π The rarity of $COV has just increased.
π₯ More tokens have been burnt, reducing the total supply of the #Covesting utility token.
β‘οΈ Check out the etherscan txn for more details: here
π #HappyNewYear2023 to you and yours from all of us at #Covesting
Cheers to an exciting year!
π€© #Covesting Trading Competition on @Kucoin_Exchange
π° $50,000 in $COV to be won π°
Trade $COV on #Kucoin to earn your share of the 50k prize pool!
Giveaway includes:
π€ Lucky Draw
π Trading Competition
β
Participation Prize Pools
Activity details π https://www.kucoin.com/news/en-convesting-trading-competition-50000-in-cov-to-be-shared
π It's been a hot summer for many of our copy-trading users on #Covesting
But we decided to heat it up a bit more with our most recent $COV token burn π₯π₯π₯
π 98,974 $COV tokens have been burnt and taken out of circulation forever.
Details β‘οΈ here
Happy Wednesday, Covesters!
π’ The most popular features of Covesting are now LIVE on the PrimeXBT app π
βοΈ Copytrading - Manage/trade & follow
βοΈ Portfolio management
βοΈ Take profits or set stop losses
βοΈ Activate/cancel $COV membership
Get the update π here
Covesting is pleased to announce another COV token burn event has taken place π₯
29,370 COV tokens have been burnt in this most recent action. Check out https://covesting.io/cov-token for previous burns, staking benefits and more.
π₯ Details here
Community: wants more $COV utility
Covesting: delivers more $COV utility
π₯π₯π₯
COV denominated #PrimeXBT margin accounts now offer 25% trading discounts on all trades.
This milestone adds utility outside the direct #Covesting ecosystem.
More details π here
Following last week's two roadmap milestone updates,let's do another one π
β
Followers Copytrade Profit share now depends on $COV Membership tier only! Stake your COV tokens to secure more profit from followings π°πΎ
More details π https://u.primexbt.com/3sBMKox
Today is the day!
1οΈβ£ $COV denominated #Covesting copytrade strategies and...
2οΈβ£ $COV based margin accounts are here! π
Strategy managers can now open #COV based strategies starting with 1000 COV!
Followers can follow with and earn in the COV token π€
Details β‘οΈ here
π₯#Covesting has concluded the first $COV token burn of 2022 ποΈ
#COV tokens burned: 29,249 π₯
View the burn transaction below, and stay tuned for the next token burn event.
β‘οΈ https://etherscan.io/tx/0x4b54b9a70b187eb92ed7d9b4c9eebc3aa224b77ec3efc8f3b303baceda12355a
A Merry Meme Contest for a Covesting Crypto Christmas! βοΈπ
3 lucky winners will receive:
π₯ 300 $COV
π₯ 200 $COV
π₯ 100 $COV
Rules:
π΄ Create and Share your Covesting themed Christmas memes on Twitter under the comments section here and in Covesting official telegram group
π΄ Use #CovestingArmy
π΄ Tag 3 Friends
Ends December 25th
We are happy to announce the actioning of the first roadmap goal.
$COV membership tiers reduced to:
π· Advanced $250* (in COV)
π· Premium $2k
π· Elite $20k
It's now even easier to access copy trading, higher yield account staking rewards, and more.
β‘οΈ https://primexbt.com/covesting
#Covesting has concluded another successful $COV token burn π₯
#COV tokens burned: 75,715
View the burn transaction and stay tuned for the next token burn event.
Covesting is pleased to announce KuCoin has listed the COV/USDT trading pair today π
There are now more ways to buy COV for higher staking rewards, trading fee discounts, higher profit share, and more.
Don't miss out π new trading pair π
We're pleased to announce that 185,146 COV tokens were burned during the latest burn event.
This marks the nineteenth systematic burn, bringing the total number of COV tokens burned to date to 998,840.79
The Covesting Burn Program supports all token holders by reducing the total supply, thereby increasing token scarcity.
Transaction ID: https://etherscan.io/tx/0xf48fd211cb46d82108b9d1a7ad689c9c523180e7403c53fb1b9a2e16f3348303
Click the link below for further information:
https://covesting.io/cov-token
We are thrilled to announce that starting today, PrimeXBT users can open a Covesting Yield Account for staking APYs of up to 10.5%.
Don't forget, staking the COV token unlocks added benefits, including higher APY rates.
Click to find out more:
https://bit.ly/3BgzlW6
We are happy to announce that COV token is now available for exchange on PrimeXBT!
COV/BTC and COV/ETH pairs have been added by PrimeXBT to their Currency Exchange.
This addition will provide a one-stop experience of buying COV tokens and using them for membership benefits on the same platform, while providing additional momentum to COV.
Check COV exchange conditions on PrimeXBT:
https://help.primexbt.com/deposits-withdrawals/currency-exchange
π Update on COV token swap for IDEX users
We are happy to announce that we have concluded the COV token swap for holders who had their tokens on IDEX exchange during the swap on October 7th, 2020.
Working collaboratively with IDEX we have recovered the new COV tokens dropped to the IDEX smart contract during the swap.
The new COV tokens have been distributed at 1:1 rate to every Ethereum wallet that had at least 5 old COV tokens on IDEX during the swap on October 7th, 2020.
If you held COV tokens on IDEX on October 7th, 2020, please check your Ethereum wallet to confirm receiving new tokens. To view the tokens in your wallet application, you might need to add the new smart contract address to it, as specified here: https://covesting.io/cov-token
We are happy to announce an important improvement to Covesting: TAKE PROFIT feature!
Both Followers and Managers will see the benefits of the new feature:
Followers will be able to book the unrealised profits of their Followings, while keeping the seat in successful Strategies that could otherwise be capped and unavailable for new followings due to their popularity.
Managers will receive their success fee share everytime a follower takes profit. The collected fees may help a successful manager to increase managerβs equity in the strategy and upgrade it earlier, increasing the initial equity cap to allow more followings in it.
The feature has been implemented as Take Profit button for a Following which instantly distributes unrealised profit according to the profit share offer.
Take Profit is already in the Covesting module on PrimeXBT, check it out!
We have just released a new cool feature for our copy-trading module: public Trading history for Strategies!
Managers can now make their trading history public, adding a significant degree of transparency and confidence in their Strategy for current and potential Followers.
Followers can look for a Strategy with βthe public trading history' badge on it in the rating list and check the history of the managerβs closed trades including opening, closing prices, and ROI% on margin to better understand their trading style and favorite trading instruments.
Check it out in Covesting module on PrimeXBT
We are exited to announce the launch of Phase 1 of COV token staking in partnership with PrimeXBT.
By depositing and staking COV tokens, users can enable three unique account membership tiers - Advanced, Premium, and Elite - and unlock four available utilities on their Covesting accounts on PrimeXBT.
Buy COV tokens to stake:
on Kucoin
on Uniswap
Learn more about COV token, Phase 1 staking utilities, and upcoming improvements
$COV on PancakeSwap has finally arrived.
Buy, sell, and trade $COV on $CAKE.
Click here to get started:
https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0f237db17aa4e6de062e6f052bd9c805789b01c3
βοΈ Official token address: 0x0f237db17aa4e6de062e6f052bd9c805789b01c3
We are proud to reveal several crucial additions to the Covesting ecosystem, enhancing the value proposition of the COV token.
New product: Covesting Yield Accounts
All-new Covesting Yield Accounts at PrimeXBT break down the barrier to accessing popular APY-generating products by making DeFi simple to use for all. Covesting Yield Accounts are currently planned for Q3 2021. Those who join the waitlist early will receive an extra +1% bonus on top of standard APY rates for the first month after the launch.
Lear more about the new upcoming product and how to join the waiting list.
Improved COV token utilities
We are excited to announce the new COV Staking service that unlocks three tiers of exclusive benefits β Advanced, Premium, or Elite. These memberships will benefit token holders in multiple ways. For example, in our copy-trading module strategy managers can reduce their trading fees, followers can eliminate entry fees and additionally improve the percentage split they earn from all profitable trades.
Additionally, by staking COV tokens, users will be able unlock a massive APY boost of as much as 2x comparing to the standard rates when utilizing Covesting Yield Accounts.
Learn more about COV token and upcoming improvements.
To cap off what has already been an incredible first anniversary celebration, Covesting and COV token holders now have even more to celebrate with COV breaking above $1 for the first time in 2021.
With COV Staking coming and more exciting updates in the near future, 2021 and beyond is brighter than ever for the Covesting community. Letβs celebrate!
https://medium.com/covesting/covesting-module-first-anniversary-cov-breaks-1-latest-developments-more-63214811618c
Building on the success of our first B2B partnership, Covesting will be fully focusing on developing the copy-trading module. We'll be gradually closing our exchange operations for retail clients to dedicate resources to the B2B product.
Read about our future plans:
https://medium.com/covesting/covesting-to-discontinue-cryptocurrency-exchange-operations-for-retail-customers-55e88e4b0b3
To provide more transparency to our community members, and bring clarity regarding further Covesting module development priorities, we have put together this roadmap.
https://medium.com/covesting/covesting-development-update-2021-9af8d1e192ba