Overview

The world’s first decentralized investment trading market for cryptocurrencies.

Project stage

Beta version

Detailed description

Coinvest, an emerging startup comprised of Microsoft alumni, is announcing that it will offer a crowdsale of $30 million in COIN tokens to seed the world’s first decentralized stock market for cryptocurrencies, built on blockchain technology. Frustrated with the complexity, fragmentation, and quality of cryptocurrency investment options available on the market, 

Coinvest is determined to democratize cryptocurrencies by creating tools to: - Provide mechanisms for consumers to seamlessly, securely, and safely invest and use cryptocurrencies; - Empower anyone to create investment vehicles for a personally curated index of cryptonized assets using one platform, one wallet, and one coin. 

At the core of its product portfolio is the Coinvest protocol: A blockchain protocol defining investment transactions between users and the Coinvest smart contracts. Supporting the protocol is the Coinvest DAPP. The Coinvest DAPP, empowers anyone to virtually invest in individual or a curated index of cryptonized assets through one coin. To do so, users create virtual portfolios and trade their favorite cryptocurrencies using market buy, limit buy, sell, and short orders. Orders are executed with the COIN token which are sent and held in escrow by the Coinvest smart contract. 

The Coinvest DAPP and smart contracts keep track of all investment data including assets, distributions, etc. Upon executing sell orders, the smart contract releases invested funds and any profits back to the Coinvest DAPP. Users can then spend cryptocurrencies directly from the DAPP using their wallet or Coinvest debit account. All transactions and funds are digitally automated by open-source computer code and are never touched or managed by any third-party.

Problem

Frustrated with the complexity, fragmentation, and quality of cryptocurrency investment options available on the market, Coinvest is determined to democratize cryptocurrencies by creating tools to:

  • Provide mechanisms for consumers to seamlessly, securely and safely invest and use cryptocurrencies
  • Empower anyone to invest in hundreds of different cryptonized assets and indexes using one wallet and one coin.

Solution

Coinvest is a trading platform (and market maker) where users make investment transactions and redeem profit from trades through a process that is completely decentralized and handled by smart contracts.

Features

Simplicity
Investing in cryptocurrencies today is an extremely difficult and a intensive process. Exchanges require KYC authorization which can take hours (if not days) to validate. Coinvest bypasses the KYC process as there is no exchange in fiat currency, assets, and as the Coinvest smart contract is the custodian of your deposited funds. 

Convenience
Securely storing cryptonized assets is imperative but not trivial. Some coins and tokens have different standards and require different wallets. As a consumer, you have to choose between different wallet options (such as hot, cold, paper, etc.) depending on your risk appetite. Storing assets yourself is feasible for some; however, complicated and risk hacking and user-error. With Coinvest, there is no storage of investment assets as all portfolios are completely digital. 

Function
Prices in cryptocurrency can be extremely volatile. Acquiring assets at the wrong price and time can be the difference in gains or losses. There are currently limited investment options that empower users to execute flexible buying options such as shorting and price limit orders. Coinvest is one of the first in the industry to offer this functionality. 

Diversification
Unlike current exchanges, Coinvest offers index funds containing a portfolio of cryptonized assets related to components such as market capitalization, industry, etc. The index funds enable users the ability to invest without individually and actively purchasing assets themselves. Meanwhile, providing broad market exposure, low operating expenses, and low portfolio turnover. 

Autonomy
As of March 2018, there are no investment vehicles that enable investors to curate and invest in an index of cryptonized assets created by themselves. Current investment, index, and mutual funds are managed by third-party asset managers and offer no flexibility and control of the fund itself. Personal curated index funds on Coinvest empower users to control the assets, distribution percentages, rebalances, and withdrawals of their own individual fund. 

Decentralization and Security
Investing in cryptocurrencies require sending funds direct to an exchange or investment fund (which inherently creates centralization and high risk as they are the custodian of your funds). Coinvest does not accept any funds (fiat, cryptocurrency, etc.) or payments direct from users. User funds are held in escrow and controlled by the Coinvest autonomous bot (computer code) within a smart contract in the Coinvest protocol. Users can withdraw funds or close their positions at any time and obtain distributions automatically via the Coinvest smart contract. The Coinvest investment process requires no human involvement or interaction. 

Backed Collateral
All investments made through the Coinvest platform are backed by the cryptonized assets themselves. To ensure liquidity, Coinvest employs two reserves. (Please refer to the Coinvest Reserves section in this document for more detailed information) Investments will only be executed based upon available assets in the reserve, ensuring the security of all users. A percentage of company revenue is allocated for additional purchases to increase liquidity and scale the reserve in relation to growth.

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Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : COIN
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :10,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :107,000,000 COIN
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :52,500,000 COIN
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    Immediate token disribution

    Unsold tokens

    Will be moved into the coin reserve in the smart contract.

      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      09 Mar 00:00 UTC
      16 Apr 00:00 UTC
      0.003 ETH No - 10,000,000 USD 30,000,000 USD
      Pre-sale — Ended
      12 Jan 00:00 UTC
      14 Jan 00:00 UTC
      0.0026 ETH No - 10,000,000 USD 30,000,000 USD
      • Team

        • Damon Nam photo
          Damon Nam
          Founder
        • Byron Levels photo
          Byron Levels
          Technology Director
        • Taylor Rieckens photo
          Taylor Rieckens
          Business Development Director
        • Ramiro Galan photo
          Ramiro Galan
          Creative Director
        • Umar Irshad photo
          Umar Irshad
          Interface Director
        • Kevin Huynh photo
          Kevin Huynh
          Analyticts and Operations Director
        • Dexaran Derat photo
          Dexaran Derat
          Blockchain Engineer
        • "PEERCHEMIST" photo
          "PEERCHEMIST"
          Blockchain Engineer
        • Golovchenko Dmitriy photo
          Golovchenko Dmitriy
          Engineering
      • Advisors

        • Pete Cashmore
          Founder and CEO of Mashable
        • Tony Scott
          Founder and CEO of Tony Scott Group

      Roadmap

      • Summer 2017
        • Market Research and Feasibility Analysis
        • Legal Diligence
        • Company Incorporation
      • Fall 2017
        • Initial Protocol Architecture, Design, and Development

        • Alpha Release
      • Winter 2017
        • Token Offering
        • Private Beta
      • 2018
        • Public Release
        • Mobile Platform Support
        • Debit Accounts
        • Coinvest Wallet API's
      • 2019
        • Coinvest Exchange

      Activity