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/biz/ - Business & Finance


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8353821 No.8353821 [Reply] [Original]

No JNT thread? JNT thread.

>> No.8353839

>>8353821
Look at value vs ETH & BTC. MF WE WINNING!!!

>> No.8353926

>>8353839
Right? Lol, I've been slowly putting money in and it's holding it's value better than the big boys.

>> No.8353962

>>8353926
It's holding its value because no one wants to sell

>> No.8353964
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8353964

I WILL NOT DIE
I'LL WAIT HERE FOR YOU
I FEEL ALIVE
WHEN YOU'RE BESIDE ME
I WILL NOT DIE
I'LL WAIT HERE FOR YOU

>> No.8354023

>>8353962
I am in this boat, my jnt bag is still growing.

>> No.8354048

>>8353821
>>8353821
>http://www.sedaily.com/NewsView/1RWYQPZP76
"The SEED Group will provide liquidity during the pilot period, but it is expected that the central bank will provide liquidity directly after six months. "

>http://www.arabianbusiness.com/technology/391999-sheikh-saad-backs-dubai-based-cryptocurrency

"The new partnership will utilise a network of licensed financial institutions to bring institutional-grade liquidity to the blockchain. If successful, it is hoped that jCash will provide smart contract technology to facilitate everyday transactions such as mortgage payments and property ownership transfers."

>http://www.blockchainnews.co.kr/news/view.php?idx=724&mcode=m85mx8f

"We'll be announcing our listed exchanges very soon but we're also gonna do it in a regulated, compliant manner just like we do with the rest of our business." @ 6:00 in the video

>> No.8354062

>>8354048
Ooo, I didn't see the blockchain news article, thank you jibroni

>> No.8354080

24h kucoin volume was $42k

>> No.8354099
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8354099

>>8354048
please sir I can only get so erect

>> No.8354162

>>8354048
that last video is really old, they were talking about announcing the exchanges that are out currently. they cant announce other exchanges due to ndas

>> No.8354180

>>8354162
It's from last tuesday. Unless they have announced any new exchanges since then that I have not yet heard about?

>> No.8354182
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8354182

>>8354099

>> No.8354192

>>8354162
Putting money on Binance after CZ flew out to speak at Jibrel conference. He said he doesn't like to travel nor endorse tokens, and that he can't be bribed into listing new coins. He is interested in game changing coins, such as Jibrel, thus him speaking at their conference.

>> No.8354204
File: 174 KB, 720x405, Evangelion_Unit_01_(Rebuild)_Halo[1].png [View same] [iqdb] [saucenao] [google]
8354204

HOLY FUCK SELL YOUR BAGS

UNIT 01 = GABRIEL
TALAL IS THE FUCKING PILOT

THIS IS AN ARAB PLOT TO INITIATE THIRD IMPACT

>> No.8354241

>>8354180
the article was posted last tuesday the video is from a while ago - you can tell because he said market cap is like 500-600 billion and that even was a while back

they confirmed 2 of the 3 big b's tho, i think we can expect binance at the least for obvious reasons

>> No.8354275
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8354275

>>8354204

>> No.8354290

>>8354241
Source plz, I want to believe

>> No.8354297
File: 61 KB, 550x400, tyn.jpg [View same] [iqdb] [saucenao] [google]
8354297

>>8354275
TALAL IS GOING TO CRASH THE NEW WTC WITH UNIT 01

FUCK FUCK FUCK

>> No.8354299

>>8354204
>weeb shit

>> No.8354302
File: 30 KB, 625x626, thisisbait.jpg [View same] [iqdb] [saucenao] [google]
8354302

>tokenize $10 million worth of assets
>the price of JNT falls 50% the next day
>now you have to purchase additional $5 million worth of JNT tokens to prove solvency
>you just lost $5 million dollars

>> No.8354303

>>8354241
That makes sense but yeah, I expect a bigger exchange coming soon. The current exchanges don't provide nearly enough liquidity for Jibrel to even do their pilots.

>> No.8354360

>>8354302
Stealing attached

>> No.8354397

>>8354290
it was said in the telegram in like january when it was only ico people really in the group

>> No.8354401

>>8354241
Gotta be binance and bittrex. Bitfenix aren't go to list because of tether.

>> No.8354413

>>8354290
and im not going to go searching for it lol, you can find it though ive been in the project since ico
>>8354303
i mean jnt is bound for larger exchanges, there is no reason it wouldn't get listed on binance. in terms of the quality of project alone it should get listed, nevertheless the fact cz spoke at their conference and they have don tapscott and others to make it happen. icon got listed day one on binance so its just a matter of time before jnt gets listed imho.

perhaps they are holding out a listing for some sort of implementation - i personally doubt that though. id just be happy to see jnt on some exchanges with more liquidity

>> No.8354416
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8354416

>>8354401

>> No.8354426

>>8354401
binance and bithumb because korea connections and jkrw is my guess

bithumb is better than bittrex imho - given jibrel korean connections i prefer a korean exchange listing easy

>> No.8354473

>>8354413
Agreed, the liquity thing is annoying, can't buy up more than 2k tokens without going up 5-10% from starting price...CZ likes to list tokens that are robust and mostly devved, not that JNT isn't, but it still has quite a road to walk.

>> No.8354482

third time asking in a jnt thread since no1 seems bothered to answer me.

when someone tokenises 10million lets say. who buys 10million worth of jnt. is it the jnt team? are they buying it with ico funds? what if someone tokenises 100mil? how do they pay for that? or 1 bil etc??

>> No.8354504

>>8354473
>robust and mostly devved
Like TRX, XVG and IOST, right?

>> No.8354574

>>8354482
I don't know the process but I doubt they go on Bibox and buy manually JNT there.

>> No.8354682

>>8354482
So this is the way I understand it, someone correct me if I'm wrong.

When the SEED group tokenizes 250 million dollars worth of cash, they first need to "lock up" 250 million dollars worth of cash off-chain as collateral. Furthermore, they need to transfer 250 million dollars + a pledge to combat any market volatility (let's say 30%) to the Jibrel DAO. The Jibrel DAO will then use this money to purchase enough JNT to cover the on-chain liabilites of the contract, effectively taking 325 million (250 x 1.3) dollars worth of JNT out of the circulating supply until the contract expires. Once the contract expires, the money paid to the Jibrel DAO will then be sold and transfered back to SEED group.

The DAO isn't operational yet but its' function is currently carried out by the Jibrel team manually. Anyway, that's how I understood it, please correct me if I said anything wrong.

>> No.8354788

bought in at .5 and now its .3
thanks alot faggots, i lost like $20 or more

>> No.8354798

>>8353839
+10 in ranking

Hopefully top 100 soon

>> No.8354941

>>8354682
ok that makes sense thank you

>> No.8354982

>>8354798
Soon anon, soon.

>> No.8354998

>>8354788
>en.m.wikipedia.org/wiki/Dollar_cost_averaging

>> No.8355027

>>8354302
mind if i save this image?

>> No.8355089

>>8354998
who would bother doing that for investments under hundred bucks?

>> No.8355093

Can someone shill me on JNT?

>> No.8355145

This is a crazy good token, you basically have a % ownership on all assets tokenised on the platform. its not just like used for fees or some shit like that

>> No.8355151
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8355151

>>8355145

>> No.8355172

>>8355089
Agreed, but if he's going to complain about losing money, small or large scale, this is a good way to average into a market.

>> No.8355193

>>8354941
No problem, check this out if you want a closer look at the tokenomics of JNT

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

>> No.8355200

>>8355093
DONT SHILL THIS FUCKING FAGGGGITS. The less people buy in early the more gains we can have in the near future.

>> No.8355242

>>8355200
Gotta help the bizbros out every now and again.

>> No.8355266

>>8354682
30% seems like a lot of money, especially in a bear market.
Quite worried that it would push away any potential "investor" until the bulls are back

>> No.8355304

>>8355266
30% was just used as an example, we don't know what percentage the actual pledge will be. Anyway, they are not targeting retail investors but rather established financial institutions that seek to benefit from the on-chain/off-chain arbitrage. That's what makes this project so exciting IMO.

>> No.8355325
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8355325

>>8355200
Sup Captainsavajo.

>> No.8355332

>>8355200
>Displaying empathy for horrible anonymous people
You will never gain from this, only lose

>> No.8355346

>>8355242
>>8355332
I am properly retarded and linked to myself.
>>8355325
Go back to blebbit faggot

>> No.8355362

>>8355332
I learned about JNT through /biz/ so it's only fair to give some back you selfish sack of shit

>> No.8355368

>>8355200
Thanks bro, just what I needed to see to buy even more.

>> No.8355382

>>8355362
To whom? You guys are dumb.

>> No.8355408

>>8355368
Yes

>> No.8355442
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8355442

>>8355382
>browses a forum dedicated to the discussion of business in its various forms
>doesn't want to discuss it

>> No.8355463

One of the better performers this week, for sure. Holding sats value is a lot more than most coins can claim. Also BNB, ofc.

>> No.8355472
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8355472

>>8353821
Give me a quick rundown on what this project is going to do.

>> No.8355496

>>8355472
fuck on ur baby mama research this shit urself there are threads on this coin every day with tons of replies u can dig up

>> No.8355503

>>8355442
I am ok with discussing stuff, but some things should be kept underground. Doesn’t matter, every pleb and normie here knows about JNT anyway.

>> No.8355511

>>8355472
Did you even read the thread?

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

>> No.8355518

I got 1k fiat in my bank I want to invest in this. But I am afraid bitcoin will go to sub 5k and never recover...
Please anons give me some advice. Should I just jolo and buy now or wait to see what bitcoin is up to?

>> No.8355539

>>8355518
I would buy into JNT, I think bitcoin might hover around 8k, maybe dip to 7k, but then back up for a bullrun. I think JNT will outperform Bitcoins gains, imo.

>> No.8355563

>>8355503
I understand wanting to keep this underground in order to try and maximize your own gains but we're all here to "make it" and it will be easier for us all as a whole to do so if we share valuable information with each other instead of hoarding it for ourselves. Besides, most people are too dumb to understand this shit anyway so I think the impact on price is minimal.

>>8355518
I would buy now, it's only 35 cents on Bibox which isn't even 2x of the pre-sale price. It might go lower but something might also happen (exchange listing or any other news) to pump the price higher.

>> No.8355592

>>8355563
This. We should be working together to make it, and I think JNT shows great potential and ROI.

>> No.8355599

>>8355518
Yolo now and go full frugal to have another grand in a week or two.
And remember we will see the biggest gains in Q3, so be patient.

>> No.8355632

how many jnt to make it

>> No.8355643

>>8355632
6

>> No.8355686
File: 61 KB, 517x642, JNT 100 Talal.jpg [View same] [iqdb] [saucenao] [google]
8355686

>>8355632
10k

>> No.8355714

>>8355632
Depends on what "making it" is to you, I would say between 10-20k jibblets.

>> No.8355778

>>8355563
Yeah, information is going to be shared regardless. No point in arguing though, you do you, I can’t stop you.

>> No.8355781

thoughts on whether i buy back my 85k amb or buy roughly the same amount of jnt (all in) instead

>> No.8355826

>>8355781
i'd hold off on buying the amb. They won't release anything huge until bitcoin goes on a run/is stable. Plenty of time to get gains elsewhere, jnt for example

>> No.8355846

>>8355826
this

>> No.8355856

>>8355781
Well we know that the SEED group is going to tokenize a total of 250 million dollars. This means that even if they bought all of the tokens (150 million circulating supply), we would end up with a minimum price of 1.6 dollars per token. In other words, this is a guaranteed 4x no matter how you cut it.

Now to be fair, we don't know how long this tokenization process will take but it's a pilot so it probably won't be too long.

>> No.8356020

>>8355856
>Well we know that the SEED group is going to tokenize a total of 250 million dollars
source?

>> No.8356052

jnt saving my portfolio

fucking love these arabs

>> No.8356058

>>8356020
>https://www.zawya.com/mena/en/story/Jibrel_Network_announces_strategic_partnership_with_the_SEED_Group-ZAWYA20180311065811/

Now it says "aims to" in the article which is a bit confusing but Talal confirmed it in the telegram group.

>> No.8356060

>>8356020
"As part of its partnership with SEED Group, Jibrel Network aims to tokenize USD 250 million worth of financial assets in addition to the USD 30 million raised to act as liquidity for jCash."

whether you think they have a deal or its just a 'hope' is up to you.

https://www.zawya.com/mena/en/story/Jibrel_Network_announces_strategic_partnership_with_the_SEED_Group-ZAWYA20180311065811/

>> No.8356080

>>8356060
Again, it's confirmed and not just speculation. Scroll up in the telegram group to the day the article was published and see for yourself.

>> No.8356107

>>8356058
>>8356060
>aims to

>b-b-b-but it's confirmed (NOT by SEED though)

L
O
L

>> No.8356112

>>8356080
oh cool wasn't aware

>> No.8356158

Lol people are still falling for this scam jihadi token.

>> No.8356159
File: 15 KB, 419x184, Namnlös.png [View same] [iqdb] [saucenao] [google]
8356159

>>8356107
stay poor nigger

>>8356112

>> No.8356269

>>8356159
i have 30k JNT you giganigger, nothing is confirmed

>> No.8356283

>>8356112
>i-i-i-i-i-i-i-it's guaranteed
LOL

if it was guaranteed institutions would have bought in

>> No.8356303

>>8356269
>>8356283
>co-founder verifies that the information regarding the announcement is correct
>IT MEANS NOTHING

>> No.8356306

>>8356158
Fud to accumulate more, huh

>> No.8356325

>>8356303
>person who ISN'T putting the money in """confirms""" something
not how it works

>> No.8356345

Seriously, there is the reuters article. There is the plan with the central bank, coming from the seed ceo himself
What more are you waiting for ?

>> No.8356368

>>8356345
ATH

>> No.8356375

>>8356325
>sign contract to invest 250 million
>announce it
>half-way through go "actually fuck it lol"

is this how it works?

>> No.8356378

ALLUAH ACKBAR


inshallah JIBREL
GOD WILLING

>> No.8356383

>>8356375
no contract lad

just "aims" ;^)

just like you 'aim' to have millions

>> No.8356404

>>8356345
my paycheck so i can buy more before it pumps ffs

how long till they tokenize the 250m?

>> No.8356411

>>8356368
Lol, spoken like a true biztard

>> No.8356435

>>8356404
Hard to say, could be over the coming weeks, could be q3 or q4

>> No.8356497

>>8356404
I don't think it will happen until JNT gets listed on a bigger exchange, liquidity is a real issue on these more obscure exchanges. Don't expect it to be too long though, they will want to get these pilots going asap.

>> No.8356737

>>8356497
Agreed.

>> No.8356768

>>8354682

So to tokenize $250 million, I have to commit $575 million ($250 million in cash plus $325 million in collateral)?

That is retarded.

>> No.8356834
File: 121 KB, 500x397, thats-not-how-this-works-thats-not-how-any-of-13893871.png [View same] [iqdb] [saucenao] [google]
8356834

>>8356768

>> No.8356925

>>8356768
How else would it work? First you lock up the initial amount that is to be tokenized, then you give a trusted intermediary (in this case the JNT DAO) the equivalent amount + a pledge in case of drastic volatility. This amount is then held in escrow as an insurance to the customer until the contract is fulfilled, at which point you get your money back.

How else would you do it? Anyway, I'm off for a while so I won't be able to respond.

>> No.8356973

>>8356925
>a pledge in case of drastic volatility
So if the market is very volatile you get fucked?

>> No.8357097

>>8356925
only financial institutions tokenize assets and there are immense gains to be had despite the double capital down...

banks already trade their assets anyways so it isnt really much of a liability to trade said asset with double capital down when you have the assurance you are getting that asset back + nice profit

also, man of the tokenizations dont last that long, they are transitory so the double capital down isnt that big of a deal

that isnt to say the market cap could only go so high because some of the tokenizations are only temporary - it is a network so the DAO would have to lock up a sufficient amount of JNT to account for all traffic on said network...

it works like a bank, with some weird twists because you are dealing with 2 separate economies. but essentially the project is a full fledged crypto bank - just as your money is loaned out and traded with when you deposit it into the bank, so too are assets which are tokenized on the jibrel network - the benefit blockchain technology has for those who tokenize should be obvious (feeless transactions, tracking ownership, etc)

there is much more to the project asides from that but yeah , in short it is worth the double capital down and in many cases the extra capital is only out of your possession for a relatively short period of time

>> No.8357209

>>8355325
WHat's up nigga I'll go post a reddit post if you want... what you want me to say?

that's a true story by the way

>> No.8357424

>>8356404
Wojak is that you? KEk

Nah I know it's not because I actually am Wojak. I fear there could be an increase in price before that blessed day for UK finance wagecucks- the 23rd.

Let us all pray that we can avail of this lovely dip and supplement our stacks.

>> No.8357494

>>8357424
Shout out to DatBoi, Frank, Phil, Brian, Sandneeg, RN, Chad, Bull Dick and Gucci aswell. The inner sanctum. Macau 2020 muthafucker Yyyyyyyyyeeeeeeeeaaaaa Boi!

>> No.8357621

>>8357494
You retards really make me cringe everytime I open the tg. Now I only read Talal posts anymore.

>> No.8357653

>>8357494
Your ID is almost typing out Lrn2hold

>> No.8357731
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8357731

This shitcoin doesn't make any sense. No one will ever use it. Even the logo looks like a bait.

>> No.8357745

>>8357424
Mine is 28th and I'm UK - Fucking reee.

>> No.8357809

>>8356768
i suspect it is being explained this way to simplify the explanation.

what i would really expect is that they need x amount of money to buy JNT and escrow it, where x is probably less than the tokenized value. (because the buy will increase market cap).

Then they also need some kind of hedging based on the underlying metric (like USD/BTC)

seriously doubt a bank would do this by just having 2x the tokenized asset class, seems inefficient. but they will have a token buy + hedge that protects them in an equivalent way

>> No.8357810

Another day, another JNT thread

>> No.8357839

>>8357809
The whitepaper is utter trash. Nothing is explained properly in it. Some pajeet probably wrote it during the lunch break.

>> No.8357925
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8357925

What would be the emediate implications of a 2008 style finance crisis be on crypto. Would investors flee the stockmarket into crypto or would it impact the cryptomarket aswell?

>> No.8357949

>>8357925
There is no indicator that people would stay in a high volatile market like crypto when everything fucks up. You cannot survive from crypto, that's why people will sell the fuck out of it too.

The real shit starts when the bonds are popping.

>> No.8358185

>>8357925
Interesting question, not versed enough to enough though.

>> No.8358209

>>8358185
I can't engrish

>> No.8358228
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8358228

>>8357949
So if the finance market goes boom boom. We be ded basicly.

>> No.8358245

>>8358228
MILKY MILKY WARM AND TASTY!

MOMMY! MILKY! PLEASE BE HASTY!

REFRESHING DRINK FROM MOMMY'S UDDERS!

I WANT MOMMY'S AND NO OTHER'S!

GIVE IT! GIVE IT! GIVE IT NOW!

GIVE ME MILKY, LAZY SOW!

UNTIL YOU DO I'LL SCREAM I'LL SHOUT!

I'M CRY I'LL WHINE AND STOMP ABOUT!

UNTIL MY BELLY IS FULL AND HAPPY!

I REFUSE TO TAKE A NAPPY!

>> No.8358249

>>8358228
If they boom boom, then we doom doom. Exactly right.

>> No.8358252

>>8358245
Lelelelelel

>> No.8358510

>>8358245
lol

>> No.8358527

Jibrel Network is not a licensed bank nor does it follow any financial regulations. They have a rather grandiose roadmap that mentions the phrase "full regulatory compliance" without even attempting to spell out what exactly that's supposed to mean.

Jibrel Network Tokens (JNT) aren't backed by anything. It's yet another ERC20 token with a pretty basic contract. I am not going to read it in full because I've got better things to do. You, however, put actual money into this and unless you understand exactly how this contract works, you cannot claim to understand what you wasted your money on.

CryptoDepository Receipts (CryDR), which are the supposed point of the entire project, don't actually seem to exist yet. I might be wrong: Jibrel Network's launch announcement is pretty unclear on what they actually launched. In any case, CryDRs are redeemable in JNT only. This means that if you happen to hold CryDRs pegged to some asset and the real-world value of that asset goes up, you will still lose money if the price of JNT takes a nosedive.

On the team: none of the developers have a public record of successfully delivering or even just leading large-scale projects. They don't seem to have anyone with a long-term, high-level involvement with financial products nor anyone with the necessary expertise in financial regulations. I can't say that I share your optimism.

In summary, you have exchanged your hard-earned cash for an ERC20 token that as of today is pretty useless. You are putting your trust a team that has no significant public track record and, as far as we can tell, lacks the domain-specific expertise, and furthermore has so far produced very little that would convince anyone that they might, against all the odds, turn their vague, lofty roadmap into reality.

>> No.8358529

>>8355193
I read this and it went way over my head. Can an economist comment on whether or not this could actually work and really attract investors?

>> No.8358580

>>8358527
>CryptoDepository Receipts (CryDR), which are the supposed point of the entire project, don't actually seem to exist yet. I might be wrong.

You haven't done your research but comment on the backbone of the project? Thanks for your insight.

>you will still lose money if the price of JNT takes a nosedive.
Are you implying a worse case scenario? The odds of that are close to zero when the DAO is implemented and since you like odds that much...the percentage of the pledge would be the max loss you could take.

>On the team: none of the developers have a public record of successfully delivering or even just leading large-scale projects.

Yazan & Talal managed billions of funds already. They don't know how to lead people, because they have done that alone, right? Ridicolous logic.

I wont even comment on the devs, it doesn't matter which guys you have in your team, russian, chinks, white, black. You can blame anyone. They are just there to do the job and bring out working versions of the products.

>ERC20 token
Why would they need their own blockchain? That's no the goal of the project, but like you already stated..you haven't done your research. Why would you waste your time creating another blockchain which cannot solve the scalability issue like every other one? Clever use of funds.

>grandiose roadmap
More detailed roadmap is on the way, since you just care about graphics and cannot read the whitepaper nor articles to the end otherwise you wont need a fucking roadmap for plebs.

>In summary, you have exchanged your hard-earned cash for an ERC20 token that as of today is pretty useless. You are putting your trust a team that has no significant public track record and, as far as we can tell, lacks the domain-specific expertise, and furthermore has so far produced very little that would convince anyone that they might, against all the odds, turn their vague, lofty roadmap into reality.

I will end it with this random statement.

>> No.8358600

Brailet here. What would happen to the Jibrel Network if there was a fiat implosion? Would jCash value also plummet or would it be a good hedging tool?

>> No.8358688

>>8358580
That's a copy pasta from a /r/buttcoin thread

>> No.8358824
File: 2.94 MB, 1901x1061, Velveteen Pink.png [View same] [iqdb] [saucenao] [google]
8358824

>>8357494
all of these faggots on the telegram are top cancer. keep it up though pajeets, not done accumulating and we need to absolutely terrify anyone who comes snooping around

>> No.8358882

>>8358527
can't wait until our anon splinter cell posts back on r/buttcoin in a year. this is a really solid troll attempt to elicit such elaborate responses from those plebbit fucks

>> No.8359192

>>8358580

Odds close to zero for the price of JNT to tank? please stfu you idiot.
The market is bearish and bitcoin might be heading sub 6k. therefore, it is actually very likely for the price of JNT to take a nosedive.

>> No.8359282

>>8359192
The DAO isn't even implemented. When you don't even know the fundamentals, then its best to be quiet.

Nosedive has to equal a 99% price loss otherwise that scenario will never happen.

What has bitcoin to do with tokenizing real financial assets? That wont even effect the price. Once again you don't understand what you are talking about.

You need to calm down your emotions a bit.

>> No.8359467

>>8359282
In the long term JNT will decouple itself from BTC, since people realize it is based on real assets with intrinsic value

>> No.8359551

>>8359282

haha, I was just being rude because I know it can help in getting a quick response. Nothing personal.

>>8359467

This might be. I dunno, we will see.

>> No.8359577

>>8359467
While I do believe in JNT and have been holding bags for some times, I'm not sure decoupling from king shitcoin can be achieved before some time

>> No.8359756

>>8359577
Once the concept is running (and it turns out to make sense to double down so you can arbitrage off/on chain) the would could billions in the reserve.

Compare that to the real amount of money that has flown into crpyto, which is way below mcap. All other coins are bloated as fuck, so JNT has actually more impact than it seems.