Covesting’s ICO is opening to the public on November 24^th, following up a very impressive Pre-ICO where they raised over $1.1 million dollars. Covesting is a copy-trading platform for cryptocurrency where regular investors and cryptocurrency trading pros can meet.

Covesting’s platform allows the investors to copy the trades of some of the most successful traders in the world, and profit together.

The platform was built by a group of ex bankers from such global banks as Saxo Bank, SEB Bank, JP Morgan-Chase, and Zurich Insurance. It’s founders, Tim Voronin and Dmitrij Pruglo are very experienced FX and derivatives traders trying to bring the same technology that boomed in traditional financial markets to the crypto world.

Covesting has recently been featured in news around the world and has gained a lot of attention in the crypto industry for its recent developments. Covesting has gone from a community of under a hundred, to a community of over 10,000 fans on Facebook and Twitter, and over 2,200 members in their Telegram channel. They have made waves across the industry by becoming one of the first cryptocurrency projects to incorporate in Gibraltar following the territory’s government announcing very favorable laws to ICOs.

The move is incredibly important for distributed ledger based technology companies because Gibraltar is one of the few places that has officially enacted regulation around what is permitted. Gibraltar’s Financial Services Commission ratified laws pertaining to all distributed ledger based companies to go into effect Jan 1^st, 2018

Covesting CEO Dmitrij Pruglo commented:

Dmitrij Pruglo

“As a fin-tech company, there’s no bigger question in the industry today than how individual countries will end up regulating cryptocurrency. The move Gibraltar makes sense for Covesting as well as all our investors and users. We are removing a lot of uncertainty from the equation.”

Crypto intelligence

Covesting also recently announced they would be building a Crypto Intelligence Portal, a massive online knowledge base for everything crypto. The knowledge base is slated to contain video tutorials and lessons on cryptocurrency and trading, market news, a community forum, market analysis from traders and news feeds from carefully chosen sources.

ICO

In order to develop the platform within shortest period of time, Covesting team has decided to go for Initial Coin Offering (ICO). The Covesting ICO has already gone through a third-party audit, by Verified ICOs where Covesting was a featured ICO. All contributors will largely benefit from the early discovery of Covesting project, which provides a fantastic opportunity to purchase Covesting Tokens at a significant discount and benefit from the platform growth.

The ICO will start at 13:00GMT, and run for one month, ending on December 24^th. The ICO is expected to attract more investors than the Pre-ICO following the recent launch of their MVP. Their MVP is designed to give investors and traders an early glimpse of the Covesting experience. Their community has responded very positively following the initial release of their MVP which was delivered as promised, in between the pre and public ICOs. A rate of 200 COV per 1 ETH will be the highest return for investors and is only available for the first 5,000 ETH contributed to the ICO. Investors are encouraged to invest early to receive the best rate.

Disclaimer: this is an article written by Covesting. Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Please note this is no investment advice.