Whitepaper

FAQ

  • How does the Genesis Vision platform work?

    Genesis Vision is a decentralized trust management platform built on blockchain technology, utilizing smart contracts. Each manager in the Genesis Vision network has their own cryptocurrency. The process of transferring funds to the manager is carried out through buying a manager’s cryptocurrency on the internal exchange. From the manager’s point of view; the trade process will not change. The trader will continue to operate on the exchange or through the existing convenience of a broker. Genesis Vision; in turn, represents a common open source of reliable information about the statistics (performance) of the network participants' activities and a fully transparent system for investment and profit distribution. Each investor has access to manager’s from all over the world. Information is available on their trading and profit statistics, which is now accessible in one single place for investors.

  • What is Blockchain?

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

  • What is Ethereum?

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

  • What is a Smart contract?

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

  • How can I buy GVT tokens?

    GVT is tradable. You can buy GVT on the exchanges that have so far listed the token.

  • On what exchanges GVT is currently traded?

    GVT was listed on 5 exchanges:
    1)Binance:
    https://www.binance.com/trade.html?symbol=GVT_BTC
    https://www.binance.com/trade.html?symbol=GVT_ETH
    2)HitBTC:
    https://hitbtc.com/GVT-to-ETH
    3)Kucoin
    https://www.kucoin.com/#/trade/GVT-BTC
    https://www.kucoin.com/#/trade/GVT-ETH
    4)Etherdelta
    https://etherdelta.com/#GVT-ETH
    5)Lykke
    https://www.lykke.com/cp/tokens-and-coins-traded

  • How to buy GVT on Binance exchange?

    First of all you should transfer your ETH/BTC to Binance account. After that you should open necessary pair GVT_BTC or GVT_ETH.You should choose buy order and set desired volume. You can wait for a preferable price or buy without waiting at the top price.

  • What is a Genesis Vision Token?

    Genesis Vision has its own token: GVT (Genesis Vision Token). GVT is based on ERC20 Ethereum token standard. GVT will be used for all investment operations, profit distributions, and managers’ token trading on the internal exchange.

  • Are GV tokens securities?

    We have received a conclusion on the The Howey Test passage that our token can't be deemed as a security. https://genesis.vision/genesis-vision-memorandum.pdf

  • 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?

    The total amount of GVT tokens: 4,436,643. GVT token address: 0x103c3A209da59d3E7C4A89307e66521e081CFDF0
    During the token sale, 3,327,482 GVT were sold.
    11% of total tokens (488030) are reserved for the team and frozen for one year at 0xad41cd44884f0fa1968297743152bc9f572f1edb
    5% of total tokens (221832) are reserved for the Genesis Vision Fund at 0x193ba8fc72193f3cce8423786f451bbd755de312. These tokens will be unfrozen after the Genesis Vision platform release and will be used to attract and stimulate activities of successful managers.
    33274 GVT were distributed via the Bounty Program, but that hasn’t actually affected the token price.

  • When was the start of the ICO?

    Genesis Vision crowdsale campaign was held from October 15, 2017 to November 15, 2017. There was a pre-sale procedure, based on the option’s sale.

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

    Our pre-sale was based on the options sale. The investor paid 5% of his desired investment amount during the pre-sale, and the remaining 95% has to be paid during the ICO. Execution of options tokens provided a bonus of 30%. Genesis Vision options program was held from September 15, 2017, to October 5, 2017.

  • 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 financial asset at an agreed-upon price (the strike price) during a certain period or on a specific date (exercise date).

  • Was there a bounty program?

    Yes, there was. You can find our Bounty program details in our blog post and Bitcointalk thread. https://blog.genesis.vision/genesis-vision-bounty-program-88d2daa30268 &
    https://bitcointalk.org/index.php?topic=2143273 respectively.

  • What if you specified an exchange wallet address during your purchase?

    You can send currencies from an exchange, but you have to specify the address of your ETH wallet (non-exchange) to receive your tokens after the payment process because the receipt of tokens is not possible to an exchange wallet. If you specified exchange wallet address, you should contact the exchanges support department and ask them to transfer your tokens to your personal ETH wallet address, such as MyEtherWallet, Metamask, Parity, Mist or Ledger. – We cannot help further other than direct you to the exchanges support teams.

  • What regions are we serving?

    We are serving the global market.

  • 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.

  • What can I do with my GVT tokens?

    You can dispose of them at your discretion. We are planning to release Genesis Vision platform in 2018. Tokens will become a core part of the 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?

    All unsold tokens was burned.