How & where to buy Cover Protocol cryptocurrency
The Cover Protocol coin is difficult to find, owing to a lack of cryptocurrency exchanges which offer it. The 4 trading platforms offer 3 pairs: 0X21BE.../0XB01E..., COVER/USDT and 0X4688.../0XC02A.... Full details is listed below.
Where to buy Cover Protocol
Step 1You need an account with a cryptocurrency exchange that supports Cover Protocol coin. All of them provided on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
OKX | 0.1 / 0.15 | HIGH | Yes | $40971 |
|
MEXC Global | 0.2 / 0.2 | HIGH | Yes | $25892 |
|
Sushiswap | 0.3 / 0.3 | MEDIUM | No | $1027 |
|
SpookySwap | 0.2 / 0.2 | MEDIUM | No | $354 |
Purchase or transfer with peer-to-peer trading one of this coins: 0XB01E..., 0XC02A... or USDT.
Step 3Switch to spot market on exchange and type the coin name in search box. Choose between available trading pairs, then set order and push Buy COVER button.
Congratulations!
Once you hit buy, the Cover will be transferred to your account on the exchange. Please be advised that just transferring your coins off cryptocurrency exchange into cold crypto wallet, you can improve protection of your investments. Not only does this shorten your risk if your crypto exchange gets hacked, but if you transfer secure crypto wallet, your Cover crypto turn into protected assets. Only downside is usually have to pay a small withdrawal fee to move your crypto off of the cryptocurrency exchange.
What is Cover Protocol
Cover Protocol is a peer-to-peer insurance market, where the way it operates is more similar to prediction market. Unlike other insurance protocols, the governance token is not used for underwriting risk. To bootstrap coverage for a new protocol, market makers will need to be incentivized to stake collateral of DAI/yDAI to mint CLAIM and NOCLAIM tokens. All series covers a specified protocol and have a specified expiry date. During the expiry date, either CLAIM or NOCLAIM will have the full claim to the collaterals. For example, if 100 DAI is used to provide coverage for Compound protocol until an expiry date, it will yield 100 CLAIM and 100 NOCLAIM tokens. On the expiry date, if there is a valid claim event, every CLAIM token will receive 1 DAI while NOCLAIM token will expire worthless
Video Review
Cover Protocol: Explained
Statistics and Externals
Term of hashing algorithms not applicable to Cover Protocol cryptocurrency.
Price and supply
The current total supply is 82 thousands, with a circulating supply of 79180 COVER as of Apr 2024. The Cover Protocol max amount of coins that will ever exist is 82000.
The Cover coin price is $34.3664 as of 08:17 PM. The price increased on 1.0278% over the past 24 hours. The recent price action left the token's market capitalization at 1.8 million USD. Over last 30 days, the Cover Protocol token has a change of 0.77%.
FAQ
What cryptocurrency exchange can I buy Cover crypto?
Cover coin can be bought from 4 exchanges. Some of them: MEXC Global, OKX, Sushiswap and SpookySwap.
Is Cover token a good investment?
The Cover Protocol crypto has a big risks of price go down. Because of high volatility of all cryptocurrency market you bear in mind: any cryptocurrency has a possibility price to crash to zero, you can lose all of your invested funds and learn the risks before you start trading. But on the other hand of that investing in crypto assets is possible extremely profitable.
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About the author
Davy Jones has been involved in the crypto industry since 2017 as a miner. Since then, he has become an avid investor, writer, and speaker in the field. Jones has been writing professionally since 2008, covering a wide range of topics in various industries.