There are a lot of hypes being around cryptocurrencies and ICO in general. People want to benefit from the rapidly growing cryptocurrencies market. A lot of people joining the crypto space but unfortunetely they are scare to invest as crypto is very volatile asset. Newbies are loosing money when trading their crypto assets because of lack experience. Investors are in doubts where to invest their money to get a profitable and secure crypto assets. Investing in digital assets requires experience and may become difficult and time-consuming, especially for someone who has a full-time job not related to technology or online trading industry. You don’t know how to start and manage the risks. You don’t want to consume a lot of time trading the cryptocurrencies and investing? Let professionals do the job for you!
Meet Covesting : first copy-trading platform on the crypto currency market
Covesting is a blockchain-based crypto p2p copytrading platform built for cryptocurrency traders and investors. It is something that was never done before. Any new user or investor can search and compare performance of hundreds of proven crypto currency traders and mirror their trades automatically. Pretty good feature for those who never been trading or investing in crypto before or for people who don’t want to spend to much time on research or trading. Using Covesting platform every trader can literally build a career of successful asset manager. There is a feature of diversification available on platform where each investor can diversify their investments by following up to 20 different traders at the same time.
Covesting already deployed their MVP version of platform, and has since grown their community to over 3,000 Telegram Channel members and 10,000 Facebook followers. Covesting community looks very solid and team member always in touch. Even CEO is always chatting with community. That means a lot.
Platform specifications:
COVESTING aims to deliver the most user-friendly and advanced peer-2-peer digital asset platform.
The concepts specifications are following:Registration — Email, Facebook, Google and Twitter
COVESTING Account and Wallet — each user will recieve automatically created wallet with BTC, ETH and COV addresses. By depositing any of this coin it is possible to use internal exchange from one currency to another.
Entry fee — Every deposit to your account cost 2% entry fees which is accrues to COV asset contract and increasing the value of COV tokens
Model Traders — the model which is created by user to trade on external exchanges using Covesting platform via available API. After linking to external exchanges the model become available for everyone to follow.
Investors — User which is following models to benefit from that traders models which is chosen by him and make profits. There are 20 different models available for each investor.
Marketplace — all users can search, rank, filter, share and compare different trading models.
Following to a Model — investors can find suitable model for him and start to follow and all the trading which will take place on that model will be replicated to your segregated Covesting account.
Segregated Accounts — providing security and inattention to investors Covesting is offering segregated account. No any funds will go directly to Model Trader, which avoids trust and security issues.
Unfollowing the Model —Each investor can stop following trading model whenever he wants to. By unfollowing the trading model the funds will be immediately returned to their wallet minus success fees and commission in case of any profit they earned.
Profit Sharing — If investor will receive profits from trading model then the income will looks like this: Success Fee — 18% of all profits will be transferred to the Model Trader’s wallet. Platform Commission — 10% of all profits and will be automatically credited to COV Asset Contract. The remaining 72% shall be credited to the investors wallet along with the initial investment.
Anonymous Mode — You can choose whether to provide real names or remain anonymous.
Users Privacy — No any personal user data is available for moderators or other users. The user can stay completely anonymous if he wants to.
Covesting team:
Covesting team looks very solid. With the background in trading and being around bitcoin since 2012 those guys are definitely the ones who know what are they doing.
The Covesting project was founded by CEO Dmitrij Pruglo, Co-Founder and COO Timofej Voronin and Co-Founder Dinis Guarda.
As for now Dmitrij has over 12 years experience in handling FX , options, futures, equity, commodities, complex OTC structured products and bonds. He is passionate about trading and FinTech. Dmitrij with his extensive background and in-depth knowledge has become driving force of the COVESTING project.
Tim Voronin is an experienced equity and derivatives trader, entrepreneur and early adopter of cryptocurrency. He has extensive experience being trading since 2008. He discovered Bitcoin in 2012 and become an early adopter of cryptocurrencies.
Dinis Guarda is a serial entrepreneur in the artificial intelligence and blockchain industries, social trading, crypto and ICO Evangelist. For three consecutive years he has been ranked in the top 10–50 influencers worldwide in blockchain, fintech, and social media.
Other members who are driving the Covesting team include and CIO/CTO Sergey Sevantsyan, Project Manager Andrey Nenadov, Chief Commercial Officer Kurt Carlsson, Investment Products Development Ivan Klykov, Director of Business Development Paul Hinrichsen and Head of Markets and Investor Relations Peter Kristensen. All of the team members having the extensive background in their area of business.
COV Token Structure and Supply:
COVESTING token (COV) is an ERC20 token and a smart contract system built on the Ethereum blockchain, and designed to be used by members within the COVESTING platform.
Total supply: 20.000.000 COV
Pre ICO Phase: 1.500.000 COV
Full ICO Phase: 15.000.000 COV
Founders: 2.500.000 COV and will be locked for 3 months.
Advisory, bounty and PR pools: 1.000.000 COV
COV token is an utility token which will be used across platform. Demand for COV correlates with the copy-trading volume at the COVESTING platform. The more investors and traders on the platform, the higher the value of COV Token rises.
The ICO is live now and will last till January 15th.
Token price during ICO
Overall, Covesting is building usefull and innovative platform which will allow new investors to benefit from the professional trading models. Covestin looks very solid and there are no competitors yet to come. The platform in an exciting innovation within the traditional trading markets. It is solving the problems which is now exists for new comers across the cryptocurrencies. MVP is available and community was more then satisfied about it. Covesting doing great with community. It is like to have a thousands of traders working for you. A perfect launch point for a career in cryptocurrency asset management. Imagine the platform where you invest and make profit being chilling in hotel.
Contacts:
Website: http://covesting.io/
Whitepaper: https://covesting.io/Covesting_White_Paper.pdf
Telegram: https://t.me/covesting
Facebook: https://www.facebook.com/covesting/
Twitter: https://twitter.com/covesting?lang=en
Medium: https://medium.com/@Covesting