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Beginner’s Guide to Genesis Vision: Platform for Private Trust Management

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Genesis Vision is a trust management platform. It offers a decentralized network where brokers, investors, traders, and exchanges can work together and interact. It overcomes the current problem of a lack of information with smart contracts and blockchain technologies, along with the issues of a lack of transparency and no trust as a result.

Within Genesis Vision, every trust manager uses their own cryptocurrency used to attract investment. The team’s clear vision and the platform’s scalability should help it stand out from other blockchain offerings.

Genesis Vision

What Problem Does Genesis Vision Address?

As mentioned, the main issues that Genesis Vision aims to address are the lack of information, transparency, and trust in the world of trust management. Although the industry grows at a steady rate, the current mechanisms for trust management still fail to meet the requirements of modern managers and investors. Managers are tied with their exchanges or brokers, meaning their investors are, as well. At the same time, there simply isn’t any reliable source of statistics and information in a single, consolidated location. Because of the lack of information, investors have limited choices, and managers find it challenging to get new funds from investors.

Features

This is made even worse by the lack of transparency. After all, brokers have technical skills to influence the data related to statistics and trade history for managers, and investors have no way to see what of this information and history is real. Furthermore, the entire process of investing and distributing commissions and profits occurs within trading platforms in a way that market participants do not have access to.

All these issues have led to the possibility of fraudulent activities, such as Ponzi schemes, with the fraudsters using the complicated nature of the system and its lack of transparency to their advantage. The reaction, tightening regulations, makes it even harder for trust managers to get licenses, hurting all parties involved.

How Does Genesis Vision Resolve These Problems?

Between decentralization, smart contracts, and blockchain technology, Genesis Vision has multiple pieces of technology in play to help resolve the issues mentioned above. The blockchain tech delivers openness, censorship resistance, and immutability of information. The smart contracts further ensure openness and transparency.

How Does Genesis Vision Benefit Users?

The setup of Genesis Vision allows it to benefit everyone involved in trust management. The investors can connect with all financial instruments and managers for a range of options. This platform essentially gives investors the option to access managers from anywhere in the world. Before choosing a manager, investors can easily view the statistics and trading history of that manager, both of which are reliable and in a single location. There are also no issues of trust thanks to the transparent investments and distribution of profit. Investors can even invest in both fiat and cryptocurrencies. There is also added liquidity since investment comes via buying a cryptocurrency that investors can then sell whenever they want.

Interface

Managers get to brand their own cryptocurrency and take advantage of unlimited scaling for their trading strategy. They also get to utilize investments from the Genesis Vision fund. Brokers will see an increase in trading volume and enjoy completely free participation. All the software is also open source, making it free to use and transparent to understand.

How Do the Individual Crypto Tokens Work?

Every manager has a unique cryptocurrency with the issue amount depending on the success indicators of trading. This way, when you make better trades, you can attract more investments. There is an internal exchange where investors can exchange their crypto tokens at any point they want, including between reports from the manager. This lets investors build and follow their own strategies for investment.

When a trader chooses to invest in a manager’s vision, they will simply buy that manager’s cryptocurrency using the internal exchange. Managers will not see any differences to their regular trading processes, and the trader will still operate either with a convenient broker or on the exchange.

What Investment Strategies Are Available?

Genesis Vision appeals to investors with all levels of experience since it lets you create your own investment strategy if you want. If you choose, just visit the internal exchange and buy the crypto tokens associated with the manager of your choice. If you prefer, you can explore the Genesis Vision investment portfolios generated by artificial intelligence, which include a vast array of options.

What Is GVT?

GVT is the token for the Genesis Vision platform and will be a core part of the ecosystem for the platform. It will be part of all investment operations and profit distributions. Due to the limited number of tokens and the lack of future issuance, GVT’s price will be based on its demand. During the ICO, each GVT was valued at $1 USD. GVT will also be used for the trading managers’ tokens within the platform’s internal exchange.

GVT Token

The team behind Genesis Vision foresees the demand for GVT growing duet to the active client base, an increase in the trading volume of the network members, and the well-thought-out plan for marketing and development.

How to Buy Genesis Vision GVT

As of the time of writing, you can trade GVT on several exchanges, including Etherdelta, Kucoin, HitBTC, and Binance.

You are not able to purchase GVT with “Fiat” currency so you will need to first purchase another currency – the easiest to buy are Bitcoin or Ethereum which you can do at Coinbase using a bank transfer or debit / credit card purchase and then trade that for GVT at an exchange which lists the token. Read on to see how to purchase it.

Register at Coinbase

For first time buyers of crypto currency, we recommend that you use Coinbase to make your first purchase – its easy to use, fully regulated by the US government so you know it is one of the safest and most reputable places to purchase cryptocurrency from. Coinbase offers the ability to purchase Bitcoin, Litecoin and Ethereum with a credit or debit card or by sending a bank transfer. The fees are higher for cards but you will receive your currency instantly.

You will have to carry out some identity verification when signing up as they have to adhere to strict financial guidelines.

Make sure you use our link to signup you will be credited with $10 in free bitcoin when you make your first purchase of $100.

Coinbase Website

To get started, click the “Sign up” button where you will be taken to a registration form where you will need to enter your name, email and choose a password.

Purchase Ethereum

In Coinbase, visit the “Buy / Sell” tab at the top, select “Ethereum”, choose your payment method and enter the amount you wish to purchase – you can either enter a US Dollar amount or a number of Ether.

Buy Etherum

You will then be asked to confirm your transaction, if paying with a card you might have to complete a verification with your card provider. Once that’s complete, your Ethererum will be added to your account.

Purchase GVT at Binance

You can now send your Ether over to Binance to make your purchase of GVT, take a look at our review of Binance here to see how to signup and purchase on their exchange.

Binance Wallets

GVT is also available on the following exchanges:

How Many GVT Tokens Are There?

There are 4,436,643 GVT tokens in total. 3,327,482 GVT were sold during the token sale. A further 11 percent of the total tokens, equal to 488,030, was reserved for the team and was frozen for a year. Another 5 percent, or 221,832 GVT, is reserved for the Genesis Vision Fund. Those tokens will no longer be frozen following the platform release, at which point they will be used to attract managers and stimulate their activities. There were also 33,274 GVT distributed as part of the Bounty Program, although Genesis Vision says that did not affect the price. Unsold tokens were burnt.

Conclusion

Genesis Vision is a welcome addition to the trust management industry by answering issues of a lack of information, reliability, and trust. Its use of the blockchain technology should effectively resolve these issues while benefiting all parties involved.

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Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com

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