Genesis Vision and why this is one of the most promising projects of 2018 that no one is talking about.

in #trending7 years ago

Genesis Vision, the platform with a spectacular team and advisory board, low coin supply, entering a market valued over 70 trillion dollars adding full transparency for investors!

Current price: $ 23.14 USD Market cap: $ 78 million USD Circulating supply: 3.7 million GVT Total supply: 4.4 million GVT

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It is listed on the following exchanges:

Binance Kucoin HitBTC Ether delta
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BASIC INFORMATION ABOUT THE COIN

Basic information (1) Genesis Vision is going after an industry that has never been transparent; asset/trust management. Traditional trust management systems are a black box to potential investors. In any event, investors transfer money to a financial manager and then wait to receive profits. They receive a statistic on the use of their assets and the financial manager's performance, but investors have essentially no way to verify this information. Too often, the real situation is understood when the money can no longer be returned. A large number of fraudulent conducts in the trust management market was detected in recent years.image.jpeg

(2) The natural reaction for this situation was tightening the regulations in this sphere. This leads to serious limitations on the potential of market participants and lack of usability. However the global asset market is growing, the amount of funds in management was more than 71 trillion dollars in 2015.

(3) Genesis Vision is a platform (GVP) for the private trust management market, built on blockchain technology and smart contracts. It unites exchanges, brokers, traders, and investors into a decentralized network, making the financial market more global and transparent. They believe that implementation of blockchain will allow the trust management market to achieve transparency and efficiency on the technological level.

In the trust management there are three participants in the market:

The Investor, transfers funds to experienced traders who manage their funds.

The Manager, a trader or company who trades for investors. They receive a commision from the profit.

The Brokers, 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.

The GVP works as follows; Each manager in the Genesis Vision network has his own cryptocurrency. The process of transferring funds to the manager is carried out by buying a manager's cryptocurrency on the internal exchange. From the manager’s point of view, the trade process will not change. The trader will continue to operate on the exchange or through a broker. Genesis Vision, in turn, represents a common open source of reliable information about the statistics of the network participants' activities and a transparent system of investment and profit distribution, built on smart contracts.

Some advantages for Investors: Investors have access to managers from all over the world; Profit distribution is completely transparent and open; There is better availability of investment portfolios(high-risk, low-risk, etc.); All managers have a real trading history that cannot be faked.

Some advantages for managers: Attract investors from any country; Transparency and fairness of report construction guarantees fair competition between all managers; There is increased investor confidence; Opportunities for promoting your own trading strategy to attract more investors; Managers issue their own branded cryptocurrency.

Some advantages for brokers: Brokers have an opportunity to attract investors from all over the world; Brokers have the right to do any marketing; The system does not require any information about the broker's client base.

Use of Genesis Vision Token (GVT) GVT is a currency of the Genesis Vision Platform and will be used for all investment operations and profit distributions. The platform is the place where investors can purchase and sell managers’ coins. Managers have a limited amount of coins, which depends on their level. Initially, these coins can only be purchased directly from the manager for a fixed price. Afterwards, they can be freely traded among the investors on the internal exchange. In this case, investors determine the price based on supply and demand.
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The cost of these coins will depend on the success of a manager’s trading because the manager’s profitable trading makes his/her coins "profitable." So investors want to get a higher price for the coin. This method has several advantages over the traditional scheme of transferring money to a manager’s account: The manager's coin itself is an asset; At any time, the investor can transfer/sell this cryptocurrency on the internal exchange; The user buys “tangible” coins and can be cashed at any time. When investors purchase coins, GVTs are transferred to a broker's account, where they are converted to required currency and transferred to a manager's trading account. Coin holders receive part of the manager's profits, according to their share, minus the manager's commission and fee. The GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange.

Token distribution 40%: Development, Support; 30%: Marketing; 15%: Integration, servers, connectivity, auditing; 10%: Legal 5%: Other.

Connecting a Broker The owner of the trading platform needs to install the Genesis Vision software, which is free and distributed with an open license.

Company, Team & Investors The project started on November 20, 2016, when Ruslan Kamenskiy and Dmitry Nazarov won the HackRussia hackathon in the nomination “Finance and Blockchain” with the Genesis Vision project.

At the beginning of 2017, Alexey Kutsenko, CEO of Tools For Brokers joined the team. His fintech company has been operating on the market for eight years and has more than 300 brokers as clients. Alexey helps elaborate strategy for entering the market and manages details of Genesis Vision’s trust management solution.

(4) In total, the project has 10 team members and 14 advisors.

CEO: Ruslan Kamenskiy, 7+ years financial software developer. He developed a trading system for the stock exchange “Saint Petersburg”, was head of the software department of a financial broker company, and implemented HFT strategies for the hedge fund.

(5) CTO: Dmitry Nazarov, 6+ years software developer in international financial organizations, among them are a brokerage company, a stock exchange, and an UK-based foreign exchange company.

(6)Technical lead: Casimir Compaore, 10+ years of development experience, especially in the field of data science. He worked as an Information Technology Officer at African Union Commission and has experience in ASP.NET, Agile/Lean development and is a Microsoft Certified Professional Developer.

(7)Partnerships Tools for Brokers Inc, develops technological solutions for Forex brokers operating on the stock and currency markets since 2009.image.jpeg

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Bro its amazing information. Genesis gonna rock in 2k18. Lets hope for the best.

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