Quote from: Jarvis Edge on November 08, 2018, 11:52:30 PM

Quote from: overtrack on November 08, 2018, 06:40:42 PM

Hi team. I've got a question.

Is there any risk of price manipulation by the company?
Also, what is the percentage of tokens owned by Jarvis and how can you ensure a non manipulated market.

In other words : how can we trust you?

Hello

Trust me, I am a banker

More seriously, trust is the most important thing and comes with transparency; transparency is provided by third party audit. You have to know that we will conduct an audit every 30 min on several aspect such as the issuance of the stable coin, our liquidity reserve, our banking accounts, and several off-chain component so you can trust them.

Regarding market price manipulation, let's be honest, any company within an unregulated environnement can do it, one way or another. Manipulating the price could be done through different way, from fake rumour to impossible promesses, to order book manipulation, etc. We do not have any interest doing that, and we will not.

As for the tokens owned by Jarvis, Jarvis will keep 50M tokens, placed into a strategic pool whose role will be do distribute these tokens over a period of time (like 5 years) to users, developpers, influencers etc. It is our "ongoing bounty/airdrop campaign" which is part of our user acquisition strategy. An additionnal 30M will be managed by the DAO, with the same goal (so in total 80M tokens will be managed). This is 20% of the tokens; these tokens cannot be sold, they can only be withdraw to whitelisted addresses belonging to users, developpers, influencers etc.

Thank you for your answer and for your honesty. It makes me pretty confident.

Cheers