Covesting

Covesting.io

Powerful software

solutions for wallets,

exchanges, trading

platforms and DeFi/CeFi

apps

This paper is for general information purposes only.

It does not constitute investment advice or

a recommendation or solicitation to buy or sell any

investment and should not be used in the evaluation

of the merits of making any investment decision.

It should not be relied upon for accounting, legal

or tax advice or investment recommendations.

Covesting

table
LEGAL CONSIDERATIONS, RISKS

AND DISCLAIMER
3

of content About Covesting

5
2. B2B software inspired by innovation 6
3. Covesting Copy-Trading module
8
3.1 Product description 8
3.2 Opportunities for investors 9
3.3 Opportunities for successful traders 10
3.4 Crypto, FX, Commodities, Indices etc — 11
all markets are supported
3.5 Summary 11
4. Covesting Yield accounts
12
4.1 Product description 13
4.2 DeFi staking for all 14
5. About COV token 15
5.1 COV utilities 16
5.2 COV Token burns 17
6. Roadmap 2021-2022

18
7. Our team 22
 Covesting 3

LEGAL CONSIDERATIONS,

RISKS AND DISCLAIMER

IMPORTANT NOTICE: PLEASE READ THE ENTIRETY OF THIS
SECTION CAREFULLY. WE RECOMMEND YOU TO CONSULT

A LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL

ADVISOR(S) OR EXPERTS FOR FURTHER GUIDANCE PRIOR
TO USING COVESTING SERVICES OR PURCHASING COV
TOKEN.

The contents of the “Legal Considerations, Risks and Disclaimer” section outlines the terms
and conditions applicable to you in connection with (i) your use of this White Paper and

of any and all information available on the Website; and/or (ii) your participation in the Token
Sale and/or purchase of COV tokens, in each case in addition to any other terms and
conditions that we may publish from time to time relating to this White Paper, the Website
and the COV Token (such terms hereinafter referred to as the “Terms”). The information set
forth in the “Legal Considerations, Risks and Disclaimer” section may not be exhaustive and
does not imply any elements of a contractual relationship. While we make every reasonable
effort to ensure that all information: (i) in this White Paper; and (ii) available on the Website
(all information in the White Paper and all information available on the Website hereinafter
referred to as the “Available Information”) is accurate and up to date, such materials in no
way constitute professional advice. The Company does not recommend purchasing COV
Tokens for speculative investment purposes. Tokens do not entitle you to any equity,
governance, voting or similar right or entitlement in the Company or in any of its affiliated
companies. The Company does not recommend that you purchase Tokens unless you have
prior experience with cryptocurrency tokens, blockchain-based software and distributed
ledger technology and unless you have taken independent professional advice.

 Covesting 4

Citizens, nationals, residents (tax or otherwise) and/or green card holders of each of: (i) the
United States of America; (ii) Singapore; (iii) South Korea; (iv) the People’s Republic

of China; or (v) any other jurisdiction which prohibits the possession, dissemination

or communication of the Available Information and/or prohibits the purchase of COV Tokens,
ERC-20 Tokens or any similar activity are not permitted to purchase and/or transact in COV
tokens.

In no event shall the Company or any current or former Company Representatives be liable
for the Excluded Liability Matters. The Company does not make or purport to make, and
hereby disclaims, any representation, warranty or undertaking in any form whatsoever

to any entity or person, including any representation, warranty or undertaking in relation

to the truth, accuracy and completeness of any information set out in the Available
Information.

 Covesting 5

1 About Covesting

Covesting is a licensed and regulated Distributed Ledger Technology (DLT) services

provider and software development company incorporated under the laws of Gibraltar.

We develop innovative trading tools and partner with ambitious companies around the
world. Covesting offers powerful B2B software solutions under the white label agreement

to such businesses as cryptocurrency wallets, exchanges, DeFi/CeFi applications, margin

trading / derivatives platforms and others. Our comprehensive suite of investing and trading
products are aimed to support adoption of the New Digital Economy and boost revenue
growth for every B2B partner. COV is a utility token designed to provide multiple benefits
while using Covesting products, and plays an integral role in all third-party platforms that

we establish partnerships with.

We aim to provide transparency and insight into our product development lifecycle and give
a detailed overview of the business as part of this document. Below we describe the
benefits of the B2B business model, introduce our cutting-edge software solutions and
explain tokenomics of the COV token that powers the whole Covesting ecosystem.

All aspects of the company’s business are fully disclosed to the Gibraltar’s FSC and are

in compliance with regulatory guidelines.

Company name Covesting

Address 6, Bayside Road, World Trade Center, GX11 1AA, Gibraltar
Website Covesting.io
License number FSC1328B
Regulator Gibraltars Financial Services Commission
License FSC1328B
License scope Providing Distributed Ledger Technology services (DLT)
 Covesting 6

“Covesting is a unique blend of the innovative spirit and combined 100 years of investing
and software development experience of its team, which results in creating truly
revolutionary, yet reliable and secure solutions. On the 21st of October 2018, just a day
before the company’s first birthday Covesting became one of the first ever companies to be
granted a DLT Licence.”

Read more

First Gibraltar DLT Licences Awarded

B2B software

2
inspired by innovation

Covesting has experienced rapid changes and conceptual upgrades since the launch

in 2017. As has been proven, the Covesting team excels in developing DLT technology, and
we strongly believe that providing our software solutions to existing third-party businesses

in cryptocurrency and online trading space will put Covesting in a more advantageous
position rather than offering such products to retail customers directly. B2B partners have

an already established user base that can be immediately introduced to Covesting’s

proprietary technology and the COV utility token.

Through B2B partnerships Covesting will reach an increasingly larger users base and
automatically create more demand for its native COV token, providing a better value
proposition to all token holders while raising brand awareness globally. The model has
already proven to be highly successful, and we are confident that focusing on B2B instead
of B2C will better align the Covesting business for continued success in the future as the
industry expands.

 Covesting 7

As of today, Covesting`s ecosystem consists of a Copy-trading module, Yield accounts, and

COV utility token.

Traditional
Wallets
finance

Derivatives Margin trading

DeFi / CeFi
Exchanges Software solutions
apps

Covesting and PrimeXBT to Launch Copy Trading in a Groundbreaking New Partnership

“On April 5, 2019 the Covesting team has announced their first ever B2B partnership.

The COV, a utility token designed to unlock the potential of the copy-trading module, will be
integrated into the PrimeXBT platform and become an essential part of the copy trading
experience.”

Read more

on Bloomberg
 Covesting 8

3 Covesting Copy-Trading module

Copy-trading module is the flagship product of the Covesting ecosystem, powered by COV

token. It implements a successful peer-2-peer business model and disrupts the traditional

asset management industry.

A Peer-to-Peer, or P2P, service itself is a platform whereby two individuals interact directly

with each other.

Some popular examples of P2P services are:

• BitTorrent — a popular anonymous file-sharing platform where uploaders and

downloaders meet to swap media and software files.

• AirBnB — allows property owners to lease all or part of their property to short-term renters.

• Uber — a platform for car owners to offer transportation services to others

• eBay — a marketplace for private sellers of goods to find interested buyers.

• Etsy — enables producers of crafts and other homemade goods to sell their items directly

to the public.

By pairing the peer-2-peer business model and the investment industry, Covesting built

a unique solution where successful traders meet new investors, in a transparent, safe and

efficient environment.

3.1 Product description

Copy-trading module users can easily browse through hundreds of trading Strategies

available on the platform, and subscribe to the ones matching their risk appetite.

By subscribing, the platform automatically replicates all trades of a chosen Strategy directly

into the account of the user, providing a unique peer-2-peer asset management experience

without transferring funds to third parties.

 Covesting 9

Covesting copy-trading platform on PrimeXBT.com

3.2 Opportunities for investors

There is a lot to learn for beginners entering the trading world, and mistakes can be costly.
With the Covesting copy-trading module, users can copy the best experts in the trading
community, and achieve the same returns as the leading traders on the platform. Each
investor can diversify their portfolio by following an unlimited amount of different Strategies
at the same time. Such diversification allows users to be uniquely positioned to record gains
across multiple trading Strategies and protect themselves against massive losses in any
single asset.

More importantly, users are always in total control — they can start or finish the following
whenever they want. Additional features such as “stop-loss” allows to minimize the
maximum drawdown of a strategy that a user follows and protects from potential losses.

 Covesting 10

Real-time performance data on every Following (portfolio)

3.3 Opportunities for successful traders

In the traditional finance world, launching a personal fund or an asset management

company requires significant investments, time resources, legal paperwork as well as
marketing costs and other expenses. It takes many years of effort to build trust and
reputation in order to attract proper funding and to evolve as an asset manager. As a result,
many successful (profitable) traders are being overlooked and end up having no access

to investors capital, limiting their opportunities and narrowing earnings potential for all.
Covesting Copy-trading module allows any experienced trader to launch a trading strategy
in a matter of minutes, share their trading results with the public and compete with other
traders in a transparent environment.
 Covesting 11

Performance results, margin utilization, risk management approach, win/loss ratio and other

metrics that Covesting transparently provides to all users — will speak for themselves.

As such, every user that demonstrates sustainable trading performance as well as solid risk

management can monetize their trading skills and earn income by starting a strategy and

receiving success fees from their followers. The more followers they will acquire — the more

money they’ll make from profitable trading.

3.4 Crypto, FX, Commodities, Indices etc – all markets are supported

Covesting Copy-trading software supports the majority of all trading assets available on the

market today. The platform allows to adjust the settings and add/remove instruments

depending on asset list of the partner platform that will be integrating the Copy-trading

technology.

Supported assets include:

• Cryptocurrencies — All major coins as well as Altcoins. Physical (Spot) and Futures

• CFD’s on Commodities — Brent Oil, Natural Gas, Gold, Silver, Wheat and much more.

• CFD’s on Stock Indices — All major indices including S&P 500, NASADQ, DAX, CAC 40,

Nikkei and many others

• Forex currencies — All majors and over 200 exotic currency pairs.

3.5 Summary

With the features described above, the Copy-trading module creates a synergized

marketplace that brings investors, individual traders and experienced asset managers

together. It’s a scalable peer-to-peer solution where all parties benefit from the module:

successful traders get access to new audiences and sources of additional income, while

users get a broad range of trading Strategies to copy, with the ability to analyze historical

performance in order to make informed decisions.

 Covesting 12

This tool is available for integration under the white label agreement and is a perfect solution
for exchanges and margin trading platforms that want to improve lead generation and boost
their revenues. COV token offers exclusive benefits to all platform users and creates a truly
user-centric economy.

• Top Ranked Covesting Strategy Manager Makes Followers More Than $1M In 2 Months

https://finance.yahoo.com/news/top-ranked-covesting-strategy-manager-185800929.html

• Copy Trading Strategy With 98,911% Return: Possible with Covesting

https://cryptonews.com/news/copy-trading-strategy-with-83000-return-possible-with-covesting.htm

• $3M In Profits For Followers: Top Covesting Trader Shows Platform’s True Value

https://www.investingcube.com/3m-in-profits-for-followers-top-covesting-trader-shows-platforms-true-value/

• A PrimeXBT trader explains how he turned $400k into $8.5 million using Covesting Copy Trading

https://cryptoslate.com/a-primexbt-trader-explains-how-he-turned-400k-into-8-5-million-using-covesting-
copy-trading/

4 Covesting Yield accounts

In many countries across the globe, banking interest rates have been at around 0% for
decades. Therefore, the real value of money actually decreases with every bank deposit
due to the rate of inflation exceeding any interest.

Thankfully, Decentralized Finance (DeFi) crypto staking and other yield generating products
have opened up a completely new experience for people who have been starving for fixed
returns for years in traditional finance. Crypto investors are able to stake their digital assets
and earn interest, in addition to traditional ways of making money in crypto, such as trading.
It has revolutionized digital finance and created a storm that’s still sweeping across

the industry today.

The DeFi space, with its staking and yield-generating services, is still quite new and not that
easy to understand for all. In order to meet the demand for interest-bearing products

in cryptocurrency space, we have built the Covesting Yield Accounts feature that makes
staking and generating APY interest on crypto, incredibly simple.

 Covesting 13

4.1 Product description

Covesting simplifies the process of DeFi staking for people who have no time to keep

a finger on the pulse of the DeFi industry or do the proper research that’s necessary —

Yield Accounts service does all the work for you. There is no need to interact with DeFi
protocols directly or research how yield harvesting works — simply choose the asset,
choose the amount you are willing to stake, and click a button to start earning! In essence,
Covesting Yield Accounts connect you to several decentralized finance (DeFi) yield
generating protocols to offer a highly attractive APY.

Covesting Yield Accounts interface on PrimeXBT.com

Once you have staked a selected coin it will appear in the Current Stakings tab where you
will easily be able to see how much interest has already been earned.
 Covesting 14

You will also be able to find out more information, such as the historical chart of APY applied
to this specific staking, equity curve, and other relevant metrics. You can also terminate

the staking and request to withdraw the amount with accrued interest at any time. There is
no lock up period and funds can be withdrawn once per day, meaning that after the
withdrawal request you will get the full amount plus accrued interest on the following day.
Redemptions are actioned at the end of the 24-hour payout period, and can take a few
hours to be processed.

Transparent staking data inside Covesting Yield accounts

4.2 DeFi staking for all

By launching Covesting Yield Accounts, users with limited technical know-how will be able
to benefit from yield-generating instruments. This is another innovative B2B product that can
be perfectly integrated into cryptocurrency wallets, exchanges, and other finance apps.

Importantly, Covesting Yield Accounts will further enhance the powerful utility unlocked by
the native COV token. COV token allows it`s holders to earn higher (up to 2x more!) interest
comparing to standard rates, creating natural demand for the utility.
 Covesting 15

• PrimeXBT Brings DeFi to the Masses with Covesting Yield Accounts Launch

https://www.financemagnates.com/thought-leadership/primexbt-brings-defi-to-the-masses-with-covesting-
yield-account-launch/

• New Covesting Yield Accounts Drop On PrimeXBT, Offering Easy DeFi Access

https://www.fxempire.com/news/article/new-covesting-yield-accounts-drop-on-primexbt-offering-easy-defi-
access-787128

• Earn APY on Crypto with Covesting Yield Accounts

https://cryptonews.com/news/earn-apy-on-crypto-with-covesting-yield-accounts.htm

5 About COV token

The Covesting token (COV) is the backbone of the Covesting ecosystem, that creates

a user-centric economy on all supported platforms, and offers unique incentive schemes

for a new generation of investors and traders. Whether it’s a trading discount or improved
staking yield — Covesting (COV) token plays an integral role in all our B2B applications.

Contract 0xada86b1b313d1d5267e3fc0bb303f0a2b66d0ea7

Blockchain Ethereum, BSC

Decimals 18

Symbol COV

Max supply 20,000,000

Token Burns Yes

Explorer https://etherscan.io/token/0xada86b1b313d1d5267e3f

c0bb303f0a2b66d0ea7

BSC Bridge https://bridge.covesting.io/

 Covesting 16

5.1 COV utilities

COV utility token allows users to activate one of three membership plans, depending on the

amount of tokens locked. Based on the membership plan chosen — Advanced, Premium

or Elite, users gain access to exclusive benefits and a wide range of rewards and discounts

across all Covesting products. To put it in simple terms — the higher membership tier —

the higher level of profitability can be achieved.

It is also important to note that such locking mechanism supports deflationary nature of the

COV token and supports its value as the number of Covesting ecosystem members grows.

COV token-powered benefits

 Covesting 17

Since all Covesting software solutions are scalable and designed to be integrated into

third-party systems — demand for COV token correlates with the combined activity on all
supported platforms. Additional COV token utilities will be launched as part of the Roadmap
2021-2022, which can be found in the Section 6 of this White paper.

For updated information about the development Roadmap, token utilities and where to buy
COV, please visit Covesting.io

5.2 COV Token burns

Every successful token economy is based on “growing demand — reducing supply”

principle. Besides natural demand for COV token utility by Covesting ecosystem members,
we allocate up to 50% of all platform earnings towards the “COV Buyback and Burn”
program.

Technically speaking, we will regularly (at random intervals) buy COV tokens on the open
market and “Burn” them. “Burning” means that purchased tokens will be sent to

an irretrievable public wallet known as an “eater address” that is viewable by all nodes but
permanently-frozen, with the consequence that the total supply of COV tokens will
decrease. This form of repayment program sets best practices for the token economy, and
simultaneously serves in the best interest of COV holders while improving the value of COV
over time

You can find all previous COV token burn transactions here.

Important! COV token is not available in the United States or other

jurisdictions where transactions in such ERC-20 tokens/
cryptocurrencies as COV is prohibited by law (‘prohibited
jurisdictions’). If you are located in, incorporated or otherwise
established in, or a resident of the United States of America or any
other prohibited jurisdiction, you are not permitted to transact in COV.
 Covesting 18

6 Roadmap 2021-2022

At Covesting we never stop moving forward and adopting to whatever this dynamic industry

brings us. Those who have been following the Covesting project from the very beginning

have witnessed at first-hand how we improved our products all along. We are proud of our

accomplishments, and the achievements that have all been possible due to our talented

team of engineers, solid partners, and of course, the community of long-term project

supporters.

To provide more transparency to our community members, and bring clarity regarding

further Covesting ecosystem development priorities, we have put together this roadmap.

Status as of

Milestone
Nov 24, 2021

Copy-trading

module development

Covesting successfully releases its flagship product — The Copy-trading

module. This innovative tool allows users to choose among the best

performing traders and automatically copy their trading activity.

B2B Partnership. Product integration

Covesting partners with one of the fastest growing margin trading platforms —

PrimeXBT to launch Copy-trading module.

COV token integration

COV token utility integration takes place across all product

COV token burn mechanism released

COV token treasury operations launched — secure deposits and

withdrawals for all existing and future partnerships

Covesting 19

General improvements

• CPA and referral program integrated for Covesting Copy-trading

• Rating/star system based on multiple metrics introduced

• Historical performance column charts for months/days released

• ‘Verified’ status for managers who passed KYC released

• Option for strategy managers to show their trading history released

• Take profit feature for followers introduced and much more.

Risk management improvements

• Trading and risk management related metrics such as win/loss rate,

drawdown etc. go live

• Risk management — max. following limits are introduced

• Risk management — grades are introduced

• Stop-loss feature for followers is released

• Public margin utilization chart released

Covesting Yield accounts development

Covesting successfully debutes Yield Accounts service which allows

anyone to earn daily interest on their digital assets. This product offers users
with little technical knowledge to benefit from yield-generating instruments
that have become so popular in recent times and participate in DeFi
economy with ease.

B2B partnership. Product integration

PrimeXBT proudly announces the launch of Covesting Yield Accounts on its

multi-asset platform.

COV memberships tiers adjusted

Amounts required for COV membership activation are reduced. New

amounts: Advanced — 250$*, Premium — $2,000*, Elite — $20,000*.

* Equivalent in COV tokens

C ovesting 20

Launching COV denominated strategies

Copy-trading platform users will be able to launch strategies denominated

in COV. Followers are able to follow such strategies with COV.

Launching COV margin trading accounts

on PrimeXBT

PrimeXBT platform users will be able to open margin trading accounts

denominated in COV and automatically save 25% on all trading fees when

trading on these accounts.

Utility: Higher profits for Followers

holding COV

COV token utility improved for Covesting Copy-trading module. Followers

will receive higher profit distribution depending on their COV membership

tier rather than initial following equity.

Utility: Higher profits for Strategy managers holding

COV

Additional COV utility for strategy managers in Covesting Copy-trading

module introduced. Strategy Managers who have activated Elite

membership will get a 25% profit share instead of a standard rate of 20%.

Utility: Higher profits for COV denominated strategies

Copy-trading platform users will benefit from higher profit share when

launching and/or following COV denominated strategies. Strategy

managers will get a 25% profit share while followers will enjoy 75% profit

share.
 Covesting 21

Additional protocols for Covesting Yield accounts

Additional DeFi and CeFi yield-generating protocols are connected to
improve returns on the most popular digital assets.

Utility: Improved profit share when the payout

currency is COV (for followers)
Every time a user stops following a strategy (denominated in any currency
such as BTC, ETH, USDT etc.) he/she will be able to choose the payout
currency. If COV is chosen as a payout currency — the maximum profit
share of 75% will be applied on all generated profits.

Utility: Improved profit share when the payout

currency is COV (for strategy managers)
Every time a trader decides to close his strategy (denominated in any
currency such as BTC, ETH, USDT etc.) he/she will be able to choose the
payout currency. If COV is chosen as a payout currency — the profit share
of 25% will be applied on all generated followers’ profits, instead of 20%.

Earning interest on COV holdings

Elite COV members get an exclusive opportunity to stake their COV tokens
in Covesting Yield Accounts and get daily rewards.

Due to the fact that Covesting operates on a B2B model, licensing its innovative technology
to third-party providers such as PrimeXBT, we are primarily dependent on partner
development plans, speed, security protocols, and compliance requirements. Therefore,

the release of specific features can take longer than expected. Note that if new ideas that
significantly impact the business are presented, we may shift the order of priority.
 Covesting 22

7 Our team

Covesting is a unique blend of the innovative spirit and significant trading experience of its
team, which results in creating truly revolutionary, yet very reliable and secure solutions

for the investment industry. One of our primary goals is to ensure that we are ahead of the
curve when it comes to following industry's best practices. We are excited to see where

this dynamic industry will take us next.

Dmitrij Pruglo Founder and CEO

Dmitrij now has over 12 years of experience dealing in various asset classes: FX,
options, futures, equity, commodities, complex OTC structured products and bonds.
He has in-depth knowledge of most trading platforms available on the market today
and has been involved in the development of several algorithmic trading strategies.
After gaining the necessary experience from Saxo Bank, as well as constantly
adapting to the latest developments in the fintech and blockchain industries, Dmitrij
became the Founder and driving force of the Covesting.

Linkedin

Tim Voronin Co-founder and COO

Tim Voronin is an experienced equity and derivatives trader, entrepreneur and early
adopter of cryptocurrency. His first engagement with Bitcoin began in 2012 when he
first included cryptocurrency in his private portfolio. Tim began his trading career

in 2008 as a prop trader at Argo Traders where he was constantly implementing new
trading techniques and grew as a professional, trading on LSE and XETRA during one
of the most turbulent times in market history.

Linkedin

+30 talented team members, including software engineers, blockchain developers, IT

security specialists, designers, analysts, traders, support professionals, and other experts
committed to raising standards in the DLT software development.

We believe that the key to any company’s success lies in its people. We choose the best
industry talents and reward them accordingly. If you have necessary skills and clearly know
how you can contribute to our company — send us your CV at [email protected].
Covesting