COVEX-THE NEXT GENERATION ALL IN ONE DIGITAL TRADING PLATFORM
It is no news that the wide acceptance of cryptocurrencies has paved way for the creation and development of cryptocurrencies and has been of great benefit to traders over the years. However, the cryptocurrency market has become very volatile due to lack of regulation, control and liquidity. Trading in the market is also difficult and it requires professionalism and acquired skill over the years to get ROI but traders want ROI immediately and not in the future. Another challenge is the inception of digital trend which was originally supposed to solve these issues but also gave room to insecurity and lack of accountability in the crypto market. All these challenges faced by the crypto market have resulted in loss of potential and existing customers and traders, low transaction volume and high transaction fees. A team of experts in the field of cryptocurrency exchange came together to proffer a solution to the issues plaguing the market. The one-stop solution is called COVEX. Covex is a decentralized platform using blockchain technology which allows traders to trade and exchange cryptocurrency, also share ideas to others and facilitating healthy competition within the platform. The services that the platform renders are: Cryptocurrency exchange, social trading platform, Margin trading & lending, P2P loan service, Payment gateway and prepaid card service.
FEATURES OF THE COVEX PLATFORM
• System security
• Discount in trading
• Invitation bonus and referral program
• Rewards program and loyalty
• Personal support to platform users
• Mobile and desktop application
TOKEN DETAILS
The CoVEX token is a utility token based on the Ethereum ERC223 token standard which is used by coin holders to receive revenue in the form of transaction fees. The pre- ICO starts on the 12th of May, 2018 and ends on the 8th of June 2018. While the main ICO is in two stages starting on the 7th of July and will end on the 30th of September 2018 with the total supply of 250,000,000 CoVEX.
TOKEN DISTRIBUTION
32.5%- Phase 1 ICO
32.5%- Phase 2 ICO
12%- Pre ICO
10%- Dev. Staff and strategic partners
5%- Board of directors and advisory board
5%- Bounty and creative rewards
3%- legal/marketing & miscellaneous
FUND ALLOCATION
55%- Protocol and Software Development
25%- Branding and Marketing
10%- legal & Financial Overhead
8%- Operational & Overhead
2%- Bounty & Overhead
ROADMAP
Q3 2017- Initial concept and First Board Meeting
Q4 2017- Technical team was formed for Project, domain registered and website
Q1 2018- Marketing team and legal team formed, white paper
Q2 2018- Alpha version of Exchange, Beta version of Exchange, Technical whitepaper and Pre- ICO
Q3 2018- First ICO, Second ICO and Live Exchange demonstration
Q4 2018- Live full Exchange
Q1 2019- Incubator service, underwriting services
Q2 2019- P2P Loan Service Platform
- Margin Trading & Lending Platform
Q3 2019- Payment gateway
Q4 2019- Prepaid Card Services
For more information please visit the website and connect with other users on any of the social media platforms listed below:
WEBSITE: http://covexlabs.com/
WHITEPAPER: http://www.covexlabs.com/#litewhitepaper
TELEGRAM: https://t.me/joinchat/FGqocRL7Oj3p-YYV3mu2Ng
FACEBOOK: https://www.facebook.com/covexcoin
TWITTER: https://twitter.com/covexcoin
PUBLISHED BY: ogtejiri
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=1790132
ETHEREUM WALLET ADDRESS: 0x33E8810b5432ccD823b6c45975A55Fb9F6c931D6