Connect with us

Press Release

Genesis Vision building the future of asset management with blockchain

Guest Author

Published

on

Genesis Vision building the future of asset management with blockchain
Source: Genesis Vision

Lack of trust is one of the main problems the traditional asset management system is currently facing. Investors have practically no control over where their funds go, and often no guarantee that they will receive profit or even get the initial deposit back. Сonfronted with lack of transparency and inefficiency of the system, fewer holders of new capital are willing to enter the market.

Genesis Vision, the first blockchain-based platform for private trust management, was designed as a modern, efficient system with transparency at its core. The idea of the project appeared during one of Hackathons in 2017. Since then, it went all the way through a successful ICO to the recent launch of GV Funds.

The Vision

Genesis Vision unites exchanges, brokers, traders, and investors into an open and honest network for mutual benefit, handing power and control back to the investors. The platform offers:

  • an opportunity to trade in different markets
  • a large selection of available assets
  • handy tools to determine risks and pick the optimal strategy
  • full transparency of the market activity
  • easy market entrance for non-accredited investors

Genesis Vision helps novice investors manage their assets effectively while giving more seasoned ones many convenient tools and ways to diversify their portfolio. GV investors choose skilled asset managers to trade for them on the servers of partner brokers. Before making a choice, they can double-check the integrity of managers and see the full list of programs created by them, as well as their trading history.

Much has been said on the importance of portfolio diversification. In a diverse portfolio, the capital is spread amongst many assets, thus minimizing the overall risks. Genesis Vision managers trade both conventional and crypto assets, including but not limited to cryptocurrencies, fiat instruments, oil, securities, metals and many more. As for the available currencies, at the moment the platform works with GVT, BTC and ETH.

The transparency is achieved by using distributed ledger technology. Every action and transaction is stored forever in the blockchain, which makes the system fraud-proof and secure.

Genesis Vision for investors and managers

Genesis Vision users access to the platform via the web interface; there is also an investor mobile app for Android and IOS. The platform has two modules – for the managers and for the investors.

   

Mobile version of the platform

Genesis Vision gives managers an opportunity to monetize their skills without additional marketing: the professionals are ranked by performance, so their skills speak for themselves. With many tools at hand, they create investment programs and GV funds to help investors gain profit and truly diversify their portfolio.

The statistics and the chart of an investment program

GV investors choose the manager who best fits their aims. Genesis Vision offers a plethora of tools to measure risks and make the optimal investment choice. For example, Sharpe ratio shows how much excess return you receive for holding a riskier asset. Sortino ratio – if smart investments or excessive risks are the reason behind the manager’s success. And Calmar ratio measures the performance of an investment program in relation to its risk.

To use the features offered by the platform, users need GVT tokens. GVT is the universal currency both for investments and profit distribution. At the time of this writing, 1 GVT trades at 7.12 USD.

The minimum deposit is 1 GVT. Entering the system is easy: both investors and managers can try out trading on the platform right upon registration. However, to start attracting or investing considerable sums both will have to undergo a KYC procedure.

Investment programs and GV funds

Genesis Vision offers two forms of investment: investment programs and GV funds. Starting an investing program, the manager chooses the currency and the length of the reporting period. Upon the investment request, GVT tokens are withdrawn from the investor’s balance and converted into the program’s currency. At the end of the reporting period, all the trades are automatically closed and the profit is converted back into GVT.

List of the investment programs

The investors cannot deposit or withdraw funds during the reporting period. If the reinvestment trigger is on, the profit gets automatically reinvested in the same program. GV investment programs have an entry fee and a success fee [charged from the profit], also set by the manager.

Information on a program, including commission fees

GV funds are portfolios of different assets assembled by a GV manager. The manager chooses the assets and decides on the total weight of each of them. The deposits and withdrawals are not attached to the reporting periods: the investor can step in or out a fund at any point. At the moment only crypto assets are available, the rest will be added later. There are also two fees – an entry fee and the exit fee.

GV Funds

Though Genesis Vision profits from platform commission [0.5% from every investment] only, the team decided not to charge it until January 2019. It will give them some time to test the platform and ensure that it provides the best experience to its customers.

In the nearest future, Genesis Vision plans to further improve and develop the platform, add new features and form new partnerships.

For more information about the project, please see the official website.



Follow us on Telegram | Twitter | Facebook



AMBCrypto is not responsible for the content included in this article. Readers' discretion is required while visiting the links given in the report as AMBCrypto is not responsible for the products or services.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

Published

on

By

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”

Continue Reading

Analysis

XRP/USD Technical Analysis: Sideways movement to end as breakout imminent

Priyamvada Singh

Published

on

XRP/USD Technical Analysis: Sideways movement to end as breakout imminent
Source: Pixabay

As the cryptocurrency market switches their allegiance between the bull and the bear, XRP is painted red at the moment. The token is slumped by more than a percent wherein the coin is trading at $0.3 with the market cap of $12.4 billion. The 24-hour trading volume is calculated at $305.8 million.

1-hour

XRP 1-hour candlesticks | Source: tradingview

XRP 1-hour candlesticks | Source: tradingview

In the 1-hour price chart, the downtrend is ranging from $0.315 to $0.311 whereas the uptrend is extending from $0.301 to $0.308. A clear possibility of a trend breakout is visible as the prices are packed tightly, ready to explode in either direction.

The Parabolic SAR is bullish on the cryptocurrency as the dots have assembled themselves below the candles to support the bull.

The Aroon indicator is showing a greater strength in the downtrend, which is a bearish sign for XRP. However, it can be observed that the red trend is losing its power and crashing.

The Awesome Oscillator is slightly bullish on the coin as the bars have turned green at present.

1-day:

XRP 1-day candlesticks | Source: tradingview

XRP 1-day candlesticks | Source: tradingview

In the 1-day timeline, the downtrend is stretching from $0.51 to $0.31 whereas the uptrend has been observed from $0.27 to $0.3. A trend breakout is not visible as of now.

The Klinger Oscillator has made a bullish crossover by the signal line. This indicates that the reading line is traveling in favor of a green trend.

The RSI is extremely bearish on the cryptocurrency as the indicator has crashed to the bottom of the graph. A trend reversal is not expected as well, as the reading has not hit the oversold zone.

Conclusion:

In this technical analysis, it is clear that the indicators are giving a mixed sign, advocating for a sideways trend. However, since a trend breakout is predicted in the shorter timeframe, a bullish win might take over the price chart.

Continue Reading

Trending