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



  • Invest in multiple cryptocurrencies and index funds with one account, one wallet, and one COIN.

    How It Works

    Trade and withdraw investments directly with our smart contract.

    1 Create a Coinvest virtual portfolio with your favorite cryptocurrencies

    Trade and withdraw investments directly with our smart contract

    3 Easily spend COIN using your debit card account

    Benefits

    • Trading Rewards

    Accumulate COIN rewards with every trade on the Coinvest platform.

    • Super Trader

    Make profit from trades in your virtual investment portfolio

    • Index Fund Management

    Collect 50% trading fee revenue from users that invest in your personal index fund

    • Value Appreciation

    Platform adoption, transaction volume, and buybacks increase COIN Value

    Crowdsale Details

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    Token Distribution

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    Token Value

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    Roadmap

    ..

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    Team

    Execution > Idea. Our team has decades of corporate experience with companies such as Microsoft.

    Damon Nam

    FOUNDER AND EXECUTIVE DIRECTOR

    Prior to starting Coinvest, Damon was a sixteen year Microsoft professional. In his last role as a US Services Partner Program Director, he was responsible for 75 partner organizations and over $90 million in revenue. Damon is responsible for architecting and executing the strategy to drive the overall mission for Coinvest.

    Byron Levels

    TECHNOLOGY DIRECTOR

    Byron Levels has 23 years of experience as an IT services professional and has worked for many Fortune 500 companies including Microsoft, AT&T, and American Airlines. Byron is an architect and application developer with a strong focus on e- commerce and business application integration.

    Taylor Rieckens

    BUSINESS DEVELOPMENT DIRECTOR

    Taylor is a sales and business development professional that has driven over 100% year-over-year growth in the past five years as a Sales Director at Another Source. Her experience extends over ten years with Microsoft and Anheuser Busch in various roles leading sales, operations, and resourcing efforts.

    Ramiro Galan

    CREATIVE DIRECTOR

    As the Creative Director for Coinvest, Ramiro drives the creative direction for the company. His corporate experience includes working in various lead creative and branding roles at IBM, Verizon, and 343 Industries (a Microsoft company).

    Umar Irshad

    USER EXPERIENCE AND INTERFACE DIRECTOR

    As the Art Director for Coinvest, Umar drives the art direction, user-experience, and management of all design assets for the company. His experience extends to working with both startups and corporations across many different industries and verticals.

    Kevin Huynh

    ANALYTICS AND OPERATIONS DIRECTOR

    Kevin has built a career in data analytics, most recently graduating from Carnegie Mellon University with a Masters in BI and Data Analytics and managing digital marketing for Hotels.com. Prior to that he consulted as a Senior Data Modeler for many top Fortune 500 companies, including McKesson and Kimberly-Clark.

    Mark Ayad

    FINANCE DIRECTOR

    Mark has over 18 years of corporate finance experience working at Xerox and Moneygram, two of the oldest companies in the world. Mark is an accomplished accounting and finance leader with skills in strategic financial planning, tactical analysis, and revenue management.

    Kim Huynh

    MARKETING DIRECTOR

    Kim has over a decade experience helping startups, SMBʼs, and corporations communicate their story. As a marketing maven, sheʼs helped developed a voice and driven marketing activities for brands such as Adidas, Sunglass Hut, and Estee Lauder.

    Dexaran Derat

    BLOCKCHAIN ENGINEER

    Dexaran is the Lead developer for the Ethereum Commonwealth team. As a blockchain enthusiast, he is heavily engaged in the blockchain community. Dexaran has worked directly with the Ethereum platform team on supporting projects as well as developed the ERC223 protocol.

    Robert Forster

    BLOCKCHAIN ENGINEER

    Robert has been a blockchain enthusiast for more than 6 years. After becoming fascinated with Ethereum, he immediately began coding Solidity. He has led the smart contract development for multiple Ethereum companies and is now the lead blockchain developer for Coinvest.

    Alexander Kravchenko

    ENGINEERING

    Alexander is a Senior full-stack engineer and provides architecture oversight and quality assurance to all Coinvest development efforts. He previously worked at WeezLabs as an IT Engineer where he architected and developed high-load and e- commerce solutions.

    Elena Troyanskaya

    ENGINEERING

    While Elena is a full stack engineer with experience in technologies such as AngularJS, RoR, AWS, etc., she is responsible for the development, infrastructure, and security of the Coinvest backend.

    Dmitriy Golovchenko

    ENGINEERING

    Dmitriy is a pixel-perfect responsive front-end web development ninja with experience using technologies such as AngularJS, HTML5, CSS, and more. Dmitriy is responsible for all front-end engineering for Coinvest.

    ..

    ...

    Demo:https://goo.gl/tfKrfi

    Documents:

    Press:https://docs.google.com/docume...

    White Paper:https://docs.google.com/docume...

    Sec Howey test:https://docs.google.com/spread...

    FAQ:https://docs.google.com/docume...

    Links:

    Website:https://coinve.st/

    Telegram:https://t.me/CoinvestHQ/

    FAcebook:https://www.facebook.com/Coinv...

    Github:https://github.com/CoinvestHQ

    Reddit:https://www.reddit.com/r/Coinv...

    Twitter:https://twitter.com/CoinvestHQ

    Blog:https://medium.com/@CoinvestHQ

    Bitcointalk:https://bitcointalk.org/index....

    Youtube:https://www.youtube.com/channe...



  • Update on the Coinvest Private Beta MVP

    Since our journey started this Summer, our team developed our token and smart contracts. Both of which are available on GitHub at: https://github.com/CoinvestHQ/COIN

    Our Ropsten test network Investment contract address is: 0x2e6d78558b6287f0f3fadc4814550f55234aac2f.

    The general public is free to test all functions by interacting directly with our smart contracts.

    Our goal in the middle of November was to complete our end-to-end MVP before the end of 2017, (which included a web front-end for users to test through our user-friendly interface instead of an ABI / JSON interface). At present, we are behind on our target and did not meet our goal of releasing this last week. During the last two weeks, we experienced some delays due to holiday schedules and failed delivery commitments. However, there are no excuses. We take full responsibility for not meeting our communicated deadlines to our community and have made changes to our team and process in order to improve moving forward.

    We apologize and will get better.

    While functioning, the current build of our MVP is not at a stage that aligns with the quality, security, and expectation that our users expect from the Coinvest brand. With this being said, we feel that we’ll be able to get to our destination and have our MVP available in the next couple of weeks.

    In the meantime, we’ve created a user interface demo for you to preview the initial design, flow of the platform, and demonstrates how trades will be executed. We would love your feedback on the overall design and experience.

    Click here to view the project `MVP`
    This prototype brought to you by InVisionAppinvis.io

    Please note that the actual design and interaction is likely to change upon our public release later in Q1. Our strategy for our upcoming minimal viable product is to provide a proof-of-concept that:

    • Validates the interactions with our smart contracts and the blockchain as architected and expected
    • Gathers feedback from the community for adjustements, fixes, and refinements

    We will continue to work hard in order to drive development to completion within the coming weeks. We have also recently hired a new engineering resource (with years of experience from IBM and Shopify) that will work alongside our current team to help execute our vision beyond the MVP itself. We’ll look to make a number of these announcements soon and will keep you updated upon our progress.

    For more information, please visit our website at http://coinve.st.

    Join our Telegram to join our community conversations or say hi to us at any of the channels below:



  • COINVEST PROTOCOL AND SMART CONTRACTS

    The Coinvest protocol is the heart of the platform while the smart contract functions contain logic that is executed when a token exchange, transaction, funding, and distribution occurs. The protocol can be accessed directly using the following contracts:

    • Token Offering Contract

      • Private Whitelist and Crowdsale Functions

    The private whitelist and crowdsale functions contain details and actions specific to the public token offering. This includes, but is not limited to the ability to purchase tokens and variables such as initial token price, discount rates, and more. The COIN token crowdsale variables are based upon the details outlined in the crowdsale section of this whitepaper.

    • Investment Contract

      • Invest Function

    In the event of an investment, this function will execute, confirm, and anchor investment data to the blockchain. This protocol is also referred to as InvestChainᵀ  ᷟ below. Additional variables specific to this use are recorded to the blockchain for record history and smart contract execution. Investment portfolios require a full deposit of COIN approved by the user, and sent by the DAPP to the smart contract. The funds are held by the Investment Contract until they are sold and withdrawn by the user at a later date (initiated through the Coinvest or partner DAPPs). Thus guaranteeing non-custody of the funds by a human body throughout the entire investment process.

      • Liquidate Function

    This contract handles the distribution of the fee schedule when the <sell> function has been initiated. The distribution supports the core Coinvest DAPP as well as custom DAPPS created and operated by others.

    • Oracle Contract

      • Oraclize Function

    The Oracle contract will use Oraclize to frequently update market prices of the different cryptonized assets on the Investment contract.

    • DAO Contract (Future)

    The DAO contract will be implemented in the future and will allow all COIN holders to vote in new contracts to replace old ones. To begin with, these contracts will all be combined, disallowing the owner wallet the ability to switch out contracts with no approval while providing maximum security. However, contracts will be split up and put under DAO control to enable easy updates.

    • User Database Contract (Future)

    This contract saves all investment data on the holdings of each user. Once the DAO is created, compartmentalizing this contract from the Investment contract will allow updates of the Investment contract without affecting users.

    All data in all cases above can be validated by the Ethereum network nodes.

    Coinvest InvestChainᵀ  ᷟTechnology

    The COIN protocol utilizes InvestChainᵀ  ᷟ, a technology created by Coinvest that anchors transaction data to the blockchain. In other words, provides a receipt of investment history for each on-chain trade. This receipt provides irrefutable proof of the investment data recorded at a specific time. Thus, preserving data integrity and increasing overall trust in the industry. Each receipt contains the following elements:

    • Buy timestamp

    • User wallet address

    • Index name

    • Cryptonized asset name(s)

    • Cryptonized asset price(s)

    • Cryptonized asset allocation

    • Amount invested

    • Sell timestamp

    To provide complete trust and transparency, Coinvest will also create tools to validate these receipts, as open-source components for commercial use for the public. (Similar to cryptocurrency explorers, transaction data can be retrieved by way of different variable)


    Coinvest will also develop API’s that enable partners in the COIN token ecosystem to accept the COIN token as a method of exchange AND provide complete transparency and validation to their users as well.



  • Coinvest Welcomes New Corporate Talent

    As Coinvest continues to rapidly grow, we’re excited to announce and welcome new team members to the Coinvest family. Coming from diverse backgrounds and multiple disciplines, these talented individuals bring their passion and expertise to the company, helping to grow and realize our vision.

    Mike Pretti, Full Stack Software Developer

    Mike Pretti has been programming and developing for over 20 years. His began in the field learning how to peek and poke a Commodore Vic 20. This eventually led to a Bachelor of Mathematics while studying at the University of Waterloo. It was at that point he launched his professional career as a Software Developer working for companies such as IBM, Credit 1, QuoteMedia, and most recently Shopify. Always fascinated with patterns, numbers and games naturally caused him to explore how to play in the equity markets. Mike owned and operated a proprietary trading firm that used a mix of fully automated and hybrid algorithmic trading systems to take advantage of opportunities upon the introduction of decimalization, dark pools and ECNs into the equity markets.

    He is now excited to help create a decentralized exchange, making it easier for the masses to take advantage of the cryptocurrency market. Keeping him equally busy and happy are his two children, spending time at the cottage, preferably with a good non-fiction and a dusty scotch.

    Rachel Novosad, Communications Manager

    Rachel Novosad is a PR and marketing professional joining Coinvest to drive the creation and execution of its overall communications strategy. Originally hailing from the east coast, Rachel studied Public Relations and Psychology at Penn State University. Rachel’s expertise comes from her experience across various fast-paced industries — working for technology and entertainment companies such as Hulu, Adobe and Discovery Communications, numerous up-and-coming startups and brands, and owning her own PR firm, Rebel Coast Media. Rachel is excited to join the rapidly evolving Coinvest team, bringing her passion for developing brands and connecting companies to their audience through creative marketing campaigns, media relations, social media growth, compelling content, events and more.

    Apart from her professional interests, Rachel loves to travel and spends her winters trading the beaches of sunny southern California for chasing powder in the mountains.

    Varija Yelagalawadi, Operations Manager

    Varija Yelagalawadi is a project and operations manager joining Coinvest with experience across various industries. Her deep love for process was first piqued in university, where she pursued a degree in Public Relations. She discovered a penchant for operations in the early days of her career and continued to expand her interests by taking on roles in account management and community relations. These led her to a role at Adobe, working as a community manager within the IT organization. Over the course of four years, Varija worked in varying capacities across Adobe — most recently in a project management position on an experience strategy team. This role launched her excitement for crafting a seamless, agile experience for customers and employees. She brings this excitement to Coinvest and is thrilled to join and support the team.

    When she steps away from work, Varija finds herself in San Diego, taking in lots of sunshine and hunting down the perfect pastry shop.

    Welcome Mike, Rachel and Varija!

    For more information, please visit our website at http://coinve.st.



  • Coinvest Strengthens Platform With Product and Strategic Partnerships

    We’re proud to team up with several product and strategic partners, who offer leading services in their respective fields. Together, we’re developing a strong partner ecosystem to support the infrastructure of our vision to democratize access to and ease of investing in cryptocurrencies.

    Product Partners

    On the product side, we have partnered with Civic, CryptoCompare, Oraclize, and Changelly in order to optimally accomplish critical functions within their platform such as security, pricing, and more.

    Civic Secure User Authentication

    Civic is a secure identity verification provider, giving businesses and individuals the tools to control and protect identities. Civic’s blockchain identity-verification technology allows consumers to authorize the use of their identities in real time. Coinvest has partnered with Civic to provide optimal security for its users, leveraging Civic in handling secure authentication.

    CryptoCompare / Oraclize * Price Oracle

    Coinvest partners with CryptoCompare.com and Oraclize for accurate and secure price data in order to ensure the security and fairness of its platform. Coinvest’s platform price oracle pulls pricing data from CryptoCompare.com’s API while using a secure tunnel from Oraclize to protect the transmission of that data. The Oracle contract within the Coinvest protocol will use Oraclize to frequently update market prices of the different cryptonized assets on the Investment contract.

    * Please note that this is for our MVP demo only. For our product release, our price oracle will leverage a custom price DAO for no single party control.

    Changelly Asset Exchange

    The Coinvest App is a secure multi-asset wallet that gives users a platform to secure, exchange, and manage cryptonized assets inside of the same platform where investments occur. In partnership with Changelly, Coinvest’s wallet allows users to securely and seamlessly exchange COIN to any other major cryptonized asset (and vice-versa), supporting the sending and receiving of cryptocurrencies from one wallet to another.

    Strategic Partners

    On the strategic side, we have engaged in partnerships with Olshan Frome Wolosky, Jumio, Hosho, and the Enterprise Ethereum Alliance to aid in compliance, operations, and growth for the company .

    Olshan Frome Wolosky Legal Counsel

    The legal team from Olshan, Frome, and Wolosky have been a part of some of the largest and prestigious offerings in the blockchain industry including Filecoin, Overstock, and more. They offers responsive, independent and client-focused counsel provided by the firm’s senior attorneys. Coinvest has partnered with Olshan Frome Wolosky for legal counsel and compliance under the regulations required by the United States.

    Jumio KYC Compliance

    Jumio uses computer vision technology, machine learning and live verification experts to verify credentials, connecting a person’s online and real-world identities. Coinvest leverages Jumio technology to ensure KYC compliance during the tokensale contribution process.

    Hosho Security Services

    Hosho is a global leader in blockchain security that specializes in audits, penetration testing, and executing bounty programs. Coinvest engages the team at Hosho for professional security services including smart contract auditing and website penetration testing.

    Axisblock / Amplifi Capital Investment Partners

    AxisBlock and Amplifi capital are early adopters and capital investment funds that have been involved in the crypto capital markets for the past few years. In addition to capital investment, AxisBlock and Amplifi Capital are strategic investment partners that aid in providing advisory services to our team and overall execution.

    Enterprise Ethereum Alliance Development Alliance

    As a member of the Enterprise Ethereum Alliance, Coinvest works alongside other companies such as Microsoft, Intel and more in order to help broaden the exposure, development, and growth of Ethereum as a platform.

    For more information, please visit our website at http://coinve.st.

    Join our Telegram to join our community conversations or say hi to us at any of the channels below:



  • Coinvest Token Sale Security

    Steps to ensure your security during the Coinvest token sale process

    Our token sale commences on March 9th, 2017. The security and well-being of our community is one of the largest priorities for our company. All users and potential investors should feel safe, secure, transparent, and ensure trust within our platform.

    In light of the token sales from Enigma, CoinDash, BeeToken, and more, we at Coinvest want to ensure the safety and security of our community to the highest degree. All in effort to prevent hacks, misuse, and security compromises to the platform and overall community.

    Security and trust are the two important priorities for our company. The following are the actions that our company will take in order to protect our community members for our token sale and beyond:

    • Security Audits — With the help of Hosho group, a leading blockchain security firm, we have performed:
    1. Security audits and remediation on our smart contracts
    2. Penetration testing and remediation on our website
    • SSL — Our website will employ SSL to enable secure connections between the web server and browser
    • Security Maintenance — Coinvest will deploy the latest fixes and patches on all technology components related to the business to remediate any bugs or potential security holes.
    • ENS Domain — We have secured a .ETH domain that will be used to accept funds. The .ETH domain will be revealed on the first day of the token sale on our website and will route to our respective ETH address. Deploying a .ETH address ensures one easy-to-use human-readable address that will prevent mistyping or scams that are requesting funds to a different address. More information on ENS domains can be found here.
    • 2FA — Coinvest will enable two-factor authentication in all areas possible to ensure the security of our community members. This includes, but is not limited to, Telegram, company email, etc.
    • Hardware cold wallet storage — Reserve funds will be stored in a cold hardware wallet while private keys will be managed by the Coinvest executive team (A hardware wallet is also less liquid than other options which ensures that funds are leveraged diligently for company purposes only supporting our mission)
    • User record — Users participating in our token sale will be required to create a Coinvest account which ties the account to an token sale transaction for complete transparency. These extra steps also prevent hackers and scammers from doctoring fake websites to mimic our token sale process and collect unauthorized transactions.
    • CaptCHA — Coinvest will employ CaptCHA verification during the token sale purchase process to prevent bot purchases or activity
    • Company Passwords — All company passwords will be changed to uniquely different passwords for all services during the token sale
    • Planned Email Communications — Our company will only send planned email communications during the token sale process. This will occur on March 6th before the token sale begins. All other emails that attempt to represent Coinvest or the COIN token should be considered fraudulent, unauthorized, possible phishing attacks, and avoided.
    • Verified Communications — At Coinvest, we want to be the authoritative source for all communications. Especially during the token sale process to prevent scams and fraudulent activity. Therefore, communications will occur only from the following accounts on the Internet:
    1. Email — coinve.st domain
    2. Telegram — CoinvestHQ
    3. Reddit — Coinvest
    4. Bitcointalk.org — CoinvestHQ
    5. Facebook — CoinvestHQ
    6. Twitter — CoinvestHQ
    7. Medium — CoinvestHQ

    Any communications from other accounts claiming to represent Coinvest should be considered fraudulent and avoided. This also means we will not offer bounties where others are speaking on our behalf.

    If you have any other suggestions or suspect suspicious activity that could potentially compromise the security of our platform and community, please email [email protected].

    We truly hope that these actions reinforce our stance on the importance of security for our platform and community members. Coinvest recognizes that our community is only as strong as the members it represents. By taking these steps, we can all collectively help each other to represent our best interests and ensure the security and safety of everyone involved.

    For more information, please visit our website at http://coinve.st.

    Join our Telegram to join our community conversations or say hi to us at any of the channels below:



  • Coinvest Community Programs

    com·mu·ni·ty

    kəˈmyo͞onədē/

    A feeling of fellowship with others, as a result of sharing common attitudes, interests, and goals.

    When we started this journey last Summer, our strategy was centered around three things:

    • Product (engineering and development)
    • Team
    • Community

    As you can see, our strategy excluded a focus on marketing while preventing actions that create artificial demand and any possibility of a pump and dump. Unlike other companies in this space that are “hype trains” with no substance beneath them, our preference has been to grow methodically through organic marketing, execution, a sustainable business model, and a great community. As a result of this focus, Coinvest has developed a strong organic following resulting in:

    • 16K+ Telegram members
    • 4K+ Twitter followers
    • 2.5K+ Facebook fans
    • 34K+ Views on our BitcoinTalk ANN thread
    • 39K+ Email subscribers

    This is a long-term journey for us. We at Coinvest, understand that the top companies in the world have a strong foundation built on community. We recognize that we are all one team and that our company’s success relies on a collaborative partnership with our community. To that end, we are excited to announce two programs to help us continue to stay aligned with all of you.

    Meet the Team Program

    In addition to our social channels, we want to have an open line of communication with members from our community. Therefore, we are launching a “Meet the Team” promotion to randomly select five people from our community to fly to New York and have dinner with our team, advisors, and visit our office. It’s a simple promotion with simple requirements. The promotion begins March 3rd and runs through April 30th. On May 1st, we will randomly select community members and will contact them directly, via direct message on Telegram to arrange logistics.

    Eligibility:

    • Everyone!

    Requirements:

    • Must be a member of the Coinvest telegram channel athttps://t.me/coinvestHQ
    • Must have Twitter and Facebook accounts and follow @CoinvestHQ

    Coinvest Brand Ambassador Program (for COIN)

    In our experience, bounty campaigns tend to focus on quantity in order to reach as many people as possible. As a result, the outcome of these communications are generally low-quality and from less credible resources. Additionally, relationships with bounty participants are short-term events and end abruptly post-ICO.

    At Coinvest, we are interested in developing long-term sustainable relationships to attain real organic dialog on all positive and negative aspects of our business. Additionally, to provide mechanisms to acquire COIN through programs beyond our token sale. We are excited to launch the Coinvest Brand Ambassador program for individuals that are passionate about helping evangelize our mission.

    Eligibility:

    • Everyone!

    Requirements:

    • Must be a member of the Coinvest telegram channel athttps://t.me/coinvestHQ
    • Must have Twitter and Facebook accounts and follow @CoinvestHQ
    • Be the voice and representative of Coinvest in your region and / or virtual community
    • Drive awareness and execute marketing campaigns to spread the word about the company
    • Organize an annual meetup in your city to host authorized Coinvest team members
    • Identify and facilitate partnership opportunities where possible
    • Provide feedback to our marketing team on community feedback
    • Beta test platform innovations
    • Must have online social profiles
    • Interview with team

    The ideal ambassador:

    • Will have a passion for helping others
    • Is a respected voice within their community and industry
    • Has a general following online in various communities and / or social networks
    • Is only interested in long-term relationships and advocating for one brand

    Benefits:

    • COIN tokens! (Amount is dependent per geography)
    • Swag (Stuff we all get)
    • Valuable experience
    • Most importantly, social good and impact

    Target Locations:

    • Dubai
    • Mumbai
    • Moscow
    • Ho Chi Minh
    • Singapore
    • Hong Kong
    • Zug
    • London
    • Tokyo

    To apply, please email[email protected].

    We hope that these two programs reinforce our commitment and long-term interest in staying connected with our community. As Coinvest continues to evolve, we intend to launch more programs and efforts to achieve this.

    For more information, please visit our website at http://coinve.st.



  • Coinvest COIN Token — An Official Security

    As a US based company, we have a commitment and interest in ensuring full compliance to protect the best interests of our users, investors, and overall company. This includes the legal requirements set forth by governing bodies such as the United States Securities Exchanges Commissions, Commodity Futures Trading Commission, and more. As many of you are aware, we experienced delays in the processing of our legal agreements in February. Given our commitment to compliance, we postponed our token sale from February 16th to March 9th.

    Today, we are happy to announce that we have filed COIN token as a security token while classifying the Coinvest token sale offering using form D 506(c) — Reg S.

    Our Form D filing can be located on theUS SEC Edgar database by querying by Company Name “Coinvest”.

    In an industry filled with scams, non-compliance, and bad behavior, we hope that our leadership around compliance, demonstrates our values and commitment to ensure the long-term success of our company.

    For more information, please visit our website at http://coinve.st.



  • Coinvest Token Sale Waterfall Analysis

    Just as curious as many of you… we’ve been wondering why our current current investment contribution numbers are significantly lower than what our data has suggested over the past couple of months. As a data driven company, we performed analytics and a waterfall chart to uncover more pieces to the overall story.

    Before we begin, let’s provide some context:

    • Since the middle of November, we received $191M in overall registered investment interest

    Max Contribution

    There was a population of investors who registered with an investment size greater than 50 ETH. For whale protection, we instituted a 50 ETH max cap limit per investor in our smart contract. While we received approximately $191M in registrations, this amount was immediately reduced to $150M of potential investment after implementing this cap. One factor we overlooked was taking into account any price weakness in ETH (which then in turn reduces the price and buying power in max contribution). Although we didn’t have many people actually hit our max contribution in our token sale, it impacted the registration figures, which we were previously using $1,000 to calculate a max cap. This that actually equated to $130M with the last-minute drop,  $60M impact.

    Market

    Over the past two months, we’ve seen the capitalization of the cryptocurrency markets decrease 50%. As a result, the buying power of our investors was significantly reduced. The weighted average of the ETH price of all registrations was $1016 while the price of ETH when we started our token sale was ~$700. We saw a direct correlation between our registrations and the movement of crypto prices. There are also other psychological and investment factors involved in the investment decision process. For example, many investors that purchased ETH at $900 or above, had investments that were underwater and did not want to liquidate at a loss, to invest in another asset. After this we have about $90M of indicated interested.  $40M Impact.

    US Investors

    There was a population of investors from the US who registered for our offering; however, did not get verified prior to our verification process closing. Additionally, many US investors did not meet the US accreditation requirements. $3M Impact.

    Private Whitelist Investors

    Although we did have some repeat investors from our private whitelist offering, we couldn’t assume that the interest from our registrants in our private whitelist offering would remain or be applicable to our main token sale. $2M Impact.

    Average Contribution Amount

    After announcing our max contribution cap in our smart contract, our average investment amount was just over $5,000 per registered investor. During our token sale we have seen an average contribution amount around $1,000 per investor. Many other factors have overlapped with this lower contribution amount including a lack of confidence, weakening market, and more.  $65M Impact!

    Tech

    We experienced a number of technology related issues the morning of our token sale due to a combination of DDOS attacks, high traffic, and our mail delivery service shutting down our service (due to high volume during a short period of time — Thanks Mailgun! 😡). It’s hard to quantify an accurate average contribution amount and estimated drop off as a result of tech issues.  $6M Impact

    Intent

    As expected, not everyone that indicates interest will invest. We experienced a conversion rate of 40% during our private whitelist offering. However, a far less smaller conversion rate during our main token sale. (This statistic can be offset by those that invest but are not registered).  $10M Impact

    Scammers

    We are still gathering data on this point, as there were multiple scam attempts, imposter accounts, and fraudulent wallet addresses. It’s difficult to quantify the exact amount of people that have been impacted including the amount of missed investment due to scams. Investors with FOMO ignored our recommendations including our security tips video, token sale guide, and warnings on social media. From the fraudulent wallet addresses we are aware of, the impact is a minimum of $85,000. While a 1–2% scam rate is standard for most token sales, any amount higher than $0 is unacceptable.  ~$125K Impact

    Other

    Postponing

    Delaying our token sale to complete our legal agreements and SEC filing to include US investors slowed our momentum. Although not necessary, excluding the US would have gone against our mantra of bringing cryptocurrencies to the masses. We aspire to be a leader in compliance and regulation within the industry. Therefore, the decision to postpone our token sale was a no-brainer. However, this decision resulted in a longer wait cycle and a buzz-kill for investors.

    Duplicates

    Although we performed a deep data scrub and normalized data, inevitability there could have been more duplicate entries (particularly for our private whitelist registrations as investors thought that they would have higher chances at entry).

    We hope that this data and our analysis, sheds more light into the current results of our token sale. We will continue to execute to increase our overall raise; however, please note a $5–10M raise is still enough runway to support our overall mission and roadmap. (Please keep in mind that in the VC world of Silicon Valley, a $5–10M raise is typically a Series A round)

    A full raise of $30M would have allocated $15M into our reserves, allow the company to take business risks, and deploy a number of initiatives to broaden the Coinvest brand. A raise of only $5–10M increases our reserve size to $20–25M (as unsold tokens are moved to the reserves) and still accomplishes our goals; however, puts us in an environment in which we are focused on a core set of products, take little risks, and ensure full diligence in our operating expenses.

    In our current environment, we still feel very confident with our roadmap, team, and ability to execute our mission. We ask for your support in continuing to believe in Coinvest for the same reasons that sparked your interest in our company from the beginning. We are fully committed in this journey together and won’t let you down.

    For more information, please visit our website at http://coinve.st.

    Join our Telegram to join our community conversations or say hi to us at any of the channels below:



  • Coinvest MVP Demo Announcement

    The road to autonomous and transparent investing is now available.

    We started working on Coinvest this with a mission to provide decentralization, autonomy, and transparency investing in cryptocurrency. Today, we are one-step closer to achieving that mission.

    Since last Summer, we’ve made a lot of progress including incorporation, business planning, recruiting, securities filings, and business development with partnerships. From a technology perspective, we developed solution requirements, wireframed, designed, and developed the Coinvest platform and smart contracts. Today, we are pleased to announce our MVP demo program to the community.

    The Coinvest App and smart contract empowers anyone to invest in hundreds of different cryptonized assets or indexes all through one coin.Starting today, our MVP demo is made available to allow a broad user base to test and evaluate the platform on TestNet using sample investment transactions. This means that everyone can fully test the functionality of the platform in a controlled sandbox test environment using imaginary data and funds. More specifically, buy, sell, and inverse buy orders while viewing the results of the transactions on the blockchain.

    Instructions for testing the Coinvest MVP demo are located in our guide. This is an opportunity to gain feedback from the community to ultimately shape the Coinvest product to your needs. At the end of the beta, all test data will be permanently deleted from the system.

    We’re genuinely excited to see what you discover and how we can improve the experience. Our MVP is merely an opportunity to demonstrate the potential of the Coinvest solution and will look and function differently upon release. (In fact, we’ve already begun the upgrade of our COIN protocol V2.0) We welcome all feedback including bugs, improvements, feature requests, etc. Should you have any questions or feedback, please feel free to email us at[email protected].

    While this is a major milestone for our company, it’s merely a stepping stone in the path of achieving our mission. We look forward to your feedback and overall help in shaping the Coinvest platform to meet the needs of our users and the overall community.

    For more information, please visit ourwebsite. Should you have any questions, please reach out to us on our Discord.



  • Coinvest Joins Leading Blockchain Companies in Move to Malta

    In the past two years, the blockchain industry has made significant progress in adoption, popularity, and the number of supporting constituents (companies and countries) around the world. Companies such as Microsoft and Google have seen the potential of blockchain technology and have created dedicated teams to explore and develop solutions to advance their business. Meanwhile, national jurisdictions have taken notice and begun their own efforts to drive further innovation for their individual country. We at Coinvest, are committed to this innovation and are taking full advantage to create our place in the world’s next major revolution.

    Risk always rewards the innovators that aren’t afraid to change the world. Unfortunately, the industry hasn’t been met with open arms across the globe. Given the level of openness and transparency blockchain technology employs, various nations have viewed cryptocurrencies as a threat to their economy while others are embracing it with open arms. Countries that actively support blockchain technology include, but are not limited to, Singapore, Switzerland, Estonia, Japan, UAE, and Malta. As a result, these trailblazers are actively experiencing a rebalancing of talent and companies relocating to each of their respective countries.

    Our future depends on the support of legal jurisdictions that do not stifle innovation and encourage open, transparent markets — ones that aren’t afraid to redefine the world with new business models. While the United States is a haven for some of the largest companies in the world, we at Coinvest need to align with constituents that are pro-blockchain. As a startup, Coinvest has to efficiently use its resources to drive innovation and value. Therefore, to maximize resources, we need to minimize risk by removing all barriers (including legal) that can potentially disrupt our business.

    In support of the leadership from Prime Minister — Joseph Muscat and Malta’s progressive stance on cryptocurrencies and blockchain technology, Coinvest is announcing the support and relocation of our business from the United States to Malta.

    We intend to support the country with our corporate expertise and create hundreds of new jobs for the local economy. Our executive team is actively working with Silvio Schembri, the Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta to lead a new level of innovation for both blockchain technology and government itself. Through a collaboration with the Maltese government, we are exploring the creation of a blockchain technology council with the likes of other companies that have recently announced corporate support to Malta such as Binance,Monaco Card, and Tron. We’re proud to join the ranks of leading blockchain technology companies in aligning with Malta’s progressive stance, in the collective effort to create a new digital economy and grow the blockchain industry to new heights.

    For more information, please visit ourwebsite. Should you have any questions, please reach out to us on our Discord.



  • Coinvest Ratings Around the Internet

    We’ve worked many long hours since launching Coinvest last Summer and we are extremely grateful that others have recognized our hard work and potential. To that end, we’ve compiled a list of sites that have reviewed our business and provided a rating. (Please note that these rating frameworks are not standardize across the industry and are subject to each individual website’s rating system.)

    ICObench — 4.3 out of 5

    TrackICO — 5 out of 5

    ICO Crunch — 4.7 out of 5

    ICO Holder — 4.35 out of 5

    ICOTOKN — 5 out of 5

    ICOmarks — 8.9 out of 10

    ICOStock24 — 4.6 out of 5 and a Top ICO of the Week

    FoxICO — 8.5 out of 10

    Kryptovergleich — 4.8 out of 5

    ICOStock24 — 4.6 out of 5

    Bitcoinnoobs — 8.2 out of 10

    TechInsider — 4 out of 5

    Coin Khoj — 8.5 out of 10

    Even though we have been approached by various ICO listing / rating sites, we are proud and can confidently state the we have never paid for any reviews or ratings. At Coinvest, we believe in pure organic results (that are a direct result of our hard work) and will never pay-to-play or attempt to influence these figures. We appreciate these websites for their honest feedback and look to forward to continued innovation in order to maintain or increase our perception in the market.

    For more information, please visit ourwebsite. Should you have any questions, please reach out to us on our Discord.



  • Coinvest Announces Premium Hardware Wallet with Innovative Design and Architecture to Securely Store Cryptonized Assets

    The Coinvest hardware wallet complements the Coinvest decentralized investment trading platform and offers a single integrated solution to securely invest and store cryptonized assets.

    DALLAS, TX - Coinvest, an emerging blockchain startup comprised of Microsoft alumni, is announcing the details of their hardware wallet that offers consumers a secure end-to-end solution to complement the Coinvest decentralized investment trading market for cryptocurrencies.

    The Coinvest hardware wallet offers state-of-the art design and architecture featuring:

    • A cryptographic coprocessor with secure hardware-based key storage and asymmetric and symmetric cipher support
    • Linux operating system using a SAMA5D2D pre-PCI certified processor
    • 4.3” LED backlit full touchscreen display with 480x272 resolution
    • FIDO/U2F support to use COIN wallet as a security token for two-factor authentication
    • A single USB-C connection with support for authenticating desktop and mobile devices
    • A dedicated screen and authentication chip to protect consumers even if the host computer is infected with a virus or malware
    • Support for Bitcoin, Bitcoin Cash, Ethereum, ERC20 tokens, and more

    Unlike current solutions on the market that leverage pure MCU-based solutions such as the Ledger and Trezor, Coinvest has chosen a pre-PCI certified processor to mitigate the security risks that competing platforms possess, while maximizing graphics capabilities for an experience that is second to-none. The wallet also has a single USB-C connection with support for authenticating desktop and mobile devices. With premium materials and a size equivalent to a credit card, the Coinvest wallet provides consumers an all-in-one portable personal security solution in a strikingly beautiful design.

    The Coinvest hardware wallet integrates with the Coinvest investment trading platform to offer an end-to-end solution to securely invest and store cryptonized assets. In addition to the storage of popular cryptocurrency protocols such as Bitcoin and Ethereum ERC20 tokens, the wallet will have an integrated password management application and FIDO/U2F support to use the wallet as a security token for two-factor authentication. The Coinvest wallet development API will empower developers to build secure apps to use with the wallet as well as offer compatibility with other leading wallet solutions such as MyEtherWallet, MyCrypto, and more.

    Alongside the hardware wallet, Coinvest will be offering a case for device protection. The hardware wallet case features three slots to hold credit cards with one slot as an option for the modular money clip. Two fitted magnetic slots secure the hardware wallet and travel cable in place. The case features a variety of premium textures and colors to fit all personal styles. The combination of the Coinvest hardware wallet and case offers a single solution to carry cash, credit cards, and cryptocurrency together in a package slightly larger than the size of a credit card.

    Coinvest is partnering with leading hardware and security firms, Cardinal Peak and Cryptotronix, to bring the wallet to market by early 2019. The Coinvest wallet will retail for $249 and only be available for purchase using the Coinvest COIN token direct from the Coinvest website. COIN is currently available for purchase during Coinvest’stoken sale through Friday, April 6th at 9:30 CST. For more information, visithttps://wallet.coinve.st.

    About Coinvest Coinvest is a blockchain technology company focused on developing solutions to democratize cryptocurrencies and bring them to the masses. The company’s mission is to create decentralized tools for the world to seamlessly and securely invest and use cryptocurrencies. Coinvest is lead by a team of Microsoft alumni and prominent advisors Tony Scott, former CIO of the US Government, VMWare, and Microsoft as well as Pete Cashmore, founder of Mashable. Coinvest is one of the only blockchain companies in the world registered with the United States SEC and FinCEN. For more information about Coinvest, please visit:https://coinve.st.

    For more information, please visit ourwebsite. Should you have any questions, please reach out to us on our Discord.



  • Coinvest Token Sale Results and Next Steps

    Our Coinvest token sale ended on April 6th and sold approximately $5.5M worth in COIN out of our maximum cap of $33 million USD. Our token sale generated interest from 1,094 participants. Despite the months of February and March being one of the most difficult time periods for ICO’s to raise funds in the history of the industry, we are proud of our results and our progress to-date.

    As a data driven company, we would like to provide the following metrics for reference:

    • 1094 People Participants
    • 109 people made more than one purchase with the most purchasing 13 times
    • Average of 2.19 ETH per person and 1.9 ETH per transaction
    • $661 is the weighted average price of ETH for each transaction
    • 33 investment transactions were reverted due to lack of gas, incorrect GWEI amount, etc.
    • Sold 16.57% of allocated tokens
    • Estimate of 8,701,630 tokens in market circulation

    As continually communicated, half of the funds from our raise are used for reserves. Therefore, raising our max cap of $33 million would have netted reserve sizes of $16.5M and a operating budget of $16.5M. Since unsold tokens are moved to Coinvest reserves to collateralize the network, our effective raise of $5.5M now creates a reserve of approximately $30M worth of COIN to provide liquidity to the network. This leaves a token circulation amount of ~8.7M; a number that is relatively low in comparison to many other companies in this space. In fact, by comparison, Coinvest would be in the top 15 for the lowest circulating supply out of the top 100 coins listed on Coin Marketcap today. To compare, view the below or visit Coinmarketcap, click Circulating Supply, and sort in descending order.

    Screenshot as of April 13th, 2018

    Please note that the Coinvest circulating supply is variable as profits from user trades move from the Coinvest reserve back to the user. Conversely, user losses leave the circulating supply and are taken off the market upon entering the Coinvest reserves.

    Therefore, if the price of COIN outperforms the market, user profit and distributions are smaller which also results in a shrinking circulating supply. 😊

    Investors received their tokens immediately by our smart contract upon their individual contribution. If you haven’t already, you can check your COIN balance using our investment tool. You can also begin adding COIN to your wallets using the following guide.

    As previously mentioned in our announcements, we are performing an update to our current COIN token contract for upgrades that will further the enhance the performance of our protocol. These details including full documentation and a demo can be found here:

    Next Steps

    COIN V2 will be distributed after our token fork and audit within the following timeline in early May. We are working with exchange partners to support the listing of COIN during that month as well.

    • COIN Token Hard Fork: 4/9 to 4/13
    • COIN V2 Token Security Audit and Fixes: 4/16 to 5/4
    • Token Distribution: Week of 5/7

    With the sale officially over, we would like to remind everyone to NEVER send funds to anyone posing as a representative of the Coinvest team. Please report any fraudulent sale attempts to [email protected] to help protect our community.

    We sincerely thank everyone who was able to participate and apologize to those that weren’t able to. We value your support and hope to have you alongside us as we continue the journey to bring cryptocurrencies to the masses. We’ll continue to work hard on your behalf and bring to market something that we’ll all be very proud to be a part of.

    Welcome to the Coinvest family!

    For more information, please visit our website. Should you have any questions, please reach out to us on our Discord.



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