Covesting profile
Covesting Profile (COV)
Score: 4.23 | Below Average
Adventurous Nano Cap
Project Safety Score

Sat, Jan 22, 2022 10:05 AM

Score 4.23
Rating Below Average
Market Cap $8715724.6762719
24hr Volume $330018.48461555
Price $0.51522961087215
Review

Covesting

token

Ethereum

Covesting is a Blockchain based peer-to-peer asset management platform. Investors can easily browse through dozens of trading strategies, provided by professional crypto currency traders and subscribe to the ones matching their goals. Thanks to technology-based solutions and smart-contracts, Covesting platform allows its users to replicate trading activity of a chosen Model directly into their segregated account at Covesting.

Read more in the whitepaper:
https://covesting.io/static/Covesting_White_Paper.pdf

Covesting Smart contracts and audits.

Below are the available smart contract addresses and any associated contract audits.

ETH: 0xada86b1b313d1d5267e3fc0bb303f0a2b66d0ea7

Covesting Project Statement

Project statements are provided by senior members of the project team and serve to tell the reader why the project has honorable intentions and why is definitely not a scam.

Please get in touch to submit a project statement for this project. Emails must be sent from official domain email addresses and will be verified before being accepted.

Full Report

Covesting Safety Report

Covesting has a safety score of 4.23

Covesting is a nano cap token.

Covesting is suited to a adventurous investment style.


Covesting Profile

This profile has enough data to perform a thorough analysis. But any missing data will have a negative impact on the overall rating.

Missing Data:
  • tradingview profile

Covesting Red Flags

There are currently no Covesting red flags.


Covesting Development Score

The Covesting project has 2 active source code repositories.

The most recent commit was Wed, Oct 11, 2017 4:35 PM

  • 8 Watchers
  • 15 Stars
  • 3 Mentionable Users
  • 0 Vulnerabilities
  • No commits in the last 28 days
Highlights:
  • daily repo updates
  • no stars
  • no watchers
  • no mentionable users
  • no repo stars

Covesting Sentiment Score

The sentiment score indicates how well the wider community regards the project. We analyse social media platforms such a Reddit, Twitter etc to access if the community is talking positively or negatively about a project. Or if they are even talking about the project at all!
The more articles that are available to analyse, the more confident we can be about the score. If there is not a lot of data available on the internet to use, this should be a redflag as it can indicate that no one is posting or writing about this project.

Highlights:
  • The overall sentiment is very positive
  • Below average number articles to calculate the sentiment

Covesting Community Score

The community score indicates how active community is. Are they writing lots of articles and engaging in lots of conversations on the web? Where is the crypto communities attention spent? There are so many hours in the day to spend writing, reading, researching a project. So how much of this time is spent on Covesting?

The larger a community is then the more eyes are on that project. Sharing information, red flags and concerns is more likely the bigger the community is. And larger communities are alot hard to censor and control - therefore they provide a diverse range of opinions.

Overall Covesting has an poor community rating, small communities can be easily manipulated and bullied (banned from telegram, deleted from discord etc) into towing the project line. If a project is new and doesnt have a big active community then in general as the project grows the community score will increase.

Highlights:
  • extremely high hashtag tweets
  • no reddit articles
  • poor gitHub account watchers

Covesting Awareness Score

The awareness score indicates how well Covesting is known in the main stream. Its all very well for a project to have a discord channel to have 1000 users chatting all day about how great the Covesting is but a good measure of longevity is how well the project is known by the general public.

Overall Covesting this project is not known by the general community. If a project is new and has not had a lot of marketing or exposure then in general as the project grows the awareness score will increase.

Highlights:
  • very poor search result total
  • very poor number of news articles mentioning Covesting
  • very poor number of headlines about Covesting
  • very poor number of Covesting YouTube videos

Covesting Credibility Score

The credibility score indicates how credibility a project is. Does it have a ridiculous name? Is it run by a 13yr old in their basement? Is it just 2 days old and too early to tell?

Highlights:
  • Good project age (released Jan 23, 2018)

Covesting Volume Score

The volume score is the simplest of all our metrics and quite often the bottom line metric. It doesnt matter how well a project scores on the other factors, if it is only shifting a few thousand dollars a day in volume then there is a high chance you will left holding a bag

Highlights:
  • poor USD 24hr volume

Red flags come in all shapes and sizes

At the end of the day a cryptocurrency project requires you to part with your hard earned cash in order for it to become succesful.

You expect a level of transparency and professionalism from a project that is asking for your money.

There are all sorts of red flags which you should be weary of;

  • 404 (missing) websites
  • Expired SSL certs
  • Malware/Hijacked sites
  • Suspended Twitter accounts
  • Private Subreddits
  • SEC investiations

If you spot anything suspicious/resolved then please let us know.

Covesting Red flags
  • No red flags
    No red flags have been identified. That doesnt mean its a 100% safe project, it just means that no red flags have been brought to our attention.

Covesting Exchanges
Covesting Explorers
COV
Member Ratings (COV)

3.5/5

8 reviews
Ratings and reviews left by our members do not impact the profile score.
RvdB
Wed, Dec 16, 2020 1:43 PM
Covesting managed to deliver a product that is consistent, profitable for both traders and followers and lastly can be integrated in other third party exchanges. The team is transparant and is open to community feedback. Although the COV token is not seen for its true value, I have 100% certainty that this will change in the long term.
4 1
TrackTheStats
Mon, Dec 14, 2020 7:10 PM
This project is still a hidden gem for many, as there really have not been very much marketing. Covesting's original plan was to make their own exchange and deliver copy trading features for it's clients there, but unfortunally the bear market of 2018-2019 was rough, and there simply wasn't enough momentum in the crypto space get enough clients into their exchange and make it profitable. Covesting shifted strategy and evolved into offering a B2B solution for other exchanges, which led to their first partnership with PrimeXBT Covesting module on PrimeXBT entered into beta in may of 2020. In mid August 2020 the Covesting module was finally launched officially on PrimeXBT and since then it has shown to be a gamechanging feature for both fund managers (traders) and their followers, as both parties will profit. As a follower you're able to follow and unfollow a fund strategy with a few clicks. Following strategies is risky, as trading at PrimeXBT is done with leverage. I will recommend anyone following a fund to use the follower SL which you have to manually set after a follow has begun. If any of your followings is profitable, you will have to pay a succes fee to the platform and the fund manager. If your following is unprofitable, there is no fee to pay. With the COV token it's possible to decrease the succes fee. As a fund manager you're able to earn additional 20% in succes fee on top of your own trading. For skilled traders, this is a very attractive way of earning an extra passive income. For new fund strategies there is a set limit of 5 BTC of total initial following equity, this limit is laddered and can be raised at any time, these guidelines is futher explained on Covestings blog on PrimeXBT website. A fund manager can decrease the trading fee with a fixed amount of COV tokens, this is at a flat rate per month, and the discount is ranging from 25%-75% off. Im confident that the team behind Covesting will keep updating and refining the platform, as it matures. Anyone calling Covesting and PrimeXBT a scam clearly has not even tried it out, and given it a chance. I have withdrawn BTC out of the platform 5 times, everytime there has been no problems what so ever. As a security measurement, the withdraw of funds from the platform is only executed once per day.
7 0
Mirc
Mon, Dec 14, 2020 10:16 AM
Covesting is one of the rare ico projects that survived the crypto winter of 2018. The development of their Copy trading module on Primexbt is finished and so is the Cov token utility. After utility implementation the team has burned almost 1% of the total supply. The Community is strong and the B2B copytrading module on PrimeXBT is a great success with hundreds of strategys and millions in followers equity. The only problem is for now is liquidity of the coin wich will hopefully be fixed with new exchange listings and also PrimeXBT announced that they will list the token on their exchange as a spot pair Gitgub does don't represent the development of the project since the code is private property of Covesting. Overall I don't think this score gives the project justice and hopefully it will improve over time
4 0
Pastor
Thu, May 2, 2019 7:35 AM
Covesting the standard. I bought 20000 at 20 satoshi. Now worth millions.
5 1
Hamza
Thu, May 2, 2019 6:22 AM
Covesting announced that it's licensing it's Copy Trading Technology to Primexbt leverage exchange. The reality is that Covesting don't have a Copy Trading Technology in the first place. They have a beta/soft launch incomplete basic exchange with aggregate access to Bitfinex platform. Which means 99.9% of the trades you see in covesting platform are the ones happening in Bitfinex not covesting. No copy trading. It was a the initial ICO objective which never happened. How can you license a technology that you don't have? Big red flag. The other Big red flag is that they partnered with Primexbt which has secretive team that nobody knows. However the cov team made some sloppy mistakes months before this announcement by accidentally displaying a Primexbt announcement that has nothing to do with cov. Then slowly some of the key staff working for Cov admitted they were working for Primexbt after their hands were forced by the community. So yes it's 100% a scam. And the project is basically abandoned. There are many other red flags. but this is enough for the smart ones.
2 9
Eric Castagnola
Fri, Mar 29, 2019 3:57 AM
dead coin, no funds
2 10
Eric Castagnola
Fri, Mar 29, 2019 3:57 AM
Dead coin
2 11
Amadeo Brands
Mon, Jul 16, 2018 9:42 PM
Great project :)
9 1

93.75%

Complete
Profile Status

How complete is this profile:

1 missing data point

This profile is still waiting for the following data points

  • tradingview profile
Member Signals

3.5/5

(8 reviews)
Member Ratings
Market Cap Rank:
1066
Voted:
--
Bulls v Bears:
neutral
Is Trending?
Member signals do not affect the profile score.
Covesting Reddit
Covesting Github
Covesting News
  • PrimeXBT: Take Advantage of ZERO Fees for Crypto Purchases

    Fri, Jan 21, 2022 8:04 PM

    ...

    read more...
  • Tether has frozen USDT worth $150 million

    Fri, Jan 14, 2022 7:19 PM

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    read more...
  • PrimeXBT, une année 2021 décisive pour l’exchange crypto

    Thu, Jan 6, 2022 5:49 PM

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    read more...
  • Covesting Highlights Increased Utility of COV token in 2022 ...

    Sat, Jan 1, 2022 5:49 PM

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    read more...
  • Points saillants de Covesting Utilité accrue du jeton COV dans ...

    Sat, Jan 1, 2022 5:49 PM

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    read more...