Hello everyone, this new post I want to introduce about a very interesting and good project that is Joos, and for more details, let's just go to the following discussion:
About JOOS
JOOS is a simple solution to a global problem.
Global debt is a compounding problem, the less people pay and settle, the more bad debts are created. So let’s stop the bleeding and start some collecting and consolidating. This is the first layer of the JOOS protocol.
Phase 1. A very simple solution to debt collection, a solution we call the accounts receivable mainframe or the acronym ARM.
The ARM network is simple, efficient and scalable and ensures account resolution faster than any other model in the market. We are disruptive because we are both faster and cheaper than all incumbents and we strip away all the resource and labour intensive processes in traditional debt collection. Furthermore, we circumvent industry restrictions and remove human empathy from the collection process.
How does JOOS work?
Simple – Using an immutable distributed ledger and with the help of “validators” your debtors list is verified and data integrity is maintained. At the event of default – 1st and 2nd follow ups are automated mail outs and sms. Third response sets off the social debt collection response. Details of the debt and a bounty are sent out to the network. “collectors” then work using digital and social pressure to remedy account discrepancies.
The problem?
Delinquent debtors place unnecessary pressure on your person or business threatening capital base and sustainability. The current legal system is highly favourable to bad borrowers with wrist slapping penalties that do little to deter bad loan behaviour. The debt collection landscape is aggressive and expensive taking time to yield results and costing you upwards of 50% of your total collection account.
Our Vision
By consolidating the worlds debts and claims under one open source, transparent, distributed ledger, JOOS will create a fair, efficient and honest new lending marketplace. We hope to become the worlds trusted axial for both borrowers and lenders.
TRADITIONAL COST MODEL
TOKEN
- Token name: JOOS
- Ticker: JOOS
- Type: Erc20
- Total supply: 2,000,000,000
- Circulating supply: 300,000,000
- 50% of all fees earned via stake, validate or collect.
To get more relevant details from the Joos project or join social media and sales crowds, please follow some sources for the following references:
WEBSITE: https://jprotocol.io/
TWITTER: https://twitter.com/joosprotocol
TELEGRAM: https://t.me/joosprotocol
Username: samuraijin
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=905398
ETH Address: 0x3f9bb3679f1B71F22d823992078244C87EF4D455
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