Speaking of technology, this app has also been designed to accept blockchain technology for payment. Jet tokens are loaded into digital wallets, which can be redeemed for travel or even sold back when time has not been used. Thanks to the state of the world in 2020, many people who still wanted to travel looked at new ways to get from point A to point B.

In addition, Jet Token’s business model relies on connecting its redeemable Jet tokens with the blockchain. However, depending on their structure and use, the tokens could be considered a security, making their sale subject to the Securities Act. Therefore, Jet Token faces the challenge of structuring its tokens in a way that enables trade on the blockchain but avoids classification as a security. With such new technology and constantly evolving relevant laws, Jet Token is carving its path cautiously.

Jet Protocol (JET) Price Chart for Wednesday, August, 9, 2023

We realize that everyone was once a new trader and needs help along the way on their trading journey and that’s what we’re here for. Then enter your flight details so that you can search for jets that are available and their current pricing of those jets. As such, it might be a solid company to invest in if it goes public. As you can see, the company isn’t making much traction on the stock market. Its stock currently trades for a whopping $474,444.00, which likely puts it out of reach for the average investor. Moreover, there are nearly 4,000 private investors backing Jet Token.

This will be done through the Jet Token app, which will be run on an Ethereum-based blockchain network. Jet Token is a USA based charter and membership program founded in Israel in 2018. Although it functions mainly as a booking platform, Jet Token aims to “democratize” private jet aviation in a hassle-free and unique way. “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. It’s important to treat day trading stocks, options, futures, and swing trading like you would with getting a professional degree, a new trade, or starting any new career. And the fact that the private jet charter market has been making a recovery due to the decreased risk of infection, makes this a great time to invest.

Compare Jet Cards by 65 + Variables That Matter

With this service, members can book flights from its fleet at an hourly rate. But there are some options for you to consider if you’re determined to invest in this industry. If you wish to become a Jet token backer, you can buy shares at $0.75 each, with a minimum investment of $349.50.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. Please see 17b disclosure linked in the campaign page for more information. A recent study from McKinsey and Co. showed that 1.5 million new private flyers have come to market when there are simply no planes to spare.

Experience in the Air and on the Ground

We provide our members with courses of all different trading levels and topics. We have members that come from all walks of life and from all over the world. We love the diversity of people, just like we like diversity in trading styles. We could charge more, but we have a pay it forward, give back mentality.

And without a streamlined way to locate, scout out, and plan travel, frequent flyers may start seeing the effects of a private jet shortage. And with more people looking for ways to avoid commercial air travel, Jet Token came around at just the right time. As economists watch for an end to the longest economic expansion in American history, the airline industry is a crucial piece of the mosaic. Accounting for approximately 5% of the U.S. economy at $1.8 trillion in activity, the aviation industry employs 11 million people.

Jetcoin price predictions by tech sector

The company recognizes not only that its business could be affected by any issues with Ethereum, but also that the Jet Token platform may not ever be launched in its fully automated form. It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase.

An investor could potentially lose all or more of their initial investment. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Testimonials appearing on rizon bnc this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Jet Token Inc is a company that has its eyes set on revolutionizing private jet travel.

SHEIN Stock Price and Symbol

Honda Motor Company is one of these partners, along with HondaJet, which signed a multi-aircraft deal with Jet Token. This might be a lofty goal, but it hasn’t appeared to slow the drive and motivation of the company. One of these innovations is Jet Token (the company, not the crypto coin).

• And with more people looking for ways to avoid commercial air travel, Jet Token came around at just the right time.
• Also, the private jet charter market is recovering as the COVID-19 pandemic subsides, which means now might be a great time to invest.
• As economists watch for an end to the longest economic expansion in American history, the airline industry is a crucial piece of the mosaic.
• You can invest your money into Jet Token as an investor or via its booking platform.
• We could charge more, but we have a pay it forward, give back mentality.

And as of last month, private air travel was holding relatively steady during the start of the year, with global private jet activity still 1% above the same period in 2022. Oxbridge and Jet Token and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Oxbridge’s shareholders in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination will be contained in the proxy statement/prospectus when available. You may obtain free copies of these documents as described in the preceding paragraph.