New COV Utility Now Live: Higher Profits For Followers Holding COV
Dear community,
We are pleased to reveal that the Covesting team has reached another major roadmap milestone and has delivered yet another COV utility for token holders to take advantage of.
Previously, we debuted new COV-denominated copy trading strategies and COV-denominated margin trading accounts on our B2B partner platform PrimeXBT. Today, we are proud to announce that any members holding COV tokens will receive a higher and more lucrative profit share within the Covesting copy trading module, depending on their COV membership tier.
Profit Share Increase For Covesting Copy Trading Module Followers
At its core, the Covesting copy trading module allows newcomers to tap into the skills and experience of other traders from around the globe, automatically copy their trading strategies and trades, and earn an ROI comparable to some of the best traders the platform has to offer.
In an effort to further motivate users to perform, the latest COV utility update focuses on improving the revenue sharing model for followers who hold COV.
Under standard platform conditions, the revenue share breakdown provides 20% to the strategy manager, 20% to the platform, and the remaining 60% goes to the follower. The latest COV utility increases the profit share for followers by up to 75% from all profitable trades.
To activate the exciting new utility exclusively for followers, users must select a membership level and lock the required amount of COV tokens within the My COV section of PrimeXBT. Information related to other compelling COV utilities is also conveniently located in this area.
This latest release significantly boosts profitability within the module for followers, builds a stronger case for COV token usability, and encourages market demand.
Further COV Token Utilities Planned In The Pipeline
The Covesting team is also close to delivering several additional COV utilities from the planned roadmap. In the next upcoming release, strategy managers will also receive added benefits from their COV membership. For example, Elite members will receive a 25% revenue share compared to the standard 20% revenue share from any profitable trades.
These latest and upcoming COV utilities are only a portion of what the Covesting team has planned in the pipeline for COV token holders and users of the Covesting copy trading module. The current company roadmap can be found at http://covesting.io/cov-token.
To begin taking advantage of the current COV token benefits and utilities, visit the MyCOV section of PrimeXBT and activate any of the available membership tiers. Be sure to stay tuned to the official Covesting blog and Telegram channel for updates on upcoming future COV token utilities and more.
