Jibrel Project Update: Q2 2020

Moving to objective-driven community updates

With a much smaller team, updates are going to be lighter but much more focused. These quarterly posts will provide updates on the metrics, targets, and objectives, as well as set targets for the upcoming quarter. We’ll use Telegram to discuss updates and synthesize community feedback into future targets.

Q3 2020 Objectives

Our internal objective list is much more granular, if you’re interested in learning more about a specific objective and what sits under it, join the discussion on Telegram.

These objectives are unlikely to change significantly from quarter to quarter, but the underlying targets driving them will be adjusted as needed.

Note. We’ve had to omit certain objectives for regulatory reasons.

Jibrel Objectives — High-level Categories — Scores indicate percentage completion (out of 1)

In the sections below, we’ll discuss the major sub-objectives that need to get delivered in Q3 to get the project and token adoption on-track.

Note. These targets are meant to be ambitious and beyond reach. Moving the dial by 50–70% on these parameters by year-end will be sufficient to get Jibrel Network Token into the top-100 ETH tokens list.

Target A1.1 — Launch 3 out of 4 DeFi platform features

DeFi is growing at breakneck speed, Jibrel needs to launch an adopted DeFi platform in Q3/Q4 2020 or risk JNT falling by the wayside.

By the end of Q3, we’re hoping to launch three out of three DeFi features, Borrow, Earn, and Tokenize. Most of these features are not original, but we hope to catch-up to existing DeFi platforms and go from there.

Current Status: 0 out of 4 features launched.


Our intention is to allow users to Collateralize ETH:Dai and JNT:JEUR.

In addition to the JNT:JEUR pairing receiving preferential rates, we intend to leverage Jibrel’s partner network to simplify Jcash, Making JEUR an easy fiat-ramp for users. This means users will be able to collateralize JNT, receive JEUR, and use Jcash to convert their stable coins into real Euros via bank transfer, in just a few clicks.

Jcash will also act as the mechanism that allows users to adjust their collateralized positions, by converting ETH into JEUR tokens and repaying their self-collateralized loans.

As most will be able to tell, the planned borrow functionality is similar to how the Maker protocol works, with additional functionalities enabled by Jcash.

JNT Use-case: Access self-collateralized loans (direct to bank — enabled by Jcash), with favorable rates.


Most protocols and projects are focused on the borrowing/lending side of DeFi. Jibrel will focus on the repackaging of collateralized loans. By focusing on this area, we are making a bet that existing lending protocols will facilitate interoperability in the near future. Furthermore, by focusing on a niche that is further downstream in the value chain from most existing DeFi solutions, Jibrel will be operating in a less competitive space (although this is not likely to be the case for much longer).

While the “Borrow” feature is likely to take up a significant portion of our time in the coming months, “Earn” will be our differentiator in the longer-term.

JNT Use-case: Access de-risked, high-yielding assets.


JNT Use-case: Access tokenized assets.


Target A3.1 — Obtain A-Grade on FCAS Rating

FCAS and Messari ratings are gradually becoming leading sources to evaluate projects. CMC displays FCAS-ratings on token pages. Improving our score on FCAS will go a long way towards improving overall “Token Sentiment”.

Again, we’re not delusional, the target is to obtain an A-grade, but we won’t be too disappointed to receive a B-rating (we’d be in good company e.g. Enjin, Golem, Lisk) or even a C-rating (IOTA, Enigma).

FCAS scores are broken into three pillars: (1) User Activity, (2) Developer Behavior and (3) Market Maturity.

Current Status: F Rating: 214 (A= +750)

User Activity

Developer Behavior

Market Maturity

Target B1 — Consolidate Product Offering — Sites / Jcash, etc.

Jibrel grew quickly, started numerous projects, which ultimately became a distraction away from the core mandate of launching a cryptocurrency and contributing to the Decentralized movement. For that reason, products that don’t move the dial for JNT are being de-prioritized, and products that could provide value immediately, or in the future, are being built-out further. In addition, products will be packaged into one coherent offering (i.e. Jcash will be directly linked to the DeFi platform, the Jwallet will have simplified connectivity to Jcash and the platform, all products and services will sit on one website).

Current Status: Fragmented offering (Jibrel.com, Jwallet, Jcash, JNT, etc.)


We’ll be reaching out to the community with a list of potential Jwallet features, conducting a vote, and prioritizing them accordingly.


Jcash will become a simple fiat ramp, allowing us to see how our DeFi applications integrate with the real-world.


The website will house the DeFi app and have an interface that allows users to jump straight in.

What to look forward to over Q3 2020

  • Launch of 3 out of 4 DeFi features (Borrow, Earn, Tokenize, Trade)
  • Relaunch of Jcash as a simple fiat-ramp (JEUR:EUR)
  • Improvement in JNT Utility, Liquidity and Sentiment (FCAS Rating)
  • Jwallet improvements (WalletConnect integration and more)

Thank you to the Jibrel Community for your continued support!

Jibrel provides tokenized financial assets such as equities, currencies, commodities and bonds, on the Ethereum blockchain. https://jibrel.network

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