Quintessence of Trading: 10 Things to Know About Covesting

Despite the youth of our platform, there is a significant amount of positive information already available regarding Covesting. We decided to simplify the benefits of the Covesting platform, and to collect and share the quintessential features of Covesting before our official launch.

1. Professional team

Covesting has achieved so much to a large extent thanks to its experienced team members. Covesting’s CEO Dmitrij Pruglo and COO Tim Voronin have an extensive background in trading and dealing with various asset classes, they acquired a considerable experience in trading at Saxo Bank, one of the leading European online-trading banks. Overall, Covesting’s team brings over 100 years of combined experience from the world’s leading investment companies (JP Morgan, SEB Bank, Argo traders etc).

2. Security

Covesting has set a goal to become the leader in terms of security and safety of its clients assets. Our security procedures include:

• Strict KYC verification procedures — we will not tolerate money laundering and scam on our platform
• Stringent security standards in terms of IT controls, such as 2-factor authentication, cold storage and others. We are cooperating with independent security audit companies and white hackers to eliminate any possibility of scam
• A 24/7 multilingual support team. Our support team is ready to answer all your questions regarding the platform and help you with all the issues, which occur when you trade

3. Regulations

Covesting is a platform fully compliant with strict European regulatory standards. We are about to obtain Gibraltar’s DLT licence, which means we match rigorous standards in terms of risk management, client asset protection, and IT controls.

We are very demanding in terms of standards, our goal is to take cryptocurrency trading to a new level and improve the reputation of the industry. With these goals in mind, we joined the Enterprise Ethereum Alliance (EEA), the world’s largest open source blockchain initiative. As a member of the EEA, Covesting collaborates with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. Apart from that, Covesting is a proud member of Crypto Valley Association.

4. Fiat gateway

Covesting is a seamless fiat gateway that allows converting crypto into fiat and vice versa smoothly and quickly.

A large issue regarding crypto is that it is not always possible to easily convert it into fiat money. But this is not the case with Covesting. We have partnered with reputable banks in various countries to make this process as simple as possible.

Also, it is no harder to start trading with Covesting: our clients will be able to make deposits using credit cards, bank wires and crypto.

5. Sophisticated trading platform with advanced trading features

Our trading platform features an entire infrastructure, which includes an exchange and a liquidity aggregator. Thanks to the persistence and determination of our technology team, we have never missed any deadlines and keep improving the platform and adding new features.

The Covesting trading platform will offer various trading features and order types that will meet tastes of even the most sophisticated trader.

6. Liquidity aggregation

Thanks to the liquidity aggregation, our users will have access to the wide range of digital assets and super-high liquidity of the order books. Unlike any other cryptocurrency exchange Covesting will offer a deep order book from the very first day and become a premier hub for cryptocurrency trading.

Covesting’s liquidity aggregation means:

• Pricing from major exchanges
• Optimal exchange rates
• Instant execution
• Access to widest range of digital assets

7. Solution for neophyte investors and experienced professionals

Covesting offers an excellent solution both for novice traders and seasoned investors.

Novice traders can follow strategies of their experienced colleagues through the copy-trading function, build up excellent trading skills, and gain as much profit as top professionals from the very beginning of their trading career.

Experienced investors can benefit from the excellent infrastructure of the project and earn additional income by letting others follow their strategies.

This is definitely a win-win approach. Copy-trading function will become available after the initial launch of the trading/exchange facilities.

8. Reporting

Clear and comprehensive reports are rarely offered by crypto exchanges, but this is an important tool, first, for tracking your performance, and, second, to provide data to officials and institutions, if required. All users will be able to monitor and evaluate their trading performance without using third party apps.

Covesting allows you to download a detailed report about your activities and performance on the platform, you can choose the time period to tailor the report to your needs. Such tool is a really important feature for professional traders.

9. Algorithmic trading

We are developing algorithmic trading tools to make trading on our platforms as profitable as possible.

Thanks to the use of complex mathematical models and fast IT programmes, our customers will be able to benefit from high-speed decisions and transactions. Such trading strategies will be offered right after the initial platform setup has been completed.

10. Entire range of benefits for COV

The Covesting Token is an ERC20 utility token built on the Ethereum blockchain, designed to be used by members within the Covesting platform.

COV token can be used in the following ways:

• Copy-trading utility. The Covesting Token (COV) is the only way investors can follow the professional cryptocurrency traders on the platform
• Discount on exchange fees. Get a 50% discount on trading/exchange fees by paying with (COV) Tokens
• Unique features. COV holders will be able to use such features as algorithmic trading and arbitrage bots

In addition, at least 50% of all platform earnings will be allocated to a systematic token Buyback and Burn programmes. “Burning” means that purchased tokens will be locked in the smart contract indefinitely and taken off the market, as a result of which the total supply of COV Tokens will decrease. This form of repayment program sets the best practices for the COV token economy, and simultaneously serves in the best interests of Covesting token holders.

Covesting is on a clear path to become one of the leading cryptocurrency trading platform on the market by offering a secure and reliable infrastructure in a regulated environment with 24/7 support.

Please follow our official accounts for the latest developments and exciting news!

Thank you for choosing Covesting, and please feel free to contact us any time with any questions you may have.

Yours,
Covesting team