Introduction
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
Despite of this decentralized and simplified impulse of the financial tasks that once passed exclusively through the traditional institutions and, in the case of the use of payment cards, they were costly because they required the processing of multiple parties, these projects have not yet been focused specifically on the needs of people who do not have access to banking services or who have insufficient access to them.
Thus, without access to the full range of banking services, unbanked populations must turn to points of sale such as microcredit networks and payday lenders to meet their financial needs, despite high-interest rates, the high commissions and the limited overall flexibility of those options.
Fortunately, the Ethereum protocol provides the perfect technology to create investment vehicles in situ, allowing subscriptions and reimbursements in real time, allowing a level of efficiency and transparency in the industry.
For this reason, I want to introduce you RigoBlock(GRG), a protocol for decentralized fund infrastructure the new paradigm for asset managers.
Video Presentation
Definition and goals
As I said, RigoBlock(https://rigoblock.com/) is a protocol in which developers can build their own distributed asset management platforms on top of the RigoBlock protocol and take advantage of the unique technology available through the RigoBlock protocol and the Rigo Token incentive mechanism (GRG).
Through the creation of a revolutionary Performance Test incentive algorithm, RigoBlock eliminates the need for outdated management fees to facilitate a new generation of asset management, based on trust, transparency and simplicity.
Through the creation of a revolutionary Performance Test incentive algorithm, RigoBlock eliminates the need for outdated management fees to facilitate a new generation of asset management, based on trust, transparency and simplicity.
The main objective of RigoBlock is to reinvent the asset management industry, making it possible for anyone, anywhere, to create and manage common funds from decentralized cards that combine the powers of transparency, control, flexibility and governance.
The Drago Creation
The Dragos are the RigoBlock funds, also known as decentralized token funds. It consists of running a software in the background and access the store through a normal web browser interface.
Decentralized token pools are created by clicking on an application button, and the platform is responsible for deploying the code in the blockchain through a transaction. When entering a name and a symbol for the background, a pop-up window requires the user to execute the transaction. As soon as the transaction is mined, the user can see the new fund created and anyone can immediately subscribe to shares of the fund through an automatic process of minting cards.
Thanks to that, all the functions related to the existence and behaviour of the decentralized funds are audible in real time and by anyone with only knowing the code of the fund, without having to rely on the information provided by us.
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