PHI Token-Addressing the Kinks of Wealth Management

History of wealth management

Since ages the wealth management industry around the world has been toiling very hard, courtesy – high returns generated from the twenty-year bond rallies and from the returns of the American equity indices and Emerging markets. Moreover, the above-mentioned scenario mixed with the poor financial knowledge of the customers has allowed wealth management industry to generate as well as maintain inefficiencies and high costs in the distribution and management of financial products.

The rate at which financial market has been operating clearly sends a gloomy image and forecast a bleak future for it. The bond returns have held zero and even negative values in the past and the stock market carried a positive growth rate for almost a decade. But, it seems highly unlikely that the industry will be able to sustain and reach that golden period. It is now clear that with low returns the industry will not be able to cover the high costs from inefficiencies.

On top of that, there is mounting pressure from emerging fintech companies, such as the Robo advisors, which are gaining market share, especially in the United States. So, to sustain in this cut-throat competitive scenario there are certain critical issues that must be addressed before it is too late. Firstly, there should be a revamping of outdated and labour-intensive operating models that contributes to high cost. Secondly, there should be an increased access to multiple investment opportunities. Lastly, there should be a real competition between asset managers to increase the sale of captive products.

Introducing PHI

To meet all the requirements of the current scenario and remove the flaws from the existing wealth management system DIAMAN partners LTD intends to create the first platform for hybrid instruments (PHI). PHI will allow investment in all asset classes and investment vehicles including crypto assets. Its main motto is to provide a fully digitized platform on which to manage all savings and investments. Everything served at one place. The word hybrid in PHI means the process management will be digitized in nature with ultimately seasoned professional for client interaction.

Why PHI as a problem solver?

It is going to solve the problems due to the following reasons:

First of all, it will reduce the commercial supply chains via digitization and lower the costs of providing the investment services. Thus a win-win situation for both company and customer. Secondly, it will enable customers to invest in multiple investment vehicles, including Crypto assets which represent a fantastic investment opportunity. Lastly, it will do a comparison between Asset Managers and Wealth Managers by infusing competition and therefore getting better returns for the customer. Therefore, by combining the above three mantra DIAMAN partners intends to share the project with the crypto community by issuing a PHI Token with the aim of financing the project. Most importantly, the aim is to ensure that those who believe in the project (potential investors) and those who work on it (potential customers), share its success. The parent company DIAMAN SCF has been working on the digital platform project for more than a year with some of the top modules already implemented. So, one can always rely on its credibility.

PHI TOKEN ICO OVERVIEW

The token generation event will be in three phases. Pre-sale of 3,524,578 tokens will allow ownership of PHI tokens at a strong discount to motivate the major crypto exchanges to list PHI tokens on their platforms. The second phase is pre-ICO which will allow the sale of 3,524,578 tokens with a 21 % discount while ICO that will be carried out with decreasing discounts and up to a maximum of 7,881,196 tokens. There is no minimum contribution amount in ICO and the total number of PHI tokens issued will be 2415781700. The soft cap is 1 Million USD and all funds will be returned if the soft cap is not reached. The token generation event will be live from 5th April 2018.

TOKEN REWARDS

The PHI Token will have three main preparatory features to increase the value of PHI Tokens over time:

1. In order to use the components of the platform, one must own and immobilize the PHI tokens.

2. The platform will encourage the people to pay with this token instead of flat currency by luring them with cashbacks up to 30 %.

CONCLUSION

PHI tokens are going to disrupt the existing financial investment market with its unique investment platform that will allow controlling of wealth management through smart contracts and the logic of the blockchain. On one hand, the customers will be benefitted through the digitized platform, lower cost of investment services and multiple investment opportunities. On the other hand, the investors are going to earn profits and make money by investing in this one of a kind and entirely unique blockchain platform.

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 Yalsik
Profile: https://bitcointalk.org/index.php?action=profile;u=1943321