Zichain

2018-05-21 - 2018-10-31
Industry: Business services

Whitepaper

Zichain

We can see immense potential in the use of blockchain technologies, and in cryptocurrencies in particular. A new wave of the technological revolution will be based on artificial intelligence, machine learning and blockchain. The latter will automate many processes and make them safe, transparent and reliable.

In the financial industry, blockchain technologies and the cryptocurrencies have been subjects of heated debates over the last few years. Today, they are seen as revolutionary innovations that can change the basics of the modern world economy. Rapid technological progress provided universal access to information and brought on globalization, but it failed to provide global prosperity. The widespread use of blockchain and cryptocurrencies will open the economy to millions of people who do not have access to traditional financial instruments or even do not have a bank account. It will completely transform the way they live and manage their finances letting them to make payments, manage their properties and receive loans.

Despite the rapid growth of cryptocurrencies, the digital asset management industry lags far behind the growth rates of the broader market. According to Autonomous NEXT estimates, there are from US$3.5 to US$5 billion of assets under management in the cryptocurrency market. This figure includes the funds of more than 220 hedge funds that invest in cryptocurrencies, asset management platforms, such as ICONOMI, as well as funds built on blockchain (Token-as-a-Service, Crypto20, TokenFund, and others)

The digital asset management industry is just beginning to emerge. The proportion of assets under management relative to the capitalization of the entire cryptocurrency market is negligible (about 1%). If we draw a parallel with the classical financial market, the volume of digital assets under management should grow 30-40 times the current number.

Timetable

Milestones

  • 2017

    BAMP The concept of infrastructure for the cryptocurrency fund. Start of IT development. THEINDEX.FUND Development of cryptocurrency indices and corresponding methodology for index funds launch. CRYPTOEYE The concept of Information provider including news aggregator and features enabling efficient asset management in cryptocurrency industry.

  • 2017

    CRYPTOEYE Alpha-version release: 5 cryptocurrency indices, crypto-wiki with 100 coins and tokens description, cryptocurrency investment calculator. BAMP Transformation of the fund concept to full-fledged Blockchain Asset Management Platform (BAMP) for external asset managers.

  • 2018

    CRYPTOEYE Release of beta version. Release of the news aggregation module. ZICHANGE Company set up in EU. Obtaining of license for crypto-fiat exchange. BAMP MVP release.

  • 2018

    CRYPTOEYE Integration of the news aggregator into the CryptoEYE. Release of CryptoEYE 2.0. THEINDEX.FUND Launch of first two tokenized index funds for investors. ZICHANGE Launch of crypto-fiat exchange. BTC/ETH/LTC vs USD/EUR.

  • 2018

    CRYPTOEYE Integration of Zichange services and investment products of TheIndex.Fund. Release of the iOS and Android mobile applications. BAMP Release of BAMP 1.0. Release of the trading platform supporting all major exchanges within one terminal. THEINDEX.FUND Launch of full range of index funds. ZICHANGE Extending the number of currency pairs available for exchange. Starting operations with institutional investors and corporate clients.

  • 2018

    THEINDEX.FUND Start of the Index funds securitization and listing on traditional exchanges. Setting up the legal access for investors in different countries (US, Singapore, and others). BAMP Legal framework setup. The umbrella fund structure with subfunds for each asset manager on BAMP. CRYPTOEYE Creation of the multilingual editorial team to publish our own news and other cryptocurrency-related content. Localized website interface and news articles (2 languages).

  • 2019

    CRYPTOEYE Full localization into 2 more languages. Launch of the investment products marketplace for BAMP.

  • 2019

    CRYPTOEYE Development of advanced news and market data filtering to provide individual newsfeed based on an investor’s portfolio. Full localization into 2 additional languages. BAMP Release of BAMP 2.0. Decentralized asset storage with distributed access. Licensing as a fund administrator in the cryptocurrency market.

  • 2019

    CRYPTOEYE Development of analytical platform for creating and backtesting trading strategies. 2 more languages added.

  • 2019

    CRYPTOEYE Development of analytical platform for creating and backtesting trading strategies. 2 more languages added

  • 2020

    CRYPTOEYE Localization into 2 additional languages (10 total)

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