What's the deal with this? Is it a hidden gem?

invested all my money in this

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kek

I just had a look at the history of this coin, damn it really fell from grace didn't it. Still, it seems cheap at current prices, did they actually exit scam? I can't find anything on this.

Kek search biz archives and have a laugh about it.

I think 80% of biz got burned. Everyone said that it will be pumped because it got some rich Arab investors.

Don Tapscott was involved and every project he was an advisor for before JNT 10xed minimum. I think he was tricked as well into believing that they were legitimate.

So the project is still ongoing? Just with a completely different use case? Does that mean they didn't really exit scam?

nump

Yeah I mean the use case just burns Jibrel tokens in the process. It's a gas token for assets that were initially planned to run directly on their network. That's kind of exit scamming. Don Tapscott hasn't mentioned JNT since 2018. He probably realized that it's a scam. Poor guy I think he got conned like the rest of us.

Basically the token isnt needed for solvency. They opted to use stable coins instead that would burn JNT in the process. Even if that was adopted into the mainstream it wouldnr mean much for the price of JNT since it's really not needed. Even if it burnt every token except one that token wouldn't be needed.

Bought 30K JNT for the same price as 30K LINK

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They haven’t technically exit scammed. They are still trying to deliver some sort of benefit to the space. But they completely pivoted away from what got everyone interested in investing with them in the first place and things have crashed and burned ever since. Apparently no one wanted anything to do with their original plan of tokenizing MENA assets and backing them with JNT, so they have basically been scrambling ever since, trying fruitlessly to find a use case. It’s really bad, check out their Telegram. They have had a monthly update for several months in a row, and they randomly changed it to quarterly without telling their own community manager, so everyone got pissed off yet again. They’re basically in over their heads. I’m holding my 30K JNT for life as a reminder to fucking research the projects that I invest in from now on. I’d be a lot angrier if I handed researched LINK around the same time and accumulated a decent stack.

Interesting, if that's the case then why don't they just return the ICO money to investors and call it a day?

That's exit scamming. They gave up on JNT and replaced it with Jcash.

Why don't they just return the money if they gave up on the project?

Why would they return 32m? They are not legally obligated to do shit. They can burn throw years of cash funds and live a happy and wonderful live.

All smoke and mirrors. From report to report they have new excuses why they couldn't deliever.

At least I was clever like Hans back in the days and sold my entire stacks. 420k JNT marine btw...hopefully suicide user is still alive.

Because it's the right thing to do? Does nobody have morals anymore?

Moral stops when money is involved. Sorry to break it down for you.

Hans got fucked in the ass completely. I think he holded JNT until february or something. He lost more than $100k and this was real money invested, not previous gain from the bubble lol.
I had something like 30k JNT. In april or may 2018 I wanted to sell and buy LINK instead... I only sold in january 2019. Thanks god I found a new gem.

NEVER. TRUST. THE. SANDNIGGERS.

NEVER.

What is the Muslim code for morality? By not giving money back to investors are they somehow dooming themselves according to their religion?

Shit happens. I got burned heavily too, learn from it and go on...

>NEVER. TRUST. THE. SANDNIGGERS.
I cannot agree. I never trusted them, but this project sounded pretty decent, but then reality kicked in and the sandniggers showed their true face again.

>TO THE MOON
kek

Killing the kuffar. Physically or financially.

I never trusted them either but they had the money from Dubai, Don Tapscott, organized a big Binance conference in January 2018, etc.
And then they made their report saying they didn't know the usecase of the token anymore in march or april 2018.
I was so close to sell this piece of shit and buy LINK.

a discord fren went all in this with $750k he made from antshares, we tried to talk him out of it but he was shouting about a launch party in the top floor of some dubai hotel. when he finally realised in 2019 it was dead, he left the discord, we all think he necced poor guy. never trust arabs

Damn that's rough, but if all this is now priced in, it might be a good buy still? 5m is a pretty fking low mcap.

It won't go anywhere.
Or maybe it will pump like every single coins will pump because of the market but there are sooooo many coins with better potentials it has no point to buy it. Plus you won't find anyone to sell it later.

no fucking usecase bro

i lost 20k usd to this shit instead of going all in link

Is it too late to go all in on link now?

You can do it to have safe gain but now there are low cap with better potential ROI.