COVESTING Expands and Welcomes Two Saxo Bank Pioneers
Covesting, the first crypto copy-trading platform, has announced Kurt Carlsson and Peter Kristenson have joined the team as Chief Commercial Officer and Head of Markets accordingly. Covesting has grown exponentially over the last few months, and continues to bring new team members on after their Pre-ICO raised over $1.1M. Both Kurt and Peter were original employees at the start of Saxo Bank, and have grown into very influential figures in the world of investment banking and private asset management. Covesting, which was founded by two other ex-Saxo Bankers, is allowing ordinary investors to copy the trades of the most successful professional cryptocurrency traders on the market.
After officially incorporating in Gibraltar, Covesting decided to expand its roadmap with several big initiatives such as liquidity aggregation, a trading terminal, and the Crypto Intelligence Portal. The significance of a liquidity aggregator and a trading terminal cannot be underestimated. The combined technologies would allow traders to execute trades through many of the largest exchanges in the world, all through the Covesting platform.
Covesting has already released the MVP version of their platform, and has since grown their community to over 3,000 Telegram Channel members and 10,000 Facebook followers. The MVP version of the platform has been extraordinarily received by the community and has bolstered the success of their ICO.
Their ICO was recently rated as one of the lowest risk ICOs on the market, with very solid growth potential as their token can not only be used to copy-trade but was designed to appreciate in value through buy-back and burn methods. Over 2,500 contributors have already gotten involved in the project, and this number figures to grow after a recent announcement to lower the hard cap of their tokensale, while giving all contributors bonus tokens.
Covesting has proven itself to be one of the smartest, and safest ICO investments despite the extreme volatility and uncertainty that has always existed with ICOs. The Covesting team has lowered the cost per token by a factor of 4, while keeping the total supply of tokens the same, meaning the team reduced the value of their own holdings by 400% in order to make the cost of the token more affordable to the community.
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