Covesting investment analysis

This cryptocurrency based asset belongs to a new exchange platform. While there are a huge number of exchanges popping up every day, this one has an interesting addition. If you are an accomplished trader, then you can actually use this platform to earn additional money for your efforts.

You could think of this as more of a social media approach that allows other investors to follow your portfolio and your trades so they can utilize them for themselves. Those who do will be rewarded with tokens, and this is likely to be a popular monetization method for those that have extensive follower lists on social media sites like Twitter or Steemit where cryptocurrency enthusiasts frequently congregate.

The circulating supply of this particular token is actually very low. Much lower than most other projects being released, and while many tokens of this type don't have strong use cases, this one actually does.

In order to follow the trades of more successful investors, it will be required for you to use COV, and that will likely drive up the demand. Investors can also benefit from reduced trading fees for using the platform's native currency and unlock advanced features like trading bots by using their Covesting investment.