Jury.Online - The Future of Dispute Resolution
Long live cryptocurrency!
Jury.online is a dispute resolution platform built on blockchain technology. The company’s pre-ICO starts in late October, with a general crowdsale taking place throughout November for JOT tokens.
Like other dispute resolution platforms, Jury.online is built with a simple goal in mind: it helps two disagreeing parties reach an agreement that’s acceptable to both sides.
To do that, Jury.online uses smart contract technology and a panel of independent jurors. Those jurors participate in the dispute resolution process, make a decision regarding the dispute, and that decision is recorded on the blockchain. The outcome is executed by the smart contract.
Uses For Jury.Online
Some of the potential uses for Jury.online include all of the following:
Escrow: Money is stored on a smart contract balance, with users having complete control of the transfer.
Customer Protection: Protected collateral in cryptocurrency ensures customers have unforgeable security.
Milestone Payments: Jury.online allows for the creation of complex deals where payments are broken into several instalments – say, for different stages of the project.
Dispute Resolution: Jurors have expertise in different fields so they can find out who is right and who is wrong.
International Business: Make deals worldwide in a secure way.
Jury.Online Features
Jury.online emphasizes all of the following features:
Blockchain-Agnostic:
Jury.online is an open source protocol that can be implemented into any blockchain with smart contract. The protocol works independently of any underlying blockchain technology.
Fair Trial And Anti-Corruption System:
Jury.online incorporates a range of anti-corruption systems. Jurors never know the verdict of other jurors – so they won’t be influenced by the decisions of others. Jurors also have a reputation system and economic incentives, which means they’re encouraged to investigate disputes fairly and correctly instead of randomly passing verdicts.
Jury Marketplace:
Jury.online creates a marketplace for jurors. Jurors can set their price and connect with people who need dispute resolution specialists.
Security:
Jury.online is based on a decentralized and secure operation built on blockchain technology.
Customized Judging:
Counterparties can pick jurors out of a pool that specializes in the specific field relevant to the deal.
Integration:
Jury.online offers easy connections with third parties, including online stores and freelance platforms.
The Jury.Online Crowdsale
The pre-ICO for JOT tokens begins on October 23 at 14:00 UTC, and lasts until November 3, 2017. A crowdsale will take place soon afterwards.
During the pre-ICO, you can purchase JOT tokens at a 30% discount (1 ETH = 300 JOT). There’s a minimum purchase amount during the crowdsale of 500 JOT.
There’s a total maximum supply of 30 million JOT tokens, with 20% of all tokens (4.2 million JOT) available during the pre-sale.
A total supply of 21 million JOT is available to the public, with 9 million JOT reserved for the creators of Jury.online.20% goes to the Jury.online online team, and will be blocked for 6 months. After that lockup period, 10% of the total amount blocked will be unblocked every month. An additional 7% will go to advisors and bounty programs and 3% as a stock of liquidity.
Look at this short video will enlighten you about Jury.Online
