Maybe make it possible to reallocate the fees or make it more clear that you pay 50GVT to make one.
I went to high with the fees and wanted to make a new fund, can't get that 50GVT back and can't reallocate the fees.
Dear Mr. Derulo,
Thank you for your feedback. I have transferred it to our management.
Please be informed that you can only lower entry and success fees by sending an official request to [email protected] from your manager's email. However manual increasing of entry and success fee is impossible. In this case you will need to close the program and start a new one.
Has the GVT dev team considered limiting the amount of manager commission fees by their level. I think it would help the platform by having managers earn the ability to earn commission first by proving themselves as adept managers who are going to take their role seriously. In my opinion, level 1 should be no entry fee and 5% if successful and level 2 should be no more than say 3% and fees if successful should be no more than 10% and so on from there based on high levels. Thoughts on this? Thank you.
Please be informed that investment programs of levels one and two now have a zero entry fee. Only the programs with level three or higher can charge an entry fee.
As a manager where can we find a breakdown of the succes fee + entry fee + possible profit/loss at the end of each period please. It seems that this automatically reinvested but where can I find a breakdown please ? (transparancy).
We would like to inform you that the feature is added to the platform. Now all managers have their own
financial statistics — new page with the manager’s financial statistic for the period, which can be seen only by a manager himself/herself. The tab content is the following:
- Period number;
- Start date of the period;
- The balance of the manager in the program at the beginning of the period;
- Profit in the program including commissions for the period;
- Success fee — the total commission from the profit (from all investors), which the manager received in this period.
- Entry fee — the total commission from all investments in the program that the manager received.
- Deposit / Withdraw — the amount of all invested or withdrawn funds by the manager in a given period.
- GV commission rebate — the amount of the compensated commission (Trading Fee) paid from the GVT wallet. This tab is only for managers who have indicated in the wallet Using GVT to pay for fees (Genesis Markets).
Managers can also export the whole financial history to excel for detailed analysis.
Thank you very much for your cooperation!
Genesis Vision Team
"Manager History" for each manager ID (showing a historical table of programs and funds created, including starting params and rolled up data upon close, and similarly a "Program History" fo each program ID showing a table of Program-level information, like starting params, restarts and rolled-up data for each partial or complete period. Basically just a couple levels of meta-info above raw trade data.
Hi there awesome people of GVT,
Today I made 2 suggestions in the GVT reddit.
I think the following would be great ideas to implement.
- A countdown timer which shows when a program is going to end.
- Push notifications from the app when a program is nearly ending, for example in 4 hours the program you invested in will end. (So you can decide last minute to reinvest or not)
- A push notification when a program marked as favorite is going to end. (So if investment is available you can decide last minute to invest or not)
- Maybe a daily push notification at a certain time which says something like: Your investments are currently 3.36% up.
This will make the apps more interactive and will pull people back to the app over and over.
Dear Genesus Visionatus,
Thank you for the valuable feedback. At the moment, a countdown is displayed on the web version and on the app, it will be also added as a feature.
We appreciate your valuable feedback!
Currently, we have only one type of program where a manager and her investors share the losses (or profits) at the end of the period in equal proportion. But often we see that managers lose money. In addition, they manage other people's funds, which are 10 times more than their own (at 2nd level) and lose all the money from a program.
Investors' funds: 1BTC, Manager's funds: 0.12BTC
SuggestionI propose to add a new type of program that will be safer for investors. In this program, the loss will be distributed primarily to the manager with a limit on the level of loss for investors. For example, the manager has 1 BTC own funds in the program. So she can attract 10BTC investors funds. But if she loses 1BTC the program will end by stop-loss and 10BTC will be returned to investors. Of course, managers will set a huge success fee (up to 70-80%) but investors will never lose their money.
Please be informed that we have implemented a StopOut function in order to prevent such situations. SO - a value that reflects what percentage of the balance a manager can lose. The SO is set by the manager when creating the program (with the default SO value of 100%). If the program drawdown is greater than the SO level, then the period closes automatically, all investors' money is returned and all the new bids are rejected. If the current reporting period of an investment program was ended due to the Stop out trigger, then in the next period the investors who had investments in the program when Stop Out have triggered, the Entry fee = 0.The formula for calculating SO: currentEquity - commission <= minEquity. Minimum Equity is calculated according to the balance at the beginning of the period.
Thank you very much for your cooperation!
As it currently stands, we can view the return history usually offered in traditional charts => 1D 1W 1M, etc...
However, these views are somewhat misguiding because an influx of new investments will translate into a sharp increase in BTC (shown in the chart) value that is completely unrelated to the performance of the trader.
As an additional view, I would suggest adding charts by trading periods. That should give the investor a better understanding of the returns and an easy way for the team to chart returns:
- Last trading period return => 2.7% <- previous next ->
- Last 5 trading periods => 1.3% <- previous 5 next 5 ->
Thank you for the valuable feedback! We will report this issue to our developers to consider indeed adding a filter to the chart by the trading period.
Nevertheless, if you look at the current interface, it does show in detail the data including the trading period.
We appreciate your feedback!
Copy and pasted from reddit u/vibe_r8er
As the platform grows, investors will poor their money into the few most profitable managers on the GV.. There are finite amount of good managers out there and many new investors may be forced to put their money in managers with little trading history. My idea to attract investments into new managers is to have some sort of an endorsement option from some of the more reputable managers. Allow "big name" GV managers e.g. Hedgebtc to endorse younger managers, and have a system where the younger manager pay a success fee (5-10%) back to the endorser as compensation for x amount of program periods.
I believe that in order to maintain a healthy platform opportunity should be granted to as many participants as possible, and this option may be a good way to find/attract new talent.
Allow investors to choose a percentage of their investments to be withdrawn. As it stands now, investors have to put a BTC value, which may change between the time to make a withdrawal request and the time the period ends.
Simple boxes with 25% || 50% || 100% options would make it easier for investors, especially those looking to withdraw their investment completely.
Customer support service by UserEcho