Post
Topic
Board Altcoin Discussion
Re: which is best coin for long term hold?
by
LaGata888
on 13/08/2018, 12:49:10 UTC
While mentioned many times here, I would agree with the main players like BTC, EOS, ETH etc, however I also see huge potential in a few up and coming cryptos also. One in particular being Covesting - COV token. The cryptocurrency supports their new crypto exchange and trading platform. Currently the platform is live with its basic trading functionalities in the Beta Version, but is due to officially launch this Q3-2018 with the highly anticipated copy-trading feature.

Already the Covesting Beta Version is being well received by the community, who're eagerly awaiting and preparing for the official launch, which will expectedly boost the demand for the token as COV is used to facilitate the fees and rewards distributed by the platform. Additionally there is a max supply of 20,000,000 COV with 17,500,000 COV currently in circulating supply with no more tokens ever being created. Furthermore, Covesting plan to 'buyback and burn' COV tokens - where they will systematically buy COV tokens on exchanges and “burn” them, so they're removed from circulation and locked into an irreversible smart contract address for eternity, thus decreasing the total supply of COV tokens and increasing their value over the long-term.

The platform itself is brilliant, with a clean, crisp user interface that's easy to use, at no compromise to the state-of-the-art technology and advanced tools a trader needs to perform at their best. Plus, you can get advice on how to effectively invest in bitcoin or buy ethereum, etc with their "crypto intelligence portal" where there is free educational resources, pro traders share ideas & tips, live market info and latest news.

The exchange also provides multiple revenue generating streams by users doing nothing different - with copy-trading, a generous referral program, and half price platform fees (already competitive in price mind you). Check them out here: https://covesting.io

Covesting is definitely worth your research and a good option for long term investment.