I understand. Coming back to the gambling DApps. Do you know if Jarvis has to get a gambling licence in order to be allowed to run them on their site? Because I can imagine that - in case you need one - you should already start to apply for one because it might take time to get one granted.
I am not familiar with gambling licenses, malta was probably always first choice but lately there were some problems because of blockages of casino player funds at the SATA bank. I not really understand what exactly this license is necessary for, which must be requested separately in the individual countries. For example, if I get a license in Malta, can I run a server or a bank account there to deposit and withdraw client money or what do I need that license for? In Switzerland the license will be used to ensure that the company complies with the rules, standards, security, prevention against misspending etc.... And so a tax levied in Switzerland, for players residing in Switzerland where the casino makes profits. In order to also protect unfair competition against casinos based in Switzerland that pay full taxes. i do not think that the wallet needs a license of its own, in case the dapps that proposes the games must have one, in case even the wallet jarvis should have it(the license) i think it should only be requested in the country where the company that develops the project is based... I believe in Japan or Korea they are already talking about wallets needing to comply with regulation You are right, found this one: https://thenextweb.com/hardfork/2018/11/16/japan-fsa-regulate-cryptocurrency-walletHope we dont loose our anonymity one day. I do not think so. Has torrent has ever been regulated ever? For what I recall, no. You cannot forbid people to use wallet as soon as there is no one behind, the code is free on internet, and it does not have any centralized structure  |
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What will be the listing fee for cryptocurrencies, did you decide it?
And what will be the criteria of the listing. Paying listing fee is enough?
Fess will be as low as possible, we will not make any margin on it. About our listing strategy, we have two : > "centralized" way of thinking: we will take, with the community (DAO) the decision on which token/coin to be listed next according the the project, the utility of the token, etc. > "decentralized" way of think: it exists projects like bancor or uniswap that allows to create your own liquidity pool; so basically if you have a token, that you have created, you send it to a smart contract + you send some ether (as example if you send $10,000 worth of Eth, and if you send 100,000 tokens, then your token will start trading at $0.1 per token); so anyone could list their own token if they provide liquidity |
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I understand. Coming back to the gambling DApps. Do you know if Jarvis has to get a gambling licence in order to be allowed to run them on their site? Because I can imagine that - in case you need one - you should already start to apply for one because it might take time to get one granted.
I am not familiar with gambling licenses, malta was probably always first choice but lately there were some problems because of blockages of casino player funds at the SATA bank. I not really understand what exactly this license is necessary for, which must be requested separately in the individual countries. For example, if I get a license in Malta, can I run a server or a bank account there to deposit and withdraw client money or what do I need that license for? In Switzerland the license will be used to ensure that the company complies with the rules, standards, security, prevention against misspending etc.... And so a tax levied in Switzerland, for players residing in Switzerland where the casino makes profits. In order to also protect unfair competition against casinos based in Switzerland that pay full taxes. i do not think that the wallet needs a license of its own, in case the dapps that proposes the games must have one, in case even the wallet jarvis should have it(the license) i think it should only be requested in the country where the company that develops the project is based... According to dubignyp's post also the country where the players residing can play a role. From what Jarvis.Edge posted I understand that they won't need a licence because they are only offering P2P gambling and that they are only providing access to it and not doing them themselves. Aren't they kinda responsible for what will be offered on their site? Yes we do not need license; a Dapp is basically a website; we just list website on ours, and in our app, so people can connect to these dapps from our wallet |
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We have published an article On the top of the most asked question, when I say we are building an exchange, is "why another exchange? what would be the difference?"... We will not bother to create a copycat exchange... we do not wake everyday and work like never we have done before, to just propose "another exchange" or "another wallet". https://medium.com/jarvis-edge/is-jarvis-another-exchange-62b2731956e8 |
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It is really understandable now the integration with games, whether they themselves or from third parties, is an excellent integration into the portfolios. But even if in the initial plans, they are own platforms, this integration opens the possibility of some partnerships along the way. I'll be looking forward to it
I understood this integration paradigm which offers useful multi features will be the emerging trend among crypto projects to ensure its long term survival and I'm glad Jarvis is doing just like that. Great job! New projects have to offer something fresh and innovative to even be put on the map nowadays so different integration are welcomed in this compact market. Who know, next idea might be the new standard and will be copied by other exchanges. Exact! Differienciation, and innovation. Exchanges today are like smartphones... all the same... A bit of reading : https://medium.com/@jarvisedge/is-jarvis-another-exchange-62b2731956e8 |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs.
I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. Casino games would attract a different user base. A user base which would be more casual and looking for entertainment rather than pro traders who look for small edges and efficiency. There are very few pro traders in crypto  most are reckless gamblers. Or "degenerate gamblers" as bitmex' CEO Arthur Hayes calls them True but I meant more Fx/CFDs traders, more than crypto |
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Hello So both Eidoo and Midas are great wallet, but no not even close. Jarvis wallet can support fiat. It is capable of escrow so you can open collateral credit easily or trade on margin products. It allows access any Dapp (Ethereum, Neo, etc.). By connecting to the exchange, it can manage portfolio, buy/sell/exchange assets. Lending will be done through partners app and dapp, so it will be the asset supported by them; at a later stage it is planned that we will do our own lending pool, but it is not our priority. We want to empower our partners; by connecting to Jarvis, partners can tell their users: if you like our app or dapp, use it inside Jarvis so you can be a click away from a fiat gateway, trading Fx or investing in an ICO. What fiat you mean? This will be some stable coin tied to usd (like USDT, USDC etc.) or this wil be real usd, euro etc.? Hello no real fiat, we do have a fiat gateway. What you mean by "fiat gateway"? This will be stable coin (USDT,SDTC etc.) or what? Can you explaim as I cant understand  No I meant a fiat on/off ramp, so you can deposit your USD, EUR or GBP , and also withdraw them at an ATM or by wire. Do you have a banking partner already? And wrt the ATM, are you planning on making a deal with a card company or become a new TenX/Monaco/TokenCard yourself? Not at the moment, I'd rather spend time on NFC from mobile phone rather than working on doing our card; however it is something we would like to have in the future. So at the moment it will only be with partners. |
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No I meant a fiat on/off ramp, so you can deposit your USD, EUR or GBP , and also withdraw them at an ATM or by wire.
Oh, I understand. This fiat will be just for depositing and for withdraw money. But for trading you will have some stable coins, right? What relation this project have to yours? http://www.jarvisplus.comI find this on NEO dapps: http://ndapp.org/https://neo.org/Links very useful, thanks a lot No we have nothing to do with JarvisPlus |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs. I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. We will not We will focus on only one thing at a time, and go carefully and slowly. For the casino and poker etc. it is quite simple: Dapps allows you to do whatever you might wish; some of them replace derivatives products, some of them allow you to lend or borrow money, others allow you to buy collectible, or domain names, etc. and some of them allow you to bet, to play poker, or to gamble in a casino; if at the end of your day you feel you want to do some heads up with what you have won today, you should be able to do it directly into Jarvis; same goes for lottery, you create smart contract for lottery, players send their eth there, and the winner takes it all; all of this, seamlessly integrated into Jarvis. And it does not need any additionnal work, just the wallet has to support the Dapp. Hmm okay, I guess I start to understand. So eventually there will be different Dapps. For example for playing poker or other casino games. Will these Dapps all be developed by Jarvis or will Jarvis allow the implementation of Dapps from others? We will not develop them; partners will, or, in the best case, independant developpers participating to our hackathon. Sometimes, Jarvis vous develop some if relative to derivatives or trading bot, but that's all. I understand. Coming back to the gambling DApps. Do you know if Jarvis has to get a gambling licence in order to be allowed to run them on their site? Because I can imagine that - in case you need one - you should already start to apply for one because it might take time to get one granted. No, we will only provide p2p gambling / poker, and it is not us doing them, we just provide an access to it. |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs. I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. We will not We will focus on only one thing at a time, and go carefully and slowly. For the casino and poker etc. it is quite simple: Dapps allows you to do whatever you might wish; some of them replace derivatives products, some of them allow you to lend or borrow money, others allow you to buy collectible, or domain names, etc. and some of them allow you to bet, to play poker, or to gamble in a casino; if at the end of your day you feel you want to do some heads up with what you have won today, you should be able to do it directly into Jarvis; same goes for lottery, you create smart contract for lottery, players send their eth there, and the winner takes it all; all of this, seamlessly integrated into Jarvis. And it does not need any additionnal work, just the wallet has to support the Dapp. Hmm okay, I guess I start to understand. So eventually there will be different Dapps. For example for playing poker or other casino games. Will these Dapps all be developed by Jarvis or will Jarvis allow the implementation of Dapps from others? We will not develop them; partners will, or, in the best case, independant developpers participating to our hackathon. Sometimes, Jarvis vous develop some if relative to derivatives or trading bot, but that's all. |
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Hello So both Eidoo and Midas are great wallet, but no not even close. Jarvis wallet can support fiat. It is capable of escrow so you can open collateral credit easily or trade on margin products. It allows access any Dapp (Ethereum, Neo, etc.). By connecting to the exchange, it can manage portfolio, buy/sell/exchange assets. Lending will be done through partners app and dapp, so it will be the asset supported by them; at a later stage it is planned that we will do our own lending pool, but it is not our priority. We want to empower our partners; by connecting to Jarvis, partners can tell their users: if you like our app or dapp, use it inside Jarvis so you can be a click away from a fiat gateway, trading Fx or investing in an ICO. What fiat you mean? This will be some stable coin tied to usd (like USDT, USDC etc.) or this wil be real usd, euro etc.? Hello no real fiat, we do have a fiat gateway. What you mean by "fiat gateway"? This will be stable coin (USDT,SDTC etc.) or what? Can you explaim as I cant understand No I meant a fiat on/off ramp, so you can deposit your USD, EUR or GBP , and also withdraw them at an ATM or by wire. |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs.
I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. Casino games would attract a different user base. A user base which would be more casual and looking for entertainment rather than pro traders who look for small edges and efficiency. which is why they should focus on what they do best now and leave expansion to the future. Well, it is not a big amount of work; when the wallet is done, it is then up to the Dapp to integrate it. So the work is not really on our side. This is why blockchain enables infinite scalability: you have one wallet that can potentially gain 100 new services every day Think about Jarvis like Metamask: with metamask you already access casino, DEX, lending, and it is not Metamask who worked on these projects; they just allow to connect to it. |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs.
I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. Casino games would attract a different user base. A user base which would be more casual and looking for entertainment rather than pro traders who look for small edges and efficiency. It is true, but we do not rely on casino or poker to acquire users, nor atraction casino users. We want to deliver value to our users. I used to play poker, every thursday, and to play roulette and black jack as well, with 10 to 30% of my earnings in trading, when I was making successful weeks. Sometimes I was losing, but it is ok as it was 30% of my gains, sometimes I was winning, way more than what I won with trading; I was not doing this to make more money, but it was something I liked, and I was winning often to the roulette (simple strategy by betting 1 on the first tier and 1 on the second tier). If tomorrow, you have a platform that allows you in one click to play balck jack, or dice, or participate to a lottery (you can even think about automation, like every trade you take a small % goes to participate to a lottery or to a dice game, or everytime you win, 1% goes to charity, 1% goes to lottery, etc.), you might change your mind and start gambling. It is all about perspective and education about risk management Trust me, a lot of our traders will ike to be able to gamble a bit in one click. |
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Dozens yes, but we will unveil them later when we cna launch a product It includes peer to peer lending, lending network, casino and poker, DEX, derivatives Very interesting, looking forward to hear more details about these partnerships. I reckon will be announced when everything will be up and running to gain momentum? Why doesn an exchange needs a partnership with a DEX? It is a very good question We are not an exchange; not only So here is the use case: you trade on a DEX, using Metamask. You can import your private key in Jarvis, and therefore trade on the DEX using Metamask, but still manage your asset in Jarvis. What we want to do is to provide the DEX access from the Jarvis UI; so it is accessible in one click; when you are done with the DEX, you can withdraw in your bank account your earning, in one click. Then, in one app, you have DEXs, Lending app, poker app, etc. so you can switch from one app to another one. Let say you trade on a DEX, but you have not ETH to pay gas... no worry, you make a quick exchange of any assets for ETH, automatically in Jarvis, and voilą Sounds great, but you will have to use burner addresses, because you give up your private keys to Jarvis. And because you have to use a burner address, you still have to pay ETH for the gas needed to transact your tokens to this burner address. would love to get a response from the team Hello, you can use Jarvis in a decentralized way so we do not have your PK. In the case you mention, I do not understand why we should use a burner address? |
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I think stock trading is their biggest weapon right now even thou they seem to have a lot of stuff figured out even backed by some plan Bs. I just hope that they won't have too many thing that they want to implement at once. Sometimes it is just better to focus on their key aspects and go step by step. I still don't see how their plans for casino games fit together with a hybrid exchange where I can trade fiat, crypto, stocks, & forex. We will not We will focus on only one thing at a time, and go carefully and slowly. For the casino and poker etc. it is quite simple: Dapps allows you to do whatever you might wish; some of them replace derivatives products, some of them allow you to lend or borrow money, others allow you to buy collectible, or domain names, etc. and some of them allow you to bet, to play poker, or to gamble in a casino; if at the end of your day you feel you want to do some heads up with what you have won today, you should be able to do it directly into Jarvis; same goes for lottery, you create smart contract for lottery, players send their eth there, and the winner takes it all; all of this, seamlessly integrated into Jarvis. And it does not need any additionnal work, just the wallet has to support the Dapp. |
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If you'll manage to have lending and casino games it will more then an all-in-one platform, are you sure that you will be able to handle all of this?
Well, we do not do it; it is all about partnerships and the fantastic capabilities of blockchain! What blockchain enables, is to access the value proposition of thousands of Dapps from one address. Your private key is the key that opens the door of derivatives product, poker, casino, lending, prediction market, insurance, etc. So you just need to build a Web3 Browser in your application, partners with Dapps developers, and voilą. So you do not need to handle anything but the integration of your wallet into their Dapps (basically our own metamask or ledger). What we do is this wallet + our own exchange with a brokerage license, so you can trade Fx, CFDs and real cryptos (+tokens, collectible, digital assets etc.), access a payment and fiat gateway and access thousands of Dapps, but also Apps (thanks to open API). Example that already do exists: Trust Wallet (Binance), Coinbase Wallet (ex-toshi), Cipher, Status wallet, imToken, alpha wallet, etc. A bit of lecture: https://medium.com/jarvis-edge/actually-blockchain-is-the-most-scalable-and-user-centric-technology-ever-6fe95a0be1bd |
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If you'll manage to have lending and casino games it will more then an all-in-one platform, are you sure that you will be able to handle all of this?
Many have tried to create such an all in one service platform but it is indeed really challenging to deliver a working product. It is true! Almost impossible to do actually, because projects that want to do an all-in-one do not understand that it is not possible unless you do it with partners. Then you become a aggregator of APIs and give your users access to thousands of partners apps (or Dapps). The world is heading to it (read more about open banking, platformization, PSD2). |
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Hello So both Eidoo and Midas are great wallet, but no not even close. Jarvis wallet can support fiat. It is capable of escrow so you can open collateral credit easily or trade on margin products. It allows access any Dapp (Ethereum, Neo, etc.). By connecting to the exchange, it can manage portfolio, buy/sell/exchange assets. Lending will be done through partners app and dapp, so it will be the asset supported by them; at a later stage it is planned that we will do our own lending pool, but it is not our priority. We want to empower our partners; by connecting to Jarvis, partners can tell their users: if you like our app or dapp, use it inside Jarvis so you can be a click away from a fiat gateway, trading Fx or investing in an ICO. What fiat you mean? This will be some stable coin tied to usd (like USDT, USDC etc.) or this wil be real usd, euro etc.? Hello no real fiat, we do have a fiat gateway. |
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will there be an option to handle crowdsale built into the platform for upcoming tokens?
Yes, but again we'd rather work with partner and integrate them, instead of doing it ourselves. Interesting idea. Partnering up could be a good idea to focus on your respective strenghts. Do you have any potential candidates? Dozens yes, but we will unveil them later when we cna launch a product It includes peer to peer lending, lending network, casino and poker, DEX, derivatives Having a multi feature product is all the crypto community wants and I cant wait to see Jarvis deliver just like that as I believe this is a top notch project but hopefully they would deliver as planned. The idea of multi features is a good thing but you must put the main concern about how to publishing your product to the whole of crypto users and make them will be interesting in your product is a difficult task to do. So many platforms fails to do this. Yes, this will be our main challenge. We rely on: > our own community of Fx trader (19K traders) + our partners and ambassadors Fx traders communities (+100K traders) > our referral program > our UI > mouth to ear > our partners (it is better to use their product inside Jarvis, rather than outside Jarvis) > the DAO, and the ongoing contests (hackaton, trading contests, bounty) |
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Dozens yes, but we will unveil them later when we cna launch a product It includes peer to peer lending, lending network, casino and poker, DEX, derivatives Very interesting, looking forward to hear more details about these partnerships. I reckon will be announced when everything will be up and running to gain momentum? Why doesn an exchange needs a partnership with a DEX? It is a very good question We are not an exchange; not only So here is the use case: you trade on a DEX, using Metamask. You can import your private key in Jarvis, and therefore trade on the DEX using Metamask, but still manage your asset in Jarvis. What we want to do is to provide the DEX access from the Jarvis UI; so it is accessible in one click; when you are done with the DEX, you can withdraw in your bank account your earning, in one click. Then, in one app, you have DEXs, Lending app, poker app, etc. so you can switch from one app to another one. Let say you trade on a DEX, but you have not ETH to pay gas... no worry, you make a quick exchange of any assets for ETH, automatically in Jarvis, and voilą |
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