Given the high demand for alternative asset classes powered by crypto, a new Blockchain-based project has entered the market to disrupt a conventional system once ruled by terminals such as Bloomberg and Thomson Reuters.
The main drawback with hedge funds is that they can’t handle cryptocurrency trading. The tools they use are limited and cannot ensure full transactional transparency and security. There are high management fees, which compel many investors to look for alternatives
Blockchain Terminal Breaks through to the Hedge Fund Industry
Crypto-powered Institutional Grade Platform – Blockchain Terminal (BCT), brings all the essential tools hedge funds and wealth management companies need to trade cryptocurrency on a secured, single-interfaced platform. Designed to go beyond the strictest compliance requirements pertaining to the hedge fund industry, BCT’s end goal is to provide applications that ensure crypto trading is done securely and transparently.
As cryptocurrency investment funds increase in popularity, terminals like Bloomberg must adapt to market demands or be left behind. Most wealth management companies are aware of their limitations, and know that they can’t compete with the highly secure front-end and back-end operations that an upscale crypto investment platform provides. The solution is to embrace the perks offered by Blockchain technology in order to preserve their clientele.
Blockchain: Secure and Transparent Hedge Fund Investing
By connecting aspiring crypto investors and hedge funds, BCT aims to bring premiere features to the forefront. The platform will combine relevant data from cryptocurrency exchanges, news articles, blogs, and social media; as well as vital information on emerging ICOs. The hardware behind BCT will therefore paint a clean picture of how the crypto market functions in real time.
At the heart of the Blockchain Terminal lies ComplianceGuard, the platform’s technology. Featuring a powerful, fully-stable compliance framework, the end goal is to assist hedge fund compliance professionals in complying with applicable regulatory requirements. 20 hedge funds are already using ComplianceGuard as part of the Terminal’s pilot installation program.
Features that Set the Blockchain Terminal Apart
Three core features ensure the uniqueness of BCT. The first is exchange integration, which uses Compliance Guard to convey relevant data on 1,400 cryptocurrencies in a compliance vetted environment.
The second is identity verification, which provides users with role-based identities to establish trust and craft a transactional accountability layer.
The third feature is the app ecosystem; an open-source application store for third-party developers. They can contribute to the platform by creating tools for cryptocurrency and traditional assets on par with current compliance requirements.
The Tokens Behind the Terminal
Two co-existing tokens fuel the Blockchain Terminal ecosystem. The native BCT token powers the ledger, whereas the second token, which is ERC20-compliant and built on Ethereum, becomes available through the token sale and is meant to act as a subscription and entitlement token for all services offered by the native BCT.
Together, the goal is to make sure all activities happening on the platforms are performed safely and securely. BCT’s public pre-sale is live until March 31st, 2018 offering 280M BCT tokens with 1 ETH = 10,000 BCT, and minimum purchase making 40 ETH. Following the pre-sale, the public sale is to commence on April 1 and continue till April 15th, 2018. Main event’s contributors will see 90M BCT tokens for 7,500 BCT = 1 ETH.