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/biz/ - Business & Finance


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7617820 No.7617820 [Reply] [Original]

Previous threads

>>7495635
>>7526617

Greatest investment right now, divided in 4 replies as it is quite long.

>What is the Jibrel Network?
>The Jibrel Network provides currencies, equities, commodities and other financial assets and instruments as standard ERC-20 tokens on the Ethereum blockchain.

>What are CryDRs?
>CryptoDepository Receipts or CryDRs are tokens representing a traditional financial asset’s value, denominated in Jibrel Network Token - JNT (e.g. a USD CryDR holds 1 dollar worth of JNT).

>What can CryDRs be used for?
>Fiat CryDRs can be used for remittances, global payments, trading and hedging. CryDRs can also be used to create automated and decentralized financial instruments - such as bonds, commodities, debt instruments and securities.

>What is Smart Regulation?
>CryDRs have smart regulation built in, real-world rules and regulations translated into solidity code and deployed on the ethereum blockchain. Ensuring that while decentralized, CryDRs always follow real world rules and regulations.

>What is jCash?
>jCash is the first roll-out of currencies. USD, GBP, EUR, RUB, AED, CNY CryDRs will be made available.

>How can I purchase CryDRs?
>CryDRs can be purchased from the Jibrel DAO using Jibrel Network Token (JNT).

1/4

>> No.7617839

>>7617820

How it works:

>"It boils down to this:

>What is the incentive for me to put my cash into a CryDR and sell it on the blockchain.

>You don't. This is generally for licensed financial institutions to benefit from the high-returns of the crypto-economy without the exposure.

>When the public has full confidence in tether, and the overall market is in downswing, USDT is valued at 1.03 and higher.

>We have a buzzphrase for this, "on-chain / off-chain arbitrage".

>This means stable assets on-chain could be worth more than they are off-chain, if there is confidence in the guarantor.

>So this is what the financial entity would do... It would tokenize some of its cash, exchange it for volatile assets (selling them on-chain for BTC/ ETH), liquidate those assets (the BTC / ETH), and benefit from the arbitrage.

>In addition, the financial entity has just acquired a customer with an account (compliantly, with full KYC done to the level of the financial institute).

>Hope that helps!"

So basically, I tokenize a non-liquid asset as a CryDR (real-estate, gold, etc), and a corresponding value of JNT must be taken out of circulation to provide proof of solvency. When people use CryDRs, the value of CryDRs increases. So if I have 1 billion dollars of gold tokenized into a CryDR, and a CryDR is worth $1.03, suddenly I've made a three percent increase on $1 billion, which is $30 million dollars I can now use as liquid capital.

Essentially, it gives liquidity to non-liquidity assets while also backing up the value of the CryDRs themselves.

There is no risk as the assets still remain assets tied to the market, the crypto component is just an extra way of extracting value from them.

2/4

>> No.7617848

best minereum scam on the market

>> No.7617870

>>7617820
>>7617839

>They have Don Tapscott as an advisor, the same guy who is an advisor for ICON, which went over 30x from ICO price.

>Token circulation is 150M which makes the marketcap below $85M (total supply is 200M, the rest are locked for 5 years between advisors, team, bounties and partners tokens), very small for such a big project.

>Royal family anounced they will provide backing for the jcash pilot from their 10 billion dollar fund, let's say Al Maktoum provides 5 bn dollars for the jcash pilot and they tokenize this amount, marketcap would jump by 5BN instantly.

>Binance CEO was at their conference, check out their conference here https://www.youtube.com/watch?v=jvfx1XCbuPo [Embed] [Embed] i advise you to watch it from start to finnish so that you learn EVERYTHING.


Website https://jibrel.network/

Whitepaper https://jibrel.network/#whitepaper

Roadmap https://jibrel.network/#roadmap

FAQ https://jibrel.network/#faq

Best exchange currently on https://www.bibox.com/exchange?coinPair=JNT_ETH (You can see the price reached 2 sats at some point in the graph, it is a bibox bug, you can reach them on telegram to confirm, order books froze during a 2 minute time frame, the site bugged. It is not that the price acually went that low), you can register even as an US citizen and no verification is required for up to 2 BTC withdrawals daily, like binance.

It is only 2.5x over ICO price, they are anouncing new partnerships in 2 weeks, also once it is listed on an exchange like Binance or kucoin in late february, you won't have time to buy it low ever again.

They are also doing their jcash pilot in a few weeks, when they do that, if they were to tokenize only $2bil dollars that would make JNT go over 10x in price. Remember, the price of JNT markets cap is total of tokenized assets (main) + speculative value people give it (less important) = total marketcap

3/4

>> No.7617878

>>7617820
Are we shilling or fudding? I lost my phone so I couldn't look at the discord update just ell me here and I"ll delet this post

>> No.7617900

Durkacoin very good sirs gains of the Bedouin 100 camels EOM (end of moon)

>> No.7617906
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7617906

>>7617820
>>7617839
>>7617870

See the pic below. the jibrel network conference, don tapscott, the ceo of binance, the ceo of neo who were all in attendance at the convention in the pic.Oh and allow them to be sued by one of the richest families in the world, maybe the richest?Videos from that convention below too.

don tapscott, the don of finance and crypto

https://www.youtube.com/watch?v=jvfx1XCbuPo

binance ceo, cz, also on the front cover of this months forbes

https://www.youtube.com/watch?v=l8XNRTfPgZI
Da Hongfei ceo of neo

https://www.youtube.com/watch?v=lsM9-ATySfI


forbes article on jibrel

https://www.forbes.com/sites/jessedamiani/2018/01/22/jibrel-network-is-bridging-the-gap-between-crypto-and-traditional-markets/#77f72e9f67d3

4/4

>> No.7617920

Stop shilling it. You make it looks like a shitcoin.

>> No.7617924

>>7617900
>>7617878
>>7617848
You have ruined it once again pajeets

>> No.7617934
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7617934

>>7617820
>>7617848
>>7617878
>>7617900

Also:

Theres a fud campaign from the telegram, from people who only have 80 dollars in and have to wait for next month to put another 80 dollars, they are trying to fud the hell out of it so everyone stays out and they can buy more at a lower price. The price will sky rocket no matter what by the mid/end February with their anouncements/new partnerships

>See pic related

>> No.7617972
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7617972

>>7617820
>>7617848
>>7617878
>>7617900

>See this pic as well

>> No.7618051

>>7617972
Mr. Bùlo.
>What partnership?

Lmao

>> No.7618095
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7618095

I am sorry but this is not going to take off, the same reason why SALT is not taking off. Jibrel is not scamming you but the devs and team are definitely taking you for a ride. Just put Jibrel through a basic thought experiment:

- Seller with 5$ million in physical assets.
- Buyer with 5$ million in fiat value

How do you expect the buyer to get exactly 5$ mil in jCash or Jibrel? I would move the market up 20% with less than 500k already, let alone 5$ million. The only current way Jibrel can solve this is by giving buyers the option to buy JNT in fiat directly at a fixed platform price. Or let buyers deposit funds in fiat instead of JNT to jCash conversion.

Secondly, the underlying digital/physical asset needs to be stored with Jibrel. Do you really believe entities over the world will be entrusting a young startup with 5$ million in assets, do you really think Jibrel even has the capacity to securely store such assets right now? No. Jibrel is a great idea, but the execution is shitty. All this token will be good for will be burning of fee, which will be a fairly negligible amount.

Go with MakerDAO which already works and offers a service right now.
And also watch for similar services like Jibrel which do not suck as hard.

>> No.7618199

>>7618095
the same way as tether didn't take off? sure pajeet

>> No.7618331

Hahhha

>> No.7618426

>>7617820
bumping this badboy

>> No.7618437

>>7618095
Why would they otherwise have Tapscott as an advisor? Tbh this is a really good fud, but to me it looks like they have enough connections to make Jibrel work, connections will provide the money. Either way, am a bit uncertain though.

>> No.7618463

>>7618199


> Implying that Tether also offers on-boarding of physical assets.

If you want a Tether then MakerDAO gives you DAI.
If you want fiat currency pairs Bitshares gives you Bit*
If you want to hold Gold then Digix gives you DGX
If you want to invest in gold then Xaurum gives you XAUR
If you want a very ambitious idea and a terrible execution Jibrel gives you JNT.

>> No.7618496

>>7618463
>>7618095

have to admit the fud is very good sir, cheers

stay poor though sir

>> No.7618527

>>7618496
Could you explain how jibrel is not going to let this happen?

>> No.7618739
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7618739

>>7618496

Please tell me how either party is not going to get screwed by order book slippage if they are required to purchase JNT through exchanges? That is not gonna work, big buyers would have to be able to require JNT or jCash directly from Jibrel and not a very volatile market. They also aren't going to ask someone unfamilair with crypto to wire 5$ mil to some shitty weird exchange and handle the JNT purchase themselves, topkek. How do you all imagine this?

>> No.7618790

>>7618739
you forget that the DAO needs to have JNT to back up the physical asset. Maybe you're right, they won't be buying on exchanges, but the DAO will need to hold as much JNT as the worth of the assets being on-chain. And the DAO will buy it from the open market.

> checkmate

>> No.7618865

>>7618790
Buy it with what tho? How much reserve funds does the DAO hold ?

>> No.7618896

>>7618865

who gives a fuck, they need as much JNT as the value of their assets. they will have to shit the money

>> No.7618918

>>7618739
Ok I read into this and am going to speculate. This is the reason the CEO of Binance attended their conference. Jibrel DAO will hold $5 million on the exchange to buy enough JNT (Binance the highest vol exchange) and get the market cap to be equal to them holding $5 million. About $4 million will be held (since you don’t need to buy $5 mil worth to get the market cap up) by the DAO, when people start dumping the DAO will create buy walls with the remaining $4 mil to keep the JNT holdings equal to $5 million. The DAO holding equal amount will mint jUSD according to how much JNT the DAO holds.

>> No.7618920

>>7618896
Nice, let me just turn on my BTC or ETH printing press and buy up all these JNT

>> No.7618931

>>7618095

This is exactly what the Al Maktoum partnership is for. Talal Tabbaa managed 4 billion dollars for Saudi families beforehand, their connections to big MENA money is proven. Of course big instiutions won't trust them with their money right at this time, but they have thje connections to make a start and ramp it up from there.

The key to this issue are a) liquidity and b) the fact that there is a time delay. This is exactly why tokenization is beginning early and jCash is only available to institutions at first. SEED Group tokenizes something, some money from the ICO is used as liquidity as well and there is your foundation. There is a lot of time until the DAO goes online and until then there will not be an automated backing that will cause buys/sells.

>Or let buyers deposit funds in fiat instead of JNT to jCash conversion

This is exactly how it works for now though. Do you think Al Maktoum will tokenize their moneys by buying JNT on gate.io? Of course not. And even in the future, they have addressed this issue by establishing a fiat pairing on Palmex. Sure, Palmex is nothing right now, but they have a fiat pairing, which means there is precedence. If the pilot goes well, why shouldn't there be fiat pairs elsewhere?

A lot will happen until Q4. JNT will be on higher liquidity exchanges (Binance and Bitfinex) and a base market cap will have been built. Don't assume the entire finished product will be dropped on bibox with zero liquidity in the Jibrel bank.

Forget the notion that they will market buy on fucking Bibox or gate right now, this is not gonna happen. This is probably what the noobs think.

>> No.7619036

>>7618918
>>7618931

some very smart people in the JNT circle, this is how we know this shit is real

good work m8s

>> No.7619081

>>7617820
axp is better

>> No.7619172

>>7619081
how much lower can the axp price go? holy fuck.

>> No.7619215

>>7618918

Please show me on their whitepaper the function of the DAO which purchases tokens off the open market through API. Or show me any other DAO which is capable of doing such. You want to see a DAO in action which already works look at MakerDAO. It even comes with scripts to actually trade/arbitrage and help the DAO through trading on decentralized exchanges. In comparison Jibrel has currently achieved close to nothing.

I have nothing against Jibrel specifically, despite their shitty execution they be able to pull off their vision. But working competition already exists and much better ways to on-board a physical assets are possible and....probably currently being worked on.

>> No.7619217

>>7618931
Good answer, glad I did not have to write it.

>> No.7619229

>>7618918
Want to add to this. The crypto market cap is 1/50 (look up how much money has actually entered the crypto space, it’s about $10-15 billion), so in case the DAO has to buy $100k worth of JNT to push up the market cap. Most probably a bot will be gradually buying $100k worth of JNT on the most liquid exchange pushing the market cap up. The extra $4.9 mil will be used for supporting prices.

>> No.7619243

>>7619081
>>7619172

can we keep shitcoin discussions in another thread? this is jnt mustardrace

>> No.7619326

>>7619215
>I have nothing against Jibrel specifically, despite their shitty execution they be able to pull off their vision.

???

>> No.7619363

>>7619326

I am trying to fud, let me.

>> No.7619391

>>7619363
You did good so far, but fucked up right here.

>> No.7619405

>>7619215
jesus christ, this is the fucking makerdao guy again. can you finally fuck off and die? makerdao is shit, noone is using fucking dai, kys

>> No.7619412

>>7619215
It’s pretty obvious they have not developed the DAO system yet, hence why they needed to do a crowdsale. I am not an expert, but the DAO is a pretty simple bot, they have about 6 months to get it up and running. Hence why Jibrel is a startup, if they succeed then well shit we’ll be rich as fuck, they they don’t then too bad. I am personally betting on Jibrel succeeding with my own money. Same things can be said about OmiseGO, ambitious project with a massive market cap with nothing to show for it. Making partnerships and getting real world backing is the most important part for Jibrel right now. Talal and the other guy are not working on the code, they are the face of Jibrel. We have no clue what will come of this, but with each partnership the fact that they can pull this off is solidified. Again, Tapscott would not be on board and sure as hell the Soros investment guy would not be on board. The guy left Soros because of crypto and he probably doesn’t want anything to do with a project that will fail. Those reasons are the main reasons I’ve invested. Soros and Tapscott probably have all the details on how everything will be executed and if they believe that it will work then fuck I should too.

>> No.7619547
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7619547

>>7619412

>> No.7619581

This is a erc 20 right?

>> No.7619628

>>7619581
for now yes

>> No.7619849

>>7619405

No I am the "decentralize all things" guy. Bitshares already can do what MakerDAO does, ETHLend is similar to MakerDAO and SALT is a shitty centralized system. There will be more, because there is much money to be made.

>>7619412

> they have about 6 months to get it up and running.

Good luck to them. In 6 months Jibrel will have more competitors than they can count. I see holes in their system, so why should I invest in JNT if I its easy to see that there will be other starts to do it much better. Also six months no real use case liquidity? That's going to be bitch to shil....

>> No.7619879

>>7619849

just don't invest and fuck off plz

>> No.7619959

>>7619879

I am just here to fud. DYOR

>> No.7619998

>>7619849
Ok you are pretty dumb. This is the reason why they are currently securing partnerships with Korean banks and Dubai rulers. It’s not a stable coin for the public like DAO. It’s main group of users are INSTITUTIONAL. If they won’t make it you’ll be glad you didn’t lose any money and I’ll be sad. If they do then vice versa, let’s just see what happens ok?

>> No.7620133

>>7619998
There is no source for the Korean banks claim outside what some random fag on reddit says

>> No.7620169

>>7619998

What I am telling you is that what Jibrel can do can be done many times better. Start to understand what type of opportunity these type of smart contract systems bring and do not invest in a centralized hot mess that Jibrel is. They are capitlalizing on a new and starting trend without the right tools.

But sure, lets see what happens.

>> No.7620193

>>7619849
you have absolutely no idea what you are talking about if you are being serious.
makerdao, bitshares, ethlend and salt have almost NOTHING in common with what jibrel is trying to accomplish

>> No.7620246

So tl;dr how many JNT do I need to become filthy rich in the next 2-3 years?

>> No.7620293

>>7620169
oh yes? please tell me which coin will provide assets backed by fiat off chain and PoS on chain, that are also fully compliant with regulations and their main target are institutions and banks?

please stop spewing bullshit, because you clearly do not understand anything

>> No.7620295

>>7620193

Except for the on-boarding of physical assets and perhaps remittance they have much in common. Because without them all there is left is a platform (DAO or not) for collaterilized stablecoins or a fiat collateral pegged loan.

>> No.7620384

>>7620295
On-boarding physical assets is their main fucking selling point hahaha. I love the fud and didn’t even notice you were fudding on purpose. Thanks for this, I actually cleared up some things I had not thought about previously.

>> No.7620385

>>7620295
they have much more differences than commonalities. just because they remind you of other projects in some aspects, its not the fucking same AT ALL. really, please go away and think for a while before speading further well articulated bullshit

>> No.7620476

>>7620246
I hope 26k will be enough

>> No.7620595

>>7620476
Are there any serious estimations price weise yet?

>> No.7620639

>>7620595
2 years minimum $100 maximum $500. THESE ARE MY ESTIMATES DONE WITH MY CALCULATIONS, DON'T EXPECT THESE PRICES EVER!

>> No.7620671

this thread was a lot better and more productive than some of the other shit ass jnt threads popping up lately, good job

>>7620246
50k

>> No.7620707

>>7620385

How is it bullshit? Seriously, take away physical on-boarding and all you have left is a stablecoin system. Also no DAO will not be capable of purchasing JNT from an exchange while remaining a DAO. What if the API has to change? Do you have to fork the DAO, change the code? Congratulations, you just stopped being a Decentralized AUTONOMOUS organization, you could have just used a stupid centralized bot to balance your system.

>> No.7620791

Guys,

I have lots of insider info on Jibrel.
Jibrel will be the gateway to crypto for the world's largest financial institutions and private funds.

Stop worrying and start buying.

>> No.7620818

>>7620791
What?! For sure?!

Thanks just bought 100k

>> No.7620891

>>7620818
You obviously missed the previous thread

>> No.7620893
File: 8 KB, 400x200, 614_ico-link-list-sharder-protocol_thm.jpg [View same] [iqdb] [saucenao] [google]
7620893

>>7617820

JNT this is not best buy, check this one instead:

Sharder Protocol

> https://sharder.org/share.ss?inviterId=sharders001646

- 250 mil circulating supply
- 500 mil total supply
- 20+ Solid Team of Chink Devs
- 3.5 cents per coin
- 10k eth hardcap
- Already established partnerships
- Still under the radar - only 2k telegram chat
- ICO 23 February

>> No.7620896

>>7620791
You are this guy again. So any real spoilers this time? I was the guy who figured out the KHC and KIC connection.

>> No.7620929

>>7620791
O really? I'm sure you telling truth, so I just bought a million more.

>> No.7620943
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7620943

>>7620671
>50k

>> No.7620949

>>7620891
Nah, don't get me wrong, I would love to believe what you say as I am invested myself. However, I hesitate to accept unsubstantiated claims by random people on a mongolian horse trading forum.

>> No.7620984

>>7620707
yes, also take away regulation compliance, take away the equities, bonds, gold, 10 types of fiat, take away being able to exchange the tokens for the real currency in atm-s in the future, take away the banking grade jWallet that is under development, and maybe then you are left with a "stablecoin system" (which was never the plan of the jibrel team to make anyway)

about the dao.... i am one hundred percent sure that they will find a working solution. judging from how well articulated you are you probably have a humanities degree, but let me tell you as someone who works as an engineer, there is ALWAYS a solution. inb4 "i would not invest money on blind faith" well then you might just leave cryptos altogether

and about the jibrel team being weak for the task. thats just a plain joke mate. you cannot show me a team that has stronger advisors and stronger connections than this team currently

>> No.7621032

i have also insider information
jibrel will launder money for arabian terrorist groups and you dumb fuckers (especially burgers) will all be in jail for forming a criminal org to support terrorism
new york jews will fuck you hard
how do i know?
i have a big noose too

>> No.7621054

this thing is so good and so a nobrainer,
it only needs 20+ shillthreads on /biz per day
ur all buying link with criminal implications

>> No.7621065

>>7620896
I didn't give you real spoilers last time?

If you don't believe me wait for the announcement on Thursday. Yes, THURSDAY.

>> No.7621078

>>7620707
Yeah, take away the distinctive feature that characterises the whole business plan and you have something that's no different to other things. Obviously, you also don't have JNT either if you take away the tokenisation of off-chain assets because that is the whole and entire fucking point of the thing!

>> No.7621104

>>7621065
Okay, well let's see what goes down on Thursday. Can you give some vague info about your connection to the Jibrel team? Do you work in Dubai?

>> No.7621131

>>7620984

>humanities degree,

I am humbled, I only have a welding degree.

> there is ALWAYS a solution

Of course there is, should you always settle for the first solution? No.
Especially not if there are bigger players out there coming with better execution.

> inb4 "i would not invest money on blind faith"

It's your money, I care. I just believe that I understand this scene better than any of you and shilling this is a waste of combined efforts. Wait for the Jibrel competitors to come out and don't limit yourself to this crap.

> you cannot show me a team that has stronger advisors and stronger connections than this team currently

You cannot show me a community base that isn't claiming the same about their projects team.

>> No.7621135

>>7617820
Thanks, just bought 100k.
Oh wait you posted 4 spam posts and every day the same spam. I bought 400k.
Tommorrow again this stupid JNT spam?? What a scam coin.

>> No.7621165

>>7621104
I work at VC firm in Dubai, I'm involved with the crypto scene over there, and I have more than a couple of friends who work at SEED.

>> No.7621171

>>7621131
can

you

like

go

back

to

fucking

reddit

where

people

might

like

the

way

you

write

your

nonsensical

fud

campaign

?

>> No.7621200

>>7621135
This has actually been the best way to make people ignore Jibrel. Even the Plebbitors don't take it seriously, because they don't understand the tokenomics with their 30 second attention span. I am honestly really glad people are spamming and fudding JNT. The more off putting it is, the more people will fomo in the end. Also the fact that announcements and such won't be priced in.

>> No.7621225

>>7621165
Cool, I honestly really fucking hope you are not talking out of your ass. Any way we could talk and discuss this in private? Maybe a throwaway email where I can send you my telegram handle?

>> No.7621261

>>7621225
No private conversations

>> No.7621272
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7621272

why does /biz/ love to fund terrorism?

>> No.7621300

>>7621171

No, my fudding shift just began.

>> No.7621312

>>7621131
>It's your money, I care. I just believe that I understand this scene better than any of you and shilling this is a waste of combined efforts. Wait for the Jibrel competitors to come out and don't limit yourself to this crap.

thats funny, you think there will be another coin with the aim of targeting institutional investors, want to comply with regulations, who are currently working together with banks institutions and the ruling family of dubai. you DO NOT realize how much of a monumental task it is to pull this shit off, i give a 50-50 chance that they will fail because this will be fucking HARD, if you think there will be many competitors WHO WILL ALSO DO IT BETTER LMOA WTF ARE YOU ON

>You cannot show me a community base that isn't claiming the same about their projects team.

i see, so you did not even do your research. i should have suspected it from you comparing jnt to makerdao salt and bts

>> No.7621321

>>7621261
Ok, well we'll see about everything then. I was going to hold anyway, but if things start to even remotely turn out like you say, then I will go all in.

>> No.7621385

>>7621321
Sure.

Did I mention the UAE wide roll-out?

>> No.7621394

why are u trying to shill Jibrel anon. These 4chaners don't deserve sh*t! I was here shilling ICON ICX ICO and got told to f*off because it was a scam and over the following months as ICON was doing KYC, people flood 4chan saying its a scam. Joke was on them when my 30 ETH turned into 970ETH. A lot of noobs on here don't do research and buy whatever sounds good, like TRON.

>> No.7621398

>>7621131
>Especially not if there are bigger players out there coming with better execution.

also ???????????????????????????????????????????????????????

are you saying their EXECUTION is shitty? what the fuck are you basing that claim on? you are not even invested, what the hell do you know about their execution?

>> No.7621408

>>7621385
No you didn't. What's all that about?

>> No.7621442
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7621442

>>7621408
Hint

>> No.7621452

>>7621394
i agree with you, this forced shilling is 100% stupid, and i would also much prefer if there wasnt 3 daily jibrel threads.

all of those who had money to invest and wanted to invest already did, there is no point in continuing to open these fucking threads every goddamn day

>> No.7621465

Why would the price of this ever go up?

>> No.7621466

>>7617820
EOY predictions?
You seem full of shit.

>> No.7621485

>>7620943
nice, I was just memeing but that's probably enough for lambo land even if this doesn't turn out to be as good as people think

>> No.7621536

>>7620891

Hey man, I also have some good info. Can I find you on telegram? I'm a top 50 holder and have pretty close ties to people around the project. Would be nice to have a chat.

>> No.7621551

>>7621465
you're right, it can't go above 1 usd, by design
>>7621466
>asks for random baseless guessing
>you seem full of shit
kek

>> No.7621569

>>7621536
No.
I have all the info I need.

>> No.7621571

>>7621442
Holy shit okay. Any clue how much revenue those things process? Also any dates (a specific month will do)?

>> No.7621580

>>7621312
> if you think there will be many competitors WHO WILL ALSO DO IT BETTER LMOA WTF ARE YOU ON

MakerDAO currently holds 64k ETH of user collateral, Jibrel....zero. Maker has its collateral platform for what, 2.5 months? You're telling me they won't be bigger than Jibrel or there won't be any competitors in 6 months from now? lol.

> i see, so you did not even do your research. i should have suspected it from you comparing jnt to makerdao salt and bts

Focusing on the hard issues here. I don't care about the platforms, it is all about decentralized credit systems. If it is done right we all can get rich, if its Jibrel, you really have no idea what you're buying here.

>> No.7621583

>>7621452
3 daily jnt threads are indeed too much among the 3000 link threads. Biz is dead

>> No.7621591

>>7621551
Ah yes, random baseless guessing. Lol.
You’re an idiot.
Why would anyone want this then if you can’t even give a range?
Dumbass.

>> No.7621594

>>7621200

Did you see the dude on reddit who tried to explain it to them and got downvoted to hell multiple times? lmfao

>> No.7621614

>>7621571
No dates.
Don't know about revenue.
This is just a hint. Not actual product.

However, if you happen to stop by DXB in August you might see something interesting

>> No.7621634

>>7621408
>>7621442


This one is obvious, they teased it already.

https://twitter.com/JibrelNetwork/status/951501663143124992

>> No.7621639

>>7621614
Yea you know, in case you just feel like going to the fucking Dubai airport lol.

>> No.7621662

>>7621452
it's a combination of people desperately FUDing so they can keep the price down and accumulate more and people shilling to piss off the first group

>> No.7621671

>>7621200
Dude if you do not see the ad-spam with this coin, nobody can help you.
Good coins raise without this spam, based on a community support from a lot of different people. This guy here is spaming it every day. Stay out of this coin for now to see where it belongs.

>> No.7621684

>>7621580

Hurrdurr my project which has been running for ages holds more collateral than the new project that isn't even running yet.

Weak FUD. Also, nice job ignoring me blowing you the fuck out before.

>> No.7621692

>>7621594
Yeah I did lol. It's partly because of the shilling the fact that "investors" have the attention span of a gold fish.
>>7621614
Okay, thanks bro! I might just go to Dubai for this if I get enough money first lol.

>> No.7621719

>>7621385
i'm making this a very long term hold but at this point only have about 2500 JNT. is it worth it to try and pick up 10K or would 2.5K be enough in a few years?

also any thoughts on where this could be in a couple weeks? i hope it doesn't go crazy and skyrocket to 10 bucks or anything.

>> No.7621748

>>7621580
damn, way to be ignorant

>> No.7621770

>>7621671
So I should not invest because some fag in the community is spamming a crappy "business" board. Well shit, if you base your investments of these parameters then you must be a crypto billionaire.

>> No.7621784

>>7621591
literally every single "uuuugh duurrr EOM??? xd" is retarded, and none of them has or had any basis
none of them turned out to be true, or even close to reality
only the dumbest mouthbreather motherfuckers ask for EOM???? EOY???????

>> No.7621792

>>7621591
ur either a teenager or a completely retarded manchild
u want a serious guess in the most volatile vaporwaremarket in the human history?
u idiot can't be serious, better go and watch some youtube shills
0,10 - 3 $. there, happy?
gtfo

>> No.7621793
File: 459 KB, 2224x1742, 1A68A535-BBB7-4CEB-B249-8184EEF565F4.jpg [View same] [iqdb] [saucenao] [google]
7621793

>>7621442
Hint number 2
Linked to hint number 1

>> No.7621814

>>7621684

I am not even invested in MKR, the economics behind their governance coin is also quite wonky. But their system is great and decentralized. While Jibrel is centralized, has no platform and their DAO six months out. Invest your time, efforts in shilling in something better than Jibrel please. This is embarrassing actually.

>> No.7621836

>>7621719
skyrockets to 10 bucks in the bearmarket
1500 bucks enough to be a millionaire in a few years?
are you joking or are you really this stupid?
"no man, this is no bubble, this is smart money early adopters"
telegram channel full of underage wankers with frogpictures
serious business
u make me all sad

>> No.7621837

>>7621394
Not all of us. I did see the ICX ICO threads on 4chan and did my own research. I only put in 20 ETH. My brother also went into ICX but he didn't do his KYC and got a refund,LOOL. I turned $4k into $480k. My brother has been extremely salty ever since. Anyway, back on topic. I did some DD on Jibrel before and bought during ICO as well. I am getting the same vibes I did when I put $ into ICX. Good advisers, co-founder works for Arabian royal families. Just waiting for those Arab funds to hit Jibrel and we 10x. Could literally happen next week or 1-3months from now, so the game is to be patience.

>> No.7621838

>>7621814
the only embarassing thing here is you moving the goalpost all the time, and ignoring key arguments against your stupid retarded claims and statements

>> No.7621855

>>7621671
A couple pajeets spamming this on 4chan makes it a bad coin? You cant stop pajeets from posting on an anonymous message board.

>> No.7621861

>>7621814
getting weaker and less convincing every post, sorry

>> No.7621867

>>7621793
Can you give us a sense of scale for the announcement on Thursday? How big is it.

>> No.7621883

>>7621814
How did these pajeets Don Taspcott to get on board? Do they have dirt on him?

>> No.7621890

>>7621792
So you have nothing of value. Got it.
Why should I buy some sandnigger’s coin again?
Faggot.

>> No.7621909

>>7621867
On a scale of 1-10

9.2

I gave u a massive nugget on this thread.

You're too busy arguing with each other baka

>> No.7621920

>>7621867
>https://twitter.com/JibrelNetwork/status/951501663143124992
nothing big from what I know from yazan, I'm not sure if I'm allowed to post it I'll have to ask carlos

>> No.7621927

>>7621909
Lmao. 9.2.
Your little announcement won’t even move the price.
You dumbfuck.

>> No.7621929

>>7621836
who's bitch is this? get this faggot out of an otherwise decent jib bro thread

>> No.7621934

>>7621890
you shouldn't, please don't

>> No.7621938

>>7621909
Thanks for your service man! I really hope this will make me something. Really wish I could contact you.

>> No.7621941

>>7621909
You aint shit nigga, you don’t know shit about this project. Insider my ass

>> No.7621948

>>7621890
so you would pour your money on a internetfunnytoken when somebody on a anonymous mongolian dogwanker forum promised you it will be worth 5x times or what?
your either a teenager or a really stupid nigger
i assume both

>> No.7621955

>>7621692

I felt bad for the sucker. Had great points and got downvoted, while shit like HORSE or CRED has 5+ upvotes if it just gets mentioned.

>> No.7621966

>>7621770
Wrong logic.
What I say is, you should not invest only based on spammings. The risk of a spam hyped coin is higher then with a not spammed coin.

>> No.7621975

>>7621941
Wait and see
I'll be back on thursday laughing at you all

>> No.7621982

>>7621948
Promises don’t mean anything. I’m just curious to see if these faggots have the balls to make a prediction.

>> No.7621994

>>7620133
Talal mentioned it on Telegram. And during the Tapscoyt speech at the conference he mentioned how Jibrel has strong ties to Korea.

>> No.7622016

>>7621934
agreed.
50 cents is too much to pay for this garbage.

>> No.7622017

>>7621909
Thanks for the info. Hope it's true

>> No.7622030

>>7621994
They're partnering with KIC

>> No.7622047

>>7621975
I really hope you are actually an insider and not another assblaster. You gave a solid date and scale. It's easy to verify in a few days.

>> No.7622089

>>7622047
Yup

Also, do you guys know how many Indian expats live in dubai :)?

>> No.7622095

>>7622030

This is either next level FUD to dump the price on Thursday or I'll be a millionaire on Thursday.

>> No.7622099

>>7621955
I know lol, they only upvote the coins and buy the coins everyone else is buying. This is how these poor fucks stay poor.

>> No.7622139

>>7621927
>>7621890
>>7621982
>>7622016
you have to be over 15 to post on here little buddy.

>> No.7622174

Don't forget

>fake conferences
>plagarized white paper
>value tied to rupee instead of USD
>Designed to never go over a dollar
>literal Indian tether
>(((soros))) funded
>alt-left state terrorism sponsor
>banning people from telegram for asking why it’s impossible to go over a dollar

>> No.7622192

>>7622139
It’s cute that you resort to “hurrrr underage.”
Sounds like your sex life also.
Fucking paedophile.

>> No.7622198
File: 14 KB, 600x600, 1507978685151.jpg [View same] [iqdb] [saucenao] [google]
7622198

so how many Jibrel equal 1 Sheep?

>> No.7622230

>>7622174
Go do this shit fud on Reddit. No one here is stupid enough to believe this shit. Seriously kys

>> No.7622243

>>7622089
No one's gonna ask :)

>> No.7622281

>>7622243
It is known that a lot of Indians go work at Dubai because money is better

>> No.7622290

>>7622243
okay, how many Indian expats live in Dubai?

>> No.7622313

>>7622192
You just confirmed that you are indeed 14 years old.

>> No.7622327

>>7622243
Apparently 27% of UAE population according to Wikipedia

>> No.7622332

>>7622290
Jcash powered fee-less instant remittances

>> No.7622507

>>7622332
So we can expect at least a few billion to flow in from the expats?

>> No.7622566

>>7617820
On a less relevant note, how much do you guys consider enough to actually "make it". How much does one need to live comfortably for the rest of his life? 4 million? 6 million perhaps?

>> No.7622568
File: 54 KB, 399x385, F8A76DC9-3E2A-4E7A-8575-1404F17FA7A7.jpg [View same] [iqdb] [saucenao] [google]
7622568

>>7622507
Nah bro
Been Bullshitting

>> No.7622581

>>7617820
>what is Jibrel Network

a pajeet pump and dump. then end.

>> No.7622584

>>7622507
Big if true

>> No.7622608

>>7618896
what if the entire jnt supply in one day becomes worth less than the physical assets it's supposed to back because they speculation factor dies out?
This proof of solvency trick is nice but it only works until it doesn't. The fuder has good points.
How is some whale gonna acquire a shitload of jnt to buy some jcash?
and even if you'll be able to buy jcash straight for btc the DAO will need to buy jnt, how does that exactly happen? do they have a bot that buys a little bit on every exchange? does it market buy? puts buy orders?

I don't know how this is supposed to be safe/sustainable, without just holding cold hard cash in their bank to back all those assets. How can you back billions of dollars with a purely speculative token?

>> No.7622613

>>7622568
Fuck you you fucking larping cunt. Go suck your own dick faggot

>> No.7622627

>>7622568
Haha alright, I am not even mad. It was a great larp.

>> No.7622629

>>7622313
Kill your self.

>> No.7622640

i think people here are under estimating the Maktoum and Saudi royal family partnership and ties. DO YOU HAVE A F*K*N CLUE who these people are? MONEY is no object to them, There's gonna be a massive JNT pump, I don't doubt that. I do believe this is one of the reasons why the Don decided to jump on board. Tokenizing their assets also makes it harder to be overthrown, a common theme among these royal princes and families, this is a BIG reason why big $$ is heading JNT's way. Here's a few articles to clue you in on their lifestyle.

http://www.telegraph.co.uk/news/2017/03/01/1500-people-two-mercedes-benz-459tonnes-luggage-golden-escalator/
http://www.telegraph.co.uk/news/2017/10/06/saudi-king-salmans-golden-escalator-breaks-visit-russia/
http://www.dailymail.co.uk/news/article-3733014/Supercar-offs-world-s-finest-cars-clog-London-s-streets-super-rich-owners-arrive-summer.html

>> No.7622648

>>7622568
nice just sold 50k

>> No.7622669

>>7622640
Well... Ur definitely retarded

>> No.7622712

>>7622629
keep saving that allowance someday you'll be able to buy some bigboy cryptos.

>> No.7622791

>>7622608
ask it on telegram, and post the responses. they will be glad to answer I'm sure

>> No.7622837

>>7622791
yeah go on the telegram
full of stupid underage wankers who post fucking frogs the whole day
looks like serious business

>> No.7622851
File: 20 KB, 489x307, 04F1D65C2.jpg [View same] [iqdb] [saucenao] [google]
7622851

>>7622669
>>7622568
totally got us. you even made a thread for your Jibrel leaks. How embarrassing.

>> No.7622874

>>7621165
You are telling me to buy more JNT? Already holding 350k. When is enough , enough?

>> No.7622898

>>7622608
by the way, they will hold the hard cash in the bank account, you are right about that. bank gets jCash, they give USD, and they hold that in their bank account.

also the jibrel fund themselves will hold the needed JNT until the DAO functions. their market buying techniques I do not think they want to disclose.

if it will be a bot i am pretty sure they will not disclose the strategy of the bot either, so asking "how" is a question noone here will be able to answer for you most likely.

>> No.7622919

>>7622669
that is a nice argument you have there buddy, top notch! totally convinced me

>> No.7622953

>>7622851
U pissed?

>> No.7622954

Let's pump this coin, my whale bros are interested to see pink wojacks in your telegram.
Love you

>> No.7622958

>>7622837
I do not think it's the jibrel team's fault 5 or 10 autists from biz decided to swarm their chat. Hopefully they will ban them?

Still, if you make your investment decision based on things like this, I'm sorry to say but....

>> No.7622978

>>7622919
If you are not trolling, I hope you realize that Dubai is not a part of Saudi Arabia?

>> No.7623023

>>7618095
Buyer buys Jibrel and exchanges them for JUSD through a jibrel DAO.
The underlying asset is locked in via JUSD. The person tokenizing the asset gets a profit from the transactional cost via smart contract at the end of the contract.

>> No.7623024

>>7622978
Maktoum AND Saudi
I have not heard about the Saudi connection, but maybe he means there is both
Maybe you are not able to interpret texts that well?

>> No.7623067

>>7623024
sorry meant to reply to
>>7622640

>> No.7623071

>>7617848
>>7617900
>>7619363
>>7619959
>>7621032

https://vocaroo.com/i/s10L7k4fXEGu

>> No.7623081

>>7622953
No, i bought weeks ago, your LARP was pointless.

>> No.7623110

Stop fucking shilling this. Seriously.

>> No.7623113

>>7622568
Well kekked

>> No.7623159

>>7622568
i don't get it... is this how you reveal the entire thing was a larp? been bullshitting? why is it so anticlimactic and gay

>> No.7623184

>>7618527

the dao itself buys the jnt to collateralize the on chain assets. brainlet

>> No.7623185

>>7622640

"As many as 500 people have been rounded up in the ongoing sweep.[5] Saudi Arabian banks have frozen more than 2,000 domestic accounts as part of the crackdown.[6] According to the Wall Street Journal, the Saudi government is targeting cash and assets worth up to $800 billion.[7] The Saudi authorities claimed that amount is composed of assets worth around $300 billion to $400 billion that they can prove was linked to corruption."
https://en.wikipedia.org/wiki/2017_Saudi_Arabian_purge

By diversifying into crypto assets, it can't be seized. Our man who has inside connections to multiple Arab state royal families are consulting the rich how to play smart.

>> No.7623208

>>7623159
I got bored early

>> No.7623233

>>7623110
I do not think it really matters now...
Noone is really looking to buy a new coin nowadays anyway.

>> No.7623246

traded a goat earlier for 900 JNT - did i got ripped off?

>> No.7623300
File: 1.20 MB, 300x300, 1478204696818.gif [View same] [iqdb] [saucenao] [google]
7623300

>Jibrel
more like "Jabroni"

>> No.7623462

Bump, buy JNT x10 easy in 1 month

>> No.7623518
File: 204 KB, 404x416, 1408392017907.gif [View same] [iqdb] [saucenao] [google]
7623518

>>7623071

>> No.7623543

>>7623300
this oldfag gets it

>> No.7623887

How far will 60k JNT get me?

>> No.7623895

>>7623246
Fuck your goat. 900 JNT will allow you to arrange multiple marriages in the months to come as well as raise and support your wives for the rest of your life.

>> No.7623952

>>7623887
I don't get how people that are able to invest that kind of money into a coin can ask such questions. One would think that they have researched before investing and don't rely on advice from a sheer meme-board like /biz/.

>> No.7623976

>>7623887
1 and a half lambos

>> No.7624028

>>7623071
Too good

>> No.7624434
File: 37 KB, 843x1102, 1496111379704.png [View same] [iqdb] [saucenao] [google]
7624434

>>7623895

mashallah ...

>> No.7624478
File: 106 KB, 1385x648, 4663414y54135435341.png [View same] [iqdb] [saucenao] [google]
7624478

>Press S to spit on grave

>> No.7624507

>>7624478
Fuck fuck fuck fuck fuck that was me fat fingered that bitch omg fuck

>> No.7624531

>>7624478
lol @ people from biz actually panicselling

>> No.7624601

>>7624507
Wow buddy
Rip

>> No.7624655

>>7624478
guess a whale was hacked or something like that

>> No.7624700

>>7624507
post screenshots so we can laugh at you

>> No.7624701

>>7624478
what the fuck happened? any biztard with experience around to explain?

>> No.7624742

>>7624701
I fucking marketsold my whole stash by mistake

>> No.7624869
File: 1.49 MB, 300x300, 1424592998969.gif [View same] [iqdb] [saucenao] [google]
7624869

>>7624742

Fuck how many coins did you dump?

>> No.7625055

>>7624701
This was a market sell order for like 50k jnt since the order book of eth gate io is so thin...so this was basically nothing.

>> No.7625310

>>7624478
fuck I bought some this morning

I should have waited so I could get this for cheaper

>> No.7625380

>>7625310
hard to predict things like this so waiting would have been basically gambling

>> No.7625657

>>7624869
My whole JNT stash, around 56k, fuck this shitty exchange with no fat finger protection

>> No.7625725

>>7625657
wtf you talkin about nigger, you have to put a fund pass in before you can trade on gate,io

>> No.7625760

this coin has been hovering .55 - .60 over a week now

>> No.7625774

>>7622568

lol

Do you even hold JNT?

>> No.7625837

>>7625725
I did that, I was trading on that shitty exchange because bots there are stupid as fuck, you set a big sell wall and bots will immediately set lower sells. Then I bought that shit up.

It was working until I made a mistake like a fucking pajeet, meh idgaf, hope jnt fails

>> No.7625983

I've always thought JNT is some kind of joke like confido and bitconnect threads.
Is this shit not bottom up yet?

>> No.7625988
File: 8 KB, 244x206, sssshhhhh.jpg [View same] [iqdb] [saucenao] [google]
7625988

>>7625837

>> No.7626002

>>7625837
sure you hope that, we all hope it fails a few more days so we can accumulate

cheers bro, don't forget to start going to the gym

>> No.7626072

>>7625983
it is, because it sounds like jewish /biz/ likes to fuck with newfags and shill it up and down

do your own research everyone, please, don't fall for this racist /pol/ joke

>> No.7626104

>>7626072
Ah ok, thx
I was worried biz has warped my mind into thinking it is a scam, while it actually isnt

>> No.7626322

>>7625983
read the thread maybe?
it's full of useful information and facts
this coin has one of the best partners and advisors in all of crypto
dyor

>> No.7626329

>>7626104

lmao, no no, it's actually a scam bro. Don't you see its actually going down and down? There is nothing coming up

>> No.7626688

>>7618095
Alright, let me phrase this as easiest as possible for your lil noggin.

>We have 10M worth of tokenised currency from the Sheikhs for example. Jibrel DAO start accepting BTC, ETH and JNT, in exchange for jUSD (as backed by Sheikh or other money – real value). Them cutting out JNT from supply that you gave in exchange for dollars increases price, economic mechanism number one. They manage the JNT, BTC and ETH balances in this portfolio accordingly to a set of strict actuarial risk management strategies.
>When someone like (You) wants to cash out his JNT and dump at market, they'll use the SHITTON of ETH and BTC to negate your dump. Then, they get your JNT, and cut it out of supply. Price retention, and possible price increase.

When you want to redeem your jUSD, you'll receive JNT from the DAO equivalent, at current spot price (or maybe daily avg, not sure), UNLESS you've tokenised *your own* USD. That is all, easy as that.

Any further questions about the mechanism of Jibrel, ask away, I'll maybe give you a (You).

>> No.7626727

>>7626688
>Any further questions about the mechanism of Jibrel
when does it go up
please sir im very hungry

>> No.7626887

>>7626688

Do you know what's to be expected for their Dubai announcement that is coming soon?

Also, the ATM announcement?

>> No.7626976

>>7626688

Where does the money come from to buy the JNT from the market to prove solvency in a CryDR? Let's say Sheikh Madmullah deposits 100 million dollars. That sits in the bank account and the DAO buys 100 mil of JNT to fire-up the smart contract as proof of solvency. That has to be done before the jCash is created, so where does that 100 million for the JNT purchase come from?

>> No.7627228

>>7626976
Asking the important questions. Plz answer

>> No.7627517

>>7627228
>>7626688

anon?

>> No.7627723

>>7626976
None of the Sheikh money is used to buy JNT as Jibrel are NOT its owners, only custodians. They can only manage it as per agreements between them and the Sheikhs. It is only used as a proof of value, i.e. there's real-world value backing up these jUSD. If Tether were a scam, they're doing one of the most punishable things –producing counterfeit money and diluting of the federal reserve. Jibrel wouldn't be doing that, obviously.

As for the DAO purchases of JNT, that's an ongoing process done with funds in custody of Jibrel AG and the source of the aforementioned funds would be us, typically, retail investors and the like (funds like BTC, ETH, real USD, etc). Price discovery is dependent on demand and supply for JNT and jUSD respectively. The things Yazan and Talal have said about 100m tokenised assets = 100m mcap is the efficient outcome of a long-run equilibrium (depends on the velocity, see: money velocity, but apply it to token economics) and is the result of some rigorous simulations.

However, as I see it: we're likely to see a sort-of logarithmic growth in the value of JNT, assuming all goes well with the Jibrel platform.

>> No.7627804

>>7627723

You are very smart anon, it's good we have you in Jibrel.

I agree with the logarithmic growth, as people will start pricing in bigger and bigger tokenizations ahead of them happening. Also, Jibrel will gain reputation and trust and their business model will become clearer to mainstream users, attracting more tokenization.

>> No.7627845

>>7627723
Thanks anon. So basically they use the ICO funds plus any liquidity funding from partners to buy JNT for the initial proof of solvency purchases? Then, as the value of JNT grows with the tokenisation of more assets their holdings are able to support more proof of solvency with less JNT? So they would have to scale things up rather than being able to tokenise unlimited amounts right out of the gate, I guess, unless a backer provides them with additional short-term liquidity. Perhaps that is part of what the relationship with the SEED fund will turn out to be about.

>> No.7627942

Call me a gullible retard but I think he wasn't larping and the real joke is that he pretended to be.

At the very least I want to know what inspired all those details like Oman if he was larping. It's masterful larping one way or the other.

>> No.7627997

>>7627942

His larp was good because it "confirmed" stuff that has been hinted at multiple times already. So it was very believable, it was info that someone close to the team or to SEED could have known and it fits everything people closely following the project know right now.

>> No.7628078

>>7627845
No no, incorrect. They're using all that liquidity to mint jUSD. They 'can' opt for buying JNT with ICO funds (as they own those funds), but that would depend on the team's financial models and decision making principles. I see people throwing around the term proof of solvency. What proof of solvency means is that they have:
- On-chain solvency (audited thru blockchain): all obligations in regards to redemption/convertability of jUSD to JNT can be met
- Off-chain solvency (audited thru PwC and the like): there are funds backing up on-chain funds.
And there's a balance of accounts between off-chain and on-chain assets.

PS It's really funny how /biz/ envisioned/imagined Jibrel working like a LITERAL Ponzi scheme. I swear, the economic/financial ineptness of you goyim cracks me up.

As for unlimited minting of tokens, well, that will also be possible, but not with the help of SEED, but something far greater than anything crypto investors have seen before...

>> No.7628096
File: 18 KB, 346x346, c.jpg [View same] [iqdb] [saucenao] [google]
7628096

FUCKING DIP ALREADY AAAAAAAAAAAAAAAA

>> No.7628180

>>7627997
btw wtf is wrong with bibox?
Order book doesn't match dealt orders and graphs, there is also some spike in volume right now.
Is it wash trading, bot clashing or someone dumping fuckton of JNT?

>> No.7628450

>>7628078
Did you read thoroughly the white paper or are you an insider?

>> No.7628462

>>7622089
how many?

>> No.7628761

>>7628450

I suppose he just di his research, why would you think he is insider?

>> No.7628780
File: 103 KB, 888x659, 1518560796496.jpg [View same] [iqdb] [saucenao] [google]
7628780

>> No.7628802

>>7628780
what the fuck is this?

>> No.7628814

>>7628802
This is the jibrel cofounder shaking the hand of al maktoum , the head of the royal family that runs dubai, in al maktoums private office, that jibrel will be working out of.Can you smell the money!?

>> No.7628819

>>7628802
a weak fucking handshake

>> No.7628835

>>7628802
osama is still alive and jibrel is funding him

>> No.7628838

>>7628814
Pic from today

>> No.7628864

>>7628814
goddamn I'm not buying back shit

>> No.7628882

>>7628450
I've invested really early, really big and have discussed enough with the relevant team members to justify my trust and belief in this coin.

>>7628802
Official press photo from the Al Maktoum/SEED partnership.

>> No.7628988

how can I contact an admin of the telegram if I just got banned
I promise I'll behave

>> No.7629073

>>7628988
shouldn't have been spamming the channel with pepe memes then

>> No.7629111

>>7628078
>No no, incorrect. They're using all that liquidity to mint jUSD.

But to create the smart contract that brings the jUSD into existence, it says in the whitepaper that the CryDR has to be loaded with an equal value of JNT first. So where does the money come from to buy that JNT to launch the smart contract if all the liquidity is being used for off-chain backing? A 100mil usd CryDR will need both 100mil in off-chain assets AND 100mil of JNT on-chain. What do they use to buy the tokens required for proof of solvency on-chain?

You say
>As for the DAO purchases of JNT, that's an ongoing process done with funds in custody of Jibrel AG and the source of the aforementioned funds would be us, typically, retail investors and the like (funds like BTC, ETH, real USD, etc).

Forgive me if I'm being a brainlet, but if neither the ICO funds nor the Sheikh's liquidity are being used to purchase the JNT for the laucnh of the smartcontract, how do they get it? Simple sentences and small words please. Some of us goyim are simple folk.

>> No.7629117

>>7629073
I wasn't
I think I got banned for swearing
but I was having a proper discussion
just slipped out something vulgar and talal didn't like it I guess

>> No.7629141

>>7629111
> it says in the whitepaper

Sorry. I mean in the medium article on the token economics.

>> No.7629166
File: 44 KB, 679x500, 1518563752482.png [View same] [iqdb] [saucenao] [google]
7629166

boom

>> No.7629179

>>7629111
By shilling on social media to get people to trade ETH and BTC for JNT and then dumping the price so that they can buy back lower and repump to have more JNT.

>> No.7629203
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7629203

>>7628450
>Reading the whitepaper now makes you an insider

You newfags make me fucking sick. You throw your money into projects while listening to other peoples interpretations of a whitepaper, rather than dedicate 30 minutes to reading it yourself.

>> No.7629271

>>7629111
I heard that they plan on having a reserve of JNT held by the DAO

>> No.7629439

>>7629111
There is no such thing as JNT backing governed by smart contracts as you describe, you've misunderstood. They don't need any JNT to launch the jUSD CryDR. They just 'do' it. And the reason why you would trust the authenticity of the jUSD tokens is because they'll be:
- Regulated in Switzerland, needless to say what a benefit this is.
- Audited half-yearly (I think? I'm pretty sure tho) by PwC, prompting a half-yearly transparency report.

I don't mean to sound condescending, but re-read my first post.

As a whole, Jibrel are taking a big swerve from BTS, Maker and the like. They're backing value through the 'actual' underlying asset, not crypto collaterals.

As for the Pinocchio decentralisation stage, AFAIK, the decentralisation will come from oracles (I can already hear LINKies rejoice) and decentralised governance. Oracles will check bank balances and automatically, as governed by smart contracts, print and destroy jUSD to ensure balance of accounts.

>>7629271
They're not, that was only in case they didn't sell all JNT.

>> No.7629497

>>7629439
>(I can already hear LINKies rejoice)
I am 50/50 link/jnt

>> No.7629523
File: 1.95 MB, 360x202, 1509901457236.gif [View same] [iqdb] [saucenao] [google]
7629523

>>7629439
>(I can already hear LINKies rejoice)

>> No.7629565

>>7629439

So the DAO enables decentralized creation and destruction (cashing out) of jUSD? That's huge. Am I right in assuming that this removes a big bottleneck in tokenized asset creation?

>> No.7629629

>>7629565
Yep, that's right. The finer details are even more interesting, but they'll come in their own time.

And yes, it removes a lot of the admin/human work involved in tokenisation of physical assets, thus reducing friction and error.

>> No.7629780

>>7629439

If that is the case then they have really screwed up in the Medium article they wrote describing the token economics. They say there under the Process Flow section that the first step in creating a CryDR is:

>To create this contract, the Partner pledges value in the form of JNT, by locking the JNT in a smart contract. An additional buffer is required to account for price movement in JNT, as well as the price of the asset the contract is denoted in (in this case, USD).

Then

>In the event that the underlying value of the asset deviates, or the JNT pledge becomes insufficient, the Partner is required to provide additional JNT.

I understand that there will be an off-chain asset backing everything but how am I to understand that the equivalent value of JNT is locked into the smart contract if you are right that

>They don't need any JNT to launch the jUSD CryDR. They just 'do' it.

Isn't it precisely this requirement to buy JNT equal to the underlying asset value that will be the thing that drives the value of the token? I'm happy to have this explained to me but what you are saying at the moment seems to be at odds with their most recent publication on the topic.

https://medium.com/@jibrelnetwork/jcash-and-jibrel-network-token-roll-out-61f267e9a083

>> No.7629818

>>7629439
>omg, it even has decentralized oracles.
Sounds like lamboland anon. I might unironically buy $100k.
What is a timeline? Are there any big announcements coming? I need some time to do my own research and for my shitcoins to moon.

>> No.7629921

another FUD i guess

>this shit will literally take years to complete

>> No.7629971

>>7629780
And if you look at the first box in the example chart it says

>1. Partner provides proof of solvency. Partner sends 60,000 JNT to smart contract.

>> No.7629989

>>7629921
Mention one single project in the top 10 that is not years away from completion.

kys faggot, crypto is extremely speculative, don't bring that weak shit in here

>> No.7630046

>>7629989
i know the price will pump soon but im skeptical of the road map

>Q3 2018
Institutional Grade Banking Platform
>Q4 2018
Jibrel DAO / Full Decentralization

if the devs let their project stagnate bad things always happen

>> No.7630080

>>7629921

What cryptos do you hold that are finished products?

>> No.7630152

>>7629780
You're looking at the strategic partners section, that pledge thing is a bit irrelevant in this case.

The case here is a bit different. The proof of solvency will be provided by Jibrel, and the funds for solvency will be the JNT/BTC/ETH that they'll be taking from you when you place an order through them for jUSD. When I said they just 'do' it, I meant it as a bit of a technical detail, because initially (before we've reached full decentralisation), a lot of things will be handled manually or through a centralised back-end, i.e. printing the jUSD (with smart reg attached) with no cryptographically enforcement for JNT acting as proof of solvency, but simply doing proof of solvency off-chain (I'm sorry if I've confused you). I may be wrong though, not sure how much they've advanced in development since I've last looked into it. If they've managed to develop on-chain Proof of Solvency, that's hella exciting tho.

>> No.7630181
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7630181

>>7623071
10/10

>> No.7630572

>>7623071
https://vocaroo.com/i/s14mlqel1zFC

>> No.7630586

>>7630046
>>7630152

How will they provide jCash before they have the banking license anyway? How are they doing the pilot?

>> No.7630718

>>7630152
That makes a lot of sense for the initial jCash pilot as doing proof of solvency on chain and off-chain seems like doubling the required backing for no good reason. If jCash will be issued as a one to one receipt for off chain cash and then sold into the ecosystem with the assets it is sold for providing on-chain backing then that is a lot more straightforward. I do think they probably need to update the Medium article to make it clear that there's going to be a difference between the jCash type CryDR and the later types. I appreciate you talking it through with me.

>> No.7630984

>>7630586
jCash, initially, will be provided in select regions (such as MENA), due to regulatory constraints. They're gonna pilot where they're allowed. It's not going to be anything big imo, so I wouldn't really hype it up. It's just a test-run which will help them make important improvements for a mainstream-ready product.

>> No.7631103

bump

>> No.7631201

>>7630984

But didn't they say jCash would roll out with ICO end? Why hasn't that happened yet? I thought we could expect it for the public relatively soon.

Their idea is great, but they need to get moving. I hope they know that sleeping till EOY might kill them. Not even saying that because I want them to pump the price, just because blockchain is moving so fast.

>> No.7631205
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7631205

Chances of this dropping back down to sub 50 cents? I want in but not at this price.

>> No.7631319

>>7631205

Not impossible. Though the accumulation channel still holds. They just confirmed that the SEED partnership is in the bag, so idk what's gonna happen.

>> No.7631360

>>7631205
When it’s $100 you won’t care if you bought at $0.49 or $0.55

>> No.7631380 [DELETED] 

>>7631360

>> No.7631407

>>7631360

Don't get me wrong I like the project but this is wishful thinking, and yes I will care. If these are really going to sell for that much in the future you should care about how much you can get now.

>> No.7631414

>>7631360
Never thought of it like that, have been waiting for more than a week now to get it sub .50, but desu it won’t matter in some months and I will be able to sleep in peace without fear of missing the moonshot.

>> No.7631450

>>7631407

Why is it wishful thinking? Did you check how the token functions? If they actually tokenize assets for big institutions it could reach that easily. 20 billion tokenized would guarantee it, and that is without any speculatory value.

In reality, about 5 billion tokenized would likely be enough.

>> No.7631523

>>7631407
>tfw I missed the .35 dip not once but twice

I'm kicking myself, had I bought then I'd have over 60% more jnt. I want to wait for another dip too but I'm starting to think it's more likely for the price to go up unless btc crashes

>> No.7631555

>>7631523
Yep I missed the same dip and will forever kick myself for it. Quite shitty. Have about 5k, could easily have around 10k

>> No.7631575

>tfw kucoin listing is likely AFTER major announcements so who knows what the price will be

i also missed the boat on those 30 cent jibrels god damn

>> No.7631657

>>7631523
>>7631555
>>7631575

I actually got in on this at 35 cents but didn't sell when it hit 90. Doubled down on the dip at 40 cents and now I still want more. Once I get 10k I'll have enough. Fuck It I'll just buy it now.

>> No.7631672

>>7631555
Don’t be greedy my friend, .6 is still the bottom floor for a project like this.

t. Just bought 20k @.57

>> No.7631709

>>7631672
Yep I am really trying to keep that in mind. I would say Im still lucky to have my 5k once this thing starts rolling but that will always still be in the back of my mind.

>> No.7631714

>>7631672
post proof or it never happened anon :^)

>> No.7631756

Just transfer this shit outta bibox, put it on a paperwallet, lock it away. We in for a long hold.

>> No.7631942
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7631942

>>7631714

>> No.7631978

>>7631942
sheeeeit :^O

>> No.7632000
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7632000

Well just got my 10k coins. Hope I don't regret buying the last 4k at this price. Never put this much money in a project.

>> No.7632020

>>7631942
damn nice anon, hold for a year and your're pretty much done.

>> No.7632040

>>7632000
>them trips.

just store them in a paper wallet and wait some months anon. you're gonna make it.

>> No.7632049

MY FELLOW JNTLEMEN and Jladies

how are we today? are we good? of course we are because we own the greatest coin in the existince of coinage.

Is everyone excited for our 100x eom? screencap this because we are going to the mooon

we are the JIBARMY and we will not be stopped. nothing willl ever stop us.

MY FELLOW JNTLEMEN!!!

>> No.7632057

>>7631942

jelly. When will you sell?

>> No.7632127

>>7632057
Not below $10

>> No.7632142

>>7617820
Honestly tempted to all in this coin. Already got a third of my stack in this with 20k JNT but just imagining how high I can go with 60k

>> No.7632146

time to end this thread

>> No.7632185

>>7632146
the shill power of this token is amazing. daily 200+ reply threads about jibrel.

>> No.7632197
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7632197

>>7632146
ZAWA
ZAWA

>> No.7632202

>>7632142

It's one of the best bets to make it with a low-middle 5 figure portfolio right now imo. The project and advisors are great, but what sells it is how JNT increases in value. It's not based on revenue, not on token burn, not on speculation, tokenized assets are enough. If the ecosystem is used by a lot of people, the token price will go up and remain there. No way around it.

>> No.7632255

>>7632142
I'm torn between going all in on this or stacking some OMG
the problem is OMG is already starting to climb and I don't know if it'll be worth getting a stack of a few hundred

>> No.7632400

>>7632255

This has more upside, but I suppose OMG is the safer bet.

On another note, how come Jibrel is gaining so much traction here but price is still going sideways? Guess we really are a bunch of pajeet buyers.

>> No.7632430

>>7632400
If you believe biz has any buying power you're in for a wild surprise my friend.

>> No.7632439

>>7632400
someone shilled me JNT in january after the ICO and before the feb 2 launch

it's not very well-known on leddit for some reason and the volume is low

>> No.7632453

>>7632430
this, not even worth the fud/shilling in reality but people need something to do I suppose

>> No.7632471

>>7632400
>>7632430

This and whales probably trying to accumulate. Plus not a ton of news from the team. Announcements later this month supposedly.

>> No.7632472

p.s

the kucoin launch is somewhere between feb 20-22

if you want to bet on a dump happening that's your chance

>> No.7632499

>>7632439

ledditors think it's a scam because one guy there was writing long essays about how good JNT is. They are buying HORSE instead. The dude making these calls actually seems pretty smart, he taught me quite a bit about Jibrel, but leddit does not give a single fuck and downvoted him instead lol

>> No.7632537

>>7632499
post those reddit threads anon

>> No.7632665 [DELETED] 

>>7632537
https://www.reddit.com/r/ethtrader/comments/7v0hfq/jibrel_network_token_jnt_is_up_92_on_gateio/

I could only find this one. He got downvoted and cussed out on some random daily threads lol. Super salty dude, can't take any criticism, but he is one of the few smart people on reddit who drops some good shit. I found TE FOOD because of him

>> No.7633069

memes

>> No.7633211

>>7632537

I decided to take it down, not gonna link shit here.

Looking forward to tomorrows Jibrel thread.

>> No.7633218

>>7632472
This will dump below ICO price when it gets released on KuCoin.

>> No.7633322

>>7633218
It could pump or dump with JNT honestly. The price support's been pretty strong so far.

>> No.7633351

>>7633322
I know multiple people who haven't sold just because they don't trust the current exchanges. And they have a lot of JNT. On the other hand I'm pretty sure everyone who thought he was 'getting in on it early' signed up for Bibox. At this point I bet there's nearly nobody waiting for KuCoin to buy.

>> No.7633432

>>7633351
I'll buy the dump if that happens. :^)

>> No.7633554

>>7633351

So they wanna sell. Why? It's like 1.3x on the ETH ratio. They had their tokens locked forever. That's just shit trading on your friends part desu.