COVER Protocol Market Capitalization Tops $14.89 Million (COVER)

COVER Protocol (CURRENCY:COVER) traded down 16.3% against the US dollar during the one day period ending at 18:00 PM Eastern on November 25th. One COVER Protocol coin can currently be purchased for approximately $188.07 or 0.00397019 BTC on exchanges. During the last seven days, COVER Protocol has traded up 18.4% against the US dollar. COVER Protocol has a total market capitalization of $14.89 million and approximately $16.59 million worth of COVER Protocol was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

  • Crypto.com Coin (CRO) traded 9.4% lower against the dollar and now trades at $0.80 or 0.00001359 BTC.
  • Polygon (MATIC) traded up 0.1% against the dollar and now trades at $2.00 or 0.00003275 BTC.
  • Polygon (MATIC) traded up 11.4% against the dollar and now trades at $1.88 or 0.00003198 BTC.
  • Binance USD (BUSD) traded 0% lower against the dollar and now trades at $1.00 or 0.00001697 BTC.
  • Chainlink (LINK) traded up 3.9% against the dollar and now trades at $26.48 or 0.00044927 BTC.
  • Decentraland (MANA) traded down 3.9% against the dollar and now trades at $5.09 or 0.00008628 BTC.
  • Axie Infinity (AXS) traded 1.4% lower against the dollar and now trades at $139.38 or 0.00236497 BTC.
  • Parkgene (GENE) traded up 2,618,096.3% against the dollar and now trades at $25.59 or 0.00045023 BTC.
  • THETA (THETA) traded up 13.4% against the dollar and now trades at $7.51 or 0.00012736 BTC.
  • FTX Token (FTT) traded 5.8% higher against the dollar and now trades at $52.87 or 0.00089715 BTC.

COVER Protocol Coin 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 message board is coverprotocol.medium.com. COVER Protocol’s official website is www.coverprotocol.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. “

Buying and Selling COVER Protocol

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

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