For years, people have been trying to invest in equity, gold, bonds, mutual funds and fixed schemes etc. to earn a decent profit. But, the outcome is negative for most of the people who don't go through a channel or medium. World economies are getting stronger and in order to keep ourselves in the loop, we have to manage our investments wisely. People around the world are in a euphoria that the equity market can or will generate them returns up to 20% annually whilst only a few of them know that the markets are tiring and they will eventually slow down.
If you ask any random person for investment advice, the first thing you'll hear will be 'mutual funds/SIP's are the best bro, go for them', but the real question lies there itself. How are mutual funds able to generate results? Do they guarantee year on year same returns? The answer to these questions is very complicated but to put it in a simple way I would say No, mutual funds don't guarantee a return and some of the big players in this field are already facing many problems in managing the assets. Technology around us is advancing and we have to adapt accordingly for a better lifestyle. Even in the wealth management industry many new tactics and technologies have developed but there's still a room for improvement.
What does the PHI platform aim for?
They claim to provide a fully hybrid digitized platform such that allows the client to invest in multiple asset classes including cryptocurrency and manage all their savings and investments from one place. However, the platform will also include professional managers' interaction as they believe humans can understand the emotions and real need of clients. Tell me about it! The main issues that the company aims to address are:
• High costs the fund managers and asset management funds are facing due to the outdated operating models.
• Limited opportunities for investment which results in poor results and the less competition between asset managers result in the poor sale of captive products.
• Lack of complete transparency.
They believe that they can reduce the labor costs, thus reduce the cost of providing investment services and that their platform will give rise to competition between asset managers which will result in better returns for their clients.
WHERE DOES THE BLOCHAIN TECHNOLOGY COME IN?
It is well known that for any business to sustain and grow its most valuable asset is the client's trust. The PHI owners claim that their system provides complete transparency to investors and asset managers altogether and to prove this, they have implemented blockchain technology on the platform. All the documents taken in by the system are deposited into blockchain along with a timestamp and non-changeability of contract. They will also use the blockchain technology to record advice provided by asset managers to their respective clients in order to protect the clients as well as managers against any claim/conflict over misunderstandings.
WHAT DOES THE PLATFORM HAVE TO OFFER?
Their platform for hybrid investment will analyze asset managers according to their portfolio returns, volatility, risk, drawdown and DIAMEN Ratio to compare them with other members on the platform. This will help investors to choose the best manager for them and diversify according to a manager's field of experience, thus generating better returns.
The basic service that they claim to provide is arbitrage and lending strategies on cryptocurrencies and suggestions on ICOs. They have also filed for allowance to create PIF and AIF (Private and Alternate investment funds). Their platform will further be developed to provide software (to transfer funds between assets class, ETFs, bonds etc.), distribute newsletters, provide various comparison tools for equity, cryptocurrency and to provide bond, funds rating services.
ABOUT THE TOKEN AND ITS USABILITY
In order to create value for the tokens, the company has made it mandatory for any asset manager to possess the PHI tokens in order use the platform for free. The company will also accept payment in PHI tokens and provide 30% discount for the same, thus increasing the demand and use of the token. In order to further create the demand-supply effect, the company will use 15% performance fees and the 50% amount of annual tax collection to purchase PHI tokens from exchanges and burn them.
The pre-ICO which begun on 3rd March 2018 and ended on 8th March 2018 offered 21% discount and provided 3524578 tokens for sale. The main token sale went live on 8th March itself and will end on 21st March offering 7,881,196 tokens.
The minimum cap for the project to carry on is 1 Million USD and the hard cap is set to 14,930,352 tokens whilst the total number of tokens issued will be 24,157,817. The tokens will only be available for purchase against ETH and there is no minimum value for the purchase.
VERDICT
It goes beyond doubt that digitization in the investment industry is the next step that will not only enhance investors' experience and knowledge but also allow them to keep a proper tab on their investments. Though financial institutions are trying to bring in that change, only a few of them have managed to actually digitize 70% of their work.
Moreover the industry is in demand for multiple asset allocation on a single platform governed by an experienced company (in this case DIAMEN Partners Ltd.). The PHI platform provides complete transparency to the clients thus removing any chance of misunderstanding. It also provides a robust platform for the clients to allocate their funds in different asset class including cryptocurrency and manage them at a single place. The company has also laid out a specific plan in order to gain value for its tokens by making the clients use it (by offering a discount) and further reducing supply burning it annually.
All in all, the ICO looks promising for customers and investors both.
That's all folks!
Website: https://www.phitoken.io/
Whitepaper: https://firebasestorage.googleapis.com/v0/b/phi-tokens.appspot.com/o/pdf%2FWP_PHI_Token_v1.0.7.pdf?alt=media&token=38285346-519f-42cf-b803-14e803c1ff07
Blog by ollivander7
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1069616