Janus breaks the silence

bjorn_bb:

You will want to keep an eye on both the thread and primary Janus twitter account over the next 12-24 hours. It’s not something any JNS holder or future coin holder should miss. Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it.

Our developers are still working on 2 sites one of which is Trademimic.com. This is something we’ve always wanted to start but did not have the partners in the industry until we reached out to them in July. This new business although young has great potential and is the reason for my absence and silence recently.

Video and pics will be part of it and Luis has added some personal touch to showcasing the announcement. Don’t miss it everyone  CoolCool

Join the other 3,100 users in the #Janusproject slack for more current week to week information in the future.

Source: https://bitcointalk.org/index.php?topic=1677509.msg22257057#msg22257057

bjorn adds, on nxtchat.slack #janustoken:

Thank you everyone in advance for your patience.

Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it. Our developers are still working on 2 sites one of which is Trademimic, this is something we’ve always wanted to start but did not have the partners in the industry until I reached out to them in July.

This new business although young has great potential and is the reason for my absence and silence for these months. Video and pics will be part of it and @ascendus (Luis) has added some personal touch to showcasing the announcement.

Keep in mind this is only the beginning but we feel its easier to show you so you can see how big it will grow in the next 2 months. I have confirmation from 2 partners and deals struck with building lease manager to expand, anyway thats all, you will just have to be here and on twitter/bitcointalk so it makes sense.

Janus Dividend (2017-5)


June 1st

A total of 313996.0317951 NXT
distributed among 391 accounts
which own a total of 20,933,068.78634 shares

0.015 NXT per Janus token owned

9638088763182480941


Bjorn_bb:

ETC community was happy on their portion, I just got done speaking with their core groups. Cyclical relationships I spoke of this 6 months ago for those that remember - over time you will see how I keep them as a core methodology. Help others help you, in plain English.

Same goes with stocks.exchange and our community helping with volume, in turn he advertises Janus. It's a win/win, never underestimate it. ROI comes in many ways. 🙂

Expect some media push soon, big thank you again to the NXTer magazine team for their help. This will be a big press release possible several medium to large outlets.

We are about to refocus as a team on mainstream businesses​ again, shift is coming. If everything goes as we plan, there will be a series of delivered projects and biz around the same time. I'm handling several things for ETC and making some good things happen but our developers will be moving mainstream now.

We also have confirmation from marenkar (NXT Foundation) that the NXT/Ardor core team will be able to make all our lives easier with migration to Ardor Janus once ready.

This is all I have for now, thanks everyone

More info: Nxter.org/ae-janus

Last month's dividend

 

Janus Dividend (2017-4)


May 1st

A total of 517095.84601752 NXT
distributed among 374 accounts
which own a total of 18,467,708.78634 shares

0.028 NXT per Janus token owned

15350389444990902579


Bjorn_bb:

Thank you to the Janus community and those who see the value in a long-term investment with our team, as we approach the upcoming launch of our new Ethereum Classic business… This is a great time to reflect on blockchain initiatives. This is also the pivot point where our team shifts focus back to the Social Trading site and some media sites for our JanusXT holders.

If you are wondering “Bjorn why the hell are you so confident about this Social Trading/Fintech site for the past year?” , the reason is because nothing has power like a business model that empowers its users to succeed, both monetarily and making them the rockstars of finance, and we will nail the flow of this site even if it takes 10 versions to perfection.

Thank you again for being the awesome community core we have come to rely on for opinions and a good laugh from time to time, the future is what we make it!

If you only read one part of this article, read the last part: http://www.marketwatch.com/story/crypto-trading-grows-4500-in-one-year-on-etoro-as-bitcoin-price-hits-all-time-high-2017-04-27-92031812 

this is why we are building it

Yeah the distribution of profit is all NXT software driven, it doesn’t discriminate you just have to hold the JNS in a wallet under your control.

More info: Nxter.org/ae-janus

Last month’s dividend

Janus News summary – April (II)

Welcome to an end-of-the-month summary of the latest Janus news;

May 1st Dividend

If you still have Janus (JNS) on c-cex, remember to send them to a Nxt account you control. Your Janus profit share payment will follow your Janus tokens – if your tokens are on a centralized exchange on the 1st of May when the Janus dividend transaction is submitted, the exchange will receive your dividend!

Oh. Bjorn just stopped by Slack:

bjorn_bb [1:58 PM], today:

Just popping in before I lose internet. I was doing some last minute security and pc maintenance and found an old litecoin wallet from several years ago. For transparency reasons I converted it to NXT and will just add the funds to your dividends. I’m doing this because two primary reasons.

1. It’s my funds from a time I just dabbled in trading and mine to do as I feel best.

2. I really am happy and proud of this community.

That is all, have a great weekend everyone.

JNS distribution

The 2nd distribution of Janus (JNS) tokens sold out faster than expected.

On April 13, Bjorn announced that it would be the final Janus distribution ever, and added:

We will reduce total Janus in existence to 25,201,489 JNS.

To allow investors to buy JNS with BTC and keep their NXT for the upcoming IGNIS distribution (which will be based on the amount of NXT coins in your account at the time of the Ardor Genesis block), the remaining Janus tokens were moved from the Nxt AE to c-cex:

On April 20, the 2nd and final distribution of Janus (JNS) sold out on the Nxt AE and c-cex.com.

72M+ Janus tokens (JNS) burned

72,067,503 Janus tokens were instantly burned.
The total of Janus tokens in existence is thereby reduced to only 25,201,489.

Bjorn writes:

This leaves 16,201,489 in circulation, assuming none of the JanusXT holders leave the project.

JanusXT spots all sold out

On top of this, the final JanusXT spot has been sold.

https://twitter.com/FloatingLamps/status/857596192435441665

Upcoming ETC bonus + extra income stream

The Janus team is preparing for an early May launch of their ETC community site.

We will soon be launching a community-centric use-case for Ethereum Classic.

We are very close to finishing, however developers need a bit more time to ensure Ethereum Classic wallet security is on par with our standards, as well as,  testing multiple areas of the site and correcting issues we are finding.

Rest assured, our team is working 70-80+ hours per week to ensure a positive impact for the ETC community and Janus community on our project.

There will be a launch bonus for Janus holders, as well as a welcome bonus for ETC community members: 2 ETC per Janus slack user / Ethereum Classic community member. 200 ETC per community for trying the new service out. Bjorn and Luis will give instructions how to claim to cut down on duplicates.

Luis explains:

A google form registration will be needed. Bonus applies to the first 100 who sign up. Must be Janus/NXT slack current user.

and bjorn_bb continues:

Ethereum classic slack will receive the same so it’s a great time to meet new people talk crypto, find common interests, and in general build the growing overall Janus community. Also to have fun..!

10% of the ETC site’s profit will be paid to Janus (JNS) holders, 10% to JanusXT holders, 10% to the ETC developers in turn for their help with pushing the site and helping Janus, and 70% goes to the Janus Team.

Exchanges

Some in the community have voiced that they’d like more centralized exchanges to add JNS.

The following exchanges have been contacted by the Janus Team. “Most exchanges just need to know that people support the project, they are in the business of volume and need an indication of profit. So, this is a way for the community to help: take a moment and select the tweets you want to spread”, writes Bjorn.

The brand new stocks.exchange has also listed Janus and states that you will receive dividends here without assets withdrawal. If volume picks up, this may turn into a fine option for traders, just remember that it’s a centralized exchange and never as safe for storing your assets as your local Nxt Client.

Janus member Q&A 

The Q&A with Janus’s new team member will have a date set shortly after the ETC business launch.

Bjorn writes:

I promise you don’t want to miss the big reveal on the man that will become much of the face for our large mainstream sites and his amazing global contact outreach. The NXT Foundation will help host [the Q&A] along with the rest of our team.

Social Trading is our first bridge from crypto to mainstream. Forex/crypto trading on the same site.

That’s all for now, folks. Sit back, wait for your NXT balance to grow on the 1st of May, and check the dividend tx details in the account ledger. The dividend transaction ID will also be posted here and on the forums.

Do not miss a Janus update, join their Slack channel, and follow their social media channels.

More Nxt assets can be explored on nxter.org/assethub.

Janus news summary

The Janus project team has been dropping hints and updates in their Slack channel, as well as announced some significant changes for the Janus project, which are going to be implemented.

Here's a summary, to Janus holders but also to those who still hold back from investing in Janus.

Burn Janus, Burn!

22,500,000,000 Janus tokens were issued on 5-Aug-2016, 06:31 pm.
There was an ICO. Then there was an NXT token sale. And community building.

On April 13, Bjorn writes:

We will reduce total Janus in existence to 25,201,489 JNS.

5 Million of that will be kept on the main Janus account (they receive none of the dividends, therefore do not detract).

2.5 million for our team's holdings, 2.5 million for community efforts/bounties in the future and the like, 2 million will go to the final JanusXT holder when he/she comes to us.

This leaves 16,201,489 in circulation, assuming none of the JanusXT holders leave the project.

When the 2nd distribution of Janus tokens on c-cex.com and on the Nxt AE have been sold out, NO MORE tokens will be sold by the Janus Team.

July 3rd is the end date of the 2nd distribution, plus the last chance to support the Janus team directly. Remember that any buy from the team is an investment in the team's work, which aims to make your investment worth.

bjorn_bb:

After July 3rd the market will be fighting each other for tokens.

We decided this is best to carry all who are in since December until this July with us. Then after latecomers will have to pay more premium. By premium I mean they gonna be buying it from you all.

However sells could get ever scarce as the passive income becomes the level we want, and I plan to add Janus as a payment option to 2 sites for a continuous buy up driver. The key is making a discount enough to take the time to buy and use it as payment. If a service on social trading site is 400 USD for example a 25% discount paid via Janus tokens should motivate. This then feeds us tokens, causes market push, and should in theory drive volume.

 

New sites, better Dividends

Janus holders can expect an addition to the monthly NXT profit share from the BetterBets.io Casino, “people who aren’t a fan of dice may really like this one,” bjorn_bb writes.

Janus holders will get 90% of the NXT profit.

  • A new blockchain based business site will launch soon after;

This is an unexpected evolvement, and the new site's going to add an extra revenue stream to Janus and JanusXT holders. 10% to Janus holders, 10% to JanusXT holders, 10% to the "outside developers" for helping push the site + also helping Janus, and 70% to the Janus Team.

  • In May, a new site will be added to the JanusXT holders' portfolio of income sources

This site will easily be replicated to many areas of pop culture. And yup, it's just one of the advantages of being an XT holder.

Janus XT

Want to get JanusXT?

 

New team member

A new and influential member has joined the Janus team. Who this person is, will be announced soon. His work will begin with the launch of the social trading site.

Bjorn writes:

His job won't be like ours, he may work 20 hours a month but what he can provide is priceless. I am proud of what I can do, but he can open doors that are impossible for even top marketers. It's hard for a new guy to come into a team working together for so long, but he's everything I realized when we met last summer. I just didn't think he would be interested in joining until January. 30+ years of experience in numerous fields and industry very few have direct access to.

We are coordinating with the Nxt Foundation to get his identity verified for you (I assume you all trust their word by now). Once that's done we can roll out the QA with him on a yet to be determined medium, end of the month.

His passport has been sent to the Nxt Foundation who will talk with him and confirm his identity. When the QA comes there will be no doubts about his authenticity and we will see why this verification process was important. "So that we aren't making some crazy claims", writes Bjorn.

The social trading site

Bjorn has revealed the name of the future site: www.trademimic.com

Janus' aims to hit the mainstream with this site, which will soon be beta-released and tested inside the community, then soft-launched in July.

Bjorn writes:

Trademimic.com is focused on Forex, but as we said in December, it will have altcoin options and Bitcoin. Subscription based. And there will be tiered packages. More options higher price.

We'll finish up with the social trading fintech site by July. Then market like mad. Our new team member's first major assignment will be that site.

-

Do not miss a Janus update, join their Slack channel, and follow their social media channels. More Nxt assets can be explored on nxter.org/assethub.

Janus Dividend (2017-3)


March 28th

A total of 294252.92831902 NXT
distributed among 309 accounts
which own a total of 13,375,133.10541 shares

0.022 NXT per Janus token owned

8213383200925147837


Ascendus:

This month is slightly smaller than the previous one, mostly because NXT price rise diverting attention from larger bets.

Bjorn_bb:

Thanks to everyone who helps spread the word of our token, businesses, and team goals. Expect many awesome announcements over the course of April-July, some will probably be a bit unexpected but the end is a great value and strong business for all of us.

Bjorn_bb:

Well I was not expecting this news so soon and I cannot give full details yet, but someone I know in person who has vast contacts in multiple high profile industries has just accepted our offer to join the Janus team to help in marketing and business relations.

We had numerous discussions with our new team member and revealed the entire plan for our parent company and future sites, we couldn’t be more thrilled to have him on board for now and the coming years he has committed to!!

Having this person on our team could put us years ahead of marketing penetration.

More info: Nxter.org/ae-janus

Last month’s dividend

Janus Token Distribution 2

The next round of Janus (JNS) tokens will be released on March 4th.

Distribution + burning will equal 10.5 mil. "The people who helped create this distribution plan are long term holders with intent for best Janus success possible", Bjorn writes.

- "It's a joint effort between us and our community and will be each time. This way it never becomes one sided. Remember each distribution covers a 4 month period. During this time we can evaluate the impact of each revision and make changes on the following distributions for a positive result for both project funding and market sentiments".


Janus Token Distribution 2

March 4th - July 3rd, 2017

Name: Janus

Token asset ID:
4348103880042995903

The batch is 10,500,000 Janus (JNS)

-

2 million Janus (JNS) tokens
will be set on two exchanges at 3 NXT per token:
1.5 million Janus on the Nxt Asset Exchange,
500k on C-cex.com exchange to give a BTC/JNS option for purchase.

-

Four million JNS tokens will be set aside allowing for the ability of two
people to reach the 2 million token requirement for tier 1 dividends (JanusXT).
The rate per token is set as follows: 2.25 NXT per JNS - a 25% savings from the market price.
(BTC or Ardor payment options also accepted, contact us for current market price)

-

Two million JNS tokens in 2 allotments of 1 million Janus are set aside for those wishing to make a large investment into Janus but who are not able to go for XT status. Each is sold at a rate of 2.75 NXT per Janus - a savings of 8.33% off the market offer price.
(BTC or Ardor payment options also accepted, contact us for current market price)

-

2,5 million Janus (JNS) burned
The Janus team has reduced the total supply of Janus through a currency burn of 2.5 
million tokens

-

For the large buy-in options contact the Janus Team via
slack or email bjorn @ janustoken.com to complete the transaction.

If any unsold tokens exist they will return to the Janus distribution account to be used for future quarterly disbursement. Another small thing to take note, when the distribution hits, Janus' market cap will jump from the new tokens in circulation. Over time keeping the project unnoticed by the general crypto community may get more difficult.

Source: https://goo.gl/SeIfI8

Janus @ /assethub


What's cooking behind-the-scenes?

Bjorn, Janus Team's concept developer and marketing director, reveals in Slack:

The Janus developers are in full swing coding 2 sites that will launch before July. The other half of our team is immersing in the forex community now. Getting prepared for the social fintech site, I've started reaching out to traders with social followings that are in excess of 1000 people. We should have several professional traders ready after beta ends.

Janus users will get first looks and testing though then beta will pull more until we feel confident V1 is ready to go live. Everything looking very solid, more news to follow on that in 30 days.

Our team will not pursue US exchanges as their policies are vastly different than the rest of the world. So if they do list JNS then great, but it's not a focus, dividends and US seem to have issues, and Janus tokens for us are a vehicle to deliver profit sharing.

If the community gets JNS listed at various places then fine, just be sure to return the tokens to your Nxt accounts to collect revenue each first of the month. Otherwise, it goes to the exchange, which is nice for them but not for holders.

Some may have missed it, but this project isn't really a project, it's the life work for at least 2 of my team; Lobos and I. It's our end goal, retirement. Create empire, then grow empire, then future generations take over. The token partakes in this and will just evolve as needed to stay current.

Under the Knife #1: Janus token

Janus

On November 09, 2016, 11:57:13 pm, Janus joined in the Nxt and BTC sphere by announcing their ICO on Nxtforum and Bitcointalk.org. Up for sale were Janustokens, which are tokens that will represent revenue shares in Janus, a (soon to be legally registered) software and services company which plans on launching multiple businesses. The industries targeted are done so specifically for maximum revenue with the lowest market share.

The Janus project is being launched by veteran blockchain enthusiasts with the aim of bootstrapping a number of initiatives under the umbrella of a parent company. As with any business, the goal of these initiatives is to become profitable and pay investors regular profit shares which exceed market rates of return on invested capital.

Our vision is to create a software and services company which utilizes a common technology platform to rapidly implement distinctly branded projects targeting a number of carefully selected markets. We believe that this approach will allow us to decrease development costs and increase product quality which will enable us to establish successful businesses and generate substantial profits which will then be shared with the Janus token holders.

From the Janus whitepaper

The janustoken.com site takes investments paid with BTC, NXT, and most altcoins (via Shapeshift). The tokens are issued on the Nxt blockchain and will be distributed to investors after the ICO. Dividends will be sent to investors via the well-tested Nxt dividend mechanism, in BTC, and directly into each investor’s BTC wallets.

The countdown, profit sharing plan, roadmap, time line, and income generation business model, can all be found on the website and in the Janus white paper. Nxt Foundation acts as escrow, investors which contribute and hold the equivalent of more than 50BTC Janus tokens, will receive a seat on a Janus ‘Advisory Board’.

What can actually go wrong?

Nxt and the cryptocurrency scene have seen many sellers jump into our forums, promising “moon” and good ROI, and, I’m sorry to say, but we have a damn good reason to be reluctant. We’ve been victims of numerous scams. We’ve funded some of those good pitches and seen our money vanish.

Under the knife

Janus coming out of the blue like a ninja, suddenly being all over the place, pitching, praising Nxt, posting walls of text and asking for funding, but without revealing much detail about their business models, could be either backed by relevant enthusiasm, good marketing, and natural protectionism of their unique business ideas, but on the other hand, it could also turn out to be nothing but “used car seller” tricks.

That’s what I told Bjorn, the Director of Marketing of Janus, when I contacted him on nxtchat.slack, in their #janustoken channel, and proposed this interview, my first in a series of asset issuer interrogations. Bjorn agreed to do the interview and, after reading the questions, decided to let lobos, Janus’ director of technology, Robert Gasch, join in the conversation as well.

Here’s the result.

ae-knifed

Q & A

Anonymous

Q: Bjorn, you have chosen to be anonymous. Why?

Bjorn: Due to current employment and the country I live in, I’ll be anonymous until Q2 2017.

I gave my passport to the Nxt Foundation though, that’s not a public fact but I’ll tell you that its encrypted and they have it.

Q: Who did you send it to?

Bjorn: evildave

Ad1: Dave Pearce, Nxt Foundation Board Member, has confirmed to me that he received a passport scan from Bjorn. I quote: “I can’t guarantee with 100% accuracy that it’s genuine, obviously, but we have also checked and confirmed the IDs of Robert and Luis, and they are genuine. Robert and Luis both know Bjorn in real life, so if something goes wrong, they will also be able to track Bjorn down.” 

Q: You’ve promised anonymity to tokenholders, yet Janus will become a registered company in Q1 2017, according to your roadmap. You have sought advice from “some legal experts”, you say, but “the finer details are still to be investigated”.

Why would any government allow you to pay out dividends to anons?

Bjorn: As a company most governments would not. To cover the majority of countries we are proposing to handle this in a way to reduce the generally imposed KYC that a company direct profit sharing would demand. For Janus token holders, the net profit will be distributed by one of the company co-owners as an individual and not as the company itself to allow those receiving profit sharing to retain anonymity.

Lobos: After deliberation with the lawyers we asked, we would lean towards the option of transferring the profits which are to be paid out to a company executive who would then distribute them using blockchain technology, as a person. This would sidestep the issue of the company directly performing this profit distribution but also shift legal responsibility to the designated executive. (the last word on this subject has not been spoken yet; it turns out that this is a much more complicated question than we originally anticipated which also depends on the jurisdiction in which the company is formed).

Q: You are working in the grey zone, I guess we can agree on that. What happens if regulations kick in?

Lobos: If and when regulations kick in which make the above proposed (and any other reasonable) method impossible, we would at this point lean towards a buyback program.

Q: A scenario could be that you would have to ask asset holders to give you their personal information. Message tokenholders via the blockchain and give them the choice to either hand over their personal details to you or sell their tokens (buyback option/sell on market). Then re-issue the Janustoken, on an Ardor KYC child chain in Q3 (if available by then) and distribute this new token to those who registered.

Bjorn: If this becomes an available choice, and doesn’t impede the distribution of profit sharing it can be altered to accommodate KYC, yes. The buyback could very well be the easiest route in the event of severe legal implications.

lobos: As a matter of fact, we believe that a buyback could be structured in such a way that it would take the place of the profit sharing.

Q: The thing here is, it’s not only your ability to launch grow and run a business we have to trust with our money. It’s a promise that you can run a registered business and we can be anonymous investors. Would you close the business or ask us to provide our personal info if forced to make the choice?

Bjorn: We would find an alternate method, more than likely what was proposed above and allow buyback options for Janus holders. There is always a way to protect users as long as everyone is willing to take the extra steps with us to do so.

Backstory: Betterbets.io

betterbets-site

Q: I have sent a message to Luis and Robert on LinkedIn, asking them to confirm that they’re related to Janustoken and BetterBets.io, because they don’t mention it on their LinkedIn CV’s. Also, BetterBets’s “About Us” page does not mention any of you. Can you prove that the betterbets site is yours? In some cases, when new asset issuers have wanted to provide proof of their identity, they’ve made a small change to their existing website, for example the “About Us”-page. Could you do that?

Bjorn: Yes we can. (it’s now added as of 5 minutes ago) Bottom right of the BetterBets.io landing page links directly to the Janus sale site and we have added this to the BetterBets about us page as you suggested.

Ad2: I have received a DM from Robert and Luis via LinkedIn and they confirm their active involvement with BetterBets and the Janus project. 

Q: You’ve said that BetterBets is in the top 5 of BTC dice/casino sites. When googling betterbets, I haven’t found you on any top list. I found a 5/5 review though, with a referral link to your site.

Bjorn: The google search would reveal paid ratings sites, we go by verifiable volume which is done by third parties such as www.dicesites.com. This site is and has been for years a true bitcoiner’s source for real casino data and provably fair thats been tested by the industry leaders who invented the methods used to calculate the provably fair methods used today. It’s an unpaid source and created by forum user NLnico who has been a long time community member to uphold security and proper business practices. He’s even done security work for Bitcointalk owner Theymos so this is not taken lightly when he approves a site for admission. The true top 5 sites changes often, one week we are #2 the next #7, the next #3 the next #10. This does vary but strictly averaged BetterBets is top 5.

Lobos: If you factor the volume we processed on Bettebets (68k BTC) and take into account the fact that we only launched approx. 18 months ago, you will see that we have been quite successful when compared to some of the casinos which have been around for years.

Q: Please elaborate on your success. You’ve moved around 47M dollars?

Bjorn: This is correct at this date BetterBets has achieved : 68806.33 BTC in betting volume since opening in May 2015. This site (thebitcoinstrip.com) isn’t completely current but gives some backstory as well.

Q: You’ve said that betterbets is a model of how the Janus project(s) will work (Janus will be a conglomerate of course, so there will be multiple companies, not just one, earning profits to Janus investors). Relevant to this (and to back you with trust), you’ve brought some of BetterBet’s early investors into the Nxtchat.slack.

Bjorn: The stakeholder program we created was actually 40 total spots not 20 (I may have misspoke in chat) and investors were able to purchase each spot for 5 BTC apiece (200 BTC total). One group close to us purchased half (20 spots) to secure their portion of the revenue from BetterBets. This investment and profit sharing will end in Q1 2018 as we have stated to all stakeholders.

Q: In the crypto investment space we’re used to new people dumping into IPO and ICO threads. They come with no backstory, yet they are all happy to buy into the project. Wouldn’t miss this opportunity for anything in the world. In other words, they are sockpuppets, accounts created to pump the ICO.

I’m not saying that @merk, @ropes, @kushed, @l3gionario, @bitcoinpot and others are sock puppets. But noone cares to ask them any questions. Why? Look at this:

You write that your investment offering to betterbets investors was minimum 5 BTC per slot, 20 slots in all. They sold out in 6 weeks.

bjorn_bb [9:37 PM]
now they are here and investing in Janus haha
it’s been a positive experience”

bitcoinpot [12:26 PM]
Hey there everybody, am here thanks to Janus team …being one of their stakeholders at BetterBets.io project consider myself lucky for having the opportunity to fill one of their stakeholders position avaliable already received back ( always on time – 1 day of the month) more than 50% of my initial investiment after 7 months of dividend sand I have still 17 months ahead

Q: Taking your word for it, 200 BTC was invested in betterbets within 6 weeks and everyone is on track to a full ROI in 4-6 months. Now, today with 1 day left of the 8% early investor bonus period for Janus, a total of 16.8 BTC has been raised, including NXT investments and new BTC investors.

I can ask the aliases in Nxtchat why they haven’t invested (more?) yet, but do you have thoughts about this issue yourself?

Bjorn: The only thing I can think of as to why some have not invested is really because we didn’t push investment into Janus on them, we showed them the details, the project and gave them insight as to what was coming but I didn’t direct sell it to any of them. My goal was to see if they had interest based on what we made public and decide for themselves. If I were to speculate I’d say some may not be in a position financially to invest, or are waiting until further into the token sale. Some previous stakeholders have invested. One is currently the largest investor in Janus up to this date. It’s impossible though to state exactly why, however, some of them are very busy or private and rarely even make contact as we have run a tight investment, and they probably never feel the need to enter the private slack we made available to them.

Lobos: Some of our investors are quite private and hardly communicate with us. I think the general feeling for Janus is that a lot of people are sitting on the fence waiting to see how it develops (less in terms of the token sale itself, but with regards to how we are able to communicate the story and whether we are able to hold up to the scrutiny which has been coming out way). Also, with the token sale having a set time limit (and for now not being in any danger of being sold out) there is no rush for them to dive in. From a personal perspective, I can say that I’ve never been a fan of diving into an ICO early on).

bct-betterbets

Source: https://bitcointalk.org/index.php?topic=1677509.msg17008011#msg17008011

Nxt vs BTC dividends

UPDATED: Due to a recent change of plans in Janus’ ICO and token distribution method (as announced on December 5th, 2016) some of the Q & A’s below are outdated. I have striked out the irrelevant parts.

TL;DR: Keep your Janus tokens in a local Nxt account at the time dividends are sent. Dividends will (for now) be paid in NXT. You can read more about this and get the latest Janus insights here

Q: The Janus token is issued on the Nxt Asset Exchange (AE) and you will use the dividend mechanism for distribution of BTC (not SuperBTC) to BTC accounts. Can you elaborate on this?

Bjorn: Janus exists on Nxt as a token and will be publicly traded on both the AE and traditional centralized exchanges. We have contacts in some exchanges and hope more will become available in time to allow greater platform trading. The method for receiving profit sharing will actually be executed outside the dividends feature, we will convert the Janus token site to allow all Janus holders present and future to create an account then input a BTC and their Janus/Nxt account addresses to receive their portion of profit sharing. It will be a simple verification of their Janus balance then sending BTC to the address users provide based on Janus amount owned. 

Q: Have to wrap my head around this; so only tokens which are held in a local Nxt wallet at the time of the verification snapshots and which have also been registered on the Janus site (to connect the Nxt account ID with a BTC address), will receive dividends. Token holders with Janus tokens on central exchanges (and Janus tokens bought on the Nxt AE but not registered on the Janus website) will not receive dividends. NOTE that the centralised exchanges could register their Janus token Nxt account on your website too and the exchange would receive the dividends.

Bjorn: Correct anyone who chooses to purchase Janus and also wishes to receive dividends needs to register their account on our site and add a receiving BTC address, this does mean that anyone, exchanges included could do this. I have a feeling that in the event we get on larger exchanges they would be willing to credit user accounts the BTC from profit sharing out of fairness. I’m also sure some smaller exchanges would keep it for themselves, unless their users demand they credit traders accounts.

In my humble opinion if profit sharing is significant people will have no issue using this method to reap the rewards of our work.

Q: Would Janus keep the dividends for non-registered token holders or pay all dividends to the registered token holders at the time of the snapshot?

Bjorn: We will pay all dividends out to those registered with Janus account and BTC address at the time of the snapshot.

Q: You’ve mentioned that the Janus token may be incorporated into some of your future sites. Can you elaborate on this?

Bjorn: One method to incorporate Janus on some of our sites will be similar to using a rewards model. Without a user having to understand anything technologically about blockchains, it’s very easy to allow ‘reward token’ (which would in fact be Janus tokens) to be used to redeem or send to other users on specific sites we are launching.

The main focus when our team enables features of this nature is to reduce any of the thinking associated with new technology, the way it will be used may not even indicate that it is a Janus token by name, although the underlying fact is that it will be Janus and using Nxt/Ardor blockchain for accounting.

Final Round: The FUD

dont_panic_button

Q: NXT price goes down. Will my Janus tokens lose value?

Bjorn: Our speculative answer is no, Janus derives nearly all its value from our business sites (and announcements of), therefore it is almost independent of any platform in regards to inherent value.

Q: Nxt Foundation gets 5% for acting as escrows. When will they release the funds?

Bjorn: The Nxt Foundation will release funds when all Janus tokens have been credited to the accounts from all participating people in the token sale and all bounties and associated rewards have been paid to participants.

Q: If they release funds after you’ve distributed the tokens to investors, how does this guarantee that you won’t run away with the funds? The AE token cost you 1000 NXT to issue, it would make you a very decent ROI.

Bjorn: We only have our reputations and word to guarantee this, we have a running blockchain based business that people depend on currently to do well, it could be used as leverage were we to run away. Also our core team for Janus 2 of 3 are now public, and Robert is co-owner of everything we do.

Lobos: I have been a professional software developer for 25 years and have worked on quite a number of enterprise-grade and mission critical projects. My work record is impeccable and no matter what happens to the token sale, I intend to emerge with my reputation intact; if for some reason this won’t be the case, it will severely impact my future employment prospects which is not something I am willing to risk.

Q: Nxt is controlled by a dictator doing hardfork attacks all the time. It’s a proven fact. What will you do when Nxt API changes and your services break?

Bjorn: Hypothetical question?

apenzl: FUD.

Bjorn: Our primary goal for all holders of Janus is security and longevity with the means to track users tokens held to deliver proper profit sharing percentages. We will adapt or use any platform necessary to carry this out, Nxt was chosen specifically for it’s secure and proven track record though. Janus will adapt if needed to any threats.

Lobos: One of the reasons we are donating 5% of token sale proceeds is that we wish to help put the Nxt foundation into a position which will enable it to continue the stewardship of the Nxt blockchain and its associated technologies.

Q: It isn’t guaranteed that Ardor will launch. Might be vaporware. Are you going to stick with old Nxt when Ardor doesn’t happen but other fancy fast scalable blockchain 3.0 solutions launch?

Bjorn: The best part of Janus is really the fact that platform choice is more of a convenience than mandatory, profit sharing is delivered in Bitcoin, and using Nxt currently to track Janus tokens per account. If at any point a new method to track distribution of Janus owned is needed, we will make this happen, even if it means launching our own private blockchain. We personally hope this never happens, because one of the great things about Nxt/Ardor is the developers and foundation. They put so much of their time and lives into the Nxt platform, thus allowing groups like the Janus team to focus on the use of their hard work and efforts. Our team believes in using the tools available to achieve success, this is why our focus is on business and not trying to advance a technology that’s already a decade ahead of mainstream adoption.

Lobos: We can only re-iterate that Janus is not a blockchain technology play but a business play. The underlying blockchain technology is actually quite irrelevant to us as long as it is actively maintained and supported. NXT has an impressive track record in this regard which is the primary reason why we chose it as technology base for Janus.

Q: Look at the Waves ICO. No code but pretty pix and promises at the time. It made them 16M USD equivalent. People like GUIs. It’s the same with Komodo. grewal posts screenshots of an easyDEX GUI and the crowd goes wild. Could we ask Janus for something to look at? A screenshot of the GUI from one of your promising projects. You plan to launch a business in Q2, you must have something. As long as it doesn’t give away some “secret”, could we have a look?

Bjorn: Yes, and we plan to show at the bare minimum, some of the things our framework for sites to come looks like. Including projects already using some of this in the wild now.

Lobos: Having been a software engineer for 25 years, I can not stand to simply push out code which just happens to work and is a complete mess. As such, one of the things I have done is to develop a framework which allows for a modular codebase and avoids the mess that monolithic codebases tend to become over time. The first public site implementation based upon this framework is actually the Janustoken.com site.

In addition to this, I have developed and own the copyright to code which can be used to implement Realty and eCommerce sites. This code has been implemented over the course of many years and has evolved to handle complex business logic while retaining its flexibility. Unfortunately the code has been written for a legacy architecture and needs to be refactored to properly fit into our new framework, but refactoring a codebase is many times easier than writing one from scratch, especially so if you can preserve the business logic which has evolved over the course of many implementations.

As a final point: over the past three to four years I have mostly been busy working on contract basis, mostly utilizing proprietary frameworks for large-scale customers. I can point to sites such as https://ice.com , http://vulkan.com, https://www.worldshop.eu and many others that I’ve helped implement. The most active site running an ancient version of my realty package is http://www.lrossa.com, a major booking engine for the region of Istra in Croatia.

Ad3: I have checked to my satisfaction that lobos (Robert) has been involved with the development of the sites mentioned above.


JANUS UPDATE:

ICO “CANCELLED” –
JANUS IS TRADING ON THE NXT AE

December 5, 2016

On December 5th, the Janus Team decided to stop the ICO and return all funds raised to their investors. Read details about the refund HERE.

Bjorn_bb writes:

The pace of the original sale was not going to reach 3500 BTC as was required to allow for such high revenue dividends, therefore we took a decisive course to allow investment directly here: https://www.mynxt.info/asset/4348103880042995903

Details:

[ICO] Janus on the Nxt AE

UPDATE 2:

Dividends are being paid monthly, 90% $NXT from BetterBets.io | 10% $ETC from https://etcbets.com, and their planned businesses are being built, the roadmap is being followed.

Latest updates:
https://nxter.org/ae-janus-4348103880042995903

Website: https://janustoken.com/
Bitcointalk: https://bitcointalk.org/index.php?topic=1677509.0


Disclaimer: This post is for general information and news purposes only. It does not take into account the reader’s personal circumstances, objectives, or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, representation, or endorsement by the author or the website owner and should not be relied upon when making (or refraining from making) any investment decision.

Nxt [CORE]: Asset Exchange

The Nxt Asset Exchange (AE) is Nxt’s built-in decentralized trading engine. Using the AE you can create, buy and sell assets that represent data beyond simple coin transfers – opening up wide-ranging possibilities. Also, you can pay dividends to your investors with a single click and only a 1 NXT fee, or you can transfer or burn any amount of assets if you need.

Coloured coins

The AE is based on the ‘coloured coins’ concept whereby a coin or a set of coins can be designated (‘coloured’) to represent something-else. By contrast, many crypto currencies only ever operate as just that  – currencies, and nothing more. However, since the blockchain provides a trustworthy and permanent ledger of all transactions, it can be used to record far more diverse information than purely currency transactions.

NXT was designed and built to leverage this coloured coins idea. NXT coins can be designated (‘coloured’) to represent other crypto coins, stocks/bonds, property, commodities, or even ideas. As a result, the NXT network can be used to trade almost anything. It currently costs 1,000 NXT to issue an asset, and just 1 NXT in transaction fees to buy or sell them.

issue-asset-nxt-ae

Find a Nxt AE guide here

NXT assets

These crypto-assets can gain significant market cap, and many of them are listed on CoinMarketCap.com. In fact, since there are now so many, CMC has created a new page exclusively for assets, a high proportion of which (more than 70%) are, in fact, NXT assets. Many of these were launched by jl777, including SuperNET, NXTventure and InstantDEX. Others include Jinn and NXTTY.

As well as trading on the AE against NXT, some of these assets can now be traded against BTC on the BTER and Poloniex exchanges. SecureAE.com – an online NXT wallet that puts the Asset Exchange at the centre of its functionality – also allows trading on the AE with Bitcoin.

Examples

There are, of course, many different applications for assets, with hundreds already available. Here are just a few interesting use cases.

Mining

At present, the most common use of the AE is to create and trade dividend-paying assets – effectively shares of revenue-generating companies. Issuing an asset is a popular way of raising money for a new project. For example, mining enterprises can raise capital to buy ASICs by issuing and selling assets. The mining rigs using the ASICs then generate income in the form of Bitcoin or other PoW coins, which is exchanged for NXT and paid out to asset holders as dividends every week.

USD-pegged asset

Coinomat’s USD asset is tied to the US dollar. The idea is that this can provide a degree of stability within a crypto-portfolio, without necessarily having to cash out by selling the assets and transferring the money to a bank account (with the costs, time and inconvenience which that would entail). It also means that you can send USD over national borders for just a 1 NXT fee. Using Coinomat’s service you can withdraw your USD assets to any VISA / Mastercard.

Of course, the CoinoUSD asset’s utility/value depends on Coinomat honouring its promise to redeem it, and would be worthless if the company failed to do so; the concept therefore requires centralization to achieve its aims. You can read more in this article or on the NXT forum.

Reward points

Nxterpoints (NXTP) are reward points given to people who contribute to nxter.org. Every month, Nxter.org dividends out its net profit (generated by advertising, store sales and services fees) to all NXTP holders: writers, translators, editors, graphic designers, site developers etc. This means that any person who is having an influence on nxter.org’s net worth, gets monthly rewards in NXT through the asset exchange according to their contribution to the income. The dividends are transferred to their Nxt account for as long as they own the Nxterpoints, which can of course also be traded on the AE. You can read more about this groundbreaking reward concept here.

Company shares

Coin IPOs are commonplace in the crypto world, and after doing just a little research in the field you should realize that some of them are scams. It can’t be overstated that you must ALWAYS do your due diligence before investing in anything.

On the AE, it’s important to distinguish between revenue sharing assets and assets representing ownership (including voting rights) in companies. Here are some examples of each type:

Revenue sharing assets include BGCaffe, a South African café (with plans to expand), Lyth; an upcoming MMORPG based on Nxt features; FinHive (AI on the Nxt blockchain); Pangea, a decentralized poker game; Coinomat, an exchange accepting Nxt, Tradebots (NxtCoinsco) and a lot of revenue sharing mining assets.

Company stocks (shares of the entire company) include examples like Jinn Labs (which is developing a general purpose processor based on ternary logic); SuperNET; Nxt Mobile Applications Company (the company behind the Nxtty mobile messaging app), and more.

Crypto backed assets

mgwBTC, for example, is a crypto backed Nxt asset representing Bitcoin. mgwBTC is used by Multigateway, the distributed cryptocoin exchange developed on top of Nxt by jl777. You simply transfer your Bitcoins (or LTC, BTCD and what other coins are supported) to an address generated by the multigateway, and these are automatically made tradeable in the MGW exchange and on Nxt AE.

Software licensing

toknormal describes an example from the software development industry.

I am an independent software developer and I plan to use the NXT asset exchange to issue software licenses as follows:

[1] – a licensing component in the software makes a call to the NXT network and creates an account (instantaneous).
[2] – it writes the private key to disk and informs the user of the account number.
[3] – the user purchases one license unit from the NXT asset exchange.
[4] – on a subsequent launch (or periodically) the software detects the presence of the appropriate asset in the account it created for itself and considers the installation licensed.

InstantDEX: addition to the Asset Exchange

Nxt is among the fastest cryptos with 1 minute block times, compared to Bitcoin’s 60 mins. To some though, even this may not be fast enough. Step forward InstantDEX: A Nxt 3rd party service, and now also a core service of the innovative SuperNET project, which aims to provide its users with nearly instant transactions. It’s also an asset which will dividend out a percentage of the commissions  generated by the service; currently, it’s paying asset dividends to its investors from its holding of NXTventure.

jl777:

With the NXT AE, people are able to trade things, but there will be the blocktime to wait. 1 minute usually, but sometimes could be more. Also 1 minute will feel like a really long time if the market is changing dramatically.

The goal of InstantDEX is to offer realtime trading of NXT, NXT assets and other cryptos. there won’t be any centralized servers, there won’t even be an actual website as the GUI will be running locally. Just direct peer to peer trading in realtime.

The monetization model is very clear and simple. InstantDEX will not have any fees for withdrawals [or for changing a bid or ask] and the commissions will be set to 0.1% at first.

Caveat emptor!

The AE is completely decentralised and completely unregulated. The substantial benefits this offers – freedom, cost savings, lack of intervention, and so on – also come at a price. There is no hand-holding or policing, and scam assets can be and often are created. Whilst the community generally picks up on these relatively quickly, if you make a mistake then there is very little recourse as transactions are irreversible. As valarmg puts it, ‘When an unknown issues a new asset, it should be treated in the same way as a ‘Nigerian prince’ sending you an email. After a week of due diligence, maybe people could start thinking about buying assets.’

The bottom line: research, research and research. If a long-standing member of the community with a proven track-record issues an asset, there is more reason for confidence than if a newcomer does – no matter how impressive their sales pitch. Ultimately, the responsibility to check out an asset, its issuer and business plan is yours.

Nxt is a versatile, open source cryptocurrency platform. In this Nxt CORE article series we will dive into the main 2.0 features of Nxt. The first article was about NXT, the token itself, the second about Nxt ALIAS system, and the third about Nxt Arbitrary Messages. Upcoming: Nxt Marketplace (DGS), Nxt Monetary System (MS).

The information contained in this article does not constitute (and is not intended to constitute) any form of advice, recommendation, representation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.

Relevant links

Nxter.org/assethub

Nxtforum asset board
Sorted list of premium assets
Guide: How to use Nxt Asset Exchange

Read other articles from the Nxt [CORE] article series.
Also see: Nxt – The Economy Platform – Usecases for everybody

This article is also available in French.