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

[matjas]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

They fail because they only plan to go ahead if a certain amount of financial goal is reached whereas Jarvis was going to happen even if they made 0 from their ICO.

Its all about commitment. If they are starting a project just for money sake, then they will quit as soon as they see a bump in front, but they are really committed and believe their project will change how exchanges works, then they have a great future in front of them.

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[mandibleclaw]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

They fail because they only plan to go ahead if a certain amount of financial goal is reached whereas Jarvis was going to happen even if they made 0 from their ICO.

Its all about commitment. If they are starting a project just for money sake, then they will quit as soon as they see a bump in front, but they are really committed and believe their project will change how exchanges works, then they have a great future in front of them.

Many projects  just made a shiny marketing and whitepapers just to grab money during ICOs, then they sold all their ETH at the bottom because of no products after at least one year

[Noruka]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

They fail because they only plan to go ahead if a certain amount of financial goal is reached whereas Jarvis was going to happen even if they made 0 from their ICO.

Its all about commitment. If they are starting a project just for money sake, then they will quit as soon as they see a bump in front, but they are really committed and believe their project will change how exchanges works, then they have a great future in front of them.

Many projects  just made a shiny marketing and whitepapers just to grab money during ICOs, then they sold all their ETH at the bottom because of no products after at least one year

The really smart ones among those projects without a real plan were those who sold at the top and made a fortune while not giving back anything to contributors. This looks serious and solid though without a doubt.

[MandatoryOption]

can you disclose how much funds you generated including from your extension sale? and how much is enough to normalize your developmental phase as you stated many things might change because of what you achieved from the sale?

So we still need: 40k for the wallet, 60k for the exchange, and 200 to 500k for the operational part of the exchange. If we do not have enough for the exchange, we will go for plan B, and mainly rely on 3rd party at the beginning, raising additional funds later during the year, and launch the exchange.

So this means you need to raise at least a total of 300k USD at this point to launch the exchange as planned? Or can you lauch it with the 60k alone?

I know it's better to be always optimistic but I like it that you already have a plan B in case the sale doesn't go as you hope.

60k alone will be enough to finish all the code and hire a support team. But we will need to have liquidity in the exchange so it will not be enough to run it and to hire more people.

Okay, I understand.

When you take in mind how much money projects were able to raise one/two year(s) ago, it's really a shame that Jarvis is still not getting the investments it needs. I mean, the 300k USD doesn't look that much and should be achievable, I hope.

[o48o]

I mean, the 300k USD doesn't look that much and should be achievable, I hope.

Perfectly reasonable amount to collect even in the current bearish atmosphere. As an investor i am just happy that every project is not getting hunderds of millions. More space to grow now.

[bitcoin-shark]

i think the jarvis team really cares about the project and they do not do it just for an economic return, so i'm sure they will find a way to get the exchange out on the market regardless of the amount of funds raised...

[magisterr]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

Well, plan B and C, whatever happens, Jarvis will be launched. Even with delay. We are not here to take the cash and do something else after. We are here to stay, and to dedicate our life to this project, and this technology called Blockchain.

Well, but thing that makes your exchange unique is an attempt combine crypto and stock market. Do you have some agreement with non-crypto companies which shares will be trading on your exchange?

[Jarvis Edge]

Kinda lost track of the roadmap? When can we expect Jarvis to open its doors again?

Hello,

initially we were supposed to launch in q1, but due to the fund raising results we were forced to reduce our burnrate and slow down the development to align with our finances. We keep working hard on it to do not impact to much the roadmap, but many things will need to be changed. However, if the roadmap changes it does not mean to delay everything but to reverse priorities and to start launching other components first. As example we wanted to launch our decentralized exchange and dapp browser by the end of the year, we will maybe start with that and finish with the centralized exchange.

There are many decentralized exchanges but no-one of them has solid volume. Do you think you can attract enough volume to decentralized exchange?

Good question. Is Jarvis  planning to partner with market makers?

Yes, we actually are discussing at the moment with very big MM to provide Fx and Crypto liquidity to both Centralized and semi-DEX.

Do you all know how this things work with liquidity? Or you would like an article about it?

Which MMs are you partnering with?

An article is always a good thing.

Hello,

I am not allowed to give names, but some work with Kraken and Bittrex as example

[pynetx]

i think the jarvis team really cares about the project and they do not do it just for an economic return, so i'm sure they will find a way to get the exchange out on the market regardless of the amount of funds raised...

You are right, so far the communication from the team is excellent. Moreover, they are going ahead no matter how much they raise.

[MandatoryOption]

Yes, we actually are discussing at the moment with very big MM to provide Fx and Crypto liquidity to both Centralized and semi-DEX.

Do you all know how this things work with liquidity? Or you would like an article about it?

Which MMs are you partnering with?

An article is always a good thing.

Hello,

I am not allowed to give names, but some work with Kraken and Bittrex as example

Even though you can't disclose any names (yet?), it looks like they pretty well-known and respected in the scene. Otherwise Kraken and Bittrex wouldn't work with them, I guess.

And yes, an article about how this will work would be a great idea.

[Altcoinrusher]

I mean, the 300k USD doesn't look that much and should be achievable, I hope.

Perfectly reasonable amount to collect even in the current bearish atmosphere. As an investor i am just happy that every project is not getting hunderds of millions. More space to grow now.

I think gone are the days where total amount of ICO funding are correlated by a high perception of success rate thus creating a fomo and hype. Currently, investors chose to focus on projects with substance even if it didnt perform very well on ICO, but of course, the more funding generated, the better for the project itself.

[magisterr]

Liquidity! Exchanges, brokers, projects (like us) always need liquidity. As example Jarvis needs a lot of liquidity to provide Forex or for a fiat gateway. And we are ready to pay up to 10% a year for that. So Companies like Jarvis pays up to 10% a year to companies like Celsius, Celsius gives back 7% to the user, and keep the rest. Actually Celsius keeps 20% of the interests earned, giving back 80% back to customers.

How big Celsius? How much their lend turnover per month? This is juite new project, and Im not sure that a lot of people using them already ...

[wissy]

I mean, the 300k USD doesn't look that much and should be achievable, I hope.

I think gone are the days where total amount of ICO funding are correlated by a high perception of success rate thus creating a fomo and hype. Currently, investors chose to focus on projects with substance even if it didnt perform very well on ICO, but of course, the more funding generated, the better for the project itself.

They are well aware of this thats why they lowered their goal which seems quite realistic in this current state of crypto. There is a tough competition out there but Jarvis stands out in my opinion.

[Token Williams]

I mean, the 300k USD doesn't look that much and should be achievable, I hope.

Perfectly reasonable amount to collect even in the current bearish atmosphere. As an investor i am just happy that every project is not getting hunderds of millions. More space to grow now.

100% correct. Investing in a shitcoin like EOS that already starts with a valuation of several billion dollars has hardly any upside considering the risks.

[PS92]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

Well, plan B and C, whatever happens, Jarvis will be launched. Even with delay. We are not here to take the cash and do something else after. We are here to stay, and to dedicate our life to this project, and this technology called Blockchain.

Well, but thing that makes your exchange unique is an attempt combine crypto and stock market. Do you have some agreement with non-crypto companies which shares will be trading on your exchange?

Would love to know the answer to this question as well! Getting into crypto is easy, getting a foot in the door of traditional finance isn't

[fudster]

Many projects have failed and were abandoned because of a lack of a B plan, it really makes me more hopeful, but with the recent market reaction, I think it's possible that these 60k multiply by a more pleasant sum

Well, plan B and C, whatever happens, Jarvis will be launched. Even with delay. We are not here to take the cash and do something else after. We are here to stay, and to dedicate our life to this project, and this technology called Blockchain.

Well, but thing that makes your exchange unique is an attempt combine crypto and stock market. Do you have some agreement with non-crypto companies which shares will be trading on your exchange?

Would love to know the answer to this question as well! Getting into crypto is easy, getting a foot in the door of traditional finance isn't

Jarvis project has plan A, B and C ad is all about collecting coins invested to their project. They will keep doing this until they find a way for the project to convert into STO and bounties will not be distributed like how Desico did. Currently, they are doing the Bounty campaign 2.0 and there will be 3.0 too. If they really have the compassion to develop the project develop it and start with a price like 0.001USD per token.

[MandatoryOption]

Jarvis project has plan A, B and C ad is all about collecting coins invested to their project. They will keep doing this until they find a way for the project to convert into STO and bounties will not be distributed like how Desico did. Currently, they are doing the Bounty campaign 2.0 and there will be 3.0 too. If they really have the compassion to develop the project develop it and start with a price like 0.001USD per token.

It seems like your name really checks out 

What I don't really understand at your post is what all the problems with the bounty distribution of another project (Desico) should have to do with Jarvis at all? I haven't heard of Desico but from the first look it seems like even the project itself isn't even comparable to Jarvis.

[CHRISBIN702]

Market Making...... Market Makers.... These are terms that have been butchered by so many inexperienced or scammy exchange owners that the terms themselves bring a negative connotation with them now.

When you say you are working with MMs, do you mean real MMs? Because they will run you a bill of a minimum of 10 BTC per month.

Then you have scammy MM services like the one they peddle at Exrates exchange which will cost you 0.25 BTC per month.

The difference is, the 10 BTC per month service uses most of that BTC in maintaining your books and keeping spreads super small. This creates a healthy trading environment and attracts bots and traders.

The cheap scammy MM service is without a doubt just fake volume along terrible spreads on the books. In these, the buy orders will be significantly lower than the sell orders so as to not lead real traders to think they can come in a make a quick sell.

The reason I ask you this is because I don't think it is in your budget to have a real MMs employed. You couldn't even afford a highly discounted press release..... lol.
Let's hope things have changed because the last thing we need is another exchange promising the world during their ICO and then delivering just another featureless, vulnerable exchange that realized the regulatory red tape they thought they could cut right through turned out to be impossible at this point in time.

Please tell me you don't fall into that category. Achem-LAToken-achooo.

[mandibleclaw]

Market Making...... Market Makers.... These are terms that have been butchered by so many inexperienced or scammy exchange owners that the terms themselves bring a negative connotation with them now.

When you say you are working with MMs, do you mean real MMs? Because they will run you a bill of a minimum of 10 BTC per month.

Then you have scammy MM services like the one they peddle at Exrates exchange which will cost you 0.25 BTC per month.

The difference is, the 10 BTC per month service uses most of that BTC in maintaining your books and keeping spreads super small. This creates a healthy trading environment and attracts bots and traders.

The cheap scammy MM service is without a doubt just fake volume along terrible spreads on the books. In these, the buy orders will be significantly lower than the sell orders so as to not lead real traders to think they can come in a make a quick sell.

The reason I ask you this is because I don't think it is in your budget to have a real MMs employed. You couldn't even afford a highly discounted press release..... lol.
Let's hope things have changed because the last thing we need is another exchange promising the world during their ICO and then delivering just another featureless, vulnerable exchange that realized the regulatory red tape they thought they could cut right through turned out to be impossible at this point in time.

Please tell me you don't fall into that category. Achem-LAToken-achooo.

Good insight, I didn't know that market makers are expensive like this, I know that there are many scammers around.
So by reading your last sentence seems that you had a bad experience with LAToken ?

[Jarvis Edge]

Market Making...... Market Makers.... These are terms that have been butchered by so many inexperienced or scammy exchange owners that the terms themselves bring a negative connotation with them now.

When you say you are working with MMs, do you mean real MMs? Because they will run you a bill of a minimum of 10 BTC per month.

Then you have scammy MM services like the one they peddle at Exrates exchange which will cost you 0.25 BTC per month.

The difference is, the 10 BTC per month service uses most of that BTC in maintaining your books and keeping spreads super small. This creates a healthy trading environment and attracts bots and traders.

The cheap scammy MM service is without a doubt just fake volume along terrible spreads on the books. In these, the buy orders will be significantly lower than the sell orders so as to not lead real traders to think they can come in a make a quick sell.

The reason I ask you this is because I don't think it is in your budget to have a real MMs employed. You couldn't even afford a highly discounted press release..... lol.
Let's hope things have changed because the last thing we need is another exchange promising the world during their ICO and then delivering just another featureless, vulnerable exchange that realized the regulatory red tape they thought they could cut right through turned out to be impossible at this point in time.

Please tell me you don't fall into that category. Achem-LAToken-achooo.

Hello Chris,

Very good questions.

When I meant MM I meant LP, not these cheap bot faking volume

MM here are basically prime brokers. Jarvis needs to hold an account within them to get some leverage (from 5 to 100 depending on the markets) to be able to provide it to users. I do not speak about the exchange, but the broker side : user set funds into an escrow or state channel, it triggers a loan within our deposit in the LP, and they can trade leverage products, non delivrables. So you can trade Forex, CFDs, stocks, commodities and crypto by locking your assets.

In order to make this deposit you need money, and many companies are willing to loan you money.

But the real game changer would be a multi-sig wallet where the LP has one of the key (we wouldn't need to have a deposit within them then) or a state channel between the user and the LP. But LP are still not ready for that



For the exchange (delivrable) we will work with order books aggregators services which aggregates liquidity of other exchanges.


Regard the press release, we actually start releasing some We had the budget but refused to spend it for PR or marketing at the moment.


Regarding our promises, we will of course do our best to deliver the best. We did not start Jarvis to do another exchange.