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covex Ico Review

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CoVEX, the all in one digital trading platform, where traders can trade and exchange cryptocurrencies, copy trade skills and compete with each other’s trades within their investment groups. In other words, Social/copy Trading, Margin trading, and Payment gateways will be running in a transparent, decentralized and trustless Blockchain. Our mission is to create all in one stop platform where we 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.

Essential Information

Ico Time
Token Name COVEX
Token Symbol COVEX
Whitepaper View Whitepaper
Website Link https://ico.covex.io
Price
0.5 USD
acceptable
ETH, BTC, LTC
Soft Cap
4,000,000 USD
Hard Cap
40,000,000 USD
Whitelist/KYC KYC
Country UK
Restricted Country USA, China, Cuba, North Korea, Somalia, Iran.

More About covex:

COVEX is creating the next-generation Blockchain-based trading infrastructure to allow traders to maximize and diversify their portfolios in the volatile crypto market space. We want to transform the foundation of crypto markets into a viable ecosystem that boosts the mass adoption of crypto currencies. COVEX is leveraging Ethereum Blockchain to create a one-stop platform incorporating an Exchange House, Social Trading, Margin Trading, P2P Loan, and Payment Gateway.

Combined with Machine Learning (ML) and Artificial Intelligence (Al) models, COVEX is creating an infrastructure which democratizes crypto trading in the fol­ lowing ways:

1x: Creates more opportunities for traders to buy, sell and exchange their favorite crypto currencies;

1x: Allows traders to use their funds and tokens to copy-trade top traders in a transparent, verifiable and auditable manner;

1x: Allows traders to margin-trade their tokens and invest in approved sales using existing tokens and funds as security;

1x: Creates a truly P2P Loan platform that allows direct interaction between the borrowers and lenders, enabling the former to obtain loans without the involvement of financial institutions; and ix: Creates a payment platform that allows traders to send and receive payments in multiple cryptos.

It is largely acknowledged that crypto markets behave fundamentally differently to the conventional flat markets. A recent study conducted by Osterrieder and Lorenz reveals that ROI (Returns from Investments) from cryptocurrencies follow a non-Gaussian behavior and heavier distribution tails. Because of non-Gaussian behavior, prices are prone to speculative bubbles, as witnessed in 2017 when the price of Bitcoin soared to $20,000 for the first time. Although such behavior may lead to high gains, it can also present extreme negative shocks, with the potential to increase the likelihood of marketplace failure. Although knowledgeable crypto investors are aware of the volatile nature of these markets, most seem either uninformed or ignorant about the inherent risks involved. As is the case with new technologies and trends, media attention is usually fixated with movements in price, leading to a general feeling about the likely returns that cryptocurrencies provide. But this can only apply to a knowledgeable crypto trader. A new report by the United Nations agency reveals that nearly 51 % of the world population (about 3.9 billion people) have access to the Internet. However, the same statistics cannot be said about cryptocurrency adoption. A recent report by Cambridge Center for Alternative Finance reveals that nearly 3 million people (less than 1 % of all the internet users) are actively using cryptocurrencies. Clearly, there is an imbalance between internet adoption and cryptocurrency usage. Notwithstanding the rapid growth of crypto markets, mass adoption into mainstream business is still a mirage. Most ecosystems have largely focused on single platforms that offer one service. There is no one-stop platform where traders can exchange cryptocurrencies, margin-trade, copy trade skills, obtain P2P loans, and compete with each other’s trades within their investment groups. A one-stop trading platform backed by the latest ML and Al models would help minimize risks by helping traders diversify their portfolios.

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