Covesting vs Kyber Network
What problem does this service solve?
| Covesting is a cryptocurrency exchange with copy-trading features. | The Kyber Network provides instant liquidity for digital tokens across several platforms. They do this by keeping a reserve of tokens, and initially, they will be the sole reserve manager to ensure they have the tokens available. Their goal is to enable anyone to become a reserve manager and earn income by providing liquidity on the network. |
Token Stats
Company Description
Covesting is a cryptocurrency exchange that allows users to copy crypto trading behavior of other traders. The platform offers a range of currency pairs and has a native COV token, that gives holders a 50% discount on trading fees, and is also used as a bonus system for traders whose activity is copied. | Kyber is a decentralized network and exchange that is focused on providing liquidity. Kyber enables token transactions between platforms and aims to make these exchanges of value easier, by connecting different ecosystems and applications. Kyber users can exchange tokens with greater liquidity because the network maintains a reserve of all tokens. Transactions are very fast and are processed via smart contracts that have a derivative functionality where users can hedge currencies to lower risk. Kyber can also be used make payments to anyone, in any token, across any platform. The network is powered by the Kyber token (KNC) that was released in an ICO that raised almost $49 million. |
