You guys are going to feel pretty foolish in a few months

Absolute retard. No fucking clue what you are talking about. No bank is "using" JNT. Fucking kek.

Here's a rundown. Essentially, Jibrel Network is aiming to provide a gateway to make cryptocurrency more accessible and open to the mainstream economy. Their token - JNT - works as a bridge between cryptocurrency and "CryDRs" - cryptocurrency tokens with a 1-1 fiat ratio. The logic is this - for crypto to go mainstream, tokens will be needed which are tied to less volatile currencies - you pay rent in USD not Ethereum for example. CryDRs function as an analog of fiat currency - they are tied to a 1-1 ratio with USD, Euro, etc. However, CryDRs are purchased with JNT - JNT is the bond in which CryDRs can be purchased - or what bridges these CryDRs to the crypto world. In other words, as more people use CryDRs, the demand for JNT increases. JNT is what bridges the volatile crypto world to the less volatile CryDR one.

So why is this important and what makes this big? Well, right now there is another token that accomplishes the same function: Tether (USDT). Tether basically functions as a way to hedge your funds against market volatility. During this last crash, Tether printed millions of Tether tokens, all tied to a 1-1 ratio with the US Dollar. However, Tether rests on the assumption that there is a real USD value behind each token. The assumes that some bank or institution is issuing USD to Tether - and that Tether is switching that into a token. This is most likely not the case. There has been immense speculation and a lot of fear over how Tether is actually minting their tokens. Many people believe that the next catastrophe level crash for crypto will be caused as the lack of official backing behind Tether prevents a complete sell off. As of now - people are able to safely hedge during market volatility with Tether - which prevents a sell off towards USD.

Give us a shout in 2020 when you're giving rimjobs for fractions of a Monero on the Darkweb craigslist.

I don't even need a clock anymore to know when Europe is starting to go to sleep, I just lurk Veeky Forums and see that the threads are filled with retards.

So here is where Jibrel Network comes in. They are audited by PwC (top 4 accounting firm) and New Alchemy (smart-contract auditor). They ease the anxieties around Tether by providing an audited fiat token in the form of their CryDRs.

But this is only one aspect of Jibrel. They have also created an enterprise grade wallet - with security and functionality. Their wallet aims to ameliorate the issues with currently existing wallets - mainly the compromise between usability, security and functionality. Jibrel has created a solution that combines a great mix of the three without sacrificing any of the above attributes.

Jibrel also recently announced that they are creating an enterprise grade blockchain explorer - basically a Google for the blockchain. jSearch will compete with other similar projects (Nebulas - NAS) for example, while being only one facet of the Jibrel platform.

So Jibrel is aimed at institutional investors. Their targets are banks and other financial institutions. They want to bring crypto mainstream and bridge the volatility of the crypto world with the mainstream economy.

heir team is composed of many former leaders of large accounting firms. They have Don Tapscott as an advisor, a huge name in blockchain. The only other project he advised is ICON (ICX) - Korea's national blockchain. ICX saw a meteoric rise in price this past month and will continue to grow. The are also advised by the previous COO of the Soros Fund - who decided to leave his job at the Soros fund because he wants to work on the Jibrel project. These are huge connections that will be able to pull a lot of strings for mainstream adoption. Jibrel Network already held a huge conference in South Korea with some of the biggest names in blockchain. Their ability to do that speaks to the amount of money they have behind the project.

But the most exciting partnership was only recently revealed. They announced that they have partnered with the Maktoum Family (the ruling family of the United Arab Emirates) to pilot jCash in the UAE. The Maktoum family is a behemoth in the MENA region - the are one of the ruling families of the UAE and the ruling family of Dubai. Big money in the Middle East has been looking for new projects as oil money as been running out - this is one of the reason for the supercity boom in the Middle East - these cities provide a way to hedge against the fading oil economy. Blockchain is obviously the next frontier. The United Arab Emirates has said they want to be the first country to be run on a blockchain by 2020.

For growth comparison consider Tether has a marketcap of ~$1,600,000,000. Jibrel's CryDr's are only a fraction of what the project does - if it comes to half of Tether's marketcap thats already an immense amount of growth. In my opinion there is no reason it can't surpass that.

Additionally, we're looking at a huge portion of MENA and Korean assets being tokenized on Jibrel.

As of now, JNT will derive value in 5 different ways.

JNT is used as gas to fuel the network.

Speculation - what the market believes its value to be. This is the least important here.

CryDRs - these are one-to-one fiat tokens, backed by assets and real money. You need JNT to purchase them. They are audited by pricewatercoopers and solve all the issues with Tether.

Tokenization of assets. As more and more assets become tokenized on the Jibrel Network, as stated above, their corresponding value in JNT must be taken out of circulation. I.E. - if I tokenize $1 billion dollars worth of bonds - an equivalent $1 billion worth of JNT must be taken out of circulation.

The Jibrel DAO. In Q3, the Jibrel DAO will be launching. It will make the coin immune to massive pumps or dumps, as well as any recession. In the event a massive amount of people dump their JNT, the DAO will buy it back. In the even of a pump, the DAO will then sell off a portion of JNT to stabilize the price. You can see how this requires the DAO to have massive reserves of JNT on hand - as well as being an appeal to institutional investors who don't want to take a %10 loss in a day.

Lots of bagholders who want to dump this shitcoin at a minimum loss asap. Just look at these desperate pajeets begging another brainlets to buy JNT so that they can dump.

Telegram chat is filled with retards memeing and catcalling girls in the group. The absolute state. I won't even touch this poo with a 10 feet pole.

You might be asking, why would institutional investors want to tokenize in the first place?

You know how Tether is worth more when it is in use - $1.03 or so? It is the same concept. Assets on-chain can be worth more than they are off-chain.

If I'm a financial institution then, I tokenize $100 million of stocks, bonds, etc. and put it into jCash. Due to market demand of jCash, the value of jCash appreciates 3 percent or so. My $100 million is now worth $103 million. I've made a 3 percent gain by just having my asset on-chain, and I am now free to sell that asset and take advantage of the arbitrage.

A %3 gain may not sound like much to people, but for an institutional investor, it is huge. Clearly this is aimed at big money then - people who would be tokenizing an immense amount of money so that 3% would be a valuable increase for them.

Furthermore, Jibrel is also a bank the unbanked initiative, you'll be able to send jCash by SMS.

This is even more exciting when we consider that the project first began as a solution for migrant workers to send money home.

Sound boring? Consider this: The Al-Maktoum family has partnered with Jibrel to pilot jCash in the UAE. We are potentially looking at jCash being used as a popular form of cryptofiat payments in the United Arab Emirates.

They've alluded that in the future you'll be able to go from your bank account to jCash and jCash to fiat.

n this way then, the project is extremely robust. More than just a platform for institutional money to tokenize assets on, it really the first "crypto bank."

Lastly this is speculation but we also need to consider that if jCash is used as a form of cryptofiat in the UAE, a corresponding amount of JNT needs to be taken out of circulation for proof of solvency.

So if jCash gets to the point where it is used as a payment solution, the market cap of JNT would equal at least the circulating supply of jCash.

I think in the future more economies are going to be moving towards cryptofiat as crypto develops as a whole.

The fact that they have partnered with the Maktoum family to pilot jCash in the UAE signifies that Jibrel will be used as the UAE's own form of crypto-fiat, among other things.

This is speculation of course - but it is certainly not out of the question. Yazan (the founder) is big on eliminating cash, I personally wouldn't be surprised to see the UAE be among the first adopters of crypto-fiat as a widespread payment mechanism.

TLDR: This project goes far beyond being just a replacement for Tether. We are potentially looking at the first legitimate crypto bank.

Thats not true we are respectful of women.

Most got in at ICO level. Moonshot imminent

Nice copy paste.

WE RESPECK WOMAN

you're welcome nigger

there's no point shilling this, people have decided whether they're in or out already

I'm curious to see which group will be posting pink wojaks

This. That shill is most likely a newfag

I've actually been screencapping threads like I did with Ven.

Did ICX moon last month? Sorry wasnt online for a while.

It mooned out of ICO. ICO was 10 cents per. It hit exchanges at $2 and then went to $12.

a lot of pajeets in here go fuck off sirs

nuls xby poa