Nousplatform ICO review | A Global Platform for Investors and Decentralized Investment Funds

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Online Income Index

7 min readMay 8, 2018

Platform for investors, decentralized investment funds and asset tokenization

Company is registered in Scotland U.K Incorporation details of Nousplatform ABB Capital LP, Company Number SL023197. Suite 1, 4 Queen Street, Edinburgh, Scotland Uk, EH2 1JE Scotland, UK.

Website: https://nousplatform.com

White paper & Presentation

Introduction of Nousplatform

With the emergence of cryptocurrency and the ability to raise capital via an initial coin offering (ICO), new financial markets have been created and the rules of participation in those markets are developing very rapidly. This has created an enormous demand for trusted, transparent and simple technology for traders, investors and subscribers alike. What was science fiction just a few years ago is now a reality with the introduction of blockchain technology.

Cryptocurrency projects also provide investors with new opportunities to back promising startups launching on the basis of proprietary cryptocurrency or token platforms. Investors in turn have the ability to sell or exchange their assets or instruments on cryptocurrency exchanges. Unlike typical venture capital financings, coin offering opportunities are often very “user friendly” with low commissions and do not require minimum amounts to participate and extensive paperwork or bureaucracy. In the current market, almost anyone can purchase tokens of an issuing company by paying a small commission fee.

These new developments create demand for new investment funds to manage crypto assets and cryptocurrency portfolios. Moreover, as the industry is becoming more regulated, institutional investors will take advantage of new opportunities in this niche market. In the near future, we anticipate that crypto assets will evolve into a new format of investing. For example, stocks, futures, options and many other assets may be indexed as crypto assets (tokens) and the supply of those tokens will be balanced utilizing an elimination and issuance mechanism.

We are even witnessing some startup companies try to index gold and other precious metals with tokens. The indexing will make it possible to buy and sell any assets with tokens in digital format and will create new opportunities to institutional investors.

This white paper describes the possibilities of creating new investment funds utilizing innovative blockchain technologies. Investing funds and investors are facing many obstacles such as raising capital, transparency of fund operations, decentralized data storage of investors’ assets , high liquidity, elimination of intermediaries, and many others. We propose that implementation of blockchain technology will help in overcoming those obstacles.

In addition, Nousplatform will provide a mechanism for tokenization of assets for existing companies and establishment of new companies.

OFFICIAL YOUTUBE PRESENTATION

THE USERS OF NOUSPLATFORM

Major Obstacles of the Investment Industry

The average investor faces many obstacles when trying to choose investment funds in the present market conditions:

● The lack of a mechanism for tokenization of tangible segments of the economy and consequently the inability to acquire shares of companies that have not completed a public offering.

● In many countries, banking lending for businesses remains unavailable, risky and unreasonable. There is no opportunity for business to attract new influx of money for scalability, which negatively affects businesses development.

● Transparency of reporting: Although there are regulations in place, there is no guarantee that the reported information is unaltered or not manipulated by the management.

● Bank, Brokerage and security of Assets: There is no guarantee that the broker will not not misuse your assets.

● Investment minimums may be too high, and exit fees may be mismatched for transferring assets.

● Currency exchange: There is currently no mechanism to purchase fiat currency from centralized banking institutions free of charge; therefore, end users pay high fees for currency exchange.

● Liquidity problems: Often, investment funds have a grace period before investor’s funds can be invested, which makes the assets unavailable for that period.

● Research: There are no unified formats to compare statistics of investment funds’ performance.

● Language barriers, complicated reporting, industry specific jargon and lingo.

● Diversification: Investors have limited diversification opportunities owing to the inability to invest in multiple asset classes.

Nousplatform Solution for Fund Managers

Fund managers operating on our platform will receive a complete set of technology tools for managing their funds and interacting with investors. The main aspects of fund operations are controlled through open source smart contracts, which fosters improved transparency and makes the fund more trustworthy and attractive to the investor. Investment transactions are carried out according to smart contracts that regulate and control the acquisition or sale of equity shares utilizing our utility tokens, the “NSU”.

Every time a new fund is established on our platform, a new smart contract will be instituted and published by the Nousprotocol on the blockchain. We anticipate that this smart contract will contain the specific terms, conditions and features of the fund. Each smart contract will have two types of parameters: constant (unchangeable, permanent) and variable (can be changed or modified). Constant parameters, such as creation date of the fund, the initial capitalization, the founders, etc., are final and cannot be altered after the publication of the smart contract. By contrast, variable parameters, such as the investment maturity timeframe and the assignment of the manager, can be modified by DRAFT APRIL 26, 2018 10 utilizing a private key. In this latter case, the new rules will only apply to new investors, since it will be physically impossible to make any changes retroactively.

We believe the Nousplatform approach will ensure fairness and transparency for both parties and will help protect investors from any manipulation by fund managers. Each fund’s smart contract delegates a part of the authority over fund decision-making to the Nous smart contract holders. The Nous smart contract in turn utilizes certain entrusted functions, such as verification of the asset ownership, records of the investment portfolio, identification of the fund managers, estimating the level of capital accounts, and much more. We anticipate that the Nous smart contracts will be able to integrate a third-party escrow entity for extended functionality.

The Nousplatform by itself is a powerful tool for attracting and creating a pool of potential investors. Therefore, we anticipate that all investment funds that adopt our platform will be exposed to a substantial number of users/investors.

Type of Funds Supported

At our first stage of development, the Nousplatform will support five types of funds::

Open-ended Investment Funds
Closed-ended Investment Funds
Venture Capital Funds
Charitable Funds
Family Trust Funds We anticipate rolling out support for more complex types of funds shortly following launch.

Transparency for the Investors

Reduction of the operating expenses
Elimination intermediaries
Risk diversification
Reduction of the fees
Increase in safety and security of the transactions
Reduction in deposit and withdrawal timeframe
Research based on honest, transparent data
Rating list of the best performing funds

Competition and Comparative Analysis

The marketplace in which Nousplatform operates is extremely competitive. However, Nousplatform has a very limited number of direct competitors developing solutions to integrate the investment management market with blockchain technology.

STRATEGIC PARTNERS

ROADMAP

April 2017: Idea creation, proof of concept

June 2017: Website launch, Nousplatform and Nousprotocol development. In-House Development Team

July of 2017: Publishing of the Whitepaper Completion of technical documentation

September of 2017: PoC of the investor’s cold wallet for the storage of tokenized assets

November 2017: Pre-Sale to create a community of backers, that become potential investors on the platform

Dec. 2017 — Feb. 2018: Launch of back offices pre-registration of the investors and establishment of their accounts. PR campaign to build a community of the investors on the platform.

March-May 2018: Launch of beta version of the Nousplatform in Ethereum Testnet and initial testing. Launching pilot investment funds with existing partners.

June 2018: Release of the Nousplatform.
Integration with Bancor protocol

August 2018: Launch of beta for decentralized exchange (DEX)

September 2018: Development of the API for Escrow and third-party service integration with smart contracts.

October 2018: Development and integration of third-party solutions and services to purchase NOUSTOKEN using FIAT

Nov. — Dec. 2018: Launch beta integration API for third-party services

2019: Development and integration of algorithms for decentralized asset management that will determine the initial rules and framework for managers working with equity assets.