JAKALCOIN PROJECT

 

 

JAKAL PROJECT BACKGROUND

 

The Crypto network has recruited voluntary participants to devote themselves to the network through a common orientation of growth in the network and the enhancement of token value. This is why BitCoin has steadily grown in the face of numerous skepticism, and also has led to the emergence of new crypto networks such as Ethereum.

 

However, most block chain services have limitations that they do not adequately reflect or provide convenience for practical users, as the ecosystem is designed and constructed around service providers. In addition, users who are familiar with centralized platforms cannot help but notice the disadvantages before the benefits of decentralization.

 The Jakal project seeks to solve these problems through fair and reasonable user compensation. It will break away from the abstract and self-judgmental compensation structure of existing block chain projects and introduce the reputation system of actual users to systematize and develop into a more immediate and reasonable compensation system. From the perspective of users and information producers, such a compensation system should pursue fair but simple governance accordingly.

 The Jakal project seeks to pursue stable growth and development by forming an ecosystem in which balanced contributions and rewards are provided to both information production and information consumption and further to users who consume the various products that our project will make.

 The Jakal Project understands the shortcomings of existing block chain projects that provide only simple information consumption and service use, and based on this, it will encourage all members to participate in expanding productivity for easy and convenient use and compensation in the ecosystem.

 

 

JAKAL PROJECT VISION

 

 The JAKAL project has a vision to enhance the advantages of the block chain and provide various block chain platforms that can provide higher levels and convenience to ASEAN regions that were not included in the existing global reading group. To achieve this goal, we carry out the following missions to provide a platform with utilization value in real economy and real life that is not limited to virtual assets.

VISION1: As the ASEAN region has a remarkably low economic position in the global market, there has been a gap between information inequality and technology. JAKAL project creates a block chain technology that provides ASEAN users with easier and more convenient block chain technology and encourages individual participation to provide legitimate rewards.

VISION2: The ASEAN region has the problem of poor accessibility of centralized financial services, with the common low utilization of credit transactions taking a lot of losses and time to transfer and exchange between countries. In response, the JAKAL project focuses on providing decentralized financial services (DEX) to the region and minimizing the distance to the block chain technology.

 There are distinct limitations to today's Crypto network, and it is still not enough to challenge existing centralized services in earnest. Typical examples are performance and scalability. Over the next few years, we need to focus our efforts on overcoming these limitations and building a proper infrastructure

 

 

 JAKAL project has a service structure consisting of 3 layers.

 

1.Service layer  

 

 The service layer of the JAKAL project is designed to suit the characteristics of the DAPP provided according to regional and cultural differences. For example, the project's first DAPP, "jakal.vn," is provided through an individual UI, optimizing the mobile environment for news about SNS feeds and interest-based shopping and cultural events in influencer to provide specialized information for mobile users and SNS users. The service layer will also be modified and changed to suit the characteristics of the DAPP, which will be opened in other regional countries in the future.

 

2. Token Compensation Reputation Management Layer

 JAKAL project is a platform for providing useful information and convenience to users in Southeast Asian countries. Accordingly, fair and fair compensation for useful information and data should be provided, and this layer contains the functions and policies to stably operate these services and serves as the central axis of this project.

 

3. Blockchain Layer

“JAKAL Project is a platform that operates on the basis of block chain technology.”

 JAKAL project will continue to expand its services through DAPP services, focusing on development so that it can implement a service platform that can operate more reliably.

 Currently, the platform is based on the Ethereum network, where the world's most common and diverse DAPPs are being developed, and will be re-selected at an appropriate time in the future.

 

 

Introduction to JAKAL Coin

 

JAKAL project issues JAKAL tokens to activate Southeast Asian user-centered data producers and compensation ecosystem based on service use.

The first purpose is to give economics to the value of the platform participants' data by issuing JAKAL tokens, and to establish an ecosystem of JAKAL only based on tokens.

 The second purpose is to provide the convenience of ecosystem participants, including platform users and data providers, to overcome regional and national limitations through the JAKAL platform and to achieve better quality of life through advanced technologies.

 Of course, the JAKAL project will not satisfy all ecosystem participants from the start, but by creating a stable platform using fairness and transparency, which are characteristics of block chain technology, various uses will be possible when participating in the ecosystem or purchasing JAKAL tokens directly or indirectly.

 DAPP users can receive JAKAL tokens in a variety of ways. If various data and content are provided using the first DAPP service, which is a local portal service, compensation can be obtained, and JAKAL tokens will be continuously distributed through activities such as recommendations for vitalizing the JAKAL ecosystem and evaluation of quality content.

 Users can use the stacking lockup feature for JAKAL Tokens. If a user applies a stacking lockup to a JAKAL token for a certain period of time, the user will receive the DEX fee and the interest accruing from the JAKAL DEX platform. Users participating in the stacking lockup will be provided with various benefits, including unlimited use of local portals and watching video services without advertisements, while the JAKAL project can predict long-term distribution volume management and liquidity through token lockup by stacking lockup users.

 

 

Token Distribution

 

 Tokens paid to users of DAPP at JAKAL are paid first from fees arising from the use of the DAPP platform, and tokens distributed through the operation of the platform are paid when fees to be paid are higher than those generated by the DAPP.

 The volume of ecosystem distribution is the quantity to be used for the maintenance and development of JAKAL project ecosystem, and the volume of platform operation and development is the quantity of the cost deemed necessary for the service operation of this project. Marketing volume is the quantity used for listing on the exchange and marketing of this project.

 The volume allocated to a partner is not the volume provided to a typical partner. This is distributed to partners who pursue practical cooperation and common values in line with the JAKAL project's vision to the extent that it does not undermine our token economy by due process, and vesting and cliff are equally applicable for 24 months.

 The volume distributed to team members and advisors is 10% respectively, with 24 months for vesting and 12 months for cliff since August 1, 2020.

 Regardless of registration, JAKAL tokens can temporarily move and operate some or all of their supplies for the purpose of attracting strategic investment, and must undergo a governance decision-making process.

 

 

JAKAL Blockchain Technology

 

We would like to model the following projects so that ASEAN users, who have been marginalized, can more easily and conveniently pursue efficiency and diversity through block chain technology, and bridge regional imbalances and gaps through decentralization.

ASEAN countries vary in religion and culture, and each has different lifestyles. Therefore, we will develop and provide a portal platform specialized for each ASEAN country in the process of data collection.

 Data source collection will be collected more efficiently and strategically using and two-track methods, such as passive collection based on search results and keywords of interest, and active collection in which each individual writes questions and answers directly.

 In the active collection area, the web portal, the portal service platform of the JAKAL project, is utilized to obtain data through direct surveys, surveys and online query responses to users. Participants will then receive compensation from the reputational system in which the data is evaluated by the consumer as a JAKAL token.

 In the passive collection area, a comprehensive analysis of advertising pages, search records, etc. provided on the web and mobile, when agrees to this data collection, and simply receives a JAKAL token as a reward for watching the promotional advertising programs offered.

By utilizing the block chain technology, the provided data is fragmented and stored and prepared for hacking and protected information through encryption technologies such as IPFS.

Based on cooperation with big data AI solution project, we aim not only to collect data information but also to strategically develop data technology and achieve the mission of JAKAL project.

 

 

JAKAL DEX aims to become a localizing decentralized platform for ASEAN users who have great difficulties in credit transactions and KYC.

 Combining the advantages of a centralized trading platform with the advantages of the DEX platform, a branch of De-fi, the JAKAL DEX operates with the following systems:

 Unlike the existing trading platform, JAKAL tokens obtained by providing data to the web services of the JAKAL platform can be changed to the desired digital assets by using swap methods without complicated subscription or ordering, and there is no separate fee for converting JAKAL to Ethereum.

However, must be paid JAKAL Token as a fee if JAKAL DEX is swapped to a token other than ETH or converted to token to token to eth.

 By applying AMMs from exchanges in major ASEAN countries, tokens can be exchanged for legal currency in ASEAN countries, allowing users of JAKAL DEX to conveniently use them without signing up or proceeding with orders separately for exchange and remittance.

 JAKAL DEX makes decisions in a multi-signer manner that distributes the authority of admin to improve the stability that is being challenged in the existing De-fi market.

 The multi-signer will also involve a central exchange linked to ASEAN legal currency to increase liquidity and usability.

 

 

summary

 

Based on the value of transparency and fairness, which are advantages of the block chain, and the utilization through tokens, the Jakal project will be used as a tool to create a better society, and will focus on becoming a practical service by providing maximum convenience and usability to both users and producers, who participate in the ecosystem.

 By operating the first DAPP, "Jakal.vn", we will select Vietnam as a bridgehead for each region of Southeast Asia, provide each local portal site and establish an ecosystem that can satisfy both users and producers.

 The Jakal project will launch JAKAL DEX, a decentralized financial services platform that is easier and more convenient than conventional services, as its second DAPP, following jakal.vn, a local customized Web portal service. Through this, we will contribute to bridging the gap between classes and countries for users who are unfamiliar with the block chain or who have experienced inconvenience in using existing financial services, and create an ecosystem where both users and governance participants can be compensated and developed in a balanced manner through continuous improvement of the platform.