Post
Topic
Board Tokens (Altcoins)
Re: [ANN][TGE] Jarvis - Hybrid exchange | Decentralized hub | Token with revenue
by
Jarvis Edge
on 19/12/2018, 17:35:59 UTC
in the current market situation there are many projects delaying or stopping the sale of tokens, even worse it has returned investors funds (when the value has decreased). so what about you, if the minimum target is not reached?

They actually don't have a softcap which means they will continue with the project no matter how much they raise.
yes, that's right and the Jarvis team has told me about this in their telegram group. if I am not mistaken, they have also raised funds of 1.3 million dollars, this is a good start and I am sure that will continue to increase until the end of the ICO.

1,3 mil is a lot of money not just a good start. I think crypto investment has warped our view of what money means

Well it is exactly the next article you gonna publish.
Just waiting for the next article that will publish about how much raised and more detail about the ico.
Just curious about what will gonna be your system? i meant about the revenue, does it act as security token?

So at the moment the otken is neither an utility, nor a security; according to Caymans laws.

The revenue will be distributed to token holders wallet through stable coin.

Is Jarvis located on the Cayman Islands?

The ICO is held in the Caymans, but Jarvis is in Europe, in Bulgaria, and will then move to another juridiction after the completion of the ICO. Probably Malta.