CoVEX smart contract is based on the next-generation ERC223. Traders can trade and exchange cryptocurrencies, copy trade skills and compete with each other’s trades within their trading groups. In other words, we are taking social/copy trading, margin trading, and payment gateways to a transparent, highly secure and reliable way. The CoVEX token—which will be implemented on Ethereum Blockchain under ERC223 standards—will act as a reward generating cryptocurrency. It will allow the token holders to receive bonus in the form of transaction fees. Ultimately, our platform will make trading accessible to everyone and improve the overall user experience. Our platform will transform the foundation of crypto markets such as startups, incumbents, traders, consumers, and merchants into a viable ecosystem that boosts mass adoption of cryptocurrencies. Our mission is to bring this disruptive technology to the entire world population in an effective, seamless and accessible way. We see the Blockchain as an antidote to the centralization of power, thus returning freedom to the people to make financial decisions and prosper, undeterred.
Our Line of services aimed at tackling inherent problems in the cryptocurrency exchange space are:
Cross-border Crypto Currencies-Exchange Platform:
We will create opportunities for traders and investors to buy, sell and exchange their favourite cryptocurrencies at current and determined prices. No more merchant fees and credit card fees. Pay only the real cost and get the most out of your Cryptocurrency with the lowest exchange rates. Considering you’ve got to pay a network fee every time you want to transfer cryptocurrency, it’s totally understandable that you would want to avoid excessive exchange fees.
Social Trading Platform:
CoVEX offers you a plethora of carefully vetted and approved professional trade managers that you can follow and rely on when making up your portfolio as an investor. We vet new and old traders periodically and new traders who have a proven track of success can join our professional trade managers team.
Our platform will allow users to set their funds and tokens to copy-trade form top traders and top traders can share their trading experience with the new users which helps new investor to learn more about market. The platform is transparency and security will be enhanced, thereby giving users complete control of their trading funds and investments.
Our platform provides an easy-to-use interface that would keep you up with the best traders that have a proven record of profitable trades and apply their knowledge for your benefit.
Cross-border Margin Trading:
For traders with a limited amount of crypto resources, i.e. Bitcoin and altcoins, there is the option of margin trading in order to add leverage to the investment. This, in fact, increases the amount invested without having to actually hold the assets. Our platform will allow traders to borrow or lend tokens for margin trading.
CoVEX Payment Gateway:
Our payment gateway will allow our users to effortlessly trade between cryptos and fiat currencies in future 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.
P2P Loan Service:
CoVEX will be implementing a platform that allows lenders to issue loans to borrowers based on a selecting credit decision package. It will be specified by ML algorithms which scores the recommended fraud, identity and other credit rating agencies. Before the mass adoption of cryptocurrency, there very few safe options for lending. CoVEX aims to provide a swift and cost-effective solution to this dilemma with its line of services. CoVEX offers lending and credit option to its users. You can earn interest by lending and borrow with relative ease.
CoVEX has an underlying standard to underwrite high-quality, promising ICOs that have passed stringent due diligence, smart contract code review, and legal compliance by our expert ICO review department. CoVEX will provide complete package for new ICO starter helping them with smart contract code reviews, and legal compliance.
We believe in the unique proposition that makes CoVEX and what we are trying to bring into the market. We look forward to guiding new ICOs all through the way.
Buy and sell cryptocurrencies in a CoVEX exchange! At CoVEX Market you have total control of your money and deal directly with the platform and other users in our blockchain. We have an Incentive for Stake (IFS) model that is designed specifically to maintain a continuous rewards program for CoVEX Token Holders. Earn more CoVEX tokens based on a host of referral and invitation program features. CoVEX will list over 100 cryptocurrencies for spot trading within few months after the platform goes live We are a globally available trading platform. A growing network of internationally-recognized partners / We strongly believe that the CoVEX token will become one of the most distributed tokens in Ethereum network ! We ideate, produce, sell and obtain feedback. We have a working system and promise to actualize all our targets – which will invariably lead to a rise in value of our token. ICO’s and all its camaraderie help enhance Corporate Brand Awareness. We are not a start-up, we will not wait for any individual or institution.
Official site https://covexlabs.com/
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