[ICO ENDED] Jarvis Network - bridge legacy and digital finance

[MandatoryOption]

If exchange will become popular token burning every month or quarter will be giving good value for tokens. For example Eidoo burning tokens as well.

Binance burned a million of their tokens as well and if you do it regularly the value of the tokens will increase.

But doesn't burning tokens increase the risk of them beeing deemed a security token? I read something about this some time ago, if I remember correctly. Not sure if it's true though.

So do you know if Jarvis has any plans to do  token burnings on a regular basis?

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[Jarvis Edge]

How much was raised on pre-sale? As I see pre-sale neds in 10 days, but why no counter of raised fund? And what news about demo-app exchange?

Hello, you can now see it on the webpage we have added a live bar so you can see how much has been raised.

>> https://www.jarvis.exchange/

So at the moment, $68k has been raised during the presale. It is still way below our expectations (we expected around 250k).

[beeelzebub]

As I see they burned 36,4 million unsold tokens from the private sale, lowering the total supply of JRT to 383M tokens.
And they going to use part of exchange revenue (after launch)  to buy JRT on the open market, and will then burn them. This looks like very good, as value of tokens will be increasing 

https://medium.com/jarvis-edge/token-burning-in-jarvis-why-and-how-we-will-use-token-burns-2f5f45bc0455

It is around %10 and not a huge difference. But it is a good way to show people they are keeping their promises. I think it is more important than token burning. We need teams that delivers.

[Jarvis Edge]

So for the listing of the coin/tokens to the exchange will be necessary to have jarvis token or it will be open to anyone?

According to this post you need at least ETH, no mention of jarvis token.

Fess will be as low as possible, we will not make any margin on it.

About our listing strategy, we have two :

> "centralized" way of thinking: we will take, with the community (DAO) the decision on which token/coin to be listed next according the the project, the utility of the token, etc.

> "decentralized" way of think: it exists projects like bancor or uniswap that allows to create your own liquidity pool; so basically if you have a token, that you have created, you send it to a smart contract + you send some ether (as example if you send $10,000 worth of Eth, and if you send 100,000 tokens, then your token will start trading at $0.1 per token); so anyone could list their own token if they provide liquidity

No, the ETH was referring to the way Uniswap work to create your own liquidity pool

For voting in Jarvis about the next token to be listed, you will need to have JRT.


Also remember that Jarvis can connects to several decentralized exchange from its own wallet as well as several protocols; therefore even if a token is not listed on Jarvis, it would be still possible to buy/sell it using partners, and then in one click, you would be able to benefit from the fiat gateway.

Example, you want to sell the token "ABC" or "XYZ", you connect the wallet to a DEX that list them, you sell them for ETH, you receive ETH in your Jarvis Wallet, and you just withdraw the ETH in your banking account.

[Jarvis Edge]

I hope you guys won't just list any coin out there who threw their money at you.
What will be the selection process?

No, they can still try to pay us the selection will be for the benefit of people.

The selection would be votation, and analysing of volumes on other exchanges, size of community, liquidity of our providers, the proejct itself, the utility of the token etc.

Listing a token which does not have any beta, mvp, or product, as example, could be a element we will use to do not list a token.

[pynetx]

I just saw Jarvis DAO in your Roadmap. Is it something similar to the MakerDAO concept or it's something different?

[Jarvis Edge]

Hello, we have added extra bonus for participants !

Buy JRT in BTC or ETH today, and receive the highest rate of the sale period


Sometimes, we hear from people that they love the project and want to participate, but they will wait for the token to be listed on an exchange to buy it. We also hear from people who are waiting for ETH or BTC to rise again, in order to buy our tokens… with this way of thinking, we have many people who haven’t bought our token neither during the private sale, nor during the presale… but we found a solution…




>> https://medium.com/jarvis-edge/buy-jrt-in-btc-or-eth-today-and-receive-the-highest-rate-of-the-sale-period-cb223d419d22

[Jarvis Edge]

I just saw Jarvis DAO in your Roadmap. Is it something similar to the MakerDAO concept or it's something different?

The Jarvis DAO will be explained in an article next week But shortly, the Jarvis Decentralized Autonomous Organization (DAO) is the place where our community can be decision-makers.

They could vote on bounty campaign, airdrop, hackathon rewards, contests rewards etc.

The DAO will have to manage a big fund of several millions of JRT, and to distribute these JRT over the years until no JRT is left

[phoenixdowndee]

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[Makkara]

I just saw Jarvis DAO in your Roadmap. Is it something similar to the MakerDAO concept or it's something different?

The Jarvis DAO will be explained in an article next week But shortly, the Jarvis Decentralized Autonomous Organization (DAO) is the place where our community can be decision-makers.

They could vote on bounty campaign, airdrop, hackathon rewards, contests rewards etc.

The DAO will have to manage a big fund of several millions of JRT, and to distribute these JRT over the years until no JRT is left

It seems quite a nice idea but from the top of my mind i cannot think of any DAO which became famous. Do let the people decide really work?

[Margary]

As I see they burned 36,4 million unsold tokens from the private sale, lowering the total supply of JRT to 383M tokens.
And they going to use part of exchange revenue (after launch)  to buy JRT on the open market, and will then burn them. This looks like very good, as value of tokens will be increasing 

https://medium.com/jarvis-edge/token-burning-in-jarvis-why-and-how-we-will-use-token-burns-2f5f45bc0455

It looks very good for the holders of this token. If they really do what they plan in the future, then this is quite promising. Especially the ransom in the market and burning.

If exchange will become popular token burning every month or quarter will be giving good value for tokens. For example Eidoo burning tokens as well.

Binance burned a million of their tokens as well and if you do it regularly the value of the tokens will increase.

Some people say, that the tokens do not need to be burned. they want these tokens divided among the participants. but I think, the first option is better.

[wissy]

If exchange will become popular token burning every month or quarter will be giving good value for tokens. For example Eidoo burning tokens as well.

Binance burned a million of their tokens as well and if you do it regularly the value of the tokens will increase.

Some people say, that the tokens do not need to be burned. they want these tokens divided among the participants. but I think, the first option is better.

Thats not how you keep the price up as everyone will have more tokens to sell which will mean lower prices. Binance tactics might be good to follow bu first Jarvis have to work on popularity.

[mandibleclaw]

How much was raised on pre-sale? As I see pre-sale neds in 10 days, but why no counter of raised fund? And what news about demo-app exchange?

Hello, you can now see it on the webpage we have added a live bar so you can see how much has been raised.

>> https://www.jarvis.exchange/

So at the moment, $68k has been raised during the presale. It is still way below our expectations (we expected around 250k).

Uhm not very much I'd say, but you're backed by those $1.2 million raised during the private sale, if it was only $68k, the amount raised, it would cause concerns for sure

[bitcoin-shark]

How much was raised on pre-sale? As I see pre-sale neds in 10 days, but why no counter of raised fund? And what news about demo-app exchange?

Hello, you can now see it on the webpage we have added a live bar so you can see how much has been raised.

>> https://www.jarvis.exchange/

So at the moment, $68k has been raised during the presale. It is still way below our expectations (we expected around 250k).

however, it seems to me a good result, is a considerable sum despite the expectations of the team were much higher, i am very pleased they add the live bar so i can follow in real time the progress of the investments...

[PS92]

As I see they burned 36,4 million unsold tokens from the private sale, lowering the total supply of JRT to 383M tokens.
And they going to use part of exchange revenue (after launch)  to buy JRT on the open market, and will then burn them. This looks like very good, as value of tokens will be increasing 

https://medium.com/jarvis-edge/token-burning-in-jarvis-why-and-how-we-will-use-token-burns-2f5f45bc0455

It looks very good for the holders of this token. If they really do what they plan in the future, then this is quite promising. Especially the ransom in the market and burning.

If exchange will become popular token burning every month or quarter will be giving good value for tokens. For example Eidoo burning tokens as well.

I think you have to add stuff like that. Otherwise utility tokens will suffer from the velocity problem

[Token Williams]

I believe in Japan or Korea they are already talking about wallets needing to comply with regulation

You are right, found this one:
https://thenextweb.com/hardfork/2018/11/16/japan-fsa-regulate-cryptocurrency-wallet

Hope we dont loose our anonymity one day.

Custodial wallets. As in wallets controlled by exchanges.

How the heck would they be able to force KYC on open source wallets?

Maybe via the interface website?

[Jarvis Edge]

How much was raised on pre-sale? As I see pre-sale neds in 10 days, but why no counter of raised fund? And what news about demo-app exchange?

Hello, you can now see it on the webpage we have added a live bar so you can see how much has been raised.

>> https://www.jarvis.exchange/

So at the moment, $68k has been raised during the presale. It is still way below our expectations (we expected around 250k).

Uhm not very much I'd say, but you're backed by those $1.2 million raised during the private sale, if it was only $68k, the amount raised, it would cause concerns for sure

Well, we have already spent a significant amount, the first fund raising has happenned in 2017. We are also looking for equity deal.

[Altcoinrusher]

I guess it would be great if the team could provide more pictures / articles  of the daily activities that they are doing, I mean it would be cool if they could do just like that. Imho.

[lvsca]

I guess it would be great if the team could provide more pictures / articles  of the daily activities that they are doing, I mean it would be cool if they could do just like that. Imho.

so far, i only view some picture of jarvis app and function of it. they share on fb to about articles they made, but in few days they didn't make update on there

[Frank37]

I believe in Japan or Korea they are already talking about wallets needing to comply with regulation

You are right, found this one:
https://thenextweb.com/hardfork/2018/11/16/japan-fsa-regulate-cryptocurrency-wallet

Hope we dont loose our anonymity one day.

Custodial wallets. As in wallets controlled by exchanges.

How the heck would they be able to force KYC on open source wallets?

Maybe via the interface website?

What exactly do you mean with interface website?