The NOUS tokens Pre-Sale is starting on 30th November at 11:00 UTC
There is a proverb that wherever any new opportunity rises, problems and hurdles follow. Investing Funds and Investors are facing many obstacles such as raising capital; transparency of the fund operation; decentralized data storage of equity assets of every investor; high liquidity; elimination of intermediaries and many others. Implementation of blockchain technology will help in overcoming those obstacles.
In addition to those problems, the average person unfortunately, faces many obstacles when trying to choose investment funds in the present market conditions. We would like to point out common issues and problems.
- Transparency of the reports: Although there are regulations in place, there is no guarantee that the information in the report was not altered or manipulated by the management.
- Bank, Brokerage and security of Assets: There is no guarantee that the broker will not misuse your assets.
- Minimum required amount of initial investment too high, high fee for transferring assets.
- Currency exchange: There is no mechanism to purchase required currency from centralized banking institutions free of charge; therefore, end users pay high fees for the currency exchange.
- Liquidity problem: Often, Investment Funds have a grace period before investor’s funds can be invested; which makes the assets unavailable for that period.
- Research: There is no unified format to compare statistics of the investment fund’s performance.
- Language barrier, complicated reports, industry specific terms and lingo
- ETF challenges. Multiple exchange transfers are required in order to purchase ETF indexes.
- Diversification: Very limited diversification of a portfolio is derived from the inability to invest in multiple funds due to all the reasons described above.
Nousplatform claims to have the solutions to these problems? How? Let’s find out.
What is Nousplatform?
Nousplatform is a platform for the collaboration of investment funds and investors. It includes a personal back office, statistical reports, wallets, lists of funds and their ratings. For investors, the platform is a turnkey solution for managing its own assets. The funds will have a user-friendly interface to conduct business and a platform to attract potential investors. Nousplatform is a web interface that interacts with the clients’ Nousprotocol library, as well as with the API, which in turn interacts with the nous smart contract and database.
There is a Chinese saying that “一字值千金”. It means that “A picture is worth a thousand words.” If a single photo can speak thousand words, imagine, how much one video can speak. To understand what Nousplatform actually is, it will be easier for you to watch the following video instead of going through thousands of words to try to find out what it actually is.
What is Nousprotocol?
Description of Nousprotocol
*Nousprotocol allows swift creation of all types of investment funds to manage blockchain assets. Funds are equipped with complete required technology tools to manage portfolios and are accountable and transparent with the investors. To calculate the volume of the capital Nousplatform uses the equivalent in Nous Tokens. Investors use Nous Tokens to conduct any transaction for acquisition or sale of the fund equity shares. One of the advantages for open-ended funds is the ability to redeem the equity shares from investors with the Nous Tokens held by the fund in portfolio reserves. In this case, the fund does not need to sell the equity shares in order to payout to the investor. This mechanism will create growth dynamics by increasing the liquidity of the funds. In addition, Nousprotocol can be used to create close-ended funds. These funds will be able to trade their ETF Index on any cryptocurrency exchange. These funds can use Nousplatform for ICO raising the initial investment.
Nousplatform Solution for the Fund Managers
The fund managers receive a complete set of technology tools for managing the fund and interacting with investors. The main aspects of the operations are controlled through smart contracts with open source, which creates total transparency and makes the fund more trustworthy and attractive to the investor. Transactions are carried out by a smart contract that regulates and controls the acquisition or sale of equity shares utilizing Nous Tokens. Every time a new fund is established, a smart contract instituted and published by the Nousprotocol on blockchain. A Smart contract contains all the specific terms, conditions and features of the fund. There are two types of parameters – constant (unchangeable, permanent) and variable (can be changed or modified). For example, creation date of the fund, the initial capital, the founder, etc. are constant. They are final and cannot be altered after the publication of the contract. The parameters of the investment maturity timeframe and the assignment of the manager are variable. The publisher of the contract can change certain parameters of the fund by utilizing private key; in this case, the new rules will only apply to new investors, since it will be physically impossible to make any changes retroactively. This approach will ensure fairness and transparency for both parties and will protect investors from any manipulation by fund managers. The smart contract of the fund delegates a part of the authority to the Nous smart contract. The Nous smart Contract utilizes certain entrusted functions, such as verification of the asset ownership, records of the investment portfolio, identification of the fund managers, estimating the level of entrustment, and much more. Nous smart contract can integrate a third-party escrow entity for extended functionality. The Nousplatform by itself is a powerful tool for attracting and creating a pool of potential investors. Therefore, all (investment) funds created on the platform are automatically exposed to a large number of users. The advantages for the fund managers are listed below:
- Technical framework for creating and managing investment funds on the blockchain
- Possibility to issue funds tokens for interaction with investors
- Possibility of tokenization of assets of the real economy
- Automated reports of the fund’s performance
- The possibility of dividends payouts
- Automated calculation and payment of commissions to fund managers
- Built-in NOUS investor’s community can participate in any fund built on Nousplatform
Advantages of Nousplatform for the Investors
An investor can invest in any fund at any time by purchasing equity shares with Nous Tokens. NOUS are utility tokens and available for purchase at crypto exchanges. The ERC20 token standard has all the advantages associated with Ethereum such as, using a single wallet for all ERC20 tokens. If the investor wants to liquidate all or some of the equity shares, he or she will receive back nous tokens at the current rate at the time of the transaction.
An investor can choose several funds with different portfolios to diversify the risk. He/she will make a decision whether to participate in the fund based on research of the fund’s statistics recorded on the blockchain, which guarantees transparent unaltered real data. The Nousprotocol creates snapshots of the investment portfolio of each fund with a specified period, and logs them in the blockchain. Statistics available for review and analysis at any time in a personal back office and the smart contract open source code is available for the public to review.
An investor can analyze the activity of any fund in his/her back office. The statistical data of a fund based on snapshots shows the fund’s profitability at any given period. In addition, it reveals the redemption and acquisition of assets, and any other modification of the portfolio, as well as the liquidity index, the number of tokens in reserve, the fund’s own capital in relation to the total portfolio, and so on.
The Nousplatform will provide tools for analyzing and evaluating funds based on various statistical data. These reports will be available for any user to review.
The main advantages for investors are simplicity, transparency, the ability to diversify, quick deposit or withdrawal of funds, no bureaucracy, set rules of participation for all the parties involved, no minimum amount entry requirements, and are guaranteed to have unaltered and accurate data.
In the near future, they are planning to create a merchant for the Nousplatform, which will allow investors to pay for the goods and services using their equity shares, assuming those assets are always under management of the same entity and utilized only when necessary. This approach, in our opinion, will lead to a new kind of relationship between the buyer and the seller, where money, as we know it, will no longer be needed; and the economy will shift toward a tokenized barter.
Bob acquired the equity shares of the fund that invests in solar energy and possesses tokens of this company. The Solar Energy Company pays dividends once per quarter from the energy they have sold. Fund receives the dividends and distributes among investors. Accordingly, Bob, once per quarter, receives dividends for his equity shares of the fund. Let us assume Bob would like to buy video camera from the store that sells electronics. We will price it at 1000 Nous Tokens. Merchant requests 1000 Nous Tokens from Bob’ account utilizing Nousprotocol. Nousprotocol requests the fund to redeem the equity shares equivalent to 1000 Nous Tokens and transfers it as a payment to the retail store that sells the video camera. Then the retailer delivers the camera to Bob. What happened in this case? For Bob, it means he bought the camera for some of the energy that belongs to him, and for the store, it is a normal transaction. Of course, all of this will be possible if the fund has the sufficient amount of tokens for instant transactions with the investor, but as described above, the fund is predisposed having reserve to maintain liquidity. The retailer must accept nous tokens as a payment in order to avoid paying additional commissions to the intermediary liquidity provider, or willing to accept payments in the form of more innovative technologies such as the bancor protocol.
The advantages of Nousplatform for the investors are listed below:
- Invest in the best performing funds based on Nousplatform
- Limit your risks, by choosing top funds with different portfolios
- Use blockchain-confirmed reports to analyze investment funds’ performance
- Trade ETFs on decentralized nous exchange
Type of Funds Supported
In the first stage of the development of the Nousplatform, they will be supporting these five types of funds:
- Open ended Investment Fund
- Close ended Investment Fund
- Venture Capital Fund
- Charitable Fund
- Family Trust Fund In the near future Nousprotocol will be expanding to support more complex types of funds.
For detailed information about these funds, please refer to their whitepaper. The link of the whitepaper is given at the bottom of this article.
The Nous Token is a universal utility token that allows investors to acquire an equity shares of different funds. There is a very high demand for this currency; it has the potential to cover a huge market estimated in trillions of US dollars. The token will be based on the ERC20 standard and called NOUS.
The Use of the Tokens:
- Acquisition of the equity shares of open-ended funds
- Participation in ICO of close-ended funds
- Dividends of close-ended funds
- The reserves of open-ended funds to increase liquidity Platform for Commissions payout Use of tokens to pay for the goods and services.
Nous Tokens are available for acquisition during Pre-ICO, during ICO, or later on multiple exchanges. ERC20 wallet can be used to receive and store nous tokens.
Nousplatform Token Sale Details
|Maximum supply||777 000 000|
|Available for purchase||543 900 000|
|Pre-Sale Starts||30th November 11:00 UTC|
|Pre-sale Ends||15th December 10:59 UTC|
|ICO||Will be announced in Q1 2018|
|Minimum transaction amount||No minimum|
|Accepted currencies||ETH only|
|Exchange Rate||See the Section 9.3 of their Whitepaper|
|Hard Cap||85 000 ETH|
|Soft Cap||5 500 ETH|
Total Supply: 543 900 000 NOUS (70%)
Pre-Order: 15 540 000 NOUS (2%)
Pre-Sale: 23 310 000 NOUS (3%)
ICO: 505 050 000 NOUS (65%)
70% Will Be Sold to Backers
20% Will Be Retained by Nousplatform
5% Advisors, Grants, Partnerships
2% Will Be Used To Cover Token Sale
30% Open source software development
20% Legal Expenses, Licenses (FCA, SEC, etc.)
15% Marketing and Business Development
5% Operational Expenses
15% Real Estate Fund
15% Crypto Assets Fund
Unsold Tokens & Vesting Period
Any unsold tokens in Closed Fundraising and Pre-sale go into public crowd sale.
Nousplatform retained tokens are locked for the first 4 months, and will be vested over a period of 20 months total, 5% every month. The total vesting period is 24 months.
Advisors tokens are locked for 2 months and distributed fully.
Any unsold tokens from crowdsale will be burned.
The amount of NOUS tokens per 1 ETH.
|Pre-Sale||1 Week||2 Week||3 Week||4 Week|
|1 ETH =||8000||7000||6800||6600||6400|
How to participate in Crowdsale?
Please find the detailed instruction on their official website
All funds collected during the crowdsale will be deposited in a securemulti-sig wallet. Keys will be held by Executive Directors of ABB Capital LP.
Idea creation, proof of concept
Website launch, Nousplatform and Nousprotocol development. In-House Development Team
July of 2017
Publishing of the Whitepaper
Completion of technical documentation
September of 2017
PoC of the investor’s cold wallet for the storage of tokenized assets
ICO Launch to create a community of backers, that become potential investors on the platform
Dec. 2017 – Feb. 2018
Launch of back offices pre-registration of the investors and establishment of their accounts. PR campaign to build a community of the investors on the platform.
Launch of beta version of the Nousplatform in Ethereum Testnet and initial testing. Launching pilot investment funds with existing partners.
Release of the Nousplatform.
Integration with Bancor protocol
Launch of beta for decentralized exchange (DEX)
Development of the API for Escrow and third-party service integration with smart contracts.
Development and integration of third-party solutions and services to purchase NOUS tokens using FIAT
Nov. – Dec. 2018
Launch beta integration API for third-party services
Development and integration of algorithms for decentralized asset management that will determine the initial rules and framework for managers working with equity assets.
Nousplatform Team Members
- Vyacheslav Pustovoy, CEO & Co-Founder
- Anatol Ostrowski, CTO & Co-Founder
- Viktor Pulyaev, COO & Co-Founder
- Andrey Vorobyevsky, СМО
- ALEX MAN, CBDO
- Alexandr Chepelev, CFO & Co-Founder
- Daniil Chabanets, Public relations & Co-Founder
- Irik Musabirov, Lawyer
- Valeriy Mnchenko, Fullstack, blockchain Developer
- Vladislav Toloknov, Back-End Developer
- Dmitriy Belov, Developer
- Denis Zailer, Front-End Developer
- MARIA OSTROVSKAYA, UI/UX Designer
- Tatyana Marusina, HR Manager
- John Cioe, Founder/CEO – INOV8 Sports,John is a seasoned entrepreneur launching technology startups, creating fundraising platforms and years of real estate development experience including public private partnerships.
- Brian Kusmer, Brian Kusmer Real Estate Business Professional in 20 years responsible for hundreeds of million in transactions volume. He is in the top 1% of business performer in the world.
- Alexander Uglov, Blockchain-evangelist, visionary. Has experience of staging ICOs in several projects (SONM, Humaniq, etc). Co-founder of Blockchain Association in Russia.
- Evgeny Alekhin, Entrepreneur, designer, investor, visionary innovator, author of creative business concepts, start-ups, adviser, project manager, investor relations.
The bancor protocol is utilized to reserve any ERC20 to receive NOUS Tokens.
Civic will allow the 2FA for investors and managers to increase the security of backoffice
Deloitte is providing services for the funds’ audits.
Sum & Substance is providing the KYC services utilizing blockchain technology
For more detailed information, please visit their official website: https://nousplatform.com
🚀 ICO Website: https://nousplatform.com/ico
📘 Facebook Page: https://www.facebook.com/nousplatform
🐦 Twitter Profile: https://twitter.com/nousplatform
↗️ LinkedIn Profile: https://www.linkedin.com/company/24425622/
📽 Official Youtube Channel: https://www.youtube.com/channel/UC_LR8WiYSDAsKIcVXTZer1g
↗️ Join Nousplatform on Medium: https://medium.com/@nousplatform
📘 Join Nousplatform on Github: https://github.com/nousplatform
💎Join their Bounty Program: https://bitcointalk.org/index.php?topic=2236656.msg22555108
💰Join Telegram — https://t.me/Bounty_Nousplatform
💰Join Bitcointalk — https://bitcointalk.org/index.php?topic=2236285