Who are they?
CoVEX is a forward thinking company looking to offer an all-inclusive trading experience via their planned platform.
What do they do?
Their planned platform will offer features such as social trading, margin trading, multiple payment gateways, ICO underwriting services, and more. It is designed to appeal to both novice and veteran traders alike.
How will they do it?
CoVEX plans to attract and incentivize users not only through the features they offer, but through the tokenization of their platform. Using their native CoVEX token, it will provide holders/users on the platform with reduced transaction fees, and the token will be doled out as reward for contributors.
What kind of token will they use?
The CoVEX token will adhere to the ERC223 standards. It will function as part of the Ethereum blockchain. This standard is an upgrade of the popular ERC20 tokens commonly seen. A main benefit is increased safety.
What does their roadmap look like?
The team has a busy year ahead of them with a product launch planned for October of 2018. There are then plans to bring new features in each of the following 4 quarters. For a more detailed roadmap, click HERE.
Who are their competitors?
CoVEX will compete with other established giants in the industry such as Binance, Bittrex, and more. What will set them apart are the unique features such as social trading, and the appeal to a broader market of investors.
CoVEX has lofty goals, and it appears as though they are shaping up to be a fantastic, well-rounded exchange. If the team can stick to their goals, and deliver on their projected roadmap, look for the name CoVEX to become commonplace within the industry.
For in-depth information on how their platform will function, make sure to read their whitepaper.