COVER Protocol Crypto Price Prediction, Value and Chart (COVER)

COVER Protocol (COVER) Frequently Asked Questions

What is COVER Protocol?

Cover Protocol provides peer to peer coverage with fungible tokens. It lets the market set coverage prices as opposed to a bonding curve. Cover Protocol allows DeFi users to be protected against smart contract risk. It stabilizes the turbulent DeFi space by instilling confidence and trust between protocols and their users. By bridging the gap between decentralized finance and traditional finance, Cover Protocol aims to open the doors of DeFi to all investors. The COVER Token and Migrations (SAFE2 to COVER) The exact token distribution can be found here. In our original plans, we had a tentative amount of 55,000 $COVER to be migrated. However, the amount of $COVER eligible in the snapshot for claiming (for those who missed the $SAFE =>$SAFE2 migration) was lower than expected by 150 tokens. For now, this difference of 150 $COVER will be minted to the treasury and we will hold a vote for $COVER holders to decide on what we do with these tokens.On release, $SAFE2 holders can migrate to $COVER while those who missed the $SAFE -> $SAFE2 migration will be eligible to claim a partial amount of their snapshotted balance. There will be a MIGRATE button on the left bottom of the side nav. This page refers to the updated version of COVER. Historical data prior to the update can be consulted here. (Description provided by CryptoCompare)

How do I buy COVER Protocol?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including COVER Protocol.

Where can I get COVER Protocol wallet?

COVER Protocol produces its own wallet software that is available for download on its website, which allows you to store COVER Protocol on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of COVER Protocol?

One COVER Protocol (COVER) is currently worth $188.07 on major cryptocurrency exchanges. You can also exchange one COVER Protocol for 0.00397019 bitcoin(s) on major exchanges. The value (or market capitalization) of all available COVER Protocol in U.S. dollars is $14.89 million.

What hashing algorithm does COVER Protocol use?

COVER Protocol is a coin that uses the ETH Token algorithm.

What coins are similar to COVER Protocol?

The following coins use COVER Protocol's ETH Token algorithm and proof-type: BITCOIN ADDITIONAL, Binance USD, Crypto.com Coin, Parkgene, DREP, DREP [old], Dai, THETA, Polygon, yOUcash, FTX Token, Chainlink, KickToken [old], Decentraland and Magic Internet Money.