What is Coinvest ICO
Coinvest is the world’s first decentralized investment marketplace. It allows people to invest in segregated and regularized index of digital assets using one coin system. Coinvest has established a platform where users can have a portfolio of digital investment in multiple cryptocurrencies using one wallet, one place, and one coin (token). It is an ERC20 platform that uses ethereum as its base currency to fund smart contracts across the platform.
Investment in cryptocurrency options that already exist involves complexities and fragmentation. Coinvest brings a seamless mechanism to consumers so they can invest in cryptocurrency in a more safe and secure way. It has empowered individuals for creating personalized investment vehicles of a curated index consisting of cryptonized assets. Consumers can use Coininvest for making purchases or sales through a single platform using the same token.
How Does Coinvest Work?
To use Coinvest, consumers need to download Coinvest (Coin) app available on Google Play Store and Apple’s application store for android and iOS-based mobile phones and tablets respectively. Once the app is downloaded, an order can be placed using the app. As soon as the order is initiated, the Coinvest App looks for the availability of funds required to execute the order. After the successful execution, Coinvest tokens are sent to smart contracts to make the purchase or fund the user account. Thereafter, Investment is recorded on blockchain and funds are held in escrow. An updated summary showing the balance and portfolio holdings of the user then gets displayed.
It is pertinent to mention here that the same process applies to selling and purchasing of all investments, the only difference is the liquidation of funds, in case a sale order is initiated.
Earn Coinvest Tokens
Investors who wish to earn Coinvest tokens need to participate in the launching ceremony of the ICO which is expected to take place in January 2018. The pre-sale of the ICO is already underway people can also earn Coinvest tokens by participating in it. People who are looking for some bonus offers need to know that 10% bonus will be offered by the ICO in January 2018. Those who participated in the pre-sale of the ICO have already availed 25% bonus offer.
Buy Coinvest Tokens With E-wallets
Coinvest is an ERC20 token platform which is based on ethereum. Since ethereum is a cryptocurrency and it needs to be stored in e-wallets, therefore, people who wish to buy Coinvest tokens need to have an e-wallet account. The best thing about the ICO is that Coinvest acts as an all-in-one platform. It has its own e-wallet facility available for its subscribers who buy Coinvest tokens and do not have e-wallets.
The ICO Distribution
As per available information, the Coinvest ICO plans to hold its launching ceremony on January 14th, 2018. It will last for about 15 days. The ICO will end on January 31st, 2018. According to whitepaper, 55% of total token supply will be available for the public. The starting price is expected to be around 0.00266 ETH. The funding target of the Coinvest ICO is not defined yet. However, the ICO plans to hold a hard capping of $32400000.
The Coinvest ICO Funds Distribution (100%).
The ICO funds will be distributed in the following proportion;
- 50% funds are allocated for the secondary reserve of Coinvest
- 30% funds are allocated for the development purpose
- 10% funds are allocated for marketing purpose
- 10% funds are allocated for meeting administrative, operating, and legal expenses
Token Reserve Split (45%):
The token reserve of the ICO will follow a below-mentioned proportion;
- 5% of token reserve split was held for Presale phase of the ICO( Bonus included)
- 25% is to be held as COIN Reserve
- 5% is to be reserved for Development of Ecosystem and Partnerships programs
- 10% is to be reserved for Employees and Talent Acquisition programs
The ICO also plans to offer a bonus to the people who contributed in the pre-sale phase of the ICO as well as in the ICO launching ceremony.
The bonus will be offered in the following proportion;
- 25% bonus has been offered to investors who participated in the pre-sale of the ICO.
- 10% bonus will be offered to individuals participating in the ICO launch.
The Coinvest ICO has three core members;
- Damon Nam is the founder and Chief Executive Officer of the Company
- Byron Levels is technology director at Coinvest
- Taylor Rieckens is business development director of Coinvest
Invest in Coinvest
The ICO is going to be the world’s first decentralized cryptocurrency investment platform, offering customized solutions to investors wishing to invest in cryptocurrency. The ICO has its own marketplace, a customized token, and an e-wallet to serve the world without requiring them to go through a complex procedure using variant sources for conducting a simple cryptocurrency transaction. We suggest people should take a chance and invest in Coinvest. We believe people won’t regret their decision.