What is (COV) Token?
COV is a utility token designed to be used by members within the Covesting ecosystem. All Covesting B2B solutions are scalable and can be easily integrated into third-party platforms. COV tokens are used to receive multiple benefits and discounts, therefore demand for COV correlates with the combined activity on all supported platforms. This page gives an overview of all existing and upcoming utilities of the COV token.
Contract address0xada86b1b313d1d5267e3fc0bb303f0a2b66d0ea7
Total supply20 000 000 COV
Total burnedCOV
Remaining supplyCOV

COV Token Utilities

COV token offers a user-centric tokenomics model that provides unique incentive schemes for all the members of the Covesting ecosystem. When locking COV tokens — users are granted Advanced, Premium or Elite membership status to enjoy a wide range of benefits, rewards and discounts. Such mechanism further supports deflationary nature of COV token.


Lower Fees, Higher returns

By holding COV tokens, Copy-trading platform users reduce their trading fees, and improve their revenue share from all profitable trades.


Improved Yields

COV token holders earn higher (up to 2x more!) returns on USDt, ETH, USDc and other digital assets available in the Covesting Yield Accounts service.


Burn program

We allocate part of all earnings to a systematic token burn program. By ‘burning’ COV, we reduce total supply and support deflationary nature (scarcity) of the token.

COV Membership

COV token holders who have activated one of three membership plans get the most out of Covesting ecosystem. Loyal COV community members enjoy higher profits and multiple benefits across all supported products.



At Covesting we never stop moving forward and adopting to whatever this dynamic industry brings us. To provide more transparency to our community members, and bring clarity regarding further Covesting ecosystem development priorities, we have put together this roadmap.


Copy-trading module development

Covesting successfully releases its flagship product – The Copy-trading module. This innovative tool allows users to choose among the best performing traders and automatically copy their trading activity.


B2B Partnership. Product integration

Covesting partners with one of the fastest growing margin trading platforms – PrimeXBT to launch Copy-trading module.


COV token integration

  • COV token utility integration takes place across all products
  • COV token burn mechanism released
  • COV token treasury operations launched — secure deposits and withdrawals for all existing and future partnerships


General improvements

  • CPA and referral program integrated for Covesting Copy-trading
  • Rating/star system based on multiple metrics introduced
  • Historical performance column charts for months/days released
  • ‘Verified’ status for managers who passed KYC released
  • Option for strategy managers to show their trading history released
  • Take profit feature for followers introduced and much more..


Risk management Improvements

  • Trading and risk management related metrics such as win/loss rate, drawdown etc. go live
  • Risk management — max. following limits are introduced
  • Risk management — grades are introduced
  • Stop-loss feature for followers is released
  • Public margin utilization chart released


Covesting Yield accounts development

Covesting successfully debutes Yield Accounts service which allows anyone to earn daily interest on their digital assets. This product offers users with little technical knowledge to benefit from yield-generating instruments that have become so popular in recent times and participate in DeFi economy with ease.


B2B partnership. Product integration

PrimeXBT proudly announces the launch of Covesting Yield Accounts on its multi-asset platform


COV memberships tiers Adjusted

Amounts required for COV membership activation are reduced. New amounts: Advanced - 250$*, Premium $2,000*, Elite - $20,000*.
* Equivalent in COV tokens


Launching COV denominated Strategies

Copy-trading platform users will be able to launch strategies denominated in COV. Followers are able to follow such strategies with COV.


Launching COV margin trading accounts on PrimeXBT

PrimeXBT platform users will be able to open margin trading accounts denominated in COV and automatically save 25% on all trading fees when trading on these accounts.


Utility: Higher profits for Followers holding COV

COV token utility improved for Covesting Copy-trading module. Followers will receive higher profit distribution depending on their COV membership tier rather than initial following equity


Utility: Higher profits for Strategy managers holding COV

Additional COV utility for strategy managers in Covesting Copy-trading module introduced. Strategy Managers who have activated Elite membership will get a 25% profit share instead of a standard rate of 20%


Utility: Higher profits for COV denominated strategies

Copy-trading platform users will benefit from higher profit share when launching and/or following COV denominated strategies. Strategy managers will get a 25% profit share while followers will enjoy 75% profit share


Additional protocols for Covesting Yield accounts

Additional DeFi and CeFi yield-generating protocols are connected to improve returns on the most popular digital assets.


Utility: Improved profit share when the payout currency is COV (for followers)

Every time a user stops following a strategy (denominated in any currency such as BTC, ETH, USDT etc.) he/she will be able to choose the payout currency. If COV is chosen as a payout currency – the maximum profit share of 75% will be applied on all generated profits.


Utility: Improved profit share when the payout currency is COV (for strategy managers)

Every time a trader decides to close his strategy (denominated in any currency such as BTC, ETH, USDT etc.) he/she will be able to choose the payout currency. If COV is chosen as a payout currency – the profit share of 25% will be applied on all generated followers’ profits, instead of 20%.


Earning interest on COV Holdings

Elite COV members get an exclusive opportunity to stake their COV tokens in Covesting Yield Accounts and get daily rewards.

COV Burn Transactions

Covesting aims to burn up to 50% of all the fees generated by its products at random intervals. Fees will be calculated after excluding affiliate earnings, fee discounts, and other revenue impacts. Below you can find a list of all the COV token burn transactions.

Total burned
% of total supply
TimeTransaction IDAmount
Covesting ERC-20 / BEP20 bridge transactions fall outside the scope of the DLT license issued by Gibraltar's FSC. Covesting bridge is not a regulated product or service. Use at your own risk.
id="path-2" points="0.00605863192 0.00222149837 51.7003257 0.00222149837 51.7003257 51.7025472 0.00605863192 51.7025472"