Jincor, Pte. Ltd., which develops a one-stop solution for businesses to adopt smart contracts and cryptocurrency payments with no legal, technical, or operational complications, has started its crowdsale campaign. The project’s team estimates that over 10,000 businesses will be using Jincor Open Beta by the end of the next year and up to 20,000 within the course of 2019.
Jincor has already launched a closed beta with its basic functionality, which is currently being tested by dozens of companies. The Open Beta, that will become available at the beginning of December, has already attracted 300+ businesses to give it a try and will include a basic labor smart contract template, that can be easily customized for the needs of businesses of any industry and scale, and cryptocurrency wallets, built on pre-alpha version of Jincor’s private blockchain.
Its roadmap outlines 10000+ businesses in the Open Beta by the end of 2018. The prior markets to reach are Japan/Asia, as the region is known for having the most crypto-friendly regulatory landscape compared with the rest of the world. Area for the further expansion — Western Europe.
The full feature set of Jincor platform will include smart contract templates for specific industries, verified digital wallets for transparent and trackable b2b transactions in cryptocurrency, and also a decentralized arbitration system for settling disputes arising with smart contracts performance. In the end, Jincor aims to integrate companies, their employees, assets and business partners into a unified blockchain environment with clear and well-known rules.
“We are humble and realistic about our development plans and revenue projections. Within the course of at least next 6-9 months we won’t be charging our customers for using Jincor at all, but as soon as by the end of 2018 we are planning to achieve a stable cash flow. In 2 years from now, we are projecting to have around 20,000 businesses registered in Jincor with 150 hires on average and $750 value of JCR tokens required per month. And by 2020, Jincor will become a self-sufficient business”, says Vlad Kirichenko, Jincor CEO and Co-Founder.
The company has put on sale 76% of its JCR tokens, which will be an integral part of Jincor platform. The token price is $1 per 1 JCR; the ETH/JCR exchange rate is calculated automatically in accordance with the current ETH/USD rate. The crowdsale will last until January 31, 2018, or until all the allocated tokens are sold and the hard cap of $26.6 mln is reached (the soft cap is $2.5 mln).
Earlier in August startup held pre-ICO campaign, selling 4% of JCR tokens emission, and reaching the hard cap in less than a week.
Jincor, a platform for genuinely simple smart contracts and cryptocurrency transactions for any business was founded in 2016. That is when the idea was developed and the Close Beta Prototype was launched equipped with a basic set of features for secure and efficient enterprise interactions. Those have been tested in cooperation with dozens of companies starting from the January 2017. At the end of the same year, in December, an Open Beta release was launched, accessible for any business that was willing to participate in trials.
The headquarters of Jincor is based in Moscow. At the moment, there are 20 people in the staff and the advisory board consisting of world-class experts in the field of legislation, finance, entrepreneurship, media relations and blockchain development.
Learn more about the company and the platform features on Jincor’s website.
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