Quote from: jibrelnetwork on December 08, 2017, 07:01:27 PM

Quote from: shinzai on December 08, 2017, 10:55:06 AM

Quote from: jibrelnetwork on December 07, 2017, 09:17:04 PM

Quote from: shinzai on December 07, 2017, 05:20:03 PM

Hi!
What value as an investment does this token carry for investors of the ICO?
Will it increase in value from increased demand?

Is it inflationary or deflationary?

Sorry if this info alreday is clear somewhere. Began reading the whitepaper but couldn't find any info on this right away. And sadly I'm too lazy to read the whole thing atm.

Cheers

Good questions.

JNT appreciates in value as the demand for tethered tokens increased.

The Jibrel DAO needs JNT to back any tethered assets on-chain (these are also available off-chain). But for Proof of Solvency. We use JNT. So as CryDR demand increases, as does JNT.

Thanks for answering. But you didn't answer wether JNT is inflationary or deflationary. Will there be mining?

Also, another question:
As far as I understand, the main point of your project is stability, for example regarding companies raising money through ICOs. If they raise their money with jUSD instead of Ether they will significantly reduce the volatility risk. For example, not reaching the soft cap in USD even though the soft cap in Ether has been met (due to Ether price dive).

Now, bitcoin futures are soon to be launched. Maybe ether futures will follow soon. This would enable companies to hedge the ether they recieve from investors to the initial price level stated in the whitepaper.

Does that not somewhat negate the purpose of this project?

Again, a great question!

This will definitely impact the overall market share of the project. Not going to gloss over that. But the hedging market is massive.

In addition, futures will be listed on off-chain traditional exchanges. So these tools may not necessarily be available to all participants looking to hedge.
For example, converting BTC / ETH straight into FIAT is also a hedge, and will capture about 80% of hedging market. Tether, and Futures are another mechanism.

The way Jibrel does it is it used JNT as a Proof of Solvency, or gold standard - i.e. the Jibrel DAO will always match off-chain assets, with JNT on-chain, to balance against tethered token liabilities.

JNT itself is deflationary, un-mineable. - finite supply (200MN).

Thanks for the answers!
I've decided to participate in the ico.
However, every time I try to upload my passport (the image shows up) and press "next step" it says "check your connection and try again". I've tried with different picture sizes and different browsers with the same result. My internet connection is fine.

How do you propose I proceed?

EDIT: I have a few more questions.
1) Let's say I buy 1000 JNT from an exchange at a current price of for example USD 0.5 each. If I then use them immediately to buy jUSD then each JNT will give me 0.5 jUSD, ie 500 jUSD. However, if I wait a few weeks the JNT/USD price might change to $1 due to market demand and I will thus get 1000 jUSD from my 1000 JNT. Is that how it would work?
2) What happends to the JNT token afterwards? ie after I have exchanged it for CryDRs?

shinzai

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