Covesting Token Update: All-New COV-Denominated Accounts Now Live on PrimeXBT
, giving traders more flexibility and options overall. COV holders can access any of PrimeXBT’s more than 50 different trading instruments across crypto, forex, commodities, stock indices, and more. PrimeXBT’s list of assets is constantly expanding, recently adding Dogecoin, Cardano, and other top altcoins.Covesting roadmap
includes additional incentives for COV users, such as an increase in revenue share earned by strategy managers to 25% from the standard 20%. Followers of COV-denominated strategies will also be awarded the maximum 75% profit share over the usual 65%. These benefits will be activated regardless of membership level.
Existing COV utilities include an increase in individual followings, an improved profit share, trading fee discounts, and more. These account enhancements get better with each level ranging from Advanced, Premium, and Elite.COV-activated memberships also increase the APY staking rewards on yield accounts by up to 2x. In the future, COV will be added to the list of assets that can also be used to earn staking rewards.
The COV token itself is an ERC-20 utility token with a scarce supply, an active community, and underpins the entire Covesting ecosystem. The latest COV token updates are now live on , and a guide on how to utilize COV and set up each account type can be found in the platform’s official blog.
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