/biz/ - Business & Finance

So apparently jCash and the new website dropped. Not much price movement though, they aren't clear about how much will be backed by JNT and it is unclear how long the KYC process or really anything involved with it is.

I was thinking of getting back into it but I'm not sure. Its still below ICO but it could still dump to oblivion.

Q2 update is out.
>jBonds retired and moving entirely to jCash
>jCash testing well and the alpha is currently running
>Website to be out in a few weeks
>jCore scrapped
>JNT will now function as a optional gas fee for jCash if you don't wish to use ETH with jWallet
>jWallet Beta coming out in two months
>Tokenization of seed funds has been moved entirely to jCash as jBonds have been retired

https://medium.com/@jibrelnetwork/project-update-q2-2018-85c348e2fe8b

This is one of the most promising projects out there right now, explanation below, too long so divided between 3 replied

>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).

1/3

> lets assume Jibrel completely replaces tether
> lets also assume JIbrel charges the same fee as tether(it will likely be lower though) of 0.1%
> So the total supply of jibrel usd would be 2,280,109,970
> 0.1% of that is 2,280,109.97(i.e. how much profit they'll make)
> Lets assume a PE ratio of 10(this is pretty standard). This puts Jibrel at a marketcap of $20,280,109.97.
Yes I know Jibrel plans to do a lot of other things but lets say Jibrel is a huge success, they replace tether AND they have other things which is worth about $2bil, they will still only be at $40mil
And all of this is assuming they can replace tether, which is going to be really hard to do.

Announcment day is tomorrow.

What will the listing price be?
EOM predictios
EOY predictions?

1 day left.