Frequently Asked Questions Javvy Crypto Solution FAQs
Check this post for instructions with screenshots: Adding a Custom Token, such as JVY, to MEW
Javvy plans to distribute all airdrop tokens within 1 month of the ICO closing (sooner, if we can easily distribute to the list of qualified participants). So, all airdrop tokens should be distributed no later than May 31, 2019.
Also note that we will be double vetting all airdropper by airdropping to the Javvy wallet associated with each user's email on file from the airdrop campaign. So, the user MUST still have access to their original email and must be signed up with a downloaded Javvy app using the same email. Note that access to the original wallet address, provided during the airdrop, is not required. All tokens may be immediately removed from the Javvy wallet, if desired, and sent to any ERC-20 supporting service, such as MyEtherWallet, etc.
The airdrop is over. When will I receive my Airdrop JVY tokens?
There was a BountyHive Javvy campaign where the massive token pool was shared among all participants. That campaign ended on March 1, 2019. The average earned by each participant was worth approximately $350 USD at the time of distribution. Distribution of those JVY tokens has already been completed.
There is an on-going Bounty0x Javvy campaign where users complete bounties for a specific amount of JVY tokens. Those tokens will be distributed once the ICO ends (on April 30th, 2019) or shortly thereafter. The distribution will come directly from Bounty0x. Members who participated in the BountyHive campaign and/or the Airdrop are allowed to participate in the Bounty0x campaign as well!
The short answer: First, and foremost, we are approaching cryptocurrency buying, selling, and converting from a compliance and regulatory standpoint, rather than simply providing a portion of the solution and/or simply focusing on the technology or marketing. Others have claimed to do the same, but they ended up trying to force their business and technology to be compliant and/or provided only a portion of the needed solution. In contrast, Javvy starts, first, with compliance and then builds upon that foundation to add all required pieces of technology and then add the marketing, for a comprehensive solution.
The long answer (in bullet format):
- When buying or selling cryptocurrency for national currency (FIAT), all traditional exchanges require crypto to be held by the exchange, in a wallet managed by the exchange. This presents a lucrative target for hackers, which have been extremely successful in stealing user funds from online wallets [1, 2] and online exchanges [3, 4, 5]. In contrast, the Javvy solution does not "store" user private keys, banking information*, or currency balances* (e.g. no access to funds).
*Except for optional services, such as free crypto transfers and debit card usage, where the risk is clearly spelled out.
- Existing traditional crypto exchanges enforces one-size-fits-all AML/KYC (anti money laundering / know your customer) policies that are too cumbersome and unsafe for consumers. Instead, Javvy abides by country-specific regulations to provide tailored requirements, which are far simpler and limits risk considerably.
- The Javvy exchange will support many national currencies (FIAT), chosen on a demand basis, to allow for the ability to serve niche markets and countries with fewer-to-no crypto exchange options.
- The wallet, itself, will set Javvy apart from other wallet solutions, with its beautiful, elegant, and intuitive design; but there are too many features and conveniences to list them all in this FAQ (see the Javvy homepage for details).
Bitcoin and all other cryptocurrencies are digital (not physical) assets, backed by a blockchain ledger. All cryptocurrencies are given value based on organic market demand, and since they are decentralized (not controlled by any government or authority); the value cannot be easily manipulated, like stocks, national currencies (USD, EUR, GBP), bonds, commodities, etc can be. If you want a LOT more detail, Wikipedia has a thorough definition here.
Converting Bitcoin and other crypto currencies to-and-from "CASH", using it in the real-world (e.g. international debit cards), in a simple, safe, and secure way are the problems that Javvy aims to solve with its crypto exchange and beautiful, elegant, and intuitive crypto wallet. Javvy will become the ultimate crypto solution.
Once the Javvy wallet is launched, with its buy and sell capability, consumers will be able to buy and sell Javvy tokens from within the wallet. Since the purpose of the Javvy token is to get IN or OUT of cryptocurrency, there should be no reason to buy or sell Javvy tokens outside of the wallet. However, it is typical of the crypto industry to list tokens on secondary markets. As a "utility token", Javvy is prohibited from seeking listings on secondary markets.
Please see our published cryptocurrency solution roadmap.