The moment so many Covesting users have been waiting for is finally here: the Covesting Fund Management Module Beta is officially now live on the PrimeXBT trading platform.
Last year, PrimeXBT announced a B2B partnership with the Covesting team, who has been developing the project since the company’s inception. Now, the Covesting Fund Management Module beta is ready for users to try for the first time.
What the Covesting Fund Management Module Offers The Trading Community
The innovative new tool is unlike anything else found in the cryptocurrency market, and allows traders with high experience levels to create funds for new investors to invest in.
The end result has the two categories of traders profiting alongside one another, in a synergistic and significant way.
Imagine being able to invest into the trades of a legendary professional trader such as Peter Brandt, and being able to profit from the positions and trades he takes based on his over 40 years of trading and technical analysis experience!
Investors, or new traders looking to utilize and leverage the knowledge and experience of more sophisticated traders, can simply invest in one of the many top trader’s funds, and sit back to watch profits pile up at the hands of the more experienced trader’s strategies.
Fund managers earn a profit share of any earnings generated, and investors let their money and other traders do the work for them. The better the public performance rankings of each fund and the more the trader markets the fund to their followers, the larger the overall earnings can grow for all parties involved.
Covesting has created a unique peer-to-peer environment, designed to allow any trader to start his or her own career as a fund manager. However, because all traders of varying experience levels will be allowed to create a fund involving margin trading, these investments carry additional risks. All investors are recommended to conduct extensive analysis prior to investing into any fund on the Covesting Fund Management Module by reviewing performance in the Rating section.
It is important to understand that even the most successful traders cannot guarantee future profits, thus diversifying investments across multiple funds is the often the most effective and risk-averse strategy.
Covesting and PrimeXBT will enable investment functionality later this year.
Report Bugs and Make an Early Name for Your Fund
PrimeXBT is launching the Covesting Fund Management Module as a beta program to start to a subset of users.
Their goal is to allow these early beta users to thoroughly test the platform out to help discover and report any bugs on the platform, as well as being able to get an early start on creating a fund.
Beta testers interested in helping to shape and improve the platform through bug reporting can contact PrimeXBT via 24/7 live support chat, and report all details of the bug for consideration.
In addition to letting users try out the system early, the best part about the Covesting Fund Management Module beta phase is that it allows fund managers to get an early jump start on creating a fund, boosting performance ratings, and being fully ready for investors when the flood gates open on the full launch phase.
Fund Management Module Joins Other Profit-Generating Tools on PrimeXBT
PrimeXBT and Covesting clients interested in registering for the Covesting Fund Management Module beta, must first be a registered user of the PrimeXBT platform.
After registration, users may request early access to the Covesting Fund Management Module beta.
Users with access to the beta program will be able to Create a Fund, Manage a Fund, view public Ratings, and access Portfolio performance data. During the beta phase, no investments can be made to allow ample time for performance tracking to take place so investors can make informed decisions about which funds to choose.
The Covesting Fund Management Module beta is now available on PrimeXBT.