RigoBlock is scheduled to close its GRG token sale on Friday 18th January 14:00 UTC. GRG token holders will be able to establish a meritocratic and incentives-based framework for traders, separating the fee logic from the funds and create an incentive mechanism on top of the token.
The GRG token is the world’s first utility token for asset management. It is used as the basis of a rewards mechanism for specialized operators within the RigoBlock ecosystem, as they receive GRGs based on the value and the performance of a specific token pool. This allows token pools to be operated without fees for an alternative and fairer rewards mechanism.
RigoBlock is a blockchain protocol for decentralized asset management. A complete solution to develop applications for asset management (i.e. for the fund management industry). The RigoBlock protocol offers new types of incentives for managers and investors by aligning their interests through the Proof-of-Performance algorithm, by eliminating management fees and performance fees from the funds. RigoBlock graduated from the “Blockchain Business Solution” accelerator program by H-Farm in cooperation with Deutsche Bank and is a member of the Enterprise Ethereum Alliance and Cryptovalley Association.
To sign up to the token sale visit here.