Start Date November 24th 2017 10:00 UTC
End DateJanuary 15th 2018 10:00 UTC
COVESTING Token Sale DetailsContributions are accepted in ETH, BTC and LTC
Use of funds
All proceeds from the token sale will fund the product launch, continued platform development, and user acquisition:
40% R&D. Development team with approximately 15-20 engineers. Platform development, new features, data-testing for HFT operations, mobile app development etc.
25% – Marketing expenses, PR and Customer Acquisition, presentations and region-specific roadshows. Digital currency trading exhibitions participations etc. There are natural network effects built into the product around the P2P asset management model, which will lower the average customer acquisition cost (CAC) substantially.
30% Initial Capex. Substantial costs largely associated with b2b API integration from multiple partners-exchanges. Costs of necessary Licensing. Latency optimization. Operational spends, employees (excl. developers), office etc.
5% Legal, compliance fees