FAQ

  • How does the Genesis vision platform work?

    Genesis Vision is a decentralized trust management platform built on blockchain technology and smart contracts. Each manager in the Genesis Vision network has his cryptocurrency. The process of transferring funds to the manager is carried out by buying a manager's cryptocurrency on the internal exchange. From manager’s point of view, the trade process will not change. The trader will continue to operate on the exchange or through a convenient broker. Genesis Vision, in turn, represents a common open source of reliable information about the statistics of the network participants' activities and an absolutely transparent system of investment and profit distribution, built on smart contracts. Each investor has access to managers from all over the world. Information is available on their trading and profit statistics, which is now accessible in one place. For further information, please, read our whitepaper.

  • What is Blockchain?

    Blockchain is a distributed cryptography-powered database that maintains a list of records, chained together against revision and tampering.

  • What is Ethereum?

    Ethereum is an open-source, public, blockchain-based computing platform featuring smart contract functionality.

  • What is Smart contract?

    Smart contracts are computer protocols that automatically facilitate, verify and enforce the performance of a contract.”

  • How can I buy GVT tokens?

    Purchase will be available during the pre-sale procedure,(based on the option’s sale) and during the ICO.
    Purchase of tokens will be available on https://genesis.vision/ in the Crowdsale Dashboard. During the ICO you will be able to purchase using BTC, ETH direct transfer
    (Minimum purchase amount 20 USD in the equivalent of BTC or ETH)
    During the pre-sale procedure, you will be able to purchase using BTC, ETH direct transfer. (Minimum purchase amount 5 USD in the equivalent of BTC or ETH).

  • Can I participate in the crowdsale without creating an Ethereum wallet?

    No, because GVT is a token issued on Ethereum blockchain, so you need to have an Ethereum address to receive and store your GVT tokens. You can use any Ethereum wallet: MyEtherWallet, Metamask, Parity, Mist or Ledger.

  • Can I participate in the crowdsale from my exchange wallet?

    You can send currencies from an exchange. Please, specify the address of your ETH wallet to receive your tokens after the payment process, because the receipt of tokens is not possible to exchange wallet.

  • What is the minimal investment?

    The minimal investment amount for Options program is 5 USD (in the equivalent of BTC or ETH)
    The minimal investment amount for ICO is 20 USD (in the equivalent of BTC or ETH).

  • How much is a GVT at launch?

    One GVT is equivalent to 1 USD during the ICO launch.

  • What is the total number of GVT tokens?

    44,000,000 tokens will be created in total, of which 36,960,000 will be distributed to the ICO participants, 2,200,000 will be reserved for a fund and 4,840,000 will be circulated among the team.

  • When is the start of the ICO?

    Genesis Vision crowdsale campaign plan to start on Sunday, Oct 15, 2017 (for Option holders) and Oct 16, 2017 for others, and will last for four weeks, ending on November 15. There will be a pre-sale procedure, based on the option’s sale.

  • What is the Options program (pre-sale procedure)?

    Genesis Vision option guarantees the right to acquire GVT tokens at a specified price during the ICO. To purchase the option, an ICO investor pays 5% of his total desired amount of investments. Options will also give additional bonuses for tokens’ amount. Please, clarify the amount of the bonuses and the calculation formula in our whitepaper. Genesis Vision options program plan to start on Sep 15 and will last until Oct 15.

  • What is an 'Option'?

    An option is a financial derivative that represents a contract sold by one party (the option writer) to another party (the option holder). The contract offers the buyer the right, but not the obligation, to buy (call) or sell (put) a security or other financial asset at an agreed-upon price (the strike price) during a certain period or on a specific date (exercise date).

  • Where can I find the bounty program details?

    You can find a Bounty program guide in our blog post and Bitcointalk thread.

  • Why are you using Ethereum?

    We have chosen Ethereum because it is currently the most popular and functional blockchain platform.

  • Do I have to verify my identity to participate in the ICO?

    No, but you need to accept terms and conditions, confirm that you are not US or Singapore citizen.

  • What regions are we serving?

    We are serving the global market. Unfortunately, the sale is not open to US or Singapore citizens. Crowdsale participants must digitally sign a statement that they are not a US or Singapore citizens.

  • Will my data be protected?

    We make sure the entire ICO chain is secure.
    − Code. We balance blockchain code with the regular centralized approach: blockchain holds the bare minimum for our system to be fully trustworthy, and the servers are responsible for complex parts and interfaces. For ICO, we use straightforward, smart contracts proven safe at other projects.
    − Servers. We protect our servers from external attacks (DDoS protection, code audit) and internal attack propagation (compartmentalization, event monitoring).

  • Why do we not accept direct transfers to Smart contracts?

    We abandoned this principle because:
    Sending money to a smart contract is possible without accepting the Term and Condition rules.
    It is not possible to fund Smart contracts from an exchange ( In our crowdsale, you can send currencies from an exchange).
    It is not possible to control the incoming transfers.

  • Will tokens be available on the exchanges after the ICO ends?

    Yes, after successful ICO requests for inclusion of GVT token would be submitted to several exchanges. Negotiations with exchanges are now underway.

  • What can I do with my GVT tokens?

    Genesis Vision tokens will be available immediately after purchase.You can dispose them at your discretion. We are planning to release Genesis Vision platform in 2018. Tokens will become a core of GV ecosystem. GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange.

  • What will happen with unsold tokens?

    Unsold tokens will be burned.