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Author Topic: [ANN] Jibrel Network | Traditional financial assets on-chain [Nov. 27]  (Read 16626 times)
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November 23, 2017, 03:25:59 PM
 #181

This looks like another interesting tokenziation platform. Looking at the whitepaper, how do we know the "guarantor" actually has the underlying (tethered) asset? Will there be 3rd party audits, like on Ankorus.org's platform (ANK)?

Thanks!

1. Our system doesn't require as much trust / centralization

A tethered token on our network can be redeemed for the underlying value in ETH, BTC or JNT using the Jibrel DAO.
So any tethered token is simple a guarantee to redeem for the underlying assets worth, not the asset itself.

For example: 1 jUSD token can be redeemed for 1 dollar worth of JNT.



2. Audits:

New Alchemy: Security audit of contracts
PwC: Financial audit of accounts


3. The guarantor in this case is the Jibrel DAO. Our job off-chain is to always ensure the Jibrel DAO is solvent (i.e. holds enough assets to meet liabilities (tethered tokens))




Hope that helps!

Thanks. Have you established yet how often PwC will audit the off-chain accounts? Will you do something like Ankorus with a reserve levels dashboard?
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November 23, 2017, 04:31:46 PM
 #182

How do I participate in the token sale?

You can participate by visiting the dedicated token sale website https://sale.jibrel.network.



And surprise... URL is down  Huh

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November 23, 2017, 06:31:45 PM
 #183

How do I participate in the token sale?

You can participate by visiting the dedicated token sale website https://sale.jibrel.network.



And surprise... URL is down  Huh



The Token Sale website goes online tomorrow (when the white list opens).

Sorry for the inconvenience!
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November 23, 2017, 06:35:18 PM
 #184

This looks like another interesting tokenziation platform. Looking at the whitepaper, how do we know the "guarantor" actually has the underlying (tethered) asset? Will there be 3rd party audits, like on Ankorus.org's platform (ANK)?

Thanks!

1. Our system doesn't require as much trust / centralization

A tethered token on our network can be redeemed for the underlying value in ETH, BTC or JNT using the Jibrel DAO.
So any tethered token is simple a guarantee to redeem for the underlying assets worth, not the asset itself.

For example: 1 jUSD token can be redeemed for 1 dollar worth of JNT.



2. Audits:

New Alchemy: Security audit of contracts
PwC: Financial audit of accounts


3. The guarantor in this case is the Jibrel DAO. Our job off-chain is to always ensure the Jibrel DAO is solvent (i.e. holds enough assets to meet liabilities (tethered tokens))




Hope that helps!

Thanks. Have you established yet how often PwC will audit the off-chain accounts? Will you do something like Ankorus with a reserve levels dashboard?


Currently, its scheduled for once a year, but might have to increase that to twice a year.

We will release an actual audit report periodically, full annual report and financial statements.

There is no point in reinventing the wheel here. Companies have been releasing transparency, financial, audit reports for decades. We will do the same, based on business best practices and international standards (e.g. IFRS).
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November 23, 2017, 06:35:42 PM
 #185

Looks like a solid project that deserves more publicity. Good luck guys.

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November 23, 2017, 09:12:57 PM
 #186


The Token Sale website goes online tomorrow (when the white list opens).

Sorry for the inconvenience!

Ok, thanks for the clarification.
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November 24, 2017, 05:56:46 PM
 #187

Looks like a solid project that deserves more publicity. Good luck guys.

Thanks! We're better at building than we are at marketing Smiley

Hope you had a chance to play around with https://jwallet.network/

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November 26, 2017, 09:43:57 AM
 #188

dang, I wanted to back you guys but USA is banned :v

Doxu6iX3CzLWonQeGC2sbXCN3MP8quN9co
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https://icoadvert.com - Find your ICO


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November 26, 2017, 12:37:03 PM
 #189

Jibrel Network ICO is listed at ICOadvert.com

https://icoadvert.com/jibrel-network/


Please, follow us on Twitter & Facebook & Bitcointalk

https://icoadvert.com - Find your ICO
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November 26, 2017, 02:15:34 PM
 #190

With Ethereum wallets under constant attack, Jibrel Network decided to build their own

Since blockchain technologies appeared people have been trying to figure out how to put traditional assets like currencies, bonds and other financial instruments onto it in a way which has regulatory compliance and is secure. If you could do that you could sell securities in a legitimate way, thus disrupting large swathes of the asset management industry. In case you didn’t happen to know, the asset management industry is worth around $69 trillion or more, globally. But you have to hold these assets in wallets. And it’s not easy getting it right.
https://techcrunch.com/2017/11/22/with-ethereum-wallets-under-constant-attack-jibrel-network-decided-to-build-their-own/?ncid=rss/

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November 26, 2017, 02:16:35 PM
 #191

What Is jWallet?

Most people will agree that Ethereum is a valuable addition to the world of cryptocurrency and blockchain. Although the system is not without its flaws, significant progress has been made over the past two and a half years. However, when it comes to Ethereum wallets, there is still some work to be done. Jibrel Network, a Swiss company registered in Zug, is developing the jWallet, a product whose functionality extends far beyond storing cryptocurrencies.
https://themerkle.com/what-is-jwallet/

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November 26, 2017, 04:52:17 PM
 #192

Looks like a solid project that deserves more publicity. Good luck guys.

Thanks! We're better at building than we are at marketing Smiley

Hope you had a chance to play around with https://jwallet.network/



Poor Anna Smiley

I see real-world assets will be tradable on your platform. Will it make effectively a sort of exchange between cryptocurrencies and those real assets?
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November 26, 2017, 06:54:42 PM
 #193

Pre-registration is up on https://sale.jibrel.network/
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November 26, 2017, 06:55:36 PM
 #194

Looks like a solid project that deserves more publicity. Good luck guys.

Thanks! We're better at building than we are at marketing Smiley

Hope you had a chance to play around with https://jwallet.network/



Poor Anna Smiley

I see real-world assets will be tradable on your platform. Will it make effectively a sort of exchange between cryptocurrencies and those real assets?

Smiley Anna joined in September, so thats why things have gotten much better since!


Exactly, you'll be able to convert crypto to crypto-fiat and crypto-traditional assets.
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November 26, 2017, 07:30:10 PM
 #195

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November 26, 2017, 08:11:43 PM
 #196

Hi,

Just another quick question, pre-ico, token will be valued 0.2 euro.

It is said the token will be priced 0.25 later on.

While reading the website i also read:

> Given the extreme volatility of ETH and BTC, it would be difficult to hold liabilities in fiat currency (CryDRs) while holding volatile and uncorrelated crypto-assets. Using JNT, a closed system is established allowing for the system to self-balance.

And that is the part that make sense, due to the fact that you want insitutions to hold assets in your currency.

So if it is not that volatile, can we expect 10x, 20x, 30x from the currency or is this a "different kind" of ico with a currency that is not supposed to inflate/deflate that much?

EDIT:
What I also don't get is that since when you buy jUSD for example you are getting 1 dollar worth of JNTs, the volatility of the cryptocurrency shouldn't matter much, as the person who hedged USD doesn't care of the price of the crypto he is hedging on, as long as the value is guaranteed.

Thanks
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November 26, 2017, 11:32:38 PM
 #197

Hi,

There is already a coin with ticker as JNT (Jointcoin). It's traded on yobit right now and creates confusion as on cryptocompare and other sites these trades are shown under Jibrel Network Token. How are you going to resolve this?

Also correct token sale date on your website FAQ (It shows Nov,2017 to Jan,2017) and Token listing date is shown as Feb,2017 on token sale site. I liked the concept behind this but can't show to my ICO investor group till you could fix it.  Wink Smiley
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November 27, 2017, 02:12:43 PM
 #198

I sent ETH to my jWallet in order to transfer them to the ICO sale, but i got Transfer error every time i try to move ether from there....

EDIT:
It worked but i had to input a lower amount for the transfer to be successful. It would help indicating that as a reason for the failure.

Thanks
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November 27, 2017, 02:27:21 PM
 #199

How much money do you want to raise?
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November 27, 2017, 03:02:10 PM
 #200

Sale opened just today and i see 83M raised (16M USD) nice...
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