What is Honor?
Honor is the cryptocurrency that will be used to power the platform JUBS.
JUBS is a service application that allows people who need a professional task done and helps users find a qualified individual to pair that task.
JUBS is an established platform that has built successful partnerships with Microsoft, Amazon and Facebook.
Millions of dollars are spent every year in the “on the go” service business which has made an emerging entrance over the last few years.
JUBS aims to conquer this growing market, by using blockchain technology and connect users with an easy payment method using HNR tokens.
Problems in the industry
In the industry today the traditional platforms do not have a good system in place for users to find qualified individuals for their tasks.
It is not helpful to hire someone, if they do not have the education/experience needed to complete the task.
The customer in these platforms must trust that the “professional” actually holds these qualified degrees/experiences and so dishonesty is very prevalent which normally leads to a disastrous job.
Often times these platforms are also not well marketed and job listings or job offerings can be limited which doesn’t make a liquid market.
When a user finally finds someone that agreed to do the job, a contract is usually hard to create and often times leads to fraud.
Payment fraud is a huge problem in the service business as the job must normally be completed in order to receive a payment, and so if the professional performs the task, there is a chance the payment never makes its way to the rightful party.
How does JUBS plan to fix this?
The integration of Facebook will allow mutual friends to give recommendations and personal references to the professionals looking for jobs and gives reinsurance to the purchasers.
A decentralized payment system is created so that tokens can be held in escrow and the transaction process can be made automatic and seamlessly.
In order to keep qualified individuals on the platform, JUBS will reward these professionals with tokens to be used or sold if good ratings are left.
When the service is completed the funds are released and no fees are taken from the JUBS platform giving more revenue to the professional completing the service.
If any issues arise there will be a built-in insurance protection program enabled based on the number of tokens held by the service provider.
This gives more security to the service providers and will make them interested in joining the platform and boosting new the industry.
JUBS Features
JUBS plans to build a resolution network, to help mediate through the different disputes and analyze claims.
Every transaction you make on the network is recorded and you are given a score that is not able to be changed.
If you are buying a lot of services and have no problems your personal rating will be very high, and users accessing the network will be able to see you have made many successful transactions and will be more inclined to deal with you.
This also allows service providers to show successful deals and prove past experience.
Insurance is given to service providers in case damage is caused. Insurance has a few different factors that play a role, amount of tokens in comparison to the circulation, customer ratings, past problems, individual skills etc.
What is the price of guests?
The honor was sold as described on this page in relation to a fixed period bonus of ETH.
The goal is to raise the equivalent of $15 million in the ETH by selling 100 million honor tokens that determine exchange rates and will be determined before the execution of the contract.
How you can invest in the sign of honor?
During the early period of the date of the donation, you can send Your ETH sign agreements, and intelligent will be released soon automatically receive HNR.
After you send Your ETH to our address, our Smart contracts automatically calculates the number of HNR token by sending directly to your wallet. All transactions are made under contract smart from Ethereum network to provide maximum security and efficiency
Just send the ETH erc20 compatible portfolio Myetherwallet metamask, fog, or parity.
Do not send from exchange such as Coinbase or POLONIEX because you will lose your funds
By submitting Your ETH for jubs, make sure you read and agree to the terms of the token honor.sales.
Tokens for sale
Honor Cryptocurrency (HNR) is the main financial instrument trading at Jubs platform.
ICO will start selling it to the campaign in the year 2018. Honorary Cryptocurrency (HNR) based on daily prices in the period of the initial contribution, which will begin on January 15, 2018 .
The participants shared at a rate of 1 per HNR ETH. If the initial contribution period reached the ceilings of US $150.000, it will run in 4 week or 24 hours (see page 22 : Whitepaper ).
To find relevant details about the Honor project please follow the links below:
Author: Dangdingdongbray
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1767724
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