Former Saxo Bank traders announce Pre-ICO for Revolutionary Copy-trading platform

Oct 10, 2017 at 12:36 // News
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Covesting, a blockchain and smart-contracts based copy-trading platform, offers details about its upcoming Pre-ICO and ICO.

Digital fintech platform Covesting has set out a goal to make peer-2-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, the 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 the official website covesting.io, where customers can get familiar with the functionality of the upcoming platform.

The revolutionary platform aims to address the problems that every inexperienced investor faces – a lack of knowledge and experience required to benefit from quickly developing crypto markets. The Covesting platform helps investors and cryptocurrency traders find each other and creates a 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 are being managed by industry professionals.

The Covesting project is established by a team with a strong background in global financial markets. Working in one of the most rapidly expanding brokerage companies in the world – Saxo Bank, the former managers have acquired all necessary experience needed for the development of the revolutionary copy-trading platform.

covesting logo

Dmitrij Pruglo, CEO and ideologist of the Covesting project offered a 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.”

Covesting ICO

In order to develop the platform within the shortest period of time, the Covesting team has decided to go for an Initial Coin Offering (ICO). The Covesting project provides an 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.

The Covesting token 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. 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. The pre-ICO will occur on 20th October – 19th November 2017. The 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.

covesting design

Only 1.500.000 COV tokens (the equivalent of 5000 ETH) will be issued at a special price for the limited number of contributors who managed to discover the project early. The pre-ICO shall be executed on a 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.

Learn more about Covesting: https://covesting.io and its whitepaper: https://covesting.io/Covesting_White_Paper.pdf

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