what kind of services genesis vision going to providing. i means how many and what kind of services?
1) GV creates a truly decentralized global financial network. GV will unite exchanges, brokers, traders, and investors into a decentralized, open and fair network.
2) The smart contract technology that underlies the platform provides an automated and absolutely transparent system for investment and profit distribution.This will bring transparency to the market.
3) GV provides additional instruments to check the real trading history and statistics, since this is one of the main issues within the industry, whereby there is a lot of fake data.
4) The company changes the process of investing, making it more sought-after.Each manager in the Genesis Vision network has his own cryptocurrency. The size of the issue depends on successful trade statistics. The process of transferring funds to the manager is carried out by buying a manager's cryptocurrency on the internal exchange.
Will there be maximum and minimum limit on money to be invested on any trader's tokens?
There are 7 levels in total, with the first-level manager maximum investments capped at 1 000 USD ( in GVT equivalent) plus a first-level manager must invest 1 000 USD of his own money. For comparison, manager of a maximum trust level can receive investments up to 1 000 000 dollars.
As no one will have a trust history at platform launch, ALL managers will start at trust level 1, right?
Yes, you are right!
Thank you for your work! Stakes were credited. We offer you to translate our whitepaper into German. You can inform @mia in telegram channel (DM) about your desigion.
I did not really understand, the presale was cancelled, or their was a preorder for the presale ? I'm quite confused here.
Our pre-sale was based on the option’s sale. 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. So we have pre-order on $2.3 M
We hadn't a pre-sale hard cap. Our pre-sale was in form of Options sale. So $2.3M is the equivalent value of GVT, reserved for the ICO stage. A hard cap of ICO is 33.000.000 usd
So, all remaining tokens from pre-sale will be sold on main sale? Right?
Yes, you are right. Bonuses from other types of options will be moved to the ICO:
During the first 3 days of ICO (15.10–17.10) investors will have bonus 20%
The week after (18.10–24.10) bonus 15%
The week after (25.10–31.10) bonus 10%
Well dang. If there is so much demand I guess we do not have to worry about minimum caps and that "flexible funding" would cut features at all. More the opposite, are potential investors going to miss the boat?
We don't think so because we have detailed plan for capturing the market and none miss the boat
For what I understood in pre-sale they sold options to be redeemed during ICO not actual tokens. Feel free to correct me if I'm wrong genesis.vision
We need to tell more about the essence of the process for investors to understand the further steps better.
Usually, ICO generates overwhelming interest on the first days of launch and during this period token sale transaction number could reach millions within few hours. This giant queue of transactions is sent directly to the Ethereum network, clogging Ethereum blockchain, which causes massive transaction delays and transaction fees to skyrocket, making the network unusable for hours.
In addition, the very time of ICO launch may be inconvenient for the investors – due to the geographical dispersion of investors, participation for many of them maybe complicated by the fact that the launch of ICO falls on a deep night in their timezone.
In overall, early investment bonuses are often given not to actual first supporters, but to those who managed to be the first to carry out a transaction in the blockchain. Implementation of the smart contract-based token option solves all of those problems.
To solve the mentioned problems related to ordinary ICO process Genesis Vision team launched a special option program for ICO participation. This way the company gave the participants’ a guarantee to acquire GVT tokens at a specific price during the core ICO. Options also give some additional bonuses for tokens amount, and can allow early supporters to book their tokens in advance at a price they consider fair.
I dont like the idea to stop a presale!
If transactions are stuck in the blockchain, so be it. If the transaction will go to Genesis Vision after the pre-sale was sold out, they just get there funds back and they can try again during the ICO.
What about the ICO will it be stopped if there is a big backlog? No! So why do it for a presale?
Options are one of the most difficult financial instruments. Not all investors are familiar with it and understand how it works. Considering the feedback from the community, we decided to stop it.
If i have understood correctly, only exchange owners can be brokers and they have to install a software to participate... What's your strategy on attracting these exchanges?
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
