PROJECT OVERVIEW.
ICO date: 15th October to 15th November 2017.
Genesis Vision is creating a platform where investors can purchase tokens from any investment manager. The investment manager is judged based on his or her past trading performance. Successful managers with a long history of making profitable trades will be able to issue more tokens than investors with a shorter, worse trading history.
Traditional participants of FX and CFD markets are the target audiences of Genesis Vision.
BACKGROUND.
Genesis Vision wants to bring indispensable blockchain technology advantages to the long existing trust money management industry, which is currently suffering from fakers, unfair money managers, hidden processes and strong regulations. These factors cause limitedness due to the lack of information, the lack of transparency and consequently the lack of trust. And the Genesis Vision is a unique solution to these problems.
The Genesis Vision service will facilitate choosing the most successful trader, who can transfer traders’ capital to trust management with the hope that he will not make mistakes due to his experience and expertise.
The main mission of the project is to provide investors with true information about the performance of traders who provide trust management services. With Genesis Vision, all traders wins and losses reports are tamper-proof and available for public. Anyone can pick managers and start investing.
It is supposed to connect Forex brokers to the service, at least at the initial stage; conditions for licensing their activities are easier by an order of magnitude than licensing and regulation of brokerage activities in the securities market. However, in the future the possibility that the services will be scaled cannot be excluded, both to the securities market and to cryptocurrencies.
HOW IT WORKS.
Investing in a fund with Genesis Vision is as easy as choosing a manager, then buying your desired number of tokens from that manager on the platforms internal exchange.
The process of investment and profit distribution is transparent and carried out by smart contracts. Smart contracts are used to interact with integration modules, distribute profit between coin holders, create manager accounts, issue manager coins, register investors, and register a new broker, exchange, or fund.
Brokers can install an integration plug-in to integrate Genesis Vision with their trading platform. This is how brokers participate in the trading platform – they connect to Genesis Vision and enjoy increased trading volume thanks to Genesis Vision users.
Users will interact with the platform through a mobile and web application. The application allows investors and managers to perform all of the necessary actions, including viewing a list of managers, trading managers’ tokens on the internal exchange, investing in managers, and viewing the trading history of managers.
USERS.
Investors.
Investors do not trade in the market directly. Instead, investors transfer their funds to experienced traders who manage the funds for them. Investors get their shares from their managers’ profits.
Private Managers and Funds.
Management funds/traders are companies/individuals with a proven trading history, ready to acquire investors’ money for management. The profit, received as a result of management of the total funds, is shared proportionally between the managers and investors. Managers receive a commission for management and a commission from the profit (success fee).
For Brokers.
Brokers are companies that have the appropriate licenses to carry out brokerage activities. Through brokers, traders have access to trading financial instruments on exchange and over-the-counter markets.
GVT TOKEN USES.
The GVT token fulfils a purely infrastructural function. Users of the platform will convert their assets to GVT, select a manager, then transfer them to trust management. Thus the increase in token price will depend on the number of users on the platform and, accordingly, on the demand for the service provided.
ROADMAP.
HOW ADVANCED IS IT?
Genesis Vision says that they have partners that have developed software for brokerage companies. Their partner ‘Tools For Brokers Inc’ is servicing over 250 companies. Tools For Brokers is already selling a similar software without the cryptocurrency aspect to over 80 companies.
SIMILAR PROJECTS.
Iconomi.
ICONOMI is a fintech start-up company based in Slovenia, which is currently developing a blockchain-based digital asset management and investment platform. Founded by CEO Tim M. Zagar and CTO Jani Valjavec in 2016, their goal is to make it easy for anyone to create and manage groups of digital tokens and cryptocurrency assets, and allow anyone else to invest in them. Think of Iconomi as similar to an index fund of different cryptocurrencies – instead of picking each currency to invest in yourself, you invest in Iconomi and let them do the picks for you.
HOW IS IT DIFFERENT FROM OTHER PROJECTS IN THE SPACE?
Traditional participants of FX and CFD markets are the target audiences of Genesis Vision.
