Rank 271

Jibrel Network

JNT

Avg. Price

$0.046639 USD

24hr change

0.94%

JNT/USD Calculator

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Market Cap / USD

$7,890,447

Circulating Supply

169,181,620

Volume 24hr / USD

$82,910

Total Supply

200,000,000

What is Jibrel Network?

  • Token

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. Jibrel provides stable coins representing real world value on the Ethereum blockchain. Using the Jibrel Decentral Bank (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. 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).

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