What is CoVex Coin ?
CoVEX is a one stop trading platform where traders trade that offers the following services cryptocurrency exchange, social trading, margin trading & lending, p2p loan, credit cards and payment gateway.
CoVEX implementing the next-generation ERC223 Ethereum Blockchain-based 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, we’re taking social/copy trading, margin trading, and payment gateways to a transparent, decentralised and trustless Blockchain.
Ultimately, our platform will make it 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.
Vision
To revolutionize the conventional trading by creating a one stop, Blockchain platfrom for exchange cryptocurrencies, copy trade skills, borrow loans and compete with each other’s trading skills. Covex believes that the steep learning curve in trade should not hinder users from attaining their potential.
Mission
To connect traders together by creating a one-stop evolving platform where payment providers, developers, merchants, tech enthusiasts and entrepreneurs interact. We aim to become the industry standard and thought leader when it comes to trading in cryptocurrencies.
Solution
CoVEX‘s solution lies in its powerful R&D team, which ensures a world-class stability and quality service. In the meantime, CoVEX’s capable operation team shall create a bright and prosperous future through long-term and large-scale online/offline promotions & operations.
Our value proposition
Our principal goal is to become a one-stop shop for trading in tokenized funds. Here’s is our value proposition:
- Cross-border crypto Currencies-exchange (CoVEX Exchange): We will create opportunities for traders and investors to buy, sell and exchange their favourite cryptocurrencies at current and determined prices with low fees charge.
- Development of CoVEXpayment gateway: Our payment gateway will allow our users to effortlessly trade between cryptos and fiat currencies 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.
- Social/Copy trading platform: Our platform will allow users to set their funds and tokens to copy-trade form top traders and top traders can share his trading experience with the new users. Which helps to new investor to learn more about market. The platform will be completely decentralised in future and managed by smart contracts, transparency and security will be enhanced, thereby giving users complete control of their trading funds and investments.
- Cross-border margin lending system: Our platform will allow traders to borrow token and lending for margin trading.
- P2P loan service: CoVEX will be implementing a platform that allows lenders to issue loans to borrowers based on a select credit decision package. It will be specified by ML algorithms which scores the recommended fraud, identity, and other credit rating agencies.
- ICO Underwritings: CoVEX will provide complete package for new ICO starter. Helping them with smart contract code reviews, and legal compliance.
Most cryptocurrency exchanges were developed by enthusiasts who do not have the requisite technological maturity to maintain them. As a result, current crypto exchanges face :
Downtime Loss
Frequent downtimes have led to significant financial losses for crypto users who are unable to place and modify their trades, especially during highly volatile periods.
Security
Most crypto-exchanges are mired in security breaches and have led to the massive theft of funds.
Poor User Interface
New users are discouraged from using cryptocurrencies when they sign up for crypto exchanges because of the poor user interface.
We provide services aimed at tackling inherent problems in the cryptocurrency exchange space, including:
- 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.
- ICO Underwritings
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.
CoVEX Platform
System Security
CoVEX is tailored for everyday use and provides a robust and secure environment for your Cryptocurrency. Direct transactions, instant exchange. Accessible 24/7 worldwide on your laptop, desktop or mobile devices alike. Bank-grade security and next generation account protection. Encrypted SSL connection over HTTPS, 2-factor authentication and trusted IPs.
Discount in Trading
Our discount in trading feature ensures that CoVEX holder with more than 3,000 CoVEX Coins will be entitled to 50% discount in buying and selling fees.
Invitation Bonus and Referral Program
Join CoVEX referral program to earn up to 10% in commissions just by introducing new users to our platform. All it takes is a link and a post. Simply sign up to receive your referral link and post it on your site, social networks, or any other place on the web.
Rewards Program and Loyalty
If you keep making transactions while holding the CoVEX token, you will receive upto 50% bonus reward (referral and bonus). Rewards Program will also allow you to earn extra CoVEX token. We understand the true value of building and developing an initiative and have made reward program and loyalty a core part of the CoVEX dream.
Professional Support to Platform Users
CoVEX’s support teams is a 24/7 response unit dedicated to ensuring the quality of service is top-notch and our users are Satisfied. Any technical issue faced by a user will be resolved immediately. You can contact our customer service department. They work round the clock to serve you better.
Mobile and Desktop Application
We offer both Mobile and Desktop App solutions that will be synchronized in real-time. We also offer several advanced features with full interface customization and various themes available.
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.
CoVEX is now open for private sale until May 8th, 2018. Contribute a minimum 30 ETH- 100 ETH to claim your bonus.
Bonus for Referrals
The bonus for referrals will be split into 3 three categories as follows :
- 1st degree: Private Sale & Pre-ICO holder’s qualify for 50% of the referral;
- 2nd degree: Exclusively for Phase- 2 holders who participates in the Phase 2 ICO. You will be entitled to 30% of the referrals; and
- 3rd degree: Exclusively for Phase- 3 holders who participates in the Phase 3 ICO. You will be entitled to 20% of the referrals.
Received Discount in Trading is CoVEX holders with more than 3,000 CoVEX Coins will be entitled to a 50% discount in buying and selling fees on the CoVEX Exchange platform.
Compatible Wallets
What are the issues with the current exchange houses ?
There are more than 1,400 alt-coins on the market with over 100 exchange houses, yet it is hard to find a single exchange house which does not suffer from poor technical architecture, an insecure platform, poor customer services or high transaction fees for users. Thus, we can layout the current exchange house issues below:
- Poor Technical architecture
- Insecure Platforms
- Poor Liquidity
- Poor Customer Service
- Poor Internationalization & Support Languages
Conclusion
Cryptos provide many benefits for traders over classical assets in the sense that they are transparent, decentralized, and borderless can be transacted 24/7. Where as this unlock limitless potentials to pratically any person in the Universe, it also creates many risks due to lack of regulation, control, and liquidity resulting in poor mass adoption rates.
We are confident that the problem of poor user adoption and experience can be addressed mindfully via a one stop solution approach. CoVEX is the next generation Blockchain that will democratize and take Exchange, Social trading, Margin trading/Lending, P2P loans, prepaid card services and payment gateway to a transparent and trustless Blockchain.
Roadmap
The Team
J. Mohan
Founder & CEO
J. Mohan is expertise in Forex, Cyptocurrency Trading and business development risk management, Finance consultant in manufacturing, service & gaming industry. In 2001, J Mohan started MiDas Technology to fill what he saw as a void in the school and hospital management system in Nepal. Today MiDas Technology has grown from a small start-ups to 400 employees based in Kathmandu.
He holds professional accounting certificate, BSc (Hons) from University of Oxford Brookes and MSc Risk Management from Univeristy of Wales, United Kingdom.
J Mohan is an active investor and advisors in many SME in the United Kingdom. Over the years, J Mohan has diversified his involvement from software development to the range of other sectors, including beverage, consumable goods to beauty and fashion products in the UK SME.
Labu K. Ghimire
Co-Founder & CMO
Labu has been actively involved in Blockchain sector since 2015, working as a Binary option advisor for couple of firms in the UK. Founder of a Stock Broker company –DDK Pvt. Ltd. In Nepal, has more than six years of experience in stock exchange.
Labu is one of founders of a classified Nepali portal-Suchikaran.com. He has several years of work experience as a credit manager in one of the renowned commercial banks- NMB Bank, Nepal. He holds a Masters’ Degree in Finance and Investment from Tribhuwan University accomplished in 2006.
Peter NamisikoWanjala
Head of Product Development
Peter is an accomplished Scholar and Researcher in the Department of Information Technology, Mount Kenya University. Since 2011, he has been teaching various units such as Security and Cryptography, Network Programming, Data Structures, Artificial Intelligence among others. He is also an authority in Blockchain and Cryptosystems having authored many white papers, technical reports, and books on the subject.
In May 2014, he was appointed to the position of Associate Research Fellow at Mount Kenya University as a result of his outstanding research competencies. His current research interests are Blockchain/Cryptosystems, Machine Learning and Big Data. Besides authoring several journal articles in peer-reviewed international journals—with over 50 citations—he is also a reviewer of the African Journal of Information Systems (AJIS) and Journal of Computer Science and Information Technology (JCSIT).
Peter graduated with a B.Sc. (Hons). Degree in Computer Science from the Egerton University, Kenya, in 2007. He also holds an M.Sc. Degree in Telecommunications from the California Miramar University, San Diego.
Junaid Nawaz
CTO & Lead Blockchain Developer
Junaid demonstrated history of working in the computer software industry. Junaid is highly skilled in SQL, ASP.NET MVC, Databases, Software Project Management, crypto/blockchain development, investor, trading analyst. Junaid is responsible for building the CoVEX platform, payment gateway and all blockchain related features.
Reza Bakhshandeh
CoVEX Blockchain AI/Big Data Expert
Reza Bakhshandeh is Crypto Design Architect/Blockchain, developer and AI/Big Data Expert. Currently he is working in Boostinsinder Inc as a senior software Developer. He is a Co-Founder of DPTiva Co and worked as a project manager and Developer. He has developed several smart contracts over the years for number of company. He is an export in developing algorithm and AI. He holds Bachelors’ degree in Software Engineering and AI Masters’ Degrees from Shiraz University. He is an inventor of patent US9489401B1 with 14 years of work experience.
Jyoti Adhikari
Full Stack Developer
He is highly motivated software professional who likes challenges, has made a personal commitment to growth through lifelong learning and continuously applies his learning to achieve better results. He has utilized his in-depth knowledge of various processes, programming languages, tools and platforms to deliver business-focussed solutions for companies.
He key knowledge of software development based system with in demand on C#, ASP.NET , MVC , Azure , Java , JSP , Sencha , JQuery , AngularJS , AngularJS 2 , ReactJS , KnockoutJS , Node JS, ,IOS development using Swift ,NoSQL , SQL ,MongoDB , Redis , Unit Test , MS Test , Mocha and designing REST-full service APIs.
Zohaib Qadir
Lead Blockchain Developer
Naveed Shahid
Blockchain & Business Analyst
Gull Chaudhary
Project Manager – Java, ASP .NET, PHP Developer
Denis Rogovski
Legal Counsel
Denis is a Legal Adviser for many Blockchain projects, came from bank sector to more innovative area for applying his banking experience in the Blockchain startup field. His experience is some mix of traditional and innovative financial and legal expertise. As a banking lawyer, he was strictly working with Fintech, e-money, payment systems, accounts and KYC/AML segments where was finding the most efficient legal solutions to develop innovative banking products.
Arshelene R. Lingao
Bounty Manger
Arshelene, dedicated team member to CoVEX team, previous to CoVEX team, she worked for a Computer Factory in the Philippines as a Data encoder. She have been doing telegram moderation and work for a support team in some projects. She holds B.S Computer Science from Golden West College, Philippines.
Jhem Trinidad
Social Media Moderator
Jhem is hard-working and knows multi-tasking. She is a team player who can be relied upon to help your company achieve its goals. Previous to CoVEX she worked in many other cryptocurrency team full support of Media moderation. She holds Diploma in Computer Science from Imus Computer College, Philippines.
Nicholas Sousa
Social Media Moderator
Nick is currently studying his Bachelor’s Degree in Law and involves in cryptocurrency trading from last years. He is keen interest in social media and technology great fits for CoVEX’s social Media moderating team.
Kim Hyo Sun
Korean Social Media Moderator
Neha Rana
Marketing Team
Akriti Thakur
Marketing Team
To find out more details about CoVEX, you can visit our below :
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