HONOR
Decentralized ecosystem of work on demand
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Hallo all, hopefully on this blog all your search about Honor project can be fulfilled, and for more details let's just go to the following discussion:
JUBS Tecnologia em Serviços LTDA is a Brazilian start-up company, idealized in 2015, selected by Brazil's largest accelerator, Inovativa Brasil, among the 300 most innovative Brazilian startup companies in 2017.
This document introduces the new HONOR crypto currency as the fundamental basis for payments and rewards for reliable indications of the professionals of the JUBS platform, the first recruiting service community based on nominations and reputation.
JUBS was released in its version 1.0 as an application in the services market after extensive market research and product validation.
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Platform 1.0 is available!
Try our free beta version in Play - Jubs - O Aplicativo dos Serviços
Throughout the process, he has established strong partnerships with companies such as Microsoft, Amazon and Facebook, and today there is a strategic transition from decentralization, the transition from a competitive business model to a cooperative.
Initially, the JUBS platform has become a solution for anyone who needs professional help to accomplish a task or performing a service, will be able to find reliable people among your friends and the network, resulting in the process of contracting autonomous services in a technological environment to focus on the needs of the average user.
Faced with the development and strengthening of Ethereum blockchain technology, the new concept of decentralized applications offers the most promising way to JUBS 'dream of creating a sustainable future for modern working relationships.
HONOR goes beyond only transactional crypto currency, but also a token that supports the entire JUBS platform. This includes:
- Decentralized market of supply and demand for work, services and tasks.
- Conversion of bank loans, installments and fiduciary currencies into the crypto-currency payments of periodic or permanent services.
- The constancy of the informal history of work and professional identification remains unchanged.
- Ensuring that remuneration, punishment and professional reputation are transparent.
- Reliability and resolution of conflicts in online and offline services.
- Immutable records of liability and collective liability insurance. In addition to reasonable provision of services and implementation of extended guarantees.
Team
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JUBS ECOSYSTEM
JUBS introduces innovative solutions in the segment of service providers that solve chronic and unrealizable problems that would not have been possible without blocking technology. With the technology of unrivaled "tokenID" authentication, the rating of performance and reputation is made up of real estimates with a history of services and activities stored in the chain chain, providing reliable information prices, will lead to quality services at a reasonable price.
Fast, safe and reliable interactions
● Indications - JUBS is looking for service providers up to the 2nd generation in their Facebook friends network, informing about common friends for personal references or evaluating them in the region to perform their services.
● Auction platform - JUBS already has an integrated system of auction services on Android, and soon it will be on iOS and online.
● Security - Information such as CPF, mobile communications, email, face and Facebook identification number is verified and authenticated to the tokenID service provider.
● Integrated communication - chat, application connections and video conferencing to improve the use of quotes, security and privacy
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Decentralized community with work experience
● Decentralization. The service network JUBS is moving to full decentralization, which makes it a self-regulatory platform in the market.
● Profitable quality. Professionals with excellent continuous high-quality performance and qualifications above 4 stars receive HONOR tokens at the end of each month
Contracts, bureaucracy and guarantees
● Commission - JUBS does not charge a commission for the service performed, providing full cost to the service provider.
● Guarantees - Customers can pay to include in their smart contracts guarantees for services performed in accordance with the cost / time determined by the service provider.
● Liability insurance. In accordance with the volume of JUBS tokens stored in the service provider's portfolio, it can activate exclusive benefits such as liability insurance, which protects customers against incidents and claims during the execution of the service.
Payments
● Payment mechanism - the customer will be able to pay services to the credit / debit card up to 12 times, and the service provider will receive a presentation within 3 days after the crypto currency or release of money.
● Exchange - JUBS will have an integrated exchange in which customers can pay various fiat currencies (dollars, euros) and crypto-currencies (HONOR, Bitcoin, Ether, Ripple, Litecoin, Dash, etc.).
● Token. On the JUBS platform, customers can purchase HONOR crypto currency by paying in various terminals for services and tasks.
● Exchange currency. Service providers can exchange HONOR for other services, sell them on exchanges or store them to activate unique advantages in accordance with the volume that is stored.
● International agreements. Given the high costs and taxes associated with international agreements, the use of HONOR crypto currency is an excellent alternative for payments
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Guarantee and conflict resolution
● Conflict resolution. The JUBS network will designate up to 5 service providers in the region as paid intermediaries for the analysis of published disputes and, if necessary, for conducting local examinations to solve problems of misunderstanding.
● Transparency and reliability. All actions, prices and ratings will be authenticated using the "tokenID" of the user stored in the blockroom, which is not editable by the block line with the public record.
Background, reputation and transparency
● Mechanisms of rewards and punishments. Poorly ranked professionals are placed in queues with a low priority in the "black list", and those that are evaluated positively are recognized by verification and raised with the help of HONOR.
● Professionalism. Using the JUBS platform evaluates independent and informal professionals in accordance with their results, ensuring a positive impact on competitiveness throughout the partnership.
● Recognition - JUBS recognizes its suppliers through its verification process, which grants rewards for the results achieved, creating prestige for the quality of its services, which, therefore, will result in greater preference for customers to contract for its services.
HONOR CRYPTUALITY
JUBS launches HONOR (HNR) crypto currency with the main goal to make it the main source of payments for the purchase and sale of services between clients and young professionals in Latin America in the following segments:
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With time and maturity of the platform, any currency can be automatically converted to HONOR for contract service providers.
According to this point of view, HONOR will be installed as a pure, fixed, fractional, divisible and non-inflationary long-term currency, can be transferred, interchangeable and can be exchanged on the exchanges of crypto-currencies. It will be released in accordance with the ERC20 standard, compatible with the entire structure of Ethereum.
MECHANISM OF JUBS REMUNERATION
On the platform there are two main reward mechanisms. These advantages are regulated by smart contracts and are aimed at promoting the growth of the JUBS ecosystem and promoting a culture that stimulates growth and quality of the network. These are two mechanisms:
Purchase mechanism for professional subscribers
When you convert a service provider with a code or an invitation letter during the entire process in which the provider of guest services is active on the network, the invited provider will receive a 30% subscription to HONOR. 50% of the subscription price will be used to purchase HONOR currency on exchanges, where 30% is intended for the conversion bonus, and the remaining 20% are partially returned to the subscriber through bonuses for interactions that keep the platform healthy on a permanent basis, always send quotes, execute a task that has been well evaluated, fulfills missions that advance the ecosystem and achieve performance results of hamification
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Bonus for participation in the courts for conflict resolution
To resolve the conflict on the platform, up to 5 service providers in the conflict region with previously verified records will be assigned to evaluate information and determine their position in the participants' court. As a reward, users assigned to this role will receive HONOR as a payment for their contribution to the community.
To support the process, 20% of the total emissions of token HONOR will be targeted to the engine of rewards. Each year there will be a 50% reduction in the release of these tokens as an item to the global recognition of the currency in its steady growth
JUBS WALLET
The JUBS wallet will be fully developed in the network of the blocking ethereum, which, in turn, will be encrypted to prevent fraud and theft, with the following functions:
● Delivery - for any other user who has a JUBS wallet
● Receive - Receive from anyone on the JUBS network
● Buying and selling tokens - Sell HONOR to JUBS (getting the value in BRL according to the market value of the currency) or buy HONOR from JUBS
● Transactions. All transactions will be registered in the public network of the blocking Ethereum, and the user can check the sent or received amount, sent or received value, the sending and receiving address, the date and time, all their transactions remain unchanged, each committed transaction can not be deleted, that no system, such as JUBS or any other, does not change it.
● Fee. For each transaction in the ethereum network, a "gas price" is required, that is, a fee for maintaining the network and rewarding users who will use your computer to process these transactions in order to maintain the network.
INCOME MODEL JUBS
Today, JUBS is a service market that undergoes a strategic transition from decentralization, abandoning the competitive ecosystem model for a cooperative where all participants benefit from collective success.
Today, JUBS is defined as a hybrid platform with the following revenue model:
- Sign to about $ 16 for professional subscribers to access their token-ID, professional profile and access to service requests.
- Payment can be made by credit card or bank miss.
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JUBS THE ADVANTAGES OF THE ECONOMY OF HONOR
1. For customers
● Profitable quality. Through the reward system, professional subscribers will receive bonuses in HONOR for the good results achieved in the service evaluations.
● Liability insurance - HONOR allows non-formal insurance of professional liability from accidents and claims, thereby increasing customer confidence in the use of the platform.
● Payments for services with crypto-currencies - Fans of digital currencies can pay for their services in any currency
network Ethereum and the main crypto-currencies, such as bitcoin, litecoin, Dash, Zcash, etc.
● Payment of services with currency HONOR - allows our customers to save due to high bank and credit cards
2. For service providers
● Profitable recognition - getting recognition on the platform can be in two ways: the professional gets rewards, bringing real differences when it comes to closing a business and getting rewards in HONOR for the quality of services.
● Insurance and guarantees - HONOR adds security and reliability to the service provider's offer, providing services such as customer insurance and extended warranties.
● Recruitment services. Service providers can use their HONOR currency to pay for other services on the platform.
● Investments and capitalization. A registered professional has the right to evaluate his HONOR coins or sell to benefit from the platform itself or partner exchanges.
● Referral bonus - for every new guest you invite 30% of the currency converted to HONOR every month will be sent to the user who invited the previous one.
3. For investors HONOR
● Population and billionaire market. The market of service providers in accordance with the International Labor Organization (ILO) has more than 200 million people in the world. There are 30 million South American service providers, which annually work at 50 billion dollars a year.
● Proven business model - JUBS is a Brazilian start-up company recognized by the federal government program to accelerate start-ups. Inovativa Brasil, Brazil's largest launch accelerator, has a proven product that already works with the first signatures and executed services, is reproducible and scalable.
● Income model. Our revenue model has a big advantage over other initial offers of crypto currency, 50% of the subscription cost of each service provider is purchased in HONOR, providing large money transfers of guaranteed investments every month in the economy.
● High potential for evaluation. All registered professionals are motivated to reserve HONOR in JUBS wallets in order to have access to such resources as providing guarantees, signing insurance contracts or exchanging for other services. These incentives cause a favorable market for the evaluation of the Crypto-currency.
● Confidence in performance. The team of JUBS employees with young talents has a high execution potential and in order to transfer confidence to the market, they signed a 5-year agreement on granting rights (guarantee of participation in business with an investment contract),
● Participation of founders. Only 10% of coins are intended for the JUBS team and in an equal division, which will be lifted only 2 years after the ICO passes.
PROCESSES OF DEVELOPMENT AND FINANCING
To finance international expansion during the research and development stage of the platform, JUBS will hold a coin distribution event, providing 63 million coins for a total of 100 million.All revenues relating to the period of the initial contribution will be used to finance research and development, information security and sectors of international expansion.
5% of the currencies will be used as working capital between the honor in bulk phase and the investors' buy-out on partner exchanges, another 5% will become part of the reward mechanism as an incentive to good reputation and involvement of courts among the users of the Platform.
Also 10% of coins will be distributed equally among the members of the JUBS team, the amount of which will be frozen under a reasonable contract for 2 years. The remaining values will be distributed between the launch marketing and the project consultants.
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DISTRIBUTION OF FUNDS IN THE PERIOD AFTER ICO
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Growth marketing is the development of relationships and culture, customer support, flags and events to transform service providers and marketing into outbound / outbound goods aimed at the end user. Consolidation in Brazil and Latin America, internationalization to other markets.
● Research and development - Research and development of the Web and mobile Jubs platform, integration of tokens through smart contracts, hiring of R & D teams, setting up UX by segments and maintenance and structure to support stable development.
● Legal regulation - legal stability of legal obligations and support for network regulation.
● Management and operations - Cost Support and administrative costs to break-even.
● Cybersecurity - investments in the web and mobile platform, screening, searching and integration are blocked by tokenID.
● Spin - The amount is reserved for intermediation when buying and selling coins between investors and service providers and the tax refund of payments to the partner club.
Some Resources For Reference:
- Author: Sukma2013
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