DeFi has come a long way from the primitive core protocols to now those involving complex multiple core competencies. One field that it appears to be deficient in is the fund management – service involving crypto-assets offering active and passive strategies to generate profits on one’s assets with little action on behalf of the user. Enter Genesis Vision.
The cryptocurrency market-capitalization is at $1.76 trillion currently and the wealth management industry was recently estimated at an astronomical $89 trillion in assets under management (AUM) in 2019. So, of course the potential is huge for these kind of protocols and luckily for Genesis Vision, there is barely competition out there.
What’s Genesis Vision?
Genesis Vision is a blockchain-based decentralized fund management protocol, which allows users to delegate management of their funds to other wealth managers. The best part is that it’s not limited to only crypto, but includes forex, metals, stocks, indices and commodities. This service is enabled through brokerages and exchanges partnership with the platform.
You can create/manage your own investment programs with highly customizable parameters, delegate your funds for management, invest directly into assets, copy other traders (with a publicly visible profile) – all from one interface. Plus, the wealth managers have a profile for tracking their performance and past record, so the credibility can be established.
The benefit is that Genesis Vision traders can monetize their time and skills, users can benefit off each other, plus inexperienced traders or investors can simply allow others to manage their money in lieu of a fees etc. It’s non-custodial, decentralized and fully transparent.
Features Of The Platform
The investment deposits are made using BTC, ETH, GVT, USDT or USDC. There’s a FIAT-on-Ramp available through MoonPay. Most of the features are available without KYC/AML checks, but creation of forex trading accounts and limit removals for investments are limited.
The native token is ERC-20 standard GVT, which is available though both KyberSwap and Binance. For GVT, the supply is 4.4M and the total marketcap is $27.6M, indicative of a massive token value upside potential. Every fund must allocate 1% of it’s assets to GVT, profits are paid off in GVT etc.
Plus, the model is deflationary, so certain percentage of the profits are burned. It all boils down to the fact that the Genesis Vision is a unique project with no proper competitors and a potential marketcap of hundreds of millions of dollars. The platform receives regular updates and adds more assets.