Jibbit: Blockchain Meets Cannabis
We are bringing the next 200m people into the crypto community
Hermann has been a senior financial journalist, in Germany, since 1969, where he has been observing events on the national and international financial markets. He has been working for the publishing
group Handelsblatt for more than three decades as senior editor and editor-in-chief, and has built up the financial newspaper of Handelsblatt, including a page featuring raw materials, among others. This ‘dinosaur’ of the Stock Exchange is also known for his comments in the electronic media, especially at n-tv, as well as for
lectures and presentations on stock market days and at investor fairs. Kutzer can rely on his wide-ranging network of private investors and institutional players in the financial markets. In addition to his advisory work for JIBBIT GmbH, he is also responsible for market reporting on the JIBBIT token sale.
Work experience: Handelsblatt , TV Moderator N-TV
Christian Winkens studied computational visualistics and graduated as a computer scientist. Since then he has specialized in sensor data evaluation, autonomous driving and machine learning as well as deep-learning. For more than 12 years he has been developing
and a supervising numerous web portals. Christian has also been working in the field of cryptocurrency and blockchain technologies for over 3 years.
Experience: Diploma in Computer Science, University Koblenz
Simon Milz is the founder and chairman of the Management Board
of a typical tourism GmbH. In addition, has worked in IT for more
than 10 years. With his leading position as a tourism IT provider,
Mr. Milz has introduced new technologies, with his team of 28
staff, to look after well-known customers. He always engages himself
with the latest technologies, automated business processes
and artificial intelligence. He continually deepens this knowledge
at specialist conferences and training courses.
Work experience: Software Application Engineer, NVIDIA
Ralf is the CIO of JIBBIT GmbH. For Ralf, data is the new oil. With
the help of digitization, assets can be optimally used along the value
chain. As the CIO of JIBBIT GmbH, he is responsible for the
digital business models, both in the areas of cryptocurrency and
blockchain as well as the associated IT processes and also the digitization
and the data-base handling of our customers. As a graduate
computer scientist, he has more than 12 years of professional
experience and also has over 15 years of experience in the
capital and fintech markets.
Work experience: Solution Architect IT-Infrastructure, DAIMLER AG
Token Sale Leader
Marco is a businessman with 20 years of experience in various
fields, from film production to international trade. He discovered
his enthusiasm for blockchain 5 years ago, and expanded in this
field to start his own blockchain business. Cofounder of Make-it.
pro an advising and business development company. As community
manager for crypto investments, Marco has built up an extensive
network of influencers and investors.
Work experience: Cofounder of Make-it.pro
Social Media Admin
- Crowdsale (60%)
- Development, Marketing, Legal (20%)
- Advisors & Team (10%)
- Bounty & Airdrop (5%)
- Founders & Reverse (5%)
- Marketing (35%)
- Development (35%)
- Listing / Exchange (10%)
- Investments Cannabis Industry (10%)
- Others (4%)
- Others (6%)
Cost of the token1 token for 0.5 $
Price without discounts
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Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users5
The project uses Blockchain, which provides technological tools for creating the Jibbit ecosystem. In this network, consumers, producers and suppliers find each other. Each separate transaction is stored in an encrypted form in Blockchain and is available to anyone. Change or falsification of the stored data in Blockchain is almost impossible.
Manufacturers need a way to quickly and reliably deliver their goods and services to the consumer. Also Jibbit is used as a method of payment in the Jibbit network. It is a strong token for the growing community. Experience in marketing, as well as many years of experience in stock markets around the world, make the Jibbit team an absolute expert in the industry.
Risks and disadvantages
The project activity is related to the purchase and further sale of the cannabis. Using blockchain that provides full transparency and its own cryptocurrency for calculations in the system, the team hopes to win the cannabis market. However, it must be taken into account that this drug is banned in most countries, so such services will not have global coverage. And besides, use of the token for calculations is connected with the big risk, first of all in loss of its value.
I think this project will be able to succeed locally, in a country where the cannabis trade is allowed and at the same time there is already legislation regulating cryptocurrencies. Using blockchain technology gives a certain advantage to the company, but the lack of legislation on cryptocurrencies will slower the development of the project.
The solution is very relevant considering the current market state and the Team members background looks promising along with released prototype. Funds distribution and road map are also pretty decent.
Risks and disadvantages
Although the project looks fine there is still a room for improvement:
- The white paper requires more technical details, especially about the financial/business model, market placement, etc.
- The Team may consider adding other cryptocurrencies as payment methods.
I look forward to seeing this project go-live, however, some areas are required the Team attention.
There are many informative publications in press and numerous articles are planned to be add to icrease the awareness of jibbit token. Jibbit token is planned to be listed at several large crypto exchanges. Jibbit market place will be transparent and anonymous. Since discounts will be offered, the team expects that jibbit token will be a payment method of the first choice within the ecosystem, wich will lead to the increase of token's value.
Risks and disadvantages
I think that many like-minded investors will not support this project, because cannabis is not a product which can be sold anywhere.
The project aims to put together cannabis community and crypto community and the team expects that the cannabis market will be one of the fastest growing markets within the medical sector worldwide. The project has an elaborated strategy of penetrating the market.
Besides experienced team, there are also advisors and influential partners, such as TokenGate and CryptoTec. The platform offers discounts for early investors. That is good motivation for people. Only 10 % of all tokens are reserved for the team and its advisors. That index is not high, which is good. As a result, it will not be easy to manipulate the token rate, when it enters the market.
Risks and disadvantages
Roadmap is not precise. It is described in quarters. I wish it would be in dates. Despite the fact that, there are many social networks, where people can get information about the project, some of them are not active. For instance, Bitcointalk has only 3 pages from March 27.
I doubt whether the project gains global acceptance. As cannabis is illegal in different countries and Blockchain is also not regulated everywhere.
10% of the budget is allocated to the investment in cannabis industry, which will help to establish partnerships with manufacturers. And Legal & Admin fund (4%) is designed to guarantee legal assistance for the ecosystem to be always accompanied by the current legal situation. Buyback & Backup, which is 6%, will be used to buy Jib tokens on the exchanges in order to support the economy of the ecosystem, and to bring stability in order to guarantee gradual implementation of the plan.
Risks and disadvantages
There is no prototype or even demo version of the platform.
Proper budget allocation, where unforeseen sircumstances are foreseen, is a very important part. Combined with a good idea and a reliable plan of realization it will be a path to success for the team and community.
What is an ICO/ ITO ?
An initial coin offering/initial token offering is a type of crowdfunding based on cryptocurrencies and enables new projects to be realized.
What does Jibbit stand for?
JIB (Joint – Cannabis) BIT (binary digit)
Where can I find out more about the Jibbit project ?
You can get an overview of the project with the help of our onepager. In our Whitepaper here (link) you will find the Jibbit project described in detail, as well as on our website jibbit.io and in the Social Media.
When does the token sale begin and end ?
01.June 2018 – 30.June 2018 Private Sale
01.July 2018 – 31.July 2018 Pre Sale
01.August 2018 – 31. August 2018 Main Sale
Restrictions: Citizens of USA, Canada, The People’s Republic of China, and where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan can’t participate in the token sale . More information is available in Token Sale Term.
How can I buy Jibbit tokens ?
1.Sign up on our website www.jibbit.io
2.Confirm the registration by the link in the confirmation email.
4.choose the type of payment of your choice and the number of jib tokens you want to buy
5.Pay the amount to the displayed wallet
6.Run through the KYC procedure.
7.If the KYC procedure was successful, your new account balance will be displayed in the Jibbit login area.
8.If the KYC procedure determines that you are a minor or a citizen of the excluded countries, the amount paid will be refunded back to your wallet.
How does the the KYC procedure work?
After registering on our website and depositing on our wallet, you will receive a link for the KYC procedure, which must be completed. Follow the steps of our KYC partner to go through the identification process.
How much a Jibbit token cost ?
1 JIB = 0,05 USD
What is the minimum transaction amount for the token sale ?
The minimum transaction amount is $100.
How Secure is my data ?
We comply with all legal data protection regulations and do not pass on any data to third parties.
Is there a bounty program ?
Yes, More information on the bounty is available on www.Jibbit.io/Bounty
How long will my reservation be valid for ?
Reserved tokens will be valid for 24 hours.
Can I purchase less then I reserved ?
Yes, just send a lower payment amount.
Will any more Jibbit token (JIB) be issued in the future ?
No additional JIbbit token is issued in the future.
can I change my payment method after the reservation ?
Yes, you can change the payment method when you start the payment process.
What if I don't use my reservation?
No problem, we will not charge you any fee. Your reservation will be deleted automatically after 24 hours.
When does the listing of the Jibbit tokens occur on an exchange ?
Within 4 weeks of the main sale we plan to list the tokens on several crypto exchanges. Expected October 2018.
When will the Jibbit tokens be mined/ created and transferred to my wallet ?
The tokens are generated after the Pre Sale and transferred to the buyer within 4 weeks of purchase. Each supporter will receive the tokens before the exchange listing. This also applies to the tokens from the Bounty program.
Which payment methods are accepted ?
It is possible to pay with cryptocurrencies like Ethereum, Bitcoin and Litecoin. Euro, USD and instant transfer are also possible.
Cfn citizens of all countries participate in the token sale ?
No. Unfortunately the Citizens of USA, Canada, The People’s Republic of China, and where American embargoes and sanctions are in force, namely Iran, North Korea, Syria, Sudan can’t participate in the token sale . More information is available in Token Sale Term.
How can I detect scammers ?
We will report regularly about Scammer and how to recognize them. Also here you can see which admins there are officially in telegram and what to note. www. Medium