COVER Cover Protocol
Cover Protocol is awaiting listing on exchanges.
The token price for COVER is unknown.
Exchanges that list tokens earlier than others: Kucoin.com, Okx.com.
We regularly announce listings of top projects in our X (Twitter) - HOLDER_IO
Contracts Price of Cover Protocol (COVER)
Today Cover Protocol (COVER) not traded anywhere. During the week, the minimum price for Cover Protocol (COVER) is fixed on Monday at 0.53 cents. Currently, the token Cover Protocol is trading in the range of 55.73 cents or 58.79 rubles for 1 COVER.
Exchanges where COVER is traded
No dataCalculator COVER
COVER 
USDT
1 COVER = 0.56 USD
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. The converse is true if there is no valid claim event. In this case, every NOCLAIM token will receive 1 DAI while CLAIM token will expire worthless.
Official websites and links for Cover Protocol
There are currently about 4 official links to Cover Protocol websites and social media:
- Website - coverprotocol.com
- Twitter - twitter.com/COVERProtocol
- Facebook - facebook.com
- GitHub - github.com/CoverProtocol
