What is Jur?
Jur is a decentralized ecosystem that seeks to solve the justice gap by providing access to professional and small and medium enterprises through a legally binding dispute resolution process. The platform is aimed at making justice accessible to all by leveraging the potential of blockchain technology.
Jur leverages the VeChainThor blockchain and has its native utility token called JUR (VIP-180). The token is used for staking of the hubs providing dispute resolution services, payment for accessing services, and voting. JUR is an ERC-20 token and is compatible with all wallets that support the Ethereum blockchain.
The JUR token was launched on August 28, 2019, through an initial exchange offering (IEO) on the OceanEx exchange. The token has a total supply of 1 billion JUR tokens created at genesis. Of this, 10% of the tokens were sold in the initial private sale, 10% of the tokens were distributed in the public sale related to the IEO, 10% are reserved for the team, 30% is reserved to support operations and tech development, 20% is reserved for business development activities, and 20% is the company reserve.
Jur was founded by Alessandro Palombo, a lawyer and PhD in Public Law and Master in Regulation of Global Markets, and Luca Y. Daniel, a tech entrepreneur who previously built Aguadulce, a Wired-featured digital agency. The team includes a core team of professionals, a network of advisors led by Mark OBE Beer, and a Scientific Committee that supports the legal framework behind the project, featuring the ex Vice President of the European Parliament, Ms. Diana Wallis.
Jur's approach to bridging the justice gap is simple yet innovative. The platform leverages blockchain technology to create a decentralized ecosystem that offers dispute resolution services to professional and small and medium enterprises. The platform's dispute resolution process is legally binding in 166 countries worldwide, making it a globally recognized and trusted platform.
Jur provides a range of dispute resolution services, including mediation, arbitration, and litigation. The platform's dispute resolution services are designed to be cost-effective, efficient, and accessible to all. Jur's dispute resolution process is based on the principles of fairness, impartiality, and transparency, ensuring that all parties have an equal opportunity to present their case.
Jur's dispute resolution services are supported by a network of hubs that provide the platform's dispute resolution services. These hubs are made up of legal professionals and experts in various fields, ensuring that the platform's dispute resolution services are of the highest quality.
The JUR token plays a critical role in the Jur ecosystem. The token is used for staking of the hubs providing dispute resolution services, payment for accessing services, and voting. The token's staking mechanism is designed to ensure that the platform's hubs provide high-quality dispute resolution services. Hub operators stake a certain number of JUR tokens to become a part of the platform's dispute resolution services. The more JUR tokens they stake, the higher their chances of being selected to provide dispute resolution services.
The JUR token is also used as payment for accessing the platform's dispute resolution services. Users can use the token to pay for mediation, arbitration, and litigation services. The use of JUR tokens as payment ensures that the platform's dispute resolution services are cost-effective and accessible to all.
The JUR token is also used for voting on the platform. Users can use the token to vote on various platform-related decisions, including the selection of new hubs and the addition of new dispute resolution services.
Jur is a decentralized ecosystem that seeks to bridge the justice gap by providing access to professional dispute resolution services for small and medium enterprises globally. The platform utilizes VeChainThor blockchain technology, with JUR tokens serving as the native utility token used for staking, payment, and voting. As Jur continues to develop and expand its network, it is worth keeping an eye on how the platform's innovative approach to justice can help transform access to legal services for SMEs around the world.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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