GV Funds, that were launched 3 days ago, work in a way that is very similar to mutual funds; the funds give small or individual investors access to professionally managed portfolios of equities, bonds and other securities. GV Funds are portfolios of multiple assets, gathered and chosen by the manager.
The community is currently voting on which cryptocoins (aside of the default ones) should be added as an asset option for GV funds. Last round was won, as expected, by the top coins: XLM, XRP, BAT, ADA, LINK, EOS, ENG, BCH, WTC, WAN. You can give your vote here.
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.
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.
While it does have strong competition in eToro and ZuluTrade, the main advantage of Genesis Vision over these platforms is decentralization. It will also have Metatrader integration which should help bridge the gap between the Forex and the crypto worlds. Finally, the Genesis Market will offer a legitimate way of earning money from crypto even in a long term bear market. As such, it should be an attractive platform for people who wish to own and invest into crypto but don’t have the skills or time to hone them.
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