Dear Genesis Vision users,

The ongoing political events surrounding the Russian-Ukrainian war have forced many companies to make adjustments to their international business operations. Unfortunately, Genesis Vision is no exception. Many Genesis Vision employees have migrated due to the neighbouring pressures and our team is currently branched out across 5 different countries. We have always encouraged the idea of remote working, but not all of our setbacks were resolved by relocating staff.

Issues

All our legal entities were originally highly affiliated with Russian citizens and due to the growing sanction pressures, we have now been forced to suspend company services. Since February we have been working tirelessly to find another work around to maintain operations in such an unstable environment, but recent restrictions from Binance — to our corporate account, have caused us another setback. Some of you may know that Binance plays a vital role in the Genesis Vision ecosystem.

Forced Measures

As a result, all Genesis Vision Funds and accounts will be forcibly closed on 17th of November 2022, and all funds will be withdrawn to GV user wallets. Please note that all funds are safe and available to withdraw from our platform at any time, without any restrictions.

The Future

We can assure you that this is not the end for our platform or our team. We robustly work so that all Genesis Vision platform operations resume in the shortest possible time. We’ll continue working on reorganizing our legal structure and our products, in order to make them compliant again. We will keep our community and users updated on our progress in this regard.

Team Genesis Vision

Service Update. was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dear Genesis Vision users,

The ongoing political events surrounding the Russian-Ukrainian war have forced many companies to make adjustments to their international business operations. Unfortunately, Genesis Vision is no exception. Many Genesis Vision employees have migrated due to the neighbouring pressures and our team is currently branched out across 5 different countries. We have always encouraged the idea of remote working, but not all of our setbacks were resolved by relocating staff.

Issues

All our legal entities were originally highly affiliated with Russian citizens and due to the growing sanction pressures, we have now been forced to suspend company services. Since February we have been working tirelessly to find another work around to maintain operations in such an unstable environment, but recent restrictions from Binance — to our corporate account, have caused us another setback. Some of you may know that Binance plays a vital role in the Genesis Vision ecosystem.

Forced Measures

As a result, all Genesis Vision Funds and accounts will be forcibly closed on 17th of November 2022, and all funds will be withdrawn to GV user wallets. Please note that all funds are safe and available to withdraw from our platform at any time, without any restrictions.

The Future

We can assure you that this is not the end for our platform or our team. We robustly work so that all Genesis Vision platform operations resume in the shortest possible time. We’ll continue working on reorganizing our legal structure and our products, in order to make them compliant again. We will keep our community and users updated on our progress in this regard.

Team Genesis Vision

As you all know, our top priority is to ensure we give you the ultimate experience when using our platform. Today, we are pleased to announce that Genesis Vision Futures are now live!

https://genesis.vision/trade/terminal/BTC_USDT?type=futures

Our users can now trade USDⓈ-M Futures without any restrictions when using our Binance Broker Program.

Take advantage of our discounts when you combine both of your BNB & GVT holdings, as discounts will be better than directly trading on the Binance exchange itself! Discounts will be applied to standard Binance accounts.

Please note: BNB discounts are available from today and GVT discounts will begin in January.

With the addition of Futures to our platform, traders can now use this powerful tool with up to 125x leverage allowing them maximise profits when the market moves in any direction.

The leverage size settings are available in the trading terminal.

If you are are familiar to Binance Futures, all other settings are also available on our trading terminal.

All users will have access to the trading terminal. The creation of programs will also become available soon.

What about GVT?

We bought a lot of GVT tokens back from the market. Originally we started off with 11% and we have restored our position of GVT — back to 11%.

Token Burn Transaction: https://etherscan.io/tx/0xcfefd111e976cbeff88dc314635d35ed2cb00327911a46bfbae45f938a5b1e7d

When DeFi?

We announced that we are going to create our very own DeFi product. We would like to remind you that this is still under construction, but in its current state — we cannot present it to the public. We are very ambitious about the idea of our own DeFi product, and we will definitely be bringing this to market.

We are truly happy with the support you have shown us, so stay tuned for all our latest updates as there will be a lot to unveil!

From the entire team at Genesis Vision, we would like to wish you and yours a Happy New Year!

Genesis Vision Futures: Now Live. was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

As you all know, our top priority is to ensure we give you the ultimate experience when using our platform. Today, we are pleased to announce that Genesis Vision Futures are now live!

https://genesis.vision/trade/terminal/BTC_USDT?type=futures

Our users can now trade USDⓈ-M Futures without any restrictions when using our Binance Broker Program.

Take advantage of our discounts when you combine both of your BNB & GVT holdings, as discounts will be better than directly trading on the Binance! Discounts will be applied to standard Binance accounts.

Please note: BNB discounts are available from today and GVT discounts will begin in January.

With the addition of Futures to our platform, traders can now use this powerful tool with up to 125x leverage allowing them maximise profits when the market moves in any direction.

The leverage size settings are available in the trading terminal.

If you are are familiar to Binance Futures, all other settings are also available on our trading terminal.

All users will have access to the trading terminal. The creation of programs will also become available soon.

What about GVT?

We bought a lot of GVT tokens back from the market. Originally we started of with 11% and we have restored our position of GVT — back to 11%.

Token Burn Transaction: https://etherscan.io/tx/0xcfefd111e976cbeff88dc314635d35ed2cb00327911a46bfbae45f938a5b1e7d

When DeFi?

We announced that we are going to create our very own DeFi product. We would like to remind you that this is still under construction, but in its current state — we cannot present it to the public. We are very ambitious about the idea of our own DeFi product, and we will definitely be bringing this to market.

We are truly happy with the support you have shown us, so stay tuned for all our latest updates as there will be a lot to unveil!

From the entire team at Genesis Vision, we would like to wish you and yours a Happy New Year!

We are pleased to announce that liquidity has been added to Pancakeswap for the GVT/BUSD pairing. You can now effortlessly swap your GVT, to and from BUSD directly from your MetaMask wallet!

Connecting MetaMask to Binance Smart Chain

If you already have a MetaMask and have Binance Smart Chain as a network, feel free to skip this part.

If you dot have have BSC connected then firstly, click ‘Ethereum Mainnet’ and then click ‘Custom RPC’ on your wallet to add the BSC network to MetaMask.

Fill out the required fields with the information below and press ‘Save’.

• Network Name: Smart Chain
• New RPC URL: https://bsc-dataseed.binance.org/
• ChainID: 56
• Symbol: BNB
• Block Explorer URL: https://bscscan.com

Your MetaMask wallet is now connected to Binance Smart Chain Network.

How to trade GVT on PancakeSwap with MetaMask

Now that we have provided your latest pair and liquidity, you can now buy and sell GVT BEP20 tokens on PancakeSwap! It is important that you have Binance Smart Chain Set as your network on your Metamask, and that you also have BNB in your wallet which will be used for gas fees.

To trade on PancakeSwap, first click the ”Exchange” page under the ‘Trade’ tab.

You will then be taken to the main terminal, where you can begin executing swaps.

The liquidity we have added at the moment is for the GVT/BUSD pair.

• You will need to select BUSD as one of the pairs.
• You will then need to manually add GVT by adding the GVT BEP20 Contract address on BSC. You can easily do this by clicking ‘Select a currency’ and pasting the official address into the token search:

GVT Contract address on BSC: 0xf25868b9e9c62f12192650ac668a2aa69f965f44

Important: Make you use the contract address above and no other. Using a different contract address means you are swapping a different token.

As you have chosen BUSD as the other currency. You will need to approve the tokens you want to swap which will allow the smart contract to spend your token.

Click the ‘Confirm’ button and confirm the transaction on your MetaMask wallet. Remember, you will need BNB in your wallet to cover the costs to approve this transaction and further swaps. Once you have approved GVT and BUSD as pairs you would like to trade, you do not need to repeat this process before every swap.

In our example we are using BUSD to swap to GVT. The process will work exactly the same when swapping GVT to BUSD.

After approving the the pairs, you need to go head click the ‘Swap’ button and confirm the transaction on your MetaMask wallet.

You will then receive a Pancake swap receipt and also a MetaMask notification once that swap has been completed.

The trade has been completed and you will now be able to see your GVT BEP20 tokens in your MetaMask wallet!

If you do not see them in your MetaMask wallet, you will need to click on ‘Import Token’ and paste in the GVT contract address: 0xf25868b9e9c62f12192650ac668a2aa69f965f44.

That is all we have instore for today! We will be adding more trading pairs and liquidity across Pancakeswap, Uniswap and KyberSwap, so keep an eye out for those too!

As always, thank you for being a part of our journey and we will keep you posted on where we are headed next!

Trade GVT on PancakeSwap! was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Dear Visioners,

First of all we would like to thank every single one of you for your continuous support, especially during those more difficult times. As you may already know, Binance has decided to delist GVT with out any prior notice. Arguably, they are one of the biggest centralized exchanges in the space but the recent events have made it clear to us that centralized entities cannot be relied upon.

The Problem

The main problem that has emerged out of this surprise, is the source of liquidity for the GVT token. This is problematic because GVT is an important part of our products and is actively traded by our community.

The Solution

Thankfully, we are at a stage in the cryptosphere’ where there are plenty of other options that will help us resolve the issues at hand. For a project like Genesis Vision which always strived for more decentralization, it only makes sense to move the liquidity of GVT to decentralized exchanges that have become widely adopted and easy to use.

To address these issues we will be actively listing GVT and providing our own liquidity on decentralized exchanges, starting with; Pancakeswap, Uniswap, Kyber Network. Additionally we will provide our own centralized liquidity directly on the Genesis Vision platform. Using decentralized exchanges and our own platform will allow us to build liquidity, and preferably become the main places for buying and selling GVT.

While this is the most effective and quickest solution to the problem, we will still continue to negotiate with centralized exchanges. Please keep in mind, that the formalities of this process take time so we cannot give you timeframe for how long this will take.

The Future

While the recent events have caught us by surprise, rest assure that the development of the Genesis Vision project will continue. We will keep working relentlessly to provide you with a major release by the end of this year.

We thank all you for being a huge part of our journey and sticking with us through such times. Stayed tuned for further updates!

The Decentralized Future of Genesis Vision. was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

As previously mentioned, we continuously work on improving our platform and today we are releasing a new update designed to enhance the experience of investing in cryptocurrencies.

Introducing GV Assets

Up until now, creating or investing in a GV Program or GV Fund had been your main way to gain exposure to cryptocurrency markets when using our platform- but this all changes today. We are pleased to announce that users can now buy and sell crypto assets individually starting today!

Experience the smart way to track all your cryptocurrency investments. GV Assets allows you to manage your crypto positions and track their performance, live, with many powerful tools and charts.

With this update, get a clear overview of your total portfolio balance, profit & loss during various time periods. Keep on top of your current positions, market value, percentage change, (un)realized gains- all available at your disposal.

As always, we are thankful for our community’s feedback and involvement. We keep you in mind every step of the way as we strive to develop a world class product connecting all the participants of the financial industry.

We will be back in touch soon with more news — see you then Visioners!

Introducing GV Assets. was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

As you all know, our top priority is our clients — we thrive to ensure we give you the ultimate experience when using our platform on the web terminal and our mobile app. Today, we are pleased to announce that we have successfully launched our trading terminal for Android users!

With the Genesis Vision app in your pocket, you can now keep watch on the markets and trade directly from your mobile when you are away from your trading workstation. Open your own trading Program and attract investors right from the palm of your hands!

Download now or update your current app on your Android device- here.

Our mobile terminal only supports cryptocurrencies for now, and eventually will have access to Forex markets.

New features

Here are some of our cool features:

Quarterly token burn

Here is our token burn for Q3 2021:
https://etherscan.io/tx/0x1e9822ef89b7bd211e9e797228a9f566080dc9b8ae39dd122c323f3f637ee288

That’s a wrap

That’s all we have in store for today, but we can assure you there is big platform release coming around and we cannot wait to share those updates with you #soon!

See you next time,
Visioners!

Android Update 2021 was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello Visioners!

As we move closer and closer to our fully fledged decentralized platform, let us give you an overview of where we stand with the Genesis Vision Protocol. This week brings us to the end of our rigorous testing phase for the cross network bridging support in the platform. We are pleased to announce that the GVT token smart contract (BEP-20 GVT) was deployed in the Binance Smart Chain!

On May 31st, the following functionality will be available:

• BEP-20 GVT deposits and withdrawals on Binance Smart Chain Blockchain
• Deposits and withdrawals for xDai on the xDai blockchain

The GVT Bridge

On Monday, GVT will be available on the Binance Smart Chain — which will allow users to deposit and withdraw from both the Ethereum blockchain and on the Binance blockchain.

How does the GVT bridge work?

The bridge will conveniently allow the conversion of GVT in its ERC20 (Ethereum) form to be used on the BEP-20 (Binance Smart Chain) and vice versa.

When converting GVT ERC20 to GVT BEP-20, what happens is:

• ERC-20 GVT tokens on the Ethereum blockchain are blocked on a smart contract.
• The corresponding amount of GVT BEP-20 tokens are issued on the Binance blockchain.

When reverting GVT BEP-20 (Binance Smart Chain) to GVT ERC20 (Ethereum), here is what happens:

• Tokens are burned on the Binance Smart Chain.
• The corresponding amount of GVT ERC-20 tokens are unlocked from smart contracts on Ethereum Blockchain.

BEP-20 GVT are now available for withdrawal via the standard withdrawal procedure.

GVT Deposits are also available on both blockchains.

What is important to understand.

This is not a mandatory migration so no action is required from GVT holders. It’s just that — now GVT is supported on two blockchains with the possibility of migration, when required. All exchanges currently only support ERC-20 GVT. Please do not try and send BEP-20 tokens from the Genesis Vision platform to the ETH address of an exchange.

The total supply of GVT will not change & the total number of tokens in circulation will remain at 4.4M.

What else is in the pipeline?

As mentioned last week, integration of the Perpetual Protocol (leveraged trading on xDai chain) is currently under construction. Soon, managers will have access to up to 10x leverage when trading on the blockchain.

We are also working on integrating Pancakeswap — the biggest decentralized exchange on Binance Smart Chain. This will allow us to expand our range of assets and will also allow GV managers to use assets on BSC in their strategies.

We understand that the DeFi space is rapidly evolving, and we will continue to work day and night to ensure we bring out the best protocol. While we continue to build, we aim to keep you updated through our official channels.

This is an exciting time for us as a team and our community, and we thank you for your continued patience.

See you next week, Visioners!

Genesis Vision Development Report 28.05.21 was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello Visioners!

As we’ve mentioned in our previous article, we had to tweak the model for our DeFi protocol. Ethereum gas fees have been a hot topic for a while, so our focus this week was to utilize alternative DeFi platforms — for stability and seamless transactions.

To make all this a reality, the first thing we need to do is — to support GVT on other blockchains, where we will develop our platform. Key areas of development this week included bridging and supporting alternative DeFi platforms.

Mainly:

• Preparation of ERC20 to BEP20 bridge (and vice versa) for GVT
• xDai deposits and withdrawals from the platform
• Integration of the Perpetual Protocol

GVT Bridge

Yes, finally — a topic around the GVT token! GVT will soon be available on Binance Smart Chain! It will soon be possible to convert GVT through the platform — for both deposits and withdrawals. They will be available on both networks (on BSC or xDai) or through the bridge.

Conversions will be available soon after testing is complete.

xDai Deposits and Withdrawals

Some of you may know, that you can use the official bridge to convert your Dai to Xdai: https://www.xdaichain.com/for-users/bridges/converting-xdai-via-bridge/moving-dai-to-xdai

We are pleased to let you know that we will be providing support for deposits and withdrawals of Dai/xDai directly through the Genesis Vision platform.

We are just fine-tuning this along with a few more test runs, and in a few days we should have it ready for deployment.

Perpetual Protocol Integration

We are in collaboration with the Perpetual Protocol team, and are already progressing on integrating their protocol into Genesis Vision. The other day, they opened the source code (https://github.com/perpetual-protocol/perp-lite) of their client, which allows us to progress with the integration of smart contracts and the client terminal. We cannot yet give the exact date of completion, but we will regularly update you on where we are.

There is much more in the pipeline and this is only a snippet of what we have been working on this week.

As always, it’s a pleasure telling you what goes on behind the scenes. See you next week, for our weekly report and discover what we have accomplished!

See you soon, Visioners!

GV Weekly Report was originally published in Genesis Vision Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.