Covex Is Set To Implement The Next-generation Trader-Friendly Blockchain-based Platform
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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..
About CoVEX
CoVEX , the next-generation ERC223 Ethereum Blockchain-based platform, where traders can trade and exchange cryptocurrencies, copy trade skills and compete with each other’s trades within their trading groups. In other words, Social/copy Trading, Margin trading, and Payment gateways will be running in a transparent, decentralised and trustless Blockchain.
CoVEX tokens will be available for interested participants during the ICO that is set to run from May 2018. During the ICO, the total volume of 192,500,000 CoVEX coins will be released to interested coin holders.
Our Mission
Our mission is to create one stop digital trading platform where users connect crypto traders, developers. merchant, tech enthusiastic and entrepreneurs.
For the commitment our platform is issuing its own coin, CoVEX Exchange, Social Trading/Copy Trading, Payment Gateway, Margin Trading and P2P Loan that are intently linked all crypto traders.
CoVEX Platform
CoVEX platform is bring all in one trading Platform. This Platform allows token holders to buy, keep, convert and spend their cryptos by offering them seamless integration that bridges the gap between fiat currencies and block-chain based assets.
The CoVEX Platform will offer these services :
1: The CoVEX Exchange
The CoVEX Exchange will be a cross-border crypto to crypto exchange. It help for token holders to buy, sell and exchange their favourite cryptocurrencies at current and determined prices. Exchange will have based on a separate, independent custom-developed trading engine. The CoVEX Exchange will support the most commonly traded cryptocurrencies such as Bitcoin and Ethereum and allow users to place orders, trade and swap currency which has been deposited in their CoVEX balances.
2: Social Trading
Our platform will allow users to set their funds and tokens to copy-trade form top traders and top traders can share his trading experience with the new users. Which helps to new investor to learn more about market. The platform will be completely decentralised in future and managed by smart contracts, transparency and security will be enhanced, thereby giving users complete control of their trading funds and investments.
3: Margin Trading/Lending
The CoVEX Platform will provide customers to trading in leverage using borrowed coins from a lender to trade crypto currencies, which lenders gets collateral for the margin trading from the margin trader. Since such use of financial leverage can potentially magnify gains for margin traders.
4. P2P Loan:
CoVEX will be implementing a platform that allows lenders to issue loans to borrowers based on a select credit decision package. It will be specified by ML algorithms which scores the recommended fraud, identity, and other credit rating agencies.
5. Payment Gateway:
CoVEX payment gateway will allow its users to effortlessly trade between cryptos and fiat currencies such as the USD, GBP, and the EUR. In future, the wallet service will be complemented by prepaid cards or credit card which will let users quickly access their funds.
6.ICO Underwritings:
CoVEX will provide complete package for new ICO starter. Helping them with smart contract code reviews, and legal compliance.
Features of CoVEX Platform
CoVEX platform, traders get facility of exchange cryptocurrency and also share their ideas, copy trade skills and compete with others’ trades within the CoVEX network.
CoVEX believe social aspect between traders, and sharing information is invaluable. CoVEX provide hybrid trading platform to traders with excellent trading tools, volatility alerts, market update, current news and the dedicated team of customer support.
>Multiple Cryptocurrency Support
>System Security
>High Performance Engine
>Unique facilities for learner to export
>Financial Level Stability
>Daily Bonus dividing between CoVEX Token Holders
>Invitation Bonus
>Copy trade
>Provides 24/7 online customer services
EXCHANGE PLATFORM
CoVEX: Next Generation all in one Digital Trading Platform
( Click to watch the video )
CoVEX Bonus System
The CoVEX coin, a reward-generating cryptocurrency to its users, implements Incentive for Stake (IFS) model to ensure that every coin holder receives the reward in the form of transaction fees, the CoVEX team has implemented diverse sources of revenue on the platform. The reward of bonus sources includes; Cryptocurrency Exchange, Payment Gateway, Margin Trading and Lending, Prepaid Card Service, Social Trading Platform, P2P Loan Service.
The bonus will be distributed daily basis. CoVEX not only share bonus but also allows discount and commission too token holders.
Bonus Distribution Model
CoVEX Coin holders will receive revenue in the form of daily transaction fees. The platform will use a cut-off time of between 23:00 GMT and 23:59 GMT as the basis for computing the revenue. At the last minute of each day (23:59 GMT), the Platform will calculate and distribute the revenue.
The net revenue for the system will be computed as follows:
Net Bonus=Total Platform Fees Collection-Total Discount in Platform Fees
The net revenue will be shared as follows:
>>30% to the CoVEX holder;
>>20% to the referrals; and
>>50% to remain in-house
The bonus for referrals will be split into 3 three categories as follows:
>>1st degree: Any Pre-ICO holder qualifies for 50% of the referral;
>>2nd degree: Only for Phase- 2 holders who participates in the Phase 2 ICO, he/she will be entitled to 30% of the referrals; and
>>3rd degree: Only for Phase- 3 holders who participates in the Phase 3 ICO, he/she will be entitled to 20% of the referrals.
The bonus will be computed as follows:
R, which is the total bonus earned by the CoVEX holder will be computed as follows:
R=(x/y)*0.3*number of coins holds+Referral Commission+Discount
x=Net Bonus
y=Total market Circulating coins (250,000,000-15/100*250,000,000)
Discount model
Any CoVEX holder with more than 3, 000 CoVEX Coins will be entitled to 50% discount in buying and selling fees.
Referral model
Any CoVEX holder who refers a trader to the Exchange will be entitled to 10% commission of every coin that the trader exchanges. This commission will be computed in USD and paid in CoVEX Coins. For one to qualify for the commission fees, he/she must hold CoVEX Coins.
The bonus will be distributed daily basis. CoVEX not only share bonus but also allows discount and commission too token holders.
Bonus Distribution Model
CoVEX Coin holders will receive revenue in the form of daily transaction fees. The platform will use a cut-off time of between 23:00 GMT and 23:59 GMT as the basis for computing the revenue. At the last minute of each day (23:59 GMT), the Platform will calculate and distribute the revenue.
The net revenue for the system will be computed as follows:
Net Bonus=Total Platform Fees Collection-Total Discount in Platform Fees
The net revenue will be shared as follows:
>>30% to the CoVEX holder;
>>20% to the referrals; and
>>50% to remain in-house
The bonus for referrals will be split into 3 three categories as follows:
>>1st degree: Any Pre-ICO holder qualifies for 50% of the referral;
>>2nd degree: Only for Phase- 2 holders who participates in the Phase 2 ICO, he/she will be entitled to 30% of the referrals; and
>>3rd degree: Only for Phase- 3 holders who participates in the Phase 3 ICO, he/she will be entitled to 20% of the referrals.
The bonus will be computed as follows:
R, which is the total bonus earned by the CoVEX holder will be computed as follows:
R=(x/y)*0.3*number of coins holds+Referral Commission+Discount
x=Net Bonus
y=Total market Circulating coins (250,000,000-15/100*250,000,000)
Discount model
Any CoVEX holder with more than 3, 000 CoVEX Coins will be entitled to 50% discount in buying and selling fees.
Referral model
Any CoVEX holder who refers a trader to the Exchange will be entitled to 10% commission of every coin that the trader exchanges. This commission will be computed in USD and paid in CoVEX Coins. For one to qualify for the commission fees, he/she must hold CoVEX Coins.
Token Sale
Private Sale.Join before Pre-ICO.-
All private sale participant will receive 40% extra bonus. Minimum 30 ETH and Maximum 100 ETH
Referral Bonus for Private and Pre ICO Participants-
To receive this amazing 10% referral bonus,all you have to do is sign up on our website and start passing your referral link to family, friends, and everyone else. You can also do so on all social media accounts, the more referrals you have, the more tokens you can receive. For example, if one of your referrals purchases 10,000 CoVEX Coins, you will receive 1000 CoVEX Coins for yourself. As for CoVEX Coin promoters, there is also a referral bonus for you. You will receive 2% of all ETH purchased under your referral code. Pre ICO
Starts: 12th May 2018
Ends: 8th June 2018
Number of tokens: 3000000
1 ETH = 3000 CoVEX
Minimum Purchase: 0.1 ETH Maximum 100 ETH
Bonus
>30% for first week
>20% for second week
>10% for third week
>5% for rest of period
1st ICO
Starts: 7th July 2018
Ends: 3rd August 2018
Number of tokens: 81250000
1 ETH = 2000 CoVEX
Minimum Purchase: 0.1 ETH Maximum 100 ETH
Bonus
20% for first week
10% for second week
5% for third week
No Bouns
2nd ICO
Starts: 1st September 2018
Ends: 30th September 2018
Number of tokens: 81250000
1 ETH = 1000 CoVEX
Minimum Purchase: 0.1 ETH Maximum 100 ETH
No Bonus
CoVEX Coin Distribution Blueprint
CoVEX Token is Privately Funded & Bonus Distribution Model
Distribution Token Use of Process
Roadmap
Here are important milestones regarding the implementation of the project:
•Q3 2017: Initial concept and First Board Meeting conduct
•Q4 2017: Technical team formed for Project, domain registered and website launch
•Q1 2018: Marketing team and legal team formed, and white paper published
•Q2 2018: Beta version of Exchange, Technical whitepaper and Pre- ICO will be released
•Q3 2018: First ICO, Second ICO and Live Test Exchange demonstration
•Q4 2018: Live Exchange will be released
•Q1 2019: Incubator service and Underwriting services will commence
•Q2 2019: P2P Loan Service Platform and Margin Trading & Lending Platform
•Q3 2019: Payment getaway
•Q4 2019: Prepaid Card Services will commence.
For more information , Feel free to comment below . We will be very pleasure to answer
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