Topic: [ANN][ICO] Genesis Vision - Decentralized platform for the trust management - page 114. (Read 79763 times)

This will be huge deal if they will make some partnerships with exchanges so every investor could have lower fees when trading 

Nice to read that you already have partners for the launch!!
Investors will like to read this. Great work for answering all these questions for the community!

Thats what we like, an active thread with active devs.
Great work! Love this!

Thanks for your anwers genesis.vision. So your partners include 400 brokers around the world...nice! And what about cryptocurrencies exchanges? Afaik they aren't brokers because when people buy tokens, they buy other people's tokens.

I doubt in that. There must be some kind of KYC verification and even this won't prevent you from identity stealing or other form of frauds

You do a good job on this thread devs it's amazing that you answer every question somebody asked and this every day. That's something you don't see that often.

I don't understand this. Ok it is good for joiners, he makes his option but there is not an obligation.

But i don't understand that what is in it for you?

this is a good thing managers all trading history decrypted,so investors can study and choose with all the tranquility...

But if some bad manager lost all investors money, can you influence to him and prohibit him trading more?

Our pre-sale was in form of Options sale. So $2.3M is the equivalent value of GVT, reserved for the ICO stage.

An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period or on a specific date (exercise date).

Genesis Vision option guarantees the right to acquire GVT tokens at a specified price during the ICO, so you have to pay only 5% on Pre-ICO and the remaining 95% you will have to pay during the ICO.

It can be used for any asset.

We don’t hire managers; we don’t control their strategies. We only unite all of them in a single decentralized network. Each investment will be charged 0.5% of the operation amount.

First of all, we would like to note that we already have partners preceding our launch who will provide an active client base (our partners include 400 brokers around the world). “Fair” brokers will be happy to join Genesis Vision and confirm their transparency publicly.

These factors will lead to Genesis Vision network being big enough to provide incentives for brokers, who currently have something to hide. In this situation, the initiative usually comes not from a broker, but from his clients, desiring to participate in Genesis Vision. Since our platform provides many advantages for brokers’ clients, brokers, rejecting connection to Genesis Vision will simply start losing clients. For example, if an investor wants to get access to the huge list of Genesis Vision’s managers, and his current broker refuses to join the network, he will probably decide to change the broker. Luckily, Genesis Vision’s client base of brokers will be already big enough to choose from. In this way, each non-transparent broker has a choice, either stick to obsolete operation model or move forward in transparent and fair future together with Genesis Vision.

Of course, you always have to look at managers rating because it depends on trading statistics.

Unfortunately, alpha version will be launched in the first quarter of 2018. Currently we have a working solution, but it is not decentralised. Let me explain the situation with current solution: It is not a prototype, but already built solution, which already sold to more than 80 companies in the world. Unfortunately, this solution is not open-source, so we could not provide you with the code.
So we put this to the blockchain, and  in the first quarter of 2018, it will be ready.

Let's divide the notions of a manager and broker.
Managers are companies/individuals/traders with a proven trading history, ready to acquire investors' money for management.
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.
Broker can instull Genesis Vision software, which is free and distributed with an open license.
Brokers doen't trade, but can provide potential managers’ access to the Genesis Vision Manager registration function in their client application - generally a "Become a Genesis Vision Manager" button.

Trust management industry suffers from fakers, unfair money managers, hidden processes and strong regulation. There is no consolidated reliable source of information or statistics. This leads to serious limitations, lack of information, lack of transparency and, consequently, a lack of trust.
The main goal of Genesis Vision is to bring transparency and stability to the traditional financial markets.

It will be a Genesis Vision fund. 5% GVT will form the Genesis Vision fund. Tokens from this fund will be regularly invested in successful platform managers. We plan to keep the fund operating regardless of the profit it generates, constantly stimulating Genesis Vision managers’ activity.

Yes, you are right. Manager sets all parameters of trading by himself. But there will be some reasonable limitis. It is early to determine the exact numbers on the development stage.

Manager's tokens are equal to amount of the deposit.
Genesis Vision platform is powered by Ethereum smart contracts, which are basically open-source apps running on the blockchain. Smart contracts are coded in a way that will allow on-demand creation of new tokens — manager’s tokens. Each new registered manager will issue his own cryptocurrency, which will be traded on the internal Genesis Vision exchange.
The form of sale of manager’s tokens will depend on the form of coins issue. During initial manager’s token issue, coins will be sold by a manager directly and their price will be fixed. In any event, the maximum market capitalization of a manager token (maximum investment pool) depends on the trust level of a manager.
After the initial sale is finished, manager tokens will be freely traded between users of Genesis Vision on the platform own exchange. From that point on, the price will be unpinned. It will be defined entirely by the market based on how successful a manager is.

Investors have access to managers from all over the world. Information is available on their trading and profit statistics, which will be accessible in one place. All managers’ trades will be automatically verified, uploaded, and recorded in a smart contract, building a trustworthy trading history and statistics.

Trust management is a form of interrelationship of an investor and a finance manager (trustee). Under the trust management an investor (a private individual or an organization) delivers financial assets for trust management by a third party on preliminarily agreed conditions.
Managers
Management funds/traders are companies/individuals with a proven trading history, ready
to acquire investors' money for management.
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.
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.
For understanding an investment process we recommend to read the next article https://blog.genesis.vision/investment-platform-of-the-future-how-to-invest-58de7300774a

most people don't have time to follow the market. that's why people have brokers. and that's why Genesis looks pretty good.

believe me you wont regret investing time to inform yourself about this particular project

I am 5 and what is a trust manager? What is a portfolio and what is investing? I don't understand anything you just said!

this project sounds like a nice concept at first glance, but i have to read the whitepaper tough to fully understand this ico project genesis vision, at all

Yes users of genesis vision will have a full acess to manager data, so you will be and to know the call of the manager you choose after the reporting period. I think genesis vision can disrupt the world of investiment, especially if you haven’t a lot of time and you want to follow a good manager !

Well, if you follow finance you probably know that those so-called well-known traders also make mistakes, that cause a lot of trouble on a massive scale.
This platform emphasizes transparency. Managers' trading strategies, profits and losses will be made available after the reporting period is over, so investors will have information to rely on when choosing a manager.

This is something that makes me happy, traders cant hide their mistake. So investors can study past trades, and this possibly opens up the way to ask the managers questions about previous trading strats, to make sure
investors can make the right decision

Yes,  managers’ trading history will be decrypted and made available at the end of each reporting period.

Are they going to show the manager's investment record or at least statistics? This would be extremely helpful in choosing a manager.

The fees seems to be very low. Could be really interesting for people that does not want to spend too much times reading news about cryptos.

what are you actually implying ?