Genesis Vision ($GVT) launched in November 2017, is aiming to be a prominent decentralised asset management platform, built on the blockchain & smart contract technology encompassing brokers, traders, exchanges, fund managers and other key financial instruments, all onto one sleek, easy to use interface.
Genesis vision has emphasised major flaws/inefficiencies in the current asset-management industry and the need to re-work & improve the trust management sector.
Genesis vision is very unique in its design as each manager has their own cryptocurrency, a first we have seen in the cryptosphere. The model does not differ to traditional brokerage or asset management as users will have access to managers worldwide and transferring funds to the chosen manager is carried out via the managers’ cryptocurrency executed within the Genesis Vision internal exchange.
Genesis Vision will have to be quick to market as influential Wall St players are quickly joining the race looking to “Bridge the gap” between traditional finance and the ‘New Economy’ of decentralisation and cryptocurrency.
Lets take a deeper dive into Genesis Vision and their unique offerings;
TITLE/TICKER : Genesis Vision / $GVT
COMPANY ORIGIN : U.S
PLATFORM :Ethereum (ERC-20)
CONSENSUS ALGORITHM : N/A
PURPOSE : Decentralised Asset Management/Brokerage platform
POINT OF DIFFERENCE : Instant worldwide access, managers own their own cryptocurrency to share value.
MAJOR PARTNERS : See the full list below
WEBSITE : Genesis Vision Website
POSITION/WHITE PAPER : Genesis Vision Whitepaper
WORKING PRODUCT ? : Yes
CURRENT PRICE ACTION :
What problems is Genesis Vision looking to solve?
Genesis Vision is looking to provide solutions to a number of problems currently experienced with brokerage platforms to date including but not limited to;
- Non-transparency – all data is stored, non-immutable on the blockchain.
- One/Easy to use platform/interface– All users on one platform.
- Cost-effective – with the removal of middle-men.
- Security – backed by cryptography/blockchain technology.
- Corruption – decentralised and not owned or controlled by any one entity.
Advantages for Investors
Genesis vision provides many new advantages for investors including;
Advantages for Brokers
Genesis vision provides many new advantages for brokers including;
Advantages for Private Managers and Funds
Genesis vision provides many new advantages for private managers and funds including;
How does Genesis Vision work?
Genesis Vision works by providing a decentralised platform where anyone with a proven trading history can acquire investors money to manage and grow their funds, exactly how we see the brokerage model today. Genesis vision as said earlier has placed a huge emphasis on the Trust Management market/model – which has many flaws and problems that the blockchain can mitigate and provide solutions for.
There are three major platform participants on Genesis Vision;
What does the Genesis Vision token do? Purpose?
The Genesis Vision token is ERC-20 built on the Ethereum blockchain and is classed as a ‘Utility Token’ which can be used for various functions on the Genesis Vision Platform including investing, distributing clients profits and for managers to distribute their own cryptocurrency.
Genesis Vision vs Competitors
Genesis Vision has a number of competitors including but not limited to;
- Etoro – Social trading platform
- TD Ameritrade
- E Trade
- Interactive Brokers
- Merrill Edge
- (Wall St) – Any of the big giants could potentially swoop and capture a large portion of this market, this is Genesis Visions biggest threat we see
Genesis Vision is competing in a monumental market with huge opportunity and growth. Lets take a look at the numbers;
Genesis Vision Team
The Genesis Vision team is led by CEO Dmitry Nazarov & Ruslan Kamensky. Genesis Vision boasts a large team and strong advisory network consisting of notable figures such as Charlie Shrem, Konstantin Gladych and many more… Check out the latest interview with Dmitry below;
See Genesis Visions full team here
Genesis Vision is currently partnered with;
We expect more partnerships to be announced, stay tuned.
Where can you purchase Genesis Vision $GVT?
How to protect & store your Genesis Vision $GVT Tokens?
We recommend downloading an approved wallet from the official Genesis Vision Network (if released) otherwise we always recommend using a Ledger Nano S or Trezor – where your private keys are never exposed online. Genesis is an ERC-20 token so storage is no problem on either hardware wallets.
Please always refer to the Hardware wallet websites for an accepted, proven list of projects.
Outlook for Genesis Vision?
Genesis Vision is a very interesting project in terms of its unique value offerings including its own internal exchange thus eliminating third parties and a high-fee structure. Genesis is also incorporating AI and a tokenised model that has validity.
However, Genesis vision is competing in a very deep talent pool with sharks roaming e.g Wall St and major traditional institutions circling with blood in the water and a new market ripe for the taking. The real draw-card will be how well Genesis Vision’s platform performs with their new innovative features and as always speed to market will be crucial to success.
A Beta Launch of the Genesis Vision platform is anticipated Q3 2018, time will tell if the team can deliver all that is hyped. Keep Genesis Vision on your radar…
Reach out if you have questions about Genesis Vision $GVT or need help with any topic.
Disclaimer: None of our Analysts were holding Genesis Vision $GVT at the time of writing this article. All content is research, opinions and personal view points from our Analysts. This is not financial advice and should not be treated as such. If you have any queries please contact [email protected]