Becoming a GV Manager
So you would like to become a money manager on Genesis Visions platform but you’re not sure how to get started. Fear not, the registration process is easy and will be explained in detail in this post. Traders submit applications either through their brokers’ websites, connected to the Genesis Vision network, or directly through the website http://genesis.vision. Under simple conditions, the trader becomes the manager on the Genesis Vision platform. From that moment, all managers’ trades will be automatically verified, uploaded, and recorded in a smart contract, building a trustworthy trading history and statistic.
One of the methods to becoming a manager on Genesis Vision is to sign up as a Genesis Vision manager at https://genesis.vision. Afterwards, you must select the length of your reporting period. The reporting period is a time range during which a manager collects all information that will form his track record and measure his performance. It will be publicly available. For example, if you select a reporting period of one month, your profits and losses will be calculated every 30 days, and then disclosed to the public.
The second way to becoming a manger on Genesis Vision is through their brokers’ websites. Brokers will provide potential managers’ access to the Genesis Vision Manager registration function in their client application — generally a “Become a Genesis Vision Manager” button.
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.
The core of technological backbone is powered by Ethereum smart contracts and IPFS. During the reporting period, the manager trades (on the platform of their choosing) with the funds available at the beginning of the reporting period. The trade history is downloaded from the broker and recorded in IPFS. Investors can buy the managers coins on the primary market for GVT. In this case, the transaction is recorded in the manager’s smart contract and will automatically be issued its share of profit at the end of the reporting period. Investors can freely transfer and sell their coins on the internal exchange.
Manager also issues his own tokens, which act as a shares of a public company on a traditional exchange — their value is dependent on a manager performance. The tokens are traded freely between the participants on a Genesis Vision exchange. In order to acquire a manager token, investors will have to buy GVT. Then GVTs are exchanged for each manager token. If demand for investing with the platform grows, GVTs also grow.
Managers have different trust levels that define maximum investments a manager can get. There are 7 levels in total, with the first-level manager maximum investments capped at 1 000 USD ( in GVT equivalent) plus a first-level manager must invest 1 000 USD of his own money. For comparison, manager of a maximum trust level can receive investments up to 1 000 000 dollars.
After you sign up and issue coins, you can immediately start receiving investments, no matter what time of the day or the week it is — the processes are handled in automatic mode, so everything works 24/7. Initial sale of tokens reminds a lot of Initial Coin Offering, practically, manager organizes his own minified version of ICO. Price of coins will be fixed at first (1 USD), but then it will be redefined by the market.
Emission of extra coins, as well as many other bonuses depend on the level of a manager. Transparent platform makes competition fair. If you perform well and make profit for your investors, your currency will grow, and you will be able to attract more investments.
Keep up to date of Genesis Vision latest news: http://www.genesis.vision
