Covesting Profile (COV)
Project Safety Score
Wed, Jan 10, 2024 2:00 PM
| Market Cap | $2,442,140.99 | |
| Market Dominance | 0.0002 | |
| 24hr Volume | $14,853.76 | |
| Price | $0.1458 |
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:Website
- Cryptocurrency
- Asset Management
- Ethereum Ecosystem
- Investment Platform
- Ethereum
- Ethereum
- no features
Trading View Chart
Covesting Exchanges
Covesting Explorers
Community Ratings Covesting COV
/5
( reviews)
Ratings and reviews left by our members do not impact the profile score.
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.
1
0
TR
TrackTheStats 3 years ago
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.
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MI
Mirc 3 years ago
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
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AM
Amadeo Brands 5 years ago
Great project :)
1
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ER
Eric Castagnola 5 years ago
Dead coin
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1
ER
Eric Castagnola 5 years ago
dead coin, no funds
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1
HA
Hamza 4 years ago
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.
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PA
Pastor 4 years ago
Covesting the standard. I bought 20000 at 20 satoshi. Now worth millions.
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0
Showing records 1 - 8 of 8 ratings
94%
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
/5
( reviews)Market Cap Rank:
Voted:
moon
Bulls v Bears:
Neutral
Is Trending?
Yes
Member signals do not affect the profile score.
Covesting Reddit
Covesting Github
Covesting Twitter
Covesting News
-
Jaké jsou vyhlídky na cenu ropy?
Fri, Oct 21, 2022 4:18 AM...
read more... -
Revisión de Prime XBT (2021) - ¿Debería usarlo? |
Tue, Oct 18, 2022 4:18 AM...
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Buy Crypto With A Bank Card In A Couple Of Clicks
Tue, Oct 18, 2022 4:18 AM...
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Everything You Need To Start Trading On PrimeXBT ...
Sat, Oct 15, 2022 4:25 AM...
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September Top Strategies: Covesting Copy Trading Module ...
Fri, Oct 14, 2022 4:25 AM...
read more...
RvdB 3 years ago