COVER Protocol Trading 2.8% Higher This Week (COVER)

COVER Protocol (CURRENCY:COVER) traded down 3.7% against the U.S. dollar during the twenty-four hour period ending at 13:00 PM Eastern on July 22nd. One COVER Protocol coin can currently be purchased for $183.34 or 0.00566274 BTC on popular cryptocurrency exchanges. COVER Protocol has a market cap of $14.34 million and $2.78 million worth of COVER Protocol was traded on exchanges in the last 24 hours. During the last week, COVER Protocol has traded up 2.8% against the U.S. dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00003089 BTC.
  • Chainlink (LINK) traded 2.8% higher against the dollar and now trades at $15.92 or 0.00049187 BTC.
  • DREP (DREP) traded down 21% against the dollar and now trades at $1.96 or 0.00003398 BTC.
  • DREP [old] (DREP) traded 19.5% lower against the dollar and now trades at $1.96 or 0.00003399 BTC.
  • Polygon (MATIC) traded down 1.8% against the dollar and now trades at $0.91 or 0.00002804 BTC.
  • Dai (DAI) traded down 0.1% against the dollar and now trades at $1.00 or 0.00003092 BTC.
  • THETA (THETA) traded up 3.3% against the dollar and now trades at $4.66 or 0.00014400 BTC.
  • Aave (AAVE) traded 6.5% higher against the dollar and now trades at $273.48 or 0.00844698 BTC.
  • botXcoin (BOTX) traded 1.7% lower against the dollar and now trades at $2.03 or 0.00006279 BTC.
  • Crypto.com Coin (CRO) traded up 0.4% against the dollar and now trades at $0.11 or 0.00000343 BTC.

COVER Protocol Coin Profile

COVER Protocol (CRYPTO:COVER) is a coin. It was first traded on January 5th, 2021. COVER Protocol’s total supply is 82,000 coins and its circulating supply is 78,208 coins. The official message board for COVER Protocol is coverprotocol.medium.com. COVER Protocol’s official Twitter account is @COVERProtocol and its Facebook page is accessible here. 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 to the updated version of COVER. Historical data prior to the update can be consulted here. “

Buying and Selling COVER Protocol

It is usually not presently 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 Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase COVER Protocol using one of the aforementioned exchanges.

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