journey, giving users confidence in the accuracy and reliability of the price data. The customization options, coupled with the transparency provided by DIA’s API and Oracle feeds, make them a valuable tool for users in the blockchain ecosystem. Jibrel Network Token (JNT) is a cryptocurrency that serves as the native token of the Jibrel Network. Founded in 2017 by Yazan Barghuthi and Talal Tabbaa, Jibrel Network aims to facilitate tokenizing assets and traditional financial instruments on the blockchain.

jibrel network token

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To request a custom feed, users can reach out to DIA via Discord or Telegram.The use cases for DIA’s price oracles are diverse within the blockchain ecosystem. In the DeFi realm, they can be applied to derivatives, options, futures, lending and borrowing markets, collateralized stablecoins, synthetic asset issuance, money markets, and more. The Jibrel platform is a on-chain / off-chain platform that allows users to tokenize traditional assets. Investors can use the platform to configure their assets, with regards to AML / KYC and compliance restrictions, and sell them on-chain for a profit.

jibrel network token

Decentralized organizations and funds can used asset-backed tokens to hedge into more stable traditional financial instruments. Jibrel Network protocol is allow anyone to put traditional assets like currencies, bonds, and other financial instruments on the blockchain in a form of Crypto Depository Receipts (CryDRs). CryDRs have smart regulation built in; real-world rules and regulations are translated into solidity code to ensure that while decentralized, tokenized financial assets always follow real world rules and regulations. DIA’s JNT API and JNT Price Oracle offer several benefits for users in the blockchain ecosystem. Users can tailor each oracle and API endpoint to meet the specific needs of their decentralized applications.

  1. This token sale accepted bitcoin and Ethereum and closed a month early, according to a report by Crowdfund Insider.
  2. Jibrel Network has reportedly raised $30m in its ICO, following the sale of 200 million JNT tokens.
  3. The Jibrel platform is a on-chain / off-chain platform that allows users to tokenize traditional assets.
  4. In the third quarter of the year, Jibrel is looking to release an institutional-grade banking solution to directly tokenise and transact.
  5. This offer is based solely on information provided by the offeror and other publicly available sources.

What Is the Circulating Supply of JNT?

JNT allows users to tokenize and transact in fiat currencies, commodities, securities, and other assets. The disconnect between the traditional economy and the cryptoeconomy imposes numerous risks. Liquidity risks arising from the bottlenecks faced by exchanges in converting between digital and traditional assets.

In addition to using Hacken to protect against phishing attacks and perform site audits, Jibrel is using Cloudflare for protection against DDoS attacks. The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor. A quarter of the proceeds from the sale will be used to help with building the network, while 75 per cent of the capital will go to mint the first batch of crypto-fiat tokens, JCash.

About JNT

  1. Jibrel facilitates institutional grade liquidity to flow into the crypto economy in the form of cash and money market backed tokens, allowing decentralized autonomous organizations and funds to diversify their crypto-holdings into more stable assets.
  2. When users require a tailored configuration for a specific feed, DIA can build a dedicated API price feed to meet their needs.
  3. Investors can tokenize cash and money market instruments and sell them on-chain, benefiting from on-chain / off-chain arbitrage.
  4. We urge all holders who still have JNT in those exchanges to remove them as soon as possible to either Gate, Bittrex, or your personal Ethereum address.

In addition, CryDRs have regulation embedded, ensuring all token transfers on the Jibrel Network are always fully KYC / AML compliant. The presale attracted interest from both individual as well as institutional investors, with significant backing coming from active token investors such as TaaS Fund, Tech Squared, Aurora Partners, Arabian Chain, among others. After moving your tokens, you do not need to take any additional steps, and you will receive SLICE tokens. There have already been several high-value ICOs this year, with this week also seeing blockchain technology developer Mobius closing its pre-ICO on $30m. There are currently 0 Jibrel Network coins circulating out of a max supply of 200,000,000.

Some holders still have their tokens in Bibox and HitBTC, both exchanges that will not support the migration. We urge all holders who still have JNT in those exchanges to remove them as soon as possible to either Gate, Bittrex, or your personal Ethereum address. If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact with detailed information. We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.

Each of these sites featured an Ethereum address that was owned by the scammers. That unwitting investors would buy what they thought were JNT tokens, allowing them to make off with the funds and take that investment away from Jibrel. BitDegree aims to uncover, simplify & share Web3 & cryptocurrency education with the masses. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place.

They are standardized and publicly available for informational purposes, serving as a convenient tool for developers who want to experiment with DIA’s price feeds.However, the true value lies in DIA’s custom feeds. When users require a tailored configuration for a specific feed, DIA can build a dedicated API price feed to meet their needs. These custom feeds offer flexibility in terms of sources, methodologies, and update mechanisms, empowering users with greater control and accuracy in their data consumption.The use cases for DIA’s API are vast within the blockchain ecosystem. While the free endpoints serve as a starting point for jibrel network token developers, the custom feeds offer enhanced customization and precision. This enables users to harness the power of DIA’s APIs in a multitude of innovative ways within the blockchain ecosystem. The availability of both free and custom feeds allows users to experiment, while also catering to specific requirements for a more tailored data experience.

Whilst other players have looked to connect the traditional and crypto-economies, none have successfully introduced a comprehensive or holistic solution like Jibrel’s due to their inability to develop an institutional-grade platform. The leadership team has leveraged their combined thirty plus years’ experience in working with financial securities for leading management consultancies, Deloitte, PwC and Oliver Wyman to build the platform. With the excitement that seems to follow every blockchain and cryptocurrency project right now, blockchain startups (and crypto-rich individuals) are being targeted daily by scammers trying to divert or steal Ethereum, Bitcoin, Litecoin, and more.

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