The Covesting (symbol is COV) token is defintiely one to keep an eye on with recognition by giants like Yahoo Finance, Market Watch and The Street.
When we first heard about this one, we were sure it was too good to be true but with demo software already in place, it seems like this dream might really turn into a reality so we’re super excited to be breaking it down for you!
Covesting is essentially every wannabe trader’s dream.
Your portfolio will automatically copy what expert, veterened investors do, taking a percentage (18%) for the trader if there’s a profit. Basically, you choose an amount, you choose an investor and you press “Start” and voila!
All the investors you can follow are listed with their verified track records plain to see so you can sort by things like profit, consistency, lack of losses and choose your favourite.
Futhermore, if you are an expereinced investor, then you can apply here to be one the traders being followed. This is pretty good for you too because you’re upping the ante on your profits but maintaining the same downside risk.
Some of the bonuses are that the software includes a comparison of prices from various exchanges all in one spot, which gives traders an edge. Furthermore, by the look of the demo, it’s pretty user friendly with advanced charting and last but definitly not least also included in the software will be news and information about the crypto world.
Alt Coin By The Numbers
Supply of Token : 20,000,000 COV
Here’s some information about their recent sale since this is really an ICO becoming alt coin
Min contribution amount: 0.1 ETH
Sale : Nov. 24, 2017 – Jan.15th, 2018 – Raised $15 million+
Listing Date: January 24th, 2018 on HitBTC
2017 was a crazy year for this ICO and just goes to show how organized and capable their team is. They went from forming a team, preparing and hashing out the idea, writing up and releasing the whitpaper to raising $1.1 million, releasing the demo and doing a good chunk of software development and testing.
In 2018, their plan is to get on muliple exchanges, release the beta version of the platform, do some publicity and marketing, release a mobile app, setup headquarters in London, (*pause for breath*) form partnerships, optimize the software and achieve gloabl user acuisition.
Woooah! This is one ambitious team we’ve got here but so far they’ve surpassed expectations so we’re super excited to see how this year goes.
This is one of the few alt coins we’ve seen so far that has the potential to really distrupt the market with it’s software.
It still seems almost too good to be true so let’s wait and see how 2018 goes and we’ll keep you updating on the team’s progress!
- The Whitepaper: Covesting Whitepaper
- Official Website: Covesting
- The Bad Crypto Podcast : Episode #65