Blockvest (BLV) is an ERC20 token based upon the Ethereum blockchain. Further, Blockvest is a Decentralized Blockchain Based Assets Exchange as well as a cryptocurrency index fund, which is a closed-cap, tokenized cryptocurrency portfolio that autonomously tracks the top 30 cryptocurrencies. We call it the Blockvest30 Index. The fund provides an easy way for the average investor to buy multiple cryptocurrencies all at once, without doing all the research.
Blockvest aims to solve one of the biggest problems in the cryptocurrency industry: Volatility.
Holders of Blockvest will be able to issue a secondary token denominated in US dollars. This will lock the value of the stable coin to the USD.
Here’s how it works: those who use the stablecoin pay fees to those who collateralize the network through holding Blockvest inside an Nvestnode Wallet, compensating them for the risks of providing collateral and stability. Through this system, collateral providers control the money supply, and fees are distributed based on each individual’s stabilization performance. Blockvest uses this system to reward those who supply stability while charging those who demand stability. The end result is a balanced stablecoin ecosystem.