juro Digital Money: The Next Generation of Complementary Currency

All series of Juro Digital Money (“juro”) are defined as “money”. As such, all series of juro Digital Money meet the three standard functions of money:

1) Medium of exchange:

Used as an intermediary in trade to avoid the inconveniences of a barter system, For example, the need for a “coincidence of wants” between the two parties involved in a transaction.

2) Unit of account:

Acts as a standard numerical unit for the measurement of value and costs of goods, services, assets and liabilities.

3) Store of value:

Can be saved and retrieved in the future.

The statutes of each jurisdiction may differ in varying degrees, however they are universal in defining juro Digital Money as “money”.

Complementary Currencies

The individual series of juro Digital Money are not “new currencies” to challenge existing currencies, but are rather a digital aspect within the broad money of the respective currency of which they form a part.

As complementary currencies, juro Digital Money are not to be mistaken as “virtual currency” or “cryptocurrency”.

Each of the respective series of juro Digital Money (“JDM”) is designed to fulfill monetary needs that are otherwise ignored or lost through existing legacy financial constructs and systems. JDMs improve the overall health and stability of the economy and societies which adopt them.

Juro is a universal protocol for the issuance and control of digital asset classes which are used as money and simultaneously have intrinsic value. The classes of JDM shall be exclusively originated, issued, and backed by money judgment titles which have been awarded by a court, or issued in exchange for money in any form, which are referred to as Standard Money Instruments (“SMIs”).

SMIs

Standard Money Instruments accepted for conversion into units of a series of juro Digital Money are Currency-specific and may be one of any of the following:

• legal tender
• money judgment titles awarded by courts
• legalized confessions of judgment and / or out-of-court settlements (arbitration titles included)
• promissory notes
• bills of exchange
• trust receipts
• credit card debts (including charge authorization and / or debit card charge authorizations)
• direct debit charge authorizations
• sovereign debt instruments
• central bank debt instruments
• government agency debt instruments
• sovereign guarantees
• government agency guarantees
• trust guarantees
• insurance guarantees (i.e. performance bonds and approved insurance policy claims)
• securitized obligations

Only fully legalized SMIs listed above are accepted in exchange for units juro Digital Money of the same currency class.

Commodity Series

There are also 5 commodity series of juro Digital Money that expand the definition of Standard Money Instruments: 

• gold
• silver
• copper
• platinum
• palladium

Only the commodities listed above are eligible for the CCJS at this time.

The gold series of juro Digital Money requires physical gold in accordance to the specifications of good delivery COMEX gold.  

The silver series of juro Digital Money requires physical silver in accordance to the specifications of good delivery COMEX silver.

The copper series of juro Digital Money requires physical copper in accordance to the specifications of good delivery COMEX copper.

The platinum series of juro Digital Money requires physical platinum in accordance to the specifications of good delivery NYMEX platinum.

The palladium series requires physical palladium in accordance to the specifications of good delivery NYMEX palladium.

In-Ground Assets as SMIs

In-ground reserves may be exchanged for these commodity-backed series of juro Digital Money so long as the maximum amount issued is less-than or equal to 3% of the proven reserves.

“Proven reserves” is defined as set forth in Item 102 of Regulation S-K under the Securities Act of 1933 and the Securities Exchange Act of 1934  or convention-country equivalent. In any event, geological surveys and legal opinions thereto are required to be fully legalized.

The Juri™ members that convert In-ground commodities into JDM shall be required to replace said in-ground reserves with the corresponding amount of the physical commodity, as per the “good delivery” specifications of the commodity. This replacement schedule shall be for an amount that is not less than 50% of the authorized annual production / extraction of the mine where the reserve is situated.

The replacement schedule for “good delivery” of the physical commodity shall continue until all of the in-ground amounts used as SMIs have been replaced with “good delivery” physical commodities in a Juro nominated depository (like the JCB™).

juro Reserve Account

The SMI used in the exchange for a respective series of JDM is deposited in a currency-specific or commodity-specific custody account. This account is referred to as the Juro Reserve Account, and shall be kept with a Juro Custodian. 

Asset Classes of the series of juro Digital Money.

The symbol “§” is the universal symbol for “juro” and it also serves as the trademark of Juro, the Juro Organization, and the Juro Networks. The name of each series of Trust Units is “juro” + “the name of the reference currency or commodity”.

For example, Money Judgments granted by a court any US State or Territory and/or standard money instruments that are denominated in United States Dollars which are submitted to Juro in exchange for the issuance of JDM would be issued “juro United States Dollars” against those judgments and/or standard money instruments, represented as “§$” or as “§USD” on a 1 to 1 basis.

At this time, only SMIs and commodities from countries that are parties to the Apostille Convention, member states of UNIDROIT, or are member states of the World Trade Organization can be exchanged for juro Digital Money. 

As agreements are entered into, treaties are signed and put into place, and governments join and adopt Juro; Juro will accept SMIs from those respective countries for the purposes of issuance underwriting activities of JDM and to facilitate Juro Economic Remediation™.

Laws & Statutes applicable to Juro in the US, EU, and the UK: