Jury.Online - platform for responsible ICO
Jury.Online is a platform for safe investments in responsible ICO projects. The distribution of collected funds and project tokens via the Jury.Online platform is tied to the results of each stage of the project development with the involvement of arbitrators from the side whose decision will determine whether to proceed to a new stage or return the funds to the investor. The ICO market is growing and Jury Online is trying to meet the growing demand for financial security ICO. Jury online is not only a solution to the problem for trading platforms, it represents value to its clients in the form of providing independent arbitration.
Project Type: ESCROW
Price: 1 JOT = 0.00056, or about 0.5 USD
Time: ICO will be held from February 12, 2018 to March 14, 2018
Minimum capitalization: $ 3,000,000
Maximum capitalization: $ 6,000,000
The maximum volume of JOTs issued is 30,000,000
Token distribution: 20% of tokens will be assigned to the team, they will be frozen for the next 6 months and each next month will be unlocked at 10%.
Benefits:
Competent management;
A growing number of arbitrators. At the moment they have Alban Dautazh, who has experience in the legal field;
Transparent business model: Jury Online charges a commission for its services, which can be paid either in ETH or in JOT (Jury Online Token). The JOT commission is fixed and amounts to 0.5% of the total amount collected by the platform, calculated at market value, while the commission in ETH increases with the increase in the number of projects using Jury.Online;
The platform solves the existing problem in the market;
In the first 48 hours of ICO, the discount is 10%, in the next 48 hours - 5%;
The Jury Online development plan is understandable and contains enough details.
Based on theoretical calculations, one hour of work of one arbitrator can cost more than $ 100 per hour. This is an excellent opportunity to create an additional source of income.
The project is in the process of negotiating with the Russian government. Since the Russian government is working on the regulation of the ICO, Jury may in the long term become one of the mediators;
JOT is an auxiliary coin necessary for carrying out actions within the platform and it is very unlikely that it will be treated as security-backed securities;
Jury.Online was recommended by the law firm Bright Law Firm for issues related to the conduct of the ICO, including taxation, anti-money laundering and anti-money laundering policies, coin structure, and legal evaluation on the project website;
The company is registered in Tallinn, Estonia - a country that is friendly to crypto-currencies;
With the approaching regulatory measures on the market, ESCROW services will be used more often.
Disadvantages:
The market is not mature enough and investors will still invest in various projects, regardless of whether they have ESCROW;
Competitive niche in the market - there are still ESCROW services integrated into ICO platforms, such as Kick ICO, or, for example, Descrow;
Business concept and idea can be easily copied by competitors.
This team is not sufficiently international for such a global project. In my opinion, this could have a negative impact on the expansion of the scope of the project, while Jury Online will try to diversify its team.
At the moment, the project does not have enough fame, and it will require additional marketing to look better against the background of competitors.
In Conclusion: this is a good project for the growing market of ICO market. Thousands of ICO participants will try to protect themselves from deception and Jury.Online can help them solve this problem. Unfortunately, the project is not yet known enough and it has many competitors in this niche in the market. On the other hand, we have a transparent business model, a good coin economy, a low price, an attractive bonus at the ICO stage and a strong legal background. I will add Jury Token to my portfolio, as in the near future the demand for services provided by projects like Jury.Online can grow significantly, with the process of market maturation.