Coinvest is the world’s first decentralized stock market for cryptocurrencies
In the world Crypto Coinvest is the world’s first decentralized investment trade market. Coinvest allows you to trade using one coin in the crypto world. The hat allows coinvest to be the first centralized platform that provides such services to the crypto world. In general, Coinvest is a new method to invest in cryptoasset.
With the complexity, fragmentation, and quality of cryptococcal investment options available in the marketplace, Coinvest is committed to democratizing crypto-cryptoes by creating tools that enable consumers to seamlessly, safely and securely invest and use crypto-crypto.
Coinvest also has a number of special advantages over funds and other crypto currency exchanges. One example is, there is no interaction with third parties and no verification of KYC / AML. Coinvest also has short selling and other excellent functions.
What is Coinvest?
Coinvest is a new decentralized cryptocurrency stock exchange based on the blockchain that aims to fully decentralize the process of investing in cryptocurrencies. The new token is COIN, and it will populate the new decentralized platform. The Coinvest team is predominantly full of ex-Microsoft employees who have jumped ship to work on cryptocurrencies and decentralization. It is true that Microsoft is one of the few big corporations that has always had a soft spot for cryptocurrencies, and they even allowed payment directly with bitcoin in some services on Xbox.
Coinvest Features
Coinvest advertises all of the following features:
- No third party or human interaction
- No KYC/AML verification
- Cryptocurrency storage
- Short selling
- Limit orders
- Index funds, including personally curated index funds
- Full autonomous
- Decentralization
- Non-custodial
- Options, margin, and futures trading (planned for future development)
- Debit card account (planned for future development)
Many of these features are designed specifically to differentiate Coinvest from other options on the market today like cryptocurrency investment funds or exchanges. The company doesn’t accept fiat currency — unlike exchanges — for example, and doesn’t require KYC/AML verification (something that all exchanges require). It also works in a fully autonomous, decentralized, non-custodial way.
FEATURES COINVEST
1. Simplicity
Investing in cryptocurrencies today is an extremely difficult and a intensive process. Exchanges require KYC authorization which can take hours (if not days) to validate. Coinvest legally bypasses the KYC process as there is no exchange in fiat currency, assets, and as the Coinvest smart contract is the custodian of your deposited funds.
2. Convenience
Securely storing cryptonized assets is imperative but not trivial. Some coins and tokens have different standards and require different wallets. As a consumer, you have to choose between different wallet options (such as hot, cold, paper, etc.) depending on your risk appetite. Storing assets yourself is feasible for some; however, complicated and risk hacking and user-error. With Coinvest, there is no storage of investment assets as all portfolios are completely digital.
3. Function
Prices in cryptocurrency can be extremely volatile. Acquiring assets at the wrong price and time can be the difference in gains or losses. There are currently limited investment options that empower users to execute flexible buying options such as shorting and price limit orders. Coinvest is one of the first in the industry to offer this functionality.
4. Diversification
Unlike current exchanges, Coinvest offers index funds containing a portfolio of cryptonized assets related to components such as market capitalization, industry, etc. The index funds enable users the ability to invest without individually and actively purchasing assets themselves. Meanwhile, providing broad market exposure, low operating expenses, and low portfolio turnover.
5. Autonomy
There are currently no investment vehicles that enable investors to curate and invest in an index of cryptonized assets created by themselves. Current investment, index, and mutual funds are managed by third-party asset managers and offer no flexibility and control of the fund itself. Personal curated index funds on Coinvest empower users to control the assets, distribution percentages, rebalances, and withdrawals of their own individual fund.
6. Decentralization and Security
Investing in cryptocurrencies require sending funds direct to an exchange or investment fund (which inherently creates centralization and high risk as they are the custodian of your funds).Coinvest does not accept any funds (fiat, cryptocurrency, etc.) or payments direct from users. User funds are held in escrow and controlled by the Coinvest autonomous bot (computer code) within a smart contract in the Coinvest protocol.Users can withdraw funds or close their positions at any time and obtain distributions automatically via the Coinvest smart contract. The Coinvest investment process requires no human involvement or interaction.
7. Backed Collateral
All investments made through the Coinvest platform are backed by the cryptonized assets themselves. To ensure liquidity, Coinvest employs two reserves. (Please refer to the Coinvest Reserves section in this document for more detailed information) Investments will only be executed based upon available assets in the reserve, ensuring the security of all users. A percentage of company revenue is allocated for additional purchases to increase liquidity and scale the reserve in relation to growth.
Early adopter bliss
In all, Ethereum’s price hike worked very well for Coinvesting’s pre-sale investors. To reflect the value change, the team decided to quadruple the number of tokens every token holder had bought during pre-sale. This means that anyone that invested 1 ETH to receive 200 COV in return, now owns 800 COV. The team also created a progressive price scale for the ICO with bonuses prices as high as 800 COV per 1 ETH, when the token’s valuation is 520 COV per 1 ETH. The ICO’s hard cap has also been changed to reflect Ethereum’s price, from a hundred thousand ETH to twenty-five thousand ETH. This is demonstrative of the team’s adherence to their roadmap and clear-headedness in their goals.
All of this happened with no change to the limit number of tokens on offer. This is fundamental because the amount of tokens available is in itself a fundamental part of how to understand the value of a cryptocurrency or any currency for that matter. The lower the number of units the higher the percentage that one holder of a single unit will have. To hold one out of a hundred is ten times more valuable than to hold one out of a thousand. This is supply and demand at its basics.
In that sense, and in every sense, the price is relative. Ripple’s 38+ billion circulating supply did not stop it from becoming the second most valuable currency by market cap this week, but it influences the fact that its token price is hovering at $2.4 dollars. The price per unit is diluted because of the number of available tokens.
With this in mind, Covesting’s price tag at $1.27 as an entry level is quite enticing, thinking that there are only 20 million units available. If there were only 20 million Ripple tokens on the market, at current capitalization, each ripple would be worth around 39 thousand dollars. With that in mind, Covesting’s token price seems very reasonable and within market standards.
Successful ICO
Further, the extension period for the ICO will see tokens being sold at a higher price than at earlier stages, which should help support the token’s value once it is listed. Reducing the timeframe between the end of the ICO and the listing will also help sustain the hype created by the ICO and potentially push the price upwards once it hits the exchanges, as it will still be well present in everyone’s minds.
UPDATE: Case in point is the successful reaching of Covesting’s hard cap on the 30th of December, a well deserved new year’s eve gift for the team. The 25 thousand Ether goal was reached 15 days before the deadline, proving the extension of the deadline was the right decision to take.
COINVEST ICO
The ERC20 native token, COIN, will soon undergo pre-sale and then enter the main ICO. The pre-sale cap is 1.2 million COIN, and the ICO will have a hard cap of 30 million COIN. The price for each coin is set at 1 ETH= 300 COIN, and that almost comes equal to $1. There is a 50% bonus in the pre-sale, and it will start on December 11, 2017. Interested backers can find out more information below:
ICO details
- ICO date: 14–01–2018 to 10–02–2018
- Token acronym: COIN
- Cost of token: 1000 COIN = 1 Ethereum
- Bonus options: yes
- Currencies accepted: BTC, BCH, ETH
- Platform: Ethereum
- Minimum investment amount: 0.01 ETH
- Soft cap: 1000000 USD
- Hard cap: 33000000
- Distribution in ICO: 50%
More and more people are looking to invest in cryptocurrencies. The problem is that they are not able to find the right platform in order to do so. Therefore, the demand for such platforms is pretty huge. This is one of the main reasons why this company has a good investment proposition as it would create such a platform which would allow various investors to invest in not just a single cryptocurrency but also in multiple ones.
Below is the experienced team of industry professionals and advisors at Coinvest:
Advisors:
- Tony Scott: Formerly the CIO of the US Government, VMWare, Microsoft, and Disney
- Pete Cashmore: Founder and CEO of Mashable
- Kendrick Nguyen : CEO of Republic
Team:
- Damon Nam: Founder and Executive Director
- Byron Levels: Technology Director
- Taylor Rieckens: Business Development Director
- Ramiro Galan: Creative Director
- Umar Irshad: User Experience and Interface Director
- Kevin Huynh: Analytics and Operations Director
- Varija Yelagalawadi: Operations Manager
- Dexaran Derat: Blockchain Engineering
- Robert Forster: Blockchain Engineering
- Mike Pretti: Senior Full Stack Engineer
- Dmitriy Golovchenko: Engineering
Details Information :
Website || Ann Thread || Whitepaper || Twitter || Facebook || Telegram
Profile Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1299271
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