Add a switch for volume based limits on trading and make this a searchable parameter for selecting managers
A concern of mine is exit scams. Such as someone creates a profile on an exchange which has a coin only traded there and is super low volume / worthless. They buy lots of this coin and then use their trading account to buy these tokens. GV holders are left holding the bag.
Verification (another feedback point already raised) helps prevent this with accountability but another solution would be an optional restriction on low volume markets. Traders should only be able to trade in markets which have a daily volume X% higher than their total portfolio where x% is a high number.
As the smaller markets have an ability to give better returns, this would be an optional switch to give investors and traders the choice to take on this additional risk but you could see if this has been enabled before choosing an investor. Not everyone wants crazy returns at high risk, outperforming a bank account over the year may be some peoples goals so being able to choose lower risk traders will be a bonus.
This is a general idea for early supporters of the Genesis Vision platform that don't have a network of followers to gain substantial referral rewards. I would like to propose the use of a random referral system to run in alongside the current referral system (which is great!)
The random referral system is for when a new user signs up to the platform without a referral link. You then randomly assign this new user to an existing user selected from a pool on the platform that holds a minimum amount of GVT. The new user could either come in as a level 1 referral, or you could add say a level 3 referral with its own conditions.
Thank you for your time.
100 GVT is simply not practical for non-verified users who want to test out the platform and become more familiar with it please increase the limit to 500-1000 GVT per month.
1. The purchase and sale condition for the GM Genesis Market project must be made only with GVT coin. BTC-ETH. This is the GM that will make it special. People are opening the site and buying and selling with GVT None. Interesting and absurd. This creates distrust in the project. Do not misunderstand what I write, do not misunderstand me, do not misunderstand me.
2. The Genesis Vision BETA series is said to be alive in October 2018, but this time it will be BETA TEST, it will be a tournament, do not test, do not lose time, do not get tired in BETA series. Do not test like ALFA in BETA phase, end these tests beforehand. Our tools broker manager says there are 300 brokers, but 300 brokers do not have their voices where they are, these brokers must work as soon as possible and be included in the system.
With a max of only 1,000,000, you would need thousands of top level managers for this platform to take off. max for a top level should be more on the terms of 100,000,000.
People may come in with millions to invest and they are forced to split it between managers.
Why not during this demo period, allow the managers to accept a greater amount of investors? It would allow us as investors to see some positives on our side for now. I understand during full launch that who can take what will be limited, but it would be nice just now for a short period, for us to see our investments mostly get accepted rather than rejected waiting on a possible slot day after day. It'll give us a s investors something more to look forward to and watch, whilst allowing future potential managers to build up their trading stats and popularity. Allowing to just get invested will help a lot with investor confidence initially to see and feel from our end the results, before limiting managers to their set amounts
Although 1% of portfolio is not much it doesn't seem morally responsible to force managers and in the end investors to be exposed to GVT price fluctuations. Managers and investors should have freedom to choose where to put 100% of their investement and to what instruments to be exposed to. This would resolve any conflict of interest situation. Regulated funds work like that for obvious reasons.
The 1% fee can be added in many other ways but it shouldn't be a part of the portfolio. Maybe another 1% fee and some of it could be burned.
Thank you for your suggestion and feedback. I have transferred it to the team for their review.
Have a great day!
Genesis Vision Team.
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