How Trecento is doing this revaluation by using blockchain technology
Technology must be a tool to improve our processes, monitor our activity and our performance. We are going to use different tools from “traditional activities” and will use a Blockchain solution instead of a classic SaaS solution. This leads us to develop devices based on Blockchain and web standards. We will leverage the Blockchain technology on various levels within Trecento) Blockchain Capital:
• Token Sale: Ethereum ERC-20 for our ICO - Token Distribution;
• Online Onboarding: based on online KYC/AML technologies and partners, we will use blockchain to whitelist our users and ETH addresses;
• Fund Management: with Smart Contracts, we will be able to collect funds directly from investors and distribute the fund shares. Redemption will also work with Smart Contracts for investors to exit the funds and get their money back;
• NAV Calculation: the Net Asset Value (NAV) will be calculated in real time and will be recorded and saved on Blockchain twice a day;
• Reports: All of our stories will be registered on Blockchain, thus permanently accessible and fully transparent.
With the Blockchain and Ethereum Smart Contracts, it is easier for asset management companies to collect money online. In the off-chain (real) world, the process of investment in a fund can be very complicated and take several days (usually two trading days). Thanks to the Blockchain & Smart Contract technology, this process can take less than 1 hour, with the same level of compliance and a better standard of security. Individual investors can join a Smart Contract and decide to invest in a fund. The Smart Contract will manage subscription/redemption orders for any particular investor, calculate the NAV (automated) and will allocate its money into the funds he has chosen. All of our Smart Contracts will be open source and audited. Anyone will have the possibility to check the Smart Contracts, their conditions, and processes.
• Register on our online platform;
• Perform KYC/AML procedures (upload ID, Selfie, and complete Personal & Financial Information);
• Add investor ETH address;
• Fill the Investor Risk Profile Questionnaire;
• Read, Accept and Sign (online manual signature) the Smart Mandate;
• When everything is finished and validated, user/investor & ETH Address are whitelisted;
• An investor sends his money to the Smart Contract;
• Through the Smart Contract, investors can make a redemption order whenever they want.
The NAV will be calculated using internal and external data, provided by an Oracle, which will fetch the data on specialized Websites and data providers. Those data will come from different third-party sources to maximize the security and the reliability of such information. The code source of the script used to calculate the NAV will be put on GitHub and will be open source. To prove that we use this script, we are going to Hash the NAV script, and provide the Hash on each transaction using the NAV.Trecento)
We are going to accept Offline & Fiat subscriptions to our funds. To do so, an investor will have to contact our investment team to complete the wiring of the funds. The conversion will be made considering the ETH/Currency Rate defined at a specific time and parity. Investor’s share NAV will be the NAV of the day.
Trecento) Blockchain Capital will have a strong Security Policy:
• Each internal tool will use an Access & Rights management to segregate the use & permissions;
• Redundant Servers are going to be used, and a continuity plan will be established; • Wallets/Crypto Funds Security (cf. Wallet management);
• All unused money will be stored in cold wallets;
• Private keys will be printed, split, and saved around the world in different locations;
• A cash reserve will be accumulated and meant to be used on platforms or transferred to cold wallets; • Wallets will have multi-signatures;
• Wallets will only be accessible from Whitelisted IPs;
• A transaction limit will be set up (per day/per week/per month);
• Withdrawals will need an ID confirmation (video call).
| ICO NAME | Trecento |
|---|---|
| Website | https://ico.trecento-blockchain.capital/ |
| https://twitter.com/TrecentoBC | |
| Telegram | https://t.me/trecentobcroom |
| https://www.linkedin.com/company/trecento-blockchain-capital | |
| Author Bitcointalk ID | Jerrycryptofield |
| Bitcointalk profile link | https://bitcointalk.org/index.php?action=profile;u=1660015 |
| ETH wallet address | 0xBc41d2eCe871178a375d3e636ff6dEd1fBaCA1C2 |