Our Vision

Janex’s vision is simple. The platform was created to simplify crypto payments and introduce rewards for our native token holders. Janex plans to disrupt the traditional market for renting, buying and selling residential property through blockchain technology as well as participants in the eCommerce, education, travel and marketing.

The app will bring a revolutionary way for consumers transact directly with brands without the need to rely on third party payment processors. We will achieve this through our own JNX tokens, which will serve as the platform’s cryptocurrency, and allow for earning more JNX Tokens & earn additional cash back via staking.

The Janex App will thus become the first blockchain-based PropTech product restructuring the outdated tenant-landlord relationship with staking rewards, simple crypto rental payments & community-driven governance.

Why Blockchain?

Janex will be designed from the ground up to both utilize and work on-top of the Binance Smart Chain Blockchain. Our system leverages the blockchain in order for transaction ledgers and other components to remain recorded and immutable within the blockchain whereas specific code resides outside of it. Such structure permits Janex’s users and merchants and their generated data to be easily put through data segmentation and analysis which will further on de-facto indicate metrics such as useful business health indicators.

We have chosen Binance Smart Chain for its functionality and security capabilities. The expected scale of Janex platform, according to the number of our potential users, represents tens of thousands of deals and offers, hundreds of thousands of businesses, and millions of consumers. This level of load currently can be handled by Binance Smart Chain.

CryptoBng is focused on what makes the platform so useful to travellers and hosts alike – leveraging blockchain as the ideal underlying technology to build the base of the emerging trust economy. In the , role of a trusted gatekeeper and purveyor of transparency, blockchain allows for secure decentralized storing and sharing of data, such as financial transactions in the case of bitcoin. Due to the blockchain’s open-source nature, it can also be augmented to execute smart contracts and create a broad range of other applications. Given the capabilities of this new technology, this is why storing digital identities, and peer-to-peer reviews of individuals and companies, on the blockchain would make sense for the trust economy. By creating identity tokens like passport based on hospitality reference, Janex streamlines and refines search algorithms.

Blockchain-based digital identities and trust ratings are already on the radar of peer-to-peer platforms, which is considering the benefits of the nascent technology. Janex, however, is a first-line adopter, which positions us strategically to fulfil a pressing need within the current market segment. The three most important functions of blockchain technology; the ability to store records, to exchange digital assets without friction and the possibility to execute smart contracts, provide the right technological infrastructure for a more efficient and streamlined trust economy of which the wider sharing economy would benefit greatly.

Currently, different centralized platforms display individuals and companies trust levels. You can find feedback and ratings on digital platforms, but each platform has its own ratings and comments. If, instead, all reviews would be stored on a distributed ledger where access is only permissioned when the person or company provides an access key to the counterparty who wants to assess the reputational rating, this could establish a whole new level of trust that would help the sharing economy grow.

Not only can a blockchain-based digital identity and trust level verify that the person exists but his or her trust attributes could also be automatically embedded into smart contracts when engaging in business transactions with them.

For example, if you are looking to rent a room from someone in a new city you are visiting for a weekend, you could assess the homeowner’s trust level when inquiring about the availability of the homeowner’s property for the specific dates. Once it has been made clear that the property is available, both parties can assess each other’s digital identity and trust ratings.

Then, if both parties are happy with one another’s digital reputation, a smart contract could be executed, which states the terms of the short-term rental agreements and completes the payment for the service provided all terms of the contract have been met once the stay has been completed. As no centralized authority would be used to process the transaction, it decentralizes the entire sharing economy, making it cheaper for consumers and easier to transact for those offering products or services. The Janex platform will make the smart contract seamless and customizable with no requirement of coding or programming whatsoever.

Blockchain technology is essential for the implementation of the following elements of our project:

● To support the JNX economy and thus our profit source, which enables our minimal commission marketplace

● To support the distributed database, which will cut out commissions from distributors and further contribute to the JNX economy.

● To enable a trustless environment which is a necessary requirement for the adoption of the distributed database

● To automate payment processing

● To act as highly secure escrow accounts for the period between booking and check-out

● To host immutable reviews

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