RigoBlock is designed to revolutionize the asset management industry, enabling individuals to create and manage decentralized token pools that combine the powers of transparency, governance, flexibility, and control. By the virtue of its modular architecture, developers can set up their distributed asset management platforms on the RigoBlock protocol and utilize the innovative technology provided by the protocol and GRG token rewards mechanism.
The Proof-of-Performance algorithm incentivizes operators according to the assets and performance of the pools they are managing. Pools operators are rewarded using the ERC-20 compliant GRG tokens. Through the development of such an algorithm, RigoBlock eliminates management and performances fees to facilitate the next generation of asset management based on simplicity, transparency, and trust.
Over the past decade, the asset management sector has been following a consolidation path towards larger corporate structures. The hedge fund industry has particularly developed into a more regulated and standardized sector. Expensive setup costs and a minimum of $50 million or even higher initial Assets Under Management (AUM) requirements exclude smaller players from the market. High minimum AUM requirements are due to the high costs of offering Prime Broker services to funds: costs such as Net Assets Value (NAV) estimate, legal and advisory, management company, and collateral accounts.
The Ethereum protocol introduces the ideal technology for developing investment vehicles on the spot, enabling real-time redemptions and subscriptions, trustless decentralized exchange trading, eradicating the need for a custodian or administrator, and allowing a new level of transparency and efficiency in the industry. RigoBlock’s proposed model may also be utilized as a tool to establish an individual’s track record to obtain a job at major investment funds, therefore enhancing visibility for traders. Either way, RigoBlock is laying down the path for disrupting how things are performed in asset management.
2018-12-18 – 2019-01-18
|Price||1 GRG = 0.018 ETH|
|Minimum Investment||0.2 ETH|
|Soft Cap||2,000,000 USD|
|Hard Cap||10,000,000 USD|
|Whitelist/KYC||KYC & Whitelist|
|Restricted areas||China, USA|