In the AirJIT product, settlement means: a shipper’s J1USD is locked when a booking confirms, then released when delivery (or a defined Host step) is confirmed. The J1USD token is the unit those amounts are denominated in.
Product loop
- Shipper and traveler agree a booking. Optional Host is on the path.
- Shipper J1USD is held against that shipment.
- Physical hops proceed with inspection photos.
- Recipient confirms. Held J1USD splits: traveler earnings, Host share, fees.
- Each party sees J1USD in the configured wallet or in-app balance.
Example amounts (illustrative)
- Shipment price: 100 J1USD locked
- Traveler earning: 35 J1USD released on confirm
- Host/service fee: 10 J1USD if a Host completed a paid step
- Remainder: platform and routing fees as shown in the app
Protocol framing
The March 2025 whitepaper treats settlement as its own domain: commercial obligations finalize in the settlement asset (J1USD) using programmable conditions, independent from JIT security. Oracles and ACE recommendations do not silently move money. A confirmed logistics event does. Live shipment holds follow that separation even when the user only sees app buttons.
What settlement is not
Settlement in J1USD is not a bank wire, not a guaranteed fiat redemption, and not a JIT staking reward. If you need USDC or BNB after a payout, swap J1USD on listed markets.
FAQ
- When does J1USD move to the traveler?
- After delivery is confirmed in the AirJIT app. Until then the shipper’s J1USD stays held.
- Is Host pay also J1USD?
- Yes. Host commissions for completed local steps settle in J1USD. Host corridor deposits are a separate JIT lock.
- Does the whitepaper’s programmable settlement describe today’s app?
- The protocol design (escrow tied to verified events, J1USD as unit of account) is the model. Live product settlement is the AirJIT app hold-and-release loop in J1USD on BNB Smart Chain.