Rigoblock is an innovative platform for creating Trading Funds (Dragos). It provides the first fully decentalized and serverless structure of investment funds and allows creation of funds in real time at minimum cost.
- Allows ultra fast creation of funds (their own investment vehicle) in real time at minimum cost- Provides an integrated set of tools for trading, which goes from front office execution to back office reconciliation- A built-in cryptoswaps exchange- A per-transaction fee, which is to be set and modified arbitrarily by the manager, but publicly available
More information in the project whitepaper: https://github.com/RigoBlock/whitepaper/raw/master/RigoBlockPaper.pdf
RigoBlock Exchange was built with the goal of providing a decentralized exchange for trading Drago. This allows users to place a leveraged trade on ETH/USD (only one asset on the exchange at a given time) for both long and short term, so that traders can make profits if the price rises by not only buying but also selling. A derivative is a contract that represents an asset that is not in the blockchain. RigoBlock Exchange is limited to the problems faced by all decentralized exchanges today (mainly slow performance, latency and fee for unexecuted orders). These problems will definitely be solved with the passage of time, because decentralized exchanges are a new border of financial trade.
The assets and performance components are combined in a dynamic way established by the token holders, so that market balances determine the optimal combination. The compensation of each trustee is calculated by multiplying the assets and components of performance, the combined ratio of the remuneration of the class (or application) that belongs to a pool of tokens. The ratio of remuneration is set dynamically by the holders of tokens. This new paradigm shifts the token of managers' reward from traditional management and incentive awards to bonuses in the network. Then it is paid in the form of moderate inflation (expected aggregate rate of 1 to 2 percent), which has the advantage of attracting users as well as external developers to the RigoBlock ecosystem. As proof of the effectiveness of the incentive system, managers are rewarded only if they do not have negative characteristics, which in turn creates an incentive to attract assets to the RigoBlock ecosystem, instead of keeping them in standalone applications.
Supply and demand components
The GRG token is an inflation token. New tokens are created and distributed automatically using the performance algorithm used by smart contracts. Then new tokens are distributed to the managers of a pool of markers. This award is a substitute for management and fee. The distribution is done automatically from the performance check module tied to the GRG token, in a fully verifiable and transparent way and without manual intervention or reliance on a centralized analog. Managers must have a minimum number of tokens to be rewarded. The minimum is dynamic and is set by token holders, so that the ratio between inflation and demand within the ecosystem will be balanced. Standard users will need to keep some GRGs in order to unlock the premium features of the platform, thereby creating additional demand. The RigoBlock Protocol retains 5 percent of the new tokens created to create a continuous funding model that allows users to reward external developers who create applications on top of the RigoBlock Protocol. Because holders of tokens GRG specify the parameters of inflation, the continuous model of funding gives them an incentive to aim for a positive inflation rate rather than the zero generation of new tokens.