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Author Topic: [ANN] Jibrel Network | Traditional financial assets on-chain [Nov. 27]  (Read 17257 times)
Immanuel10
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November 27, 2017, 03:05:57 PM
 #201

Do you feel competition on this market?
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drew.air
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November 27, 2017, 03:08:15 PM
 #202

I also would like to get answer abount JNT ticker already in use before any  investments.
drew.air
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November 27, 2017, 03:37:44 PM
 #203

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

I saw 80M before sale start and assume it is token reserved for presale, bounty and for team, advisors, partners.
Thus, 3M from 83M raised today.
BillionDollarMan
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November 27, 2017, 10:20:25 PM
 #204

I also would like to get answer abount JNT ticker already in use before any  investments.

It's gonna create lot of confusion and an opportunity for opportunists.  Wink Wink Grin
jibrelnetwork
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November 28, 2017, 02:57:46 AM
 #205

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

I saw 80M before sale start and assume it is token reserved for presale, bounty and for team, advisors, partners.
Thus, 3M from 83M raised today.

You are correct! We changed the wording to read Allocated Tokens to avoid the confusion!
jibrelnetwork
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November 28, 2017, 03:03:36 AM
 #206

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


Hi JNT is used to balance Jibrel DAO's assets/liabilities.

So the volatility doesn't matter as much as the fact that you need to use a token that is tied to the system.

If there is demand for CryDRs (which lock JNT), then JN T appreciates in price, and the Jibrel DAO owes less in liabilities and can mint more CryDRs.

This duality is explained a bit further in our Roadmap. Its under the title A Dedicated Token.
truongtom1993
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November 28, 2017, 03:17:50 AM
 #207

I bought 22100 tokens Smiley
Dukeito
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November 28, 2017, 11:36:13 AM
 #208

I feel charm.

duongtien86vn
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SEXXY


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November 28, 2017, 12:46:57 PM
 #209

Nice project with the best trust idea. I want to register for Vietnamese translation. Vietnam is the biggest market for Cryto,  if you need PM me.

Good luck success!

truongtom1993
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November 28, 2017, 02:16:52 PM
 #210

Nice project with the best trust idea. I want to register for Vietnamese translation. Vietnam is the biggest market for Cryto,  if you need PM me.

Good luck success!

I think you should pay attention to Vietnam
jibrelnetwork
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November 28, 2017, 11:53:22 PM
 #211

Nice project with the best trust idea. I want to register for Vietnamese translation. Vietnam is the biggest market for Cryto,  if you need PM me.

Good luck success!

I think you should pay attention to Vietnam

Thanks! Someone highlighted this in our Telegram group and our co-founder Talal Tabbaa is finding a good event to attend in Vietnam. If you know of events, happy to hear feedback on which one Jibrel should attend.
jibrelnetwork
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November 28, 2017, 11:56:01 PM
 #212

Do you feel competition on this market?

There is quite a bit of competition.

But everyone seems to be focused on Public / Listed equity (i.e. stocks / shares).

But we don't do this for very obvious reasons. Highlighted in our Medium post "Why we don't do listed equity".



Right now, we understand that if we want to bring financial services to the blockchain, we need two key things:

1. jCash - Crypto-fiat (to interact with the real-world)
2. jWallet - Institutional grade wallet that meets the levels of Online Banking



We're much more active on telegram, feel free to join the chat there!
BillionDollarMan
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November 29, 2017, 12:06:24 PM
 #213

Hi Anna,

Could you please explain below?

https://imgur.com/qGZvAtf

https://i.imgur.com/yjn20lp.jpg
jibrelnetwork
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November 29, 2017, 04:00:57 PM
 #214

Hi Anna,

Could you please explain below?







Hi!

1. Tokens will be listed on exchanges on February 1st (or earlier if ICO ends earlier)

2. This seems to be some confusion on CryptoCompare between Jibrel Network Token (JNT) and JointCoin - JNT has not started trading yet!


Apologies for the confusion, we will contact the right people to ensure Jibrel Network Token remains the one and true JNT!
miningguru
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November 29, 2017, 04:36:46 PM
 #215

Hi Anna,

Could you please explain below?







Hi!

1. Tokens will be listed on exchanges on February 1st (or earlier if ICO ends earlier)

2. This seems to be some confusion on CryptoCompare between Jibrel Network Token (JNT) and JointCoin - JNT has not started trading yet!


Apologies for the confusion, we will contact the right people to ensure Jibrel Network Token remains the one and true JNT!

I hope everything is clear because while we are trading we have to check twice for the ticker. So, I got some clarity from the team and Jibrel is taking some security measure before buying the token in it's crowdsale.

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jibrelnetwork
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November 29, 2017, 08:57:21 PM
 #216

Hi Anna,

Could you please explain below?







Hi!

1. Tokens will be listed on exchanges on February 1st (or earlier if ICO ends earlier)

2. This seems to be some confusion on CryptoCompare between Jibrel Network Token (JNT) and JointCoin - JNT has not started trading yet!


Apologies for the confusion, we will contact the right people to ensure Jibrel Network Token remains the one and true JNT!

I hope everything is clear because while we are trading we have to check twice for the ticker. So, I got some clarity from the team and Jibrel is taking some security measure before buying the token in it's crowdsale.



We are careful about JNT secondary markets forming before the token is listed.

So JNT withdrawals are restricted before December 15th (you can view your balance in your token sale dashboard, but cannot withdraw into your personal ETH address)

JNT transfers will be restricted (only to your whitelisted wallet) until the token is listed on exchanges post ICO close.


Hope that helps!
BillionDollarMan
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November 29, 2017, 08:58:55 PM
 #217

Hi!

1. Tokens will be listed on exchanges on February 1st (or earlier if ICO ends earlier)

2. This seems to be some confusion on CryptoCompare between Jibrel Network Token (JNT) and JointCoin - JNT has not started trading yet!


Apologies for the confusion, we will contact the right people to ensure Jibrel Network Token remains the one and true JNT!

Okay, good to know that listing date is Feb,2018 unlike your website showing 2017.  Wink

Off topic but could you let me know how this ticker assignment process for cryptocurrency works,if you find out?
Thanks
jibrelnetwork
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November 30, 2017, 12:18:55 AM
 #218

Hi!

1. Tokens will be listed on exchanges on February 1st (or earlier if ICO ends earlier)

2. This seems to be some confusion on CryptoCompare between Jibrel Network Token (JNT) and JointCoin - JNT has not started trading yet!


Apologies for the confusion, we will contact the right people to ensure Jibrel Network Token remains the one and true JNT!

Okay, good to know that listing date is Feb,2018 unlike your website showing 2017.  Wink

Off topic but could you let me know how this ticker assignment process for cryptocurrency works,if you find out?
Thanks

Hah, we noticed it and are fixing!

On the token symbols, its a first come first serve, also given lack of coordination between exchanges, you end up with duplication.

In some cases, you have multiple token names, etc. it was a nightmare cleaning these up for the pre-stock tokens in the https://jWallet.network/
fergany
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November 30, 2017, 03:35:49 PM
 #219

Hello from Egypt,
what is the expected price after the ICO. we need to calculated estimated ROI
jibrelnetwork
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November 30, 2017, 10:20:24 PM
 #220

Hello from Egypt,
what is the expected price after the ICO. we need to calculated estimated ROI


Hi -

We build the network, we let you speculate on price.


But on a high-level (this isn't an exact science, run your own numbers to calculate an RoI, this is meant to show how to calculate it):

  • Our first application of jCash is hedging tokens. The current crypto-economy is ~300bn.
  • We can safely assume, that since we're at ATHs regularly, that people are looking to hedge.
  • Assuming 10% are looking to hedge, that is a US$30BN market.
  • The only real provider today is Tether
  • People are unhappy with tether
  • Assuming we capture 20% of hedging market share, we're looking at 6bn dollars
  • Hedging tokens are bought and held (i.e. average lock-up periods are in excess of 1 month)
  • That assumes 500mn locked up at any given point in time
  • ~160mn tokens in circulation at a price of US$ 0.25 per token - JNT can control US$ 40mn
  • JNT would need to appreciate by 12X to meet demand


Hope that helps!
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