Covesting Ushering in New Era of Cryptocurrency Trading

Gibraltar November 24, 2017 Team of former Saxo Bank employees lead by Dmitrij Pruglo, professional equity and fx trader, announced the creation of revolutionary platform for crypto currencies. A startup named Covesting is a peer-to-peer digital asset management platform infrastructure for pairing investors and cryptocurrency traders. The platform allows investors to mirror the trades of professional cryptocurrency traders without the risk of sending the trader any funds.

Covesting is made up of a team with prior management and financial trading roles at banks such as Saxo Bank, JP Morgan Chase, SEB Bank, and Zurich Insurance with vast experience in the finance and tech industry. Covesting recently incorporated in Gibraltar, one of the most ICO and regulation friendly places in the world. Their Pre-ICO stage which Covesting finished on November 19th was a major success, raising over $1.1 million and growing their community on Telegram to over 2,200 members.

Covesting is bringing copy-trading, one of the most popular concepts from traditional financial markets to the crypto industry. Thousands of new cryptocurrency investors are joining the blockchain revolution daily and many do not have the technical trading experience or the knowledge of the cryptocurrency industry to make sound investments. Covesting solves this problem in two ways, the Covesting platform and the Crypto Intelligence Portal.

Win-win for investors and traders

The Covesting platform will allow novice investors to deposit BTC, ETH or their proprietary token COV, into an account on Covesting. Investors can then convert their BTC or ETH to COV and use the COV to subscribe to a professional cryptocurrency trader. This mutually beneficial idea allows novice investors who do not have the time or ability to make the trades necessary to realize the largest gains. It is not uncommon for coins to gain 100% or more in a single day. These are opportunities often missed by novice investors who have jobs, families and other priorities. Covesting allows the novice investor to make the most of their investments.

Traders can even begin their own career as fund managers with positive performances on the platform. Successful traders will attract more subscribers, increasing their earning potential. Traders can execute their deals from many of their favorite exchanges and can continue trading as they do today.

Crypto intelligence

Covesting is also quickly building the Crypto Intelligence Portal, the largest knowledge base of all cryptocurrency related information. Covesting has partnered with several cryptocurrency experts to write over one hundred original articles to teach investors and traders everything from the very basics of cryptocurrency, to reading advanced trading charts. The portal will also aggregate news articles from a carefully chosen list of unbiased sources, market analysis from top traders, and a discussion board focused on trading.

Initial Coin Offering

In order to develop the platform within shortest period of time, Covesting team has decided to go for Initial Coin Offering (ICO). Covesting project provides the unique opportunity to take part in a crowdsale and benefit from its growth by purchasing Covesting Tokens prior to the beta-version launch of the platform. All proceeds from the token sale will fund the product launch, continued platform development, and user acquisition.

The ICO opens on November 24th at 13:00 GMT time, and will run until December 24th. The initial rate is 200 COV per 1 ETH in the public ICO, but averages down as more ETH are contributed. Investors are encouraged to contribute early as the rate drops after just the first 5,000 ETH.

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This is a sponsored post and does not necessarily reflect the opinions held by any of The Merkle’s employees. This is not trading or investment advice; always conduct your own independent research.