ICO websiteWhite paper
Jury.Online ICO details
Start Date: 2018-2-12
End date: 2018-3-14
- Category: Business services, Legal, Platform
- Token: JOT
- Platform: Ethereum
- Initial price: 0.51 USD
- Accepting: BTC ETH LTC
- Soft cap: $3,000,000
- Hard cap: $6,000,000
Jury.Online is a revolutionary tool, which changes the interaction between investors and ICO projects once and for all.
No more promises. Instead: specific commitments by the ICO project and unconditional financing of the project if these commitments are met.
Jury.Online provides independent expert arbitration for fair resolution of any dispute between the parties.
The platform will:
- Increase the amount of investments in an ICO project by providing a clearcut mechanism for interaction between the parties
- Protect the interests and assets of the investor or group of investors if a project goes wrong
- Ensure unconditional execution by investors of their commitment to provide long-term financing, tied to the achievement of specific milestones in an ICO project
- Provide a simple and effective way of making a smart contract with one investor or a hundred investors
- Channel the expertise of highly qualified and independent specialists in finance, law, IT and blockchain, who will oversee the project from the time when financing is obtained.
How does it work in practice?
The basis of any project is an idea and the team which implements it. But even the best team will have trouble converting the best idea into a quality product or service without timely and adequate funding. Efficient interaction with an investor is the key to success.
- Where does a strategic investor, who is ready to provide long-term backing for an idea, find immunity to financial losses from unprincipled actions by the project team?
- How can a project be sure of receiving promised investments through the whole period agreed with the investor?
- How can the interests of investors who fund a project through an ICO be protected?
- How can a project make its ICO more attractive and secure for its investors?
All these questions have the same answer: use the Jury.Online platform
The technical infrastructure of Jury.Online systematizes the relationship between project and investor and puts the expertise of highly professional specialists in finance, law, IT and blockchain at the disposal of both sides. So potential problems due to misunderstanding between the parties during project implementation are minimized or eliminated.
Investing always carries the risk that the project may not live up to its development plan, and every project is exposed to the risk that an investor will fail to provide agreed financing at a crucial development stage.
The experts of Jury.Online act as a third, independent party in the relationship between project and investor. In the first place, they help to design a balanced “investment roadmap”, where each step forward in project implementation entails receipt of a portion of the total investment. So every new achievement of the project has its own price agreed in advance.
The agreed stages of project implementation, tied to specific events, are set out in a smart contract, based on which the investor deposits the entire amount of investments in ETH currency and the project deposits the respective number of tokens.
The project records completion of each stage and the investor and Jury.Online experts receive notification. Everything necessary to verify completion of the stage (technical, legal, financial and other documentation, statistical calculations, program codes, access to alpha/beta versions, databases, etc.) is stored in a closed part of the Jury.Online platform. The investor studies this information to obtain assurance that the stage has indeed been completed. A part of the sum in ETH is then automatically supplied to the project, and the corresponding number of tokens is supplied to the investor. The project proceeds to the next stage.
What happens if the investor does not verify a stage of project implementation? Jury.Online experts are automatically notified and immediately apply their skill to resolve the situation. If the parties cannot reach a consensus or do not want to negotiate, the experts act as arbitrators. They study all the materials provided, analyze their integrity, quality and agreement with the commitments assumed by the project. Each arbitrator makes his/her own judgment on the case and the final verdict is delivered by a majority of votes. The consequences of this verdict are:
- Return to the investor of the funds deposited for this stage; or
- Transfer of the appropriate portion of the investment sum to the project, if the stage has been completed satisfactorily; or
- Termination of the smart contract (if this possibility is stipulated by its terms and conditions) and return of the unused investments to the investor.
MEDIA ADVISOR, FOUNDER AND CEO OF FINANCE MAGNATES
Business Development Officer
FOUNDER & MAIN DEVELOPER
PresaleJury.Online collected 1552 ETH
Minimum cap is 3 mln $, maximum cap is 6 mln $
Listing On ExchangesAfter successful ICO we will be listed on a number of exchanges including but not limited to IDEX, Binance, Okex, YoBIT and Etherdelta
Non-Linear Milestone Funds Distribution With Weights. Platform Design (UI/UX)Implementation of funds distribution in linear milestones system according to the weights of the milestones’ goals with manual and automatic customization. Investors and projects will have the possibility to adjust the weights in funding and token distribution to customize personal InvestContracts. This will require a significant rebuild of existing smart contracts. UI and UX platform design and implementation of the Project, Arbiter, Investor profiles and Project marketplace.
Milestone Postpone And Reorganization Implementation As An Optional Feature. Implementation Of The Templates To The Platform Dashboard. Attraction Of Projects To The Platform.At the early stage of development, it’s hard to predict if all parts of functionality will remain viable and relevant in 3 or 6 months. Thus the option to reorganize and postpone milestones by mutual consent will be demanded. The platform dashboard will have the opportunity to automatically reflect any number of the simultaneous Projects setting the first stage of Project Marketplace implementation. Jury.Online will bring in at least 3 new Projects undergoing ICO in the nearest future who will be among the first partners of Jury.Online.
Research And Conceptual Design Of Non-Linear And Branched Weighted Milestones, Gain Of Relevant Experience.Secure Communication Between Investor And Project. Marketing Of The Project. Staffing.Initially, projects create linear roadmaps with every milestone being unlocked once the previous one is completed. This method doesn’t fit all projects, some of them need a more complex way of organizing milestones. For example, a project may present several steps (“levels”) with a number of milestones at each level and investors can choose one (or more) milestone from each level. Another possibility upon finishing a milestone, there are several options to be the next one each one having its weight of Token or Fund distribution set by mutual consent between an Investor and a Project in each single InvestContract. Jury.Online task is to analyze the relevant experience of the clients and partners and set the conceptual draft of this feature’ latter implementation. We will also implement secure channel of communication for better understanding of the mutual needs before investment stage. We will establish long-term relationships with a number of cryptoexchanges, marketing agencies, listing and rating companies for our partners to get the full advantage of Jury.Online platform. According to the research work Jury.Online will increase its staff by high-level professionals for better implementation of this feature.
Implementation Of The Complex And Branched Milestone Funds Distribution With Weights. Automated Multilingual Support Of Arbiters’ Communication.Basic functionality distributes investments proportionally to the milestones’ goals, but usually, investors are interested in some development stages more than in others. For example, one may want to have libraries for the most popular programming languages for product usage, while others may wish to have an appealing website which will attract customers. We want to give Investors more control and communication with Projects to have more options for all parties of InvestContract. Branched and complex weighted milestones will have more impact on further development and bring more responsibility to the Projects setting new standards of the ICO approach. We will add automated multilingual support of arbiters’ communication for Investors and Projects by implementing API of one of the global suppliers of CAT services.
Various Cryptocurrencies. Adding Premium Features To The Platform.Basic functionality can be used only with ETH investments, additional exchange module is going to be implemented for other cryptocurrencies including various ERC20 tokens. We will add a premium selection of the Projects, an independent rating system for them and a Project roadmap assessment.
Pools Of Arbiters. Adding Possibility To Set Own Pricing For Arbitration. Adding Pools Of Arbiters Of Third-Party Organizations. Ratings Of The Pools. Expert Advisory Board. Appeal System. Pools’ Categorization.Development of responsible ICO naturally leads to the implementing the general concept which can be used for deals of any subject. During the operation of responsible ICO Jury.Online stores a database of arbiters with their specializations which later will be utilized for dispute resolution of general-purpose deals. We will arrange a number of pools of Arbiters of third-party organizations representing real business and famous organizations to enhance Arbiters’ selection during ICOs. The rating system of the pools will be implemented together with pools categorization for better and more convenient approach to the investing via the platform. Experience of the previous month will help to develop appeal system that will be applicable for all types of controversial situations that may arise between Investor and Arbiter or Project and Arbiter.