The cryptocurrency market has been painful to be a part of over the course of 2018. The industry has been subject to several hacks, advertisement bans, bank crackdowns, and more. Despite all of this, the fundamentals of Bitcoin remain as strong as ever. The following are just a few of the many reasons that this bear market will not last forever.
CoVEX is a new platform, launching in October of 2018. Their goal is to develop a platform that combines not only the traditional features found in cryptocurrency exchanges, but to meld them with new innovative ones
CoVEX is combining machine learning and blockchain technology to provide multiple features that will appeal to investors of every level. What they are calling ‘Social Trading,’ will allow for successful investors to be rewarded for sharing their portfolios with novices on the platform. The successful traders are identified by past performance via a machine learning algorithm. By sharing their portfolios and allowing copy-trading, these traders will benefit by receiving CoVEX tokens in return. Novices benefit by being able to watch, learn, and make smart trades by mimicking a professional.
The CoVEX token, which will be used as an incentive to successful traders, will also benefit any of its holders, as it will allow for a reduction in trading fees when held. The token itself will be based on the ERC-223 standards.