JURA

13-July. I passed on Jura. I think it was something to do with the team. Link

We view Jura as a novel approach to the ever-growing space of infrastructure projects, hence having the potential to disrupt the market and gain a lot of usage. There is a big IF in this equation as the team has yet to prove themselves and bring forward actual progress which can validate their theories and novel technologies. There is a long road ahead and we would like to see an MVP so that the team can prove their network model and seize a place in the competitive field they are running in. They need to act fast as there are already many competitors that have working viable technologies and can bring added value to the ecosystem in the meantime.

Picolo Research presents an ‘Avoid’ rating on Jura Network. The project does not offer a unique niche that differentiates itself distinctly from other similar projects, crowning it is as yet another typical blockchain infrastructure project. Furthermore, gaining a foothold in adoption is a critical element in this competitive market, of which the project mentioned no specific business plans.
Overall, for the reasons listed below, Picolo affirms its rating on Jura:
• The project is late in entering this space, which ranks it as a lagger amongs its competitors
• No significant partnerships formed that is crucial to network adoption in this highly saturated market
• It has been more than 9 months since the inception of the project with no MVP nor GitHub code available, casting doubt on the ability to achieve their milestones
• The team is lacking the depth regarding experience in comparison to its competitors
• No public information on technology and cryptography research thesis done by the PhD members of the team prior to the project
• Currently, there is only 1 member on the advisory board with no independent advisors
• Lack of conclusiveness in the whitepaper as details are incomplete. The consensus mechanism was only partially described, and the portion to penalise dishonest behaviours have not been discussed
• High valuation of $100m is not justifiable comparative to the market cap of QLC chain (with an MVP) that currently has a market valuation of ~$18m
• More established projects have been looking to explore similar technology since 2017, but no breakthrough has yet to been developed 
Not withstanding the above, Picolo acknowledges that Jura is still in its early stages and that further developments are still underway. However, given the
availability of current information presented by the company, it is difficult to disregard the concerns that have surfaced from our research.
In light of the preceding, we recommend an ‘Avoid’ rating on Jura as we believe there are significant risks associated with the project.