Is the security token still takin place or will it be postponed with all the blood in the cryptosphere?
Well I have posted at the same time as you did; see the answer above  |
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Important !!
To put all the chance on our side, we have decided to divide our ICO in two parts : a presale and a mainsale. We do want to launch our first products before the mainsale, to give more value to our ICO and to our token as soon as the ICO ends.
Also, the markets conditions does not allow us to get the traction we are looking at, so we will need more time, and probably spend more funds to raise the awareness of our project. We do know that our project is a good one, but it deserves more coverage. Dividing the ICO into two will give us more time to get to this point (we started our campaign and publish the website at the end of october). We have been advised for a while to postpone our ICO due to this, but we think it is better to divide the ICO into two parts, rather than postpone it.
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Hello guys!
I wanted to share with you some thoughts regarding scalability and user-centricity about decentralized technologies, and why a decentralized approach cannot be beaten by a centralized one. We used to hear that these technologies are not (yet) scalable enough; nor user-centric. And it is true from one viewpoint. I would like to share my viewtpoint from another angle that I find elegant and beautiful.
Centralized applications are not user-centric. Even if they have great user experience, the global experience is poor : Fintech are focused on one value proposition. And you need one account for each application. So if you want to trade stocks for free, manage your payments easily, invest your spare change, do some online shopping, or place some bet on your favourite football team, you need as many account and as many application as the number of things you want to do. And beceause these centralized cannot be interoperable, you cannot access buy stocks listed on Robinhood from your Coinbase wallet; neither place a bet on Betclick from your revolut account; nor lend on Zopa what you have saved on Acorns...
So, some applications like Revolut tries to aggregate several services to capture market shares: they copied Acorns, Robinhood, so now you will be able to buy crypto (CFD) and stocks for free, trade Fx for free soon also, invest your spare change, and there also develop a myriad of services such as insurance.
Centralized applications are not scalable. If you want to add a service or value proposition to Revolut, you cannot. And it will take years for Revolut to be able to aggregate different services that its competitor are providing. There is no collaboration, but only competition, in the centralized world.
Decentralized technologies allow us to build everything around the user account. So you do not need to have one app aggregating all the value. Actually, it fosters a collaborative genius: people can create their Dapps, and you can access them seamlessly from your wallet. This is the value proposition of Web3 Browser such as Trust Wallet, Coinbase Wallet (ex Toshi), Status, Cipher etc. Therefore, it allows the ultimate level of user-centricity. Everything is accessible and built around the users wallet. No need to move your funds, no need for several accounts.
Therefore, they are ultra scalable! Since you can access to unlimited number of Dapps, and since the number Dapps is growing day after day, each day you can potentially add 10 more new services or value proposition to your wallet. Dapps like MultiToken allows you to create/invest in ETF-like crypto asset. Tottle allow you to build a portfolio in few second. You can access to poker, to casino, you can even dream of derivatives such as options, made only of smartcontracts, so you could protect yourself from market moves.
This is why decentralization is beautiful. Yet, a lot of challenges remain! the "real" scalability issue (regarding tps, and computing resources) and interoperability; but we do not need a full decentralized world; the semi-decentralized approach is maybe the good one!
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ICO's are so 2017.
if it ain't broke don't fix it bro. as long as they get what they need , why wouldn't they do it. Well, he is kind of right. In 2017 it was much, much easier to raise money during an ICO. All you needed was basically a fancy whitepaper with a blockchaih-related idea and people threw money at you. But that doesn't mean that you can't have a successful ICO nowadays. Investors are now just way more cautious and reluctant and it takes more to convince them of your project. Call it ICO, STO or whatever. Projects want to raise money to finance development. That hasn't changed since 2017. That hasn't changed for decades... for centuries actually Guys what are your thought about STO ? Are security tokens a more interesting vehicle of investment than utility token ? |
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ICO's are so 2017.
if it ain't broke don't fix it bro. as long as they get what they need , why wouldn't they do it. Well, he is kind of right. In 2017 it was much, much easier to raise money during an ICO. All you needed was basically a fancy whitepaper with a blockchaih-related idea and people threw money at you. But that doesn't mean that you can't have a successful ICO nowadays. Investors are now just way more cautious and reluctant and it takes more to convince them of your project. We had the opportunity to do an ICO in 2017, or early 2018; but we didn't want to make an ICO with only ideas; we have worked hard on starting the developpement of the project as well as prototypes, and we also came up with a more mature project; realistic project! From regulatory to tech point of view. Even if the market will not value our project, we will make it happen and will maybe raise funds with more traditionnal channels; we have already received several offers from VC this year, we have all refused them as we are a community-driven project. I prefer to raise 2M among 2000 or 5000 people, rather than 5M with one or two VC. |
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Interesting?
So is there no exchange from brokerage/trading industry so far?
I can understand and see your passion but it is odd no-one tried this before you. Or maybe they tried but they were after making quick bucks instead of doing something great.
Oh actually... there are a lot! Most of the brokers, as you might know, are here to take your money; most of them have bad practice, and I even do not count the number of scams there. I see it everyday! Even from "big worldwide brokers". Actually, a lot of brokers, who made a lot of money by scamming people with binary options, are now making ICO to take even more money, and then make an exchange, to take even more money  So when I see a broker making an exchange, for me it is most of the time a RED FLAG. Also, most of the brokers do not care about customer; they do everthing they could to attract beginners, and make them deposit the largest amount possible. They do not try to be user friendly or to help too much their custimer, because they make more money on their losses that on the trading fees. So these brokers has proposed very bad trading platform for a while, they are not user-centric, and they are not here to change "the world" or to deliver value to end-users. This is what is different with us. Check the work of Cyril Tabet; he was the first one to implement a new strategy: user-centric, transparency, and only a trading-fee based business model. JFD brokers was an earthquake in the brokerage industry. Their value proposition was: lowest fees, better exectution ever, absolute transparency (you can see what happened to your orders, who was the counterparty). This is how they became in 5 years, in the top 10 brokers worldwide! Cyril has fought all his carreer the bad practices of brokers, and became famous in the industry for that. Check as well the work of Pascal Tallarida: he launched 7 years ago a trading school; it was the first trading school that show publicly the results of the students! And which was backing the best students with real funds! He did the first trading school with unlimited coaching, because he cared about his customer, and wanted to deliver a tailored solution for each of them. He also became famous because he was giving his knowledge for free on his Youtube channel, and had a very franky way of speaking; he is known to make fun of any trading theory, or pattern, as his trading is only based on logic and statistics, and simple support and resistance; people were not buying his lesson as they were for free on the Internet, but were only buying his time to be coached. He then started designing trading platform, with the hundreds of feedbacks he got from the people he trained. He invented new concepts such as "the mouse trading". When you have this basis in the founders, with these value, you know that you will not see "another broker, another exchange". That's actually pretty cool, can you provide some insights on your other members as well and maybe something that has been overlooked by us? Sure! Andrew is one of the most incredible person we have met! It is easy, you ask him anything related to financial market, liquidity providers, exchange, blockchain technology, regulation... and he gives you an answer in the minute. He made the whole idea possible, and the whole project realistic; he overviewed the exchange developpement. In the past he overviewed the developpement of trading platform from the front to the backend in Interbank FX, he took care of the entire support service of TradeStation, and have worked with many blockchain related projects such as colored coin as example. Also, he has led the very first Bitcoin CFD integration back in 2010!! But it was a big flop! So they have stopped providing CFD on Bitcoin, sold their 10 000 bitcoins at the 2010 price and... i guess today they are crying Manu is one of the most geeky and creative person we have worked with! We owe him most of the UX and features idea, including the navigation through AI. He is a big fan of Spotlight and "Alfred" on Mac, where he took most of his inspiration; his phone is full of Fintech app and wallet so he can always analyse what the others are doing good, or bad. But let's be honest, nothing could happen without the rest of the team. |
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About the shares, we will start with european one; depending on our liquidity providers.
As for crypto, we need to deliver value, so our token can be very attractive as soon as possible. So we will first list popular cryptocurrencies, the one which are liquid, and where there is a demand.
Over the time, we will gradually extend our offering.
You mean just one type (product) of shares? Which ones? or you will collaborate with only one brokers which will provide different type of shares (companies) ? At the launch it will be easier and more scalable to do it with CFDs; so it will to conenct directly with liquidity provider of CFDs, not going through a broker, but directly the issuer. |
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ICO's are so 2017.
VC are so 2000 but we keep using them; when you have a good project, either you let few benefit from it (private sale, VC, angel) or you try to gather a community around it that can support it, and if it works, to benefit from it. |
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This is an interesting idea project. In the future, will Javis plan to expand its acceptance of payment types beyond ETH and USD?
If there is a demand, then yes probably. |
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Interesting?
So is there no exchange from brokerage/trading industry so far?
I can understand and see your passion but it is odd no-one tried this before you. Or maybe they tried but they were after making quick bucks instead of doing something great.
I think there are actually but i have no idea of names or anything, somebody from the team was also saying they are not the first one to do it. The real question is anybody did it already successfully? Probably not I think honestly, other exchanges just want to provide an exchange service; and at the moment the money, and the value, is by providing crypto assets, bitcoin, ethereum, and the top20 in CMC. The teams are here to make money, and to have a piece of the cake. This is why you will not see something similar to Jarvis for a while. |
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Interesting?
So is there no exchange from brokerage/trading industry so far?
I can understand and see your passion but it is odd no-one tried this before you. Or maybe they tried but they were after making quick bucks instead of doing something great.
Oh actually... there are a lot! Most of the brokers, as you might know, are here to take your money; most of them have bad practice, and I even do not count the number of scams there. I see it everyday! Even from "big worldwide brokers". Actually, a lot of brokers, who made a lot of money by scamming people with binary options, are now making ICO to take even more money, and then make an exchange, to take even more money So when I see a broker making an exchange, for me it is most of the time a RED FLAG. Also, most of the brokers do not care about customer; they do everthing they could to attract beginners, and make them deposit the largest amount possible. They do not try to be user friendly or to help too much their custimer, because they make more money on their losses that on the trading fees. So these brokers has proposed very bad trading platform for a while, they are not user-centric, and they are not here to change "the world" or to deliver value to end-users. This is what is different with us. Check the work of Cyril Tabet; he was the first one to implement a new strategy: user-centric, transparency, and only a trading-fee based business model. JFD brokers was an earthquake in the brokerage industry. Their value proposition was: lowest fees, better exectution ever, absolute transparency (you can see what happened to your orders, who was the counterparty). This is how they became in 5 years, in the top 10 brokers worldwide! Cyril has fought all his carreer the bad practices of brokers, and became famous in the industry for that. Check as well the work of Pascal Tallarida: he launched 7 years ago a trading school; it was the first trading school that show publicly the results of the students! And which was backing the best students with real funds! He did the first trading school with unlimited coaching, because he cared about his customer, and wanted to deliver a tailored solution for each of them. He also became famous because he was giving his knowledge for free on his Youtube channel, and had a very franky way of speaking; he is known to make fun of any trading theory, or pattern, as his trading is only based on logic and statistics, and simple support and resistance; people were not buying his lesson as they were for free on the Internet, but were only buying his time to be coached. He then started designing trading platform, with the hundreds of feedbacks he got from the people he trained. He invented new concepts such as "the mouse trading". When you have this basis in the founders, with these value, you know that you will not see "another broker, another exchange". |
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I honestly don't know. But let me tell you something. Our project started with "Jarvis Trader' (you can google it). It is a platform made with the heart! With passion! With features that are really helping traders; and with my partners, we have wondered for years: WHY brokers, or others platforms, didn't think about what we have done? We have just created useful tool (a concept named mouse trading), so with their money, why they didn't do it before? Well, the answer is that: they do not care about it, they are not using their own product!
If the Coinbase founders, or management team, were coming from the trading world, if they would have faced what we are facing, they would have probably set adding stocks as a priority.
But Coinbase is not for that: they aim to be the leading entry point in the crypto space, and to acquire market shares there; this is why they launched Paradax or Toshi wallet. And more recently their own stablecoin.
And I think this is our strengh: we are passionate, and we are the users of our own products. And, I personnaly spent he last 7 years, teaching everyday to thousands of traders; so I do know perfectly what matters for them, what they want, what they need.
And then, to conclude, it is not because it is doable that everybody will do it: you should see that there is market for that; or it has to match your value proposition; the value proposition of Jarvis is to give freedom, by being able to access any resources. To compete siloed centralized ecosystem, with an open world. That is not the value proposition of other exchanges.
You make some good points. Crypto exchanges are notoriously bare boned compared to the trading platforms on traditional brokerages. Some crypto exchanges even only offer limit orders. I suppose last year the idea was to build crypto exchanges fast and scale up. Make the servers not break down from too much traffic and prevent any hacks. Most importantly, not getting a surprise visit from government agencies. So any extra features to the trading platform were just that, extra. Now is the time to start thinking about adding features to get up to par with traditional brokerages. As we are coming from this brokerage/trading industry, then we wil be able to keep up adding these features which will give us an edge over competition. |
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Will you register with the SEC to operate in the US?
Hello Token WilliamsIt is not our short term goal to address to US ; but in the future it will. But in order to that you need quite big capital; we will start focusing to deliver our value proposition in Europe and probably Asia. If you are not going to focus on registering with the SEC, will users from the US be blocked from using your exchange? Seeing today's SEC statement wrt Paragon I think it might be wise to register. Yes, but again at the moment we will not accept any contributor nor customer from US. But for sure it is on our roadmap to someday get into the american market. |
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What is the softcap and hardcap or the project and how much is raised so far?
What will happen to the unsold token also?
There is no softcap, we will do the project in any case scenario! The hardcap is 21M USD Why no softcap? Isn't there a minimum you need to develop this project? Otherwise how did you come up with the hard cap? [/quote No softcap because the project will happen whatever the amount raised. We have already started the project so it is not like we are looking for initial fundings. As for the hardcap, it is the amount needed for european and asian licenses, as well as having our own liquidity pool with enough depth. It means that the more we raised, the deeper our pool will be and the more license we can get. |
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It seems like its popular lately to give some perks to tokens holders on your exchange like trading fee discount of dividends. Will there be something similar implemented on this exchange?
We have only considered to deliver revenue through the token; but a lot of our initial investors as well as some advisors are lately advising us to add this utility aspect in order to increase the attractivenessof the token. It is something we are thinking about seriously. |
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What is the softcap and hardcap or the project and how much is raised so far?
What will happen to the unsold token also?
There is no softcap, we will do the project in any case scenario! The hardcap is 21M USD That is, it should be understood so that you already have money for the development of the project? And you're only going to raise money to speed things up? In that case, I assume that the work will be done faster than indicated in the roadmap, if you collect the hardcap? Am I wrong? More funds are needed to push further the development and the launch of the exchange, as well as having our own native liquidity. |
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a good project, Jarvis will be a godsend for those who like to manage their finances. did I understand correctly that there will be a voice search in my wallet? if Yes, it's all great! good luck to the team.
Yes! https://www.youtube.com/watch?v=The09nzQMEE This is the first implementation, 2 years ago! 2 years?! Show us the implementation from today in a video a little bit longer, please.  Unfortunately everything is in French. |
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Raised millions in private sales that's a good news. I knew there will be supporter for this project
Their is always a trader who will invest into something as long as he/she believes on it, and by reading the response interest have been building up a little more push on the marketing and its all good. Agreed, if you see something that you like and have had first experience with , then it's easier to part with your ETH to invest True! but to be correct and accurate, 99% of the amount has been raised in fiat. Oh, that means that the majority of investors are non-crypto people. In its turn, that means that many offline people were attracted to crypto which is good under such market condition... under any market condition actually)) You actually cannot imagine how many people are just waiting crypto to be more accessible, and I dnot speak about a user-friendly app like coinbase. In 2017, may, we did a free lesson: "how DLT/Blockchain are changing the way you will trade/invest/manage your finance"; we went through all the basics; 5 lessons of 2 hours each; from what is a blockchain to scaling protocols, to tokenized assets to mining to decentralized exchange. At the end of the week, we did a survey. 400 on the top of the 600 participants were very enthousiast about this; but only 12 have opened an account within an exchange, and only 2 have the used a DAPP... So we probably have 80% of the Fx/Stocks and millenials using Revolut/Robinhodd etc. who can become crypto holders; but at the moment, they are not! |
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Raised millions in private sales that's a good news. I knew there will be supporter for this project
Their is always a trader who will invest into something as long as he/she believes on it, and by reading the response interest have been building up a little more push on the marketing and its all good. Agreed, if you see something that you like and have had first experience with , then it's easier to part with your ETH to invest True! but to be correct and accurate, 99% of the amount has been raised in fiat. |
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What is the softcap and hardcap or the project and how much is raised so far?
What will happen to the unsold token also?
There is no softcap, we will do the project in any case scenario! The hardcap is 21M USD |
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