Officially, the Genesis Vision team has added Charlie Shrem as a strategic Adviser to platform operations. Charlie is a Bitcoin Pioneer and Co-founder of the Bitcoin Foundation where he worked on the standardization, protection and promotion of Bitcoin. Specifically, Charlie led the partnerships and mergers of Bitcoin Embassy of Canada, Fundación Bitcoin Argentina, and Bitcoin Association of Australia; ensuring the local Bitcoin communities have global resources and mentoring necessary for growth.

Early in his career, Charlie was Co-founder and CEO at BiInstant LLC, an innovative Bitcoin startup that provided a secure, quick and convenient way of buying and selling Bitcoin, globally. He led the company from infancy through to innovation, providing services aligned with the needs of the fast-growing Bitcoin community.

Charlie is also the Director of Business & Community Development with Jaxx, the multi-chain wallet for digital assets. Most recently, Shrem has been involved in the beginning of the creation of a Dash debit card which would be the first cryptocurrency debit card to be compliant with United States regulations. We are excited to bring Charlie aboard and look forward to the synergies we can create working together!

Genesis Vision Token (GVT) Passes U.S. Howey Test

Next, we are happy to inform you that the GVT has passed the United States Howey Test, the primary test used by the Securities & Exchange Commission to determine whether or not a financial instrument is a security. To keep this short and to the point, the Howey Test is based on 0–10+ point scale and the scale below is taken directly from the GV Howey Test Memo found here:

0 or less points — Very unlikely to be a security

1–3 Points — Unlikely

4–7 Points — Both likely and unlikely based on individual situations.

8–9 Points — May be a security.

10 or more — Highly likely to be a security.

The score of 3-points on the Howey Test tells us the GVT is “unlikely to be a security.” Keep in mind, it has been normal to see coins who have taken and passed the Howey Test land between 0–3 points. This is great news because it means U.S. investors can participate in the Genesis Vision Initial Coin Offering!

Genesis Vision Token to List on HitBTC Exchange Immediately Post-ICO

Another great update for our community — the GVT will list to HitBTC immediately upon closing of the ICO. HitBTC is currently the #9 exchange in total cryptocurrency trade volume over the past 24-hours with $222m per CoinMarketCap. This is the first exchange we have came to an agreement with to list immediately after the closing of the Genesis Vision ICO. Our team is currently in talks with multiple other exchanges as we lead of to our ICO on October 15th. HitBTC exchange link can be found here.

The Genesis Vision team appreciates all of your support so far — we are excited to share these updates with you and will continue to keep our community informed through our blog and email newsletters! Stay tuned!