Jibrel provides traditional financial assets,
as ERC-20 tokens, on the Ethereum blockchain
Jibrel provides traditional financial assets,
as ERC-20 tokens, on the Ethereum blockchain
Our token sale starts on November 27, 2017 at 12:00PM GMT
If you have any questions, please contact us at [email protected]
The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain.
CryptoDepository Receipts or CryDRs are tokens representing a traditional financial asset’s value, denominated in Jibrel Network Token - JNT (e.g. a USD CryDR holds 1 dollar worth of JNT).
Fiat CryDRs can be used for remittances, global payments, trading and hedging. CryDRs can also be used to create automated and decentralized financial instruments - such as bonds, commodities, debt instruments and securities.
CryDRs have smart regulation built in, real-world rules and regulations translated into solidity code and deployed on the ethereum blockchain. Ensuring that while decentralized, CryDRs always follow real world rules and regulations.
jCash is the first roll-out of currencies. USD, GBP, EUR, RUB, AED, CNY CryDRs will be made available.
CryDRs can be purchased from the Jibrel DAO using Jibrel Network Token (JNT).
The Jibrel Network Limited Alpha goes live on Ropsten
Jibrel Network Token offered at a discounted price
The official CryDR wallet is released under an open-source license for community use
Jibrel Network launches an additional five fiat currencies at the jCash launch
Jibrel Network Token offered publically
A dedicated CryDR block explorer is released to facilitate closer / more detailed tracking of CryDRs on the network
An institutional-grade solution for banking and other financial institutions to directly tokenize and transact with their own off-chain assets
Jibrel DAO is launched and the network begins full decentralization (Project Pinocchio)
The token sale will take place between November 27th, 2017 - 12:00PM GMT and January 26th, 2017 - 12:00PM GMT.
ETH and BTC.
Jibrel Network Token (JNT) will be offered at US$ 0.25.
Yes, the minimum accepted investment is US$ 100.
The investment limit is US$ 850,000.
You can use any wallet that supports Ethereum ERC-20 tokens, particularly Ethereum Wallet, MIST, MyEtherScan etc.
We recommend to use web-wallet developed by Jibrel Network: https://jwallet.network.
Yes. The entire process is automated and should not take longer than ~4 minutes to complete.
No. Once your purchase is complete, you can increase your Jibrel Network Token allocation through the user portal on our token sale website https://sale.jibrel.network.
Immediately. Once your ETH or BTC transfer is complete (12 confirmations for ETH, 3 confirmations for BTC) you will immediately receive your JNT to the ETH address specified in your application.
Jibrel Network Token (JNT) will be publicly traded on at least five exchanges as soon as February 1st, 2018.
Due to legal restrictions, US, China and Singapore residents are forbidden from participating in the Jibrel Network Token sale.
Yes, the hardcap for sale is 115,000,000 Jibrel Network Token or US$ 28,750,000.
25% of proceeds will go towards building out the network (development, marketing and legal), with the remaining 75% used to mint the first batch of crypto-fiat tokens - jCash.
For a more detailed budget breakdown, please see this medium post https://medium.com.
- By the 25th of November you will receive email with the credentials for your personal account
- Open your personal account on https://sale.jibrel.network.
- System will ask you for ETH address which will receive your JNT tokens
Jibrel Network token cannot be refunded after a purchase is completed, but can be resold on exchanges starting February 1st, 2018.
You can meet us at one of the following events:
Blockchain for Wall Street, New York, Nov 14
Consensus: Invest, New York, Nov 28
Blockchain Opportunity Summit, New York, Dec 5
The Blockchain Event, Fort Lauderdale, Feb 15-16
Regtech MENA, Bahrain, Nov 21-22
Blockchain Summit Kyiv, Kiev, Ukraine, Nov 25
Inside Fintech, Seoul, Korea, Nov 30 - Dec 1
Jibrel provides stable coins representing real world value on the Ethereum blockchain. Using the Jibrel Decentral Bank (Jibrel DAO), you can exchange volatile ETH, BTC or other cryptocurrencies for stable tokens like jUSD, jEUR, jGBP, jKRW and others.
These stable tokens can be exchanged for the underlying value at any point in the future, regardless of the price of ETH or BTC at the time.
Jibrel Smart Contracts have been audited by our security partner, New Alchemy, the full Security Audit can be found here.
In addition, Jibrel financials are reviewed and audited by our financial transparency partner, PwC.
The Jibrel Network provides traditional financial assets, such as currencies, bonds, commodities and securities, as standard ERC-20 tokens on the ethereum blockchain.
In the longer-term, the Jibrel Network aims to fully automate and decentralize consumer banking.
The Jibrel Network is a Jibrel AG - Qubist Labs Inc initiative. Jibrel AG is registered in Zug, Switzerland. Qubist Labs Inc. is a blockchain development company based out of New York, US.
The team combines financial services experience with deep knowledge of blockchain and smart contract development.
By bringing traditional financial assets to the blockchain, problems plaguing traditional banking such as high fees and slow transfer times can be eliminated.
Using crypto-fiat tokens, users can store, send and receive value in their local currency with near-zero fees.
In addition, decentralized organizations and funds can diversify into traditional assets, using asset backed CryptoDepository Receipts (CryDRs).
Crypto Depository Receipts are smart contracts that represent the value of a real-world asset. Users can convert Jibrel Network Token (JNT) into CryDRs representing fiat currencies, commodities, bonds or even securities. CryDRs can be transferred to another individual or entity, who can redeem the token for the underlying value in JNT with the Jibrel DAO. CryDRs have smart regulation embedded, meaning all transactions are KYC / AML compliant.
At launch, the Jibrel Network will offer six fiat currencies - USD, CNY, EUR, GBP, RUB, AED. In the future, Jibrel will offer a wide range of currencies, commodities, securities and derivatives.
The Jibrel DAO or the Jibrel Decentral Bank is a decentralized entity that exchanges JNT for CryDRs. Users can either mint new CryDRs using JNT or redeem CryDRs for the underlying value in JNT.
CryDRs are governed by a set of rules deployed to the blockchain to ensure they are compliant with any relevant regulation based on asset class and jurisdiction.
Real-world rules are translated into solidity code which is deployed as a rule-book for CryDRs to follow on the ethereum blockchain.
Smart Regulation ensures that while CryDRs are decentralized, they always follow real-world regulation. Governance without governments.
Liquid assets are transferred to and held by the Jibrel AG Fund in Zug, Switzerland. Illiquid assets are securitized using JNT as the underlying currency. All transactions involving the tokenized asset are conducted using JNT.
Tokenized assets are standard ERC-20 tokens. Any ERC-20 wallet can be used to send, receive or exchange CryDRs.
Due to the volatility of crypto-currencies, primarily driven by speculation and liquidity bottlenecks, stable on-chain assets become especially valuable. If a traditional asset is tokenized successfully, and the community has a strong belief that this token is redeemable at any future date for the underlying asset, the value of the asset on-chain becomes more valuable than the original off-chain purchase price. This is due to the scarcity of stable assets on-chain. We call this on-chain / off-chain arbitrage.
Jibrel Network Token (JNT) is a virtual currency used to purchase / redeem CryDRs. In addition, any value exchange associated with the securitized off-chain assets are transacted using Jibrel Network Token. Finally, CryDR transfers consume small amounts of JNT in the form of jGas.
Given the extreme volatility of ETH and BTC, it would be difficult to hold liabilities in fiat currency (CryDRs) while holding volatile and uncorrelated crypto-assets. Using JNT, a closed system is established allowing for the system to self-balance. For more information, please read the full Jibrel Network Roadmap.
Jibrel Network Token is primarily consumed through CryDR purchases with the Jibrel DAO. In addition, CryDR transfers consume JNT in the form of jGas.
Jibrel intends to list JNT on numerous exchanges within 90 days of public sale close.
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.
Hamzeh has over 6 years’ financial experience at top private equity and financial consultancy firms such as Alcazar Capital and Ernst & Young. He is proficient in financial management and data analysis, with an emphasis on designing and implementing business strategies, plans and procedures.
Ivan has over 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.
Anna is media and communications practitioner over 5 years' of experience in journalism, PR and social media. Her expertise spans traditional, experiential & digital marketing – with an emphasis on comprehensive Internet presence management.
Rust has over 7 years' of experience in graphic design and illustration. He has created high quality content for clients across financial services, retail and sports. He specializes in raster and vector graphic and video editing.
Evgeny has over 10 years’ experience in web programming and project management. He is especially skilled at JS (React/Redux) and React Native. In addition to web and application development, Evgeny is also highly proficient at most front-end technologies, frameworks and libraries, such as recompose, lodash/fp, RSCSS, SASS, ESLint, Stylelint, Webpack, ES6 and JIRA.