Jincor - Wholesome, Secure, Compliant and Breezy to Use Platform Based

What is Jincor

Jincor is a wholesome, secure, compliant and breezy to use platform based on Jincor Private Blockchain, that will allow any business to work with smart contracts and cryptocurrency payments easily with no legal, technical or operational complications and in a cost-efficient manner.

It will let companies use all the benefits of blockchain-based technologies without having to develop and implement them on their own. With Jincor, managers and employees will be able to execute cryptocurrency transactions in various Blockchain’s in a fully transparent way and meeting all the compliance requirements, as well as to carry out any corporate relations by creating smart contracts, which will be written to a private blockchain based on Hyperledger technologies.

Goal

Overall, our goal is to build a private blockchain and the platform that will make it possible even for smart enough (tech-savvy, heavy iPad user) 5-year-old kid to register in Jincor ecosystem, initiate the smart contract and pay to a supplier. And that's all in a very userfriendly, compliant and legal way. In our opinion, this will lead to a complete changeover in the corporate interactions model, which will eliminate injustice, flaws on business commitments human mistakes factor and make businesses (including small) from all around the world much closer to blockchain technologies and vice versa.

Overall Structure

Jincor ecosystem is a combination of decentralized (dApp) and classic web applications that let anyone create organizations and manage them on private blockchain based on Hyperledger technologies without any technical insight. Jincor plan to provide all the functionality that one might need while doing business, including instruments for effective management companies and employees, bills in cryptocurrency, crypto payments, and smart-contracts templates. On top of that, third-party corporate applications can be connected to the Jincor ecosystem in "single-screen mode". More info about technical details you can find in our Technical Paper. Thus, here we will try to extremely simple describe the mechanisms of work our applications and modules.

JCR Token

Jincor Private Blockchain is a permissioned distributed ledger based on PBFT consensus algorithm (more read in our Technical Paper), on which creation and execution of smartcontracts require transactions fees paid in JCR tokens.

JCR is the native blockchain token for Jincor protocol. Similarly to Ethereum’s Ether, it will be a store of value, the sole means of paying transaction fees, and the mean of fueling smart contracts.

JCR Token Distribution :

To facilitate the development of the platform, reach breakeven and get to the major global markets as soon as possible we are running an ICO campaign. Tokens distribution will be happening in 2 stages as described below:

1) During the ICO Jincor will distribute ERC20 Token Standard JCR tokens developed on Ethereum blockchain. Those will be generated and distributed to all contributors as a placeholder tokens.

2) After the full release of Jincor Private Blockchain JCR (ERC20) tokens will give its holders unconditional right to receive the same amount of JCR tokens in Jincor Blockchain. All exchanged ERC20 tokens will be destroyed.

Jincor will issue 35 000 000 JCR tokens, 76% of which (26 600 000 JCRs) will be put on sale.

The base ICO cost of JCR tokens is $1. After the crowdsale, we expect that the value and price of tokens will be growing due to the fixed total token supply (35 000 000 JCR or less, no further emissions) combined with growing demand for JCR tokens from Jincor's corporate users.

Registering at Jincor.com and evaluating the advantages of Jincor’s ecosystem is free of charge for any business. However, if companies want to use digital verification, smart contracts, arbitrage system and other features of the platform, they will be charged in JCR tokens.

Rates for Jincor services will be valued in JCR tokens and will be dynamically changing based on current token conversion rates so that users will be charged with a fixed fiat value that is unaffected by JCR price fluctuations, which is crucial for businesses budget planning.

Jincor customers will be able to buy JCR tokens either on our partner exchanges or directly from Jincor by making a direct request, specifying the number of tokens needed. Upon receiving a request, Jincor's customer support purchases JCR tokens on cryptocurrency exchanges and resell it within the platform, no commission added.

In case there's no sufficient amount of JCRs available on the exchanges, reserve fund tokens are used to cover customers needs. Reserve fund initially formed from JCR tokens allocated for Jincor team (12% of the total emission - 4 200 000 JCR), until the required number of tokens is available to be purchased on cryptocurrency exchanges.

JCR tokens will be listed on major cryptocurrency exchanges by the end of lock-up period. A lock-up period is 45 days since the last day of the ICO. This timeframe can be extended in case of force majeure if it becomes necessary to obtain additional financial licenses.

ICO Structure

Jincor will issue a total of 35,000,000 JCR ERC20 tokens, 4% of which was sold during preICO, and 76% will be put on sale at a starting price of $1 during the ICO, which will start on December, 1st. The remaining 20% will be distributed among bug bounty participants, Escrow & Advisors and Jincor team — for further development and research

Crowdsale

Jincor’s ICO at a glance.

To fully unleash the potential of Jincor ecosystem, get a critical mass of businesses involved and reach more global markets as soon as possible, we are going to raise extra funding by running an ICO campaign. We have issued 35,000,000 JCR tokens, 4% of which were sold at pre-ICO in August, and 76% will be put on sale during ICO in December at a starting price of $1. Thus, the total amount of money we are planning to raise comes to $27M. JCR tokens will play an integral part in Jincor’s business model and act as a native currency for all the services provided by the platform.

Token : JCR (ERC20)

Platform : Ethereum

Total supply : 35M JCR

Hard cap : $26.6M

Soft cap : $2.5M

ICO timeframe : Dec, 1 - Jan, 31

Team