JENCO TECH

  Now that the idea of decentralized finance is clear, what are its specific use cases? How can one take advantage of DeFi technologies? How beneficial is it to the user? The answer to these questions is simple; DeFi can replace the existing financial services and add decentralization to it. Here are some of the examples.  Lending and borrowing without a bank This year, we have seen a significant increase in DeFi coins. Most of these introduced coins are financial platforms where you can receive interest for lending your coins. These platforms use DeFi technology to find lenders and borrowers and connect them. This is done by a smart contract, which is mostly running on the Ethereum network.  One example of lending and borrowing in DeFi is the JENCO loan. It is an API that connects to all major lending platforms, such as Poloniex, DDEX, Aave, Argent, Compound, and InstaDapp, to make sure participants will accurately lend out their crypto assets and receive in time withou...

  DeFi Use Cases Foreign Exchange (Forex) Foreign exchange , interchangeably referred to as forex or FX, is a type of trading that occurs across different markets or currencies worldwide. Trade happens between two pairs of currencies, and their exchange value depends on the present exchange rate in a chosen market. For example, in an exchange between the USD (US Dollar) and the GBP (Great Britain Pound or British pound sterling), the current rate is 1USD for 0.76 GBP. This exchange rate may be different across markets and timeframes.

The current bottlenecks for Defi lending services that it is hard for traditional investors to understand and participate; as a result, JENCO LEND toolkit will have advance APi that connects to all major lending platforms; such as, Poloniex, DDEX, Aave, Argent, Compound and InstaDapp, to make sure participants will accurately lend out their crypto asset and receive in time without compromising security.  Jenco Tech believes it is in the investors favour to lend out their digital assets than utilising decentralised finance networks. As a result, JENCO Bot was created as a fully automated lending system, cushions investors against crypto volatility. The bot monitors the digital money market for optimal returns on an investment. As a user, you are required to have an account with JENCO Bot then linked via API to the supported exchanges to automate the lending process. (Bitfinex & Poloniex)

Jenco protocol as one of the first automated decentralized derivative protocols will incentive top traders around the world to share its trading strategies, then traders will share profit and network fees depending on the amount of participants on their strategies. Likewise on the protocol panel, it will internally select the top traders with reviewed and evaluated the best trading result offer to participants. Jenco protocol will atomic swap participants’ asset to MT4 account and run the strategies; in the meaning time participants’ asset will collateralize with Jenco protocol’s cold storage asset in BTC and USDT.    

  DERIVATIVE TRADING PROTOCOL The platform provides a decentralized protocol for creating and trading financial derivatives on the blockchain with ease of use. JENCO LOAN The toolkit connects to top Defi lending protocols such as, Compound, and Aave to track and find the highest interest rate for investor. JENCO Bots JENCO Bots is a fully automated lending system that cushions investors against the crypto Volatility and integrated with big exchanges, Bitfinex and Poloniex.  

  Jubilee Energy and Commodities or JENCO is now going full blast with its digital investing and trading venture that promotes decentralized finance (DeFi). After officially introducing its new platform last month, the company is offering new profit opportunities especially for those who prefer alternative currencies. Tony Jackson, the CEO of JENCO, says their business is not about supplanting the current financial ecosystem, though. The company aims to bridge the traditional financial markets with digital finance by providing an efficient system that harnesses the power of smart contracts and token solutions. Jackson acknowledges the challenges of offering something novel to traders and investors. The idea of financial decentralization coupled with blockchain technology is yet widely accepted. Many know about digital currencies, but they have limited comprehension of how it works. That’s why JENCO is offering a simplified platform that allows anyone to rake in pro...

When it comes to the creation of next-generation financial primitives, Decentralized Finance (DeFi) does just that. By leveraging open source software and composable frameworks, DeFi allows anyone in the world to utilize financial services in a trustless and transparent manner. The team behind Jenco Tech will enable and bridge between non-crypto and blockchain user to “Defi”.   Jenco protocol as one of the first automated decentralized derivative protocols will incentive top traders around the world to share its trading strategies, then traders will share profit and network fees depending on the amount of participants on their strategies. Likewise on the protocol panel, it will internally select the top traders with reviewed and evaluated the best trading result offer to participants. Jenco protocol will atomic swap participants’ asset to MT4 account and run the strategies; in the meaning time participants’ asset will collateralize with Jenco protocol’s cold storage a...

  As the name implies, Jubilee Energy and Commodities entails trading in the field of energy and commodities. However, the Jubilee Group seeks to provide something innovative with the addition of cryptocurrency trading. By doing this, the company strives to offer something novel but practicable and viable. The Jubilee Group acknowledges that competing with the dominant players in the global commodities market is an extremely tall order. A new company that is still establishing its client base, let alone its clout, will expectedly encounter difficulties. The challenges will be tough and punishing. Global giants, especially investment banks and established financial institutions in OPEC countries, will not allow any competitor to threaten their positions.   However, the Jubilee Group’s CEO, Tony Jackson, appears undaunted. In a recent Zoom conference, Jackson expressed optimism for the new product announcement. “Our forward thinking and revolutionary approach hav...

  DeFi uses electronic devices to interact and display bidding or asking prices in real-time. Hence, traders do not necessitate being in the same location to initiate transactions. Everything is done virtually, and digital markets are made secure by blockchain technology. Utilizing DeFi is more beneficial since users do not have to follow centralized rules. Direct, peer-to-peer exchanges can occur, given that various values are agreed upon irrespective of the current offline values. Dealers or third-party mediators can also be utilized. However, transactional prices are significantly lower than when using traditional and offline institutions. At present, these virtual markets are not regulated — a trait that most traders and DeFi proponents find beneficial. Hence, digital asset prices tend to be different across transactions and markets, especially because DeFi provides increased anonymity and price control to its traders.