In the previous post we talked about what is CoVEX and what are they planning to do. So lets talk about their token sale.
First of, why should you buy their tokens?
Trading through the CoVEX Market gives you total control over your money and allows you to deal directly with the platform and other users in their blockchain.
- They 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 a few months after the platform goes live
- They are a globally available trading platform.
- A growing network of internationally-recognized partners
- They strongly believe that the CoVEX token will become one of the most highly distributed tokens in the Ethereum network !
CoVEX coin
CoVEX coin is a wholly self-founded incentive that act as a bonus-generating cryptocurrency. It will allow the coin holders to receive bonus in the form of transaction fees. The platform will generate bonus from the following sources:
Cryptocurrency exchange : CoVEX will collect a percentage of the value of the exchange transaction
Social Trading Platform : Leaders and followers who perform well over time will generate additional income in the process. CoVEX will charge a small percentage of the interest earned and share it with coin holders
Margin Trading and Lending : All CoVEX holders who decide to provide their capital to other traders will earn interest on their capital. The rate of interest will depend on the principal and time
P2P Loan Service: The CoVEX coin holders who decide to provide their capital to other traders will earn interest on their principal.
Payment Gateaway: Merchants selling products and services by means of the CoVEX payment gateaway will generate bonus for the platform. In return, CoVEX will collect and share the bonus with coin holders
Prepaid Card Service : CoVEX coin holders will incur costs such as issuance, cash widrawal ad card annual maintenance fees.
TOKEN SALE
CoVEX tokens will be available for interested participants during the ICO that is due to run from 12th May 2018. During the ICO, the total volume of 192,500,000 CoVEX coins will be released to interested coin holders. For the coin sale to be fair, their release will be staggered and released in phases as follows:
Phase 1 : After releasing the Alpha version, a total Volume of 30 000 000 CoVEX will be released at an exchange rate if 1 ETH = 3 000 CoVEX
Phase 2 : After Beta version Exchange release, a total volume of 81 250 000 CoVEX will be released at an exchange rate of 1ETH= 2 000 CoVEX
Phase 3: During the second ICO, a total volume of 81 250 000 Covex will be released at an exchange rate of 1ETH= 1000 CoVEX
REFERRAL BONUS FOR ICO PARTICIPANTS.
CoVEX Exchange will provide an incentive for ICO holders to introduce our Exchange to their friends and family.
CoVEX’s ICO token holders will receives an extra bonus on each successful referral. The bonus for referrals will be split into 3 three categories as follows:
For more information regarding CoVEX Coin please visit our website at: https://www.covexlabs.com/
Also, if you have any questions regarding CoVEX Coin or would like some extra information check out our social media:
Telegram: https://t.me/joinchat/FGqocRL7Oj3p-YYV3mu2Ng
Twitter: https://twitter.com/CoVEXcoin
Facebook: https://www.facebook.com/covexcoin/
Bitcointalk Forum: https://bitcointalk.org/index.php?topic=3343211.new
Discord: https://discordapp.com/invite/sVufdss
Official Bounty Telegram: https://t.me/CoVEXBountyPrograms
E-mail: info@covex.io
Author : https://www.linkedin.com/in/vedran-aracic
Twitter : https://twitter.com/AracicDeimos