Covesting platform helps investors and professional digital asset managers find each other. Thanks to cutting-edge technology, Covesting allows its users to replicate trading activity of a chosen strategy directly into their segregated account at Covesting.
While asset managers benefit from success fees generated by profitable trading – Investors enjoy peace of mind knowing that their funds are managed by industry professionals Mission To help investors from around the world enjoy professional asset management services, by bringing copy-trading platform to the digital currency markets.
How it works
Instead of spending time on looking for clients, asset managers and crypto traders instantly get access to the combined capital of all Covesting community. Each trader can easily setup a trading Model and earn additional income by allowing others to copy their trades.
The more successful trader is, the more Followers he or she will be able to get and more money to make from profitable trading.
Fund managers and traders have access to a variety of reports about every aspect of their trading, revenue and Followers - all in real-time.
The Covesting Platform creates a synergized marketplace that brings investors, individual cryptocurrency traders and professional fund managers together. All parties benefit from the Covesting platform: Model Managers (traders) get access to new audiences and sources of additional income. Investors have access to a broad range of investment strategies to choose from and the ability to analyze historical performance in order to make the right investment decisions.
Concept Design. Research. Team formation.
White paper disclosed. Development of prototype
PreICO. New team members
Prototype version of platform released. ICO
First copy-traders. Api testing
Beta version launch
Leading copy-trading platform
Attention. There is a risk that unverified members are not actually members of the team
The Covesting platform is an attractive business model that would garner a lot of attention from all traders whether beginner or professional. The copy-trading platform intends to shed light on the specifics of a users trade by allowing other users to subscribe to their trading model. The first implementation of Covesting will only have manual copy trades, a good decision because their liquidity aggregator partnership does not appear to be solidified. Without these details a lot of trust is left in the hands of the unknown.
The buyback and burn model should work to restore more value to each proprietary coin, though it does feel like a substandard and inefficient way of bringing value to a token. There are other investment platforms which better utilize blockchain's true technology such as Rublix or Cindicator. Their products bring value to the token by integrating it within its ranking algorithms, staking incentives or use in other future products. It would be nice to see Covesting set up a smart contract on their GitHub page that would safely burn the coins, it would provide a peace of mind for most investors to see that their only value adding model is 100% legit. Overall Covesting looks like a promising project, the token use is arguable but their concept could provide a solid competition to the eToro or ZuluTrade platform which in combination has well over 5 million active users. If the guys at Covesting are able to capture even just a small market share, their token value could increase over time with even their simple token burning model.
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