COV is an ERC20 utility token built on Ethereum blockchain. It is used as the base token for several exchange operations:
1. It's the base token of our copy trading system. When you choose to follow a trader, you will allocate a certain amount of your COV tokens to mirror portfolio of the trader you are following.
2. It's the base token of algo and arbitrage trading.
Using COV will also give you a discount on trading fees.
Note, that this is just a preliminary list of what COV can be used for and more options will be added in the future.