Rewards
We're built on the Ethereum Blockchain.
The Covey token represents the share of value you added to the Covey community by contributing investing ideas. The more tokens you earned, the better you performed in our monthly competition. The more tokens you hold, the greater governance you have. Covey’s community of token holders are encouraged to help to continuously shape how we award tokens in the fairest and most meaningful way to holders. Covey’s tokens are an ethereum based cryptocurrency that can be held in your wallet or traded on exchanges.
Covey Token Utility
You can earn tokens.
There are 2 primary ways to earn:
Monthly rewards. This is the fastest way to
accumulate tokens. If your Covey portfolio performs
well in the month, judged by the Covey Alpha
Algorithm, Covey distributes you tokens. The higher
you rank, the more token awarded.
accumulate tokens. If your Covey portfolio performs
well in the month, judged by the Covey Alpha
Algorithm, Covey distributes you tokens. The higher
you rank, the more token awarded.
Engagement. Ten percent of the tokens are
allocated to helping develop and market our
community. Referrals are the easiest way to earn
these tokens. Act quick, this pool of tokens is finite.
allocated to helping develop and market our
community. Referrals are the easiest way to earn
these tokens. Act quick, this pool of tokens is finite.
You can stake tokens.
[Launching Jan 2023]
Increase your monthly rewards by locking tokens
for a minimum of 1 month.
Increase your monthly rewards by locking tokens
for a minimum of 1 month.
Using metamask on your Covey home page,
click "Stake Tokens" to lock up tokens till the
end of the month.
click "Stake Tokens" to lock up tokens till the
end of the month.
Staking tokens can increase your payout by 50%
in Covey's monthly competition. Be careful, while
staking will give you more rewards, if your virtual
portfolio goes bankrupt, your stake is
redistributed back to the community.
in Covey's monthly competition. Be careful, while
staking will give you more rewards, if your virtual
portfolio goes bankrupt, your stake is
redistributed back to the community.
You can buy tokens.
[Launching Jan 2023]
Buy tokens to stake them and increase your
share of the rewards in the monthly competition.
Buy tokens to stake them and increase your
share of the rewards in the monthly competition.
You can vote with tokens.
Tokens give you governance over the Covey
community. Vote on key items like the Alpha
Algo, assets to be considered, and blockchains
to build on.
community. Vote on key items like the Alpha
Algo, assets to be considered, and blockchains
to build on.
You can shop with tokens.
Holding Covey tokens to get discounts on any
investment product built on Covey's community
data. The more tokens you earn the more
discounts you are entitled to.
investment product built on Covey's community
data. The more tokens you earn the more
discounts you are entitled to.
