Well, blockchain technology has turned the marketplace upside down. It has become more popular with the inventions it is bringing along with it every single day. Blockchain is one of the most ingenious inventions that one has come across so far. It is capable of showing its miracle not only in the transaction field but also in every sector that defines value. One such platform that aims to serve the trading facilities widely is Covesting.

**Introduction (** [https://covesting.io/](https://covesting.io/)**)**

Covesting is a platform which provides the necessary allowance to the users to copy trades. These trades are made by the cryptocurrency traders as well as the profits. The platform provides all the facilities to its users such as searching as well as comparing the performance of the trades in an automatic manner.
![](https://steemitimages.com/DQmfX6jTf9iQzVUNABVBQ3E2yVhU6sJVpqp4Sn5yhmHA3pW/image.png)
Covesting serves the platform with the help of which one can follow, match, as well as equal profits for themselves as do the traders. Ultimately, Covesting aims to unite investors with the managers. It also focuses on providing the investors with an opportunity that will lead them to enjoy all the management professional services.
Covesting is focused and is looking forward to launch its first trading network in the global world of cryptocurrency. The main goal is to achieve decentralization at any cost.

**Copy-Trading – Worth the Knowledge**

Copy trading is a power for the traders in the market. The traders can open, look after the positions, and copy the position that is under the control of a single investor. The investors have all the power to select their strategies on which they wish to function and implement in the coming future. Traditional markets are the one who explicitly practices copy trading. The entire subject has aimed at providing a peer to peer managing of experience as well as funds.
![](https://steemitimages.com/DQmRdkM3D2Xibdp7JAic59FdJDbgG3HQXrseEFCSA42nc1h/image.png)
**The Working of Covesting**

The basic functioning of covesting is very simple. All that a user is required to do is visit the official website and register them. Later, they will have the privilege to fund their own accounts with either Ethereum or with the use of Bitcoin. The investors willing to participate will also have the authority to choose their traders out of the lot. They will have the access to check the records of the traders as well as a peep into their past performances.
![](https://steemitimages.com/DQmNuVhMk79TK2GFEVFQ3H9BE4iicaekSKJc1bm8CKVENcZ/image.png)
After the traders are done with choosing their own investors that they wish to follow, they will have the opportunity to choose the figures that they finally wish to invest. When all of it is taken care, the traders can even visualize their results and discard anyone at any point in time if they are unsatisfied with them.

**The benefits of Covesting**

** ** The different benefits that are tagged with Covesting come equally for investors as well as traders.

**Features for Investors**

- It ensures professionalism throughout the trade. Along with that the option to follow the best traders to enjoy the benefits alongside.

-  The investors will be able to track their performance as well as analyze their work progress from time to time.

- The investors will have full control over their funds. Investors may or may not transfer their funds to their desired mangers. This depends totally on the choice of the investors.

**Features for Traders**

- Traders can present their own models and continue with the process of trading.  They will also have the authority to enjoy additional privileges.

- It is asked of the traders to stay on the top and maintain a consistency. This will help them in making profits by implementing their trading tactics.

- The profits that are generated by investors can let them earn up to a total of 18%.

**The Pricing**

All the profits that are regulated on the platform account for a 10% commission. However, for the traders, they can earn up to 100% profit without having to pay a penny. It is the investors who will have to pay everything at the end.

In simple ratio, the total of 72% profit will be given to the investors. The platform consumes 10% and the traders will receive a total fee of 18%.
![](https://steemitimages.com/DQmVxwsnxnwW9ESLCkMrBSgP2c6B3pCeVGMDJF5ucUULdEx/image.png)
**Spotlights on the Profits**

Covesting, so far, aims to keep its profits intact and for the same, it will conduct it through two main streams. These two revenue streams are:

1. **Commission on Exchanging –** A 2% fee will be charged to any user who buys a COV from the platform.

2. **Commission on Platform –** This policy is for the investors. Whenever an investor uses copy trading and makes their profit, they will be charged 10% for the same.

**The Token Sale of Covesting**

The pre-sale of Covesting is now over. The price of 1 ETH during the pre-sale was kept at 300 COV. The total distribution of the token during the sale is 1.5 million.

To limelight, the main ICO which has started from 24th November and will continue for 30 days will have a hard cap of 100,000 ETH.

By the end of the token sale, the price of COV /ETH will drop down to 130.  However, for the beginning, it is so far assumed to stay fixed i.e. 200 COV.

**The Final Verdict**

The crypto world has never experienced the idea of copy trading before. Hence, introducing it up front is just the perfect fit. The profits will surely entice the investors as well as the traders. This will bring forward one of the best ways to earn profits additionally.

**Visit:**

**Website** : [https://covesting.io/](https://covesting.io/)

**Whitepaper** : [https://covesting.io/Covesting\_White\_Paper.pdf](https://covesting.io/Covesting_White_Paper.pdf)

**Authored By:** Etheran

**Btalk Profile:** [https://bitcointalk.org/index.php?action=profile;u=1108165](https://bitcointalk.org/index.php?action=profile;u=1108165)