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Jur Market Report #7 — Q2 2021
3 min read
Jur AG ("Jur") publishes quarterly Jur Market Reports providing regular updates on the state of the market. This includes partnerships, institutional strategies, and relevant JUR token-related announcements. Jur, being a responsible stakeholder and a JUR token holder, chooses to be transparent about its token management to keep the community and other contributors informed. The current report covers Q2 ‘21 (April 2021 - June 2021).  Market reports are published within 10 days of the end of the quarter in review to accommodate events that happened in the last days of the quarter. Q2 2021 Highlights In this quarter, Jur proudly announced a $1M investment made by the legendary Tim Draper, of Draper Associates, who has also joined as an Advisor of the project with the purpose of fostering Jur development and adoption. Draper commented saying “Jur’s digital courts are the future of decentralized justice. The JUR token will be the token of justice in the new blockchain era”.  Jur also announced the launch of a new product, the Jur Roster. The waitlist for modern arbitrators has now officially opened. This plays a pivotal role in the process of creating the new digital standard. Notably, the project’s efforts this quarter have culminated in a listing on Coinmarketcap.  Jur's CEO Alessandro Palombo spoke at the “High-Level Conference for a People-Centered #ejustice2021” organized by the Ministry of Justice of Portugal, about people-centered e-justice 2021. We’ve rebranded! Details about Jur’s new branding identity and the decision-making process behind it can be read in this article.  Finally, Jur has been quoted within the introduction of the official Digital Resolution Rules adopted by the UK Jurisdiction Task Force - a recognition of Jur’s contribution to their establishment: “Digital business relationships and digital assets are eating the world. In this context, the emergence of new digital dispute resolution methods is highly necessary. These rules are a bright example of how innovating in the legal field is possible, without requiring major legislative intervention.” Private contributors The sixth release for private contributors has been issued as per the policy described in Jur Market Report #0. Jur distributed JUR Tokens to all the private contributors who have replied to the official communication sent for the purpose. If you are a private contributor who is eligible for the distribution but did not reply to that communication, please reach out through Jur’s official channels. Company Reserve Despite the statement contained in Jur Market Report #0, Jur has not yet defined a detailed plan of usage for tokens contained in the Company Reserve wallet. Until further notice, these funds are locked up indefinitely. Expenditure Report In the past quarter, the main outflows from Jur AG’s official wallets were related to private contributors and operations: 1,091,605.82 JUR Tokens distributed for community and tech operations as follows: 1,072,668 JUR as payment for old tech development activities done before the IEO (20 months lock-up period expired)13,937.82 JUR as an incentive for community members to participate in the survey in the Jur Official Community5,000 JUR related to hiring and team expansion operations 647,619.00 JUR Tokens distributed as part of the quarterly batches for private contributors. Please note, some contributors did not provide their wallets yet. Jur will be distributing their due tokens as soon as their wallet addresses are received so this might happen at any time during the next quarter. Jur Wallets To provide direct accountability over the established vesting period, Jur publicly shares information about its wallets. IEO supply: 10% of total supply Old Balance: 100,000,000Current Balance: 0 Transactions IDs: 0x5f849b62ffdd2b3beea298f4e1c0dc38974b1c9aab20d00afa3dd306d0217401 0x73e8ff2ac4a9df0e27a5948e0f7145e687870c9522bef152f59dc4cb987456fd Private Contributors: 10% of total supply Old Balance: 20,839,844.14Current Balance: 20,192,225.14Wallet ID: 0xc01b26cd4b9525ad1b67a54fad53a8bff91ae01d Team, Scientific Committee and Advisors: 10% of total supply Old Balance: 100.000.000Current Balance: 100.000.000Wallet ID: 0xf346f1ab880d5b2cd0333bf69c280a732fa4a1c4 Company Reserve: 20% of total supply Old Balance: 200.000.000Current Balance: 200.000.000Wallet ID: 0x5d7fe18beff1c4f16115cb8cfcd87442a89d9278 Business Development, Tech & Operations: 50% of total supply Old Balance: 419,009,524.54Current Balance: 417,917,918.72Wallet ID: 0x747fa3858456f3978cc747ca4290111b933986d5 Recent Highlights Here are the highlights from the past quarter. ANNOUNCEMENTS VC Tim Draper invests $1M in a new blockchain-based dispute resolution platform, calling it 'the future of decentralized justice'Jur releases a new brand identityJur launches the Jur Roster for modern arbitrators COMMUNITY Jur is listed on Coin Market Cap EVENTS Participation in High-Level Conference for a People-Centered #ejustice2021 MORE Contribution to Digital Dispute Resolution Rules - UK Jurisdiction Taskforce ebook Jur Market Report #6, 9th April 2021https://jur.io/blog/announcements/jur-market-report-6-q1-2021 Jur Market Report #5, 8th January 2021https://jur.io/blog/news/jur-market-report-5-q4-2020 Jur Market Report #4, 8 October 2020https://jur.io/blog/news/jur-market-report-4-q3-2020/ Jur Market Report #3, 10 July 2020https://jur.io/blog/news/jur-market-report-3-q2-2020/ Jur Market Report #2, 31 March 2020https://jur.io/blog/news/jur-market-report-2-q1-2020/ Jur Market Report #1, 31 December 2019https://jur.io/blog/news/jur-market-report-1-q4-2019/ Jur Market Report #0, 10 September 2019https://jur.io/blog/news/jur-market-report-0/

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A New Brand of Justice, a New Brand for Jur
Jur has an ambitious vision — to make justice accessible and built for today’s global economy. The legal industry is due for a much-needed modernisation. To lead this movement, we have to look the part. Introducing Jur’s new visual branding. This new look has started and will continue to roll out on our website, social media accounts, and other future communications to support our commitment to bring a new brand of justice worldwide. Jur revised fonts Designing unity in diversity We serve a global community backed by an internationally-distributed team, building a platform that serves justice at the speed of business. So, it is only natural for Jur to take a multicultural approach to ensure that our new branding resonates anywhere in the world. The product is a universally understandable design language that puts a premium to unity amidst diversity. A testament to Jur’s brand of inclusive and accessible justice. Jur's revised colours Digital justice has a name In an industry plagued by fragmentation and confusion, Jur wants to be the simple, understandable, and recognisable name. This desire is reflected by our updated logo, inspired by the mission to unite people through online platforms that deliver unparalleled access to digital justice. the process behind the creation of the Jur logo Our updated logo efficiently shows our aspirations, goals, and capabilities, while making it understandable to the growing global legal community. Picture the future of justice They say a picture paints a thousand words and as a platform with a global footprint, we have the responsibility and opportunity to craft visuals that speak a thousand languages. So, along with our revamped logo, we developed graphic assets that work together to create a powerful visual system that clearly communicates our values and promotes unity in diversity. We identified Jur’s values, took inspiration from ancient and modern legal imagery, and had multiple rounds of consultation with our globalised team. The result is a system of symbols, perfectly reflecting the ideals of the company such as transparency, speed, and accessibility, among others. Instead of telling you, let us show you how we did it: Fastness Equality Accessibility All the other symbols Pushing the boundaries even further, these symbols work together to create intuitive patterns that drive the message of unity in diversity. In the same vein, our modern illustrations will help tell the story of Jur’s mission to provide access to justice for people. These illustrations will show how Jur’s technology is made for people, by people. After all, human-centered design is central to Jur’s design process. These will evolve as we roll out our rebranding, so be on the lookout for new and exciting designs. Thanks to symbols, patterns, and illustrations, we paint the picture of the future of justice — one that is inclusive, accessible, and empowering. The global community’s verdict It is always difficult to please an audience, let alone a global one. However, we are delighted to share that our rebranding was met with positive feedback from our amazing justice tech community. Here are some of their thoughts on the rebrand: https://twitter.com/JurProject/status/1388085842116235264 “A fresh clean logo that goes straight to the heart of the project, decentralised justice.”- @TimmySundstrom on Twitter “I find the logo very clean, neutral looking, and easy on the eyes! [It] speaks effectivity, solution-oriented, and balance.”@MPHAM on Telegram “With this rebrand, the Jur team turns the page for a new exciting chapter in their journey towards a future of decentralised justice”- @RossdaleNL on Twitter and Telegram “It’s a great logo indeed. Really expresses the arbitrating element”- @Crypto_Sid_K on Twitter (@SidKol on Telegram) “In my opinion, a perfectly executed design in tune with what Jur stands for.”- @Juroracle on Twitter (@einers on Telegram) This warm support inspires us to work even harder to realise our vision of making justice simple, accessible, and built for today’s interconnected world. Progressive is in our DNA Similar to our product development’s Road to Decentralisation, Jur’s new look will take a progressive approach. We have started rolling out Jur’s new visual branding in our channels, and more will follow in the coming weeks. With this new branding, Jur is excited to deliver a new brand of justice all over the world — and we want to take more people on this journey.
Breaking from Business Insider: VC Tim Draper Invests $1M in Jur & Contributed on the Token of Decentralised Justice
An important milestone for Jur and the legal tech industry moving towards decentralisation. Business Insider has just released news on the recent $1M funding round by Draper Associates, tech investor and venture capitalist Tim Draper’s seed-stage firm, on the legal tech startup Jur AG. "Jur's digital courts are the future of decentralized justice. The JUR token will be the token of justice in the new blockchain era" - Tim Draper The JUR token was launched in August 2019 as an Initial Exchange Offering (IEO) on the OceanEx Platform and it is also currently listed on CoinGecko. You can find details about the IEO on the official OceanEx website. In the exclusive interview with Business Insider, Jur's CEO and founder Alessandro Palombo talked about his vision for growth. According to Insider’s legal reporter Yoonji Han, Palombo said the startup has plans to use its fresh $1 million investment from Draper Associates to expand its tech and customer success teams to scale its product. The company also recently made some key senior hires, including a new Chief Operating Officer and Chief Product Officer. This is a validation not only for the Jur team and community but for the entire legal industry as we lead the movement towards decentralised justice. With this funding, Jur will be well on its way to revolutionising the legal tech industry by providing justice at the speed of business. Tim Draper, known to support many tech and blockchain projects, is one of the early investors of successful tech unicorns such as Twitter, Skype, and DocuSign, just to name a few. His investment in Jur is a resounding vote of confidence and affirmation of our potential to innovate the legal industry. This news is a welcome addition to our growing list of milestones such as the collaboration between Jur and the UK government through LawtechUK and Tech Nation, and Jur’s recent participation in MDR LAB's accelerator program. Jur’s online dispute resolution platform was released on 31st March and it is now accepting applications for beta-testers who will help us shape the future of justice. Learn more about it here. More: Main website - jur.ioPrivate Beta Platform - Open JusticeJur MDR legal tech Acceleration programJur LawtechUK SME feasibility studySocial media -TwitterSocial media - LinkedinTelegram community