From
617 investors
Raised $1,070,000 from 617 investors on June 15, 2018
Closed on . Information may not be up-to-date. Campaign closed on . Information displayed may not be up-to-date.
Coinvest will be a single destination for users to learn, invest, and spend cryptocurrencies. The Coinvest ecosystem (built by Coinvest LLC, the parent company of Coinvest Labs LLC's, together "Coinvest"), will consist of a wallet and investment trading platform to handle all of your cryptocurrency investment needs. The Coinvest trading platform will enable anyone to easily invest in hundreds of different cryptonized assets and indexes using only one wallet and one coin.
The Coinvest Labs investment process will be managed by smart contracts which will be the custodian of the network. User invested funds will be held by the smart contract until withdrawn by the user. Third-parties, including Coinvest, NEVER have access to invested funds, including the reserve pool that collateralize and back all investments traded in the network. Once an asset is sold from a user’s portfolio, COIN will be returned to a user's wallet and can be spent directly using our built-in debit card account.
Since the invention of blockchain technology, a new asset class has emerged in cryptocurrencies. Built on the blockchain technology, these digital currencies offer the promise of reinventing the real economy, as their decentralized nature, better security, and faster processing are vast improvements over traditional financial systems.
Unfortunately, these investment opportunities are largely limited to high net worth individuals and sophisticated investors. Ironically, this is contrary to the ideals of blockchain as a force for decentralization and democratization. For ordinary investors who want to invest in cryptocurrencies, they face issues such as complexity, fragmentation, lack of quality market intelligence, and security risks.
Coinvest Labs will be an open-source for-profit technology company dedicated to:
Frustrated with the complexity, fragmentation, and quality of cryptocurrency investment options available on the market, Coinvest Labs is determined to democratize cryptocurrencies by creating tools that will:
1. Create a virtual portfolio with your favorite cryptocurrencies
2. Trade and Withdraw Investments (+ Profit) Directly with our Smart Contract
3. Easily spend cryptocurrencies using your debit card account
Sample real-world use-case: Mary wants to invest in cryptocurrencies and purchase Bitcoin, NEO, and Raiblocks. With today’s solutions, Marty would have to:
With Coinvest Labs, Mary will be able to execute all of the above in one trade, for one fee ($4.99) and manage only one wallet. From there, spend COIN directly from their wallet without having to convert it back to fiat currencies (using our built-in debit card support).
The Coinvest Labs ecosystem of products and services will interact and complement each other to provide a comprehensive end-to-end investment experience for our consumers.
Details on our offerings are below:
At the core of its product portfolio is the Coinvest Labs protocol; A blockchain protocol defining investment transactions between users and the Coinvest Labs smart contracts. User invested funds will be held in smart contracts while investment data is written to the blockchain, removing all third-parties from the investment process. The COIN protocol will enable developers to build their own DAPP and become their own broker to help increase the adoption of COIN.
Coinvest Trade is a wallet and decentralized software application (DAPP), or front-end interface to the COIN protocol. The Coinvest DAPP will empower anyone to invest in individual or a curated index of cryptonized assets using only one wallet and one COIN. Users will create virtual portfolios and trade their favorite cryptocurrencies using market buy, limit buy, sell, and short orders.
Investing starts when an investor begins their research. Not once a trade is placed. At Coinvest Labs, we aim to be a single destination for investing in cryptocurrencies. CoinDNA is a place for blockchain enthusiasts to consume a combination of Data, News, and Analytics on a daily basis. Using content and insight, CoinDNA builds trust and confidence with investors which aids in conversion to the Coinvest Trade platform.
Cryptocurrencies and the blockchain industry are scratching the surface in global adoption and usage. Yet:
Prior to starting Coinvest Labs, Damon Nam was a sixteen year IT services professional at Microsoft. During his tenure, he assumed three different management roles within the Microsoft Services organization. In his last role as a US Services Partner Program Director, he was responsible for driving and managing the Preferred Services Partner program for the US; a program with approximately seventy-five partner organizations and a total book of business of over $90 million in revenue. Damon is responsible for architecting and executing the strategy to drive the overall mission for Coinvest Labs.
Kevin Huynh has built a career in data analytics, most recently graduating from Carnegie Mellon University with a Masters in Business Intelligence 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, Kimberly-Clark and Rubbermaid. Kevin is responsible for Coinvest Labs analytics and operations strategy.
Byron Levels has 23 years of experience as an IT services professional with a wide range of expertise in developing solutions to help businesses succeed. Byron 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. Byron is responsible for driving the architecture, implementation, and support for all technology needs for Coinvest Labs.
Tony Scott and Pete Cashmore are respected leaders within their industries and offer significant value beyond marketing purposes. Coinvest Labs is here for the long-term. Our team has worked very hard to carefully engage advisors that can help us grow and scale our business versus offer only promotional value.
Tony Scott was the third U.S. Federal Chief Information Officer, serving from 2015–2017. Scott’s 40 year career in information technology includes roles as Chief Information Officer of VMware, Microsoft and The Walt Disney Company. Scott also serves as a research director at the Blockchain Research Institute, a global knowledge network. Coinvest Labs will be able to leverage Scott’s vision and expertise to help the company with IT management, operations, and security. Scott also advises for other companies within the blockchain industry such as Cobinhood and Continuum, and his network is a resource for Coinvest Labs as well.
Pete Cashmore is the founder of the leading tech publication, Mashable. Cashmore has grown Mashable from a blog project to a global tech-focused media company boasting 42 million monthly unique visitors and 21 million social media followers. Cashmore was named one of Time Magazine’s 100 Most Influential People in 2012, featured on Forbes 30 under 30 list, and was named a Young Global Leader by The World Economic Forum in 2011. Under Cashmore’s leadership, Mashable has been on the forefront of this transition and a pioneer in the digital content creation and advertising space. Coinvest Labs will be able to leverage Cashmore’s vision and expertise to help the company build a platform focused on community with insights to growth scaling and media. We are honored to have his insight, experience, and vision in the areas of media and emerging technology to aid our company.
In the video below we had a chance to sit down with Pete to learn his thoughts on the current and future state of the blockchain industry.
Token DPA (Late Stage with Escrow)
If the campaign is successful, you’ll receive a Token DPA for your investment.
The DPA is not equity or a token itself, but a loan that payable in tokens in
the future, with interest.
Learn more
3 years
The amount of time Coinvest has to pay out your investment in tokens.
If the DPA isn't repaid with tokens after that time, it will be payable in cash
with interest.
Learn more
15%
The interest amount that will accumulate on your investment
if it’s paid back to you in cash.
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10% before 6 months, then 20% if repaid before maturity
The interest amount that will accumulate on
your investment if it’s paid back to you in tokens.
Learn more
75% of net debt amount before 2 years
How much you can get back of your investment if you choose to cancel
the Token DPA before it’s paid back.
Learn more
$100,000 – $1,070,000
Coinvest needs to raise
$100K
before the deadline. The maximum amount Coinvest is willing
to raise is $1.07M.
Learn more
Coinvest needs to reach their minimum funding goal before the deadline
().
If they don’t, all investments will be refunded.
Learn more
Coinvest Labs will be a single destination for users to learn, invest, and spend cryptocurrencies. The Coinvest Labs ecosystem will consist of products and services that aid users throughout the entire investment lifecycle. At the core of Coinvest Labs product portfolio, the Coinvest Trade platform will enable users to invest in hundreds of different cryptonized assets and indexes using only one wallet and one coin.
The Coinvest Labs investment process will be managed by smart contracts which will be the custodian of the network. User invested funds will be held by the smart contract until withdrawn by the user. Third-parties, including Coinvest Labs, will NOT have access to these funds, including the reserve pool that collateralize and back all investments traded in the network. Once an asset is sold from a user’s portfolio, COIN will be returned to a user's wallet and can be spent directly using our built-in debit card account.
1. Create an investment portfolio with a single or basket of cryptocurrencies
2. Trade and withdraw investments directly with the Coinvest Labs smart contract
3. Spend cryptocurrencies using the Coinvest debit card
Sample real-world use-case: Mary wants to invest in cryptocurrencies and purchase Bitcoin, NEO, and Raiblocks. With today’s solutions, Mary would have to:
With Coinvest Labs, Mary will be able to execute all of the above in one trade, for one fee ($4.99) and manage only one wallet. From there, spend COIN directly from their wallet without having to convert it back to fiat currencies (using our built-in debit card support).
The COIN token ecosystem will consist of many parties including, but not limited to, token buyers, investors, fund managers, financial institutions, partners, token sellers, etc. creating an equal exchange of buyers and sellers. It will be a community that utilizes COIN as a means of support for its members and community.
Coinvest Labs has allocated 10% of its total token supply specifically to distribute and develop the ecosystem. All in an effort to encourage and drive:
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 Labs will bypass 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.
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 Labs, there will be no storage of investment assets as all portfolios are completely digital.
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 Labs will be one of the first in the industry to offer this functionality.
Unlike current exchanges, Coinvest Labs will offer index funds containing a portfolio of cryptonized assets related to components such as market capitalization, industry, etc. The index funds will 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.
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 Labs will empower users to control the assets, distribution percentages, rebalances, and withdrawals of their own individual fund.
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 Labs will not accept any funds (fiat, cryptocurrency, etc.) or payments direct from users. User funds will be held in escrow and controlled by the Coinvest Labs autonomous bot (computer code) within a smart contract in the Coinvest protocol. Users will be able to withdraw funds or close their positions at any time and obtain distributions automatically via the Coinvest Labs smart contract. The Coinvest Labs investment process will require no human involvement or interaction.
All investments made through the Coinvest Labs platform will be backed by the cryptonized assets themselves. To ensure liquidity, Coinvest Labs will employ two reserves. Investments will only be executed based upon available assets in the reserve, ensuring the security of all users. A percentage of company revenue will be allocated for additional purchases to increase liquidity and scale the reserve in relation to growth.
The COIN token (aka COIN) is the official cryptonized network access token for Coinvest Labs and its ecosystem. COIN will be the fuel to execute trades on our platform. Additionally, our token will play a key role in executing smart contracts to ensure no third party is involved in the investment process. Lastly, also a tool that will write and retrieve investment data from the blockchain.
COIN owners will be able to:
You can find more information about the COIN token here.
Frustrated with the complexity, fragmentation, and quality of cryptocurrency investment options available on the market, Coinvest Labs was determined to democratize cryptocurrencies by creating tools enable consumers to seamlessly, securely, and safely invest in cryptocurrencies.
Coinvest Labs was founded in Summer of 2017.
You can follow our guide here for some of the most common ERC-20 compatible wallets:
https://docs.google.com/document/d/1Fj18eYx6zvykBrdTNvk-WDVPDMy3ls2RPuwIuuPxkBo/edit#
In order to build and grow the company, it’s imperative to raise funds to support the development of the Coinvest Labs protocol, smart contracts, DAPP, and future products. An allocation of funds raised will also be used for ecosystem development including funding developers to help build tools to ensure the security and scalability of the platform. We recognize that without a robust, secure protocol and platform, there are no customers. With no customers, there is no business. Without any of these components, the firm fails in its mission. The offering enables Coinvest to grow and scale its team to complete development of its portfolio of products and create value for its future customers and token holders.
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What other rules should I be aware of?
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