08/03/2019

Cointelegraph: A collective investment platform

Guido Quaranta, CEO of SeSocio, a collective investment platform: "Not using smart contracts in the investment world is negligence"

The firm SeSocio is betting very strongly on Investoland. There, the projects will be linked to blockchain technology and smart contracts. In addition, you will have your own token. The founder and CEO of the firm, Guido Quaranta, spoke with Cointelegraph en Español on March 6, and told details about these issues.

Fernando Quirós (FQ): What is Investoland?

Guido Quaranta (GQ): Investoland is the decentralized network of investments that SeSocio is developing.

It will provide a global solution to investments, allowing any company, software or individual to base their financial interactions on smart contracts.

It will allow the decentralization of trust through its social network based on economic incentives as well as solving the eternal problem of liquidity through its continuous liquidity protocol. The Inve Coin will be your native token, and its value will be tied to the value of tradable assets in the network.

FQ: What link does Investoland have with SeSocio?

GQ: Investoland is a SeSocio development. And SeSocio, the leading collective investment platform in Latin America, will be the first user of the network, integrating its operations into the Investoland network and moving its project tokens (currently valued at USD 60 million) that are currently online but off-site. chain to Investoland.

SeSocio knows first-hand aspects to improve the world of investments, such as confidence and liquidity, and that is why it will develop the social network based on economic incentives and its system of continuous liquidity protocols.

FQ: What is the importance of using smart contracts?

GQ: The blockchain technology emerges as a tool to store information in a reliable way. Smart contracts are born to establish rules in advance and cut intermediaries and possible points of failure and censorship.

The cornerstone of the investment world is the correct recording of information and that the conditions previously agreed between the parties are met. Not using smart contracts in the world of investments is negligence.

Smart contracts allow us to establish a direct relationship between the investor and the entrepreneur, assuring the investor that the conditions with which he is investing can not be changed and at the same time give him the physical property of the asset he has just purchased through tokenization.

Smart contracts allow us, in an unmanageable and transparent way, to establish our system of continuous liquidity protocols that allows assets to always have a market price and provide constant input and output of the different projects to investors.

This system of continuous liquidity protocols helps to set the floor price of the native currency of the network, the Inve Coin.

FQ: How do you carry out the ICO process of Inve Coin?

GQ: The ICO, which is currently in the pre-sale, is carried out through two channels, one is Investoland.io where people can buy tokens directly with cryptocurrencies and receive them in their wallet once the token is issued, or you can buy them through SeSocio.com and receive your tokens in your SeSocio account, where we accept bank transfers, Bitcoin, Ether, Litecoin and credit cards.

The pre-sale extends until May 26, at which time the public sale begins at USD 1, which will be extended until reaching the hard cap or until June 7. Currently the currency is selling at USD 0.70.

FQ: What expectations do you have about Inve Coin?

GQ: The Inve Coin will be the transactional currency of the network, and since it is the only way to buy the assets within the network, the market capitalization of the currency would have to equal that of the transactional assets of the network currently valued in USD 60 million, since otherwise they would be subject to an arbitration that would return the value of the currency to its balance price.

The value of the currency, mainly for speculative reasons, could fluctuate above this flat price but it would not make economic sense that it will fluctuate below.

FQ: Do you think there is still room for new ICOs or is it a topic that is reaching a point of saturation?

GQ: The world of the ICOs experienced a very big outbreak in 2017, where anyone with any idea and the word "blockchain" was going to revolutionize something. This was not the case. Millions of dollars flew through the air and except for very specific cases, nothing was particularly revolutionized.

In 2018 and 2019 we saw a much more sober and intelligent approach to the ways of analyzing the business models and the execution capacity of the teams that carry these projects. We stopped seeing three programmer friends with an idea to whom they throw millions of dollars in the face and we are starting to see companies with experienced teams and with proven markets.

Meanwhile, on the side of those who buy the tokens, we are looking at much more sensible and technical analysis of the business models, applying traditional financial analysis, something that we, with our multidisciplinary team, did to calculate the hard cap of our currency.

I believe that the moment of the ICOs that truly come to generate value is now.

FQ: How do you see the advance of Blockchain technology in Latin America?

GQ: Blockchain technology is taking giant steps, especially in Latin America. We see the volume of Bitcoin trading through the clouds in battered economies like Venezuela and you see the true value of this type of technology.

Latin Americans know what it is not to trust institutions. In this sense, we Latin Americans value very much, from our own experience, the benefits that blockchain technology brings.

FQ: And in Argentina in particular?

GQ: Argentina has the best blockchain developers in the market. This arises because the Argentines live bank confiscations, hyperinflation and stocks to the foreign currency and in a state of constant crisis.

In places like the United States or Europe, many do not understand the concept of inflation very well, while in countries like ours a three-year-old child sees how the two pesos that bought him two candies a few months ago, buy one today. In this way the Argentine can appreciate in a very particular way the benefits of non-intervention and of being truly the owner of things. Do not trust, you have to verify.

* You can read the original article here: Note Cointelegraph



*S.E.U.O.