Cover Protocol (COVER) #4111

Cover Protocol

COVER
Last price update: 8 April
$ 0.5573

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Cover Protocol is not active.

Cryptocurrency List
Current trading data unavailable
Our database has no trading pairs or current price. This does not mean the coin is not traded. Check quotes on the exchange before trading.
На русском
Overview
Where to Buy
coverprotocol.com
Contracts
Explorers
GitHub
Market Cap
$ 44.1 ths.
#3971
FDV valuation
$ 45.7 ths.
FDV = price × maximum supply. This is not a price forecast.
Maximum supply: 82 000 tokens.
FDV / market cap: 1.04×.
Saved supply is used; its verification date is unknown.
Calculated using the last available price; quote freshness is unconfirmed.
Volume · 24h
$ 13.3
Market share
<0.01%
Circulating COVER
—
Max supply
82 000

Price: low and high

24 hrs
No data
30 days
No data
1 year
No data
All time
Low $ 0.0897 High $ 1 687.11
-99.97% from ATH +302 621.08% to ATH
How the range is calculated

24h uses saved quotes from the last 24 hours. The 30-day and one-year views use daily lows and highs for UTC calendar days, including today. Gaps are not filled; prices may have differed between samples. The dot marks the current price, not a buy signal.

All time uses CoinGecko’s USD ATL and ATH. Other currencies use the current exchange rate; these are not historical records in the selected currency.

COVER Sectors:
Cover Protocol does not belong to any sector.

Exchanges where COVER is traded

No data

Calculator COVER

COVER
USDT

1 COVER = 0.557 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.

How to add Cover Protocol to Metamask?

To add COVER to the metamask you need:

  1. In the wallet select the desired network and then in the cryptocurrencies section scroll to the bottom - click "Import tokens".
  2. Copy the smart contract address for Cover Protocol from the list below.
  3. Paste into the "Smart Contract Address" field.
  4. Click the "Add Custom Token" button.

The COVER is available on the 2 blockchain networks. Below is a list of Cover Protocol smartcontract addresses to add to the metamask:

  • Ethereum - 0x4688a8b1f292fdab17e9a90c8bc379dc1dbd8713
  • Fantom - 0xb01e8419d842beebf1b70a7b5f7142abbaf7159d

Official websites and links for Cover Protocol

There are currently about 4 official links to Cover Protocol websites and social media:

0