[Crypto Currency] J-Link (JLC) - Block Chain Used Trading Market
New technologies change the appearance of society and generate systems that never existed before. With the introduction of the World Wide Web (WWW), an online culture can be created and you can have your own homepage.
Smartphones and applications have also changed the way people are interacting with entertainment, and have created a variety of cultural changes, including Internet broadcasting and social networking.
We have also changed the online market including home shopping. It's time for you to order things online and get them delivered. In the meantime, the time has come to trade used goods online. The key is trust issues arising from used transactions.
J-Link wants to solve and deal with problems in the used trading market. We want to expand the transparent secondary market and the market with the smart contract function and payment solution of the block chain.
J-Link is promoting the introduction and starting of the main net directly, rather than the specific DApp, among the ICO coins. The tokens to sell are based on ERC20. Blocks are generated every 60 seconds.
What J-Link wants is the formation of a used market called J-Market. Current used trades are growing in size, but they are not very precise to recognize and record, and are very limited.
Because it is an open market form, there are various problems that appear. The secondary trading market in Korea is based on mutual trust. If the seller has a long-term deal, reputation is built up, but not always.
In traditional markets, escrow services can provide transaction safeguards, take possession of goods and pay for costs, but these services incur additional costs.
Smart contracts are a way to reduce these brokerage fees. The block chain gives the transaction transparency and trust. We will also apply this block chain between sellers and traders.
The existing secondary market is limited to a limited area or country. There is also a limitation of the platform of the secondary market and the means of payment. Other than direct deal, there is also a problem of shipping and shipping costs.
This means that shipping and shipping costs are increasing dramatically, which means that the market for the enterprise-type organization has developed, not the connection between individuals and individuals.
Brokerage through J-Link means that people who want to trade in second hand can be linked regardless of nationality or region, and payment can be made through J-Link. The burden on the exchange rate may also be reduced.
Payments made through overseas credit cards, such as VISA, MASTER, or AMEX, or through banks, require a fee. However, transactions through J-Link are not affected by exchange rates and foreign exchange fees through banks and credit card companies, and transactions are established by J-Link.
We build a Reliability System to maintain J-Link's secondary trading market. It is just a quantitative indicator 'J Score' and a qualitative indicator 'user review'. User reviews recorded in the block chain can not be deleted and can not be manipulated.
After the transaction ends, the seller and the buyer write a review with each other, which links the buyer with the private chain of the merchant account. Scores and reviews are encrypted for minimal GAS and privacy. Sellers can gain confidence in the buyer through KYC certification.
Trust Transaction can increase the reliability of J-Link. The seller registers the goods to be sold, and the buyer sends a J-Link coin. Because these records remain, transactions and platforms gain credibility, and you will be able to find past records to give you more confidence. It is a bonus that the GAS is simply paid for the fee, not the fee.
Let's look at the structure and chain of J-Link.
J Link Contents Chain
Seller's used product is registered. Through J-Link's exchange system, the purchaser decides the purchase and sends the payment means to J-Link using C Chain to exchange it with Crypto Currency.
J Link Exchange Chain
The J Market allows a means of payment to make purchases with Crypto Currency, each with a different fee.
J Link (0.2%) <BTC / ETH (1.0%) <Fiat (3.5%)
J Link Node
A node is composed of multiple chains and plays a key role in the system of J links.
It handles transactions between nodes, including coordination roles, and consumes GAS for each transaction.
We have presented the concept of Masternode that makes up J chain, but it does not come out correctly how to build Masternode correctly after Main-Net and how many coins can be built.
Jlink's Roadmap.
May 2017 J-Link development begins.
In the third quarter of 2017, J-Link's white paper is completed and Ethereum Smart Contract development begins.
Start developing website in Q4 2017.
Private Sale will start on April 13, 2018.
May 1, 2018 Pre-Sale is in progress.
May 14, 2018 Public Sale
After the public-sale in Q2 2018, the balance will be canceled.
In the third quarter of 2018, we will release Coin Swap, Wallet, and Block Generation with J-Link's Main-Net 1.0 release.
We are launching the J-Link market application in Q4 2018.
It is a team of J-link. Overall, Linkedin does not exist.
CEO Lee is the chairman of the Chabaoo Scholarship Society, has worked in advertising and marketing in China, and has worked in entrepreneurship and vocational education, such as being a director of the Korea & China Youth Biz Forum.
Cho, a COO, developed the IOT field including nested home, Smart Workspace, and Machine Learning. I worked for CT & Company as a strategic analysis advisor.
CTO Bai you dong has studied and used various programming languages. Dididache also participated in infrastructure development. The languages used are C, C ++, Python, and Linux.
It is an advisor of J-link.
Wyeth Lee was a CRO of Omni Commerce, a developer of Samsung, a Chinese business, and an advisor to EB coin.
Yu-Sik Kim runs a website that has the greatest influence on the Korean internet culture called DC Inside in Korea. We have been sensitive to changes in the Internet culture and have responded to issues, and since we have created the DC Wiki at the crisis of the Korean Wiki Site, participating in the block chain trading site seems to be an issue to look into.
J-Link is a used trading platform and Crypto Currency, which offers a solution to the problems of the existing market, that is, problems in the secondary market.
We are hoping to secure reliability and transparency through smart contracts and expand the market to reduce border restrictions. It also features a way to reduce the foreign exchange fee using the characteristics of Crypto Currency and record transaction record in the block chain.
I am sorry to hear that there is no more detailed alternatives and cost reduction measures for shipping and shipping problems as it is a market transaction, but it seems that there is a possibility that the development will be resolved or the seller will be discretionary in the future.
It is mentioned about Masternode but there is no part mentioned exactly, and it is mentioned that using J node, so we should wait for the guidance to come out later. If you are interested in building a real Masternode, you need to look at how you can run it on Main-Net with a few coins
There seems to be a possibility to show strength in the used trading market in Korea. At present, Naver Cafe's huge used trading site has always been pointed out as an issue of fraud and reliability on the internet. We have suggested alternatives to solve this problem. Yu-Sik Kim of DC-Inside promotes and advertises users If you do not increase the number of users in the entire Internet community in Korea, they are likely to be mentioned and promoted.
However, I do not think it will be a crucial factor for success to check whether it can act as a real secondary trading platform, whether the sellers will enter the market, and whether they will be paid in Crypto Currency.
J-Link: https://www.jlinkcoin.com/
Telegram: https://t.me/JLinkcoin
Twitter: https://twitter.com/JLink_coin
For information of Masternode in Korea. Possible to talk in English
https://open.kakao.com/o/gNrDYAG
I have analyzed based on white paper and published information. Since there is no information that can be verified, it is recommended that individuals conduct further analysis and proceed with their own discretion.
I do not encourage individuals to invest, they share information only for reference.
