JENCO TECH

  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”.

  Decentralized Finance (DeFi)  is one of the hottest applications of cryptocurrency and blockchain technologies––taking traditional financial concepts like securities, bonds, money markets, and more, and putting them on the blockchain puts significantly more power in the hands of those who participate in these markets, not just the middlemen who manage them. Without a doubt, though DeFi is a very nascent field, there’s an incredible amount of rising interest in trading on the blockchain and extending the financial capabilities of cryptocurrency.  

  The current bottlenecks for decentralized lending services are that it is difficult for traditional investors to understand and participate. That’s why Jubilee Group’s JENCO introduced a toolkit with advanced API to connect to make lending platforms including Poloniex, DDEX, Aave, Argent, Compound, and InstaDapp. This will ensure that participants will accurately lend out their crypto assets and receive it in time without compromising security. JENCO understands how hard and tedious it is for a crypto retail lender to find a platform to help them grow their holdings by lending out their coins. That’s why JENCO Loan is here to cut down on all costs and intermediaries making it easier for lenders to participate in decentralized lending. “There are a lot of new investors eyeing on decentralized lending. But for traditional investors, it is hard to understand the ins and outs of decentralized finance. This is where JENCO Loan comes in. We make sure that traditio...

  According to an analysis report by Jenco , a decentralized financial service platform, “traditional finance uses a centralized authority that maintains distinct currency values across nations. Banks and other financial institutions enable monetary transactions using uniform values that may change, depending on the present GDP of the different nations whose currencies are used in particular exchanges.” “For instance, if the current exchange rate is 1 USD is 0.76 GBP, then all monetary exchanges are based on this present value. Currency values change depending on the time frame and location,” says the same report. Apart from maintaining the distinct currency values across countries, it also works as a restricted medium. This type of financial system uses banks and intermediaries to perform a single transaction. This means that the whole process in this system takes time, where some of it takes days to execute, and it is also costly. Almost every transaction ha...

  Despite the volatility of the markets and economies, investing is very much a good option. Some investing instruments need to be studied intensively and mastered while others do not. One of the best options would be investing in digital assets. Digital assets are more flexible, as investing in them does not require extensive knowledge or vast experience. These investments can be easily managed on the world wide web and be quite profitable with the right tools. A little learning is required to understand how to use the tools without throwing caution to the wind. The benefits of investing in digital assets are numerous. According to Capital Markets CIO Outlook , the three benefits are the following: enhanced financial returns, a perennial stream of income, and a better hold on investments. It adds that “Digital assets are certainly a better alternative than the traditional means of investments and are already influencing the current set of investors.” With t...

  DEPOSIT ASSET Investors can deposit selected supported currencies at anytime and anywhere   Collateral remains on-chain for the duration of trading PICK YOUR DEFI PRODUCT Easy to choose available Defi packages to profit All asset transaction is on-chain, safe and secure PROFIT AND EXIT Always deliver your profit on time and secure Can exit the platform with an ease of use interface

  The traditional financial system uses monetary transactions through financial institutions such as banks. On the other hand, decentralized finance enables digital transactions that are not run by any centralized channels and distinct currency values. “ Decentralized finance (DeFi) does not use a centralized authority to maintain currency values across nations. Due to the inequalities observed across the different financial systems worldwide, the necessity of enabling convenient cross-country or cross-currency exchanges was developed,” states in an analysis report by Jenco, a FinTech company that offers decentralized trading and lending services. The use of DeFi through FinTech will allow global accessibility of various financial services, lower transaction costs, and secure exchanges. “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 ...

  DEPOSIT ASSET Investors can deposit selected supported currencies at anytime and anywhere   Collateral remains on-chain for the duration of trading PICK YOUR DEFI PRODUCT Easy to choose available Defi packages to profit All asset transaction is on-chain, safe and secure PROFIT AND EXIT Always deliver your profit on time and secure Can exit the platform with an ease of use interface

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).  

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.  

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 have brought us...

  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 s...

Decentralized services are created on the Etherium (ETH) blockchain, where financial services are accomplished by smart contracts. But what do smart contracts do? Here are some of them:  Removes any intermediaries or middlemen from the equation. This means that transaction costs and fees will be lower. It will also lessen any delays in a financial transaction. With smart contracts, it is possible for parties to exchange anything of value without needing to go to a centralized institution.  Solves the trust issue. In financial exchanges, there’s always a question of trust between parties. Someone must always take the first step, but this means that they are putting themselves at risk. Smart contracts fix this problem by only executing once all parties have done their part.  Allows custom rule criteria. Smart contracts transactions are programmable. Users can create transactions that can only be completed if all the preset rules are fulfilled.  Tran...

  According to an analysis report by Jenco , a decentralized financial service platform, “traditional finance uses a centralized authority that maintains distinct currency values across nations. Banks and other financial institutions enable monetary transactions using uniform values that may change, depending on the present GDP of the different nations whose currencies are used in particular exchanges.” “For instance, if the current exchange rate is 1 USD is 0.76 GBP, then all monetary exchanges are based on this present value. Currency values change depending on the time frame and location,” says the same report. Apart from maintaining the distinct currency values across countries, it also works as a restricted medium. This type of financial system uses banks and intermediaries to perform a single transaction. This means that the whole process in this system takes time, where some of it takes days to execute, and it is also costly. Almost every transaction has a ser...

  Decentralized finance (DeFi) is a variety of financial applications that are built using blockchain technology. More specifically, decentralized finance can also be referred to as a movement that focuses on providing an open-source, permissionless, and transparent financial system that is available to everyone and can operate without the need for any central authority. With DeFi, users can have full control over their assets and interact with the system through peer-to-peer (P2P) and decentralized applications (dApps). The core feature of decentralized finance is its accessibility, even to those who are isolated by the current financial system. Another benefit of DeFi is the modular framework it is built upon. These interoperable DeFi applications on public blockchains will potentially create new financial markets, services, and products.    What are the main advantages of decentralized finance? With traditional finance, users rely on centralized...

  The traditional financial system uses monetary transactions through financial institutions such as banks. On the other hand, decentralized finance enables digital transactions that are not run by any centralized channels and distinct currency values. “Decentralized finance (DeFi) does not use a centralized authority to maintain currency values across nations. Due to the inequalities observed across the different financial systems worldwide, the necessity of enabling convenient cross-country or cross-currency exchanges was developed,” states in an analysis report by Jenco, a FinTech company that offers decentralized trading and lending services. The use of DeFi through FinTech will allow global accessibility of various financial services, lower transaction costs, and secure exchanges. “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 irr...

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.

  The traditional financial system uses monetary transactions through financial institutions such as banks. On the other hand, decentralized finance enables digital transactions that are not run by any centralized channels and distinct currency values. “Decentralized finance (DeFi) does not use a centralized authority to maintain currency values across nations. Due to the inequalities observed across the different financial systems worldwide, the necessity of enabling convenient cross-country or cross-currency exchanges was developed,” states in an analysis report by Jenco, a FinTech company that offers decentralized trading and lending services. The use of DeFi through FinTech will allow global accessibility of various financial services, lower transaction costs, and secure exchanges. “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...

  The immutability of decentralized networks provides security and gives it the ability to defy any shutdown attempts by anyone. In some countries, the government uses a central authority to censor its citizens from financial services. These citizens can use decentralized finance to protect their wealth and lifelong savings. Easy to use Decentralized finance is simple and easy to use. Most of the DeFi apps are plug and play; anyone who owns a smartphone can use these services without the centralized systems’ complexity and time-consuming constraints. This system would allow a woman from China to receive a loan from online lending in the US to invest in a business in Japan while paying off her debt at home, through all-in-one interoperable apps.

  Crypto holders can now lend their coins through decentralized lending platforms to earn passive income on their holdings through borrowers’ interest fees. This is an attractive option for lenders as they can make relatively low-risk interest on their existing coins without giving out their private keys to a third-party centralized service provider. The current bottlenecks for decentralized lending services are that it is difficult for traditional investors to understand and participate. That’s why Jubilee Group’s JENCO introduced a toolkit with advanced API to connect to make lending platforms including Poloniex, DDEX, Aave, Argent, Compound, and InstaDapp. This will ensure that participants will accurately lend out their crypto assets and receive it in time without compromising security. JENCO understands how hard and tedious it is for a crypto retail lender to find a platform to help them grow their holdings by lending out their coins. That’s why JENCO Loan is he...

Traditionally, real estate is sold and purchased using a decentralized market. Sellers and buyers complete their transactions without first funneling the process through a clearinghouse. A seller provides a real estate’s asking price that can then be accepted or lowered depending on the bidding or asking price proposed by the would-be buyer. If all variables are agreed upon, a sale is contracted between the pair of traders. Real estate can also be brokered. Buyers and sellers typically use a mediator to accomplish a transaction. This real estate broker gets a percentage of the sale, depending on the agreed value set by the seller.  

  In the past, the global financial markets are only limited to the affluent class who have the right connections in the right location with endless amounts of wealth ready for their disposal. Financial services are not easily accessible to most of the population, and this includes investing, banking, loans, and growing a portfolio. Right now, innovations in the financial industry have been introduced. Financial technologies, mainly decentralized finance (DeFi), have paved the way for a new system in the global financial markets. Through DeFi, centralized, traditional financial products and services today, including insurance, savings, and loans, can now be easily accessible by anyone who has an internet connection and a smartphone. The goal of DeFi is to remove the barriers that traditional financial systems have. It aims to provide financial services to everyone. Anyone can not have access to financial products that were once limited to the wealthier class. This p...