We wanted to take a moment to talk with you about something that you are going to bump into quite regularly while using the platform and that is ‘conversion’.
A lot of questions are still in the air about how exactly the conversion mechanisms are going to work, so we will do our best to outline everything before the release.
The basic mechanics of the conversion are laid out in the whitepaper: you invest your GVT into the investment program, where it converts to the currency of the manager and subsequently back to GVT when the profit is withdrawn.
The conversion will happen at the current price.
However, as many of you in the community have rightfully noticed — such an approach would cause sharp price fluctuations and noticeable slippages. You were absolutely correct in thinking so, with one exception: that would only happen if you perform conversion by putting market orders in the current market books....
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Genesis Vision Blog - Medium
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