The COVESTING platform is the ultimate venue where cryptocurrency traders and investors find each other and create a transparent, safe and efficient investment environment. Investors from around the world can compare the performance of hundreds of professional crypto asset managers, mirror their trades automatically and profit together.
The mission of COVESTING is to help investors from around the world become more knowledgeable and benefit from all opportunities offered by the cryptocurrency market by implementing peer-2-peer asset management concept.
Peer-to-peer asset management is a newly brought concept to the cryptocurrency markets by COVESTING. P2p asset management (or copy-trading) is the practice of sharing investment strategies between unrelated individuals, or “peers”, without going through a traditional financial intermediary such as a bank or other collective investment management vehicle.
A peer-2-peer asset management platform is an ideal investment vehicle for novice traders looking to gain market knowledge by copying the trades of more experienced colleagues. Investors who don’t want to miss the opportunities provided by booming cryptocurrency markets, but lack time and experience, can search for a transparent and safe solution with a successful asset manager. For traders, peer-2-peer asset management is beneficial since it provides a source of additional income.
We hope everyone had a fantastic New Years celebration. 2017 truly ended with a bang for all of us in the Covesting community. Our ICO reached its hardcap early on December 31st, ending the ICO. We raised over $15m which gives us ample funding to deliver a platform that exceeds even our own expectations. We would like to thank each and every one of you who participated in the ICO, the bounty program, and took advantage of the referral rewards.
16,500,000 COV tokens sold to public contributors
10,500 Unique Token Holders
600+ Traders signed up
19,000+ Facebook followers
7800+ Telegram members
5700+ Twitter followers
1 Great community
One of the most remarkable parts of our ICO was the amount of unique token holders we have. The average token holder only holds about $1,800 worth of COV. Our token isn’t held and controlled by large whales. If you compare it to the top two ERC20 tokens (Eos and Qtum), we are largely held in smaller amounts. Qtum’s average token holder has $300,000 worth, while EOS’s average is at $55,000. While our coin currently has a much lower market cap, we are very pleased to see that we are widely held by individual investors who believe in Covesting’s future.
over 77% of COV tokens are held by individual smaller token holders
If you missed out on the chance to participate in the ICO, or would like to acquire more, the token is being traded on Etherdelta slightly above the ICO price at the time of this writing. We will be listed on HitBTC on January 20th, and are currently working on getting listed on other large exchanges.
Bounty & Referral Programs Payments
Our ICO largely succeeded due to the help of our community spreading the word about Covesting. Over 340 individuals earned referrals in just the last week of the ICO! We will be issuing out the COV and ETH earned from these programs this week. Please give us a few days to make the payments.
You can see the final referral amounts earned here.
Thank you again from the Covesting team for making our ICO an incredible success. We promise to make 2018 an even bigger year for our project and our community!