Betoken Initial Account Offering (IAO) gives you a hedge fund manager job at Betoken. Purchasing an account will make you a Betoken manager and grant you Kairo tokens, non-transferable proof of how good you are at investing. The more Kairo you own, the more money you will manage, the more commission you will receive. You will be able to earn Kairo by making profitable investments for the Betoken fund.
ncentivized Meritocracies have never been successfully implemented before, since it is near impossible to have a centralized actor that can judge everyone impartially. However,newly-invented smart-contract-enabled blockchains such as Ethereum allow us to construct decentralized actors that can uphold unbreakable rules, making implementing an actual Incentivized Meritocracy possible. Betoken is the first decentralized application that incorporates an implementation of Incentivized Meritocracy.
Betoken’s Incentivized Meritocracy shares many similarities to markets of investable assets, such as the stock market and the cryptocurrency market. In fact, staking in an investment decision is almost exactly the same as directly investing the token, except that the ROI is better. Therefore, can estimate Betoken’s success as a meritocracy by looking at how meritocratic the stock market and other markets currently are.
One major painful oversight for crypto fund managers and individual investor is operations. Betoken aim to be part of a new wave of tools to service funds and individual investors by automating the whole buying, selling and reporting process. Facilitating the collection, consolidation and sharing of data for tax and legal purposes is also one of the potential key benefits of Betoken.. Since the development of blockchain-based “disintermediation” exchanges.
Existing regulations do not provide an appropriate framework to existing and future blockchain projects and should not be applied to those projects as-is. The regulatory wait-and-see policies represent a significant obstacle. Simple things such as the choice of company’s location or the fact that at any time, a directive or a legal decision can make your activity illegal. Betoken aims to evolve quickly if the framework and rules are updated by the regulators. The use of blockchain technology in the markets induces a change of paradigm.
Betoken could need to get an approval and licensing from a national regulator, according to specific requirements in terms of operating rules, organizational structure, and human and material resources. Once authorized, Betoken could be subject to a certain number of organizational rules, market surveillance and conduct requirements, in order to ensure that the markets are fair, transparent and efficient places, and to provide customer protection.
After the IAO, new manager accounts will still be created in the same fashion, except at a slightly higher price. This ensures that anyone, regardless of whether they participated in the IAO, will be able to join Betoken as a manager. In addition, the Kairo inflation caused by onboarding new managers can help decrease the amount of commission inactive managers receive, improving the effectiveness of Betoken’s Incentivized Meritocracy.
Betoken uses Kyber Network as the token exchange platform for executing all of its investments. Kyber Network is “a decentralized liquidity network that anyone can tap into for a wide variety of inter-token use cases.”[source] The inclusion of Kyber Network can minimize the number of moving parts in Betoken’s operation and significantly reduce Betoken’s attack surface, reducing Betoken running and maintenance costs and increasing its security.
Zefram Lou CO-FOUNDER & LEAD DEVELOPMENT
Surya Krishnan CO-FOUNDER & FRONT END
Guillaume Palayer CO-FOUNDER & DESIGN
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