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1  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: August 05, 2018, 06:05:19 AM
These guys are fairly easy to research on the internet.

According to Noble group the Singapore commodity house the fund Joe was PM of seemed to lose more then 100% of its net assets.

http://www.finalternatives.com/node/24566

https://www.financemagnates.com/fm-home/ebullio-saga-continues-as-investor-enforces-legal-action/

https://www.financemagnates.com/institutional-forex/regulation/ebullio-restructures-leaving-trail-enraged-investors/

https://www.financemagnates.com/institutional-forex/regulation/ebullio-allegations-pile-hedge-fund/

https://www.financemagnates.com/institutional-forex/fm-homeebullio-faces-bankruptcy-at-hands-of-investor/

https://www.financemagnates.com/institutional-forex/regulation/ebullio-head-no-show-for-trial/

Read this newsletter written by Lars, and then compare the style of writing and use of words and phrases to the eCommodities https://ecommodities.co.uk/ website and the Jinbi website...

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&ved=2ahUKEwjPmfC9ptTcAhWWOsAKHVh9Bi0QFjADegQICBAC&url=http%3A%2F%2Fwww.trade2win.com%2Fboards%2Fattachments%2Fgeneral-trading-chat%2F78552d1268672935-slight-draw-down-ebullio-capital-management-february-2010-monthly-update.pdf&usg=AOvVaw189QihSIbTh4T8TknXT2oI

https://dealbreaker.com/2016/01/hedge-fund-manager-who-lost-96-six-years-ago-give-up-on-bouncing-back/

https://www.thegazette.co.uk/notice/2819978

Ebullio liquidators report, some pretty big numbers in there.

https://beta.companieshouse.gov.uk/company/OC331213/filing-history

Just for the record I met Lars and Joe prior to the Jan 2010 problems. Never invested with them, Lars' background in LA was quite easy to check out. Back then Joe was doing middle office trade reconciliations and it was Lars, Greg Caine and David Sutcliffe trading, what appeared later to be calendar spreads with massive leverage.


 

KentPaul (or Hive_mind) who are the same... is a naughty little troll doing his best to mix unrelated issues in the hope of squeezing some blood money out. Despite what KentPaul says...he was an investor there. he is not the impartial voice of reason he pretends to be. one thing is for sure; is that as usual, he has nobody´s interests in mind other than his own. Who cares is a hedgefund did badly 10 years ago? Who cares if Joe worked there?

2  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 21, 2018, 06:51:03 AM
Why have you banned me from Telegram? I have not broken any of the rules nor have I disrespected anyone.

Mistake. You have just been unblocked
3  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 21, 2018, 05:51:33 AM
Why have you banned me from Telegram? I have not broken any of the rules nor have I disrespected anyone.

It was probably a mistake. I will try and find out more.
4  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 21, 2018, 05:49:58 AM
Maybe the project is good, but as you are such a veracity, specify a passport or driver's license. I do not go abroad and I do not have a passport and travel by car, I'm afraid and I do not have a driving license. Also what further to me to do or make? Why can not I specify the national passport or passport of my country? But further steeper, in my country everything is indicated in the passport and the place of registration, including. I live with my parents and my father pays for utility bills, how can I prove my personal worth to the address?

You are right. The first version of KYC was too complicated, but it has been streamlined now, so it takes maybe 2 minutes to complete.
5  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 19, 2018, 02:01:57 PM
Jinbi Token holders will benefit directly and share in the profitability from the production of Gold at source - Is there any gold mine which is in production?
or how do you guys intern to produce this gold?

As stated in the whitepaper, or even in the ANN, they will partner up with mining companies to get the freshly mined gold, stamped with their logo.

Hope this answers your question.

I am ok with your explanation, though, i still have some question which i need to ask the management team privately through mail

THIS IS VERY GOOD NEWS

https://www.prnewswire.com/news-releases/gold-backed-jinbi-token-joins-forces-with-powerhouse-pillar-project-685900741.html

In my opinion Jinbi are likely to hardcap now
6  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 18, 2018, 02:41:22 PM
a project must have a program in the proposed and need funds for it. they offer for cooperation..and i think this program is good
the team will definitely do the best for the project, and certainly many will be interested in this project. Success will be achieved this project in the future.
Yes true, the Jinbi team will do the best, and I think ICO delay does not matter, I'm sure this project will be easy to reach hardcap and accepted in top exchanges.

It's just a matter of time to see this project running smoothly in the future, I believe with this project will be successful in the future.
about it no doubt, all those who work in the project, will certainly do the job that is best for this project. and we must also always be optimistic that the project would certainly be a great success and gives the best results.

To make this project better fore you should participate in it and become an investor on this project.
If indeed have money better indeed joined forces to join the invest in this project, but if you don't have money, we can only provide support for this project.

It's your own choice to do good things and gain better in the future. All the options in your hands.

FYI...

http://www.prnewswire.co.uk/news-releases/gold-backed-jinbi-token-launch-pre-sale-for-ico-685808021.html
7  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 05, 2018, 03:19:56 PM
outstanding. support provided to the project is growing a lot, and certainly this could make all the teams more eager again to manage this project. success always for this project

I thought this was an interesting piece of ICO research

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3182169
8  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 05, 2018, 01:29:44 PM
Theres an allegation about your project, any answer on this? Check this thread .

https://bitcointalk.org/index.php?topic=4418705.0

I have a forgiving nature and don’t want to give this undeserved oxygen.

This same individual has tried to blackmail Jinbi in the past, demanding 200’000 stg to stop his menaces. He has used this black-art with other counter-parties according to our sources. A sweet scam if he succeeds. He won’t get his blood money from Jinbi, but unfortunately Jinbi cannot stop him trying to damage their reputation.

So, to answer your question: It is untrue and is false news.

Jinbi’s view is that this in an unwelcome distraction, but they will maintain their focus on creating a successful launch and an even more successful token.
9  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 03, 2018, 07:02:27 PM
When the pre - sale starts. I've sent an e-mail from online form couple of weeks before , and still no reply...

best way to get quick response from the team is on their telegram chat, but i do think this thread should also be more active to bring more awareness to project

Can you tell their link?
i have this --> https://t.me/JinbiToken
but i can't write on it


Matbe you should try this t.me/JinbTokenOfficial am not sure if they are thesame.




it doens't work Sad

It doesn’t work because there is a typo in that link...

This does: https://t.me/JinbiTokenOfficial
10  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: June 02, 2018, 01:32:07 PM
When the pre - sale starts. I've sent an e-mail from online form couple of weeks before , and still no reply...

June 18. Detailed schedule shown here. https://jinbitoken.io
11  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 30, 2018, 07:12:25 PM
Combining gold with blockchain and crypto world can be interesting. I think this is never done before so i will be waiting for results.
Volatilty is the main question in this equation so what will be your solution to that.

 CRYPTO UPSIDE with GOLD FLOOR provided by it´s intrinsic value

This is what is expected

Whilst the future remains unknown, Jinbi Token was carefully designed to maximize the chance of top-tier returns

I think you will see tremendous upside momentum

crake
12  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 20, 2018, 11:43:33 AM

How are they going to be different with XAUR?

Its interesting to see that holders will receive dividends which the team is likely going to resolve with legalization. Seem too good to be true already specially upon seeing the team speculate about he price to be $16 already by next year.  Grin

Target asks:
 
1.How are they going to be different with XAUR?
 
 
asdlolciterquit asks:
 
2.I don't understand how this token works..it is a token connected to a gold mining company?
 
Hi guys. These are serious questions and deserve non pr answers.
 
I’ll try…
 
With respect to XAUR etc.
 
It is not my business to critique different individual approaches to collateralised crypto. And definitely not in public. There are various acceptable and creative approaches. (it is a bit like designing a derivative or an maybe an equity offering at a bank. Lots of ways work and depends a little on what you want to achieve.)
 
But here is root problem: How do collateralise something in a way that dampens downside volatility, yet keeps upside participation?
 
I don’t favor vanilla wrapping i.e. 1 unit crypto backed by 1 unit of something (say gold, but it could be copper or live hogs). This is legitimate: but it raises the question…why not just invest in the underying product? You would however dampen downside volatility if you took this derivative design approach. It is questionable that you would get any extra upside juice.
 
Actually: you need to figure out how to either add gold to a fixed amount of crypto or possibly subtract crypto from a fixed amount of gold on an ongoing basis. This can done in a regular way or in lumps based on some milestone (price etc.)
 
There are various shops trying to create crypto structures that work in this respect. And i think that various counterparties are prepared to invest considerable effort in this sector gives weight to the core idea. In fact, my own interest stems from the fact that I think huge chunks or both equity and derivative like instruments will migrate to crypto.
 
So. And the white paper says this clearly. Yes they have mining partners. So that physical gold stream gets added into the Jinbi Token. Essentially they are financing a certain amount of gold production. As more gold gets added you can rationally expect the token to maintain loaded upside exposure. Hence their token price predictions.
 
 It all makes sense and I am happy to take PMs via telegram to dig hard into details. I just don’t want to go nuts here for general audience.
 
Thanks
 
Crake



i've read that you prefer talk via PMs or telegram, but i'm wondering if you want to answer this question:
if i buy 1000$ of Jinbi Token and with them i buy 1000$ of gold, where the devs find the money to develop their project?

PM me please. It isn’t totally clear which bit of the white paper isn’t clear to you. So if I can ask you a couple of questions, I am sure a can put you straight. If this leads to improving the WP that would be a win/win 😀’

hi crake, i really appreciate your help but don't understand why we can't talk here, i think that maybe these and other posts can help other people too.
You can ask without any problem these questions, here.


This is not a tether-style coin, rather one that unlocks value moving further back up the supply chain and feeding those profits back into the token.

So, the amount of gold in the token is dynamic, but always increasing.

ok well, maybe i'm starting to understand.
So for example 5gr of gold will be linked to one token in 2019. Since there will not be more token in circulation in 2020, more gold will be linked to my token? is it correct?

Yes. Like that... 😎
13  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 15, 2018, 11:12:30 AM
Bounty is only available after the minimum raise has been met which is $8million.
---Bounty participants won't get any token if <$8million was raised?

Looks like this won’t be an issue judging by the initial response. But any money raised via bounty will be paid. It would be dumb not too. Jinbi will take care of its community

Which initial response are you talking about?
The $8million requirement is clearly stated in the bounty thread, only in smaller font.
It is still an issue to me.


Hello.

I understand where you are coming from. Nobody wants to work for free. The odds of that are greatly reduced with a project of this caliber. It is a good project and a great team. To get straight to the point: If the minimum subscription of $8mil is not raised the ICO is cancelled. Under those circumstances, as no money was taken, there is no bounty to pay. (If you find the thread wording outlining this confusing, that is unintentional).

It is important that you consider all possible outcomes. Yes…to be undersubscribed would suck. But have you considered what might happen if the offering is oversubscribed?  I think that would cause a Jinbi Token price pop to the upside post ICO which would be very gratifying.

Sometimes in life, things turn out far better than anyone dared hope! The fact is we don’t yet know for sure what will happen. However I am privy to initial metrics and I personally know some of the larger potential investors (Funds) that have made commitments. This makes me very confident that Jinbi are very much ahead of schedule and things are going very well for them (and therefore everybody involved in the bounty campaign.)

Crake

//// Actually: Sylon´s bounty post says ¨You will receive 3% of all JINBI tokens, based on your number of stakes¨, not 3% of raised funds or tokens. Thus, this means that JINBI will distribute 3% of the tokens to the bounty campaign participants (and this is not conditional on a minimum raise). This corrects what I wrote previously above. Apologies. ////


I as well also find the above condition disturbung as that will totally neans that my effort to promote this project Will be in vain, but they say life is a risk, so am participating with positive mind hoping that project is successful so i get paid in the end Wink

Between i think its more better to answe questions here on thread so that more people will understand and benefit than in pms, and can attract potential investors.

maybe you didn't notice my correction  Smiley

¨Actually: Sylon´s bounty post says ¨You will receive 3% of all JINBI tokens, based on your number of stakes¨, not 3% of raised funds or tokens. Thus, this means that JINBI will distribute 3% of the tokens to the bounty campaign participants (and this is not conditional on a minimum raise). This corrects what I wrote previously above. Apologies.¨

all Ok?  Roll Eyes
14  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 12, 2018, 02:28:07 PM

How are they going to be different with XAUR?

Its interesting to see that holders will receive dividends which the team is likely going to resolve with legalization. Seem too good to be true already specially upon seeing the team speculate about he price to be $16 already by next year.  Grin

Target asks:
 
1.How are they going to be different with XAUR?
 
 
asdlolciterquit asks:
 
2.I don't understand how this token works..it is a token connected to a gold mining company?
 
Hi guys. These are serious questions and deserve non pr answers.
 
I’ll try…
 
With respect to XAUR etc.
 
It is not my business to critique different individual approaches to collateralised crypto. And definitely not in public. There are various acceptable and creative approaches. (it is a bit like designing a derivative or an maybe an equity offering at a bank. Lots of ways work and depends a little on what you want to achieve.)
 
But here is root problem: How do collateralise something in a way that dampens downside volatility, yet keeps upside participation?
 
I don’t favor vanilla wrapping i.e. 1 unit crypto backed by 1 unit of something (say gold, but it could be copper or live hogs). This is legitimate: but it raises the question…why not just invest in the underying product? You would however dampen downside volatility if you took this derivative design approach. It is questionable that you would get any extra upside juice.
 
Actually: you need to figure out how to either add gold to a fixed amount of crypto or possibly subtract crypto from a fixed amount of gold on an ongoing basis. This can done in a regular way or in lumps based on some milestone (price etc.)
 
There are various shops trying to create crypto structures that work in this respect. And i think that various counterparties are prepared to invest considerable effort in this sector gives weight to the core idea. In fact, my own interest stems from the fact that I think huge chunks or both equity and derivative like instruments will migrate to crypto.
 
So. And the white paper says this clearly. Yes they have mining partners. So that physical gold stream gets added into the Jinbi Token. Essentially they are financing a certain amount of gold production. As more gold gets added you can rationally expect the token to maintain loaded upside exposure. Hence their token price predictions.
 
 It all makes sense and I am happy to take PMs via telegram to dig hard into details. I just don’t want to go nuts here for general audience.
 
Thanks
 
Crake



i've read that you prefer talk via PMs or telegram, but i'm wondering if you want to answer this question:
if i buy 1000$ of Jinbi Token and with them i buy 1000$ of gold, where the devs find the money to develop their project?

PM me please. It isn’t totally clear which bit of the white paper isn’t clear to you. So if I can ask you a couple of questions, I am sure a can put you straight. If this leads to improving the WP that would be a win/win 😀’

hi crake, i really appreciate your help but don't understand why we can't talk here, i think that maybe these and other posts can help other people too.
You can ask without any problem these questions, here.


This is not a tether-style coin, rather one that unlocks value moving further back up the supply chain and feeding those profits back into the token.

So, the amount of gold in the token is dynamic, but always increasing.
15  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 11, 2018, 12:50:48 PM
I just had a look at the whitepaper which is pretty simple by the way.
I noticed there was no description of how will the fund raised from ICO be used for.


Yes. You are right. The WP is light on the commercial detail. That was a marketing decision. To highlight the key points, but not overload with detail. They could have massively enlarged the cryptography section for instance, but chose not to.
16  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 09, 2018, 09:13:24 AM
Bounty is only available after the minimum raise has been met which is $8million.
---Bounty participants won't get any token if <$8million was raised?

Looks like this won’t be an issue judging by the initial response. But any money raised via bounty will be paid. It would be dumb not too. Jinbi will take care of its community

Which initial response are you talking about?
The $8million requirement is clearly stated in the bounty thread, only in smaller font.
It is still an issue to me.


Hello.

I understand where you are coming from. Nobody wants to work for free. The odds of that are greatly reduced with a project of this caliber. It is a good project and a great team. To get straight to the point: If the minimum subscription of $8mil is not raised the ICO is cancelled. Under those circumstances, as no money was taken, there is no bounty to pay. (If you find the thread wording outlining this confusing, that is unintentional).

It is important that you consider all possible outcomes. Yes…to be undersubscribed would suck. But have you considered what might happen if the offering is oversubscribed?  I think that would cause a Jinbi Token price pop to the upside post ICO which would be very gratifying.

Sometimes in life, things turn out far better than anyone dared hope! The fact is we don’t yet know for sure what will happen. However I am privy to initial metrics and I personally know some of the larger potential investors (Funds) that have made commitments. This makes me very confident that Jinbi are very much ahead of schedule and things are going very well for them (and therefore everybody involved in the bounty campaign.)

Crake

//// Actually: Sylon´s bounty post says ¨You will receive 3% of all JINBI tokens, based on your number of stakes¨, not 3% of raised funds or tokens. Thus, this means that JINBI will distribute 3% of the tokens to the bounty campaign participants (and this is not conditional on a minimum raise). This corrects what I wrote previously above. Apologies. ////
17  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 08, 2018, 08:59:00 PM

How are they going to be different with XAUR?

Its interesting to see that holders will receive dividends which the team is likely going to resolve with legalization. Seem too good to be true already specially upon seeing the team speculate about he price to be $16 already by next year.  Grin

Target asks:
 
1.How are they going to be different with XAUR?
 
 
asdlolciterquit asks:
 
2.I don't understand how this token works..it is a token connected to a gold mining company?
 
Hi guys. These are serious questions and deserve non pr answers.
 
I’ll try…
 
With respect to XAUR etc.
 
It is not my business to critique different individual approaches to collateralised crypto. And definitely not in public. There are various acceptable and creative approaches. (it is a bit like designing a derivative or an maybe an equity offering at a bank. Lots of ways work and depends a little on what you want to achieve.)
 
But here is root problem: How do collateralise something in a way that dampens downside volatility, yet keeps upside participation?
 
I don’t favor vanilla wrapping i.e. 1 unit crypto backed by 1 unit of something (say gold, but it could be copper or live hogs). This is legitimate: but it raises the question…why not just invest in the underying product? You would however dampen downside volatility if you took this derivative design approach. It is questionable that you would get any extra upside juice.
 
Actually: you need to figure out how to either add gold to a fixed amount of crypto or possibly subtract crypto from a fixed amount of gold on an ongoing basis. This can done in a regular way or in lumps based on some milestone (price etc.)
 
There are various shops trying to create crypto structures that work in this respect. And i think that various counterparties are prepared to invest considerable effort in this sector gives weight to the core idea. In fact, my own interest stems from the fact that I think huge chunks or both equity and derivative like instruments will migrate to crypto.
 
So. And the white paper says this clearly. Yes they have mining partners. So that physical gold stream gets added into the Jinbi Token. Essentially they are financing a certain amount of gold production. As more gold gets added you can rationally expect the token to maintain loaded upside exposure. Hence their token price predictions.
 
 It all makes sense and I am happy to take PMs via telegram to dig hard into details. I just don’t want to go nuts here for general audience.
 
Thanks
 
Crake



Thanks Crake, appreciate you take time to really made a point of what we asked here.

For the bounty i have a question if Bounty requires KYC to received the token after the ico?

We don't know yet, nothing about that on the bounty thread. We'll see later

And yes the team is real, one of them have worked on the Pillar Wallet : https://coinmarketcap.com/currencies/pillar/
How do you determine if they are the same person? If they are the same person, I will have more confidence in this project because they are real projects.


https://pillarproject.io/about/

https://2030.io/the-team/

https://jinbitoken.io/team/

These links will help you cross reference, but if that is not enough, I am sure you can contact team members directly if you need further confirmation that an individual is involved with pillar and Jinbi.


Will probably be asking to the pillar team later. Tomer Sofinzon is cool.
But who are you in the team Crake?  I checked the team https://jinbitoken.io/team/ and can't see anyone named crake. I hope to remove doubts here.

I am just a friend of the house 😀😀😀

And yes.

The team have pedigree and the business is sound:
so I am confident that it will be a successful offering.

18  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 06, 2018, 05:18:41 AM
For the bounty i have a question if Bounty requires KYC to received the token after the ico?

We don't know yet, nothing about that on the bounty thread. We'll see later

And yes the team is real, one of them have worked on the Pillar Wallet : https://coinmarketcap.com/currencies/pillar/
How do you determine if they are the same person? If they are the same person, I will have more confidence in this project because they are real projects.


https://pillarproject.io/about/

https://2030.io/the-team/

https://jinbitoken.io/team/

These links will help you cross reference, but if that is not enough, I am sure you can contact team members directly if you need further confirmation that an individual is involved with pillar and Jinbi.

19  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 05, 2018, 04:21:06 PM
Bounty is only available after the minimum raise has been met which is $8million.
---Bounty participants won't get any token if <$8million was raised?

Looks like this won’t be an issue judging by the initial response. But any money raised via bounty will be paid. It would be dumb not too. Jinbi will take care of its community
20  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 on: May 05, 2018, 04:06:36 PM

How are they going to be different with XAUR?

Its interesting to see that holders will receive dividends which the team is likely going to resolve with legalization. Seem too good to be true already specially upon seeing the team speculate about he price to be $16 already by next year.  Grin

Target asks:
 
1.How are they going to be different with XAUR?
 
 
asdlolciterquit asks:
 
2.I don't understand how this token works..it is a token connected to a gold mining company?
 
Hi guys. These are serious questions and deserve non pr answers.
 
I’ll try…
 
With respect to XAUR etc.
 
It is not my business to critique different individual approaches to collateralised crypto. And definitely not in public. There are various acceptable and creative approaches. (it is a bit like designing a derivative or an maybe an equity offering at a bank. Lots of ways work and depends a little on what you want to achieve.)
 
But here is root problem: How do collateralise something in a way that dampens downside volatility, yet keeps upside participation?
 
I don’t favor vanilla wrapping i.e. 1 unit crypto backed by 1 unit of something (say gold, but it could be copper or live hogs). This is legitimate: but it raises the question…why not just invest in the underying product? You would however dampen downside volatility if you took this derivative design approach. It is questionable that you would get any extra upside juice.
 
Actually: you need to figure out how to either add gold to a fixed amount of crypto or possibly subtract crypto from a fixed amount of gold on an ongoing basis. This can done in a regular way or in lumps based on some milestone (price etc.)
 
There are various shops trying to create crypto structures that work in this respect. And i think that various counterparties are prepared to invest considerable effort in this sector gives weight to the core idea. In fact, my own interest stems from the fact that I think huge chunks or both equity and derivative like instruments will migrate to crypto.
 
So. And the white paper says this clearly. Yes they have mining partners. So that physical gold stream gets added into the Jinbi Token. Essentially they are financing a certain amount of gold production. As more gold gets added you can rationally expect the token to maintain loaded upside exposure. Hence their token price predictions.
 
 It all makes sense and I am happy to take PMs via telegram to dig hard into details. I just don’t want to go nuts here for general audience.
 
Thanks
 
Crake



i've read that you prefer talk via PMs or telegram, but i'm wondering if you want to answer this question:
if i buy 1000$ of Jinbi Token and with them i buy 1000$ of gold, where the devs find the money to develop their project?

PM me please. It isn’t totally clear which bit of the white paper isn’t clear to you. So if I can ask you a couple of questions, I am sure a can put you straight. If this leads to improving the WP that would be a win/win 😀’
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