
COVESTING Rewards its Loyal Community
As you will see from previous blog posts, I am a big fan of the new Covesting Cryptocurrency Exchange and Copy-Trading Platform and have been following its progress closely. This is made easy however, with consistent and transparent updates from the highly professional and credible Team.
Now in the very final stages before the platform launches this month, you can quickly get caught up to speed with Covesting’s latest “Month in Review” shared on the Covesting Blog. The monthly reviews give the community an refreshingly honest insight and detailed update with all of the progress made, evidently showing the teams relentless hard work in setting the highest industry standards in order to deliver a world class trading platform.
Preparing to Launch
A large focus in the preparation of launching Covesting has been placed on ensuring the platform is 100% legally compliant for the purpose of creating a sustainable, safe and reliable business model to support the growing cryptocurrency industry. Covesting, one step ahead of its crypto competitors is the first exchange to be approved for a DLT license by the Gibraltar Financial Services Commission — the company well aware that regulatory uncertainty and trust are major barriers to blockchain adoption among businesses and investors.
In the process of launching, Covesting have had a great deal of support from its community, many of whom participated in the Beta phase testing in order to report potential bugs, user experience issues, etc. This phase is crucial and highly valuable to the development of Covesting, with participants incentivised with generous rewards in appreciation.
Trading Competition Pre-Soft Launch
The opportunity for the community to earn rewards and win prizes is here again, as Covesting will be running a Trading Competition in the ‘Release Candidate’ mode for 2 weeks prior to the Soft Launch.
Users will be allowed to try out the updated platform with many new features, and of course earn rewards for both bug hunting activity and trading competition results.
This allows Covesting to run the final tests of the platform, to spot bugs and fix them before the Soft Launch in the coming weeks thereafter. Further details of the competition will be released any day now.
Referral Rewards Program
Covesting is also running a liberal Referral Rewards Program, which is best taken advantage of sooner rather than later so you can start earning from your friends trading activity straight out of the gates.
If any of your referred friends/colleagues/followers/social media connections, etc., join the Covesting platform with your referral link, you earn a commission of their trading fees for life!
The number of people you can refer is unlimited, and the more they trade the more you earn — from a minimum of 20% up to 40%. Keep track of your referral income on the referral page ‘stats’ section.
Covesting Economy
Covesting serves the best interest of its of token holders with a solid tokenomics strategy to “Buyback and Burn” COV tokens. Technically speaking, COV Tokens will be systematically purchased on the market and “burned”. Meaning that the bought-back tokens will be locked in a smart contract irreversibly and taken off the market, and as a result the total supply of COV Tokens will decrease — which should effectively improve the value of COV over time. The first ‘buyback’ is planned alongside the release of the Copy-trading feature in October.
Last but not least, Covesting rewards users with 50% off platform fees by simply using the COV Token. As the demand for the token increases over time so too will the value of the COV token, further rewarding the community for using the platform and the COV token.
For more information about Covesting check out any of the linked articles above regarding the launch, or check out the website and trading platform at Covesting.io.
