January has been a month of hard work behind the scenes for Covesting. Our ICO finishing right before the new year, allowed our team to focus on development and the creation of our platform. We would like to take the time to recap all of the important things that have taken place in the last month so you can see in full transparency what we have accomplished.

Covesting traveled to Macau

Covesting CEO Dmitrij and COO Tim traveled to Macau early in the month for the annual Finwise summit. Both Dmitrij and Tim were interviewed while at the conference, and made several important connections, one of which being OKEx, which led to our listing.

Watch our CEO, Dmitrij, talking about his experiences at the Finwise Summit and what’s in store for Covesting in 2018.

Tim, our COO, was also interviewed, you can view his full interview below.

Covesting hires head of support from Kaspersky Labs

Covesting recognizes the value of client support in today’s Cryptocurrency environment as the world is slowly becoming accustomed to the intricacies in trading and investing in crypto assets. A sizeable portion of Covesting’s initial funding will be focused to grow the support staff to accommodate the release of the platform and its continued growth. Covesting has hired the former head of support from Kaspersky Labs — Vitaly Sokolyansky, to lead the global support team for the Covesting platform.

Vitaly is a great addition to the existing team of top industry professionals and has enormous experience building up support infrastructure. He has experience with technology based solutions, as well as efficiently managing global teams of support to provide a unique experience for clients. We welcome Vitaly and wish him good luck in shaping the #1 support team in the cryptocurrency industry.

Exchanges

We have now been listed on two centralized exchanges, HitBTC and Yobit. We have seen some users experience withdrawal issues with Yobit, so we do not recommend using Yobit until their issues are resolved. We also have secured a listing on OKEx, one of the fastest growing exchanges in the world right now.

Please do your own due diligence on which exchange you feel the most comfortable doing business with as the Covesting team cannot be held responsible with issues occurring on exchanges. All exchanges have issues, especially with support.

There will be another major exchange listing in February, there will be no date confirmed until the Covesting token is formally listed due to Non-Disclosure agreement.

Platform development

Most of our work this month was behind the scenes, building and creating the platform that the entire Covesting Ecosystem is built around. Besides building the back-end of a trading terminal and a copy-trading platform, we have also nearly finished the beta of the Crypto Intelligence Portal. We will be inviting you all to visit the CIP soon so you can provide your feedback. We are excited for you to see the videos, articles, courses and trade ideas that will be accessible for free.

If you would like to participate in publishing your trade ideas, please register submit yours once we go live. This is a great way for us to get to know you and if you have applied to be a trader, it will help your evaluations.

Gibraltar

In today’s Cryptocurrency climate there are very few countries who have dedicated time and resources to pass legislation and build a legal structure in which to adhere to. Covesting is heavily focused on providing a secure, and compliant platform because we aim to become a leader in the Cryptocurrency industry and we realize how vital it is to establish ourselves in a location in which the industry has support from its government. We are working with one of the largest law firms in Gibraltar towards receiving DLT license from The Gibraltar Financial Services Commission. It’s hard to imagine that today, most of the cryptocurrency exchanges operate through the offshore structures and since their operations are not regulated — it means that clients assets are not protected and the whole relationship is based simply on trust. Covesting aims to operate in a safe and transparent manner, providing maximum security and protection to its valuable clients. A DLT Provider license ensures that a company has developed risk management strategies into a cohesive enterprise-wide risk management framework with appropriate polices and responsibilities in place to keep clients’ assets and information secure.

For more information about DLT regulatory framework and principles that Covesting will have to follow please visit: http://www.gfsc.gi/dlt

Look ahead to February

February will be another exciting month for Covesting. We plan to share screenshots of the platform development early in the month. A new listing should be live in the first half of the month as well. We will continue to pursue getting listed on large exchanges, while our focus is largely going to be on development of the platform and building our support team to a level where we believe it’s the best in the industry.

Yours,

Covesting Team