I just saw this project.
Am i understanding it correctly?
It's a platform for professional traders. We will look and see their success ratio and put our money to trader to make his trades for us or just copy his trades.Like 1broker's function?
And every professional trader would have his own coin.
Hi! Not exactly - the platform will allow all people to manage investments, however, some check are implemented to insure investors interests. But the main mechanism is that, indeed, all investors will be able to see the most successful traders and invest with them by buying their token.
1broker, Etoro and Zulutrade are all centralized platforms, but only Genesis Vision can be genuinely honest and transparent, every piece of info on the platform can be checked and verified.
Invest with them by buying their tokens? I don't quite understand what it means. Could you please elaborate a bit on why would investors will buy trader's tokens? Why not just buy whatever a top rated trader is buying.
Correct me if im wrong, as i understand it now. If we buy the token, we are basicly buying a part of the investors portfolio? And investor will have more money to invest. So its like a staking thing, where u buy his token, he has more money in portfolio and you get a piece of that portfolio. So if the investor does well, your token is worth more.
That means Genesis token holders will get profit from each profitable trade?
Still not sure about that. I'm trying to summarise the things in my head.
If a manager has a token and he is doing well, the token price will rise cause everybody wants a piece of the portfolio.
So token will be created by a manager and he will sell them to investors. For example, He made 100.000 tokens and sold 50.000 of it. So he has %50 of his portfolio and market has %50.
If it is true then, Portfolio value = his start-up money + investments?
And if he is good and makes a profit 100.000$. Will he take 50.000 and investors got 50.000?
If he lost nearly all of it, no money to divide and 0 token value.