Topic: [ANN] 📒⭐👑 Jinbi Token ~ ‘The Golden ICO’ - Merging Gold With Blockchain 👑⭐📒 - page 87. (Read 46082 times)

Looks like this won’t be an issue judging by the initial response. But any money raised via bounty will be paid. It would be dumb not too. Jinbi will take care of its community

Bounty is only available after the minimum raise has been met which is $8million.
---Bounty participants won't get any token if <$8million was raised?

 bounty participants are not required to complete KYC

(See telegram bounty thread)

We don't know yet, nothing about that on the bounty thread. We'll see later

And yes the team is real, one of them have worked on the Pillar Wallet : https://coinmarketcap.com/currencies/pillar/

This looks like so legit i do background check and search the team members and they are real in this kind of work or company. I am a supporter of any gold project but of course those legitimate ICO's and i found this exciting to watch. I think they need to go live and to have some accompany with its community members who wants to know more in deep and ask questions.

For the bounty i have a question if Bounty requires KYC to received the token after the ico?

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.
 
I’ll 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 don’t 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 question…why 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 don’t want to go nuts here for general audience.
 
Thanks
 
Crake

You are in the wrong topic my friend, you have to post there for the bounty campain : https://bitcointalksearch.org/topic/jinbi-token-the-golden-ico-merging-gold-with-blockchain-3448783

well, thank you for your answer!

I think that this quote says everything: "This provides an easy, safe and simple way to transact in an efficient, anonymous and high frequency manner. Jinbi is revolutionizing the security of gold assets - by using blockchain technology and implementing smart contracts - to increase the secure structure of the company."

This token can really make the difference in the way anyone can sell or buy gold!!
You can buy gold in total security! Without risk or cost of storage!

Proof of my authentication post:
Bitcointalk username: rudislav
Twitter username: @Lyudmila1981Ori
Twitter url: https://twitter.com/Lyudmila1981Ori
Telegram username: @MisterNod
Thank you very much ...

Was lazily browsing this section, didn't expect to bump into a serious project like that. Gotta say, I love your ICO already. That team looks impressive. Really, I'm going to tell all my friends about it, spread the word, so to speak.

Yes! You can find more information here : http://www.prnewswire.co.uk/news-releases/gold-backed-jinbi-token-partners-with-gold-mining-company-for-golden-ico-680903901.html
You can find all the socials medias at the bottom of the ANN

ps : I'm not part of the team just an enthousiast!

Hi crake.
Do you know if the devs will answer here in this thread? or maybe there is a telegram channel or something like this?

I don't understand how this token works..it is a token connected to a gold mining company?

I see Jinbi project is a long term project. but it is a great idea, make a gold to be cryptocurency asset. everyone love gold, and many people in the world like crypto asset. so I think Jinbi project is a nice project. because Jinbi will give investor and holder benefit from both of gold  and crypto asset. ICO start at 1st June 2018, right?

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. 

Jinbi bounty campaign has been launched!

Feel free to join!

Is there a bounty campaign for this nice project? Thanks!

Will there be a bounty campaign for this? 

That´s right! The very same Vitor Py. A force of nature.

you can also see the full team here.

https://jinbitoken.io/team/