Today we will talk about the Jury.Online project
This project allows investors not to be afraid for their money, as 99.5% of the invested funds can be returned to investors in case of "rejection" of the project by the arbitrators.
Who are the arbitrators?
The first and, perhaps, one of the significant features of the Jury.Online project is the system of arbitrators. As mentioned above, the cryptocurrency is a very difficult market for investing, and if you want to be afloat in this market you need a person who will help you choose the right path. The arbitrator is just such a person.
The arbitrator is an independent expert who is in charge of conducting an ICO and verifies that all conditions declared by the companies conducting ICO have been fully implemented. If these conditions are not met then the arbitrator may take a negative decision on the release of this ICO into the light. Thus, as mentioned above, investors' money will be returned to them in full.
This model of ICO makes it more transparent and allows you to reduce the risks of participating in a low-quality ICO.
What is the role of blockchain?
The Jury.Online project will involve a system of smart-contracts that will serve as a sort of protective mechanism for investors. If the arbitrators make a negative decision to launch the project the money will be returned to investors and in case of a positive decision the money will be directed to the development of the ICO. And the most interesting and noteworthy is that the money for the ICO will not be issued in full, but partly following the road map. That is, if for the third quarter of 2018 the development of a mobile application is planned and a specific amount is claimed, then Jury Online will be given only those funds that the ICO project team stated. Such a system gives full transparency to investors who can see at what time period and what their money can go to.
What are JOT tokens for?
Jury.Online, like all cryptocurrency projects, has its own tokens. Based on the ERC-20 protocol, JOT tokens were created which will serve as a kind of fuel for the project ecosystem. We all perfectly understand that Jury.Online will not work for free either. They will take a commission for placing the project on their platform. Just at that moment, to help ICO projects, a JOT token comes which will serve as a discount to enter the platform.
While Jury.Online is just beginning its development the initial commission for the first 10 projects will be 1% of the investment amount, however, the more popular Jury.Online will be, the more the commission will become. The JOT Token is exactly designed to solve this problem and reduce the commission for entry up to 0.5%.
It's not hard to guess that in such a tricky way the Jury.Online team killed two birds with one stone. If the ICO project that enters the Jury.Online platform wants to reduce the commission it will have to purchase a JOT token, therefore, with the growth of ICO projects on the Jury.Online platform the number of JOT tokens will decrease and, as we know, the fewer tokens - the more price. Thus Jury.Online helps ICO projects reducing the commission for entry, as well as buyers of JOT tokens allowing in the long term to have good dividends from their investments.
Summarizing the review of the Jury.Online project, it is worth noting that the projects related to the selection of the best ICO will be a great success. Many investors want to simply invest in cryptocurrency and keep it for the long term without fear of losing their money. Just Jury.Online is a great solution for your quiet sleep.
To learn more about the details of this project, as well as to participate in the purchase of platform tokens, visit the official website https://jury.online/ and read the whitepaper: https://jury.online/static/documents/whitepaper.pdf