Jur price

JUR

JUR started with the idea of CEO Alessandro Palombo (lawyer and PhD in Public Law and Master in Regulation of Global Markets) later joined by Luca Y. Daniel tech entrepreneur who previously built Aguadulce a Wired-featured digital agency.

The Jur team today 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 that features ex Vice President of the European Parliament, Ms. Diana Wallis.

JUR is available for trading on the OceanEx exchange platform.

OceanEx

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Jur represents a decentralized ecosystem designed to address the justice gap, providing improved access to justice for professionals and small to medium enterprises. This ecosystem leverages blockchain technology to offer a dispute resolution process that is legally binding in 166 countries globally. The foundation of Jur is built on Substrate, enabling the creation and management of digital-first societies on an opt-in basis. It introduces a novel approach to resolving disputes through a voting system, where participants are rewarded with $JUR tokens for their contributions.

The platform extends beyond just dispute resolution, aiming to foster resilient, censorship-resistant societies. It does so by rewarding users who participate in confirming blockchain transactions, thereby ensuring the integrity and continuity of its operations. Jur's mission is encapsulated in its efforts to make justice more accessible and to empower individuals with the tools to form and govern their own digital societies.

JUR, the native utility token of the platform, plays a central role in its ecosystem. Built on the VeChainThor blockchain, it serves multiple purposes including staking for dispute resolution hubs, payment for accessing various services, and voting within the platform's governance structure. As of its launch on August 28, 2019, through an Initial Exchange Offering (IEO) on the OceanEx exchange, 1 billion JUR tokens were created. The allocation of these tokens is strategically divided among private sales, public sales, team reserves, operations, tech development, business development, and a company reserve.

The inception of Jur was led by CEO Alessandro Palombo, a lawyer with extensive expertise in Public Law and Regulation of Global Markets, alongside tech entrepreneur Luca Y. Daniel. The project is supported by a robust team, including advisors and a Scientific Committee that underpins the legal framework of Jur. This committee includes notable figures such as ex Vice President of the European Parliament, Ms. Diana Wallis.

Jur is headquartered in Zug, Switzerland, often referred to as the crypto valley, highlighting its commitment to innovation in the blockchain and legal tech sectors. The platform continues to evolve, with ongoing research and development in the micro claims sector, aiming to offer micro justice solutions through its Jur Beta Platform.

For those interested in participating in the Jur ecosystem, JUR tokens can be traded on the OceanEx exchange platform. It's important for potential investors to conduct thorough research and consider the inherent risks before engaging in cryptocurrency trading or investment.

Jur's security framework is multifaceted, incorporating both technological and procedural elements to safeguard its ecosystem. At its core, Jur utilizes smart contracts on its blockchain to automate and secure transactions and interactions within its platform. These smart contracts are essential for enforcing the terms of agreements made within the Jur ecosystem without the need for intermediaries, thereby reducing the potential for disputes and enhancing trust among participants.

In addition to smart contract technology, Jur is further secured through a decentralized treasury that is managed by the community. This approach not only democratizes the decision-making process regarding the use and allocation of funds but also adds an additional layer of security by distributing control across a wider network of stakeholders. This community-driven governance model ensures that no single entity has unilateral control over the platform's resources, thereby mitigating the risk of fraud and mismanagement.

Beyond these blockchain-specific security measures, Jur also implements a comprehensive set of physical and digital security practices. These include strict access controls to protect against unauthorized access to sensitive information and systems, regular security assessments to identify and address vulnerabilities, and adherence to international standards and recommendations to ensure that security practices are in line with global best practices.

Jur's commitment to security is evident in its approach to both technological and procedural safeguards. By leveraging the inherent security features of blockchain technology, such as smart contracts and decentralized governance, while also implementing rigorous physical and digital security measures, Jur provides a secure foundation for its decentralized ecosystem aimed at improving access to justice.

Jur is designed as a decentralized ecosystem to bridge the justice gap, offering professional entities and small to medium enterprises (SMEs) an innovative approach to accessing justice. This is achieved through a legally binding dispute resolution process that is recognized in 166 countries globally. The platform leverages blockchain technology to ensure transparency, security, and efficiency in its operations.

The native utility token of Jur, JUR, plays a pivotal role within the ecosystem. It is utilized in several key functions:

1. Staking: Users can stake JUR tokens within Hubs to provide dispute resolution services. This mechanism is crucial for the operation of the platform, ensuring that there are sufficient resources and incentives for the resolution of disputes.

2. Payment: Accessing various services within the Jur ecosystem requires payment in JUR tokens. This includes, but is not limited to, fees for dispute resolution processes.

3. Voting: The governance of the Jur platform is community-driven, with JUR token holders having the ability to vote on important decisions. This includes the allocation of the community treasury funds to initiatives deemed vital for the project's success.

The Jur ecosystem is not static; it is subject to ongoing research and development, particularly in the micro claims sector. The aim is to continually refine and expand its micro justice solutions, making them more accessible and effective for users. These efforts are supported by the Jur Beta Platform, which serves as a testing ground for new features and improvements.

Jur's foundation in Zug, Switzerland, places it at the heart of the so-called crypto valley, benefiting from a vibrant environment of innovation and regulatory clarity. This strategic location complements its mission to provide accessible legal services through blockchain technology.

As of its launch on August 28, 2019, there are 1 billion JUR tokens in circulation, distributed across various stakeholders including the team, operations, business development, and a company reserve. This distribution ensures that the ecosystem has the necessary funding to sustain and expand its operations while also incentivizing participation and investment from the community.

The founders of Jur, Alessandro Palombo and Luca Y. Daniel, bring a combination of legal expertise and technological entrepreneurship to the project. Their vision is supported by a robust team of professionals, advisors, and a Scientific Committee that underpins the legal framework of the platform.

For those interested in participating in the Jur ecosystem, JUR tokens can be traded on the OceanEx exchange platform. It's important for potential investors to conduct thorough research and consider their investment goals before engaging in the cryptocurrency market.

Jur has experienced several significant milestones since its inception, reflecting its growth and development within the blockchain and cryptocurrency space. The project's journey began with the launch of a solochain and a decentralized application (dApp), marking its initial steps towards creating a decentralized ecosystem aimed at bridging the justice gap. These early developments laid the foundation for Jur's innovative approach to dispute resolution, accessible to professional and small and medium enterprises globally.

Furthering its mission, Jur introduced various use cases that showcased the practical applications of its technology in real-world scenarios. One of the most notable achievements was facilitating the first private car sale transaction powered by a smart contract, demonstrating the potential of blockchain technology to streamline and secure complex transactions.

The project's commitment to community engagement and expansion was evident through the onboarding of communities and the creation of the Jur Treasury. These initiatives were designed to foster a supportive ecosystem around Jur's platform, encouraging participation and collaboration among users.

Jur's token, JUR, has also seen significant developments, including listings on exchanges and a token swap from VeChain to Jur Chain. This transition was a strategic move to enhance the token's utility and integration within the Jur ecosystem. The deadline for this swap has been set for January 30, 2024, indicating a forward-looking approach to ensuring the token's relevance and accessibility.

In addition to these technical and operational milestones, Jur has actively participated in conferences and events, contributing to discussions on decentralization, blockchain technology, and the future of dispute resolution. These engagements have not only raised awareness about Jur's solutions but have also positioned the project as a thought leader in the space.

Jur's ongoing research and development activities, particularly in the micro claims sector, highlight its dedication to innovation and addressing unmet needs within the justice system. The Jur Beta Platform serves as a testament to the project's efforts to refine and expand its micro justice solutions, making them more accessible to a broader audience.

Headquartered in the crypto-friendly environment of Zug, Switzerland, Jur benefits from a supportive regulatory framework and a vibrant ecosystem of blockchain projects. This strategic location complements Jur's vision and objectives, providing a conducive environment for growth and collaboration.

In summary, Jur's key events reflect a comprehensive approach to leveraging blockchain technology for legal and dispute resolution services. From technical developments and community engagement to participation in industry events and strategic token management, Jur continues to evolve and adapt to the needs of its users and the broader blockchain community.