The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is CoVEX, a one stop trading platform in which trade merchants offer the following services: cryptocurrency exchange, social trading, margin & loan trading, p2p loans, credit cards and payment gateways.
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CoVEX is a one stop trading platform for Cryptocurrency Exchange, Social Trading, Margin Trading & Lending, P2P Loan, Prepaid Card, Payment Gateway and ICO Underwriting services.
The CoVEX smart contract is based on the next-generation ERC223, where merchants can trade and exchange cryptocurrency, copy trading skills and compete with their respective trades within their investment group. In other words, we take social / copy trading, margin trading, and payment gateways to a transparent, highly secure and reliable way. The CoVEX sign-to be implemented on Ethereum Blockchain under the standard ERC223-will act as revenue generating cryptocurrency. This will allow the token holder to receive revenue in the form of transaction fees.
CoVEX tokens will be available to interested participants during ICO which is set to run from May 2018. During ICO, the total volume of 250,000,000-25,000,000 * 23% CoVEX coins will be released to interested coin holders.
Ultimately, our platform will make trading accessible to everyone and improve the overall user experience. Our platform will change the foundations of the crypto market such as start ups, petahana, merchants, consumers, and traders into viable ecosystems that increase the mass adoption of crypto currency.
Crypto Exchange Platform Cross-border: We will create opportunities for traders and investors to buy, sell, and exchange their favorite cryptocurrencies at current prices and set at low cost.
Social Trading Platform: Our platform will allow users to manage their funds and tokens to copy-trades from top traders and top traders can share their trading experience with new users helping new investors to learn more about the market. The platform is transparency and security will be enhanced, giving users full control over their trade funds and investments.
Cross-border Margin Trading: Our platform will allow merchants to borrow or lend tokens for margin trading.
Covex Payment Gateway: Our payment gateway will allow our users to transact easily between cryptos and fiat currencies in the future such as USD, GBP, and EUR. In the future, the wallet service will be equipped with a prepaid card or a credit card that will allow users to quickly access their funds.
P2P Loan Service: CoVEX will implement a platform enabling lenders to lend to borrowers based on selected credit decision packages. This will be determined by the ML algorithm that assesses recommended fraud, identity and other credit rating agencies.
The Covex Platform
The Covex R & D R & D team is developing a stable and secure platform. When CoVEX competes with its’ development, it will actually become a one-stop platform.
Inside the CoVEX platform, traders not only exchange cryptocurrencies but also share their ideas, copy trading skills and compete with other people’s trades within the CoVEX network. We believe the social aspect between merchants, and sharing information is priceless. CoVEX provides a hybrid trading platform for merchants with excellent trading tools, volatility warnings, market updates, up-to-date news and a dedicated customer support team.
Some Cryptocurrency Support
High Perfomance Machine
Unique facility for students to export
Daily bonus is divided between CoVEX Holders
Copy the trade
Providing online customer service 24/7
CoVEX Reward System
CoVEX believes every trader has their own trading story and always appreciates their investment. CoVEX users will be able to enjoy direct and indirect bonuses by trading, referring, discounting and awarding commissions.
CoVEX Labs Token & ICO Details
The CoVEX token’s worth is based on the sales, though the exchange rate is related to the Ethereum platform. There are three sales.
The first will be the Pre-ICO sale, which runs from May 12, 2018 to June 8, 2018. There will be 30,000,000 tokens available, and it takes 3000 CoVEX tokens to equal 1 ETH. Participants must purchase a minimum of .1 ETH (300 CoVEX), though they are restricted to no more than 100 ETH (300,000). There will be bonuses for each of the four weeks of the sale, though the best deal will be the 30% bonus during the first week.
The next sale is the first ICO, which will be from July 7, 2018 to August 3, 2018. There will be 81,250,000 tokens available, but only 2000 CoVEX tokens will equal 1 ETH. Participants have the same minimum and maximum restrictions. There will be bonuses for the first three weeks of the sale, with the best bonus being 20% during the first week.
The third sale is a second ICO, which takes place from September 1, 2018 to September 30, 2018. This sale involves the same number of tokens as the first ICO, but the transfer rate will be 1000 CoVEX tokens for every 1 ETH. The minimum and maximum limits remain the same, but there are no bonuses offered during this sale.
CoVEX Token is Privately Funded & Fees Distribution Cryptocurrency.
Pre ICO Start 12th May 2018 End 8th June 2018: 3000000 CoVex
1st ICO Start 7th July 2018 End 3rd August 2018: 81250000 CoVex
2nd ICO Start 1sth September 2018 End 30th September 2018: 81250000 CoVex
DISTRIBUTION OF TOKEN
USE OF PROCEEDS
2% Bounty and Overhead
8% Operational and Overhead
10% Legal and Financial Overhead
25% Branding and Marketing
55% Protocol and Software Developmen
CoVEX Labs Digital Crypto Trading Exchange Blockchain Roadmap
The Roadmap for CoVEX describes all of the upcoming changes that consumers can expect, giving them more confidence in their decision. So far, they have already reached the goals they had in 2017 and for the first quarter of 2018, like registering the domain and creating teams for both marketing and legal concerns.
2018, Q2: Alpha version will be published, while both the ICO and whitepaper are released
2018, Q3: Both first and second ICOs are opened, with a demonstration for each.
2018, Q4: CoVEX exchange is live.
2019, Q1: Both incubation and underwriting services are established
2019, Q2: Investors will be able to access the P2P Loan Service platform and the Margin Trading & Lending platform
2019, Q3: The payment gateway will be accessible
2019, Q4: Prepaid card services are established
Contacting The Creators Of CoVEX Labs
Even with the whitepaper, consumers can still have questions that they want to address before, during, and after their investment. There is an electronic form on the website, but they can also be reached through one of their many social media profiles.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
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