Quote from: target on May 08, 2018, 06:53:27 PM

Quote from: crake on May 03, 2018, 04:53:43 AM

Quote from: target on April 30, 2018, 04:14:33 PM

How are they going to be different with XAUR?

Its interesting to see that holders will receive dividends which the team is likely going to resolve with legalization. Seem too good to be true already specially upon seeing the team speculate about he price to be $16 already by next year. Grin

Target asks:

1.How are they going to be different with XAUR?

asdlolciterquit asks:

2.I don't understand how this token works..it is a token connected to a gold mining company?

Hi guys. These are serious questions and deserve non pr answers.

Ill try

With respect to XAUR etc.

It is not my business to critique different individual approaches to collateralised crypto. And definitely not in public. There are various acceptable and creative approaches. (it is a bit like designing a derivative or an maybe an equity offering at a bank. Lots of ways work and depends a little on what you want to achieve.)

But here is root problem: How do collateralise something in a way that dampens downside volatility, yet keeps upside participation?

I dont favor vanilla wrapping i.e. 1 unit crypto backed by 1 unit of something (say gold, but it could be copper or live hogs). This is legitimate: but it raises the questionwhy not just invest in the underying product? You would however dampen downside volatility if you took this derivative design approach. It is questionable that you would get any extra upside juice.

Actually: you need to figure out how to either add gold to a fixed amount of crypto or possibly subtract crypto from a fixed amount of gold on an ongoing basis. This can done in a regular way or in lumps based on some milestone (price etc.)

There are various shops trying to create crypto structures that work in this respect. And i think that various counterparties are prepared to invest considerable effort in this sector gives weight to the core idea. In fact, my own interest stems from the fact that I think huge chunks or both equity and derivative like instruments will migrate to crypto.

So. And the white paper says this clearly. Yes they have mining partners. So that physical gold stream gets added into the Jinbi Token. Essentially they are financing a certain amount of gold production. As more gold gets added you can rationally expect the token to maintain loaded upside exposure. Hence their token price predictions.

It all makes sense and I am happy to take PMs via telegram to dig hard into details. I just dont want to go nuts here for general audience.

Thanks

Crake

Thanks Crake, appreciate you take time to really made a point of what we asked here.

Quote from: crake on May 06, 2018, 05:18:41 AM

Quote from: KOF97 on May 05, 2018, 08:28:10 PM

Quote from: qemjo on May 04, 2018, 01:47:52 AM

Quote from: NS-Soul on May 03, 2018, 10:57:46 AM

For the bounty i have a question if Bounty requires KYC to received the token after the ico?

We don't know yet, nothing about that on the bounty thread. We'll see later

And yes the team is real, one of them have worked on the Pillar Wallet : https://coinmarketcap.com/currencies/pillar/

How do you determine if they are the same person? If they are the same person, I will have more confidence in this project because they are real projects.

https://pillarproject.io/about/

https://2030.io/the-team/

https://jinbitoken.io/team/

These links will help you cross reference, but if that is not enough, I am sure you can contact team members directly if you need further confirmation that an individual is involved with pillar and Jinbi.

Will probably be asking to the pillar team later. Tomer Sofinzon is cool.
But who are you in the team Crake? I checked the team https://jinbitoken.io/team/ and can't see anyone named crake. I hope to remove doubts here.

I am just a friend of the house 😀😀😀

And yes.

The team have pedigree and the business is sound:
so I am confident that it will be a successful offering.