Jury.Online (JOT) is a blockchain platform aggregating only chosen ICOs for investments attraction. This is an arbitration project which follows the principle of “responsible ICO”.
The platform is developed to settle the disputes related to deals and investing, to protect potential investors and to make the process of investing in ICOs safe and transparent. The open protocol is based on Ethereum and the platform can be integrated in different services like online stores and markets, freelance marketplaces and so on.
This is how Jury.Online implements their main idea: after the end of ICO, raised funds are controlled by investors through the arbitrage and smart-contract mechanism. The funds given by investors to the projects are kept within the Jury.Online platform with the help of its smart contract. They are given to ICO organizers partly and periodically for certain stages of the project’s roadmap.
Nowadays, according to statistics about 90% of ICOs are the scam ones. So Jury.Online platform is established for investors to simplify and secure the choice of the ICO they want to invest.
In the normal case, a company receives all the invested funds from the token sales at once and then it either moves according to the project’s roadmap or disappears with all the investments. But providing ICO through the Jury.Online platform companies that want to attract the investments to their projects must follow their roadmaps. They manage ICO and funds raised during their campaigns are held on the account with a special smart contract. The funds of the account controlled by the smart-contract can not be withdrawn without completing the roadmap stages. The token issuer company gets the investments periodically for every stage of the roadmap if it finished the previous stage in time. In the case of non-compliance with obligations described in the roadmap, investors have a right to appeal to the project’s Arbitrators. Arbitrators examine the investors’ complaints and the ICO organizers’ excuses and if they find any violations by the token issuers they provide a voting. When Arbitrators agree with investors’ complaints the funds are returned to investors automatically. Such an approach aims to resist the scam ICO tendency and crypto market manipulations and assure people who want to develop blockchain technologies investing in them.
This system has a number of remarkable advantages. At first, scam companies will not apply for managing their ICO campaigns with the help of Jury.Online project because they know that they will not receive most of the funds failing the roadmap. Also, investors can return most of their funds if the companies they invested in didn’t fulfill all the obligations. And what is also important, investors can save plenty of time they always spend analysing ICOs to invest as all the projects on Jury.Online platform go through strict moderation and only responsible projects would apply for participation.
Development of projects like Jury.Online could be expected at some point because of a huge number of scam ICO projects emerging these days. With the help of sufficient promotion and advertisement among the investors, Jury.Online can provide a real revolution in the sphere of ICO bringing it to a brand new level. In this case, ICOs that do not participate in such control systems like Jury.Online will have the image of scammers because of their refusal to control their obligations fulfillment.
Jury.Online would have the commission of 1% from the projects investments in Ethereum or 0.5% commission from investments in JOT. This system would create the demand for the JOT token.
The Arbitrators are strictly selected by the Jury.Online team and they are paid in JOT tokens (even if the project they supervised didn’t have any confuses).
One more important thing is official release of the user’s interface (Model-View-Presenter) which is available both for testing in the gaming mode and for full working process for investors and project’s ICO in alpha-version with the investments up from 5 ETH.
Krypton.Capital - one of the leading foundations in early investments in promising blockchain projects has already managed to support Jury.Online. Russian branch of this foundation started the technical support of the project and financing the developers’ work as they found blockchain arbitrage system very perspective.
Jury.Online team emphasizes that systematic and controlled by investors project development will increase the demand for the JOT token. In this case, the profitability of the Jury.Online assets has great chances to rise because its strategy is focused on making the ICOs safe and secure.
The platform developers mention another factor of growth - uniqueness of blockchain-arbitrage conception. This system can be exported in other blockchain ecosystems and marketplaces.
The next aim of Jury.Online project is to occupy the niche of global arbitrage with their own quality standard «Protected by Jury.Online».