JFIN Coin

JFIN is a cryptocurrency designed to be a utility token for the ecosystem of J Ventures's Products, especially on the lending platform.
 
With JFIN, you can enjoy a special interest rate for all loan types in both traditional and DeFi products and also from platform fee special reduction. Additional features and privileges from JMART group. 

The role of the JFin token is integral to the system as a means of utility i.e.powering transactions on the blockchain aka ”gas”. The use of utility tokens are central to the operations of the blockchain as validators are needed to participate to validate transactions and records on the network. In these circumstances, the utility token is a means of incentivising the contribution of computing power. 

Further, the JFin platform is based on proof-of-stake protocol which entails the participants (who are validating the transactions) to place a stake of tokens that are used to ensure the validity of the records. As false records or attempts to tamper with existing records would result in the distribution of said ”stake” to other participants in the network.

Therefore, the JFin coin serves two purposes in its role as a utility token firstly, it allows access to the JFin platform. Secondly, it provides a medium as ”gas” for those seeking to validate transactions on the network. These tokens will be re-circulated as a result of validating these transactions, between the validators and platform providers. The recirculation ratio is calculated by a predetermined algorithm based on speed of transaction and amount of stake. 

The purpose of this ICO, is in fact to provide early backers with the JFin tokens (that are needed for use of the platform) at an early discount that can be used later when the platform has gone live. Therefore, the proceeds from this sale are deferred revenue that will be booked when the tokens are used,therefore attracting the appropriate tax at point of sale.