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RigoBlock

Decentralized Asset Management Network

RigoBlock exists to reinvent the asset management industry, making it possible for anyone, anywhere, to set up and manage decentralized token pools which combine the powers of transparency, control, flexibility and governance. By virtue of its modular architecture, developers can build their own distributed asset management platforms atop of the RigoBlock protocol and leverage the unique technology made available by RigoBlock protocol and the Rigo Token (‘GRG’) incentives mechanism. Through the creation of a revolutionary Proof-of-Performance incentive algorithm, RigoBlock removes the need for antiquated management fees to facilitate a new generation of asset management - one built around trust, transparency and simplicity.

4.4
1 0 expert ratings
Benchy 4.4
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Starts in 32 hours
2018-12-18 - 2019-01-18
Token
GRG
Price
1 GRG = 0.018 ETH
Bonus
Available
Bounty
MVP/Prototype
Platform
Accepting
ETH
Minimum investment
0.2 ETH
Soft cap
1 = 2000000 USD
Hard cap
1 = 10000000 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
China, USA
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About RigoBlock

The asset management industry has been following a path of consolidation towards bigger corporate structures during the last 10 years. The hedge fund industry, in particular, has developed into a more standardized and regulated sector. High setup costs and requirements of a minimum 50 Million US Dollars or even much bigger initial Assets Under Management (AUM), automatically exclude the smaller players from the market. Reason behind such high minimum AUM requirements are high costs of providing Prime Broker services to funds: costs like Net Assets Value (NAV) estimate, collateral accounts, management company costs, legal and advisory costs. Furthermore, investment funds and management companies are in most cases no more than P.O. Boxes; by this we mean that they do not actually employ anyone, they are just offshore corporate structures.

The Ethereum protocol provides the perfect technology for creating investment vehicles on the spot, allowing subscriptions and redemptions in real time, trading on decentralized exchanges in a trust-less manner, so that no administrator or custodian is needed, allowing for a level of efficiency and transparency in the industry never seen before. One positive externality of our proposed model is that, by being agnostic of the AUM size, it is also possible it will be used as a tool to building one’s track record in order to get a job at major investment funds, hence improving visibility for traders. Either way we are to lay down the path for changing how things are done in asset management.

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