JULLAR ICO Review

The JULLAR Project Concept

The cryptocurrency space is the new hot place for investors to ride the trading waves and make big bucks, but there is a problem: Shitcoins. Shitcoin happens, there are a lot of these all over the web. It seems every day a massive increase of ICOs are cropping up all over the place and lots of offshore companies running ICOs don’t need to comply to traditional rules. The cryptocurrency world can be pretty scary for the professional and hobby investor alike. What’s JULLAR planning to do to solve this issue?

The JULLAR project aims to create a platform to battle the issues involved with worthless coins and tokens both as full-on blockchains and ERC20 tokens on the Ethereum platform. JULLAR plans to even compensate investing losses over empty blockchains that are nothing more than a fancy whitepaper. But how do they intend to do this?

The JULLAR team has designed a platform they call Joust Jullar, a blockchain serving as a ledger combined with an Ethereum powered smart contract for blockchain leaders and investors to arrange for competition with other blockchain. Although the exact mechanisms for competing with other blockchains are not clearly explained in the whitepaper, the general idea is that they must stake coins on their blockchain and risk losing them. It’s an interesting concept, which affords teams working on blockchain projects the opportunity to prove with some rigor that they are worth investing in.

The question we should ask ourselves though, Is the JULLAR project worth investing in? Reviewing the whitepaper, I didn’t find the exact methodology of the blockchain to be very informative nor the plan all that intelligible. Perhaps they will build the next best thing in the blockchain space, but I’m not confident about that.

The JULLAR team also intends to implement the ICO Scanning Jullar product, an ICO scanner feature, which might be useful and seems more comprehensive. This project seems like an effective tool with an immediately practical use case. However, implementation is key, we’ll just have to see how it comes out.

The ICO is offering 150,000,000 tokens powered on the Ethereum blockchain with a total supply of 1,000,000,000. The team and partners are only taking 3% which is considerably lower than many teams and 2% are available for bounty rewards.

The JULLAR Core Team

CEO - Alexey Morozov
Blockchain Architect - Gaziali Kurbanov

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