Through this platform, Jet Token is looking to revolutionize a form of transportation that was previously inaccessible to most. Allowing for various forms of membership and investment, it aims to demystify the industry and open it up to a wider range of how to cash out xrp on coinbase customers. The platform accepts both crypto and fiat currencies and plans to build an app on the Ethereum network. Though there are other private charter companies doing similar things, Jet Token is setting itself apart by “democratizing” the industry.
- Continuing to rely on a manual component would not affect Jet Token’s goals, but it would mean the platform retains a broker-like element.
- The Jet Token is an ERC20 token, meaning that it can be stored on most popular ERC20 compatible wallets.
- Jet Token is designed to allow travelers to book private flights from their smartphones.
- Jet Token Inc. will control the timing and amount of the drawdowns under this facility.
Jet.AI Inc. will operate under the same management team as Jet Token, led by Winston. “We are very excited to support Jet Token as it executes it growth plan,” said Jay Madhu, Chief Executive Officer and Chairman of the Board of OXAC. We’d like to share more about cryptocurrency brokers how we work and what drives our day-to-day business. And while access to Jet Token is currently only available in the Southwest United States, it’s likely to catch on elsewhere. With this service, members can book flights from its fleet at an hourly rate.
Good Investment? Current price today: ▲0.00138 USD (+0.03047%)
Don’t miss out on this opportunity to take your trading game to the next level, sign up now. As per our most recent data, the current trading price for Jetcoin is $0.00137, placing it at rank #1832. The circulating supply for Jetcoin is 72,768,025, resulting in a total market cap of $100,053. It will hold approximately 52.6% of the issued and outstanding shares of common stock of the combined company immediately following the consummation of the transaction, assuming no redemptions by Oxbridge’s existing shareholders. Upon the closing of the transaction, the combined company will be named Jet.AI Inc. Its securities are expected to be listed on Nasdaq Capital Markets, according to a press release.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. The proposed business combination is expected to be completed late in the second quarter of 2023.
- And while access to Jet Token is currently only available in the Southwest United States, it’s likely to catch on elsewhere.
- For example, the platform offers a loyalty program that rewards users for spending their tokens with participating merchants.
- Based on our technical analysis of Jetcoin, a correction may occur in the near future.
The company’s “Jet Token” charter app enables travelers to look, book and fly. In addition to searching and booking, users can use Jet Token to connect their private jet charters with commercial flights. Jet Token has already raised $11 million through a funding campaign supported by over 30,000 investors and thousands of users who want a private jet membership.
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It aims to simplify air travel for people looking for an easy way to schedule flights with private jets, and many parties are interested. The Covid-19 pandemic slashed both business and leisure travel, which heavily impacted the aviation industry. Even some of the world’s largest private aircraft operators faced near-zero traffic between March and April 2020, with some choosing to ground their fleets entirely. The Jet Token is a token that is designed to provide a platform for the seamless purchase and sale of air travel. The Jet Token is an ERC20 token, meaning that it can be stored on most popular ERC20 compatible wallets.
As of the most recent trading session, Jetcoin (JET) has a trading price of $0.00137, and a market cap of $100,053. As a trader, it is crucial to have access to the latest tools and resources to stay ahead in the ever-evolving market. By signing up with us, you will gain exclusive access to an extensive array of trading resources, including advanced Jetcoin price analysis, state-of-the-art how to add a vanilla gift card to apple wallet JET trade signals, and much more. These resources are specifically designed to assist traders in making informed decisions and maximizing their returns. Join us today and elevate your trading strategy to new heights with our expertly curated resources. With our cutting-edge tools and analysis, you will be well-equipped to navigate the market and achieve success in your trading endeavors.
You can invest your money into Jet Token as an investor or via its booking platform. If you wish to become a Jet token backer, you can buy shares at $0.75 each, with a minimum investment of $349.50. If your location is on the West Coast, time-sharing a private jet can be arranged.
Is Jetcoin (JET) a good investment?
According to Start Engine, the company has already raised $11 million from over 27,000 investors, $10 million of which was raised in 2020 alone. Its current offering, Reg A+, has accumulated another half-million dollars, and is growing despite fluctuating rules on travel. As stated in the “Risk Factors” section of its offering, Jet Token has not yet created digital client wallets where members can pay for and trade flight hours with the company’s own token. The company hopes to eventually launch such a utility token, and make it redeemable on both the Jet Token’s own fleet (which began taking shape in May 2021) and on third-party carriers. This will be done through the Jet Token app, which will be run on an Ethereum-based blockchain network.
Current price today: ▲0.0110 USD (+0.000001%)
“We’re thrilled with the transaction and believe this strategic move positions the Company for continued growth and success at the nexus of private aviation and high technology. After countries began to lift restrictions and public sentiment improved, private travel for the holidays started to grow. In the summer of 2020, numbers came close to, and in some cases even surpassed 2019 summer figures. As restrictions continue to relax while travelers still wish to avoid crowds, wealthy vacationers may keep chartering private jets throughout the summer of 2021, and Jet Token will be a part of the action. However, once the summer ends and the industry again relies on its core business clientele, new work-from-home practices, and companies’ environmental stances might limit growth.
Currently, Jet Token’s token is only used behind the scenes on the platform itself when a member trades their unused flight time. The JetToken platform is safe and secure, and the platform uses state-of-the-art security measures to protect user data. The platform also uses a multi-signature system to ensure that user funds are safe.
Oxbridge is a Cayman Islands-exempted, Cayman Islands-based blank check company incorporated in 2021. Oxbridge was formed with the purpose of entering into a merger in the field of blockchain technology, artificial intelligence, and insurance technology. “We are very excited to support Jet Token as it executes it growth plan” said Jay Madhu, Chief Executive Officer and Chairman of the Board of OXAC. “We believe this transaction will provide an attractive entry point and valuation for OXAC’s investors with the potential for significant upside.”
The State of the Private Aviation Market
Through blockchain technology, the company is creating a transparent, secure, and potentially lucrative opportunity to invest in an industry that contributes $200 billion to the US economy. If they are able to implement their plan to include a utility token, they will firmly move private aviation into the digital age. The JetToken platform offers good value for your investment, and the platform has a lot of potential to grow in the future. The platform offers a number of unique features that make it more convenient for both users and merchants. Additionally, the platform is growing rapidly, and the team is committed to providing a high-quality product. Jet Token, a Delaware corporation headquartered in Las Vegas, Nevada, was founded in 2018 by Michael Winston, its Executive Chairman.