Blockchain based decentralised asset management platform
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a company identifies itself, but even the smallest details about it.
This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance.
For the above mentioned, we stand on our toes checking all the ins and outs in a company’s business history and reputation.
In this review, we host Genesis Vision, a decentralized asset management platform built on blockchain technology.
Genesis Vision is a blockchain based decentralized asset management platform which is designed to connect people who want to trade (or access the investment landscape) with individuals who actually know how to trade. Genesis Vision investors trust their funds to Genesis Vision managers, who trade using the pool of attracted funds, subsequently sharing the resulting profit with all of their investors at the end of a set period.
Genesis Vision started its life on November 20, 2016, when the founders of the company Ruslan Kamenskiy and Dmitry Nazarov won the HackRussia all-Russian hackathon in the nomination “Finance and Blockchain”. The idea of a transparent asset management platform showed up and proved to be quite lucrative and the team made a decision to hold an ICO (Initial Coin Offering) as a source of the initial capital.
Prior to the start of the ICO, during the pre-ICO period, the project was certified by the Financial Commission and also passed the Howey test. The ICO started on the 15th of October and it lasted for a month until the 15th of November. During the token sale, 3,327,482 GVT were sold. The resulting amount of funds attracted for the Genesis Vision projects development equaled $2,836,724.
Further development of the project took place at a truly rapid pace, with the Alpha version of the platform being released on the 1st of April 2018. On the 16th of March, 2018, the team announced the development of a new project called Genesis Markets. Genesis Markets is a project set up to create a crypto-broker that was able to aggregate multiple data from various sources. Such an approach from the very outset results in an unprecedented amount of assets gathered into one space, negating the need for multiple crypto exchange accounts. The Genesis Markets crypto broker was launched on the 7th of June 2018. The main release of the platform happened on the 30th of October 2018. On the day of the launch, Genesis Vision also showcased the next step in the evolution of the project by officially announcing, the Genesis Vision Network.
The company enjoys a reputable name among its clients in the market. The company was not able to reach such a result unless the potential it has satisfies all sides.
Here is how the company words:
Genesis Vision allows:
- Traders (GV managers) to raise money from investors (GV investors) and manage funds by trading on Forex, Metals, CFD, Indexes and Crypto markets. GV managers are companies/individuals with proven trading history, ready to acquire investors' money for management on investor’s behalf. The profit, received as a result of management of the total funds, is shared proportionally between the managers and investors. Managers charge commissions for their service and they can select these themselves.
- Investors to make money by choosing the right management program. GV investors are the market participants who do not trade within 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.
Genesis Vision is not a brokerage company and doesn't provide any trading conditions, GV managers are trading with brokers and exchanges integrated. GV managers conduct their traders on Forex, Metals, CFD, Indexes markets via Just2Trade Online. Trading is carried out using MetaTrader 4 software. Traders are free to use any expert advisors or trading robots. They can build their own Expert Advisor or purchase it from a third-party developer. Crypto trading is available via Genesis Markets.
iOS application and Android applications are available for investors. For managers there is only a web version available at the moment.
Traders can use leverage on Forex, Metals, CFD, Indexes programs only. Maximum leverage level is 1:100
All deposits and withdrawals are being processed automatically, but in case of withdrawal of an amount equivalent to more than 1 BTC or an amount exceeding the size of the initial investment, manual confirmation from our administrators is required.
At the moment it is possible to make a deposit to the platform using GVT, BTC and ETH. Though the primary way of investment is GVT, so if a person makes a deposit using Bitcoin or Ethereum, it will be instantly converted to GVT. GVT (Genesis Vision Token) is based on the ERC20 Ethereum token standard. GVT is used for all investment operations, profit distributions and managers’ token trading on the internal exchange.
Investment programs have two fees and their size is determined by the manager. An entry fee is a commission for investment, which is charged upon every investment in the program. A success fee is a commission payment for the successful work of the manager, and it is charged from total profit.
There is also a platform fee of 0,5% charged upon every investment.
Currently, support is available 24/5, but support representatives are replying to client's inquiries during the weekend as well.
Clients can reach out to the support team via the email address listed on the company's website.
Currently, Genesis Vision is established in Ireland and there is no legislation on cryptocurrency operations at the moment, so the short answer is no. However, GV is in the process of restructuring the company and in the nearest future will move operations and cryptocurrency conversions to more advanced jurisdictions in terms of crypto.
To sum it up, we, at AtoZ Markets, can confidently say that Genesis Vision enjoys having a high profile in the market today and a respectable reputation. The company has proven to be client-oriented in a short time relatively, with a record of supporting the client with all the tools they need for their operations.
The following is our final word on Genesis Vision's positive and negative points we could spot in our study:
- Based on blockchain
- An advanced asset management platform
- Multiple markets supported
- Automated deposits/withdrawals
- Cryptocurrency deposits/withdrawals
- An advanced risk management system
- No fiat money deposits/withdrawals
- No regulation
The maximum limit on investments in one management program