JFINCoin [JFIN] — A corporate wannabe of established Startups

Have you ever come across a time when a startup has great idea and numerous company try to do the same. This time we have JayMart a corporate company have launched JFinCoin [JFIN] under JVentures in Thailand claiming to be the first Corporate ICO launched in Asia.

“ Helping the Un-Banked with lending facility and a marketplace ”

Click to read the Whitepaper is available on JFinCoin.io

Quick Numbers

Token Symbol: JFIN
Token Supply: 300,000,000
JFIN Token Maximum decimal: 18 decimal point * (Max for ETH Token)
Initial coin/token offering (ICO): on March 2018
Total Token offer in ICO: 100,000,000
JFIN Soft Caps of ICO: 30,000,000 JFIN

Whitepaper Summary

Quick Summary if you are lazy to go through the whitepaper

• We are real corporate with real Capital
• Helping the Un-Banked in ASEAN Countries
• Thailand has 4 Million Migrant Workers who need financial help
• Use of JFIN = JFin Decentralized Digital Lending Platform

Keywords mentioned on the Whitepaper

Decentralized digital lending, Lend-loan ecosystem, peer-to-peer lending, personal finance, credit scoring, blockchain, smart contract, mobile payment.

JFin Decentralized Digital Lending Platform (DDLP)

JFinCoin plans to provide Lending using the state of the Ethereum Technology to help provide loans to the unbanked. They plan on

• Loan Origination
• Credit Scoring
• Digital / P2P Lending
• Marketplace — Something new added to look different
• JFin Wallet

JFIN Flow Scenario [Analyzed]

How it works

— According to the whitepaper DDLP will use the rate at which JFIN is traded on exchanged pegged to FIAT in this case Thai Baht and will be help as collateral to give loans.

— Validation claiming to be decentralized which is actually JFIN validators. This is Centralized according to the flowchart.

— Basic Micro-Lending platform that we have seen before.

Roadmap

JFIN Roadmap

Conclusion

JVentures and JayMart are trying to do what other ICO’s have already done in the Crypto space. Looks like they are using their corporate power to rule over smaller startups also in the same ASEAN markets as well.

Looks like a corporate throwing in familiar names into the ICO world and corporate Identity in the whitepaper does not mean they have a good chance of doing something when you are trying to do something that is already been done.

• https://everex.io/
• https://www.micromoney.io/

If you were living in Thailand you would have seen a lot of support from Bangkok Post for ICO and ICO related news past week. No wonder Corporate marketing is strong and into luring investors into New Ventures.

Invest wisely and don’t forget to join our chat to discuss about JFinCoin as well.

ThaiBX [ENG]