What is Covesting?
They plan to launch the first social mirror trading platform in the crypto currency market. Similar to etoro, the platform will involve crypto investor investors who trade in real time.
Just greet and give a little review for an ico project that is based on a phenomenon bounty mania or bounty hunter on the largest and official website of bitcointalk. What is this project? Yes the project named “COVESTING” or COV is the ERC20 Standard Token on Ethereum blockchain, fully compatible with all Ethereum wallets that have ERC20 Token and smart-contract support using the ERC20 Standard. Can be used as coins, certificates, IOUs, in game credits, currency for services, etc. have no value by themselves but are working hard to change this aspect by developing various services for COV creating a token request and hopefully increasing that value. Because the project aims to advance the future of COVESTING, these coins or tokens are directly and targeted at free for all the people who are often called bounty hunters in bitcointalk forums who want to participate in introducing and supporting this project In the form of bounty. And some bounty programs that are provided also vary and very much. In the form of bounty twitter, facebook, video, logo contest, blog or article and signature campaign. And all that information you can see and join on the following link JOIN
Problems and cryptotrading
The rapidly growing number of ICOs led to the emergence of more than 1,000 new crypto-currencies (coins), market professionals successfully trade them daily, which provides high returns for many investors.
Now there are new opportunities in the field of investment. Crypto-currency markets are open 24 hours a day, seven days a week, and the development of crypto-currency and blockchain technologies has a huge potential — all these are the best indicators for the growth and development of exchange-traded crypto currency trading.
Yes, you can easily become an investor, stock trading is open to everyone, but here for an inexperienced trader usually there are some common problems. Trade in crypto currency occurs on several exchanges, all of which have different rules. Most potential investors are lost at this stage. Another problem is volatility, which can negatively affect the overall trading result of any private investor.
In addition, training in stock exchange trading does not provide any guarantee of its successful conduct, sometimes it takes a lot of experience, in the process of its work, it is possible to fill many cones and lose their investments. And often disappointed and completely abandon the investment.
Problem for merchants
Digital asset managers also face their own problems:
It requires a lot of technical knowledge to launch their own platform and programming.
Complicated legal issues.
Must market themselves, a new world for many people.
The main problem is acquiring trust, in the crypto currency market it is even more difficult because many scams occur because of their anonymity.
Because of this problem, many private traders continue to trade on their own with limited initial capital.
With the market growing so fast, their whitepaper estimates that their 300 crypto funds will be managed in just 2 years.
Solution
The new platform aims to connect investors with professional traders, while providing a safer environment.
FEATURES
Every investor on the platform will have the option of diversifying and lowering their risk by copying up to 20 merchants at a time.
The model manager will receive a commission of 18% of the profits generated by their followers.
The platform will collect 10% commissions, which means that investors will be left with a 72% commission, just to choose which merchants they want to follow.
Model managers will not realize how much capital follows their trade, only the number of investors they follow. Investors on the platform are allowed to use aliases as screen names to hide their true identities.
This new platform will allow private traders to start their own careers as digital asset managers and compete with others to get the best track record on the platform to attract more investors to follow them.
The history of mirror trading allows users to automatically perform 'MIRROR TRANDING' by other traders.
Tradition claims that they became the first company on the market in 2005 by allowing users to copy their strategies for trading.
Trading mirrors are often also called cop trading, but copy trading is slightly different because asset managers often have access to direct investor funds.
Etoro is one of the most popular social trading platforms with over 150 employees.
ICO
To have a new prototype platform, ready on November 20, for investors to check before the ICO starts on the 24th.
Here are some of the features they want to get when they are live:
Registration: It will be easy to register just by providing an email address or login through a social media account.
Accounts and wallets: The new platform will have their own wallet that all users can use. Each wallet will contain BTC, ETH and COV addresses. It's only possible to use their own COV token to subscribe to merchants.
Exchange fee: COV can be purchased from the platform, it will cost 2% to generate a new token.
Model manager: Model managers only need to connect their external exchange accounts to the platform using the API, then all the transactions will be posted on the platform for users to follow and copy.
After trading: When an investor decides to follow a trade, all merchant trades will be copied with the percentage of investor funds they can charge.
Separate accounts: To improve security, platforms offer separate accounts, model managers will not have access to investor funds.
Not following a trader: An investor may decide not to follow traders any time, once they do so their funds will be transferred back to their account, less the commission fee incurred. If a trader decides to stop using the platform then all the funds they follow will be returned to the investor.
Commission advantage: Investors will receive 72% of the profits earned their capital, 18% of the cost of success is given to the model manager and the 10% fee is charged by the website.
COV Token
The new site will use a COB token that is an ERC20 token built on the Ethereal blockade. The COB sign will be fast and easy to transfer between the ERC20 wallet.
The token will have a total supply of 20,000,000, 1,500,000 will be sold during the initial sale, 15,000,000 sold during ICO, 2.5 million distributed to the founders who will be locked into a smart contract for 3 months, with the last 1,000,000 distributed to the advisor and gift participants
These tokens will be used by investors to enable them to follow traders, this will create a demand for COV that will depend on the success of the new site.
COV will be generated by smart contracts when investors buy them using ETH or BTC which means that the new currency will be backed by Ethereal.
Covesting projected that by 2020 there will be $ 50 million in trading copying capital on websites that will dramatically increase demand for their tokens.
At the ICO launch the team will aim to recruit established funds and renowned merchants to the website. They aim to have 5000 members by the end of 2019.
Roadmap
October 2017: Pre ICO
November 2017: Prototype ICO and platform.
December 2017: Completed website development.
January 2017: List of new PPV token tolls.
February 2017: The beta version of the website launches.
March 2018: Continue to get new investors and merchants to the website.
2019 and beyond: Goals have more than 4000 website users
Founding team member
* Dmitrij Pruglo, Founder & CEO: Has 12 years experience in equity, derivatives and foreign exchange trading. Previously worked for SEB bank and Saxo bank.
* Timofej Voronin: 12 years experience of transacting, working with Dmitrij at Saxo bank. Also works for Swedbank, Orion securities and Argo traders.
* Sergey Sevantsyan, CIO, CTO: Having 20 years experience in the IT industry, founded IBW company. Consultants and project managers of crypto and ICO funds before
SALES
The first opportunity to buy tokens will be during pre-sale that will run from October 20 to November 19. Buying the initial token will be at a discount of 1 ETH = 300 COV.
Documented states that they have funds available for development but funds arising from initial sales will enable them to grow their team and ensure that the prototype site will be ready before the official ICO.
The pre-sale goal is set in 2000 ETH with a maximum limit of 5000 ETH.
The collected funds will be divided, 65% for the product development team and 35% for additional marketing.
Details of the delegated ICO
Date: November 24 - December 24th
Price: Starts 200 tokens per ETH for the initial investor and drops to 130 per ETH.
Hardcap: Set at 100,000 ETH
How much is spent to spend?
40% Development team: The team will consist of 15-20 engineers.
25% Marketing: Like digital marketing and attending exhibitions etc.
15% Strategic partnership: Mainly used for API integration with other exchanges.
12% Operational: Employees do not include developers and office space etc.
5% Law
3% owner and developer bonus
MORE INFO:
Website: https://covesting.io/
Whitepaper: https://drive.google.com/file/d/0B6cR32XTqx2ceVpuWU41SGdPOUU/view
Twitter: https://twitter.com/covesting
Facebook: https://www.facebook.com/covesting
Telegram: https://t.me/covesting
Author :
My Bitcointalk username: rezqiano
My Bitcointalk profil : https://bitcointalk.org/index.php?action=profile;u=1271152
My ETHERIUM Address : 0xBD40fE1dDEa0057D469b1c1Ac74637279F9056F5
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