Outside Source
[PRESS RELEASE – Chicago, Illinois, March 4th, 2024]
JTC Network, a next-gen Bitcoin fork with native connections to official government legal systems, will be listed for trading on March 5 by the WhiteBIT exchange. WhiteBIT’s listing follows consistent solid performances by the JTC ecosystem, including successful use within the U.S. federal court system, an NFT platform with enhanced legal enforcement capabilities, and extensive press coverage on its revolutionary capabilities in Forbes, Fox Business, and CoinTelegraph, among others.
The JTC Network blockchain is unique in that it affords cryptocurrency users legal capabilities on par with what they could achieve in traditional banking, such as access to recover lost and stolen coins following frauds, hacks, or mistakes. The capability for legal recourse is needed for any mature financial ecosystem and will play an important role in crypto’s future adoption.
Like $BTC, the court-interfacing $JTC is limited to a total of 21 million coins, making it one of the scarcest cryptos on the market. And less than 10% of the max supply remains to be mined, also like BTC. But unlike BTC, the JTC coin finally offers the crypto community an answer to many of the legal compliance criticisms threatening BTC’s future in the eyes of anti-crypto legislators and regulators.
WhiteBIT Confirms JTC Listing on Its Official X Profile
WhiteBIT exchange is a leading destination for crypto traders in the European market and has a focus on cryptocurrency compliance and customer security which earned it a AAA rating. In announcing the listing of $JTC on X, WhiteBIT described the project as ‘revolutionary’ and recognized its shared common mission to protect digital asset owners and increase legal compliance in the industry. The exchange’s official X (formerly Twitter) profile highlighted JTC’s unique value proposition as a cryptocurrency that can connect to the official court systems and provide access to legal remedies not available with other coins.
The initiative will make JTC more accessible by leveraging WhiteBIT’s extensive global reach and user base. Beyond accessibility, JTC’s collaboration with WhiteBIT introduces the coin to a wider audience and spreads awareness of the revolutionary ability for legal enforcement in Web3.
Additionally, new listings can enhance JTC’s liquidity through increased trading volume, leading to tighter spreads and more efficient price discovery.
“The WhiteBIT listing is another major step for JTC Network and a strong move following its recent successes; it will give more people the opportunity to benefit from the on-chain legal remedies available on the JTC blockchain,” said Jurat co-founder and CEO Mike Kanovitz.
$JTC: Bridging the Gap Between Crypto and Legal Frameworks
JTC was fairly launched via a fork of BTC as of block height 717808 at a 1:1 ratio. BTC owners, as of that block, can claim their mirrored JTC using the Jurat Wallet, which is available for iOS and Android.
JTC adheres to the Bitcoin protocols established by Satoshi Nakamoto. It leverages the Proof-of-Work (PoW) consensus mechanism, renowned for its security and resilience, allows open account creation, and is limited to the same 21 million maximum supply as BTC.
While inheriting the core functionalities of Bitcoin, $JTC distinguishes itself from other Bitcoin forks by integrating groundbreaking legal recourse tools and a native connection to official courts. This native capability for on-chain legal recourse in the event of a hack or fraud, which is unique to JTC, aims to mitigate the ever-present regulatory concerns surrounding the crypto industry.
$JTC can be seen as a blockchain innovation that bridges the gap between the courts and the decentralized world, paving the way for a more secure and legally sound future for cryptocurrency and Web3.
Beyond the Listing: JTC’s Momentum and Innovation
One of JTC Network’s greatest successes is the speed with which it is capturing the imagination of crypto lovers worldwide, who see the new technology as the needed missing piece and a landmark improvement for the entire blockchain space. The JTC community recently welcomed 1,000 “Esquire” ambassadors to help educate the crypto world about on-chain legal rights and the JTC coin.
Each esquire received a JTC-oriented PFP as a Bitcoin-format ordinal. News coverage for JTC and Jurat technology is becoming regular, with mainstream press taking note. Jurat’s crypto regulatory roundtables and announcements have attracted over 50k views.
Although it’s still very early on in $JTC’s history, the team aspires to achieve a trajectory that aligns with the momentum and possible long-term direction seen in other leading Bitcoin forks. The team aims to position $JTC among the successful projects in the cryptocurrency space, drawing on the initial progress and strategic planning for future development
Bitcoin Cash (BCH) has grown into a $6 billion dollar project since it was created in 2017. BCH has rallied from around $125 to over $400 in the past year, reflecting the theory that successful Bitcoin hard forks have long-term potential. Bitcoin SV (BSV) has experienced a similar surge, rallying from $30 to over $100 in the past year.
$JTC began trading on BitMart in January. Following the listing at $42, $JTC rallied to $300 before a pullback and is now trading around 75% above its listing price.
In summary, while it’s still the early days for $JTC, the team aims for the project to find its place among well-regarded Bitcoin forks. Furthermore, unlike the older forks such as BCH and BSV, $JTC introduces next-generation legal compliance features and on-chain legal remedies, aiming to address some of the challenges faced by its predecessors.
$JTC on WhiteBIT Just Around The Corner
The listing of $JTC on WhiteBIT on March 5 marks a crucial juncture for the Jurat community and crypto in general, pointing the way to a brighter future where blockchain technology is safer and free from the legal shortcomings that have often impeded its widespread adoption.
As $JTC enters this exciting new phase, keeping up-to-date with developments by joining the community on platforms such as X, Telegram, and Discord.
About Jurat Blockchains
Jurat Blockchains is positioning itself as the leading provider of decentralized legal enforcement solutions for commercial and government users. Its technologies power $JTC, a court-connected Bitcoin ($BTC) fork with the unique abilities to charge-back unauthorized transactions. Jurat technologies enable blockchain’s seamless integration with both the civil and criminal justice systems, making it attractive to businesses, regulators and those keen on tokenizing off-chain assets.
Contact
CEO
Mike Kanovitz
Jurat
mike@jurat.io
This article first appeared at CryptoPotato
