Jur AG (“Jur”) publishes quarterly Market Reports to share news about products, partnerships, and strategies and provide notice of $JUR token distribution. Jur AG, a responsible stakeholder and $JUR token holder, chooses to be transparent about token management to keep the community and contributors informed.
Market Reports are published within 10 days of the end of the quarter to accommodate recent quarterly events. This quarter has seen significant progress with the Ethos Testnet going live on Rococo, launch of the Startup Society Founders’ Awards, and much more.
Q1 2023 Highlights
- Jur Ethos testnet parachain goes live on Polkadot’s Rococo
- New Token Model & Tokenomics
- Jur’s solo chain & token swap announced
Events & Acknowledgements
- Startup Society Founders’ Awards (SSFA) Launch
- Weekly Community Calls covering Tokenomics, Network State, Startup Society Founders’ Awards
- Parachain.info Jur listing
- We hired a new addition to the tech team, to be announced in Q2.
Technology & Team
Jur successfully deployed the Ethos Testnet on Rococo. The Jur Chain will soon be released on production as a solo chain while awaiting a Crowdloan auction opportunity for our parachain slot position.
The Token Swap dApp has also been successfully deployed on Ethos and is currently undergoing tests on the solo chain. In parallel, the Startup Society dApp development is progressing towards an alpha release in Q2.
Jur published a new token model featuring the weJUR score concept. Meta-citizens stake $JUR tokens to generate a weJUR score, which will be displayed on their passport. When new society tokens are created on the Jur Chain through Initial Society Offerings (ISO), a supply will be airdropped to citizens in proportion to their weJUR scores.
Finally, Jur has concluded a key hiring that will be announced in Q2.
Community & Publications
The Network State revolution is gathering steam, and Jur is at the forefront. The Startup Society Founders’ Awards is in full swing, with prestigious judges Tim Draper, Trent McConaghy, and Ed Hesse slated to award five founders who will each receive $2,000 USD and 1,000 $JUR.
The awards have attracted a lot of attention with over 50 prospective founders from existing communities representing 500,000 community members. Jur’s Discord community members have been actively supporting the first cohort by asking founders questions and offering suggestions on their proposals.
The community elected a committee of five citizens to evaluate and shortlist the top ten proposals from which the judges will select the five winners.
Jur’s Discord community has notably grown by 60% over the last three months to 622 members, an annualized growth rate of over 500%. And the number of pre-constitutional passports increased by 25%, reaching 2,926 citizens.
In the past quarters, Jur has issued JUR Tokens as per the policy described in Jur Market Report #0. Jur did not distribute any tokens in Q4 ‘22.
Also, Jur negotiated with remaining private contributors to postpone token distribution in a collaborative effort to improve liquidity in the secondary market and support the project’s growth.
With the launch of the Jur chain we have updated our tokenomics to reflect our new path forward; rest assured that this does not affect existing token holders in any way. Following the publication, we will update the wallets listed in the market reports to match these new tokenomics.
Also, note that the amount originally allocated to the company reserve hasn’t been used and should be considered locked until further notice.
In Q1’23 Jur distributed 7,500 $JUR out of its Business Development, Tech & Operations wallet in appreciation for key contributions by Jur allies. No disbursement of $JUR was made to private investors.
Jur publicly shares information about its wallets to be transparent and accountable for the established vesting period. After the token swap the list below will be updated with new wallets and revised tokenomics; tokens can be swapped via a dApp that will be made available to all current $JUR holders.
|Type||Initial Supply||Old Balance||Current Balance||Address|
|IEO||10%||100,000,000||0||Transactions IDs: 0x5f849b62ffdd2b3beea298f4e1c0dc38974b1c9aab20d00afa3dd306d0217401|
|Team, Scientific Committee and Advisors||10%||100,000,000||100,000,000||0xf346f1ab880d5b2cd0333bf69c280a732fa4a1c4|
|Business Development, Tech & Operations||50%||417,904,133.72||417,895,633.72||0x747fa3858456f3978cc747ca4290111b933986d5|
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