Quote from: asdlolciterquit on May 20, 2018, 09:27:59 PM

Quote from: crake on May 20, 2018, 11:43:33 AM

Quote from: asdlolciterquit on May 20, 2018, 11:00:54 AM

Quote from: crake on May 12, 2018, 02:28:07 PM

Quote from: asdlolciterquit on May 12, 2018, 09:46:09 AM

Quote from: crake on May 05, 2018, 04:06:36 PM

Quote from: asdlolciterquit on May 05, 2018, 11:21:36 AM

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

i've read that you prefer talk via PMs or telegram, but i'm wondering if you want to answer this question:
if i buy 1000$ of Jinbi Token and with them i buy 1000$ of gold, where the devs find the money to develop their project?

PM me please. It isnt totally clear which bit of the white paper isnt clear to you. So if I can ask you a couple of questions, I am sure a can put you straight. If this leads to improving the WP that would be a win/win 😀

hi crake, i really appreciate your help but don't understand why we can't talk here, i think that maybe these and other posts can help other people too.
You can ask without any problem these questions, here.

This is not a tether-style coin, rather one that unlocks value moving further back up the supply chain and feeding those profits back into the token.

So, the amount of gold in the token is dynamic, but always increasing.

ok well, maybe i'm starting to understand.
So for example 5gr of gold will be linked to one token in 2019. Since there will not be more token in circulation in 2020, more gold will be linked to my token? is it correct?

Yes. Like that... 😎

well, that's really huge!
I really don't know any other token that have this unique "feature".
If i buy this token i can be pretty sure that its value will rise... i don't think there are other tokens like that..

It sounds very nice, even though I didn't understand all the mecanisms why the token should appreciate so much in future. Of course, if the gold price will rise, this is fully understandable, but if not? Anyway, the whitepaper is very well done, even though it could have had a few details more.