What is Genesis Vision (GVT)?
Future of GVT Cryptocurrency and know how to buy GVT

#1 What is GVT?

GVT - The Basics

  1. Genesis Vision is a platform built for private trust management markets. This platform has been built using the blockchain technology and smart contracts. It was developed with the objective of making the financial market global by uniting exchanges, brokers traders and investors through a decentralised system. It is a solution to problems such as limited information, lack of transparency and lack of trust, or arguably to solve the most crucial industry problems.
  2. The core aim of the project revolves around Ethereum Smart Networks. Each manager in the Genesis Vision network has their own cryptocurrency. The transfer of funds in the network, by a trader, is initiated by buying a manager’s cryptocurrency at the internal exchange. The trader will continue to operate on the exchange or through a convenient broker.
  3. In order to connect with the GVT network, a broker needs to install a plug-in for his trading platform. This plug-in acts as a bridge between the blockchain and the trading platform. It also acts as an interface that accesses the smart contract as well as the broker’s wallet. It receives all transactions of the broker and writes data to IPFS in real time, which is a peer-to-peer method of storage in a distributed system.
  4. GVT is an ERC20 token which will be used for investments, distributions and trade on the internal exchange. The tokens are created during the Token Sale period. Investors will be using GVT while buying manager coins within the platform exchange, thereby, investing in a certain manger and the manager profits will be distributed in the GVT.

GVT Development

  1. To support the development of the platform, a fundraising event was conducted from 15 October to 15 November 2017, where 1 GVT (Genesis Vision’s cryptocurrency token) was sold at the price of $1 USD. The fundraising goal was set at 23,000,000 USD. 33 million tokens were available for sale in this period. The ICO also accepted BTC/ETH in exchange for the token.
  2. Out of these 33 million tokens, 4.8 million were reserved for the team. 2.2 million were reserved for the ‘Genesis Vision Fund’ and 3.9 million were reserved for bounty, marketing and advisers. The total circulating supply as of July 2018 is 3,726,781 tokens while the total hard capped supply is 4,436,644 tokens. The 3.7 million tokens in circulation are the ones which were sold during the ICO, while the remaining which make the total supply are frozen for the Genesis team.
  3. Genesis Vision’s early investment program occured in the form of options sale. Options for the first 20% maximum options cap guaranteed their holders a minimum 30% bonus, the next 30% received a 20% bonus, and the remaining 50% received a 10% bonus.

 

#2 What are the advantages of GVT?

GVT Technology

  1. On the Genesis platform, investors invest money in ‘managers’. These managers essentially provide business strategies for investors to assist them in planning their finances better. Hence, they buy GVT tokens held by the manager of their choice. Investors are able to access all the information about the managers at one place. For every successful strategy, the number of tokens issued to the investors increase.
  2. The set of managers is not limited. Plus the investors can invest in both cryptocurrencies as well as fiat currencies.
  3. The profit distribution is completely transparent on the platform. Moreover, investors have ab edge due to the fact that the managers have a real trade history that cannot be faked.
  4. Investments are liquid and not restricted to just the transfer of money but can also be used for buying cryptocurrencies.
  5. The technical architecture of the GVT platform consists of an internal exchange embedded with smart contracts. Initially, managers have a limited number of GVT tokens depending on their level on the platform. These coins can be bought only from a manager, at first. Afterwards, they can be freely traded among the investors on the internal exchange.
  6. In order to connect to an external trading exchange, the broker must install an integration plug-in for their trading platform. The plug-would will facilitate an interaction of smart contracts with the Ethereum Broker’s Wallet.
  7. The broker can transfer and receive funds from the trading platform through this plug-in. This plug-in is essentially an interface that connects the trading platform with the Genesis Vision Network.
  8. Mobile and web applications have been developed to interact with the platform. These will allow investors and managers to perform basic actions like viewing all the managers, trading coins, viewing the history of trades and statistics as well as investing in managers.

#3 How to buy and store GVT coins?

Buying GVT

The Genesis Vision Token found itself listed on cryptocurrency exchanges by the end of 2017. It could be exchanged for BTC or ETH at other on Binance, KuCoin and HitBTC.

  1. The exchanges mentioned above are only platforms on which you can trade GVT,but CoinSwitch, one of the largest cryptocurrency exchanges , helps users to choose the platform to buy from. It supports more than 140 coins and 45,000 pairs of cryptocurrencies. You can choose any pair you want with the GVT token, and CoinSwitch will facilitate the comparison at different exchanges by showing you the prices at the exchanges it’s sold in, all at the same place.
  2. What’s more – with CoinSwitch, you need not rely on wallets or the exchange you use to buy the GVT tokens. Instead, all transactions can happen to and fro your own private wallet.

STORING GVT

GVT, being an ERC20 token is best compatible with the Ethereum Standard Wallet. However, token holders can store their tokens on wallets like Trezor or Ledger as well. There are other software wallets like MetaMask, MyEtherWallet, Mist, Parity and Trust Ethereum wallets.

 

#4 What is the future of GVT?

Also Read: Complete Analysis of Genesis Vision | Live Genesis Vision (GVT) Price Charts And Predictions

  1. The GVT currency has been highly volatile during 2018, but with the integrations that its company is announcing as well as with the launch of desktop and mobile apps for the platform, it could gain more investor interest and perhaps stabilise.
  2. Furthermore, with the transparency of its transactional processes, the future may seem brighter than it does to its rival coins.
  3. The cryptocurrency is one of the few that has done well during the bear market of 2018, having gone from a price of $7 in Nov 2017 to a high of $8.95 in July 2018. Most other cryptocurrencies meanwhile, have lost 50-80% of their value during this time.

Date

Open*

High

Low

Close**

Volume

Market Cap

Jul 25, 2018

9.06

9.31

8.65

8.95

2,668,310

33,767,700

Jul 15, 2018

7.52

7.84

7.52

7.76

2,495,940

28,019,400

Jul 01, 2018

8.01

8.58

7.87

8.51

2,031,660

29,855,000

Jun 15, 2018

11.75

12.11

10.66

10.72

3,318,020

43,788,400

Jun 01, 2018

14.75

17.94

14.46

16.54

14,440,800

54,983,300

May 01, 2018

22.49

22.68

20.87

22.58

10,464,900

83,799,600

Apr 15, 2018

19.03

20.22

19.03

20.22

7,937,670

70,909,300

Mar 31, 2018

21.44

25.12

21.15

21.62

15,931,500

79,907,700

Mar 01, 2018

26.18

31.24

25.99

29.83

11,500,500

97,577,700

Feb 01, 2018

18.9

19.56

14.51

16.47

2,378,490

70,425,200

Jan 15, 2018

25.61

26.69

22.19

22.37

3,417,950

95,430,200

Jan 01, 2018

9.38

11.44

8.56

11.2

3,888,010

34,944,800

Dec 15, 2017

6.24

6.38

5.33

5.7

4,512,510

23,239,000

Nov 30, 2017

5.45

7.6

5.07

7.05

6,905,510

20,313,100

Nov 15, 2017

2.01

2.68

1.8

2.68

683,667

-

 

#5 What makes GVT different from other cryptocurrencies?

When it comes to investments in cryptocurrencies, GVT stands apart from others.

  1. GVT employs a transactional process that ensures transparency. An investor can access information about the manager they invest in.

  2. More than investing just in a cryptocurrency, investors have the option to invest to seek managerial ideas for business. This requires analytical skills and market knowledge.

  3. The primary objective behind GVT is to create and manage trust in an organisation, unlike many cryptocurrencies that are just a currency.

  4. Investors can buy GVT with both fiat as well as with their ETH/ BTC tokens, which genuinely helps in increasing the investor database.

 

#6 Should you invest in GVT?

  1. Genesis was developed under an experienced and well-versed team. They combined a cumulative experience of many years in addition to a thorough knowledge of the latest trends. The team is currently working to develop an alpha version of its blockchain platform.

  2. The potential of the platform has added to the value of the coin, which had grown over 100% in February 2018 alone.

  3. The future comes with some suspense for GVT as the technology is just a few months old. It did witness some great demand in the industry in its initiation phases.

  4. The price is still relatively low, with a limited supply. For an investor, this could be an opportunity to analyse the cryptocurrency in more detail.
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