Frequently Asked Questions About ICO Covesting

What is Covesting?

Covesting is a copy-trading platform built for investors and crypto currency traders. Covesting allows its users to search and compare the trading performance of hundreds of proven digital asset managers and copy their trades automatically.

While asset managers benefit from additional income generated by profitable trading — Investors enjoy peace of mind knowing that their funds are managed by industry professionals. We automate digital asset management processes, bypass trust and security issues while making investments transparent, simple and secure as they supposed to be.

Who could use Covesting?

Covesting is a user friendly platform, which can be used by anyone willing to take advantage of rapidly growing crypto currency market. It is particularly suitable for:

· Unexperienced investor who wants to get exposure in crypto currencies but doesn’t have enough time or necessary knowledge for proper research and practice.

· A professional crypto currency trader or a fund manager who would like to generate extra income by allowing Covesting members to follow his trading activity.

· A successful “street” trader who wants to build reputation and career of an asset manager but doesn’t have enough resources to start his own fund.

· Any other person, willing to become more knowledgeable about crypto currency trading and stay on top of market developments.

What is the mission of Covesting?

To help investors from around the world enjoy professional asset management services, by bringing copy-trading platform to the digital currency markets.

Covesting for Investors

Users can easily browse through dozens of trading strategies, provided by

professional digital asset managers and subscribe to the ones matching their goals.

Platform allows to get an overview of each strategy, access real-time and historical trading performance, read reviews and even ask questions.

Each member can diversify investments by following up to 20 different trading Models with individual risk management for each distribution. Such diversification allows investors to be uniquely positioned to record gains across multiple crypto trading strategies.

Its like having thousands of crypto currency trading professionals working for you!

Covesting for traders

Instead of spending time on looking for clients, asset managers and crypto traders instantly get access to the combined capital of all Covesting community.

Each trader can easily setup a trading Model and earn additional income by allowing others to copy their trades.

The more successful trader is, the more Followers he or she will be able to get and more money to make from profitable trading.

Covesting in four simple steps

• Join. Register at Covesting by filling a simple form and use BTC or ETH to fund it.

• Find top traders. Compare the performance of hundreds of successful Model managers and find the one matching your goals.

• Copy trades. Once you found the strategy that you want to follow, simply click “Subscribe”. You will be asked to specify the percentage of the funds you want to allocate for following. The amounts for the replicated trades will be calculated proportionally.

• Monitor and control. You can now sit back and watch how professional traders do the job for you. All trades from now on will be replicated to your account automatically. Most importantly — you are in control. You can manage your portfolio by subscribing to the new strategies or stop copying a trader at any time.

What is crypto currency?

A crypto currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.

Crypto currencies trade on various exchanges and provide great opportunities for short term speculation as well as long term growth.

What is Copy-trading?

Copy trading enables investors to automatically copy positions opened and managed by a selected crypto currency trader.

Investors can select strategies that match their personal trading preferences, such as risk tolerance and past trading performance. Once a strategy been selected, all the signals sent by the strategy will be automatically applied to the user’s account at Covesting. No intervention is required by the user as all the account activity is controlled by the platform.

Copy-trading is widely used in traditional markets, and has extremely positive reputation among its users. It creates perfect synergy and mutually-beneficial environment for both investors and traders.

What is ICO and Pre-ICO

ICO is a mechanism for raising funds, under the terms of which future crypto currency is sold to investors (backers). You pay with Ethereum in ICO, and in return receive tokens of the new project. This is an alternative method of crowdfunding. During ICOs the investors buy coins of the company, which can appreciate in value if the business is successful.

PreICO is conducted prior to ICO, offering investors unique chance to purchase tokens at substantial discount and start supporting project at early stages

When PreICO will start?

PreICO campaign will start on October 20th 2017 and will last for 30 days unless 5000ETH limit is reached earlier.

When ICO will start?

ICO campaign will start on November 24th 2017 and will last for 30 days unless hard cap is reached earlier.

How to participate in ICO or PreICO?

Both PreICO and ICO will be held on http://covesting.io website. You just need to click Join Token sale and follow the instructions.

How many COV will be sold during pre-ICO and ICO?

A total of 20.000.000 Covesting tokens will be generated, including 1.500.000 to conduct preICO, and 15.000.000 to conduct ICO. Another 2.500.000 will be shared between the founders of Covesting platform and locked in a smart contract for 3 months, while the rest will be generated for advisory, bounty and PR pools.

How much COV will I get for 1 ETH during pre-ICO?

During pre-ICO 1ETH = 300 COV

Can everyone purchase tokens at PreICO price?

There is a limit of 1.500.000 COV (5000 ETH) tokens available for PreICO stage. All contributors will be served on first-come first-served basis, therefore we can’t guarantee availability for all interested participants.

How much COV will I get for 1 ETH during ICO?

Below is table representing each COV price increase depending on total number of ETH committed during ICO. The more ETH is contributed — the less COV tokens per ETH contributors will get. It means that early contributors will benefit from a better price.

WEBSITE WHITEPAPER AAN thread

Author
Maiyah
Maiyah profil