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.
But if some bad manager lost all investors money, can you influence to him and prohibit him trading more?
We won't take measures, but everyone will be able to see manager's statistics.
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.
We appreciate it! We are glad to answer every question. See you tomorrow
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?
Recent ICO campaigns identified a number of problems in the investing process:
- People who have been following the project for a long time can simply be late to invest money.
- A large influx of transactions in the first minutes after the launch of the ICO creates difficulties for ICO
investors and other Ethereum blockchain users.
- Due to the geographical dispersion of investors, participation for many of them may be compounded by the
fact that the launch of ICO falls on a deep night in their time zone.
- 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.
To solve these and a number of other problems, Genesis Vision team is launching an option program for ICO
participation.
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.
But if some bad manager lost all investors money, can you influence to him and prohibit him trading more?
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
All the managers will go through cryto exchanges' KYC verification. Users don't have to pass verification process in Gevesis Vision platform. As usual to become a manager in any broker you have to pass full verification process (including KYC).
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.
OK, understood, you think there will be at least a chance to see a video about it? And what do you mean by "sold"? You sold your centralized solution but the decentralized one will be open-source as far as I understood. Why buy a product when it will be open-source soon?
Centralized solution was sold because it is in high demand.
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.
But if some bad manager lost all investors money, can you influence to him and prohibit him trading more?
i think thats the risk everybody should take on his own. trusting managers always involves a (higher or lower risk)
that's why there will be a reputation system implemented. so people can judge the performance of the manager.
this rating will be very useful, and everyone will be able to choose a more successful manager, of course this does not give a 100% guarantee, but still the chances that your funds will increase significantly will grow
Won't the performance of the managers also be visible by how much percentage growth they accomplish?
Judge them by the numbers.
Sure statistics will show all profits and losts results.
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.
you mean, that they have already 400 partner brokers? Or they planning?
Our partners' companies have been engaged in technological maintenance and software development for brokerage companies, mainly in foreign exchange markets. All of these companies are potential brokers for the project. Considering our more than 400 contacts with brokerages among our partners and advisers, we expect at least 100 brokerages to join our distributed system within 2 years.
I see your ad on the Internet about finding employees. How many people do you have in your team and who else do you need?
You can see our team on the website. We are planning to expand the stuff in 5 times.
Educate me in what is the meaning of a transparent investment system? Why should a trader show his knowledge to everyone?
Because there are some advantages for managers:
• There are increased opportunities to attract investors from any country
• Managers issue their own branded cryptocurrency, which can be freely traded by investors.
• There are excellent opportunities for promoting your own trading strategy to attract more investors.
• There is increased investor confidence, due to guaranteed transparency, which will lead to an increase in the average investor's check.
I look at the road map and see that the alpha version will be released in 2018. Why should I buy tokens on ICO? just for the sake of bonuses?
It is your decision to buy tokens or not. To support the development of the innovative Genesis Vision, you can buy our token.
I read somewhere that there are 7 levels of investments limits but, I could not find the numbers anywhere.
There will be 7 trust levels totally, and traders will each have a level based on their trading history and whether this history was successful or not. Level 1 managers are required to have at least 1 000 USD in GVT equivalent of their own funds on the platform and their maximum investment pool can be only 1 000 USD worth of GVT. More trusted managers will be able to attract investments up to 1 000 000 USD in GVT equivalent.
Regarding the use of the Blockchain technology behind the project. Is the Blockchain necessary? I think the business problem doesn’t really exist, isn’t significant enough and cannot be solved by a Blockchain.
What are key features of GenesisVision that set it apart from other options?
And the market size is truly as big as the ICO claims and that the solution is possible. Evidence please?
The trust management market is growing rapidly every year. According to the Boston Consulting Group report
Global Asset Management 2016, the total amount of funds in management is more than $70 trillion.
Despite the industry's steady growth, existing trust management mechanisms do not meet the requirements of modern investors and managers.
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.
By using the blockchain technology, Genesis Vision unites huge trust management industry into a single decentralized network, making the financial market transparent and even more global. This will help to re-establish trust in the market and open up new avenues for investment in the digital era.
We recommend you to read our whitepaper.
Has it been confirmed that the exchanges will need to install a plugin? I thought the trading app's like meta trader just needed to install a plugin, not the exchanges?
We will provide different plug-ins.
How big is the market? Have you done the math to determine your total addressable Market?
The trust management market is growing rapidly every year. According to PwC analysis[1], global investable assets for the asset management industry will increase to more than $100 trillion by 2020, with a compound annual growth rate of nearly 6%.
Profits are going to be paid in GVT right? Because it's what I'm reading in the whitepaper, "GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange."
Yes, profit will be distributed in GVT, as well as all investment operations.
start date 15 oct. It is time to buy more ETH. is there any white list or Pre-Sale?
Unfortunately, we do not have a whitelist.
Thank you for the explanation. But the second question, probably I could not properly ask. That's what I mean. Suppose the manager sold 1,000 coins for $ 1. Then the manager got a profit and now has $ 10,000. Then these coins, which already own investors, also increase in price to $ 10? And to get your profit, the investor can just sell these coins? Or the second option: the manager pays to all holders of coins profit in proportion to the number of coins they have? And then the owners of coins can receive profit from the manager while owning coins?
In the first variant, the profit itself does not directly go to investors. In the second variant the profit goes to them directly, minus the remuneration of the manager (commission).
From the documents, I did not quite understand how exactly the profit is made by investors.
Holders of coins receive part of the profits of the manager, according to their share. The investor has the right to transfer coins to another Ethereum wallet or sell on the internal exchange.
A manager doesn't distribute the profit, the profit will be distributed automatically by the smart contract.
The second varient is true - "the profit goes to them directly, minus the remuneration of the manager (commission)."
I will visit this mate and see it by myself if how well the team can provide and they will handle the project properly and accordingly. thanks.
What you mean? they have some meetUp or conference? If yes, can you give me link or some information about this please?
Unfortunately, we couldn't synchronize the conference with our schedule because the ICO starts in a few days.
