The global wealth management industry is a big one, estimated at $90 trillion but is also one riddled with so many issues that need to be solved. Among all the issues, three critical ones have been identified as needing to be solved urgently. They are;
- High costs mainly due to out-dated and labor intensive operating models.
- Limited access to multiple investment opportunities, resulting in poor results for the client.
- Sale of captive products without real competition between asset managers.
As with everything these days, it seems there's nothing the blockchain cannot disrupt! The PHI (Platform for Hybrid Investment) Asset Management Platform allows Asset managers, the Wealth Managers and the Financial Planners to be able to open one or more management lines on which to support their customers but also to acquire customers who are not followed by any Financial Planners and who will invest their money using the only platform that allows professional investing of money even in the emerging asset class of Crypto-Assets through financial products related to these instruments.
PHI's platform is fully digitized where savings and investments can be managed. It is supposed to reduce the commercial supply chains via digitalization and lower the costs of providing investment services and enable you to invest in multiple investment vehicles, including crypto assets.
The project is riding on the back of the 16 years experience of the parent company DIAMAN SCF and is expected to be a success. Also, PHI will be providing to the general public a platform that was previously available to only institutional clients.
Token and ICO Details
The PHI Token ICO began on the 8th of March 2018 and will run until 21st of March 2018. A maximum of 7,881,196 Tokens will be sold during this event.
The token distribution will take place no later than 5th of April 2018.
A buyback system is in place to buy back and burn 15% of the tokens annually. This is supposed to increase the value of the PHI token as the total number in circulation will be reduced.
The value of 1 PHI = $1.61803
The PHI tokens can be staked, or used as payment (this makes it a utility token).
Website - https://www.phitoken.io/
Whitepaper - https://firebasestorage.googleapis.com/v0/b/phi-tokens.appspot.com/o/pdf%2FWP_PHI_Token_v1.0.7.pdf?alt=media&token=38285346-519f-42cf-b803-14e803c1ff07
Twitter - https://twitter.com/PhiToken
Facebook - https://www.facebook.com/PHIToken/
Telegram - https://t.me/joinchat/AecpoEhlgK2yC70FzPp0iA
ANN Thread - https://bitcointalk.org/index.php
Authored by 23xfi
ETH - 0x00889349Ca058116E6430Faf92FDa4fD7EC4f51e