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Infrastructure, Financial Services

Jura

Jura – blockchain, ecosystem and DAG platform with the high level of scalability and decentralization

Rating: 3.0

Official contacts
Location: USA
Web-resources:   Whitepaper Website
Social networks:
Product source tracking: N/A
Details Description Risks Full analysis Team

Detailed review

Stage of product development
Not available
Roadmap
September, 2018
PoU & FUSUS
December, 2018
Testnet
June, 2019
Mainnet
Token description
ICO date
TBA
Token price
N/A
Platform
N/A
Hard cap
20000000
Capitalization of token pool
100000000
Blockchain
Jura
Token distribution date
N/A
Consensus method
Proof-of-Utility, Proof-of-Varifiable-Random-Time
Escrow
N/A
ICO currencies
USD , ETH
Bounty camping
N/A
Markets
N/A
Token functions
Means of payments
Risks
MARKET

 • Fierce competition from other blockchains and projects solving the similar problem

PRODUCT

• No prototype available

• Unclear specifications of TPS

• Jura aims to develop the product too fast having nothing for now, so the roadmap is likely to be a subject of change

BUSINESS MODEL

• Poor token functions

FINANCES

• Early investors are given a bonus up to 60% with 40% of tokens with no lockup

• Too high token pool capitalization both for seed and public investors, considering no prototype available

TEAM

• The doubtful issue regarding mfun.network

• Lack of marketing and legal specialists

• Advisors are not disclosed

Full analysis
Market

Jura aims to develop an ultrafast and self-regulated decentralized network. Competitors are Hashgraph, Fantom, Dexon and NANO. Also, other blockchains that aims to be both scalable and decentralized must be considered with their number tremendously increasing. By the way, the offer of Jura looks competitive with the high level of technologies implemented and great ideas stated in the technical docs

Product

The project is a blockchain network that aims to achieve high TPS, maintain decentralization and be protected from inside and outside attacks. Core technologies used are 1) FUSUS data structure: DAG pruning that changes the structure according to traffic, 2) PoU: (Proof of utility) Proof to utility: solve problems of existing PoS, 3) DMDS: Using dynamic sharding and distributed sharding to create a parallel processing environment 4) AI Security: Identify malicious nodes by doing wallet security and filtering transaction by using AI. In addition, it will apply Proof-of-Varifiable-Random-Time: a user will have to wait for a gradually increasing period of time to have its additional transactions conducted. So, it will not be possible to arrange spam attack. Whitepaper presented is deep, detailed and has a great scientific approach. Roadmap is fast enough and promises PoU based consensus framework and Fusus be ready in the 3Q 2018. Testnet is projected for Q4 2018 with mainnet launch in the Q2 2018. The project currently exists on a paper only and no protype has been introduced for now

Business model

Token is likely to be used as means of payment in the network that is a standard function for such projects. If token circulate in such a strong ecosystem, its value may be determined as attractive

Finances

Jura aims to attract 20M USD. Strategic early investors are given a bonus in the range 40-60%. Public sale price is likely to be about 0.015 USD, when Seed round price is 0.006 USD. Strategic investors are given the price 0.009 USD, and private – 0.012 USD. Public sale share in the Hardcap is likely to be around 5-10%. 40% of tokens have no lockup, 40% are locked for 6 months and 20% - for 1 year. Taking into account token distribution, it results in valuation of 40M USD for seed investors and 100M USD for public investors. Such numbers are too high for a project with no prototype available. We found lot of pools gathering contributions that may be an indicator of the easy access to the investment allocations. Early investors remain undisclosed

Team

CEO Donglin Wu Dafflon was awarded by Forbes “top-30 before age of 30”. He graduated from Harvard University (Mathematics). His experience mostly covers finance since 2010 (hedge funds, IB and etc). Co-founder Iris Young also has mostly financial experience since 2016 (M&A, PE, VC). Another co-founder graduated from Columbia University (Machine learning) and worked in MicroStrategy (1 year), Yahoo (2 years), Google (2 years) as a software engineer. Other team members do not have significant work experience and mostly are from academic field with PhD degrees. The strange issue is connected with the article about FUSUS published by Kronos and describing the same technology applied by Jura and using the same logo. This article indicates mfun.network website redirecting to mfun.io with the another project and team. Mfun page on Linkedin currently is redirecting to Jura page (Source: Cryptosherlock.club).

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