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The Key To Unlocking Extra Wealth With COV Token

The COV token. You might have heard of it in the past as being a true utility token, where the cryptocurrency is used only natively within an ecosystem of products that also bear the Covesting name. The COV token is also much more than that, as it is the key to unlocking extra wealth that other users of the platform cannot fully access.

Here is an in-depth guide on the COV token, what it does, what it offers to token holders, and the various utilities it unlocks.


What Is A Utility Token?


Utility tokens are a cryptocurrency that is designed to be used or spent to provide access to or certain benefits within various products, programs, or services. Utility tokens aren’t designed for use as a global payment currency or as an investment vehicle, but instead immediately unlocks additional value for token holders within the products and services it is native to.


What Is The COV Token?


The Covesting (COV) token is an ERC-20 token that was created from day one for use within the Covesting ecosystem of products and services. The token, and the tools within this ecosystem all bear the name of the licensed and regulated fintech software developer Covesting. The name on their products is essentially a seal of quality or a stamp of approval that the tool being used is worth the trading community’s time and capital, and utilizes the COV utility token.


What Are The Covesting Products?


Covesting is known best for its copy trading module, but more recently launched a yield generating tool that we will also review in this guide. Here is a closer look at the two tools:


Covesting Copy Trading




Covesting Yield Accounts



What The COV Token Unlocks


The COV token is integrated into both of the above tools. COV token utilities can be unlocked by staking COV tokens, which can be purchased by exchanging BTC or ETH for COV within the PrimeXBT wallet exchange tool. COV utility tokens can also be found on Uniswap or Kucoin.


The more COV tokens that are staked, the better the benefits for users. Benefits are unlocked according to Advanced, Premium, and Elite membership levels.



COV token staking is optional, but clearly provides the most benefits for users of the platform.


How COV Token Can Make You More Money Faster


At any level, the COV token boosts profitability across the two primary Covesting products and services available today at the award-winning PrimeXBT. It is the key to unlocking the most wealth whether or not you know how to trade oil, forex, crypto, gold, or any of the other assets that Covesting traders have at their disposal.


Covesting copy trading and yield accounts give traders the alternatives they need to become profitable, and the COV token lets those very same users make money much faster when combined with the two tools.

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