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.”
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.
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.
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 Community
- 5,000 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.
To provide direct accountability over the established vesting period, Jur publicly shares information about its wallets.
IEO supply: 10% of total supply
Old Balance: 100,000,000
Current Balance: 0
Private Contributors: 10% of total supply
Old Balance: 20,839,844.14
Current Balance: 20,192,225.14
Wallet ID: 0xc01b26cd4b9525ad1b67a54fad53a8bff91ae01d
Team, Scientific Committee and Advisors: 10% of total supply
Old Balance: 100.000.000
Current Balance: 100.000.000
Wallet ID: 0xf346f1ab880d5b2cd0333bf69c280a732fa4a1c4
Company Reserve: 20% of total supply
Old Balance: 200.000.000
Current Balance: 200.000.000
Wallet ID: 0x5d7fe18beff1c4f16115cb8cfcd87442a89d9278
Business Development, Tech & Operations: 50% of total supply
Old Balance: 419,009,524.54
Current Balance: 417,917,918.72
Wallet ID: 0x747fa3858456f3978cc747ca4290111b933986d5
Here are the highlights from the past quarter.
- 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 identity
- Jur launches the Jur Roster for modern arbitrators