Covesting is about to launch a Copy-trading platform specifically designed for crypto currency market. Cutting-edge technological solution will allow everyday investors to search and compare the performance of hundreds of proven crypto currency traders and mirror their trades automatically. It is a mutually beneficial ecosystem, where any “street” trader can start a career of a successful asset manager and earn success fees by allowing investors copy his/her trading activity. At the same time, every investor can take advantage of the combined wisdom and experience of traders in order to capitalize in crypto currency market.
With the features described above, Covesting Platform creates a synergized marketplace that brings investors, individual crypto currency traders and professional fund managers together. All parties benefit from Covesting platform: traders get access to the new audiences and sources of additional income, while investors get a broad range of trading strategies to choose from and ability to analyze historical performance in order to make the right decision.
Covesting is headed by founder and CEO Dmitrij Pruglo, former Saxo Bank trader and expert in global financial markets. Every other core team member of the Covesting project has been involved in online trading industry for at least 10 years. Working in one of the most rapidly expanding brokerage companies in the world, former managers have acquired all necessary experience needed for the development of the revolutionary peer-2-peer asset management platform.
Covesting project provides opportunity to take part in a crowdsale and benefit from its growth by purchasing Covesting Tokens prior to the beta-version launch of the platform.
Covesting token is an ERC20 token and a smart contract system built on the Ethereum blockchain, and designed to be used by members within Covesting platform. Members buy COV tokens in order to follow one or several trading strategies, provided by the traders on the platform. Thus, demand for COV correlates with the copy-trading volume on the Covesting platform. As the platform develops over time, more and more investors and professional traders will join community, automatically creating strong demand for COV tokens and positioning it for multiple digit price increase.
Besides natural demand for COV, there are two types of commissions in the Covesting platform used to back COV value and reward COV token holders:
- 2% entry fee.
- 10% platform fee from profits generated by successful trading.
These commissions will accrue in the COV Asset Contract, the rights to which will be kept by community members holding COV tokens. As soon as Covesting platform starts performing well – Covesting aims to reward all COV token holders by distributing part of accrued commissions in the Asset contract.
There will be a Presale arranged for partners willing to purchase COV tokens prior to the public ICO. Pre-ICO will occur on 20th October – 19th November, 2017. Token purchase rate is fixed at 1 ETH = 300 COV, which offers significant discount compared to an average rate during ICO, which will be 1ETH = 150.
Only 1.500.000 COV tokens (equivalent of 5000 ETH) to be issued at a special price for the limited number of contributors who managed to discover the project early. Pre-ICO shall be executed on first-come, first-served basis, therefore availability of tokens can’t be guaranteed for all interested participants.
All contributors will largely benefit from the early discovery of Covesting project, which provides a fantastic opportunity to purchase Covesting Tokens at a significant discount.
Learn more about Covesting: https://covesting.io
Covesting whitepaper: https://covesting.io/Covesting_White_Paper.pdf
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