Gavin Smith is the CEO of First Global Credit, a London-based cryptocurrency capital markets company, who is behind an upcoming ICO for AICoin. He sat down today to talk with Finance Magnates about the idea behind the offering, the value it will deliver to investors, algo trading and how blockchain technology allows for new forms of cooperative organization.
The interview was broadcast live and a video recording is available here:
In contrast to the recent wave of ICOs, Gavin explains that AICOIN is a fully functioning investment service (not an idea in development) that leverages blockchain technology to deliver revenue from two different but complementary profit streams.
The coin uses the power of artificial intelligence to generate ongoing profit. These profits are then used to finance investment in early stage companies focused on public blockchain or AI technology. The quarterly selection of start-up companies will use the collective knowledge and experience of all token holders who vote on which companies will receive investment.
Since AICOIN is built on the Ethereum blockchain, the function of the smart contract is to provide transparency to and supervisory control of the voting process.
Gavin has worked in the European financial service industry for over twenty years. His most recent role prior to founding First Global was designing the global risk strategy for one of the world’s largest physical commodity traders. He has the rare set of skills needed to navigate First Global Credit through the volatility of the Bitcoin market..