The decoupling of crypto-currencies from other financial markets might have been one of the more attractive features in the early days. As the volume of serious crypto investors has exploded however, and their sophistication has grown, there is a growing need for access to a broad spectrum of financial products in the crypto framework. Jibrel Network have developed the protocols to onboard any financial products, even commodities, for on-chain transaction.

As investments in crypto-currencies have grown, so has the need to hedge these investments. This requires access to financial market products using crypto currency as a means of exchange. Jibrel Network’s system of CryDB smart contracts and JNT tokens provides the infrastructure needed to make this a reality. If successful, it can also serve as a platform for crypto-based financial trading in the future.

Jibrel Network How It Works…

Jibrel Network will set up an off-chain guarantor to hold financial assets, called Jibrel Decentral Bank (JDB). For each asset held, it will issue a smart contract called a Crypto Depository Receipt (CryDR). These CryDRs will be tethered to the Ethereum blockchain. Together this will ensure that each CryDR is fully backed by the underlying asset.

Initially Jibrel Network will facilitate trading in 6 currencies (USD, EUR, GBP, RUB, CNY and AED) and two money market products (US Treasury Bills and Zero-coupon Certificates of Deposit). In order to expand to more complicated financial instruments, they are implementing an infrastructure that enables it to comply with both international and local regulations even when they change. This infrastructure rests on two pillars.

The first is a set of Asset Portals in any regulatory market they wish to expand to. This will consist of brokerage capabilities and money transmitting licenses required to hold the assets with full regulatory compliance. This will allow JDB to issue the corresponding CryDR and anchor it to the Ethereum blockchain.

In the future individual financial institutions will be able to issue their own CryDRs backed by any asset they choose.

In order to stay compliant with KYC/AML laws, especially when underlying regulations change, Jibrel Networks have developed a system of smart contracts that allows them to change the regulatory meaning of the CryDR without changing the contract itself. They do this by deconstructing the system into multiple sophisticated smart contracts that interact with one another. The CryDR issued for an underlying asset combines with a smartcontract governing the rules for the asset, to give the user the CryDR View. This smart contract will be ERC-20 compliant to allow interaction with as many platforms and wallets as possible.

Valuable Information

Coin Name : Jibrel Network (JNT)

Total Supply : 200,000,000 JNT

Market Cap : — US$ 30,000,000

Pre Ico Price : — 1JNT = 0.25 USD

Ico Price : — 1JNT = 0.25 USD

Tokens/Money Raised Through ICO : — 20,000,000 JNT OF 200,000,000 JNT (10%)

What are Jibrel Network Tokens (JNT) Suitable For?

As the CryDR smart contracts need to be tethered to the underlying asset, they are not suitable for executing trades in. Instead JTNs will be issued to facilitate the transaction of the contracts. JTNs will be listed on all ERC-20 compatible exchanges, thus acting as the gateway to fiat currency.

Issuing their own crypto-currency will make it easier to move to a dedicated blockchain in the future, and to develop a range of online services. As the smart contracts are 100% backed by assets, they lend themselves to cross-border transactions for example, which would be fueled by JTNs.

In a future where financial institutions issue their own CryDR’s for assets they are making available for crypto trading, the platform Jibrel Network has built will be the bridge linking crypto investments to the rest of the financial world.

Social Media links

Facebook

URL : https://www.facebook.com/jibrelnetwork/

Likes : 5,381 likes and 5,500 followers

Twitter

URL : https://twitter.com/JibrelNetwork

Followers : 4340 followers

Discussion

Kakao Talk

URL: https://open.kakao.com/o/gJDnwxB

Staff / Team Info :

Name : Don Tapscott

Title : Strategy Advisor

CEO of Tapscott Group

LinkedIn : https://www.linkedin.com/in/dontapscott

Extra Links : — https://en.wikipedia.org/wiki/Don_Tapscott

Name : Ruslan Gavrilyuk

Title : CryptoFinance Advisor

CEO & Founder of TaaS Fund

LinkedIn : https://www.linkedin.com/in/ruslan-gavrilyuk

Name : Abbas Zuaiter

Title : Capital Markets Advisor

Former COO Soros Fund

LinkedIn : https://www.linkedin.com/in/abbas-f-eddy-zuaiter-51832a9

Extra Links : — https://www.bloomberg.com/research/stocks/private/person.asp?personId=35907985&privcapId=118300828

Name : Saul Hudson

Title : Communications Advisor

GM at Thomson Reuters

LinkedIn : https://www.linkedin.com/in/saul-hudson-2ab9228

Name : Mohammad Al Sehli

Title : MENA Advisor

CEO & Founder of Arabian Chain

LinkedIn : https://www.linkedin.com/in/mohammed-alsehli-7520a626

Name : Dr. Moe Levin

Title : Public Sector Advisor

CEO of Keynote

LinkedIn : https://www.linkedin.com/in/moelevin

Name : Yazan Barghuthi

Title : Project Lead (Co-founder)

LinkedIn : https://www.linkedin.com/in/yazanbarghuthi

Extra Links : — https://jibrelnetwork.slack.com/messages/@yazan

Name : Victor Mezrin

Title : Technical Lead (Co-founder)

Extra Links : — https://github.com/mezrin

https://jibrelnetwork.slack.com/messages/@victor

Name : Talal Tabbaa

Title : BizDev Lead (Co-founder)

Regional Head, Europe

LinkedIn : https://www.linkedin.com/in/talaltabbaa

Extra Links : — https://jibrelnetwork.slack.com/messages/@talal.io

Name : Nick Marinin

Title : Developer (UX/UI)

LinkedIn : — https://www.linkedin.com/in/nmarinin

Extra Links : — https://jibrelnetwork.slack.com/messages/@marinin

Name : Hamzeh Kolaghassi

Title : Operations

LinkedIn : — https://www.linkedin.com/in/hamzeh-kolaghassi-61505131

Extra Links : — https://jibrelnetwork.slack.com/messages/@hamzeh

Name : Aleksey Selikhov

Title : Developer (Back-end)

LinkedIn : https://www.linkedin.com/in/alexey-selikhov-341473b6

Extra Links : — https://jibrelnetwork.slack.com/messages/@aleksey

Name : Ivan Violentov

Title : Developer (Front-end)

Partnerships & Strategic Alliances

LinkedIn : — https://www.linkedin.com/in/ivanviolentov

Extra Links : — https://jibrelnetwork.slack.com/messages/@ivanviolentov

Name : Anna Bordunova

Title : Public Relations

LinkedIn : — https://www.linkedin.com/in/anna-bordunova-54002467

Name : Rust Khusyainov

Title : Illustrator

Extra Links : — rustam.khusyainov@jibrel.network

Name : Evgeny Erohin

Title : Developer (Front-end)

Extra Links : — https://jibrelnetwork.slack.com/messages/@evgeny.erohin

Name : Yuriy Homyakov

Title : Developer (Back-end)

LinkedIn : — https://www.linkedin.com/in/yuriy-khomyakov-5203a26a

Extra Links : — https://jibrelnetwork.slack.com/messages/@yuriy

Name : Nikita Shchipanov

Title : Web Analyst

LinkedIn : — https://www.linkedin.com/in/nikitschip

Extra Links : — https://jibrel.network/nikita.shchipanov@jibrel.network