Don’t miss out on this one! Genesis Vision (GVT) launch is around the corner

Number of crypto projects is by some estimates larger than 4000, while the number of actual working products is less than 50. The user numbers on those working products is laughable, especially if we exempt scammy Ponzi schemes and gambling apps. However, the crypto space is going to be richer for a real working product on October 30th as Genesis Vision releases its live version on Ethereum blockchain.

Genesis Vision, according to their site, is “the first platform for the private trust management market, built on Blockchain technology and Smart Contracts”. In simpler terms, they are creating an easy-to-use app where users who have no knowledge on how to invest their money can give it to someone who has such knowledge, and it will all be done on a trustless platform. From the white-paper, there are 3 types of people on the platform:

  • Managers: Management funds/traders are companies/individuals with a proven trading history, ready to acquire investors’ money for management. The profit, received as a result of management of the total funds, is shared proportionally between the managers and investors. Managers receive a commission for management and a commission from the profit (success fee).
  • Investors: Investors do not trade in the market directly. Instead, investors transfer their funds to experienced traders who manage the funds for them. Investors get their shares from their managers’ profits.
  • Brokers: 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.

The final GVT platform will support different markets: forex, stock and crypto all integrated onto one app. GVT alpha release was on April 1st and it only included forex markets, however, their live version will have the other two markets as well.


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GVT is a great improvement to the current opaque model of investing through brokerage houses that are everything but ethical and transparent about their inner-workings and handling of clients’ money. A smart contract on Ethereum blockchain that will be the engine of GVT platform will remove all of these traditional drawbacks and run an utterly trustless machine that puts complete control into the hands of money owners. The investors who posses actual knowledge and trading skills will benefit hugely from the GVT features as the platform will make sure to provide transparency and necessary tools for money owners to eliminate and cut out the scammers and “fog sellers” and give their investing money to the actual professionals.

The holders expect a nice price rally because of this event and even more so after the platform goes live as the team plans to start their marketing activities following the launch. As the marketing campaign kicks off a lot of those people who are hanging about the endges waiting for a less risky proposal will be engaged which could drive the price up to the new highs.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Philipp Traugott

Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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