Overview
Triple digit growth, amazing risk-reward ratios, and promising returns are only a few reasons why cryptocurrencies shouldn’t be overlooked by any smart investor. Unfortunately, the learning curve for investing in crypto assets is extremely steep and only experienced traders can fully benefit from arising opportunities offered by the rapidly growing market. 

The Covesting platform helps investors and professional digital asset managers find each other.

Thanks to cutting-edge technology, Covesting allows its users to replicate trading activity of a chosen strategy directly into their segregated account at Covesting.

While asset managers benefit from success fees generated by profitable trading – Investors enjoy peace of mind knowing that their funds are managed by industry professionals
"It's like having thousands of traders all working for you!"
Yoni Assia
Mission
To help investors from around the world enjoy professional asset management services, by bringing a copy-trading platform to the digital currency markets
How it Works

Users can easily browse through dozens of trading strategies, provided by professional digital asset managers and subscribe to the ones matching their goals.

Our platform allows investors to get an overview of each strategy, access real-time and historical trading performance, read reviews and even ask questions.

Each investor can diversify investments by subscribing up to 20 different trading Models with individual risk management for each allocation.

Consolidated, real-time reporting enables investors to get a full picture of all investments at any time.
Instead of spending time acquiring clients; asset managers and crypto traders instantly get access to the combined capital of the entire Covesting community.
Each trader can easily setup a trading Model and earn additional income by allowing others to copy their trades.
The more successful a trader is, the more subscribers they will acquire, increasing the potential of how much they can earn from profitable trading.
Model Managers (traders) have access to a variety of reports about every aspect of their trading, revenue and subscribers - all in real-time.
The Covesting Platform creates a synergized marketplace that brings investors, individual cryptocurrency traders and professional fund managers together. All parties benefit from the Covesting platform: Model Managers (traders) get access to new audiences and sources of additional income. Investors have access to a broad range of investment strategies to choose from and the ability to analyze historical performance in order to make the right investment decisions.
INVESTOR
Trade like a PRO
You do not have to be a professional trader to make money. Just follow the best!
INVESTOR
Monitor and control
Stay in control of your portfolio, analyze performance, and stop subscribing to Models at any time.
INVESTOR
Keep it safe
There is no need to transfer funds to Model Managers, all copy-trades are executed in your personal account at Covesting.
TRADER
Trade in comfort
Set up a trading Model and keep trading exactly as you do today, by connecting it to your existing account at an external crypto exchange.
TRADER
Build a track record
Prove your performance, rise in rankings, and acquire subscribers from all over the world.
TRADER
Boost your profits
Earn 18% success fees from all profits generated by investors subscribing to your Model.
COV Token
The Covesting token is an ERC20 token and smart contract system built on the Ethereum blockchain, designed to be used by members within the Covesting platform. Following this standard, Covesting tokens are easily transferable between users and platforms using ERC20-compatible wallets and can be smoothly integrated into exchanges.
A total of 20.000.000 Covesting tokens will be generated, including 1.500.000 to conduct a Pre-ICO, and 15.000.000 to conduct an ICO. Another 2.500.000 will be shared between the founders of the Covesting platform and locked in a smart contract for 3 months, while the rest will be generated for advisory, bounty and PR pools. Unsold COV that was created for sale during the pre-ICO and ICO will be burned. Covesting tokens are not mined by users or any other companies.
Pre-ICO
1 500 000
ICO
15 000 000
Founders
2 500 000
Pr, bounty, advisors
1 000 000
Growth
Members buy COV tokens in order to subscribe to one or several trading Models, provided by the Model Managers on the platform. The demand for COV tokens correlates with the copy-trading volume on the Covesting platform. We estimate that by 2020 there will be over 5,000 active users and $50M USD+ of capital invested through copy-trading Models. Such growth will automatically create strong demand for COV tokens and position it for multiple digit price growth.
Estimated number of active members
Platform commissions
Besides natural demand for COV, there are two types of commissions in the Covesting platform used to back COV value and reward COV token holders:
2% Entry commission - charged every time an investor deposits funds to their account on the Covesting platform, in order to start subscribing to trading Models.
- 10% platform commission
on all profits realized by copy-trading.
As the platform develops over time and the number of members and transactions grow - more commissions will accrue in the Covesting Asset contract, which will push the COV token price higher.
Pre-ICO will occur on
20th October - 19th November 2017

1 ETH = 300 COV
limited to 1.500.000 COV

Pre-ICO
Covesting will offer the opportunity to purchase tokens prior to the Public ICO
Only 1.500.000 COV will be distributed at a special price for the limited number of contributors who manage to discover us early.
We are sufficiently funded for continuous development, however a successful Pre-ICO would allow us to expand the team of engineers and boost development speed of the limited-functionality version of the platform. By disclosing our amazing platform early, we are confident in an extremely positive outcome of ICO, which will be mostly beneficial for early contributors.
ICO
ICO will be held on the Covesting.io website starting from November 24th.
Token sale will last for 30 days.

Covesting aims to accept up to 100,000 ETH from our initial token contributors.
The COV smart contract will stop accepting commitments when 100,000 hard cap has been reached.
COV price increase depending on amount
of ETH committed
CUMULATIVE NUMBER
OF ETH COMMITTED:
COV PER ETH RATE
COV token value growth
Why purchase COV early?
All early contributors will benefit from almost guaranteed profits related to substantial discounts during both the Pre-ICO and ICO. As soon as the Covesting platform is launched – COV tokens will be available for purchase at much higher price. 1ETH = 100 COV.

If you take part in the Pre-ICO now, you may easily increase your capital at least three times, with a very probable increase to 30 times as soon as COV starts trading on the exchange and first copy-trades start generating commissions in the Asset Contract.
Roadmap
line_roadmap
2017 Q1
Concept Design.
Research.
Team formation.
2017 SEPT
White paper disclosed.
Development of prototype
2017 OCT
Pre-ICO.
New team members
2017 NOV
Prototype version of
platform released.
ICO
2017 DEC
First copy-traders.
Api testing
2018 JAN
Exchange listing
2018 Feb
Beta version launch
Leading
copy-trading
platform
Team
We’ve assembled a team with a solid financial markets background, which is motivated to make the world of digital currency investments better.
Dmitrij Pruglo
Founder, CEO
12+ years in equity, derivatives and FX trading. In-depth knowledge of financial markets, brokerage industry and multi-asset trading platforms.

Investment manager and Banking professional. SEB Bank, Saxo Bank, CEO at Wisdom Bay Holding (private equity)
Timofej Voronin
Co-founder, COO
12+ years of online trading expertise in variety of asset classes. Experienced sales trader and executive with strong background in finance.

Swedbank, Saxo Bank, Orion Securities, Argo Traders
Sergey Sevantsyan
CIO, CTO
20+ years in IT industry, co-founder of IBW, Consultant for crypto funds, Project manager at several ICO’s, Blockchain evangelist ex. Senior IT @ Nokia
Andrey Zaveriukha
Business Development
Online-investment industry 10+ years. B2b partnerships, strategic business development, client acquisition at Saxo Bank, SpotOption, Hello group
Max Sayganov
Digital Marketing Strategist
15+ years of marketing experience with focus on Investment and trading businesses. Specialist in global marketing campaigns for Saxo Bank, Mediagroup London, Marketing Lion
Konstantin Zherebtsov
Information Security and Compliance
11+ years in software engineering and IT security. Former Chief Information Security at Zurich Insurance IS and Compliance at Swisscom
Aleksandr Strah
Smart contract developer
10+ years in software development and testing. Ivannikov Institute for System Programming, Developer at: MASIW, Linux DDV Project.
Ivan Sologub
Marketing and PR
12+ years in Marketing, owner of Web-design studio. SEO, SMM specialist. Focusing on ICO marketing campaigns and community management
FAQ
Covesting is a copy-trading platform built for investors and crypto currency traders. Covesting allows its users to search and compare the trading performance of hundreds of proven digital asset managers and copy their trades automatically. While asset managers benefit from additional income generated by profitable trading – Investors enjoy peace of mind knowing that their funds are managed by industry professionals. We automate digital asset management processes, bypass trust and security issues while making investments transparent, simple and secure as they supposed to be. With Covesting, anyone can become a successful crypto currency trader - Just follow the best!
A crypto currency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Crypto currencies trade on various exchanges and provide great opportunities for short term speculation as well as long term growth.
Copy trading enables investors to automatically copy positions opened and managed by a selected crypto currency trader. Investors can select strategies that match their personal trading preferences, such as risk tolerance and past trading performance. Once a strategy been selected, all the signals sent by the strategy will be automatically applied to the user's account at Covesting. No intervention is required by the user as all the account activity is controlled by the platform. Copy-trading is widely used in traditional markets, and has extremely positive reputation among its users. It creates perfect synergy and mutually-beneficial environment for both investors and traders.
Both Pre-ICO and ICO will be held on http://covesting.io website. You just need to click Join Token sale and follow the instructions.
ICO is a mechanism for raising funds, under the terms of which future crypto currency is sold to investors (backers). You pay with Ethereum in ICO, and in return receive tokens of the new project. This is an alternative method of crowdfunding. During ICOs the investors buy coins of the company, which can appreciate in value if the business is successful. Pre-ICO is conducted prior to ICO, offering investors unique chance to purchase tokens at substantial discount and start supporting project at early stages.
Pre-ICO campaign will start on October 20 th 2017 and will last for 30 days unless 5000ETH limit is reached earlier.
ICO campaign will start on November 24 th 2017 and will last for 30 days unless hard cap is reached earlier.
Covesting is a user friendly platform, which can be used by anyone willing to take advantage of rapidly growing crypto currency market. It is particularly suitable for:
  • Unexperienced investor who wants to get exposure in crypto currencies but doesn’t have enough time or necessary knowledge for proper research and practice.
  • A professional crypto currency trader or a fund manager who would like to generate extra income by allowing Covesting members to follow his trading activity.
  • A successful “street” trader who wants to build reputation and career of an asset manager but doesn’t have enough resources to start his own fund.
  • Any other person, willing to become more knowledgeable about crypto currency trading and stay on top of market developments.
To help investors from around the world enjoy professional asset management services, by bringing copy-trading platform to the digital currency markets.
Users can easily browse through dozens of trading strategies, provided by professional digital asset managers and subscribe to the ones matching their goals. Platform allows to get an overview of each strategy, access real-time and historical trading performance, read reviews and even ask questions.

Each member can diversify investments by following up to 20 different trading Models with individual risk management for each distribution. Such diversification allows investors to be uniquely positioned to record gains across multiple crypto trading strategies. Its like having thousands of crypto currency trading professionals working for you!
Instead of spending time on looking for clients, asset managers and crypto traders instantly get access to the combined capital of all Covesting community.

Each trader can easily setup a trading Model and earn additional income by allowing others to copy their trades. The more successful trader is, the more Followers he or she will be able to get and more money to make from profitable trading.
In case trading Model resulted in profits for investor-follower, income distribution will look like this:
Success fee - 18% of all profits transferred to Model manager’s wallet.
Platform commission - 10% of all profits and will be automatically credited to COV Asset Contract.
Remaining - 72% shall be credited to the Investors account along with initial Investment.
We are already in prototype development mode, and in November we will release a limited-functionality platform where anyone can register and get familiar with interface and features. We are in active communication with crypto currency funds and private traders in order to form an initial pool of professional model managers.
  • Join. Register at Covesting by filling a simple form and use BTC or ETH to fund it.
  • Find top traders. Compare the performance of hundreds of successful Model managers and find the one matching your goals.
  • Copy trades. Once you found the strategy that you want to follow, simply click “Subscribe”. You will be asked to specify the percentage of the funds you want to allocate for following. The amounts for the replicated trades will be calculated proportionally.
  • Monitor and control. You can now sit back and watch how professional traders do the job for you. All trades from now on will be replicated to your account automatically. Most importantly - you are in control. You can manage your portfolio by subscribing to the new strategies or stop copying a trader at any time.
A Model manager is a user (any trader) who created a trading Model in Covesting platform by linking his external trading account at any supported exchange, through API. From that moment, trading activity tracking starts and Model becomes available for following by all members of Covesting platform.
Api is a bridge between Covesting and external trading account at crypto currency exchange – such as Poloniex, Bittrex, Bitfinex etc. API allows to transmit all trading- related data from exchange account to a Model at Covesting. It allows to track performance and replicate trading activity to investors-followers accounts.
Investor is a user who is subscribing to a chosen Model in order to benefit from profitable trading of a Model manager. Each investor can follow up to 20 different trading strategies.
No. In order to provide security and peace of mind for investors – we offer segregated account for each user within Covesting Platform. All copy-trades will occur on these accounts. None of the funds go directly to Model managers to bypass trust and security issues.
We are sufficiently funded for continuous development, however successful pre-ICO would help us to enlarge the team of engineers and boost development speed of limited-functionality version of the platform. All proceeds from the token sale will fund the product launch, continued platform development, and user acquisition.
We are aiming to create the most advanced and transparent copy-trading platform on the crypto currency market. As the platform develops over time, more and more investors and professional asset managers will join our community. We estimate that by 2020 there will be over 5000 active users and $50+ mln of capital replicating trades from the industry professionals. Such growth will automatically create strong demand for COV tokens and position it for multiple digit price increase. Pre-ICO and ICO contributors have a great opportunity to purchase COV tokens at significant discount and take part in growing industry.
All early contributors will benefit from almost guaranteed profits related to substantial discounts during both - Pre-ICO and ICO. As soon as Covesting platform is launched – COV tokens will be available for purchase only at much higher price 1ETH = 100 COV. This means that if you take part in the Pre-ICO now, it may easily increase your capital at least three times, with a very probable increase to about 30 times as soon as COV starts trading on the exchange and first copy-trades start generating commissions in the Asset contract.
No, since the COV tokens are released on the Ethereum blockchain, you will need an Ethereum address to get and store COV tokens. You can use the following Ethereum wallets: Ethereum wallet, Mist, MyEtherWallet.com or other wallets in which you have access to your private keys.
A total of 20.000.000 Covesting tokens will be generated, including 1.500.000 to conduct Pre-ICO, and 15.000.000 to conduct ICO. Another 2.500.000 will be shared between the founders of Covesting platform and locked in a smart contract for 3 months, while the rest will be generated for advisory, bounty and PR pools.
There is a limit of 1.500.000 COV (5000 ETH) tokens available for Pre-ICO stage. All contributors will be served on first-come first-served basis, therefore we can’t guarantee availability for all interested participants.

Below is table representing each COV price increase depending on total number of ETH committed during ICO. The more ETH is contributed – the less COV tokens per ETH contributors will get. It means that early contributors will benefit from a better price.

CUMULATIVE NUMBER
OF ETH COMMITTED:
COV PER RATE
COV is an Ethereum-based ERC20 token sent through a smart contract automatically. All contributors ETH addresses will be recorded by the presale contract and later COV tokens will be distributed to these addresses based on the rate at which purchase was conducted.
Our goal is 2000 ETH, with a limit of 5000 ETH
During ICO Covesting aims to accept up to 100,000 ETH from our initial token contributors. The COV smart contract will stop accepting commitments when 100,000 hard cap has been reached.
Tokens not sold during the ICO will be burned.
Pre-ICO funds distribution:

65% - Product development team:
  • Additional backend developers
  • Front end developers, designers
  • 35% - Additional PR & Marketing expenses:
  • International marketing campaigns
  • Promotional partners in 4 regions - Asia, Europe & Russia, US, Latin America
  • Conferences and media partnerships
  • Aggressive Social media promotions
ICO funds distribution:

  • 40% Development team with approximately 15-20 engineers. Platform development, new features, data-testing for HFT operations, mobile app development etc. 19
  • 25% Marketing expenses, PR and Customer Acquisition, presentations and region specific roadshows. Digital currency trading exhibitions participations etc.
  • 15% Strategic partnerships. Substantial costs largely associated with b2b API integration from multiple partners-exchanges. Latency optimization.
  • 12% Operational spends, employees (excl. developers), office etc.
  • 5% Legal, compliance fees
  • 3% Owners and developer’s bonus
Dividends create a variety of problems in the digital asset space, one of the primary concerns is paying dividends to tokens held on an exchange. Instead of dividends, we aim to allocate at least 50% of all platform earnings to systematic Buy-back and Burn programs. Such repayment program sets best practices for the new economy, and simultaneously serves in the best interest of Covesting token holders.
Technically speaking, we will systematically buy COV tokens on exchanges and “Burn” them. “Burning” means that purchased tokens will be taken off the market, with the consequence that the total supply of COV tokens will decrease. This should effectively improve the value of COV over the long-term.
Unlike other tokens, COV has successfully passed Howey test. COV is a utility token and its purpose is to facilitate services (copy-trading) on the Covesting platform. COV is not backed by real assets (such as real estate) and doesn’t grant their holders any dividends. However, all contributors have to conduct their own due diligence before taking part in crowd sale.
Copy-trading platforms have shown great results in the field of stock and currency trading and we are confident that the vast brokerage and asset management experience of our dedicated team can bring value to our investors. Covesting is being created by traders for traders and at the same time by investors for investors. ICO is the perfect chance to raise capital for long-term project without extra costs, and bring benefit to traders, investors and our backers.
Covesting is actively working to list COV tokens at the leading crypto exchanges. COV will become traded on the crypto exchanges shortly after the ICO. More information will be provided.
Currently our core team operates full time from an office in Moscow. Our additional tem members and advisors are located in Cyprus, Copenhagen, London, U.S. and Asia. After the pre-ICO a network of representative offices will be opened in major financial hubs for effective user acquisitions.
We are in the process of setting up a Singapore based entity.
Our team consists of highly skilled sales and trading professionals with experience in user acquisitions and business development. Aggressive marketing campaigns, roadshows and media PR, as well as B2B partnership with crypto asset management funds will enable us to popularize the core idea of copy-trading for crypto currency market.