Tokenize Everything

Jibrel provides traditional financial assets,
as ERC-20 tokens, on the Ethereum blockchain

Learn more

Our token pre-sale starts on September 25th, 2017 at 12:00PM GMT

About the Jibrel Network

What is the Jibrel Network?

The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain.

What are CryDRs?

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).

What can CryDRs be used for?

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.

What is Smart Regulation?

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.

What is jCash?

jCash is the first roll-out of currencies. USD, GBP, EUR, RUB, AED, CNY CryDRs will be made available.

How can I purchase CryDRs?

CryDRs can be purchased from the Jibrel DAO using Jibrel Network Token (JNT).

Roadmap

May, 2017

Ropsten Alpha

The Jibrel Network Limited Alpha goes live on Ropsten

September, 2017

jWallet Release

The official CryDR wallet is released under an open-source license for community use

Jibrel Network Token (JNT) Pre-sale

Jibrel Network Token offered at a discounted price

November, 2017

jCash Launch / Public Sale

Jibrel Network launches an additional five fiat currencies at the jCash launch

Jibrel Network Token offered publically

Q1 2018

CryDR Explorer

A dedicated CryDR block explorer is released to facilitate closer / more detailed tracking of CryDRs on the network

Q3 2018

Institutional Grade Banking Platform

An institutional-grade solution for banking and other financial institutions to directly tokenize and transact with their own off-chain assets

Q4 2018

Jibrel DAO / Full Decentralization

Jibrel DAO is launched and the network begins full decentralization (Project Pinocchio)

Jibrel Network Token

July 25 — Aug 25

Angel round
USD 0.15

Sept 25 — Oct 25

Public Pre-Sale
USD 0.20 — 0.225

November 27th

Network Launch
USD 0.25 +
Angel Round
10%
20,000,000 JNT
Public Pre-sale
20%
40,000,000 JNT
Network Launch
40%
80,000,000 JNT
Team
15%
30,000,000 JNT
Advisors and Partners
10%
20,000,000 JNT
Bounties
5%
10,000,000 JNT

Frequently Asked Questions

What is the Jibrel Network?

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.

Who is the Jibrel Network?

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.

What problems does the Jibrel Network aim to solve?

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).

What are 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.

What CryDRs will be available?

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.

What is the Jibrel DAO?

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.

What is Smart Regulation?

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.

How does Smart Regulation work?

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.

How does an investor tokenize a financial asset?

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.

How do users transact with tokenized assets?

Tokenized assets are standard ERC-20 tokens. Any ERC-20 wallet can be used to send, receive or exchange CryDRs.

What is on-chain / off-chain arbitrage?

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.

What is Jibrel Network Token (JNT)?

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.

Why is a dedicated token needed as opposed to ETH or BTC?

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.

How is Jibrel Network Token consumed?

Jibrel Network Token is primarily consumed through CryDR purchases with the Jibrel DAO. In addition, CryDR transfers consume JNT in the form of jGas.

Will Jibrel Network Token be listed on exchanges?

Jibrel intends to list JNT on numerous exchanges within 90 days of public sale close.

When is the token presale?

The token pre-sale will start on September 25th, 2017 at 12:00PM GMT and will be open for 30 days.

What currencies are accepted?

ETH, BTC and select Fiat currencies.

What advantages are there for participating in the pre-sale?

Jibrel Network Token (JNT) will be offered at a discounted price of US$ 0.20 (vs. public sale price of US$0.25).

How do I participate in the pre-sale?

Instructions on how to participate, including completing the pre-sale form will be made available when the pre-sale opens.

Can anyone participate in the token pre-sale?

The pre-sale is not open to residents or citizens of the US, Singapore or China.

When is the token sale?

The token sale will start on November 27th, 2017 at 12:00PM GMT.

What currencies are accepted?

ETH and BTC.

What will the token price be?

Jibrel Network Token (JNT) will be offered at US$ 0.25.

How do I participate in the token sale?

Instructions on how to participate in the token sale will be released when the token sale opens.

Can anyone participate in the token sale?

The public sale is not open to residents or citizens of the US, Singapore or China.

What will funds be used for?

10% of proceeds will go towards development, marketing and legal, with the remaining 90% used to mint the first batch of fiat CryDRs - jCash. For a more detailed budget breakdown, please see our bitcointalk announcement.

Our Advisors

Don Tapscott

Strategy Advisor
CEO of Tapscott Group

Ruslan Gavrilyuk

CryptoFinance Advisor
CEO & Founder of TaaS Fund

Stephen Murphy

FinTech Advisor
CEO of Genesis Global Tech

Saul Hudson

Communications Advisor
GM at Thomson Reuters

Mohammad Al Sehli

MENA Advisor
CEO & Founder of Arabian Chain

Moe Levin

Community Engagement Advisor
CEO of Keynote

Our Team

Yazan Barghuthi

Project Lead (Co-founder)

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 (Co-founder)

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

BizDev Lead (Co-founder)

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.

Nick Marinin

Developer (UX/UI)

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.

Jad Hindy

Marketing

Jad is a seasoned executive with over 20 years of experience in marketing, communication and brand building and has worked with some of the biggest multi-nationals (P&G, Virgin Mobile, Red Bull, Unilever).

Aleksey Selikhov

Developer (Back-end)

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 (Front-end)

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.

Anna Bordunova

PR

Anna is media and communications practitioner with 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.