Jarvis exchange is set to offer Forex, Indexes, Metals, Commodities, Stocks, and Cryptos.
Jarvis a member of the Ren alliance, comprised of 50+ companies and/or DeFi projects.
"Officially introduced on March 2, the Ren Alliance is a consortium of DeFi companies that are helping secure, develop, and utilize RenVM — an open protocol that intends to enable public and private transfer of value between diverse blockchains. The consortium’s concept stipulates that bringing cross-chain assets to Ethereum (ETH) will “expand the utility of DeFi by introducing larger collateral types into the ecosystem.”
Jarvis will offer synthetic assets. (Think Synthetix)
"TL;DR: leveraging from UMA, Chainlink and Compound, Synthereum allows to issue synthetic assets tracking the price of any traditional asset, and instantly convert between them through a burn and mint mechanism. The collateral in cDAI is provided by a liquidity pool matching user’s deposit; the user only needs to deposit the exact value of the assets, and the pool is responsible for over-collateralizing the contract and maintaining the collateral ratio."
The Jarvis Discord has been capturing interest from other DeFi project founders
JRT and Dai in the future: 5% of the fees collected by the DAO on the two protocols (Margin, 0.001% of fee and Synthetic, 0.1%) will be shared among the liquidity provider on Uniswap, Bancor, Balancer, etc.
why IS the token necessary? discount on fees? fuck that
Camden Ward
Not a discount to fees but you earn revenues like snx knc mkr basically all the tokens that accrue value have an element of yield or interest from transactions
Discount token + fee sharing will be the go to strategy to accrue value for JRT.
Bag it before its too late.
Nicholas Bennett
you can fomo later at 30 cents
Jackson Taylor
This has genuine tokenomics not like the bullshit you get with ESH XIO ANJ
Oliver Howard
Fuck it just threw in 1 ETH
Nathan Russell
Tony stark, Cockchomper McAfee, Craig 'faketoshi' Wrong, all these gayass e-celebs don't mean shit in the real world. It's like going from a good brand of toilet paper to the cheap shit they use in truck shop bathrooms that is hard to even get a couple squares of shitty 1ply out of the roll and all because it is endorsed by a toilet paper expert like Tony hawk or Stephen hawking. The truth is articles like this use an intricate code system. 10x means it will - 90%, 100x means - 99%, and so on. Stop falling for the same obvious tricks every damn time.
Logan Davis
Better be fast before the dumb cunts catch on
Mason Martinez
This is going to the moon by 10am eastern. I have warned you. Buy what you can now or forever be poor
Jace Jones
buy the dip
Liam Cruz
>Jarvis is not a broker, exchange, marketplace, intermediary, agent, it does not offer financial advice, trade execution or clearing services and therefore has no oversight, involvement, or control with respect to your transactions.
>Jarvis provides you with a service to interact with the liquidity pools of Jarvis Network's Margin Protocol. The latter being your sole counterparty, all your profits and losses will be paid by or come from its liquidity pool. All transactions are autonomously executed in a peer-to-contract manner, meaning that neither Jarvis nor any third-party is involved.
First 80% of the site makes it sound like an exchange, but it's really just a money mover that will collateralize the purchase of assets, probably getting the asset from a different exchange, which is actually a pretty clever way to make an app like this. Allow users to buy assets like an exchange without the need for the type of licensing to be an actual exchange.
Just trying to figure out who would want/need this? How much of a need does it fill versus the normie exchanges that sell crypto-futures, instead of straight-up crypto, as well as all the other assets Jarvis plans to sell? How many users will this get, or will the only attention be on the JRT token? If few people use the app, the token won't generate much revenue for any holder.
Quotes are from the disclaimer at the bottom of their site. jarvis.market/
