Digital fintech platform Covesting has set out a goal to make peer-to-peer asset management services available for all cryptocurrency market participants. Investors can easily browse through dozens of trading strategies, provided by professional crypto traders, and subscribe to the ones matching their goals. Thanks to technology-based solutions and smart-contracts, Covesting platform allows its users to replicate all trading activity of a chosen strategy directly into their segregated account at Covesting.
Covesting is currently in a fundraising phase and is preparing for the Presale of its COV tokens, starting Oct. 20, 2017. The Pre-ICO will take place on official website covesting.io, where customers can get familiar with the functionality of the upcoming platform.
The revolutionary platform aims to address problems that every inexperienced investor faces — lack of knowledge and experience required to benefit from quickly developing crypto markets. Covesting platform helps investors and cryptocurrency traders find each other and create mutually-beneficial investment environment. While asset managers are rewarded with success fees generated by profitable trading — Investors enjoy peace of mind knowing that their funds being managed by industry professionals.
Covesting project is established by a team with strong background in global financial markets. Working in one of the most rapidly expanding brokerage companies in the world – Saxo Bank, former managers have acquired all necessary experience needed for the development of the revolutionary copy-trading platform.
Dmitrij Pruglo, CEO and ideologist of Covesting project offered few words on the company’s perspectives, stating:
“Covesting is bringing a time-tested solution of peer-to-peer asset management to the cryptocurrency markets. Social trading model works really well in traditional markets, so we are confident that copy-trading platform for crypto will also become a widely used solution among traders and investors.”
In order to develop the platform within the shortest period of time, Covesting team has decided to go for Initial Coin Offering (ICO). 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. All proceeds from the token sale will fund the product launch, continued platform development, and user acquisition.
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 the community, automatically creating strong demand for COV tokens and positioning it for multiple digit price increase.
There will be a Presale arranged for partners willing to purchase COV tokens prior to the public ICO. Pre-ICO will occur on 20th Oct. – 19th November 2017. Token purchase rate is fixed at 1 ETH = 300 COV, which offers a significant discount compared to an average rate during ICO, which will be 1ETH = 150 COV.
However, 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.