The listing of $JTC on BitMart has gone live, marking a significant milestone for both the Jurat team and its community. Anyone can now trade $JTC on BitMart with the trading pair $JTC/USDT. Jurat technology incorporates blockchain technology into existing legal processes conducted through state and federal courts, introducing legal remedies to the industry without requiring substantial modifications to the legal system. Powering this network is the $JTC coin, which is used to pay for transactions, mint Jurat Ordinals, and reward JTC miners.
Data from CoinGecko shows that BitMart’s trading volumes regularly exceed $1 billion and received a high trust score. This data is one of the primary reasons for the excitement surrounding the $JTC listing, as it increases potential adoption and make it easy for people from over 180 countries to trade the cryptocurrency.
The $JTC listing on BitMart is an important milestone for the Jurat community as it will make the widespread adoption of $JTC possible. While the BitMart listing is a fantastic start for $JTC, we have plans for several other exchange listings in 2024 and beyond, said Mike Kanovitz, Jurat CEO.
BitMarts 24-hour trading volume often exceeds $1 billion.
$JTC is the native cryptocurrency of the JTC blockchain, a fork of Bitcoin deployed on January 8, 2022, at Block Height 717808. $JTC was created at a 1:1 ratio to $BTC, and users who held $BTC prior to the branch can claim their $JTC for free.
Operating similarly to $BTC, the issuance of new $JTC tokens follows a Proof-of-Work consensus mechanism, with the maximum supply capped at 21 million. Notably, the miners participating in the JTC blockchain verification process are accredited attorneys and legal firms with an interest in contributing to a project that aims to enhance blockchain technology with legal solutions.
The Jurat protocol links the JTC blockchain with state and federal courts. In the case of a blockchain-related dispute, users can provide courts with a unique request ID, which is then added to the docket once the judge submits their ruling. The Jurat nodes read the information in the docket and pass the information onto the miners, who then implement the ruling on-chain.
Despite its potential benefits of using blockchain for nearly every industry and individual, the risks associated with on-chain assets have impeded widespread adoption. The listing on BitMart represents a turning point by bringing a cryptocurrency with legal recourse to the market, explained Mike Kanovitz, CEO of Jurat.
The listing of $JTC on BitMart represents a significant step for the Jurat community and the broader blockchain sector. $JTC empowers users with legal recourse while upholding the tenets of decentralization and privacy by giving users the option to seek crypto recovery from the courts in the case of a hack, scam, or loss of private keys. The $JTC/USDT trading pair went live on January 9 and racked up over $300k trading volume in a matter of hours. For ongoing updates about Jurat, join the community on X, Telegram, and Discord.
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