Blockvest

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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 Review[edit]

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. We 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 we 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.

Why Use BlockVest?[edit]

BlockVest provides the benefits of the world’s top cryptocurrencies in one platform

Bitcoin[edit]

Similar to Bitcoin, Blockvest is a decentralized, anonymous, autonomous, peer-to-peer payment network

Ethereum[edit]

Based on the Ethereum blockchain, Blockvest is an ERC20 token and uses digital asset arrays within its ecosystem

Dash[edit]

Blockvest is similar in function to DASH by adopting its Masternode network architecture

Litecoin[edit]

Similar to Litecoin, Blockvest charges low transfer fees and has incredibly fast network speed

Tether[edit]

Like Tether, Blockvest is a collateralized token that produces a Stablecoin with reduced volatility when put into an Nvestnode

Mutual Fund[edit]

Similar to a mutual fund Blockvest is a closed-end hybrid fund with a profit-sharing smart contract that pays quarterly digital dividends

What problem are we solving?[edit]

Blockvest aims to solve one of the biggest problem in the cryptocurrency industry – volatility. Holders of Blockvest BLV Tokens will be able to earn a secondary Stablecoin denominated in US dollars called Yield (YLD). This Yield stablecoin will lock the value of Yield to $1 USD.

The second problem we look to solve is problems of trust and custodianship. The BLV token is a novel decentralized asset, whose intrinsic value is derived from the fees generated in the network it collateralizes as well as the right to receive quarterly earnings from the performance of the Blockchain Investments Fund. This enables a form of representative money in which there is no requirement for a physical asset, thus removing the problems of trust and custodianship.

How does it work?[edit]

Those who use the Yield stablecoin pay fees to those who process transactions within the BlockVest Decentralized Exchange and collateralize the network with Blockvest, 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 Nvestnodes stabilization performance.

Blockvest uses this system to reward those who supply stability while charging those who demand stability. The end result is a Decentralized Exchange and balanced stablecoin ecosystem. Blockvest achieved this structure using two linked tokens – Blockvest (BLV) and Yield (YLD).

What is the Distribution mechanism?[edit]

A single share in the investment fund represents one BLV token. The investment fund trades and invests in ICOs for cryptocurrencies including Bitcoin, Ethereum, Ripple, Dash and Litecoin.

Digidends are paid out in BLV to Investornode account holders based on a class A Equity Share structure pursuant to section 506(c)

What are Digidends?[edit]

Digidends stands for (Digital Dividends). Digidends are paid out in BLV to Investornode account holders based on a class A Equity Share structure. Where Dividends are paid to Blockvest Token holders based on a percentage of the coins owned and the duration they are held.

ICO fraud allegations[edit]

On February 2nd United States District Court Southern Disctrict of California issued an order granting SEC motion for preliminary injunction in ICO fraud case against Blockvest.

The nature of the allegations are:

  1. Claiming that their ICO has been “registered” and “approved” by the SEC and uses the SEC’s seal on the website under the misrepresentation of Blockchain Exchanges Commission (BEC).
  2. Moreover, it falsely lists BEC’s “office” as the same address as the SEC’s headquarters and used a seal, logo, and mission statement that is nearly identical to the SEC’s seal, logo and mission statement.
  3. They are claiming that their ICO has been approved or endorsed by the Commodity Futures Trading Commission (“CFTC”) and the National Futures Association (“NFA”) by utilizing their logos and seals and stating. But the CFTC and NFA have not approved the ICO.
  4. Falsely asserting they are “partnered” with an “audited by” Big 4 auditor Deloitte Touche Tohmatsu Limited.

External links[edit]

See Also on BitcoinWiki[edit]