JILTOKEN; A NEW REVOLUTION TO BLOCHCHAIN CURRENCY.

In the early years, the popular means of exchange are gold, silver, copper, cowrie shell etcetera.
Many successful people during those times tried so hard to work and earn as smart as they can and save one-tenth of their earning. The savings increase from copper to silver and then to gold. They don't leave it like that or spent it anyhow, they invested and reinvested until they become honorable in society.

As time went by, the means of exchange keep changing and new means start evolving. This is where paper money and cashless banking system of transactions came in. Cryptocurrency also gained its ground.
Before this moment, when people hear about cryptocurrency or digital or virtual money, what comes to their mind is a fraud. This is why it is difficult for some countries to accept it into their means of exchange.

When talking about cryptocurrency, what a layman would think is Bitcoin. This is simply because Bitcoin is the first digital coin ever known. Although Bitcoin is a pioneer in the crypto world. Other fantastic coins are serving the same purpose as Bitcoin. Ethereum is the second in command. These coins are decentralized in such a way that even the government can not regulate their circulation. This is why it is a ban in some countries. Many corrupt countries would find it difficult to welcome.

With this scenario, cryptocurrency has enjoyed many successes. The cryptocurrency was introduced to go beyond the traditional banking system. Although, the banking system is not relenting in ensuring useful revolution. They're now evolving every moment to bring their system into technologically friendly styles. We now have a cashless banking transaction, what a change?

Even though not all countries supported the use of cryptocurrency, research has shown that the unique users of the cryptocurrencies are recorded to be between 2.9 million and 5.8 million active users with a cryptocurrency wallet.
Very soon, the number will skyrocket because the world won't stop advancing.

The statistics of global wealth is increasing and have attained trillions of dollars. With this high volume, there's a need to control and store it. This is where the bank and other financial institution comes in. Cryptocurrency like Bitcoin is not an exception. Many altcoin founders believe that cryptocurrency is the way forward. The blockchain technology is the best for keeping this asset. So, with the unique benefits of what J1 is planning to offer, there are tendencies for this asset to be moved to blockchain.

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Cryptocurrency has a lot of benefits which include decentralization, low transaction cost, can be easily converted, transparent, and international boundless portability, etc.

Disadvantage:

Volatile price fluctuations,
Scalability issues,
It is not easily accessible by non technical users, etcetera

Jiltoken solution

Jiltoken, unlike any other token, is designed in a way that it will be utilized in the same manner as the Fiat or paper money. J1 is tied directly to the USD. This means, although the token is operating on blockchain, it will be equivalent to the dollar value. 10J1 = $10. Amazing!

So, it's volatility depends on the rise and fall of the USD.J1 token maintain lower fee for maintenance by the users and the merchant.
Their mission is to make this token serve as a means of payment in the future.
J1 will be made in such a way to reduce market volatility and boost cryptocurrency usage.

The J1 is designed to remain affordable regardless of market movement and does not have fractional values).

The J1 can be thought of as digital cash, a gift card or credit cards. It can be used for online and offline purchases with merchants accepting the J1. Buyers can give them as gifts through P2P transfer or hold them for future use. Moreover, due to being entirely digital, it can be transferred across borders in any quantity, can be universally accepted, and is completely secure for the user. After receiving payment in J1, the merchant can do anything they would with cash such as making business purchases, converting the J1 to FIAT, or simply holding the currency.)

For more information, visit JILTOKEN website here

Jiltoken Whitepaper
Jiltoken Website
Jiltoken Telegram group

This write-up is a sponsored article written for a bounty reward.”

Bounty0x username - nice2you