covesting cryptocurency

What is COVESTING

The COVESTING platform allows its users to automatically copy the trades made by the successful cryptocurrency traders and profit together!

• Investors are making same profits as professional crypto traders, in the comfort of their account
• Traders are rewarded with 18% success fees by allowing others to copy their trades

We want to reward our supporters with a chance to earn Covesting Tokens by participating in our bounty campaigns during the pre-ICO and ICO. You are able to join at any time, however the sooner you do it, the more rewards you will get after our bounty program ends.

A reward fund for bounty campaign members is 4% of all ICO contributions collected

Each member can increase rewards by participating in multiple campaigns. By limiting number of participants for each bounty, we are able to offer higher rewards for each member. All bounty rewards shall be paid 2 weeks after ICO is over.

We welcome everyone to make his or her contribution to the project development by joining our bounty program

The crypto currency market

The crypto market has grown massively in 2017, with the combined market cap currently above $140 billion. With developments in blockchain technology its made launching an ICO (initial coin offering) simple for start ups, which has led to there now being over 1000 coins available and dozens of new currencies launched every month.
However there’s still massive room for growth in the market, the following companies market caps dwarf that of the entire crypto currency market still:
* Alphabet (Google): $650 Billion
* Microsoft: $566 Billion
* Facebook: $495 Billion
* Alibaba Group: $437 Billion

Problems for Investors

Once people hear about crypto currency they’re left with the daunting task of trying to buy into it. Many of the exchanges have a terrible user experience, making it hard for users with limited knowledge to understand and also charge high fees. There’s also other problems, such as:
* Needing to use multiple exchanges to change different currencies.
* Different sets of rules on them.
* Long, drawn out verification process.

This has meant that getting involved in the market is too complicated for the average person, meaning that experienced traders coming from other backgrounds such as FX trading are the ones left to profit.
Many potential investors also worry about the security of exchanges, with some of even the biggest exchanges facing problems in the past, such as the well documented Mt.Gox hack.

This shows that the market cap of Alphabet alone is 4 times the size of the entire crypto market, showing that there’s still massive room for growth.

The new platform

https://www.youtube.com/watch?v=a5871zGqgPg

Covesting are aiming to have a prototype of the new platform ready by the 20th of November, ready for investors to check out before the ICO starts on the 24th.
Here’s some of the features they’re aiming to have when they go live:

Registration: It will be easy to register by just providing an email address or logging in through a social media account.

Account and wallet: The new platform will have their own wallet which all users will be able to use. Each wallet will contain BTC,ETH and COV addresses. It will only be possible to use their own COV token to subscribe to traders.

Exchange fee: COV can be purchased from the platform, there will be a 2% fee charged to generate new tokens.

Model managers: Model managers will simply need to link their external exchange accounts to the platform using the API, then all of their trades will be posted on the platform for users to follow and copy.

Following trades: When an investor decides to follower a trade, all of the traders trades will be copied with a percentage of the investors funds that they can set.

Segregated accounts: To increase security the platform offers segregated account, the model manager won’t have access to an investors funds.

Un-following a trader: An investor can decide to unfollow a trader at any time, once they do so their funds will be transferred back to their account, minus any commission fees that have been incurred. If a trader decides to stop using the platform then all of the funds that were following them will be returned to investors.

Profit commission: Investors will receive 72% of the profit that their capital makes, an 18% success fee is given to the model manager and a 10% fee is charged by the website.

 Rewards for holding tokens
Instead of issuing dividends which create additional regulatory problems, The team is planning on using 50% of the revenue generated on ‘burning’ tokens, this means that tokens will be bought from exchanges and taken out of the available supply. This should then increase the value of the token.

Roadmap
October 2017: Pre ICO
November 2017: ICO and platform prototype.
December 2017: Finalizing development of the website.
January 2017: Exchange listings of the new COV token.
February 2017: Beta version of the website launched.
March 2018: Continuing to acquire new investors and traders to the website.

2019 and beyond: Goal of having over 4000 users of the website

Founding team members

Dmitrij Pruglo

CEO & Founder

Dimitrij Pruglo is an investment management and trading professional with extensive experience in global financial markets. Passionate for and inspired by fintech and trading, his scope of interests expands from investment in traditional markets, to startups and cryptocurrency. After graduating from Karel de Grote-Hogeschool, Antwerpen; Dimitij quickly began to develop a career in the financial industry as a top performer in the SEB Bank Investments department, covering UHNW clients. Working as a sales trader at the headquarters of Saxo Bankin Denmark, Dimitrij further developed his trading skills as a financial market professional, delivering outstanding results. He is a licensed financial broker and holds an ACI dealing certificate.

Dmitrij now has over 12 years of experience dealing in various asset classes: FX, options, futures, equity, commodities, complex OTC structured products and bonds. He has in-depth knowledge of most trading platforms available on the market today and has been involved in the development of several algorithmic trading strategies. After gaining the necessary experience from Saxo Bank, as well as constantly adapting to the latest developments in the fintech and blockchain industries, Dmitrij became the Founder and driving force of the COVESTING project.

  

COO & Co-Founder

Tim Voronin is an experienced equity and derivatives trader, entrepreneur and early adopter of cryptocurrency. His first engagement with Bitcoin began in 2012 when he first included cryptocurrency in his private portfolio. Tim began his trading career in 2008 as a prop trader at Argo Traders where he was constantly implementing new trading techniques and grew as a professional, trading on LSE and XETRA during one of the most turbulent times in market history.

Tim was a top performer on the FX and equity desks of Orion Securities, covering UHNW, managing portfolios and generating trading strategies in various asset classes. Tim was an early adopter of cutting-edge technical breakthroughs in trading and is an IMC license holder. After his trading role at Saxo Bank, where he worked alongside other COVESTING team members, Tim switched to managing his own portfolio and participating in business ventures in both real economic segments and alternative investments.

Dinis Guarda

Co-Founder

Dinis is an influencer, specializing in business development strategy and blockchain, as well as an ICO Evangelist. For three consecutive years he has been ranked in the top 10-50 influencers worldwide in blockchain, fintech, and social media. Dinis is the founder/CEO of LifeSci - a P2P, blockchain, PAAS with a Nobel of Medicine.

He was the founder of Tradingfloor, one of the first digital social networks for trading at Saxo Bank. Dinis created Ztudium – a digital tech platform and blockchain company. He is a lecturer at Copenhagen Business School, Cambridge University, Group INSEEC/Monaco University.

Dinis is a serial entrepreneur in the artificial intelligence and blockchain industries, publishing several books and speaking at multiple conferences around the world on these topics. He is a social trading, crypto and ICO Evangelist who has worked with leading industry players to develop several cryptocurrencies. Dinis has been involved in the business development, technology infrastructure and legal landscape of several international foundations working as Founder, COO and CMO. He works with the UN, several governments, the European Space Agency, Saxo Bank, Mastercard, Barclays, and Oanda.

author:salsa24