July in Review

Aug 13, 2019 · 4 min read

Dear community,

July was yet another month, deeply focused on development with as much as 90% of the Covesting team’s time dedicated to finalizing all of the necessary details for the upcoming implementation and integration of the Covesting module on our third-party partner, Bitcoin-based margin trading platform PrimeXBT.

Covesting Asset Management Module Preview

A live preview of the Covesting asset management module has been launched on PrimeXBT, providing a hands-on demo of the front end UI working at full speed. The preview gives clients a glimpse at many of the features that will be available at launch, such as the global public rating system.

Many additional features will be made available when the Covesting module is released to the public and will be functional across all of the assets and tools available on PrimeXBT, such as 100x leverage and the ability to take long and short positions on forex, commodities, crypto, and more.

Due to the intricacies involving two companies and the release of a massive-scale peer-to-peer asset management module, we are unable to share a firm delivery date or even estimates at this time. However, rest assured that development is nearing its final phase and we will announce details as soon as we are ready for launch.

The preview of the Covesting module offers:

• A demo of the user interface and look at the different sections that will soon be available in the Covesting module, including Rating, Portfolio, and Create Fund.

• A sneak peek at the global public rating system, which helps investors discover top-performing funds to invest in.

- Ratings are weighted using several factors, such as total profit, daily profit, days active, and much more.
- All fund ratings are public, however, users may also open a private account for personal trading.

Covesting users should register today on PrimeXBT if they haven’t already to see the live preview of the Covesting module in action.

Support Our Partner and Win $1,000 to Trade

PrimeXBT launched an exciting social media competition, offering $1,000 in account equity to use toward trading on the platform to whoever shares the most unique and interesting photo of their PrimeXBT trading environment.

Whether it’s a photo of a cell phone using the PrimeXBT mobile app or professional multi-screen setup designed for trading and charting multiple assets simultaneously, anyone is invited to share their setup on Twitter using the #myPrimeXBT hashtag.

In support of our partners and to celebrate the preview of the Covesting module on PrimeXBT, the Covesting team shared our own #myPrimeXBT setup, complete with dual-monitors and a laptop displaying the Covesting module’s global public rating system, designed to help investors discover funds to invest in.

We encourage all of Covesting’s clients awaiting the much-anticipated launch of the Covesting module to join us in supporting our partner and share their own #myPrimeXBT PCs, laptops, monitors, mobiles, and more on social media to be entered for a chance to win $1,000 to trade on the platform.

Be sure to open a window to the Covesting module preview to be included in your photo, and also include the #myPrimeXBT and #Covesting hashtag with any tweets.

COV Update and Ongoing KuCoin Communication

Following COV token being added to Kucoin’s Special Treatment area, we have been in close contact with the exchange and are working closely to resolve the issue. We are communicating with Kucoin regularly and are solving the issue with their cooperation.

COV token recently topped the biggest gainers ranking list on the popular cryptocurrency market analytics platform CoinMarketCap, with an over 50% gain on the day it achieved the top spot.

Summary and The Days Ahead

Since the inception of Covesting, we have strived to bring to market a cutting edge technology that would revolutionize the crypto industry. It has since evolved into a full-scale peer-to-peer asset management module and its implementation on PrimeXBT — a multi-asset trading platform we are partnering with — marks a major milestone for both companies, but especially Covesting as we reach the goals we set out to achieve at the start.

No journey is without challenges along the way, but perseverance and hard work always have a positive outcome in the end. Covesting continues to push toward the release of the Covesting module on PrimeXBT and will share additional updates as they are available.

Moving forward, we will discontinue to regularly scheduled month in review updates and will move to a system of sharing new updates as they are ready for public release. This will allow for a greater focus on development and deliverables while allowing us to communicate only the most critical updates to our users.

Stay tuned to official channels, and be sure to follow us on Facebook and Twitter.

The Covesting team

Covesting Blog

Cryptocurrency Trading Platform with the most complete and professionally handled infrastructure for investors and traders.


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Secure and user-friendly cryptocurrency exchange and copy-trading platform. Based in Europe - Trusted Globally.

Covesting Blog

Cryptocurrency Trading Platform with the most complete and professionally handled infrastructure for investors and traders.

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