PeerTec Launches Blockchain-based Derivative Product for Easy Profit

PeerTec Files Patent for World’s First Derivative Product Managing Tokenized Assets

Blockchain Fintech Company, PeerTec (formerly known as Actwo Technologies), will launch “GROW,” the world’s first blockchain-based derivative product for tokenized asset management on July 30, 2019. 

Using GROW service on PeerTec’s cryptocurrency exchange GDAC (gdac.com), users can earn profit everyday by asset delegation. When users delegate asset on GDAC, GDAC’s validator, Hashtower (hashtower.com) receives the delegation, operates the validation node and maintains the network. Then, Hashtower receives reward for network operation and shares the reward with GDAC users.  

GROW targets the PoS (Proof of Stake) market, one of the most used consensus protocols in blockchain. With Ethereum’s plan to implement PoS for Ethereum 2.0, the PoS market is expected to reach a market capitalization of USD 40 billion by 2020. While GROW’s first launch will target the Cosmos Network, GDAC will expand to integrate other PoS blockchains including Ethereum.

PeerTec filed patent for GROW’s algorithm-based asset management. GROW’s technology is designed with custody (delegation service), exchange, and blockchain-based algorithm. GROW secures liquidity to illiquid assets, provides services including staked assets trading, quick asset unbonding, and blockchain-based reserve system. 

GROW solves the problem of other illiquid platforms that leaves no room for users to respond to market fluctuations. As a good case in point, users have to wait for 21 days to unbond their tokens within Cosmos Network. GROW eliminates such pain points of the existing services while keeping the network safe.

“As PeerTec’s first blockchain-based derivative product, GROW will increase the flexibility of GDAC users’ assets,” said Ash Han, CEO of PeerTec.

“PeerTec strives to introduce innovative financial products to increase the utility and value of cryptocurrency and achieve mass adoption of blockchain technology.” 

PeerTec is a blockchain fintech company that operates a cryptocurrency exchange platform, asset management and custody services, and a B2B payment platform.