Topic: [ANN] Jibrel Network | Traditional financial assets on-chain - page 7. (Read 42787 times)

Thank you very much. I do not know if you are an individual or part of the collective of Jibrel Network ... in any way, I sincerely appreciate your note, thanks to which, I will grant a stand by to my positions in the project.

I came to confirm that my post was still unattended and if so, I was going to settle my positions in Jibrel network, despite being the project that has attracted me most since last autumn.


The truth is that I am quite tired of the discourse of "great effort", "talented team", "long distance race" etc etc ... it is the most adopted resource in a crypto-ranking where the intrusion and the low quality of the projects, unfortunately, every day is more abundant and does not contribute more than outstanding topics of good faith on the part of the investor, so every time I find it, I start to tremble. But I guess it would also be the case of the commitment of who is really moving in those terms and as such I will accept in this case (pushed by the special attraction I found in the JNT project, everything is said).

Regarding twitter, not only do I refer to the disappeared, but to the succession of them, along with the first alluding to the JWallet that you also comment. They are superimposed strategies that I did not expect to find in a project that, imo, would be more based on the diligence and discretion that preside over the areas to which Jibtrel is directed ... and away from the "cosmetics" so recurrent in projects of low category looking for free time or shine. And from there, personally, my disappointment at that point, because marking the timmings artificially does not show much respect for those who, with the full legitimacy that the free market provides, analyze the evolution and compliance of the roadmap ... and also, I understand that Jibrel Network must be rigorously away from this type of low-risk practices that is identified with the huge group of charlatans that exists in the bloickchain and to which I sincerely believe that it does NOT belong ... so much attention with it.

Likewise, I knew the Jwallet and I have not even tried it, because, with tokenization of bonds and other assets in perspective, I understand the handling of cryptocurrencies as the most affordable challenge of that wallet ... and if it is not even able to guarantee its perfect working in this first scenario, I'm not interested for now ... since it would not clear my biggest doubts about the impeccable and non-negotiable security that the operation that Jibrel proposes (and must) make available to the public in such a delicate objective yours. I am waiting impatiently for that final version of the wallet and that its departure marks after it the required rigor in the points that, on their own initiative, they establish in their roadmap.

Likewise, I hope with the greatest interest that this stand by allows me to continue joining a project so promising in its exhibition and that is the face we see in the future at each step of this project. I leave here sincerely my best wishes for it.

Greetings and many thanks again for your explanation.

Hello Jibrel Network believers,

Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.

It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback on our two recent updates 1) Snapshot and 2) Colourful
interface of Jibrel Network at: https://cointopper.com/coin/jibrelnetwork

Constructive criticisms are always welcome at CoinTopper.  Thank you!!

You can find the operational jWallet under the following link: https://jwallet.network.
It is currently in the alpha, but it was recently announced on Twitter that the beta release is around the corner (https://twitter.com/JibrelNetwork/status/999735507037933569?s=20).
I have already tried the Alpha-Wallet and it is very simple to use, but at the moment I don't recommend storing large values on it.

The roadmap on the current website is, as you have noticed, outdated. I also raised a question on this matter in the Telegram Group. One of the co-founders replied that although there are development delays, they have nevertheless made great progress and established a office in St. Petersburg.

The deleted announcement on Twitter was a bit unlucky but I’m sure they had their reasons. Just wait a week or two, I mean, it was posted only a few days ago. But I have to admit that the communication between the team and the community is expandable and the fact that different information are spread on many channels like Telegram, Medium, Twitter and YouTube, doesn’t make it better as it takes a lot of time to search through all channels to find useful information and announcements. In their AMA, Talal has stated that a email subscription box with regular updates regarding the team, products, events, issues but also the progress they’ve made, will be part of the new website.

I hope my answer was helpful and I would like to end with a quote from Talal, which I fully agree with. He said that “this is a marathon and not a race”. A common mistake in marathons is running too fast at the beginning and then collapse as a result of sinking strength. As Jibrel is definitely a long-term project, the comparison with the marathon and the race fits very well.

good morning

Can someone explain to me how to find the operational wallet? Because apparently, it is not yet, only in the trial period (and it was announced for the use of the community almost EIGHT MONTHS ago!)


Next, developments exhibited in your official ROADMAP:

November, 2017
jWallet Release

The official CryDR wallet is released under an open-source license for community use



Q1 2018
CryDR Explorer

A dedicated CryDR block explorer is released to facilitate closer / more detailed tracking of CryDRs on the network

-----------------------------------------


On the other hand, mediated last week he made an announcement of ATTENTION for some important event. Three nights ago, they REPLACED the call, with more imminent ... and at the hour, THEY DELETED: Network of Lords of Jibrel ... I do not know how I can use my HUGE DISAPPOINTMENT to avail myself of this type of practices, already seen in projects of low category ... and that I NEVER thought they had anything to do with the Red Jibrel project. Actually, I'm stupefied.

Are the facts worthy of attention and how to confirm compliance with your ROADMAP? ... And, in case there have been no news in it, you have noticed that people who are interested in a community that had in Jibrel Network the image of a project of the MAXIMA series and meet with this type of attitudes, so common among the least recommended projects in the sector I never thought that Jibrel Network mixed with this kind of bad habits ... and I tell you with immense sadness, precisely because of the special specialty I had in this project ... before which I am completely and, before receiving a convincing explanation , neatly surprised.

Please ... could you answer these questions clearly?

thank you

Jibrel Network is completely another platform that proves and manages different types activities will performed and implemented in block chain. Yes, jibrel network is an another ERC20 token implemented in ETH blockchain.

The Jibrel Network provides traditional financial assets, such as currencies, bonds, commodities and securities, as standard ERC-20 tokens on the Ethereum blockchain.

Bitcoin Garden: Swiss VQF Licenses Jibrel as Financial Intermediary
https://bitcoingarden.org/swiss-vqf-licenses-jibrel-as-financial-intermediary/

Jibrel AG is now an official member of the Association for the Quality Assurance of Financial Services (VQF), which confirms its status as a licensed financial intermediary in the Swiss parabanking sector. VQF is the oldest and largest cross-industry Self-Regulatory Organization (SRO) to meet the criteria set forth by the Financial Services Standards Association (FINMA).

These organizations are put in place to ensure that due diligence requirements are met by its members, providing financial intermediaries an efficient alternative to a more bureaucratic supervision by FINMA. Members of the VQF organization, such as Jibrel, are certified to maintain strict compliance with the Anti-Money Laundering Act in Switzerland.

Accordingly, Jibrel AG partnered with Lexpert Partners to ensure its services stay in line with VQF requirements while its Jibrel Network continues to grow as a platform. As the AML partner, the fellow Zug-based firm will act as an officer to all initial and subsequent Know Your Customer (KYC) and Anti-Money Laundering (AML) duties on the Network....

this is extra money, then, you might want to make a "long-term" investment in the movement to "tokenize everything" ... a movement that'll soon enough turn into a revolution of which JIBREL NETWORK will most certainly be a respected player …

Jibrel is Licensed as Financial Intermediary by VQF

The Jibrel Network provides traditional financial assets, such as currencies, bonds, and equities, as standard ERC-20 tokens on the Ethereum blockchain. https://www.nasdaq.com/press-release/jibrel-is-licensed-as-financial-intermediary-by-vqf-20180522-00305

Unfortunately, I can’t give you an accurate date but I can tell you that they’re working hard to launch the jCash Alpha as soon as possible. At first it’ll only be available in selected jurisdictions and you’ll have to go through KCY/AML checks in order to obtain access to jCash. Because of this, Jibrel has recently partnered with Lexpert Partners to use their AML services.

when customer can using JNT token to hold their fund by Jcash ?

And its been listed for months already.
Don't know why people ask that, when they can just enter Jibrel in the search field in CMC

In principle, Jibrel Network seeks to solve the same problems as other financial trading companies built on the block. By attracting financial instruments to the block chain, the platform seeks to solve such problems as high pay and a slow transfer time.

It’s already listed on cmc:
https://coinmarketcap.com/currencies/jibrel-network/

Project looks good but will it be listed on cmc?

jCash, jBonds and Proof of Solvency

Understanding the Proof of Solvency mechanism
As outlined in the previous post here, the pilot results have indicated revision to the token architecture and mechanics of jCash and other jAssets will be required to ensure the system can be decentralized in the future.

This post will clarify the details of this change, and network users can rest assured that there are minor deviations from the original vision outlined in our white paper. In addition, this post outlines the different CryptoDepository Receipts (CryDRs) on the Jibrel Network, what they represent, and how they work.

https://medium.com/@jibrelnetwork/jcash-jbonds-and-proof-of-solvency-3b655444cf3f

That was a good AMA, can't wait for another one.
AMAs can really increase the number of people that are interested in the project

We've just released an AMA with Jibrel co-founders, Yazan & Talal, you can watch it here!



Get in touch and let us know you're feedback - we're much more responsive and active on Telegram and Slack.

Hi there, some clarifications below - please feel free to join the discussion on telegram if you'd like questions answered directly.


Generally, the API calls provided by Infura are quite limiting. So we powered our jProducts with our own nodes.

We then needed to build node management tools as ETH nodes go down frequently. With this solution in place, we decided to offer it publicly, leveraging JNT as well.



We're working hard towards this and will hopefully deliver as planned.
We've experienced a few bottlenecks (primarily front-end development) with all our devs working hard towards a jCash open alpha.




Proof of Solvency is just a bidding / staking mechanism to facilitate the trading of traditional assets on-chain.

All banks are required to maintain a capital adequacy requirement, to ensure any liabilities are sufficiently backed.

For crypto-fiat, we use JNT in smart contracts to prove that the system is solvent against CryDR liabilities. So if there is 10 jUSD represented, we hold the equivalent value in JNT for immediate redemption (i.e. a user can send 1 jUSD and receive the equivalent in JNT and liquidate that). As long as the DAO is holding more value (in JNT) than it has committed in liabilities (CryDRs), users can trust that the system is sufficiently solvent, should all users decide to redeem their CryDRs at once.

In addition, in certain transactions, an escrow is used to facilitate the transaction.
E.g. If I want to sell a house, I may use a third party escrow agent to facilitate the transaction.

So if you tokenize an asset, you need to put the equivalent value in JNT locked in a smart contract, as long as the underlying asset is still in your name. Once the asset has cleared (i.e. transferred to the new user), the JNT can be redeemed.

This is to prevent people from selling token representations of off-chain assets, and then exiting their positions off-chain.
i.e. selling the house, while the other user only holds a token, and no capital markets / real estate / other regulator has adopted a tokenized ownership system.


Hope that helps clear some things up!

Jnt's price is really low, it should be more than this price now, Which exchange does jnt want to go to?