Introducing the jWallet
Massive for the crypto community,
revolutionary for everyone else.
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 Tokens or JNT (e.g. a USD CryDR holds 1 dollar’s 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 currency roll-out. USD, GBP, EUR, RUB, AED, and CNY CryDRs will be made available.
CryDRs can be purchased from the Jibrel DAO using the Jibrel Network Token (JNT).
Jibrel provides stable coins representing real world value on the Ethereum blockchain. Using the 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.
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 financial services.
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 financial services 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 Tokens (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 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 rulebook 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 cryptocurrencies, 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.
The 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 Tokens are primarily consumed through CryDR purchases with the Jibrel DAO. In addition, CryDR transfers consume JNT in the form of jGas.
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’ 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 graphics and video editing.
Nikita has 5 years’ of experience in digital marketing and analytics. He specializes in сonfiguring analytics tools, user acquisition through paid channels and traffic quality analysis.
Aleksey has over 10 years’ experience as a DevOps Engineer and Systems Architect. He specializes in designing and developing high-load architectures. He is proficient in Linux, cloud and infrastructure solutions. He uses Python as his main work tool.