12.09.2017 e x p r e s s i n v e s t me n t e v a l u a t ... · contains list of legal questions...

12.09.2017

EXPRESS INVESTMENT EVALUATION

ico.jincor.com

Simplification of smart contracts and cryptocurrency transactions for business

Investment attractiveness score В2

Low development potential, highly speculative investment.

digrate.com

Project Outline

Despite the project has ideologically right approach, flossy design and efficient PR-company

it seems to be unable to handle implementation at the moment due to the stated below:

1. Lack of comprehensive and systematic legal matters study (it appears that project de jure is

unable to utilize declared functionality in a majority of countries).

2. Cofounders of the project are lack of experience for managing large-scale businesses

(there’s approved competency only for managing small business which in fact has nothing in

common with digital assets in general).

3. Neither MVP nor any other programming code is available for the project thus there’s no

chance to assess tech side of the project and code compilation (meanwhile it was declared to

be disclosed before ICO).

4. Vague scheme for raised during ICO funds distribution (it’s stated 60% of raised funds to

form the very project budget which is unlikely to be credible).

Thereby participated investors (or those potentially willing to enroll) with high possibility

will ascertain invested equity recession or even total loss. FAQ section on official website

contains list of legal questions dedicated to declared platform functionality. Founders are

aware of projects imperfectness and in fact realize impossibility of project to be implemented

in majority of countries at a current completeness stage, nevertheless they do keep attracting

new investors without any additional warning about feasible risks and restrictions. Some

disclaimers mentioned in English whitepaper are absent in Russian variant.)

As conclusion: Initially sane idea deteriorated by lack of possible risk and restrictions

notification. Particular methods for idea implementation weren’t disclosed yet.

Fraud Rate: “High”

Fraud Rate mark means the possibility for declared goals not to be accomplished in the

nearest future notwithstanding assumed malice occurrence or absence.

Investment evaluation of Jincore ICO p. 2

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Jincor projects investment attractiveness - Low development potential, highly speculative

investment.

Extended Outline

Jincor project was launched in May 2016 and currently undergoes closed beta-testing stage.

Pre-ICO took place in August 2017. Main ICO event is planned to take place in November

2017.

Qualitative PR and relatively transparent legal component of the entity is positively

characterizing the whole project, as well as its founders.

Jincor Limited (№ HE 366 361) is existing company and Vagan Abelyan, Vladislav

Kirichenjo are among of foundations executive officers. “Business-network” LLC,

(registration number 7702401359), is also existing company listed in official Russian

business register.

Company is a subject for criticism due to the absence of projects’ technical details: despite

MVP was declared to be it appeared that there is no product at least somehow comparable to

amount of funds raised during pre-ICO. Source code and technical documentation are

available for projects units (including messenger), however these units are subtle part of

declared proceedings and cannot be recognized as considerable result.

It was declared that in case of successful development Jincor will empower business to

utilize all blockchain technology benefits without necessity to deploy and implement it in

working flow on one’s own. Platform announced wide range of functionality to be executed

including cryptocurrency transactions and smart-contracts maintenance (inter alia

employment contracts, contracts with counterparties, payments and etc), as well as digital ID

and secure messenger. Obviously there is precise demand for platform to appear, from the

other side too thin spread functionality and lack of required experience along with imperfect


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legal component (nowadays cryptocurrencies aren’t recognized and properly regulated in the

majority of countries) creates a threat for project to be fulfilled. Besides, smart-contract

signed without proper conventional paperwork is very likely to be recognized as unverified.

Founders declare negotiation with EPO – SKB Kontur, but even if counterparty research

services will be integrated on platform this won’t automatically allow entering into

international contracts or handling cryptocurrency payments. Particular methods to form

declared digital jurisdiction neither were described from technical standpoint nor from legal.

It is stated in whitepaper that 15% of raised funds will be spend to prepare legal infrastructure

related to cryptocurrency payments and smart-contracts, nevertheless it’s not stated where

and what is more important how $2 million will motivate lawmakers.

Major strengths:

· Quite precise road map, which nonetheless was done in “large stroke” manner.

Whitepaper and some technical documentation are in public domain, comprising data has

no visible contradictions.

· Projects’ team conducts qualitative PR. At least few team members are really existing

persons who are doing reports during specialized meetings and have a writing activity.

· Founders have visible public activity and engaged in open dialogue with investors via

social network and telegram channels.

· Declared functionality is in great demand by community, potential projects’ market is

enormous and covers small and medium-sized businesses. Digital jurisdiction is an object

for desire for numerous crypto enthusiasts throughout the world.

· The project has already attracted investments during pre-ICO.

· Project’s founders have approved competency for managing small business.


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Major weaknesses:

· Founders are lack of substantive business experience which is limited by experience

acquired through managing small companies different from projects’ main theme.

According to LinkedIn profile for project’s CTO Dyagteruk Andrey in 2014 he graduated

from National Research University (N. Novgorod) and possess some experience which

could be recognized as substantial.

· Utilizing smart-contracts when working with any counterparty is either exacerbated by

need to duplicate it with proper paperwork or narrowing market in a way when only

blockchain adherents could enroll.

· Project’s source code is still mostly hidden (except for one unit which is not utilizing

blockchain structure - messenger). Units which are utilizing blockchain issued on top of

Hyperledger source code.

· Project is designed to authorize cryptocurrencies, however regulatory framework in the

majority of countries still absent and it is unclear when digital assets both receiving and

employing will be permitted so cryptocurrency could claim its part of market.

· Tokens in Russian are deprived from any legal regulation at the moment and according to

the Head of Central Bank statement it is extremely incomprehensible when and in what

state in will be implemented.

· Accumulating entire company’s data in one place create a threat for information to be

corrupted due to security violations which makes platform unreliable especially for large

enterprises.

· Project declares wide range of functions to be implemented which is always challenging

to perform at an acceptable quality level.

· Some disclaimers mentioned in English variant of whitepaper are absent in Russian

variant.

According to the DIGRATE consideration:

Fraud Rate: “High”


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Fraud Rate mark means the possibility for declared goals not to be accomplished in the

nearest future regardless project founders bear either fraudulent intention or just poor

judgment. Fraud Rate should not be treated as an infringement or any bad behavior

accusation by any third party.

Jincor project investment attractiveness rated at B2 - Low development potential, highly

speculative investment.

Project Information

Jincor is a blockchain platform which is aiming to empower business to utilize all blockchain

technology benefits without necessity to deploy and implement it into working flow on one’s

own. First of all it’s an instrument for B2B communications unifying enterprises, employees,

and assets in one blockchain-friendly ecosystem for secure transactions, with which

participants could manage truly reliable smart-contracts and digital profiles within digital

jurisdiction.

Jincor is willing to improve transactions and bind them to digital assets, contractual and legal

relationship via smart-contracts.The very aim of the project is to create a global platform for

entities and guarantee simplicity of business relations establishment throughout the world.

Platform is about to unite both entities and assets into autonomous blockchain based

ecosystem. Founders are stating transactions legality, including all legal matters, to be backed

by smart-contract which is issued on top of Hyperledger open source code thus this fact raises

concerns about what exactly that mean inasmuch as in the majority of countries

cryptocurrency circulation is restricted or even prohibited so that entities are unable to utilize

it legally.

Smart-contracts on their own are also in demand for proper regulation and legal verification

which could occur in case of using electronic signature which is verified by Certificate


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Authority. Existence of above-mentioned centers in Jincor conception was not revealed all

the more so they are absent from international relationships agenda, however the founders

gave a

respective answer in this issue, founders stated currently ongoing negotiation with well

known Russian Electronic Paperwork Operator (EPO) – SKB Kontur.

According to official news on website, project has already raised $400 000 during seed stage

from anonymous investor; the August pre-ICO resulted in raised $350 000 for project. Main

ICO event is planned to take place in 1.10.2017 and intends to raise $13 million more.

According to the roadmap open beta-testing period is planned in September 2017 but there is

no relevant information yet.

Team

According to LinkedIn profile the project’s CEO Vladislav Kirichenko mastered in food

industry specialization. He is currently known as CEO in «Triumph» LLC. No relevant

information about this entity was initially defined but eventually verified basing on the results

of communication with the team. Whitepaper declares that «Triumph» LLC was running milk

manufacturing and wholesale business. Neither any profile experience nor experience in

large-scale business managing was recognized. In 2013 he graduated from Russian Financial

Academy under Government (Finance Academy under the government of the Russian

Federation).

Facebook profile (https://www.facebook.com/vladislkr) does not contain any valuable

information about project or owner's activity.

According to the LinkedIn profile working experience for project’s cofounder and COO/CFO

Vagan Abelyan is only confined to Jincor project. «Triumph» LLC where he was listed as a

co-owner with Vladislav Kirichenko is not mentioned in any social network. His Facebook


https://www.facebook.com/vladislkr

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profile also does not contain any information about previous job. With high possibility there

were some pre-paid articles published in rb.ru and other websites (check references section).

Like the first founder,Vagan in 2013 graduated from Russian Finance Academy under

Government. (Finance Academy under the government of the Russian Federation)

Whitepaper states that in 2013 project founders V.Abelyan and V. Kirichenko established

«Triumph» LLC, which 3 years total revenue exceeded 0,35 billion in Russian rubles, then in

2015 has acquired manufacturer of ready-made food products called “Munchies” so it

became profitable, which wasn’t verified.

There is no project related information in Tomas Karners’ (Sweden) Facebook profile who is

currently known as one of team members, his activity description vaguely stated as “Global

player”.

There is posted link from projects’ website main page to another website - Pinterest which

belongs to one of the team member - Hasan Erkenov, that project is not evidently related with

Jincor for the reader.


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Jincor foundation is also mentioned as a place of work for: Georgii Paliani (known as

“international ambassador”), PR executive Ekaterina Tarasova, blockchain expert Andrey

Dyagteruk, content manager and other developers.

Project’s CTO Andrey Dyagteruk who graduated in 2014 from National Research University

in Nijniy Novgorod is positioned as blockchain expert with 8 years commerce programming

background. It is stated that he was working for some large-scaled e-trade platforms and

fintech startups. At the beginning of career he developed a “100 to 1” game for social

network with up to 10 million users monthly in its prime. He was leading developer in

Rocket Internet accelerator.

The project is free from members who were earlier caught in fraud related or failed projects.

Team members’ profiles are in public domain and verified.

Founders organize webinars, videoconferencing events and are engaged in open dialogue

with investors via social network and telegram channels.

Legal Setup

Jincor Limited (№ HE 366 361) is existing company and Vagan Abelyan, Vladislav

Kirichenko are among executive officers. Affiliated company “Business-network” LLC,

(registration number 7702401359), is also existing and listed in official Russian business

register.

There is also SPV structure mentioned for distributing options among key staff, which is

established in British Virgin Islands (Jincor Special Ltd.). Well-conceived holding scheme is

quite positive point for valuation.


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Implementation of corporate digital signature according to road map is scheduled for May

2018, nevertheless it is still unclear what it will be, how it is going to work and what’s the

most important what the clients do until signature implementation takes place.

Digital rights protection center (http://digitalrights.center) conducted legal opinion on Jincor

crowd sale.

1. Legal status of contract regulating token purchase is not clearly defined thus it is likely

impossible to pass Howey Test successfully, which itself could lead to the possibility for

some National fiscal authorities to recognize tokens as uncertified security.

2. Platform offers to execute cryptocurrency payments between entities in any jurisdiction,

not taking into consideration that according to current national legislation the majority of

countries treat cryptocurrency transactions as currency surrogate transmitting thus that could

lead to inevitable administrative or even criminal liability. Money transmitting clearing for

cryptocurrencies is eligible only in a few crypto-friendly states. Besides, legal entities which

are using such means of payments are deprived of the right to apply to the courts in defence

of violated rights moreover utilizing tokens as a payment medium could be treated as invalid

deal.

3. Platform offers to execute salary payments for participating employees in cryptocurrency

disregard of jurisdiction and without taking into account the fact that according to national

laws of the majority of countries non-cash compensations are restricted or even prohibited

(e.g. Russian labour Act, article 131).

4. Platform offers to use arbitration clause between participants to resolve contractual

disputes nevertheless court’s name, location and detailed conditions of litigation are absent.

5. Terms&Conditions (public offer) which describes all essential conditions for token holders

who participated in distribution during and after ICO is absent (although link is given in WP)

thus parties are deprived of the opportunity to determine their rights and obligations.


http://digitalrights.center/

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6. Service lacks privacy policy (including processing of personal data) within the national

legislation in a company’s location.

7. “here are no conditions regulating mandatory verification for companies (known as “KYC”

policy) thus participants are likely to face restrictions when exchanging ETH for fiat money

inasmuch as they won’t be able to prove assets legitimacy and anti-money laundering

compliance (LMR).

8.Whitepaper contains “zero day warranty” that fully restricts the rights of investors and does

not allow to have a minimum amount of investment guarantees, including conditions to claim

tokens back.

9. There is evidently no undertaking related to code security breaches and third party

misconducts (like DDOS, theft and etc) regarding users’ profiles stated in WP.

10. Neither applicable law nor jurisdiction is defined for any possible trials related with

project’s implementing.

PR

Project description is available in two languages on the website: Russian and English.

Company is also maintain it’s public Facebook profile

https://www.facebook.com/jincorlimited and Telegram channel https://t.me/JincorICO.

Twitter official webpage https://twitter.com/jincor_ico.

The team regularly publishes updates, articles and chat with investors in Telegram,

videoconferences and webinars.

Jincor project sponsored cryptocurrency conference “Coinference” which took place on July

30 in Moscow as well as participated in ICO.intro and other public meetings.

More than 10 articles were published in media (check references section for more details).


https://www.facebook.com/jincorlimited


https://t.me/JincorICO

https://t.me/JincorICO

https://twitter.com/jincor_ico


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PR campaign is consistent and wisely conducted in general.

Negatively colored articles were not detected however project has moderate rating on

Geektimes where some negative comments occurred: readers were pointing out that some

articles have irritating “tone”, technical side of the project is poorly highlighted and it seems

like fund raising is a primary goal for founders.

Jincor team was asked for answers on the questions stated below:

1Q. How contracts are going to be specifically legalized (accomplished) on your platform?

A: There are different smart-contract types:

1) Smart-contracts which are solely representing business processes automation. In such case

company is free to obtain a paper variant of smart-contract which will possess full legal effect

whereas smart-contract will execute only e-workflow.

2) Smart-contract as a separate legal element. In that case smart-contract is acting like an

independent and fully functioning legal document. Already for a long time in the majority of

countries e-workflow has been legally utilizing at the state level (in Russia for example it is

e-workflow and data reporting systems), All what Jincor currently needs to do is to integrate

digital signatures which will obtain legal force. For instance In Russia we already have

preliminary arrangements with company working in e-workflow field – SKB “Kontur”.

2Q. How entities are going to proceed cryptocurrency payments taking Russian residents for

instance?

A. Russian residents are prohibited from legally cryptocurrency usage. Until Russian

lawmakers succeed in a cryptocurrency regulating the use of module for Russian residents is

undesirable since they won’t be able to take it on balance, utilize it properly and legally. At

the same time some countries which we are actually aiming to market in, had already

regulated cryptocurrencies long time ago. From this list of countries we primarily highlight

Japan and South Korea. For instance Japan legalized crypto-currencies have already obtained

the monetary status for a half a year and are completely legal .

3Q. Where can I observe MVP?


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A. No answer was given.

4Q. What was founders' experience in managing large-scale businesses? (Company name,

registration number or another ID if it was an abroad entity)

A. Project's founders were managing own-established entity - “Triumph” LLC (Registration

number was given but according to Jincor team appeal will not be revealed publicly), which

was running milk manufacturing and wholesale business for 3 years. For 3 years of

company’s existence its revenue exceeded 0,35 billion in Russian rubles. Such results were

only founders’ merit and were attained by virtue of self-discipline and owners competence.

ICO details

Generalized roadmap and whitepaper are available in public domain; information is logically

expounded and has no visible contradictions.

There is no ready-to-use product at the moment. Beta version is expected to be available in

September 2017 but no substantial data about projects’ technical side made directly by the

developers has been revealed. ICO campaign is ended. During pre-ICO developers were

offering to purchase 4% of total JCR token supply with a 50% discount what resulted in $350

000 raised funds capitalization, which itself is positively characterizing ICO’s scheme. Funds

raised during pre-ICO are aiming to fulfill further product development.

ICO is planned to start on 1.10.2017 (tokens distributing, selling and other details are to be

set in September 2017), founders are willing to raise $13 300 000 (1 JCR token = $0,5). This

is a minimum threshold to raise for which project’s team undertakes to release only the

messenger (open source code, no blockchain technologies will be actuated). Arguing the

weakness of such goal positioning the team presents messenger as a working platform for

other micro services implementation which will be finalized subsequently.


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The goal of coding a $13 000 000 messenger raises concerns about value for money even if

that messenger posses smart-contract utilizing feature.

It is declared that 35 000 000 of JCR tokens to be fixed amount of the supply and there will

be no additional emissions thus that should sustain cost increase. 75% of tokens supply to be

put on sale at the starting price $0,5 during ICO. 4% of tokens supply had been sold during

pre-ICO which took place in 21 August 2017 with 50% discount on initial price. The rest

20% to be distributed among bounty campaign participants.

Founders decided to decline dividend model to avoid rough going with large

crypto-exchanges eventually aiming to improve token liquidity in a long run.

Development plans

JCR tokens are designed for sustainable platform operation. Core functions are perceived to

be free to use, however some options (cryptocurrency account establishment, smart-contracts

conclusion, financial instruments [letters of credit, collections of payments, overdrafts,

factoring] as well as arbitrage) are supposed to be delivered on a paid basis or for JCR tokens.


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As stated by the team, balanced price to be -$5,14 in two years period in accordance with

condition that amount of active users (enterprises) will reach 20 000 units with 3 000 000 of

involved personnel, which appears to be quite ambitious plan for 2 years.

JCR tokens are developed on top of Ethereum blockchain with ERC20 protocol standard.

Token will become an instrument for transactions recording in Jincor ecosystem as well as

inner platform currency thus tokens are going to be assured by value of team’s decisions and

platform developmental growth.

No plans referring to distribution of expected to be raised during ICO $13 000 000 were not

revealed, there are only general statements indicating: 60% of funds to be allocated into

technical development; 20% into PR business expansion; 15% into legal matters study and

5% for other unassigned expenses.

Market and competitors

Due to the fact that platform will allow to conclude different types of smart-contracts (labor,

real estate and etc) it’s market segmentation refers to B2B segment. As stipulated by

founders, Jincor project’s potential clients are private and public entities; self-employed

entrepreneurs; non-commercials; state institutions and government facilities; international

entities. Thereby target market capacity consists of the total number of established entities

throughout the world, i.e. estimated at more than 250 000 enterprises according to Jincor.

Part of these entities are pondering about implementing blockchain and by 2025 founders are

expecting B2B market extension to $20 billion whilst cloud services market is already

estimated at $20 billion. Project’s business competitors in general are: Codius, Counterparty,

Simbiont, BitShares and Steemit, Waves, Imandra Contracts, Rootstock, AntShares et.al.

Core competitors are other systems which are engaged in “law jurisdictions” development

like CodeX (http://www.tradecodex.com/). Some Russian entities are also working under


http://www.tradecodex.com/

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blockchain implementation, Raiffeisen bank and Sberbank amongst them, some other

“whales” also joining competition.

There is also known competitor for project’s messenger – STATUS, which already raised 7

billion Russian rubles during ICO. The main difference is that Jincor primary goal is

corporate ecosystem development whereas STATUS is mostly oriented to B2C segment.

Disclaimers presence

Description of disclaimer is available in ICO’s smart-contract (https://etherscan.io/terms).

One should accept disclaimer before purchasing JCR token.

Disclaimer of liability mentioned in English whitepaper

(https://s3.eu-west-2.amazonaws.com/jincor-ico/whitePaper.pdf). That disclaimer claims the

following: distributor shall not be liable for any indirect, special, incidental, consequential or

other losses of any kind, in tort, contract or otherwise (including but not limited to loss of

revenue, income or profits, and loss of use or data), arising out of or in connection with any

acceptance of or reliance on projects’ Whitepaper.

«NO REPRESENTATIONS AND WARRANTIES» states that Jincor and/or the Distributor

does not make or purport to make, and hereby disclaims, any representation, warranty or

undertaking in any form whatsoever to any entity or person, including any representation,

warranty or undertaking in relation to the truth, accuracy and completeness of any of the

information set out in Whitepaper.

Jincor ecosystem is a combination of decentralized applications (dApp) and classic

web-applications that allows any user to establish entities and manage them on top of

Ethereum blockchain with no legal, technical or operational support.

As intended by founders, Jincor modules ensure all functional features which could be

required for doing business: instruments for efficient management, instruments for improving

internet presence, role management inside company, searching for new business partners and


https://etherscan.io/terms

https://s3.eu-west-2.amazonaws.com/jincor-ico/whitepaper.pdf

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setting up connections, intra-corporate and inter-corporate communications, cryptocurrency

accounts, payments and smart-contracts.

Third-party corporate applications are connecting into Jincor in a single-screen mode.

Founders declare that users will gain access to utilize secure intra-platform cryptocurrency

transactions; to create any kind of smart-contacts including labor, counterparty contracts,

payment and property contracts. Digital identification and secure communications are

provided.

It is planned that Jincor will allow to utilize all blockchain technology benefits for business

without necessity to deploy and implement it in a working flow.

Jincor module structure consists of:

Core – set of infrastructural smart-contracts which are issued on top of Ethereum blockchain

and allows other modules development. It is essential for placing smart-contracts between

counterparties.

Smart-contracts – decentralized module for contracts itself which is enabling users to create

and conduct B2B smart-contracts while utilizing simple graphic user interface.

Auth – micro-web-service using JWT-authentication with open source code.

Companies – a one of-the-list web-application which allows creation of companies’ profiles ,

inviting or deleting employees from the list, allocating roles inside the company (essentially

it’s CRM).

Messenger – decentralized platform for intra-corporate and inter-corporate communications. It is built on top of Matrix protocol (http://matrix.org/). E-Documents - module which is embedded in Jincor Messenger interface and allows to

securely store, send and sign all kinds of electronic documents.

Cryptocurrency wallets – cryptocurrency wallets which will open the door to a wide range

of financial instruments used in business, such as letter of credits, overdrafts, insurance of

payments and etc. Companies will be able to create multiple cryptocurrency wallets for one


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account (entity or individual), which makes it easier to organize bills and maintain

book-keeping.

Arbitrage – decentralized applications (dApp) which help settling disputes related to the

execution of smart contracts. Trusted members will be chosen by Jincor system randomly,

considering smart-contracts' specifics and area of application. Jincor arbitration system

provides remuneration for arbitrators.

There is too broad functionality declared thus it is very likely for the project not to be

accomplished in the near future.

Technical Advantages

Secure and sustainable database is executed by blockchain based on Hyperledger

technologies: https://www.hyperledger.org. Through a considerate symbiosis of classic and

decentralized applications safety of smart-contracts (in Core unit issued in top of Ethereum

blockchain), digital identification systems and other modules is solidly insured.

The same combination is claiming to amplify users with a handy visual tool to benefit from

blockchain technology without any peculiar knowledge.

Jincor actuates secure B2B-communications platform which includes digital identification

service. Digital IDs are supposed to be base elements for full corporate players’ involvement

and platform will be represented as digital jurisdiction where participants operate using all

blockchain benefits.


https://www.hyperledger.org/


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Source code is currently available for Messenger module on the official website. It works basing on Matrix protocol (http://matrix.org/). Detailed technical documentation is also available for Auth module which is using JWT-authentication (https://tools.ietf.org/html/rfc7519).

Technical Disadvantages “One-place” database accumulation creates conditions for different types of malice. The only one thing to cope with such kind of threats is motivation program providing a token-form fee for revealing security breaches. However the price of information that is threatened with disclosure can be significantly higher than the cost of the company's tokens. Despite the amount of attracted investments, nearly all modules are undergoing closed beta-testing stage. No full project’s technical description is available at the moment. Whitepaper lacks technical explanations; platform consists of a number of modules and units amongst them are Messenger (which is literally Matrix.org fork) and Auth (which is actually open sourced standard). These units are the only ones which are finished yet moreover they are working apart from Ethereum blockchain.


http://matrix.org/

https://tools.ietf.org/html/rfc7519

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It is highly problematic to discuss the project’s technical part at this particular stage as long

as no relevant data in order to conduct a survey was discovered. No substantial data was

revealed after scanning project’s github profile, apparently Jincor project is neglected by

Github community. Almost all project’s repositories are forks.

Declared functionality firmly cannot be recognized as too complicated when considering

piecemeal. Assembling project from autonomous units which are actually coded under open

licenses is not a problem thus that will enable one to show prompt results, issue release for

messenger, smart-contract and other. Problems may occur while implementing own code and

with modules compatibility, as well as with necessity for debugging and code revising for

project needs.

Another problem arising from the tech side is lack of precise plan for “own” code

development. Frankly it is not complicated to raise Messengers’ network, however coding

your own proper smart-contract constructor seems to be much more complicated task. No

technical milestones’ description among available for researchers data was not revealed.

Disclaimer

This report is the intellectual property of DigRate. The following content is intended for

informational purposes only. This information may not be distributed in any way or in any

form without the prior consent of DigRate and links to www.digrate.com This evaluation

expresses the views of DigRate and does not constitute a statement of fact or

recommendation to buy, hold, or sell these or any other assets, or make investment decisions.

DigRate assumes no responsibility for any consequences, interpretations, conclusions,

recommendations or other actions directly or indirectly related to the evaluation performed by

DigRate, or the observations and conclusions contained in the ratings report and press

releases, or the absence of any of the above. Current valuations and recommendations can


http://www.digrate.com/

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only be found on the official website www.digrate.com. The DigRate team expresses its

respect to all enthusiasts of the cryptocurrency world.

The legal opinion prepared by Digital Rights Center

Contacts And Articles

Web-site https://ico.jincor.com

Refferences In English:

https://ico.jincor.com https://www.reddit.com/r/Jincor/

https://bitcointalk.org/index.php?topic=2039071.0

https://github.com/jincortech

https://medium.com/jincor

https://www.crunchbase.com/organization/jincor#/entity

https://cryptoinsider.com/decentralized-arbitration-address-blockchain-disputes-jincor/

https://medium.com/jincor/jincor-blockchain-powered-enterprise-communications-a920cf005

e10

https://medium.com/jincor/digital-identification-pros-and-cons-of-deanonymization-84d4254e

767f


http://www.digrate.com/

https://digitalrights.center/

https://ico.jincor.com/


https://www.reddit.com/r/Jincor/


https://github.com/jincortech

https://medium.com/jincor

https://www.crunchbase.com/organization/jincor#/entity

https://cryptoinsider.com/decentralized-arbitration-address-blockchain-disputes-jincor/

https://medium.com/jincor/jincor-blockchain-powered-enterprise-communications-a920cf005e10

https://medium.com/jincor/jincor-blockchain-powered-enterprise-communications-a920cf005e10

https://medium.com/jincor/digital-identification-pros-and-cons-of-deanonymization-84d4254e767f

https://medium.com/jincor/digital-identification-pros-and-cons-of-deanonymization-84d4254e767f

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https://tokenmarket.net/blockchain/ethereum/assets/jincor/

https://www.investitin.com/jincor/


На русском языке:

https://ico.jincor.com

https://s3.eu-west-2.amazonaws.com/jincor-ico/whitePaper_ru.pdf

https://s3.eu-west-2.amazonaws.com/jincor-ico/summary_ru.pdf

https://rb.ru/opinion/kontrakty-umny-i-horoshi/

http://forklog.com/pravovaya-blokchejn-ekosistema-jincor-predstavit-publichnuyu-versiyu-svo

ej-platformy/


https://geektimes.ru/company/jincor/blog/292401

http://www.nanonewsnet.ru/news/2017/tsifrovoe-prostranstvo-teoriya-detsentralizovannoi-ar

bitrazhnoi-sistemy-budushchego

Social Networks

Telegram: https://t.me/JincorICOeng

Facebook: https://www.facebook.com/jincorlimited

Twitter https://twitter.com/jincor_ico


https://tokenmarket.net/blockchain/ethereum/assets/jincor/

https://www.investitin.com/jincor/


https://s3.eu-west-2.amazonaws.com/jincor-ico/whitepaper_ru.pdf

https://s3.eu-west-2.amazonaws.com/jincor-ico/summary_ru.pdf

https://rb.ru/opinion/kontrakty-umny-i-horoshi/

http://forklog.com/pravovaya-blokchejn-ekosistema-jincor-predstavit-publichnuyu-versiyu-svoej-platformy/

http://forklog.com/pravovaya-blokchejn-ekosistema-jincor-predstavit-publichnuyu-versiyu-svoej-platformy/


https://geektimes.ru/company/jincor/blog/292401

http://www.nanonewsnet.ru/news/2017/tsifrovoe-prostranstvo-teoriya-detsentralizovannoi-arbitrazhnoi-sistemy-budushchego

http://www.nanonewsnet.ru/news/2017/tsifrovoe-prostranstvo-teoriya-detsentralizovannoi-arbitrazhnoi-sistemy-budushchego

https://t.me/JincorICOeng

https://t.me/JincorICOeng



