Janus [JNS] Blockchain secured global business - Ignis || Ardor

[JanusDev]

Janus Status Update

As you may have noticed, things have been a bit quiet lately. This post is an attempt to explain what has happened over the past few weeks and to clarify our outlook for the future.

Active Sites and Dividends
a) As you probably know, we got involved with the ETC (Ethereum Classic) community. As an icebreaker and to prove that we're men of our word and know what we're doing (more on this later), we launched EtcBets.com ... an upgrade of our existing codebase to use websockets as a transport layer which gives our site awesome betting speed and massively reduced server load. The site was well received and some of the site profits were distributed to both the ETC dev team(s) and Janus holders.

b) Parallel to this, BetterBets.io is still running and processing bets using both BTC and NXT. While it's initial reception from the NXT community was quite positive, traffic has dropped quite a bit over the past 2 months. Part of this may be our fault because we've been focused on our future businesses and have not done a lot of promotions and marketing; another factor contributing to the drop in traffic may be that the NXT community is simply too small to sustain large betting volumes now that the initial site 'newness' has worn off.

c) Since betting is an unpredictable business and lady luck can't be relied upon to always smile our way, EtcBets profits in May were basically wiped out by a lucky (and/or skillful) player who managed to win a large pot. The same player came back in June and repeated his performance, leading to another low dividend month for Janus holders. Our feeling on this are (of course) mixed. On the one hand, we don't mind players winning and our investigation showed that this player's winning were legitimate; as such we can only congratulate him on his success (on a sidepoint, the fact that this player was able to win a significant amount of ETC should serve as proof that we run an honest and fair casino). On the other hand, since we own the bankroll and could not distribute any significant dividends to Janus holders we're a bit saddened by our loss. But such is the gambling business, you win some and you loose some.

d) Adding insult to injury, in early July a flaw in our site was discovered and an attacker managed to make off with about 490 ETC. Due to the fact that we have certain safeguards in place the attacker could not extract more than his amount from our site, but the loss, while not crippling still hurts. We put the site into maintenance and have since re-engineered the code which was responsible for the exploit. As of 2 days ago the site is live again with dice bets; Parabolic will be put live during the course of this week. To be clear: our server was not compromised and the majority of our bankroll remains unharmed and in our possession.

Future Plans
a) We have reached agreement with a new developer who will join our team before the end of July. We hope that the addition of this developer will lighten the workload of our main dev (Lobos) and allow us to speed up development of our new sites.

b) We have always said that we will not put all our eggs in one basket. As such, we have for some time had plans for some side initiatives which at least deserve a shot to see if they can grow into viable businesses. One of these initiatives is about 50% complete and it will be the task of our new dev to take the code we have so far and bring it to completion.

c) In addition to everything else which has been going on, work on our first mainstream site - TradeMimic.com - has begun and some basic pieces of functionality are starting to come together. There is still lots of work to be done for this site and completing it will be our devs primary focus for the remainder of Q3. We will keep everybody posted on progress and hope to invite some of our Janus investors to be beta testers when the site/code is ready for that.

[1714893687]

1714893687

[1714893687]

1714893687

[Piston Honda]

good to hear.

[qiwoman2]

Thank you as always for posting the latest news update and am sorry for the LOSS in ETC bets regarding the hacker, not nice to be doing something cool for another coin community only to have some nasty person come and spoil it for everyone..It doesn't matter we live, learn and move on. I am still a loyal holder long term for JNS and will try to pick up some cheap on the exchanges to up my bags.

[Ralex999]

Thank you as always for posting the latest news update and am sorry for the LOSS in ETC bets regarding the hacker, not nice to be doing something cool for another coin community only to have some nasty person come and spoil it for everyone..It doesn't matter we live, learn and move on. I am still a loyal holder long term for JNS and will try to pick up some cheap on the exchanges to up my bags.

I'm looking very carefully at the coin, because I'm now also a holder of JNS; D I believe that after a while she will show herself.

[qiman]

My Wife had a good instinct with this coin and team so I am sure that in a few months we will have very nice developments. I am so sorry to hear about the ETCBETS Hack and support the team through this difficult time. All businesses have challenges that need to be overcome but I am sure that JANUS TEAM AND COMMUNITY will be there to see this project through to the end.

[apenzl]

In case you didn't know...

https://www.nxter.org/nxt-news-july-2017-iv/

You can subscribe to the weekly Ardor + Nxt news here: https://nxter.org/newsletters + follow that https://twitter.com/Nxter_org

[Ralex999]

My Wife had a good instinct with this coin and team so I am sure that in a few months we will have very nice developments. I am so sorry to hear about the ETCBETS Hack and support the team through this difficult time. All businesses have challenges that need to be overcome but I am sure that JANUS TEAM AND COMMUNITY will be there to see this project through to the end.

Instinct is good! ) But for example, on C-CEX there is absolutely no volume, it can lead to removal by the exchange?

[sevenx70]

My Wife had a good instinct with this coin and team so I am sure that in a few months we will have very nice developments. I am so sorry to hear about the ETCBETS Hack and support the team through this difficult time. All businesses have challenges that need to be overcome but I am sure that JANUS TEAM AND COMMUNITY will be there to see this project through to the end.

Instinct is good! ) But for example, on C-CEX there is absolutely no volume, it can lead to removal by the exchange?

True but the truth is nobody wants to give up their janus because of the long term potential of the project. At first glance it appears to be a low liquidity token but the truth is we are not selling our stake in this project.

Good things come to those that wait.

[Ralex999]

My Wife had a good instinct with this coin and team so I am sure that in a few months we will have very nice developments. I am so sorry to hear about the ETCBETS Hack and support the team through this difficult time. All businesses have challenges that need to be overcome but I am sure that JANUS TEAM AND COMMUNITY will be there to see this project through to the end.

Instinct is good! ) But for example, on C-CEX there is absolutely no volume, it can lead to removal by the exchange?

True but the truth is nobody wants to give up their janus because of the long term potential of the project. At first glance it appears to be a low liquidity token but the truth is we are not selling our stake in this project.

Good things come to those that wait.

I agree with you, this is a long-term project. May I ask? What do you prefer in exchange for this exchange?

[gordonhill]

- The Janusproject Team

[qiwoman2]

- The Janusproject Team

I really enjoyed reading the article this evening and this is why I really love this project and it is dear to my heart. The TEAM is always updating us and working relentlessly to the End Goal. I feel honored always to be a part of the JANUS FAMILY, thank you for always being there for us, in good times and in the not so good ones.. 

[sevenx70]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

[gordonhill]

-The Janusproject Team

[4theLOVEofCrypto]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

100% agree with you dude.

[carlisle1]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

100% agree with you dude.

better to keep it in mind that serious developers are not aiming for short term success but they keep looking for the purpose to served by their project
and I seen that from the dev and for sure they will not let us down so keep holding and enjoy what you are doing and never to panic. keep it up dev team.

[Trade_BTC]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

100% agree with you dude.

better to keep it in mind that serious developers are not aiming for short term success but they keep looking for the purpose to served by their project
and I seen that from the dev and for sure they will not let us down so keep holding and enjoy what you are doing and never to panic. keep it up dev team.

This is how I feel about Janus too. I learned a long time ago not to let coins from teams like this go. I think now is a buyer's market for this token. I noticed too the dev team pulled all their tokens back to the main wallet. Something big is coming again.

[kimmy724]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

100% agree with you dude.

better to keep it in mind that serious developers are not aiming for short term success but they keep looking for the purpose to served by their project
and I seen that from the dev and for sure they will not let us down so keep holding and enjoy what you are doing and never to panic. keep it up dev team.

This is how I feel about Janus too. I learned a long time ago not to let coins from teams like this go. I think now is a buyer's market for this token. I noticed too the dev team pulled all their tokens back to the main wallet. Something big is coming again.

Pulling back tokens to respective wallet is just a sign that they want to have dividends . That is all what everybody who invested in Janus wants. Unless again, earnings for this month yields  negative... again.

[Trade_BTC]

Janus is a long term hold for me. I have not sold any nor plan on selling. They are safely stored in my nxt wallet where they will stay.

Project hype from new ico's get all the press and these ico's don't even have a proof of concept.

Janus has it all and they are building/developing the next layer of business. Enjoy the summer, spend time with your family because Janus is getting ready to take off with their added value companies they are currently working on.

100% agree with you dude.

better to keep it in mind that serious developers are not aiming for short term success but they keep looking for the purpose to served by their project
and I seen that from the dev and for sure they will not let us down so keep holding and enjoy what you are doing and never to panic. keep it up dev team.

This is how I feel about Janus too. I learned a long time ago not to let coins from teams like this go. I think now is a buyer's market for this token. I noticed too the dev team pulled all their tokens back to the main wallet. Something big is coming again.

Pulling back tokens to respective wallet is just a sign that they want to have dividends . That is all what everybody who invested in Janus wants. Unless again, earnings for this month yields  negative... again.

I don't think token creator accounts can receive dividends on NXT but maybe I'm wrong as I don't know for sure.

[gordonhill]

Profitt share will be distributed early August if and only if there is profit in each of the 2 casinos.
Monthly calculation yet to be done.

I don't think token creator accounts can receive dividends on NXT but maybe I'm wrong as I don't know for sure.

That´s correct. Issuer account don´t receive profit share on NXT.

- The Janusproject Team

[Trade_BTC]

Profitt share will be distributed early August if and only if there is profit in each of the 2 casinos.
Monthly calculation yet to be done.

I don't think token creator accounts can receive dividends on NXT but maybe I'm wrong as I don't know for sure.

That´s correct. Issuer account don´t receive profit share on NXT.

- The Janusproject Team

This is good then because it would mean more divs if dev team holds them in their account. I want to be beta tester for Trademimic please!