Nowadays companies are obliged to overcome a long and expensive distance in order to obtain license for trust management activities. Conscientious companies have to incorporate complex and costly reporting and auditing systems as well as to impose serious restrictions for investors. Obviously, neither companies nor investors benefit from all of the factors that eventually lead to serious limitations on the potential of market participants, lack of usability and lack of trust.
However, despite the visibility of the existing problems in the industry, the mechanisms of interaction between investors and brokers have not undergone any significant changes yet. This indicates the special need to introduce new technologies that will dramatically change the current situation.
Genesis Vision has developed a unique solution that successfully addresses the nascent issues. It represents a decentralized trust management platform that is built in mind with blockchain technology and smart contracts. In the wake of numerous implementations, blockchain has proven to be the best router for indispensable advantages, such as openness, immutability, and censorship-resistance of all recorded information, whereas smart contracts, which will be carrying out investment and profit distribution, make these processes completely clear and secure.
From manager’s point of view, the trade process within Genesis Vision ecosystem remains almost the same: the manager will continue to operate on the exchange or through a convenient broker. Nevertheless, a vital element of the Genesis Vision project bases on underlying manager tokens that each manager can issue and then utilize for all spectrum of investment operations.
In the meantime, investors seamlessly access managers from around the world by buying a manager’s cryptocurrency, which size of the issue directly depends on verifiable trade statistics, and private managers can attract more investors and benefit from fair competition.
Genesis Vision, in turn, combines a common open source of reliable information about the statistics of the network participants’ activities with an absolutely transparent system of investment, profit distribution and, importantly, “manager token” trading.
According to the recent announcement, Genesis Vision has launched the alpha version of its GV platform where users will be able to make transactions with crypto and fiat currencies, CFDs, metals and commodities, join the brokers’ community, and choose the role of manager, investor or broker of Genesis Vision ecosystem.
Additionally on April 1, the licensed global broker Just2Trade (branded in Russia as Finam) and Genesis Vision signed a partnership deal that opens major opportunities for the participants in this cooperation. Terms of agreement empower the Genesis Vision managers to trade while enjoying the wide array of Just2Trade’s top-notch services.
Genesis Vision decided to roll out the Alfa version of GV platform in a demo mode for the users to learn the profit distribution mechanics and get familiar with the manager ranking system. By now, anyone can join the Alpha version and try it free of charge since all of the funds will be of virtual value. The demo state will go on for as long as it is necessary to carry out all the testing and honing.
Alexey Kutsenko, CBDO of Genesis Vision, explains:
“We consider it necessary for users to test the platform and understand the way it functions, and only after that they will be able to start trading operations with real funds. The opportunity to test platform without any risk to lose money is a huge advantage for all the participants. We also consider demo mode to be a helpful tool to discover the possible errors and to correct them before the launch of real version.”
Alpha version in demo mode will be available until the project team decides to launch the real account mode. Besides the aspiring fact that the Alpha version is designed to prevent all possible errors that may occur due to the lack of user’s experience and eventually result in funds loss, Genesis Vision has also promised to reward participant with the best performance at the end of demo mode.
Sofiko is a freelance fintech copywriter at Coinspeaker.
With a Bachelor degree in International Business and Economics, Sofiko has been deepening her knowledge of an agile innovative industry primary focusing on the robust blockchain technology and cryptocurrencies. As a bank employee, Sofiko particularly keens on crypto and blockchain integration into the established banking systems.
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