[ANN][ICO] Genesis Vision - Decentralized platform for the trust management - page 126.

belechau

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Quote from: Voltaje on October 05, 2017, 08:06:31 PM

Quote from: Rigorous on October 05, 2017, 05:01:25 PM

Quote from: matjas on October 05, 2017, 02:57:49 PM

I dont think a simple plan with a promise will be enough for investors o trust managers. I think this platform will struggle a little in the beginning since there wont be enough trading history to determent the quality of manager.

You are right about that. There will be a period where they will require pioneers.

I thought of a different but related scenario too. What if the investor collects a few friends to bump up his ratings, then wreaks havoc with real investors' funds?

Here the Broker comes in, the manager can't just go away with people investment, there is a ledger, which is the broker, the manager always has to have an amount equal to the value of his tokens, people don't just give money to the manager, they BUY the manager's tokens from the manager, for example, a new manager starts with 1000 tokens, and each is worth 1$, for that manager to be listed, he needs to give 1000$ as protection, which is the entire value of his tokens, then comes the investors and buy the managers tokens, one investor buys 200, the manager now has 200$, others buy 150, 250 and 400 tokens respectively, so now the manager has 1000$ to invest whoever he/she wishes, but the manager can't just run away with that 1000$, because there is 10004 that he gave up to be manager, so all that money returns to the investors, that is why manager has to have the value of the token he represents to return to investors for them no to lose their money.

Thank you. Very enlightening, especially for beginners, the crypto world needs strategies like this, filling in the existing gaps and loopholes, so we will have a more controllable scenario. Anxious for the news of Genesis Vision. Good luck to the team and the wise investors.

tiger5056

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Activity: 686

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https://blog.genesis.vision/investor-trust-in-the-asset-under-management-aum-market-can-blockchain-help-1d22f9668aea nice article about how blockchain can help

Voltaje

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Activity: 350

Merit: 250

Quote from: Rigorous on October 05, 2017, 05:01:25 PM

Quote from: matjas on October 05, 2017, 02:57:49 PM

I dont think a simple plan with a promise will be enough for investors o trust managers. I think this platform will struggle a little in the beginning since there wont be enough trading history to determent the quality of manager.

You are right about that. There will be a period where they will require pioneers.

I thought of a different but related scenario too. What if the investor collects a few friends to bump up his ratings, then wreaks havoc with real investors' funds?

Here the Broker comes in, the manager can't just go away with people investment, there is a ledger, which is the broker, the manager always has to have an amount equal to the value of his tokens, people don't just give money to the manager, they BUY the manager's tokens from the manager, for example, a new manager starts with 1000 tokens, and each is worth 1$, for that manager to be listed, he needs to give 1000$ as protection, which is the entire value of his tokens, then comes the investors and buy the managers tokens, one investor buys 200, the manager now has 200$, others buy 150, 250 and 400 tokens respectively, so now the manager has 1000$ to invest whoever he/she wishes, but the manager can't just run away with that 1000$, because there is 10004 that he gave up to be manager, so all that money returns to the investors, that is why manager has to have the value of the token he represents to return to investors for them no to lose their money.

cantdecide

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Quote from: genesis.vision on October 05, 2017, 11:13:26 AM

Quote from: matjas on October 05, 2017, 05:57:27 AM

When you will send your founds to the manager, will they be locked for some period of time or you will be able to trade it back and forth?
I image it will depend on the manager how he will decide to run the fund?

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 investor has the right to transfer coins or sell on the internal exchange.
The investor can withdraw invested money, but only at the end of the reporting period, having previously created an application for withdrawal. In the case of returns, the investor receives the money according to his or her share, and the coins are returned to the manager for further sale on the internal exchange.
Managers themselves choose the length of the reporting period, according to their trading strategies.

So when the manager themself can choose the length of the reporting period, can they choose freely or will the platform itself have specific time frames, like 1 week, 2 weeks, etc.? Is there any limitation for managers or could they just say like 8 weeks and then it is like this?

Rigorous

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Quote from: matjas on October 05, 2017, 02:57:49 PM

I dont think a simple plan with a promise will be enough for investors o trust managers. I think this platform will struggle a little in the beginning since there wont be enough trading history to determent the quality of manager.

You are right about that. There will be a period where they will require pioneers.

I thought of a different but related scenario too. What if the investor collects a few friends to bump up his ratings, then wreaks havoc with real investors' funds?

Heimer

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Activity: 518

Merit: 250

Quote from: belechau on October 05, 2017, 04:43:08 PM

Knowing what to expect by profit distribution is really exciting, I expect to see Genesis in big markets and rising to the moon fast. The concept is fantastic and worth the investment

This project could be really disruptive for whole fund management industry. I'm waiting for more news from developers Grin

belechau

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Knowing what to expect by profit distribution is really exciting, I expect to see Genesis in big markets and rising to the moon fast. The concept is fantastic and worth the investment

imtiazmahmood

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Activity: 476

Merit: 250

Quote from: Trrrt on October 05, 2017, 04:21:11 PM

Genesis vision has a great visibility and its really promising for the future of the project. YouTube review and list on ico drops, it’d really important for investors and a good sign for the future sucess of a project. Genesis vision has all argument to succeed, we are a lot to be very impatient to try the platform.

Genesis name is the one trusted. if looks project is very interested and reputed. project is big project and will provide strong services. i will keep my eye on this project and going to tell friend also they also interested to invest good projects. i will also invest on Genesis Vision.

Trrrt

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Genesis vision has a great visibility and its really promising for the future of the project. YouTube review and list on ico drops, it’d really important for investors and a good sign for the future sucess of a project. Genesis vision has all argument to succeed, we are a lot to be very impatient to try the platform.

Syroamst

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Activity: 153

Merit: 100

Genesis Vision now listed on ICO Drops (https://icodrops.com/genesis-vision/). Looks promising, a good and clear website!

Elkmar

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Quote from: Cauchy on October 05, 2017, 02:06:29 PM

After finished Reading the whitepaper I am curious about some of the challenges with etherium that you point out, especially the scaling/performance issues. However as we expect to have them solved in 2-3 years you might run into problems depending on the Projects success. You mention that you have looked at other chains that would be possible to transition to, out of curiosity would you mind telling which chain(s) that would be most probable to transition to?

Interesting, I would like to know about which chain you think about too.

There are some important competitors right now and some interesting investments to make, would be interesting to have the opinion of developpers.

FIEX

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Activity: 630

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Quote from: kraterion on October 05, 2017, 03:20:42 PM

Quote from: Cauchy on October 05, 2017, 01:49:36 PM

Quote from: kraterion on October 05, 2017, 01:26:10 PM

Quote from: Cauchy on October 05, 2017, 12:48:41 PM

Is there a risk that the token will be considered a security? meaning if there is no way to use them (alfa, beta,...) it is not a clear utility. From my understanding that is the reason why several ICOs either has postponed sales or did like wanchain (distributed an interimntoken which is not tradeable) until their platform can be launched.

From whitepaper: GVT will be used for all investment operations, profit distributions.
I'm pretty sure that when you read "profit distribution" means that GVT is a security because it gives dividends

I have not understod the underlying factor to why Projects dont want their tokens to be considered securities (even other projects who more or less are competitors in this space)but quite a few go the stretch to make sure they dont, that is why I am a bit puzzled on this one. Anyone knows the negatives of having the tokens classed as securities rather than utilities (some says it will be problematic to add to Exchange but TaaS for example is on renowed Exchanges and they for sure do dividends)

Tokens labeled as securities are not accepted anymore on Bittrex for example (and I think Poloniex also?). Look at BTS, DRACO, DAR and BTA, they're labeled as securities and they will be removed from Bittrex on 10/13. But developers are smart these days, I will tell you about two examples. REAL will let you gain dividends from real estate investments but it's an utility token, why? Because the dividend token is the internal RPP token! Spectre instead, will issue two types of tokens SPEC-U which is an utility token an it will be traded on all major exchanges, SPEC-D is the dividend token and it will be traded on exchanges not reagulated by the SEC (Polo and trex are US based).
Someone talked about TaaS, well, most volume is on Liqui exchange (Ukraine based), you will never see it on trex or polo

Correct, it not easy for new ICO to get listed on exchanges.
Exchanges are now more secured and only list assets, currencies after thorough investigation. This is a good thing! This will give investors more trust on the projects that are on big exchanges.

I'm sure Genesis will be listed soon on populair exchanges.

Cauchy

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Quote from: kraterion on October 05, 2017, 03:20:42 PM

Quote from: Cauchy on October 05, 2017, 01:49:36 PM

Quote from: kraterion on October 05, 2017, 01:26:10 PM

Quote from: Cauchy on October 05, 2017, 12:48:41 PM

Is there a risk that the token will be considered a security? meaning if there is no way to use them (alfa, beta,...) it is not a clear utility. From my understanding that is the reason why several ICOs either has postponed sales or did like wanchain (distributed an interimntoken which is not tradeable) until their platform can be launched.

From whitepaper: GVT will be used for all investment operations, profit distributions.
I'm pretty sure that when you read "profit distribution" means that GVT is a security because it gives dividends

I have not understod the underlying factor to why Projects dont want their tokens to be considered securities (even other projects who more or less are competitors in this space)but quite a few go the stretch to make sure they dont, that is why I am a bit puzzled on this one. Anyone knows the negatives of having the tokens classed as securities rather than utilities (some says it will be problematic to add to Exchange but TaaS for example is on renowed Exchanges and they for sure do dividends)

Tokens labeled as securities are not accepted anymore on Bittrex for example (and I think Poloniex also?). Look at BTS, DRACO, DAR and BTA, they're labeled as securities and they will be removed from Bittrex on 10/13. But developers are smart these days, I will tell you about two examples. REAL will let you gain dividends from real estate investments but it's an utility token, why? Because the dividend token is the internal RPP token! Spectre instead, will issue two types of tokens SPEC-A which is an utility token an it will be traded on all major exchanges, SPEC-D is the dividend token and it will be traded on exchanges not reagulated by the SEC (Polo and trex are US based).
Someone talked about TaaS, well, most volume is on Liqui exchange (Ukraine based), you will never see it on trex or polo

Thanks for the explaination and the examples!

kraterion

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Merit: 145

🚀🚀 ATHERO.IO 🚀🚀

Quote from: Cauchy on October 05, 2017, 01:49:36 PM

Quote from: kraterion on October 05, 2017, 01:26:10 PM

Quote from: Cauchy on October 05, 2017, 12:48:41 PM

Is there a risk that the token will be considered a security? meaning if there is no way to use them (alfa, beta,...) it is not a clear utility. From my understanding that is the reason why several ICOs either has postponed sales or did like wanchain (distributed an interimntoken which is not tradeable) until their platform can be launched.

From whitepaper: GVT will be used for all investment operations, profit distributions.
I'm pretty sure that when you read "profit distribution" means that GVT is a security because it gives dividends

I have not understod the underlying factor to why Projects dont want their tokens to be considered securities (even other projects who more or less are competitors in this space)but quite a few go the stretch to make sure they dont, that is why I am a bit puzzled on this one. Anyone knows the negatives of having the tokens classed as securities rather than utilities (some says it will be problematic to add to Exchange but TaaS for example is on renowed Exchanges and they for sure do dividends)

Tokens labeled as securities are not accepted anymore on Bittrex for example (and I think Poloniex also?). Look at BTS, DRACO, DAR and BTA, they're labeled as securities and they will be removed from Bittrex on 10/13. But developers are smart these days, I will tell you about two examples. REAL will let you gain dividends from real estate investments but it's an utility token, why? Because the dividend token is the internal RPP token! Spectre instead, will issue two types of tokens SPEC-U which is an utility token an it will be traded on all major exchanges, SPEC-D is the dividend token and it will be traded on exchanges not reagulated by the SEC (Polo and trex are US based).
Someone talked about TaaS, well, most volume is on Liqui exchange (Ukraine based), you will never see it on trex or polo

Korsakopf

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Activity: 210

Merit: 105

Quote from: the_donald on October 05, 2017, 01:18:20 PM

Quote from: kraterion on October 05, 2017, 12:31:26 PM

@genesis.vision, is there a chance that you will show a pre-alpha during ICO ? Most projects this days show a demo/pre-alpha before/during ICO, I think it's important, there a lot of ICOs right now, only trustworthy ones gain popularity/trust

Definitely this. there is a need for a demo of how this works if you want more investors in this project. it's almost standard by this point. Is there anything planned?

I would also like to support this. Even if it is just a mock-up to show how things will work. With complicated projects it's all about painting a clear picture of that you will be investing in.

ParRus

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found informative review, I think it will be interesting to see for investors
https://www.youtube.com/watch?v=0rUTSbsZtHM

matjas

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Quote from: haxllega on October 05, 2017, 02:41:18 PM

Quote from: bitcoin-shark on October 05, 2017, 02:15:48 PM

Quote from: haxllega on October 05, 2017, 12:24:43 PM

Quote from: toolucky98 on October 05, 2017, 12:18:28 PM

Quote from: magisterr on October 05, 2017, 11:38:08 AM

Quote

Yes, investors will have open statistic. All managers’ trades will be automatically verified, uploaded, and recorded in a smart contract, building a trustworthy trading history and statistics.

history? may be you can make live statistic?

It will be a history that investor can look at it to know how good that manager's skill and ability are.
I think live statistic isnt necessary.

I think successful traders will be well-known soon so there is no use in live statistics. Will the trader be able to communicate with his supporters?

no also for me live statistics will be not necessary, trading history and statistics will be enough in my opinion for traders feedbacks,a communication channel with supporters will be apreciate...

I think most important will be a comment of trader what he wants to achieve. Something like trader who aims to big risk and great return or trader for safe trading with low return.

I dont think a simple plan with a promise will be enough for investors o trust managers. I think this platform will struggle a little in the beginning since there wont be enough trading history to determent the quality of manager.

haxllega

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Activity: 392

Merit: 100

Quote from: bitcoin-shark on October 05, 2017, 02:15:48 PM

Quote from: haxllega on October 05, 2017, 12:24:43 PM

Quote from: toolucky98 on October 05, 2017, 12:18:28 PM

Quote from: magisterr on October 05, 2017, 11:38:08 AM

Quote

Yes, investors will have open statistic. All managers’ trades will be automatically verified, uploaded, and recorded in a smart contract, building a trustworthy trading history and statistics.

history? may be you can make live statistic?

It will be a history that investor can look at it to know how good that manager's skill and ability are.
I think live statistic isnt necessary.

I think successful traders will be well-known soon so there is no use in live statistics. Will the trader be able to communicate with his supporters?

no also for me live statistics will be not necessary, trading history and statistics will be enough in my opinion for traders feedbacks,a communication channel with supporters will be apreciate...

I think most important will be a comment of trader what he wants to achieve. Something like trader who aims to big risk and great return or trader for safe trading with low return.

bitcoin-shark

hero member

Activity: 2968

Merit: 605

Quote from: haxllega on October 05, 2017, 12:24:43 PM

Quote from: toolucky98 on October 05, 2017, 12:18:28 PM

Quote from: magisterr on October 05, 2017, 11:38:08 AM

Quote

Yes, investors will have open statistic. All managers’ trades will be automatically verified, uploaded, and recorded in a smart contract, building a trustworthy trading history and statistics.

history? may be you can make live statistic?

It will be a history that investor can look at it to know how good that manager's skill and ability are.
I think live statistic isnt necessary.

I think successful traders will be well-known soon so there is no use in live statistics. Will the trader be able to communicate with his supporters?

no also for me live statistics will be not necessary, trading history and statistics will be enough in my opinion for traders feedbacks,a communication channel with supporters will be apreciate...

Jay2408

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Activity: 518

Merit: 101

🚀🚀 ATHERO.IO 🚀🚀

Quote from: chaoscoinz on October 05, 2017, 01:50:42 PM

Quote from: magisterr on October 03, 2017, 08:09:54 PM

Quote from: chaoscoinz on October 03, 2017, 06:55:27 PM

Is this startup a decentralized version of the E-trade platform, or something similar? It says on your website that you will consolidate investors, exchanges, brokers, and financial traders into one ecosystem. Is their a test application, or some sort of exemplary piece for investors to get a better grasp of the functionality of your platform?

Thats all that I understand from thei whitepaper: this platform for Managers, Investors and Brokers. And they need unite all on this platform and make servise for them.
Look:

Quote

Managers
Management funds/traders are companies/individuals with a proven trading history, readyto 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).

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

I understand that much, that it is an economic platform that will help bridge the gap between these four existing parties. I might need to reread the whitepaper to have a clearer depth of understanding.

Maybe you want read this blogpost. Its a good article with the essentials concisely described. Honestly, for me it was clearer than the whitepaper Grin

https://blog.genesis.vision/exchange-of-managers-cryptocurrency-284a3aec6d34

Topic: [ANN][ICO] Genesis Vision - Decentralized platform for the trust management - page 126. (Read 79763 times)