/biz/ - Business & Finance

>>8793845
Most money will be in jBonds. Some jAssets will be backed with JNT. All of the other jWhatevers will still use JNT in one way or another.
Honestly, you should just keep hodling. This will still be going to the moon and beyond.

>>8793895
Lol no. Most money will go into jassets. The sheikh wants to tokenize his real estate.

There are already so many stable coins so no reason for jcash/jbonds with no insane premium and volatility.

Just hold and shut the fuck up, nobody is falling for this shit anymore.

>>8793926
You might be right. But at least jBonds>jCash. Now we can hope for most jAssets to be backed by JNT.

>>8793974
they are confirmed not to be jnt backed as confirmed in tg. JNT is only needed for gas or settlement.

>>8793845
Give me some OP.

>>8794070
second from left or second from right

>>8793989
sorry i must have missed this. do you have a screenshot or something?

If jBonds are to be backed by on-chain assets only, why would you possibly use a token that has no intrinsic value for it, and then desperately try to create innate demand for that token (jGas suite) as opposed to using a digital currency that has intrinsic value to begin with (ETH) like other projects are doing?

>>8793926
So we went from jCash to jBond to jAssets? And jCash and jAssets wont be backed by JNT anymore and jBond is another smoke and mirror version?

>>8794145
I can spot you so easily. Stop saying smoke and mirrors you useless bellend.

>>8794125
it seems you also need jnt for "settlement". Not sure what it means.
But I bet that his aspect can also be descoped. Just think about it. You put your 200 mil sky scrapper on chain (tokenize) AND you need to buy 200 mil in JNT. That makes exactely 0 sense.

>>8794274
>Just think about it
why do people say this

>>8794378
So people do not just beleive what others say them. Seems obvious does it not?

>>8793845
YOu're a fucking idiot if you don't realzie that Soros is balls deep in this project as we speak.

>Soros COO on the advisors team
>Soros enters crytpo the day the medium article comes out


really jobs the old noggin

>>8794274
Seems like JNT will be important for jAssets?

>>8794459
I don't know what is bait and what isn't anymore with regards to JNT, but I hope you aren't serious. Firstly, FORMER COO of the Soros fund. Secondly, why would he time his announcement with the release of a medium article?

>>8794475
settlement prob means that you will send jnt to the jasset owner. Problem is that these jnt only exist for a very short amount of time since the jasset owner will immediately liquidit the jnt. This is just a retarded form of money transfer. Fiat to jnt to fiat. Consequently it will not represent the value of the jassets.

>>8794486
hey your choice buddy but remember this moment when the announcement becomes official. sometimes you have to read between the lines. Soros is all in on JNT the one world currency.

>>8794536
basically an automatic pump and dump every time?

>>8794676
So soros would invest in XLM not JNT. Remember the african gibs.

>>8794676
No offence but you are literally dumber than a brick if thats what you think.

>>8794758
yeah. And that when they said that muh stability is so important. It either gets descoped or I am wrong and JNT is not needed and Scamlal is lying.

>>8794676
Ah okay, good bait made me respond.

>>8793989
"JNT backed jBonds"

>>8794826
I was referring to jassets

Lol this is hilarious. None of you (or me) have no clue how all jThings work or don't.

>>8794917
the last medium post is confusing as fug
I dont think talal himself knows what hes doing at this point

>>8794917
gotta make it as complex as possible so you can keep up the scam.

>>8794917
That's my problem right now. I thought i have understood the project, but it seems like i haven't even understood the tip the iceberg...

>>8794962
>grug no understand
>must be scam
What is it like sitting hours each day on /biz/ and fudding some arab token? Get a life, you autistic fuck.

just bought 5k more. Did I mess up?

>>8795014
good scamel. Investors will pump this shitcoin so neets can be rich. Thanks talal for the gibs.

It's fairly straight forward guys...

Summary:

Initially everything was meant to have dual solvency (backed up offchain in bank/custodian and onchain in DAO)
Turns out no-one is going to pay $2+ to get $1 onchain (not including DAO-JNT buffer amounts)

So now:

jCash - off-chain FIAT backed
jBonds - on-chain JNT-DAO backed
jAssets - off-chain/on-chain Asset backed (onchain because asset can be jBTC/jETH no joke its on telegram)
No dual solvency. Also only jBonds need JNT to securitise it.

Now during the pilot the DAO didn't stay solvent so there was that whole issue.

There they are:

Adding a bigger buffer
Throwing some fees to sink more JNT in to make sure it has enough to buffer it.

That's a complete mess and a house of cards at best. One of their other options was to increase the liquidation amount, not sure if that means liquidating larger portions of the assets its supposed to back OR liquidating earlier which puts stuff at risk much earlier both seem like not so great options and it also doesn't make sense with their new single solvency model.

ie. If you have 100 jUSB owing in the wild. What do you liquidate in the DAO to buy more JNT? If the value of the JNT in DAO drops to 95USD only? Since the DAO holds only JNT for jUSB do you liquidate JNT to buy back JNT?

>fucking rich oil arabs making a token
>"ITS A SCAM THEY ARE TRYING TO STEAL OUR NEET MONEY"

>>8795178
basically they are "backing" jBonds by buying the initial sum + buffer and then they hope that the fees are enough to negate potential market downturns
essentially buying their own meme token and hoping it retains a sufficient value to "back" the underlying asset
it's absurd

Then again they have a really low market cap and great connections with a lot of money flowing in. I don't know if I should sell or not. The whole point of JNT seems dumb at this point but then again, it's still more useful than fucking ripple and still a more solid project than verge or TRX or all the other shitcoins with 100x their market cap

WHAT DO??

>>8795226
not really a scam, just a poorly thought out idea with questionable potential

>>8795310
unfortunately you are competing with lots of dumb money fooled by hype or the fact that the coin just costs 20 cents. Hard to predict based on merits.

>>8795310

>>8795310
give it time, once the wallet and related shit is out this will be easy to hype

>>8795310
The tokenizer provides the buffer for jBonds, not Jibrel. So they take on all the downside risk.

>>8795310
In the example provided the tokenizer contributes $10,000 in JNT + a $5,000 buffer to tokenize $10,000

>>8794070
mods?

>>8794145
>>8794170
yeah, you fucking retard, you need a new fudding syntagm

so are any of you guys putting down $15,000 to create a $10,000 jBond?

>>8796367
actually 16 250$ with the new system. But yeah. Utterly retarded

>>8793845
>jGas
lol

What the fuck? This is literally retarded.

>>8795178
Good sum up, at least i know that i took a huge bet on this token and it seems like i have lost it all

What is our next /biz/ token?

>>8797242
back to chainlink I guess.

>>8797285
Classic and good

>>8793845
Have a buy order on Bibox for 0.04BTC and its been there for hours. No one is selling, surprised the price doesnt move