I've found this ICO while I was reading an article in a crypto currency page as an ad banner. When I digged for this ico more on their official page, as an ex fx trader I find their idea brillant!
Recently there are many new people who are willing to invest in crypto currencies but they don't know how to invest or which coin has a potential.
In Covesting platform which beta will be released in Q1 2018,according to their road map, there will be 2 types of participants- Pro traders and investors. By using Covesting Platform, investors will be able to compare
the performance of the successful cryptocurrency traders and mirror their trades automatically to their account. In case a trading Model resulted wih a profit for the investor, income distribution will be as follows :
Trader's 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.
I saved the best for the last: With the 10% comission which Covesting platform takes from your profit, they will use at least half of these funds to buy their own tokens-COV and burn it which means the circulating supply will decrease and this will push the price of coin up depending on the demand.
The hard cap 20 mio USD, has been already reached 2 weeks before the deadline of the ICO and COV coin will begin trading on 20th of January 2018 at HitBTC and then other exchange platforms in coming days.
As a result I think COV coin will be definitely a profitable coin in near future.
PS: This is NOT AN INVESTMENT ADVISE ! It will be your decision to invest or not!
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