Genesis Vision - the decentralized trust management

in #blockchain6 years ago

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Genesis Vision is one of my absolute favorite projects in the crypto world. They seem to be a talented, hard working team who I believe are going places. I invested during the initial ICO and currently those coins have increased from $1 to $30! Pretty good right? Now it's my belief that this is just the beginning and if they meet the targets of the whitepaper and roadmap Genesis Vision Tokens will be worth considerably more again.

"Genesis Vision is a decentralized trust management platform built upon blockchain technology and smart contracts."

Basically they are a trading platform that combines stocks/shares, assets like gold and silver, cryptocurrencies and more. In doing so they are bringing together exchanges, brokers, traders, and investors into one decentralized, open and fair network. Their own Genesis Vision Tokens will be used as the currency of the platform. One of the biggest draws of Genesis Vision will be the potential to invest the tokens on managers/brokers with a proven track record (recorded in the blockchain).

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"Genesis Vision is going after a 70 trillion dollar market."

"The total supply of Genesis Vision Tokens is 4 436 644 with 3 726 781 in circulation."

"If GVT is able to capture half a percent of the addressable market cap, 0.5%, its market cap would be $350B. This would mean one GVT would be worth $94,000."

"$1B Market Cap = $270 per GVT"

"$5B Market Cap = $1,351 per GVT"

"$10B Market Cap = $2,703 per GVT"

"$20B Market Cap = $5,405 per GVT"

Now it would be ridiculous to think of achieving 100% of the market but if they even capture a fraction of $70 trillion then the tokens are going to increase a lot. Just look at the numbers provided above. Of course, there's more to it than just these figures because there are always so many factors in cryptocurrency values, the biggest being speculation from investors (FOMO and FUD). However, this is a coin with a use and the more it is used - the greater the value. This has been made especially true by the low number of tokens in circulation: 33 million were available during the ICO. In the end the remaining 28.5 million or so were destroyed. This too could seriously affect the supply and demand once the platform is launched (beta on April 1st).

"Genesis Vision already has quite the advantage being that the Chief Business Development Officer of Genesis Vision is Alexey Kutsenko. Mr. Kutsenko is the CEO of the well known Tools4Brokers platform. Because of this Genesis Vision can tap in to existing brokers of Tools4Brokers which will consequently bring participants to the platform (the existing managers & investors in those managers). Also, there will be marketing covering two sides: B2B to attract brokers/exchanges/big money managers and B2C to attract investors and common traders."

"The team has quite the roster of reputable advisors with names such as Charlie Shrem, Konstantin Gladych, and Demetrios Zamboglou."

This is actually why I invested in the ICO, the team. They are already established in the real world. Some members of the team I'd even seen before win a national hacking competition in Russia! Actually being competent is so important in the world of cryptocurrency and especially ICO's. Also, having these links already in place like with tools4brokers is fantastic.

This is why, without doubt, Genesis Vision has been my favorite ICO and the one I'm most optimistic about (that I've invested in).

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P.S. I am not saying go and invest without doing your own research. These are my views but I do not offer investment advice. In general crypto is not considered a safe investment yet anyway so please only invest wisely people.

If you liked my post then please upvote and or follow.

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Thanks for the info!

I find finding even the inital concept of all the coins hard. I wish there was a site which catagorised them alk into coin/business types!

Thanks I appreciate it.

Yeah you are right such a site would be good. I may attempt a post about different types of coins with examples because it can be a mind field at times with so many different ones...

Great article! I didnt know about Genesis until now!

Thanks a lot glad you liked it

This post has received a 1.56 % upvote from @drotto thanks to: @tomsweet.

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My investing strategy hasn't been about only making money in crytos (and I am sure yours isn't either) :)
Naturally making some bank is PART of my focus, but it's the practicle applications and peer to peer trading that really does it for me.

I accept BTC in my business and ETC, though as my business grows in size, I will accept other Crytos I have done my due diligence on. I love to use the trading platforms of cryptos, decentralised is all I needed to hear, our broken financial system and greedy banks and government will have to adapt now which is wonderful for us!

A very good post! It gets my vote for sure.

You are right we are all responsible for our own research.

Before I invest in any crypto I research. Mainly just ETH and BTC - and many of the ALT coins are just speculative value, and of course where there is money, there are greedy people, offering false promises. That said there are great alt coins and many people have made a lot of money in them too.

It's the people working on the project that must be researched too, many have made claim that their coin is superior, but we must look at market share too.

As one of my many mentors says, 'You may be able to make a better burger than Macca's, but can you successfully market to as many people and SELL as many as they do, are you able to be as successful in selling burgers as they are (can you achieve market share)'?

Likeliness is, unless you are REALLY passionate about burgers and it's your dream to sell them to the world, you will never get even 1% as big as Maccas.

Genesis does look very promising!

Thanks for your reply

Wow greate article!
Thanks for using the @postdoctor service!

Interesting @tomsweet, thanks for the introduction. They have jumped on my radar lately of wanting to learn more about them so your post is a good start in me doing that! Poly Math of course is working to facilitate security tokens, which this really sounds like it needs to be in working with brokers, etc. Do you agree? Have you heard anything in regard to their ability to comply with regulations as the SEC starts cracking down on coins and tokens?? Thanks for the read.

Hi thanks for your reply. Genesis Vision seem to take all regulations extremely seriously. Just today I received an email from them which included this:

"Genesis Vision is pleased to announce the cooperation with one of the key Finam Group members - Just2Trade, which is a fully licensed and heavily regulated global broker with offices in USA, Europe, Russia, China, Mexico and India. It has been launched by Finam Group in order to provide direct access to financial markets for traders based in America and Asia, awarded for the lowest commissions and best customer service.

Besides Just2Trade, Finam Group of Companies comprises of WhoTrades - a worldwide financial social network project, CJSC Finam - one of the biggest stock brokers in Russia, Finam Forex - the first licensed and regulated forex dealer in Russia, Finam Bank – fully licensed retail bank, Finam Global - investment fund with over $1 billion assets under management, and Finam Aero - a wholly owned airfield. Finam has been established in 1994 and was one of the first companies offering real-time trading. With over 20 years of experience in financial markets, Finam provides first class services to over 320 000 clients worldwide."

The whole time I've been so impressed with their dedication to being above board. I'm in the UK so I can't really comment on SEC crackdown but I think I'm right in saying that even when most ICO's weren't accepting US citizens GVT were as they had complied with US regulations so much...

I don't work for them lol but I've been impressed.

This post is resteemed and upvoted by @bestboom

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