JENCO TECH

  Lending Crypto holders can lend on decentralized lending platforms so that they can earn passive income on their holdings through the interest fees paid by borrowers. This is an attractive opportunity for crypto holders as lending can help them earn relatively low-risk interest on their existing holdings without the need of giving away their private keys to a centralized third party service.  Borrowing The most popular use case for borrowing crypto is margin trading. Borrowing from decentralized lending platforms allows traders to get leverage which multiplies gains and losses while trading. It also gets leverage from short selling, which is a trading strategy which makes money when the price of an asset goes down.  Collateralized Borrowing At the moment, the most popular decentralized lending platforms use a form of borrowing called collateralized borrowing. Collateralized borrowing means that users who are looking at borrowing crypto must lock up collateral of greate...

  Decentralized finance , or also known as DeFi, is one of the most popular things in the blockchain and crypto space. Fundamentally, decentralized finance takes existing financial products and services such as trading, lending, and borrowing, and puts them on the blockchain. By moving these financial products and services on the blockchain, the central authority is removed from the equation. But not all of these financial services offered on the blockchain are entirely decentralized. Some of them are still offered by centralized companies. These centralized companies are operating on smart contracts so that they can offer it on the blockchain. However, these centralized companies still don’t have much control and impact over your funds, compared to the traditional centralized authorities, like banks and governments. Some suggest that decentralized finance should be called “non-custodial” finance as it is a more accurate term. Non-custodial means that you still hold the keys to you...

Decentralized finance, sometimes called open finance, is a blanket term for financial services such as lending and borrowing, created using decentralized infrastructure, such as smart contracts and blockchains. In 2019, it has quickly emerged as Ethereum’s next big use case after Initial Coin Offerings in 2017. ICOs were the tokens being sold to raise funds for blockchain projects.  According to a report published by Jubilee Group’s JENCO, a decentralized platform, “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.” By using decentralized technology such as smart contracts, DeFi allows the elimination of middlemen. This is because smart contracts are self-exe...

  The centralized, traditional financial system limits the unbanked and the underbanked from entering the financial markets for numerous reasons such as wealth, status, and regional jurisdiction. With the introduction of FinTech, those who have limited access can now finally experience financial services. FinTech has introduced several innovations that help most of the population gain access to different financial products and services. This number is continuously growing. “[Financial] technology can reduce transaction costs, generate distributed trust, and empower decentralized platforms, potentially becoming a new foundation for decentralized business models. In the financial industry, this technology allows for the rise of decentralized financial services, which tend to be more decentralized, innovative, interoperable, borderless, and transparent,” says in a research paper published in the Journal of Business Venturing Insights. For example, opening a bank account...

  With such uncertainty and left without work, people sought out other means of making money. Online jobs seemed like a good option, but these jobs required a specific set of skills that not all had. Fortunately, an opportunity presented itself in the form of investments . Many people worry that investments are not as secure or that having zero to little knowledge leaves them at the mercy of more seasoned investors. This is far from the truth. In fact, investing can be easily learned and accomplished. Investing in different areas is not even a competition.

  There are many ways to invest, and there are many platforms available depending on the type of investment a person feels more secure with. To simplify, investments can be classified into two categories: traditional and alternative. Traditional investments are stocks, bonds, and cash. These are known to be more secure because assets are more well-known, and the liquidity is high. On the other hand, alternative investments are all those not falling in with those mentioned earlier three. Alternative investments are investments in commodities, real estate, hedge funds, and private equity. These may have lower liquidity, but they have less regulation. With less regulation, this means investors have more freedom to move and make decisions.

Jubilee Group’s JENCO offers different decentralized financial services providing access to unbanked and underbanked to previously restricted services to the wealthier class. JENCO Protocol, a derivative trading tool , is one of the first automated decentralized derivative protocols that will incentivize traders worldwide who will share their trading strategy. These traders will share profit and network fees depending on the number of participants on their strategy. Another offering from JENCO is its decentralized lending, which will connect lenders to all the major lending platforms. This tool will allow participants to accurately lend out their crypto assets and receive time without compromising security. JENCO Bots, on the other hand, was created as a fully automated lending system that can cushion investors against the volatility of the crypto market. This bot will monitor the market for optimal returns on investments.  

Jenco Tech is a decentralized financial service platform that aims to enable and help more retail investors. By understanding the importance of allocation portion of their asset in this emerging technology, Decentralized Finance “Defi”. We also support and allocate a community of borrowers and lenders, with the aim of legal replacing “Wall Street’’ with Blockchain, and sharing the profits amongst our community members. Another offering from JENCO is its decentralized lending, which will connect lenders to all the major lending platforms. This tool will allow participants to accurately lend out their crypto assets and receive time without compromising security. JENCO Bots, on the other hand, was created as a fully automated lending system that can cushion investors against the volatility of the crypto market. This bot will monitor the market for optimal returns on investments.

The removal of intermediaries is one of the most significant advantages of DeFi. For example, the remittance fees will become much cheaper for the global population, especially those living overseas and may need to send money regularly. International transfers, such as Paypal, Xoom, Transferwise, and WorldRemit, are some of the apps that provide remittance services that are cheaper and faster. “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,” says Tony Jackson of Jenco, a decentralized service platform This means that anyone can send money to anyone directly without going through banks or remittance centers, which usually lengthen the process. Th...

The most significant impact of decentralized finance is the inclusiveness it brings to the people by providing global access to the financial services that were once only available to the wealthier population. This innovative technology powered by FinTech can be used by anyone who has an internet connection and a smartphone. For example, a stockbroker at a top financial firm in the US or a farmer in a remote region in Asia will have the same access to financial services. Barriers such as wealth to invest and proximity to functioning economies, and lack of documentation would diminish. No more intermediaries The removal of intermediaries is one of the most significant advantages of DeFi. For example, the remittance fees will become much cheaper for the global population, especially those living overseas and may need to send money regularly. International transfers, such as Paypal, Xoom, Transferwise, and WorldRemit, are some of the apps that provide remittance services th...

  Today, the financial system has generated significant amounts of wealth for people who have the right resources, knowledge, and access to financial markets worldwide. Simultaneously, happenings such as the housing crisis of 2008 have caused hardships for the general and affluent population and caused doubt in the current financial system we have. Until the housing crisis happened, there was no alternative to the centralized financial system, but in the past years, innovative technology was introduced — decentralized finance (DeFi). New solutions drive this technology that has emerged to the current financial system by providing inclusiveness to most of the population.   Decentralized finance has given so much more than inclusiveness to the financial system; here are some of its effects. Providing access to the unbanked and underbanked The most significant impact of decentralized finance is the inclusiveness it brings to the people by providing global access to the...

  One of the newest innovations from blockchain technology is decentralized finance (DeFi). It is an emerging financial system that aims to solve the current problems in the traditional centralized financial systems. DeFi applications are mostly built on the Ethereum network and provide most of the population with financial services that were once limited. Anyone around the world can now have access to financial products by only using a smartphone and an internet connection.  DeFi users can trade, invest, lend, borrow, send money, and make payments without the use of centralized entities as their intermediary. The role of financial intermediaries is replaced by decentralized smart contract protocols.  Because of the innovative services it offers, the DeFi market has substantially increased and is now amounting to US$1 billion.  Top five DeFi platforms in 2020 Looking for DeFi platforms to try this 2020? Here are the top five Ethereum-powered DeFi protocols that you c...

  The blockchain technology that fuels cryptocurrencies such as Bitcoin and peer-to-peer lending are a natural fit that may help overcome some of the inherent challenges with many peer-to-peer lending platforms today.    Many experts believe that this innovative technology will prove itself as a groundbreaking solution leading to a new economic system, often called the blockchain economy. In this new financial system, rules defined by smart contracts will make sure that agreed-upon transactions are enforced autonomously. That’s why peer-to-peer lending in many ways seems like the perfect use case for blockchain technology as it can potentially allow lending platforms to establish a much less dependent trust relationship between lenders and borrowers. This use case is what we know of as decentralized lending platforms.  Decentralized lending platforms allow users to deposit and lock their funds into smart contracts from where other users can borrow and pay interest on...

The centralized, traditional financial system limits the unbanked and the underbanked from entering the financial markets for numerous reasons such as wealth, status, and regional jurisdiction. With the introduction of FinTech, those who have limited access can now finally experience financial services. FinTech has introduced several innovations that help most of the population gain access to different financial products and services. This number is continuously growing. “[Financial] technology can reduce transaction costs, generate distributed trust, and empower decentralized platforms, potentially becoming a new foundation for decentralized business models. In the financial industry, this technology allows for the rise of decentralized financial services, which tend to be more decentralized, innovative, interoperable, borderless, and transparent,” says in a research paper published in the Journal of Business Venturing Insights. For example, opening a bank account requi...

  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. Cryptocurrency Digital assets, usually in the form of cryptocurrencies like BitCoin and Ethereum, are used by computer networks all over the world. These digital assets are made secure by using a method called cryptography that prevents double-spending and counterfeiting. The blockchain, a ledger that is distributed and enforced by a separate web of computers, guarantees these cryptocurrencies’ integrity. One of the most distinctive traits of these digita...

  The centralized, traditional financial system limits the unbanked and the underbanked from entering the financial markets for numerous reasons such as wealth, status, and regional jurisdiction. With the introduction of FinTech, those who have limited access can now finally experience financial services. FinTech has introduced several innovations that help most of the population gain access to different financial products and services. This number is continuously growing.     “[Financial] technology can reduce transaction costs, generate distributed trust, and empower decentralized platforms, potentially becoming a new foundation for decentralized business models. In the financial industry, this technology allows for the rise of decentralized financial services, which tend to be more decentralized, innovative, interoperable, borderless, and transparent,” says in a research paper published in the Journal of Business Venturing Insights. For example, opening ...

  In the past years, the global economy has made significant steps. The increasing number of technology users and the global Gross Domestic Products is at its highest point since 2015. Amidst this economic growth the world has been experiencing, most people would expect that the traditional financial institutions will steal the spotlight. Unfortunately, due to continued operation barriers, this progress is obstructed. Because of this heightened globalization and technological advancement, society is entering a new stage of global consciousness. This consciousness includes individuals’ empowerment to ask more of the financial entities that they trust with their assets. The growing technological accessibility has opened up the obstacles preventing most of the population from participating in the global economy and capital markets. As a result, many are starting to reject the costly and time-intensive financial systems that have long impeded economic progress. Since us...

  In its simplest form, decentralized finance is the merger of traditional financial services with decentralized technologies such as cryptocurrencies and decentralized applications (dApps). In a more profound sense, DeFi refers to the amalgamation of all the decentralized products and services such as smart contracts, protocols, applications, and digital assets.      According to an analysis report by JENCO, "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."  JENCO is a decentralized financial service platform that aims to enable and help more retail investors. The company aims to introduce the importance of allocating a portion of inv...