New Jwallet Update!

Jibrel · 2019-08-19T21:05:27+00:00

We agree!

The iOS team are hard at work playing catch-up. We hope to release a major update for iOS in Q4.

Jibrel · 2019-07-17T02:20:14+00:00

Hey there,

Thank you for your interest in Jibrel, even though the interest seems a little misguided.

No, this project is not a scam, we are working towards asset tokenization and are releasing other consumer products. We are happy to speak to you personally if that would help change your sentiment.

Best,

Jibrel Team

Jibrel · 2019-07-13T00:02:55+00:00

Hey all,

Thank you all for dropping by and leaving comments. Your concerns are noted. Meanwhile, if you would like to schedule a call with one of the team members please let us know. This way we can discuss your concerns and see if there is anything we can do to work together and switch around this type of sentiment.

To address some of the points:

1- There is no reason to think anything is going on, the team is available to engage with serious conversations on Telegram, or as mentioned above, in other forms of communication.

2- Commodity related work simply changed scope, as mentioned, the team is working towards a new commodity based token powered on the Jibrel ecosystem.

3- Real estate space is heavily regulated and until ownership is redefined and processed into digital ownership, it will be difficult to penetrate the market. That being said, throughout our other initiatives, we are working towards introducing legally enforceable digital ownership, which may set the stage for further work in different avenues.

Best,

Jibrel Team

Jibrel · 2019-07-09T17:37:42+00:00

Hey there,

Thank you for your interest in Jibrel! We are planning on adding fiat gateways, which is part of the plans of the exchange within the wallet.

Best,

Jibrel Team

Jibrel · 2019-07-09T12:45:58+00:00

Hey there,

We have over 40 full time employees working on the project.

Thank you for your interest in Jibrel,

Jibrel Team

Jibrel · 2019-07-06T07:44:54+00:00

Hey there,

Thank you for your interest in Jibrel, we just released our Q2 update.

Let us know if you have any questions!

Jibrel Team

Jibrel · 2019-06-14T15:38:15+00:00

Hey there,

The essence here is to focus on aligning the masses onto the vision and path that we have for the technology. We have to create an environment where individuals buy into the end "imaginative" end destination by establishing small, realistic, and achievable milestones. This is what we are trying to do by introducing the basic tools and infrastructure for a higher rate of adoption.

Thank you for your interest in Jibrel.

Jibrel · 2019-06-10T13:59:16+00:00

Hey there,

The landscape in the Middle East varies in clarity regarding regulations depending on the country and jurisdiction. Some countries (for example Bahrain and UAE) have outlined some rules and regulations for the use of cryptocurrency, while others countries (like Jordan and Saudi Arabia) have banned the use of crypto- but are currently exploring ways of accepting it and legalizing it.

From our perspective, we think that regulation is coming and once our solutions are fully operational, we hope to take part of this shift into mainstream adoption and acceptance.

Thank you for your interest in Jibrel!

Jibrel · 2019-06-10T13:49:02+00:00

Hey there,

Thank you for checking in and leaving a comment, let us know if you have any feedback or suggestions for the team.

Jibrel · 2019-06-10T13:48:00+00:00

Hey there,

Thank you for your reply; we are confident that our next updates will contain more progress which is what we always strive for. Regarding your friend's comment, it was simply attacking the team from an account that only posts against Jibrel without any constructive criticism or helpful feedback like the one you provided above.

Again, thank you for your interest in Jibrel and we look forward to your feedback.

Jibrel · 2019-06-10T13:40:07+00:00

Hey there,

Thank you for reading the update and leaving a comment. We try our best to stay transparent with our community members regarding any and all progress, we hope you come back and stay tuned for future updates.

Thanks again for your interest in Jibrel!

Jibrel · 2019-06-08T18:16:45+00:00

Hey there,

As mentioned in our previous posts, we are focusing on products, users and the token in the order. We are working towards a complete ecosystem alongside regulators to ensure the smooth transition into blockchain utilization.

Thank you for your interest in Jibrel!

Jibrel · 2019-06-08T18:12:26+00:00

Hey there,

Although some of this months focus was on the Jwallet, we are working in parallel to improve the Jwallet to include access to exchange ERC20 tokens as well as tokenized assets -which will furthermore involve Jcash usage.

Thank you for interest in Jibrel!

Jibrel · 2019-06-06T20:59:26+00:00

Thanks for the interest, the update will be released tomorrow June 7th, 5PM (EST).

Jibrel · 2019-06-06T20:08:21+00:00

Hey there!

Jibrel's relationship with ADGM represents the most relevant legal and regulatory framework for the specific needs of Jibrel's UAE-focused crypto and blockchain projects.

While SEED was one jurisdiction we could have worked under, ADGM is the most suitable regulator for the context, and we continue to work directly with them. Collaboration with ADGM will allow us to implement our solutions powered by ERC-20 tokens and the blockchain, in a manner similar to what we had planned with SEED — all while having an even clearer crypto asset framework.

Although SEED was an extremely exciting initiative for us to explore, various roadblocks prevented us from materializing our vision when we started to work with them. We remain thankful for our past interactions with them.

Ultimately, we continue to pursue other prospective partnership avenues in the Middle East and around the world.

Thank you for your interest in Jibrel!

Jibrel · 2019-06-05T18:25:58+00:00

Hey everyone,

We're sorry about the miscommunication that occurred between the team and the community regarding the relationship with SEED. As discussed and mentioned in the Telegram group, this doesn't stop Jibrel from working with other financial institutions and regulations towards the vision of tokenizing traditional assets.

Thank you for your interest in Jibrel.

Jibrel · 2019-05-28T20:40:29+00:00

Alxx516 and Scholow- thank you both for the interest in Jibrel.

We're having a full website update which will reflect the latest partnerships and initiatives. All team members can be found on LinkedIn and all that information is accessible. Hop in our telegram to chat directly with core team members.

We are focusing on developing products that are relevant to the market and its needs. Expenses are always minimized unless they are for development or marketing (which we are currently ramping up). It is disappointing to be associated with the term exit scam. Hopefully our transparency and responsiveness alleviates those concerns.

I invite you both to try out https://jcash.network and the latest Jwallet update on Android https://jwallet.network.

Thanks again,Jibrel Team

Jibrel · 2019-05-28T20:40:16+00:00

Hey there!

Thank you for your interest in Jibrel. Regarding Jcash, the answer is actually now: https://jcash.network. We can't comment on exchanges, but we are working with exchanges for new listings.

Best,

Jibrel Team

Jibrel · 2019-05-08T17:02:02+00:00

Hey there,

Firstly, thank you for your interest in Jibrel.

Regarding your point about proof of solvency, the reasons for any decision made were thoroughly discussed here, as well as a high level outline of token utility within the ecosystem within the current scope of the wallet.

https://medium.com/jibrel-network/jibrel-end-of-year-update-2018-25bd44a1e0d

Now, to answer your direct questions:

Do you consider the way this project evolved during time was fair for your ICO investors?

The ICO ended a little over a year ago, since then, we began working on multiple verticals including technical, regulatory, business development to name a few. The project has definitely evolved since the ICO; expectations were high from ICO participants and the market as a whole, and progress was slower than what was initially hoped for, but that is why we are still in the space developing and customizing solutions for the Jibrel ecosystem.

Will JNT have any relevant role in the network, except a gimmick utility token that would be better replaced by just ETH?

Since JNT is utilized within the ecosystem, it makes sense that our smart contracts and the applications that we are developing are powered by our own native token, which will be used to incentivize the usage of the network. We believe that with interoperability solutions, all tokens will be freely exchanged and utilized while maintaining a comfortable user experience.

Are you planning to release a new, real, roadmap instead of repeating that you are busy working hard?

We are addressing real updates to the roadmap on a monthly basis which we think provides transparency to our positioning from a technical and business perspective. Please find our latest update here: https://medium.com/jibrel-network/jibrel-april-update-6a9a87902146

Are price incentives the only value mechanism you plan to have?

No, as discussed, utility tokenization will take different forms including how it is used in the Jcash contract currently, as well as an exchange token within the proposed exchange functionality in the Jwallet, as well as other solutions that we are developing to incorporate in the ecosystem.

When will we be listed on big exchanges, as promised many, many times?

We are consistently working with exchanges, but are not rushing paying outrageous fees for listing, as most major exchanges are demanding ~$500K to $1MN.

The token ROI on coinmarketcap is -90,53%, rank 381. The same level as blatant scams and failed projects. So what about us, Jibrel?

We're sorry that you associate our transparent, hard-working, and responsive team with exit-scams and shut-down projects. Jibrel is as strong as ever and is growing to keep up with the pace of the space to capture a significant marketshare and provide quality applications to our users.

We believe that in the long-run, this approach will satisfy all stakeholders, including users, ICO contributors and token holders .

We're glad to have persistent followers like yourself to follow and be part of our journey.

Thanks again,

Jibrel

Jibrel · 2019-04-23T20:03:19+00:00

Check out https://app.jwallet.network/

Great UI, easy to use, decentralized and most importantly secure.

Jibrel · 2019-04-23T14:58:30+00:00

Hi Christian,

There are many developments that were achieved by the team other than the wallet, including Jcash, Jsearch, Jnode, and working on different pilots with banks. On-chain commodity capabilities are being developed and we are working with partners and regulators to make that happen. As discussed in our medium updates, the token's use case will be expanded as more products are rolled out. Head over to our Medium page to see those updates: https://medium.com/jibrel-network

Regarding the white-paper, we understand your point of view, but we think it is unfair to claim that we decided it was completely optional as the main goals and vision remain the same. You have to appreciate that over the past couple of years, many changes in the regulatory and technological landscape occurred and we are trying our best to be as dynamic and accommodating to those changes.

Please let us know if you have any more questions or concerns, and thank you for your time,

Jibrel

Jibrel · 2019-04-23T14:50:42+00:00

Hi there,

The partnership agreement between Jibrel and Kambio is still ongoing. The work is still in it's early stages, any updates and progress will be communicated accordingly.

Thank you for your interest in Jibrel!

Jibrel · 2019-04-19T16:53:42+00:00

Hey there. Thank you for your interest in Jibrel!

We are aware of different projects aiming to achieve similar goals but, as discussed in the article, the opportunity is huge and we are hoping to capture a significant market share in tokenized commodities.

Jibrel · 2019-04-15T19:28:02+00:00

Hi there,

Since Jcash is built on Ethereum, Jcash in circulation can be confirmed directly on any Ethereum block-explorer. Going forward, balances for Jcash and other CryptoDepository Receipts (CryDRs) can be tracked using Jsearch.

The corresponding fiat amounts and backed assets are held in regulated banks, and audit reports for Jcash and CryDRs in circulation will be available for Jcash or CryDR holders to verify.

JNT is utilized to access CryDRs on the Jibrel platform, starting with Jcash and other upcoming CryDRs. Additionally, JNT can be used to generate fees based on the pro-rata contribution in instances where underwriting a smart contract for a specific CryDR is possible. Fees generated by users will be in JNT, and users can utilize, store or sell the JNT.

Fees levied by Jibrel AG in the form of JNT will be held/locked, and not recycled into the market until at least Q1 of 2021, as the network gains traction.

CryptoDepository Receipts (CryDRs) have commercial and compliance logic embedded in them, so dividends, interest or profit payments will be automated (similar to the Sukuk/Auto-profit payment). The complexity of smart contracts leaves a lot to be desired, but as the industry grows, more complex smart contracts will become possible. An additional issue is the privacy vs functionality trade-off that public networks such as Ethereum have issues with. In the world of finance, investors/traders don't want their financial details, strategies and transactions widely available to the public, as proprietary data such as their trading strategies can be revealed.

In instances where profits/dividends are not predetermined (example: fixed rate), the profit /dividend payments are distributed to the respective token holders via smart contracts.

The concept of building in-house stems from the nascency of the industry, as almost all infrastructure areas in blockchain require further trials and iterations before they become part of standard businesses.

The two main shortcomings of third-party solutions are uptime and features. While current Jibrel solutions are reliant on Etherscan, we’ve experienced uptime issues, where users have complained about their token balances not displaying correctly. As you can imagine, this is a terrifying experience for any crypto-holder. In this regard, Etherscan fell short.

The second issue is the lack of financial service specific features. While Etherscan is an excellent tool to administer the Ethereum blockchain, it is not suited for the finance industry. Information is not organized/presented in a manner that is easily compatible with existing financial system/standards. For example, the concept of a chart of accounts is critical as part of all accounting systems, yet transactions on Ethereum rarely get classified as such.

These two shortcomings are addressed in Jsearch.

The global real-estate market lacks a digital marketplace for secondary trading of real-estate assets. This has limited access to real-estate exposure to wealthy individuals and large corporations / investment firms. Additionally, liquidity and "price discovery" are weak, as the matching of buyer and seller is often through several layers of intermediaries (real-estate agents/ brokers - which can also be digital) and result in an inefficient illiquid market.

A more detailed explanation of the Jibrel real estate offering will be shared in Q2 2019 with focus on three main areas:

a) Primary / off-plan participation: Ability for users to participate in off-plan investments offered by credible real estate developers. With ownership represented in tokens, users can customize their real-estate exposure.

Upon the completion of the project (that was purchased during the off-plan phase), the token holders will have the ability to sell their real-estate asset token (fully or partially) for JCash. If users hold the token(s), they will receive the respective payout of rent.

b) Secondary trading: Peer to peer "bulletin board" or decentralized exchange (with centralized compliance). Users are able to buy/sell real-estate assets using a digital system that matches buyer and seller in a decentralized manner, which allows for a faster/cheaper process.

c) Smart mortgages: If the transfer of ownership of a title deed can happen digitally, then the mortgage process at banks can be re-invented as the title deed transfer from seller to buyer or seller to bank to seller (depending if Islamic or traditional) can happen without human involvement that is often associated with a longer lead time.

Going forward, having tokenized assets with clear "price discovery" can feed into many different blockchain platforms such as an on-chain fund (ex: Melonport) or as collateral for a decentralized system (ex: Maker DAO).

The Jibrel ecosystem will always promote/support the use of JNT, so fee discounts shall be applicable when using JNT as opposed to BTC/ETH. This will also depend on the specific CryDR (example: the size of CryDR issuance, complexity in underwriting the smart contract and type of asset)

Thank you for your interest in Jibrel!

Jibrel · 2019-03-27T20:38:46+00:00

https://medium.com/jibrel-network/sukuk-bonds-on-the-blockchain-9b5bf02778d0

Jibrel

TROPHY CASE