Jarvis Network (JRT) is a set of protocols on Ethereum for the universalization and optimization of finance, more specifically financial products and markets. It is owned by a DAO (decentralized autonomous organization).

Jarvis blockchains traditional financial markets to make them open, transparent, interactive and programmable, and ultimately disrupts them.

These protocols allow users to access the price of any financial instrument through margin trading and/or synthetic assets and/or provide the liquidity required for these protocols to function smoothly. .

Reward Token JRT

JRT is a utility token for securing and managing protocols, through staking and DAO respectively, and is intended to reward dealers who will bring value to the ecosystem.

• The DAO votes on many settings and recommendations to improve the network.
• The DAO manages reward funds of up to 100 million tokens to distribute JRT across various reward programs to incentivize those who bring value to the ecosystem.
• The DAO collects all fees and decides how best to allocate them to serve the interests of the network and JRT holders.
• JRT is staked by validators and forwarders to align their interests with the benefits of the protocols.

What is the JRT token used for?

Administration

The JRT allows for the management of protocols through the DAO.

Staking

Forwarders and validators stake JRT to align their interests.

Reward

100 million JRT will be distributed through rewards programs administered by the DAO.

Burn

Part of the fee is used to buy back JRTs and burn them.

Applications

DApps integrate one of the protocols with the ability to add fees to generate revenue, in this case part of which will be used to automatically buy JRTs from the marketplace and burn them.

Although anyone can develop applications on top of the top of the protocols, they have opened different companies in different jurisdictions to be the first to make and deliver non-standard applications. seamless centralized (dApps) for end users, to interact with protocols: Jarvis wallet and Jarvis marketplace.

Development team

Headquartered in Bulgaria, Jarvis Network was founded in 2016 by Pascal Tallarida, who is also the CEO of the company. Emphasizing the importance of a new financial method built on blockchain that coexists with traditional financial services, Tallarida believes that Jarvis will serve as a gateway for more individuals to invest while filling gaps in the traditional financial industry.

The Jarvis team has dozens of members, including a representative face of the office. Executive members of the team include Petar Kirov as Project CTO, Stefani Todorova as PR Manager and Iliyan Iliev as Product Manager.

Conclude

DeFi certainly offers one of the greatest value prospects for blockchain technology, and recent advancements underscore that belief. While it may still be in its early stages, there’s a lot to look forward to in the years to come.

The services Jarvis Network offers are just the tip of the iceberg in scope, and Jarvis himself has a lot planned for the future. Decentralized financial services, whether margin trading or simply generating passive income, offer irresistible earning opportunities to anyone, anywhere.

According to AZCoin News

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