{"id":2988,"date":"2021-05-24T15:19:07","date_gmt":"2021-05-24T15:19:07","guid":{"rendered":"https:\/\/icoholder.com\/blog\/?p=2988"},"modified":"2026-05-12T05:50:03","modified_gmt":"2026-05-12T05:50:03","slug":"cov-token-utility-features-unlocking-new-benefits","status":"publish","type":"post","link":"https:\/\/icoholder.com\/blog\/cov-token-utility-features-unlocking-new-benefits\/","title":{"rendered":"COV Token Utility Features: Unlocking New Benefits"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/icoholder.com\/blog\/cov-token-utility-features-unlocking-new-benefits\/#What_Is_Covesting\" >What Is Covesting?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/icoholder.com\/blog\/cov-token-utility-features-unlocking-new-benefits\/#What_Is_The_COV_Utility_Token\" >What Is The COV Utility Token?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/icoholder.com\/blog\/cov-token-utility-features-unlocking-new-benefits\/#How_Does_COV_Token_Utility_Work\" >How Does COV Token Utility Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/icoholder.com\/blog\/cov-token-utility-features-unlocking-new-benefits\/#What_Are_Covesting_Yield_Accounts\" >What Are Covesting Yield Accounts?<\/a><\/li><\/ul><\/nav><\/div>\n<p data-pm-slice=\"1 1 []\">The big news in crypto right now is that the COV token and the latest enhancements coming to the token boost not only the COV token utility features itself but also benefits users of various Covesting software experiences.<\/p>\n<p>These one-of-a-kind experiences include the <a href=\"https:\/\/primexbt.com\/copy-trading\">copy trading module on PrimeXBT<\/a>, and soon, the just-revealed Covesting Yield Account system.<\/p>\n<p>Covesting Yield Accounts, in addition to the upcoming COV token staking feature on PrimeXBT, unlock some of the most compelling features ever introduced to the trading community yet. Here is more on how these solutions will disrupt the world of DeFi and bolster the sector\u2019s already high APYs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_Covesting\"><\/span>What Is Covesting?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><a href=\"https:\/\/www.latinpost.com\/articles\/150276\/20210511\/what-you-should-know-about-covesting-yield-accounts.htm\">Covesting<\/a> is an ecosystem, native utility token, and developer all by the same name \u2013 and all representative of the same innovative formula for success. Covesting is a Europe-based DLT-licensed software developer known for creating the COV token and the Covesting copy trading module. The company licenses its fintech software solutions to B2B partners through white-label agreements. One of their notable collaborations is with PrimeXBT, an award-winning margin trading infrastructure.<\/p>\n<p>PrimeXBT is currently the exclusive home to the Covesting copy trading module that connects followers with strategy managers who can profit together via the peer-to-peer platform.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_The_COV_Utility_Token\"><\/span>What Is The COV Utility Token?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">Users can boost profitability with the COV utility token by reducing fees, improving profit shares, and more. The COV token will also be integrated into Covesting Yield Accounts, set to launch on PrimeXBT in Q3 2021.<\/p>\n<p>The COV token is a native utility token on the ERC-20 standard, utilizing the Ethereum blockchain. Covesting plans to introduce a bridge to the Binance Smart Chain and create a BEP-20 token for greater flexibility.<\/p>\n<p>The Covesting team burns COV tokens at regular intervals to support valuable tokenomics for long-term benefits. Over half a million COV tokens have been burned, with full transparency provided for all to see.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Does_COV_Token_Utility_Work\"><\/span>How Does COV Token Utility Work?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">COV token utility works in a variety of ways. New COV staking coming in May of this year will unlock three new membership status levels, ranging from Advanced to Premium, and at the very top of the list, Elite, offering enhanced COV token utility features for all token holders.<\/p>\n<p>Each tier unlocks increasingly better benefits for COV token holders who stake COV. The more COV locked up, the better the account rewards. Benefits include increasing follower counts on Covesting for strategy managers, eliminating entry fees for followers, and much more.<\/p>\n<p>Best of all, when Covesting Yield Accounts launch later this year in Q3 2021, COV staking will also activate up to a 2x multiplier boost on APY generated through the innovative new tool.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Are_Covesting_Yield_Accounts\"><\/span>What Are Covesting Yield Accounts?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-pm-slice=\"1 1 []\">Covesting Yield Accounts are a disruptive service that connects PrimeXBT users to top-performing DeFi protocols. This allows access to high APYs without needing technical know-how or complex wallet connections.<\/p>\n<p>PrimeXBT offers a simple user experience that lets users earn competitive variable APYs with just a few clicks. This is all done through the secure wallet system the platform is known for. Users can lock up crypto assets like ETH, <a href=\"https:\/\/icoholder.com\/en\/btc-1090449\">BTC<\/a>, and stablecoins to earn an APY significantly better than what conventional savings accounts offer today.<\/p>\n<p>The tool lets users tap into all that DeFi has to offer without the fear of messing something up. <a href=\"https:\/\/covesting.io\/cov-token\">COV token<\/a> holders get even more out of the experience with as much as a 2x boost from staking COV tokens. There\u2019s also a growing waitlist that gets anyone who joins an additional 1% boost on APYs during the launch month.<\/p>\n<p>Covesting Yield Accounts are scheduled for a Q3 launch of this year, according to a blog post from each company. The new module will live alongside the Covesting copy trading module and all of PrimeXBT\u2019s advanced trading tools. These top-notch tools include built-in charting software from TradingView, long and short positions, and much more \u2013 all under one roof and accessible from anywhere in the world from a smartphone app or via desktop.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The big news in crypto right now is that the COV token and the latest enhancements coming to the token boost not only the COV &hellip; <\/p>\n","protected":false},"author":1,"featured_media":2174,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-2988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COV Token Utility Features: Unlocking New Benefits<\/title>\n<meta name=\"description\" content=\"Explore the various COV token utility features, including staking, membership tiers, and more benefits for token holders - 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