The news coming out of China about the restriction of Chinese ICO investors has many eyebrows raised, and certainly perpetuated concerns about the market as well. However, the effects won’t be bad for all ICOs.
AxionV was built in such a way that these regulations will not restrict Chinese participation in the ICO, and some experts even believe that this will be a boon for ICOs focused on security and legality like AxionV.
US-CH News reached out to us wondering how AxionV will cope with the so-called “ICO ban.” As it turns out, AxionV won’t have to change at all, as it was set up to ride waves like this one without turbulence, and we were happy to provide them with information about what makes AxionV uniquely able to take on Chinese participants.
Here’s an excerpt, and a link to the full article:
“I reached out to AxionV, a AI crypto fund that is launching their ICO on September 16, curious to see how they are going to be handling newer regulations coming out not only from China, but also from the U.S. and Singapore. As it turns out, AxionV is resolving regulatory hurdles in a very straight-forward fashion. A number of in-house protocols for AML/KYC and SAFT (Simple Agreement for Future Tokens), compliant with the best practices inherited from more traditional asset managers and venture capital firms, will make it possible to collect funds from accredited investors (including China). Their team has also found a smart way of limiting risk in the ERC20 protocol by cutting out the transfer function and making the protocol more secure and safe for investors, which allows AxionV to control the flow of funds and trace every single investment back to the client.
Utilizing the proposed SAFT framework is another development that may continue to evolve as an alternative to direct public and retail investments. Analogous to a futures contract for accredited investors, the agreement functions in place of on-demand coins to offer the investor protection based on the parent company and assurance of suitability via accreditation. It appears AxionV not only implements this, but has taken the extra steps by limiting all resale options to be extra secure and compliant while regulators try to better understand the cryptocurrency economy.”
When we came out of stealth on July 27th, the launch event was covered by Fortune Magazine and we have received a request for an interview with Huffington Post about cyber security. We value security very highly, and were happy to share our thoughts and ideas on security when it comes to ICO’s. We are glad that others are excited about our security measures, and our objective is not only to develop these high security standards but also maximize profit for AxionV investors.
Quote from our very own Max Vasiliev, the lead software architect at AxionV: “Every single line of our smart contract is extensively audited, concisely written, and any abilities to override functionalities are mitigated.”
Earlier this year, we reported that, for the first time, a major venture capital firm, Union Square Ventures, invested in a blockchain hedge fund. But that’s not all that’s been invested in blockchain technology. By next year, 90% of central banks and 80% of financial banks will have engaged in some form of investment, programming, or planning to incorporate blockchain into their main business functions and workflows. But with cybersecurity a main determinant in which blockchain companies and cryptocurrencies receive investment, blockchain fintech companies need to be vigilant when protecting their assets from any intruder.
In this regard, one such company rises above the rest. Its name is AxionV, and it is currently about to undergo its Initial Coin Offering (ICO) on September 16. AxionV is an AI crypto fund which uses proprietary algorithms and complex trading strategies to achieve much better returns for your money. Their information caught my eye because it stood out in several ways, including its unparalleled security, which is something I look for when analyzing ICOs and crypto trading. In a nutshell, the AxionV ICO seems like a unique and interesting project, because it gives access to top talent in the trading space to anyone, not just established traders.
Our Head of Algorithmic Trading Strategy, Peter Borovykh, is gearing up for the release party of his much anticipated book, “Blockchain Applications in Finance.” The release party is being held at eBay’s NYC office on September 6 from 6:30-9:00PM EDT. A variety of Blockchain, ICO, and cryptocurrency topics will be discussed by the speakers assembled. You can grab your ticket to the event here.
Peter Borovykh, Blockchain Solutions Architect at BlockchainDriven and Head of Algorithmic Trading Strategies at AxionV, made his name in finance and later became fascinated with the digital applications of Blockchain in his field. He is a quant who has created his own groundbreaking algorithmic trading strategies based on quantifying the market and leveraging the emotion of market participants. Peter is a renowned speaker on Blockchain and its future possibilities, has been covered in major publications, and has been invited to speak at Blockchain conferences across the United States. More recently, Peter was one of the first Blockchain experts to call the massive Bitcoin split that will have large ramifications on cryptocurrencies as a whole for years to come. His expertise on the matter was featured in various large publications such as Business Insider, Yahoo! Finance, and Forbes. He was brought into the Blockchain Technology Conference & Workshop 2017 to be a keynote speaker, as well as the instructor of a 1 day intensive, designed to give attendees the opportunity to learn from one of the foremost Blockchain experts.
He will discuss the current state of Blockchain technology as it applies to the financial sector, as well as give a look into his book and answer any questions pertaining to blockchain, cryptocurrencies, crypto investing, and much more.
Peter isn’t the only speaker at the event. Joining him are two prominent figures in the NYC Blockchain community:
Elaine Li is a Founding Partner at Zonvon Ventures. Her background in Blockchain and cryptocurrencies started from her highly cited presentations of Crowdfunding in Chinese. Her contribution as chapter editor-in-chief of Wisdom Crowdfunding book, which was oversubscribed in the crowdfunding stage, and ZonvonVentures’ investments in Blockchain startups has made Elaine a noted voice in the Blockchain community. She has worked for Morgan Stanley Investment Management, AllianceBernstein, the investment division of The Ford Foundation, and the asset allocation division of Prudential Financial. Elaine has done research on Artificial Intelligence at Tsinghua University, Chinese Academy of Sciences and NEC China. She has been invited as final judge of premiere startup competitions by Cheung Kong Graduate School of Business, Tencent, Carnegie Mellon University, Columbia University, etc.
She will speak on the state of Blockchain startups, as well as the cryptocurrency market and how Artificial Intelligence is poised to revolutionize and optimize cryptocurrency trading.
Gregory Rocco is Editor in Chief at investFeed, a post-ICO startup that puts social media on the Blockchain. During their ICO, investFeed raised over five million dollars, helping them on their way to becoming the central source of the Blockchain community. Gregory has a history of many years in the media and has recently shifted gears, becoming a big player in the cryptocurrency and Blockchain space.
He will talk about the rise of social investing, the scattered nature of the crypto-community, and how investFeed seeks to create a dedicated network for enthusiasts, projects, and professionals globally in the blockchain space.
If you are in New York City on September 8, this is a must-see event that will provide unparalleled information with a great panel of speakers. Grab a ticket here.
In The News: AxionV Boosted By China’s Regulations
The news coming out of China about the restriction of Chinese ICO investors has many eyebrows raised, and certainly perpetuated