COVESTING - Smart investing platform by copying the world's best traders

What does covesting offer?

Covesting is a very interesting / innovative project - it allows you to mirror the trades of successful asset managers automatically on a secure platform. Most of us are not expert traders who understand fundamental and technical analysis and spend a ton of time analyzing cryptos.

On this platform, you can subscribe to any investor and covesting will replicate their trading model for you to benefit. The model manager benefits from 18% success fees from profitable trading and you get your profits from expert trading. Sounds fun, check out their platform and white paper as well for detailed information. (https://covesting.io/Covesting_White_Paper.pdf)

They have already released a demo earlier this month which you can view on their website.

What makes it interesting?

• Covesting has a good business model around copy-trading platform - entry fee of 2% for every deposit which in turn also increases the COV token value; success fee of 18% is credit to the trader on profits and 10% is the platform fees which are again credited to COV asset contract - hence, it creates a win-win structure that incentivizes traders and investors
• Hard cap is small at 20 MN tokens only so value increase will happen with adoption (which should not be a problem in my opinion) - COV tokens will be used to follow the trading models - profit will be provided in COV - hence, its directly proportional to demand on the platform
• Covesting intends to allocate at least 50% of all platform earnings to systematic buyback and burn programs that will increase the value of the tokens further
• Expected to be traded on bittrex, HitBTC, BitFinex after the ICO - these are some big names to hear from a project in the ICO phase but entirely possible
• Dmitrij Pruglo, the founder is an investment management and trading professional with extensive experience in global financial markets. He claims to have strong experience dealing in various asset classes: FX, options, futures, equity, commodities, complex OTC structured products and bonds. Tim Voronin, the COO, is an experienced equity and derivatives trader, entrepreneur and early adopter of cryptocurrency. Dinis Guarda, the co-founder has founded several companies and specializes in business development. No big names here but seem to have a fairly capable team which can pull through the concept to execution

Project Timeline

• MVP released in Nov 2017
• Platform launch in Q1 2018 (beta)
• User acquisition (Q2-Q3 2018)

Invest

If you found this information useful, you can use my affiliate code to sign up:
https://covesting.io/?ref=44f683a84163b3523afe57c2e008bc8c

• Minimum contribution is 0.1 ETH
• ICO will end on Dec 24th - you can sign up with a 35% discount at the moment
• Hard cap of just 20 MN tokens

Note that I have already invested in their pre-ICO and might look to invest more at this stage. As always, do your research before investing, join telegram groups, ask questions, invest and then wait for the 'plant' to grow.

Happy investing!

ICO Update:

Due to increase in price of ETH, the covesting team has made a couple of important changes to provide more value to token holders by giving 4x tokens to existing investors and reducing the total tokens cap to 25K ETH (from 100k ETH). You can still get in to invest at a better discount. Here are the details shared by Covesting:

• New Tiered Pricing introduced - the earlier you get in — the bigger discount you will be able to get!
• All contributors prior to the freeze will have their tokens multiplied by a factor of x4
• The total token supply HAS NOT changed, read about advantages of low token supply here
• The hard cap has been lowered to 25,000 ETH to accommodate the increase in tokens we are distributing to investors
• No changes to development or road map items