Ana Sullivan

Jibrel Network (JNT Token) with Market Capitalization of $53,157,450 USD

by Ana Sullivan May 11, 2018

The idea behind the Jibrel Network (JNT token) is to provide traditional financial assets, such as currencies, bonds, commodities and securities, as standard ERC-20 tokens on the Ethereum blockchain. In the long term, the platform should be fully automatic in decentralizing consumer financial services. jCash is the first currency roll-out, with USD, GBP, EUR, RUB, AED, and CNY CryDRs to be made available soon.

 

Jibrel Network Market Capitalization

The market capitalization of Jibrel network is $53,157,450 USD, with a circulating supply of 150,000,000 JNT and a total supply of 200,000,000 JNT.

For those interested to invest, the JNT token is currently $0.354383 USD and can be purchased on several cryptocurrency exchanges such as Gate.io, Bibox, Coinrail, Kucoin, HitBTC, and IDEX.

The token has been trading 11.70% lower than the USD, but hopefully it will go up shortly. In addition, the current value of the JNT token has decreased since its all-time-high of $0.63 USD which is another reminder of the volatile character of the cryptocurrency market.

More about the Jibrel Network

Problems that should be solved by Jibrel Network

It is interesting to note that one of the problems the networks aims to address is precisely the volatility of cryptocurrency:

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.

The platform aims to eliminate several problems plaguing the traditional financial services by introducing the blockchain. More specifically, with the help of fiat tokens users can store, send and receive value in their local currency with near-zero fees.On top of that, decentralized organizations and funds can diversify into traditional assets, using asset backed CryptoDepository Receipts (CryDRs), Jibrel Network’s website explains.

You can learn more about the technical specifications of the project from its whitepaper.

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