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Covesting’s CEO: “While most projects were busy hyping, we invested exclusively in development”

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Covesting’s CEO: "While most projects were busy hyping, we invested exclusively in development"
Source: Covesting

Covesting, one of the first exchanges across the globe to obtain a DLT license from the GFSC thanks to the platform’s high level of compliance, security and infrastructure, has officially announced its much-anticipated soft launch after a long but successful journey.  From today, anyone can register and start trading on covesting.io.

Covesting’s CEO and co-founder, Dmitrij Pruglo, spoke in-depth about his project’s soft launch and successful year, saying:

“After this difficult year for us, we are pleased to present the platform to the community. But the most difficult was not the development process itself, although it certainly takes a lot of effort. The most difficult aspect was the ability to restrain oneself and not to react to skepticism from the side of conditional competitors and some token-holders regarding the lack of active marketing. It was a volitional decision, and we believe that we were not mistaken. Before any startup there is a choice in where to focus our efforts. Across the crypto industry, it has become common practice to offer anything to customers, so long as it is attractively packaged. And the problems of customers will face due to infrastructure flaws are the least of the creators concerns.

Ultimately, this damages users, investors, and the industry as a whole, as it leads to significant problems down the road that cannot be easily fixed. It was necessary this tradition changed. Someone needed to step up and raise the bar for the industry to create a better future.  At Covesting, we have focused our energy on creating a company and platform that raises the bar for the industry as a whole by focusing on regulatory compliance and facilitating an incredibly successful soft launch.

Today, each of you can try out the platform and see if it was worth the wait. We believe that a strong product will speak volumes for itself. We have remained confident all year, and we are ready to begin to demonstrate to the world the possibilities of a platform on an entirely new level for the crypto-community.

What do I mean by new level? Everything. This is a combination of broad functionality, uncompromising reliability, unprecedented transparency, and the best quality support service in crypto-world that we built from the ground up, focusing on becoming one of the world’s leading financial corporations. You can also try out the speed and quality of the support service in person by contacting our support team through the platform’s contact form, Telegram, Facebook, Twitter, and more.”

Soft launch of the Covesting platform gives the team a final chance to stress test operations during active trading sessions and offer users a chance to test drive many of the platform’s cutting-edge features. Features available during soft launch include trader rankings based on ROI, exceptionally high liquidity, around the clock support service, quick-order execution, a reporting dashboard to monitor performance and trade history, and much, much more. Copy-trading will be made available following the soft launch.

A limited set of cryptocurrencies will be available for trading, depositing and withdrawing during the soft launch, with additional assets being added in the future. This will allow for thorough testing of a limited feature set to ensure all internal operational standards are met. In the coming days following the soft launch additional fiat funding methods – including bank wires, transfers, credit cards, and more – will be added.

The soft launch also offers users the ability to complete KYC verification and get an early chance to begin creating trader profiles.

To begin trading on Covesting’s platform, follow these five simple steps:

  1.   Login to the Covesting platform or register for a new account
  2.    Complete the KYC process and wait for verification if the step wasn’t previously completed
  3.    Go to the funds section and deposit any cryptocurrency currently available for trading
  4.    Transfer your deposited funds from wallet to trading portfolio
  5.    Start trading on Covesting platform.

Furthemore, Covesting recently launched its highly-praised mobile app, giving users the same next level experience the platform offers, at the comfort of their fingertips. The app, available for iPhone and iPad – and in coming months, Android devices – offers advanced charting, quick-order execution, the ability to safely and securely store cryptocurrencies, and much more – right form a user’s mobile device. Download the app today!

“Thank you to the community for all the support. We are proud to invite you to test out and enjoy all of the platform’s exciting features during the soft launch, with more to developments to come,” – Pruglo added.

To know more, Click Here!



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Press Release

The first $BEXAM IEO successfully completed on X-Hive Exchange

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The first $BEXAM IEO successfully completed on X-Hive Exchange
Source: X-Hive Exchange

The first phase of $BEXAM [Bexam token] IEO presale with a 10% discount on X-Hive exchange was held on May 13th, which successfully sold out 200,000 USD worth of $BEXAM within the day. The second stage of $BEXAM IEO will be executed on X-Hive starting June 3rd 12:00 SGT to June 23rd for 1.8 million USD worth of $BEXAM to be sold.

What is Bexam?

Bexam, the next generation blockchain/DAG hybrid platform with the Grid Ledger System [GLS] algorithm, is focused on providing the solution for large enterprises worldwide using blockchain. A solution for cross-industry platforms operating multiple transactions on the same chain, solving speed and scalability issue. Bexam builds custom applications for enterprises with distributed ledger technology using the GLS. In the GLS network, this technological system gives roles to each individual nodes; similar to the process of sharding, by formulating a node hierarchy consisting of Super Nodes, Master Nodes, and Normal Nodes and Signal Nodes connected in a circular network to optimize data disbursement while removing hash values to achieve high speeds. Through the integration of a node hierarchy which can expand, or contract based on the size of the network, scalability is created.

The GLS’s Proof of Concept with NTT Docomo illustrates the fact that near instant global transactions are easily achieved on the Bexam platform: YouTube video!

Token Utility

  • Master Node and Super Node staking/rewarding
  • Smart money
  • Functional cryptocurrency

The merit of holding Bexam token

  • Staking $BEXAM gives you ownership of the Master and Supernodes;
    500,000 $BEXAM for a Master Node, 100,000 $BEXAM for a Super Node.
    Master Node receives 80% and Super Node receives 20% of a transaction fee for the specific transactions processed by those nodes.
  • Users will receive a 50% discount on the trading fee, by using $BEXAM to pay for the trading fee on X-Hive exchange, starting from the official launch of X-Hive.

Second stage $BEXAM IEO launch on X-Hive

Sale Time: June 24th [12:00 SGT] – July 1st [23:59 SGT]

Sale Total Supply: 300,000USD worth of $BEXAM

Sale Price: 0.12 USD = 1 $BEXAM

$BEXAM is expected to be listed after X-Hive’s official release scheduled in July 2019. Investors can find immediate value for using $BEXAM to pay for the trading fee with 50% discount. The confirmed listing date will be announced later by X-Hive. To participate in the $BEXAM IEO, go to X-Hive and check for details today.

About X-Hive

X-Hive exchange is a decentralized exchange with centralized benefits. Being part of the Bexam ecosystem and benefiting from Bexam’s unique technology; Not only does X-Hive solve the scalability issue present in decentralized exchanges, but also able to achieve high transaction speed of up to 40 million TPS. X-Hive can pair up any coin/token even with different original blockchain. With this, X-Hive aims to operate as the exchange with the most pairs in the world, providing centralized benefits of 24/7 customer support with multiple languages to their users.

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