The World’s First Crypto Currency Method
JOOLS are denominated in corresponding world currencies with EuroJOOLS being the first currency created and implemented. With integrated banking relationships, the JOOLS cryptocurrency will maintain a fixed rate of 1:1 of digital to fiat currency.
All EuroJOOLS are fully backed by a national currency (Fiat Currency). To
assure the security and integrity of the assets, a Digital Currency Control
Board composed of world renowned bankers and economists will manage the
funds in an independent fiduciary capacity.
An exchange will allow the buying and selling of JOOLS and other crypto currencies. This crypto exchange will function along the lines of other crypto exchanges, with the added option of using JOOLS to buy crypto in EURO pricing.
The ICO will allow for the creation of the JOOLS Coin. Every JOOLS issued will be 100% backed by Euros on deposit and managed by a Digital Currency Control Board composed of world renowned bankers and economists with an indepened fiduciary capacity. While this limits the speculative appeal of JOOLS, it makes them a cryptocurrency immediately usable in trade and commerce. The JOOLS team has experience in ATMs, smartphones, and traditional retail card reader technologies.
As JOOLS is a bridge between the existing fiat currency and the digital world, our exchange will also allow pricing against both Bitcoin and our digital JOOLS. This will allow our users to more easily gauge the relevent real world cost of various crypto currencies as they buy and sell. The safety of JOOLS pricing along with the ease of use will encourage large scale usage online, which will lead to increased usage of the Exchange.
Jewelers (Holders of FAMILY Coins) will automatically, via our unique blockchain algorithm, receive the corresponding share of exchange fees. Thus each FAMILY Coin will have a sub-balance of EuroJOOLS. These sub balances of EuroJOOLS may be held, spent, or converted to fiat, as the holder chooses. Spending the sub balance of EuroJOOLS by a Jeweler will not affect the number of FAMILY Coins the user holds. However, if the Jeweler sells a FAMILY JOOLS, the right to receive the exchange fees will also transfer with that coin.