[ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒

[CryptoRobert]

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. 

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... 😎

well, that's really huge!
I really don't know any other token that have this unique "feature".
If i buy this token i can be pretty sure that its value will rise... i don't think there are other tokens like that..

It sounds very nice, even though I didn't understand all the mecanisms why the token should appreciate so much in future. Of course, if the gold price will rise, this is fully understandable, but if not? Anyway, the whitepaper is very well done, even though it could have had a few details more.

[jaksone]

Usually everything related to gold will always be liked by everyone because it exudes glamor and glory .. Hopefully JINBI project also so

[asche]

I'm really excited about this.

Let's see how Gold can get some stability in this highly volatile market.

And if it stays volatile, let's arbitrage-trade!

[rezakurnia66]

I see this project is extremely interesting to let alone teaming with gold companies will certainly be increasingly attractive again for investors and I see support for this project has pretty much so hopefully ahead smoothly and successfully.

[atsyazani]

I see this project is extremely interesting to let alone teaming with gold companies will certainly be increasingly attractive again for investors and I see support for this project has pretty much so hopefully ahead smoothly and successfully.

you're right, and it seems like no need to doubt if this project could later great success, because the project is managed by a team of very reliable.

[dubleman]

I see this project is extremely interesting to let alone teaming with gold companies will certainly be increasingly attractive again for investors and I see support for this project has pretty much so hopefully ahead smoothly and successfully.

you're right, and it seems like no need to doubt if this project could later great success, because the project is managed by a team of very reliable.

I agree with your opinion here, I also saw the teams that manage and develop this project already experienced and certainly there is no doubt they will work hard for the sake of the success of the projects.

[UstadSoleh]

I see this project is extremely interesting to let alone teaming with gold companies will certainly be increasingly attractive again for investors and I see support for this project has pretty much so hopefully ahead smoothly and successfully.

you're right, and it seems like no need to doubt if this project could later great success, because the project is managed by a team of very reliable.

and not only that, I see that many of the participants have joined in the project, so it certainly will be more and more people who will promote this project. Hopefully this project can be a great success and gives amazing results.

[Retired]

one question: the pre-ico last only 3 days??

It seems so, as the first week (have a look at the website, it says "week 1") is only 3 days later, on June 21th. On the other hand, there's nothing preventing the presale lasting less than than those three days.

[critolika]

I see this project is extremely interesting to let alone teaming with gold companies will certainly be increasingly attractive again for investors and I see support for this project has pretty much so hopefully ahead smoothly and successfully.

you're right, and it seems like no need to doubt if this project could later great success, because the project is managed by a team of very reliable.

and not only that, I see that many of the participants have joined in the project, so it certainly will be more and more people who will promote this project. Hopefully this project can be a great success and gives amazing results.

the project is getting a lot of support, hopefully more and more investors are joining this project so that later this project will be able to run smoothly in accordance with its plan and achieve its success.

[Planton]

It looks like the project will be a great success, the project not only has an interesting concept and it has a lot of support. but the project also administered by a very professional team.
success always for this project.

[NDX-AKA]

It looks like the project will be a great success, the project not only has an interesting concept and it has a lot of support. but the project also administered by a very professional team.
success always for this project.

I think so, but we also see how the development of this project. hopefully all went smoothly until the success can be achieved.

[nugrama]

It looks like the project will be a great success, the project not only has an interesting concept and it has a lot of support. but the project also administered by a very professional team.
success always for this project.

I think so, but we also see how the development of this project. hopefully all went smoothly until the success can be achieved.

many are giving support to this project and I became convinced that indeed this project in the future could provide advantages for its users and hopefully when the ICO started many investors who join with this project.

[qemjo]

It sounds very nice, even though I didn't understand all the mecanisms why the token should appreciate so much in future. Of course, if the gold price will rise, this is fully understandable, but if not? Anyway, the whitepaper is very well done, even though it could have had a few details more.

One more time : Gold total supply allocated to Jinby will increase years after years, so token value will increase too.

[u_chiha]

It sounds very nice, even though I didn't understand all the mecanisms why the token should appreciate so much in future. Of course, if the gold price will rise, this is fully understandable, but if not? Anyway, the whitepaper is very well done, even though it could have had a few details more.

One more time : Gold total supply allocated to Jinby will increase years after years, so token value will increase too.

yes it is true when we buy JINBI tokens just like we buy gold that can grow by itself, this project really interesting and have good potential in the future.

[TranslateIntoDutch]

For those interested, both the whitepaper and ANN are now available in Dutch.

Jinbi whitepaper: https://drive.google.com/open?id=1kuqlyMEYEOqc0jXdUwNPuPb2qtdjczkf
Jinbi ANN: https://bitcointalk.org/index.php?topic=3754544

[mangkel]

Jinbi Token has a very unique concept because it combines gold and digital currencies where this concept has never existed before

[Blackwhite69]

This project has a very good price on the round map that has been described on their website but whether the good price will be in the market.

[zgrdyg]

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.

[qemjo]

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.

I think if there is real gold linked to jinbi token, as they said, there is no reason to have volatility as tokens has a real value in gold!

[regarcigar]

the idea of this project is very good, the arrangement is very good, the project is very clear and very easy to understand, I see that token jinbi project there is a big and best project at this time, hopefully this project can achieve the target specified, and bright in the future