What is Genesis Vision?
Genesis Vision (GVT) aspires to be the first blockchain-based platform to connect brokers, investors, fund managers and exchanges to allow for advanced asset management. Their goal is to bridge the divide of the financial world through use of the blockchain and cryptocurrency technology. It hopes to create a stock market-type network through which users can invest in tokens that correspond to individual asset managers and the value of their underlying assets. Users have the opportunity to choose asset managers based on a wide variety of criteria, and asset managers can create highly flexible tokens that represent their brokerage.
History of Genesis Vision
Genesis Vision was co-founded in 2017 by Ruslan Kamensky, Dmitry Nazarov and Alexey Kutsenko. The Genesis Vision platform was first introduced to the public in October 2017, and the ICO ran from October 15th, 2017 to November 15th, 2017. To show their dedication to the project, team members froze their share of the tokens for a 1 year period, meaning they could not sell them until after the lock up period expired. In early 2018, an alpha version of the platform was launched, along with the formation of partnerships between early adopter brokers. The full version of the platform is scheduled to be released in November 2018. The project website lists Charlie Shrem as one of its chief advisors. In October 2018, the token became one of the top 100 cryptocurrencies by market capitalization.
How Genesis Vision Works
The Genesis Vision platform creates worldwide access to brokerages by combining exchanges, brokers, traders and investors into a single decentralized, open network. There are three categories of users: investors, managers and brokers. Investors have access to a wide, transparent array of financial instruments, which uses the blockchain to record trading histories and statistics. Managers create their own cryptocurrency token representative of their fund. Brokers can connect with managers through free participation with the Genesis Vision platform using open source software. The platform native GVT token will be used for all investment operations, profit distributions, as well as to create tokens representative of a manager fund. Genesis Vision utilizes the power of smart contracts to provide its services, meaning its internal processes are transparent, immutable and resistant to censorship or tampering.
Why Genesis Vision?
As an asset management and creation platform, Genesis Vision offers a tremendous range of services and advantages over more traditional cryptocurrencies. Some of them include:
Highly flexible array of investment plans. Investors can choose from hundreds of potential asset managers and invest in their funds, choosing the plan that best fits the level of risk they are willing to undertake, with easy visibility of asset managers’ past performance and histories.
Wide selection of financial tools and categories. Investment strategies can be built from scratch, utilize a tremendous array of financial products and maintain accessibility at all times. Investors can invest in both fiat currencies and cryptocurrencies as well.
Smart contract based. Genesis Vision makes use of publicly-verifiable smart contracts to insure a high degree of transparency in their investment programs.