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[ANN] Jinn singapore
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Author Topic: [ANN] Jinn  (Read 341773 times)

Triangle

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Re: [ANN] Jinn
« Reply #820 on: December 25, 2014, 10:09:19 am »

Yes, the answer to this question is very important - if JINN is sold for x number of dollars, a fund should be created from which the asset holders can claim their x% of DOLLARS (or whatever was used to close the deal) from.

It would be disappointing if I held X% of JINN and it sold for 20 billion dollars which I never got a % of in any meaningful way. But, I hope the team will do the right thing - we support the project and hope in turn that everything works out for all parties involved!


I've been wanting an official answer to this question. If the dream scenario happens and Jinn is a very successful company and gets bought out for Billions how will the asset holders get their share? Or Jinn does not sell out but is making millions in profit how will profits be distributed? It is extremely unlikely Nxt will be a liquid enough currency to distribute the payout equivalent to Millions or Billions in USD.

If my share of Jinn tokens are worth in the millions of dollars I would have no problem providing my real life personal info and proofs to get my check. Is that what would happen?


Understandably, this question is the one we get most often. So let me again reassure anyone who is concerned: yes if we are either bought out for X sum or making profits of Y, then the Jinn-token holders will get the equivalent percentage released to them. Exactly how we will do this is not worked out yet, simply because the liquidity of Nxt does not allow for such a scenario at this point.

Most likely the scenario will evolve in the lines of what rtrtcrypto is asking. I.E. we'll need to get the real life personal info and then sign up the contracts and transfer over profit-shares. Of course Nxt could also blow up by then and make it possible to pay out via Nxt, but be sure that no matter what we'll find a solution that works for Jinn token holders.

We are very grateful and happy to those who believe in us and supported us via the auction!
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gs02xzz

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Re: [ANN] Jinn
« Reply #821 on: December 25, 2014, 01:03:23 pm »

Nice update! Thanks!
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rtrtcrypto

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Re: [ANN] Jinn
« Reply #822 on: December 25, 2014, 02:13:04 pm »

Thank you for this - I'm happy to hear this stated explicitly. Looking forward to years of computational progress created and undertaken by JINN!


Yes, the answer to this question is very important - if JINN is sold for x number of dollars, a fund should be created from which the asset holders can claim their x% of DOLLARS (or whatever was used to close the deal) from.

It would be disappointing if I held X% of JINN and it sold for 20 billion dollars which I never got a % of in any meaningful way. But, I hope the team will do the right thing - we support the project and hope in turn that everything works out for all parties involved!


I've been wanting an official answer to this question. If the dream scenario happens and Jinn is a very successful company and gets bought out for Billions how will the asset holders get their share? Or Jinn does not sell out but is making millions in profit how will profits be distributed? It is extremely unlikely Nxt will be a liquid enough currency to distribute the payout equivalent to Millions or Billions in USD.

If my share of Jinn tokens are worth in the millions of dollars I would have no problem providing my real life personal info and proofs to get my check. Is that what would happen?


Understandably, this question is the one we get most often. So let me again reassure anyone who is concerned: yes if we are either bought out for X sum or making profits of Y, then the Jinn-token holders will get the equivalent percentage released to them. Exactly how we will do this is not worked out yet, simply because the liquidity of Nxt does not allow for such a scenario at this point.

Most likely the scenario will evolve in the lines of what rtrtcrypto is asking. I.E. we'll need to get the real life personal info and then sign up the contracts and transfer over profit-shares. Of course Nxt could also blow up by then and make it possible to pay out via Nxt, but be sure that no matter what we'll find a solution that works for Jinn token holders.

We are very grateful and happy to those who believe in us and supported us via the auction!
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bubbletea777

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Re: [ANN] Jinn
« Reply #823 on: December 25, 2014, 02:50:40 pm »

How big is the official team now?
i understand that making processors is a world different compare to producing software, experts with real experiences in the field are needed before Jinn labs can start thinking about factory and manufacturing. I mean making chips requires something more tangible right? ;)
« Last Edit: December 25, 2014, 02:56:55 pm by bubbletea777 »
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #824 on: December 25, 2014, 02:53:40 pm »

How big is the official team now?

Define "official", please.
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bubbletea777

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Re: [ANN] Jinn
« Reply #825 on: December 25, 2014, 03:03:13 pm »

i meant "full time" employees/ active contributors/ more committed to the project..
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msin

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Re: [ANN] Jinn
« Reply #826 on: December 25, 2014, 09:08:56 pm »

Understandably, this question is the one we get most often. So let me again reassure anyone who is concerned: yes if we are either bought out for X sum or making profits of Y, then the Jinn-token holders will get the equivalent percentage released to them. Exactly how we will do this is not worked out yet, simply because the liquidity of Nxt does not allow for such a scenario at this point.

Most likely the scenario will evolve in the lines of what rtrtcrypto is asking. I.E. we'll need to get the real life personal info and then sign up the contracts and transfer over profit-shares. Of course Nxt could also blow up by then and make it possible to pay out via Nxt, but be sure that no matter what we'll find a solution that works for Jinn token holders.

We are very grateful and happy to those who believe in us and supported us via the auction!

Great update, thanks Triangle.  I would say that if Nxt doesn't have the liquidity, then perhaps issue an MS coin for paying dividends, one that could be convertible to BTC, or just pay directly in BTC.  I think the crypto landscape is going to look a lot different by the time you are ready to sell or pay dividends and Nxt will be much more valuable. 
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Berry

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Re: [ANN] Jinn
« Reply #827 on: December 25, 2014, 09:44:27 pm »


Nice update. Thank you.

I have such a good feeling with this project.
That´s a complete different world to the standard crypto stuff.

Good luck guys.
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Breasal

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Re: [ANN] Jinn
« Reply #828 on: December 26, 2014, 09:27:31 am »

Great update, thanks Triangle.

Jinn Labs is in a fantastic position as IoT takes off! I am a very proud holder of JINN on the NXT AE. I am especially stoked as I was one very lucky bidders at 85 NXT for the dutch auction launch (a number long gone and really jaw dropping as development continues)  :)

Your Christmas day ANN was the best present I received this yeat. Jinn is going to bring much fortune to holders if your guys take the right steps. Along with that, NXT is going to gain tremendous recognition to the outside world regarding AE's potential for physical product companies' using the NXT AE for IPO in place of traditional markets.

Good luck in the patent process and here's to a very successful 2015.
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Jimmy2011

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Re: [ANN] Jinn
« Reply #829 on: December 26, 2014, 10:30:58 am »

@Triangle  It's reported that IBM is working on graphene chip and got some great results. So what do you mean as talking about interest on nanotube/graphene? What it is meant to Jinn? Any great new design for that, or you will just consider and adopt the new material and new process? Thanks for the update!

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durerus

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Re: [ANN] Jinn
« Reply #830 on: December 26, 2014, 10:05:36 pm »

Wow! The price is booming after the ANN update. I am happy to have caught some shares at IPO and short after. Hopefully you will reach all your goals :)
« Last Edit: December 26, 2014, 10:41:51 pm by durerus »
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_mr_e

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Re: [ANN] Jinn
« Reply #831 on: December 26, 2014, 10:36:20 pm »

Wow! The price is booming after the ANN. I am happy to have caught some shares at IPO and short after. Hopefully you will reach all your goals :)
Which ANN?
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durerus

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Re: [ANN] Jinn
« Reply #832 on: December 26, 2014, 10:40:41 pm »

Wow! The price is booming after the ANN. I am happy to have caught some shares at IPO and short after. Hopefully you will reach all your goals :)
Which ANN?

Oh sorry, I meant the update. Bad english  :D
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Triangle

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Re: [ANN] Jinn
« Reply #833 on: December 27, 2014, 06:08:25 am »

@Triangle  It's reported that IBM is working on graphene chip and got some great results. So what do you mean as talking about interest on nanotube/graphene? What it is meant to Jinn? Any great new design for that, or you will just consider and adopt the new material and new process? Thanks for the update!


As of right now we are exploring all avenues, but the mass-production and affordable cost for graphene nanotubes is currently prohibitive. But we're paying close attention to it, as we'll obviously have to renew and adapt constantly
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qqNxt

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Re: [ANN] Jinn
« Reply #834 on: December 27, 2014, 08:03:10 am »

Quote
https://nxtforum.org/trading-exchanges/sgtbulk-jinn-assets-pm-offers-only/
If anyone is interested!

I'm very glad I had bought into the ipo. But I also believe to hold less for better distribution and in return may end up with a more valuable holdings so I'm profiting some out, unlike some early nxters. ::)

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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #835 on: January 02, 2015, 08:37:49 pm »

A small tech update

We are beginning the next stage - prototyping in hardware. This will require design of basic ternary elements with transistors. Then we are planning to manufacture them in Belarus. And then I'll compose the circuit at home. In the end we should get a device that will do the work of a single Jinn core.

This is only one of the routes of Jinn Labs. Other routes are Jiniri Unlimited, Abracadabra compiler, Aftermath (proof-of-concept game) and some theoretical/academical stuff.

Btw, I used Nxt AM feature to store the hash of a "know-how" (I like know-hows :) ) - https://nxtblocks.info/#section/txid/5612329234890779456. It's related to a ternary element with very low energy dissipation. Pity that I can't use it in the prototype, first we need to patent it but this will take a lot of time and money.
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artik123

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Re: [ANN] Jinn
« Reply #836 on: January 02, 2015, 08:52:21 pm »

...first we need to patent it but this will take a lot of time and money.

Have you heard about PPA(Provisional Patent Application)?

It has a very low fees ($65-$260).
You only describe the technical aspect, while the claims aspect comes within 12 months period after that.
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Come-from-Beyond

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Re: [ANN] Jinn
« Reply #837 on: January 02, 2015, 08:55:22 pm »

Have you heard about PPA(Provisional Patent Application)?

It has a very low fees ($65-$260).
You only describe the technical aspect, while the claims aspect comes within 12 months period after that.

Personally, I haven't. Thank you for the info.
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rlh

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Re: [ANN] Jinn
« Reply #838 on: January 02, 2015, 09:21:48 pm »

If/when you create proto-hardware and are finished using it for testing, I'll pay good money for the unused PCBs, or no longer needed prototype modules.

I collect hardware and whether Jinn succeeds, or fails, I'd gladly display some of this equipment on my shelves because it's revolutionary, regardless of it's level of acceptance.

I can't pay the rate that it costs to make this stuff but, after working in electircal engineering for a time, I've come to observe that when you are ready to release, you have piles of prototype hardware that you often trash.

Please don't trash it, but share it with us collector nuts. ;)
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gs02xzz

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Re: [ANN] Jinn
« Reply #839 on: January 02, 2015, 09:33:32 pm »

Please don't trash it, but share it with us collector nuts. ;)

I'd like to have one too. :)
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