AWAX is building a new blockchain-based solution for investing in exchange-traded funds and value, passive coin-traded funds and active coin managed funds. Through the effective use of smart contracts, order and issuing fees can be reduced to a fraction of traditional costs. This will make investing in AWAX more financially inclusive across all income classes. Artificial geographical trading restrictions, including the need for a bank account, can thus be eliminated. Counterparty risk can be reduced to mere minutes. Furthermore, they are introducing a new system of passively managed cryptocurrency baskets, which reduces the risks and high fees of actively managed coin funds by using liquidity providers, incentivized by arbitrage effects. Their system is based on an underlying rule-based asset allocation rather than high-risk contracts for difference. It uses the asset-first principle, which incentivizes asset vendors to deliver assets before getting paid, thus further reducing investor risk.
Richard Haverinen - CEO & Board Member
Andrew Piociorin - Founder & Board Member & CTO
Magnus Larsson - COO
Country of origin United Kingdom
- Team Members
Project Manager, Business Change Manager.
Experienced Project Manager within Financial Services.