Good day everyone,i would be writng about a very interesting platform today called BLOCKVEST PLATFORM.The First Licensed and Regulated Tokenized Crypto Currency Exchange & Index Fund based in the US.Today i would be writing on the following;
a) WHAT IS BLOCKVEST ?
b) BLOCKVEST ECOSYSTEM
WHAT IS BLOCKVEST ?
Blockvest is the use of blockchain technology and digital identity to digitize assets, the use of smart contracts for digital assets to be self-managed, to achieve a “smart economy” with a distributed network.
Blockvest (BLV) is an ERC20 token based upon the Ethereum blockchain. Operating on the blockchain allows for global accessibility, 24/7 trading, transparency, public verification of Blockvest’s holdings and no expensive legacy banking fees. Blockvest Nvestnodes generate passive income through asset backed profit sharing smart contracts. At it’s core, BLV is a security token that’s representative of the top performing cryptocurrency index. The initial tokens can only be acquired during the Initial Coin Offering (ICO) which is a one off, closed-cap offering. The tokens provided will represent a participant ’s share of the portfolio. Thirty percent of the total amount contributed during the offering will go directly towards buying the underlying index cryptocurrencies.
Blockchain Investments issues tokens built on a profit-sharing smart contract. The company is proud to introduce the Token-As-Fund business model, which allows investors to subscribe to the fund’s income stream. To monitor the current reserves of the fund and the fund’s value, a self-certification system is included so shareholders can monitor their investment at any time. Performing daily self-certification of funds in conjunction with monthly external audits will ensure transparency and trust between BLV fund managers and shareholders. Blockchain Investments offers multiple open-end investment funds also known as Digital Asset Arrays or Bespoke Blockpools.
Blockchain Investments helps its clients create passive income from Blockvest Nvestnodes. Nvestnodes are similar to bitcoin mining but are a much more efficient use of the network and are much less complex. Nvestnodes have some crucial additional functionalities which give them more utility than Bitcoin. Utility is a primary driver of value for cryptocurrencies. Blockvest connects collateral holders with people who require low volatility, which creates an incentive-based market for stability. Collateral holders are rewarded when users transact in the stablecoin, compensating them for staking the system. They enable individual asset coins to be bundled and listed as Digital Asset Arrays similar to ETFs, Futures Contracts and Forex Currency Pairs. This will allow investors to diversify their Cryptocurrency portfolio with traditional financial products written on smart contracts, recorded on the Blockchain and settled in Cryptocurrency. The Blockvest Project is starting with Blockvest Nvestnodes but they anticipate a future of Bitcoin Nvestnodes, Ethereum Nvestnodes, BlockVest Blockchain Derivatives and more — all of which can be listed on exchanges around the world and be traded globally.
BLOCKVEST ECOSYSTEM
Blockvest aims to solve another big problem in the cryptocurrency industry Volatility. Holders of Blockvest will
be able to issue a secondary token denominated in US dollars. This will lock the value of the stablecoin to the
USD.
Here’s how it work;
Those who use the stablecoin pay fees to those who collateralize the network through
holding Blockvest inside an Nvestnode Wallet, compensating them for the risks of providing collateral and
stability. Through this system, collateral providers control the money supply, and fees are distributed based on
each individual’s stabilization performance. Blockvest uses this system to reward those who supply stability
while charging those who demand stability. The end result is a balanced stablecoin ecosystem.
Blockvest achieves this structure using two linked tokens:
a) Yield
Yield is the stablecoin of the Blockvest platform. The supply of the stablecoin floats. Its price as measured in fiat
currency should remain stable. The token is designed to function as a superior medium of exchange. Therefore,
in addition to price stability, Blockvest should encourage adequate Yield liquidity.
b) Blockvest
Blockvest is a token that provides collateral for the system. It has a static (unchanging) supply. The market
capitalization of Blockvest reflects the fund, platform and exchange’s aggregate value. Ownership of Blockvest
tokens grants the right to issue a value of Yields proportional to the dollar value of Blockvest placed into escrow.
If a user wishes to release their escrowed Blockvest, then they must first present the system with the quantity
of Yields previously issued. Blockvest tokens are being released through Global ICO in Q4 of 2018 & their Global
IPO in 2019. Ther Pre-IPO “Testing the Waters” Phase is live now.
The intrinsic value of the Blockvest token comes from the fees generated in the network it collateralizes. This
creates a form of representative money in which there’s no requirement for a physical asset. This removes the
problems of trust and custodianship. Basically, BLV token holders will receive transaction fees according to their
stability contributions to the network and transactions processed within the BlockVest Decentralized Exchange.
Initially, the Yield (YLD) stablecoin will hold its value relative to the US dollar. In the future, however, the
company may support additional types of stablecoins.
THANKS FOR READING
To know more about this platform:
visit the website: https://blockvestico.io/
join the telegram group: https://t.me/blockvest
whitepaper link: https://blockvestico.io/wp-content/uploads/2018/07/Blockvest-Whitepaper-v3_2.pdf
my bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1070043
ANN/BOUNTY THREAD LINK: https://bitcointalk.org/index.php?topic=3258849.0
facebook link: https://www.facebook.com/blockvest.io/
twitter link: https://twitter.com/Blockvestgroup
blockvest explainer video link:
