Hello again,

Jcash can currently be used to hedge against falling crypto rates. Simply put, if you expect ETH to fall, you can switch it to stable Jcash to protect yourself against falling rates. At the moment Jcash is not accepted anywhere, but in the future merchants could use Jcash to accept crypto currencies by converting them to Jcash or accepting Jcash directly. There are also several pilot projects with financial institutions, governments and regulators in which Jcash and consequently JNT play a key role. However, these pilots take their time and understandably some parties prefer silence regarding the collaboration or specific details. Jcash will definitely not be usable on unregulated exchanges due to legal requirements, as most exchanges don’t take KYC and AML/CFT requirements serious enough. Jcash was rolled out with a soft launch in Germany, Switzerland and the UK to pilot the product with a small group first. Besides the optimization of the onboarding process, there are still a few bugs that need to be ironed out before Jcash can be offered to the wider public. This is from the Chinese Community Response that has been released earlier this month (https://drive.google.com/file/d/1Wbgt5AdK3Kf8gr2od-z8ALv1Bs7rpKKs/view?usp=drive_open):

“The next iteration of Jcash will include a larger number of countries, and additional Jcash tokens will be minted as the adoption of the cryptofiat solution increases.
Marketing efforts for Jcash will be targeted to the jurisdictions the product is rolled out in. There is a comprehensive plan for Jcash customer acquisition with referral agreements, digital and traditional advertisements, airdrops and joint initiatives with institutions planning to use Jcash.”

The next update will be released on October 5 on Medium.

jCash to fiat (or the other way round) by SEPA/SWIFT is not supported as of now.
However the team have stated several times that they are intending to implement these systems to make such transactions possible.

As there is currently not much information regarding the withdrawal of JCash via bank transfer, I cannot say whether JNT will be necessary for this or whether it will be burned.
I personally assume that JNT will not be burned, but will be kept by the Jibrel DAO to ensure a higher solvency.

The team's last statement was that JCash will be backed 75% by JNT and 25% by fiat. But I'm afraid I can't tell you if that's still the case. 
I think we'll soon get some medium posts explaining the latest developments and changes regarding jCash.

In order to be able to give examples, I made a screenshot of the Proof Of Solvency page, since the values can vary over time. My examples all refer to the screenshot which you can find here: https://i.imgur.com/4BDtwA2.jpg

Currently, 186.43 jEUR, 84.09 jGBP and 480.04 jUSD are circulating. Basically, this means that someone has sent ETH to Jibrel and received jCurrency tokens in return, so that they are now in use.

Whenever a jCurrency token is in circulation, it has to be backed by JNT. This can be explained best using jUSD as an example. At a current price of $0.10 per JNT, 4,800.40 JNT would be required to cover all 480.04 jUSD in circulation (JNT requirement = Circulating amount of jUSD / JNT price). For currencies other than jUSD, these must first be converted into the theoretical value of USD at the current exchange rate, because the price of JNT is also in USD and only then the JNT requirement can be determined. Another example: 186.43 jEUR is currently in circulation. However, you cannot divide this amount by the JNT price, since it is given in USD, so that the theoretical value of jEUR in jUSD must be calculated first. At the time of writing, the conversion rate from EUR to USD is 1,1635. If you now multiply the amount of 186.43 jEUR by 1.1635, you get the theoretical value of 217.91 jUSD, which you can divide by the JNT price of $0.10. As a result, the JNT requirement for 186.43 jEUR would be 2,169.10 JNT what is almost identical to the 2,168.80 JNT shown in the screenshot.

Solvency required is the sum of all JNT requirements (2,168.80 for jEUR + 1,098.64 for jGBP + 4,800.40 for jUSD = 8,068).

In terms of liquidity, any value greater than 100% means that more than enough JNT are available to fulfil the solvency requirement. A large value indicates that more JNT have been pledged than would actually be needed. It can be calculated as follows: JNT Pledged * 100 / Solvency Requirement.

Me too, I'm especially looking forward to 2020. That's the point where most of the products should be finalized and Jibrel becomes the leading player in this space with a heavy user base.

You can find the operational jWallet under the following link: https://jwallet.network.
It is currently in the alpha, but it was recently announced on Twitter that the beta release is around the corner (https://twitter.com/JibrelNetwork/status/999735507037933569?s=20).
I have already tried the Alpha-Wallet and it is very simple to use, but at the moment I don't recommend storing large values on it.

The roadmap on the current website is, as you have noticed, outdated. I also raised a question on this matter in the Telegram Group. One of the co-founders replied that although there are development delays, they have nevertheless made great progress and established a office in St. Petersburg.

The deleted announcement on Twitter was a bit unlucky but I’m sure they had their reasons. Just wait a week or two, I mean, it was posted only a few days ago. But I have to admit that the communication between the team and the community is expandable and the fact that different information are spread on many channels like Telegram, Medium, Twitter and YouTube, doesn’t make it better as it takes a lot of time to search through all channels to find useful information and announcements. In their AMA, Talal has stated that a email subscription box with regular updates regarding the team, products, events, issues but also the progress they’ve made, will be part of the new website.

I hope my answer was helpful and I would like to end with a quote from Talal, which I fully agree with. He said that “this is a marathon and not a race”. A common mistake in marathons is running too fast at the beginning and then collapse as a result of sinking strength. As Jibrel is definitely a long-term project, the comparison with the marathon and the race fits very well.

Unfortunately, I can’t give you an accurate date but I can tell you that they’re working hard to launch the jCash Alpha as soon as possible. At first it’ll only be available in selected jurisdictions and you’ll have to go through KCY/AML checks in order to obtain access to jCash. Because of this, Jibrel has recently partnered with Lexpert Partners to use their AML services.

It’s already listed on cmc:
https://coinmarketcap.com/currencies/jibrel-network/

The ICO is already over but JNT will get listed soon. You could have a look at the introduction video to find out more about Jibrel: https://www.youtube.com/watch?v=LBMyd7Ql8QU

I think they’ll announce the exchanges on their event in Seoul, taking place on January 17. If so, JNT could be tradeable some days after that. But that’s just my personal opinion and I might be wrong.

Why do you assume that? The ICO has been ended only a few days ago.

Yes, the ICO has ended some days ago. “All JNT are sold out and Bitcoin Suisse are only processing the transactions that were submitted prior to the end of the token sale”, said one of the founder in the official Telegram group. An announcement regarding the upcoming exchanges will be made within the next weeks.

There is a white paper in Japanese: https://jibrel.network/assets/white_paper/Jibrel%20Network%20-%20White%20Paper%20(Japanese).pdf.

Enjoy reading!

This is indeed correct, but the new website will be released soon.

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