Covesting is thrilled to announce the start of our second-ever cryptocurrency trading competition!
It will start on November 26th and will have a duration of one month, giving traders ample time to plan and execute trades using the suite of features Covesting provides, and to possibly earn themselves a portion of the total prize fund of an astounding $5,000 in COVs at the exchange rate at the time the prize is issued. The trading competition will be finished 24th of December, at 15:00 PM (GMT).
Rules of participation
Traders looking to partake in our upcoming trading competition that have not yet registered for an account on Covesting must do so by navigating to our registration page here: https://covesting.io/id/sign-up
Users can then proceed through the following process, which will allow them to be eligible to participate in the upcoming trading competition:
- Register or login to the Covesting platform;
- Complete the KYC process and wait for verification if the step wasn’t previously completed;
- Go to the funds section and deposit any cryptocurrency currently available for trading;
- Transfer your deposited funds from wallet to trading portfolio;
- Set your profile to public;
- Start trading on our cutting-edge platform!
In order for both new and previously registered users to participate in the trading competition, all they need to do is make sure their profile is set to public, and they will automatically be enrolled in the competition.
The more you deposit the more you can win!
Unlike our first trading competition, this time we will be separating the winners into two categories: one for the highest return on investment (ROI) based on percentage gain, and one for the highest ROI by currency amount. Ranking of competitors will be defined by snapshotting the table of traders on the 24th of December at 15:00 GMT and each user will be able to check the full table of results themselves. The top five traders in each category will be entitled to a portion of the $2,500 (that will be granted in COV’s at the time of issuance) prize pool, and there is no minimum amount that must be traded with in order to participate.
The first category will be defined as “Absolute Profitability,” and the winners in this group will be determined by who achieves the highest absolute profitability over the duration of the competition, in terms of the amount of profit they generated. The total prize fund for this category is $2,500 worth of COV at the time of issuance.
The second category will be defined as “Relative Profitability,” and the winners in this group will be determined by who achieves the highest relative profitability, based on their percentage return on their initial investment. The total prize fund for this category is $2,500 worth of COV at the time of issuance.
We separated the winners into these two groups in order to ensure absolute fairness in the competition, and to make sure that all traders, no matter how much cryptocurrency that have to trade with, are given a chance of winning.
Trading performance will be saved
One exciting feature about this trading competition is that it will be the perfect platform for traders looking to utilize our upcoming copy-trading feature to build a reputation, as the results of user’s trading activity will be saved on their profiles!
This will give everyone the opportunity to break into the ranks of Covesting’s top traders before we launch our copy-trading feature, which will direct a significant amount of attention to your profile and help to springboard your reputation as an experienced and highly profitable trader!
As always, we welcome you to contact our renowned 24/7 multi-lingual support team that can assist you with any questions or concerns you may have.
We have full confidence that out platform can help you succeed and profit no matter which direction the markets are trending, and we can’t wait to see you in the competition!
The Covesting Team