Topic: [ANN][ICO][COVEX] - The Next Generation All In One Digital Trading Platform. (Read 203 times)

CoVEX: Next Generation all in one Digital Trading Platform
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The CoVEX coin, a reward-generating cryptocurrency to its users, implements Incentive for Stake (IFS) model to ensure that every coin holder receives the reward in the form of transaction fees, the CoVEX team has implemented diverse sources of revenue on the platform. The reward of bonus sources includes; Cryptocurrency Exchange, Payment Gateway, Margin Trading and Lending, Prepaid Card Service, Social Trading Platform, P2P Loan Service.  

The bonus will be distributed daily basis. CoVEX not only share bonus but also allows discount and commission too token holders.

Bonus Distribution Model
CoVEX Coin holders will receive revenue in the form of daily transaction fees. The platform will use a cut-off time of between 23:00 GMT and 23:59 GMT as the basis for computing the revenue. At the last minute of each day (23:59 GMT), the Platform will calculate and distribute the revenue.
The net revenue for the system will be computed as follows:
       Net Bonus=Total Platform Fees Collection-Total Discount in Platform Fees
The net revenue will be shared as follows:
   >>30% to the CoVEX holder;
   >>20% to the referrals; and
   >>50% to remain in-house
The bonus for referrals will be split into 3 three categories as follows:
   >>1st degree: Any Pre-ICO holder qualifies for 50% of the referral;
   >>2nd degree: Only for Phase- 2 holders who participates in the Phase 2 ICO, he/she will be entitled to 30% of the referrals; and
   >>3rd degree: Only for Phase- 3 holders who participates in the Phase 3 ICO, he/she will be entitled to 20% of the referrals.
The bonus will be computed as follows:
R, which is the total bonus earned by the CoVEX holder will be computed as follows:
R=(x/y)*0.3*number of coins holds+Referral Commission+Discount
x=Net Bonus
y=Total market Circulating coins (250,000,000-15/100*250,000,000)

Discount model
Any CoVEX holder with more than 3, 000 CoVEX Coins will be entitled to 50% discount in buying and selling fees.

Referral model
Any CoVEX holder who refers a trader to the Exchange will be entitled to 10% commission of every coin that the trader exchanges. This commission will be computed in USD and paid in CoVEX Coins. For one to qualify for the commission fees, he/she must hold CoVEX Coins.