Moscow, Russia October 20th, 2017

Covesting Pre-ICO with 300% bonus is now live for early investors!

Covesting, a start-up based in Moscow, Russia with core team members residing across the world has developed a platform designed to bring copy-trading and professional asset management to the cryptocurrency world. Professional and amateur cryptocurrency traders can start a “Model” where they allow regular investors to “subscribe”. By subscribing, investors automatically copy all the trades that the professional trader makes. The Covesting platform was designed to track the performance of traders, allow investors to review the traders they subscribe to, and offer transparency and security to many investors who are not comfortable trading cryptocurrency on their own.

The Pre-ICO, which is now live, is limited to only 5,000 ETH and is on a first-come first-served basis. The exchange rate of their platform token COV for the presale is 300 COV for 1 ETH. The Pre-ICO will run until November 19th, or until the cap is reached. The Pre-ICO is being used to raise funds and increase the size of the development team ahead of the public ICO on November 24th.

The Covesting token (COV) is the only way investors can “subscribe” to a “Model” hosted by a professional trader. Investors pledge a certain amount of COV towards a particular Model that they are interested in, and the platform will automatically convert their COV tokens to the exact distribution of coins and tokens the professional trader has in their wallet. Anytime that trader makes a trade, the investors wallet also makes that trade. The platform automates everything for the investor, and creates a need for the COV token. The COV token is built to increase in value as the platform expands, as the demand for the token will grow. The platform will take a 2% fee on deposits, as well as a 10% fee on all profit that investors make. The COV fees collected will be “burned”, which increases the scarcity of the COV token over time, and will raise its value compared to fiat currency.

The Covesting team has also announced today that the MVP version of the platform will be released on schedule, for the public ICO.

Covesting CEO Dmitrij Pruglo: “We’re happy to announce that along with the opening of our Pre-ICO, the MVP platform will be completed ahead of the public ICO in November, and we believe this will increase the excitement around the project. We want investors to see a working demo of the product so our vision can clearly be demonstrated to them”.