COVER Protocol Achieves Market Capitalization of $14.89 Million (COVER)

COVER Protocol (COVER) traded flat against the dollar during the 24 hour period ending at 14:00 PM Eastern on May 14th. COVER Protocol has a market capitalization of $14.89 million and $16.59 million worth of COVER Protocol was traded on exchanges in the last 24 hours. Over the last seven days, COVER Protocol has traded flat against the dollar. One COVER Protocol coin can now be purchased for about $188.07 or 0.00397019 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

  • BITCOIN ADDITIONAL (BTCA) traded 0.1% higher against the dollar and now trades at $29,681.79 or 0.99964728 BTC.
  • Binance USD (BUSD) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003371 BTC.
  • Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
  • Parkgene (GENE) traded flat against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • DREP (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded flat against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00003372 BTC.
  • Polygon (MATIC) traded down 2.2% against the dollar and now trades at $0.67 or 0.00002248 BTC.
  • THETA (THETA) traded flat against the dollar and now trades at $5.25 or 0.00010640 BTC.
  • FTX Token (FTT) traded 0% higher against the dollar and now trades at $31.16 or 0.00104948 BTC.

COVER Protocol Profile

COVER Protocol (COVER) is a coin. Its genesis date was January 5th, 2021. COVER Protocol’s total supply is 82,000 coins and its circulating supply is 79,179 coins. COVER Protocol’s official Twitter account is @COVERProtocol and its Facebook page is accessible here. COVER Protocol’s official website is www.coverprotocol.com. The official message board for COVER Protocol is coverprotocol.medium.com.

According to CryptoCompare, “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┬áto the updated version of COVER. Historical data prior to the update can be consulted here. “

COVER Protocol Coin Trading

It is usually not currently possible to purchase alternative cryptocurrencies such as COVER Protocol directly using U.S. dollars. Investors seeking to trade COVER Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase COVER Protocol using one of the aforementioned exchanges.

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