Cover Protocol
COVER 
- Market Cap Rank Rank #923
- Website
- Coingecko Score Score 24.505
- Coingecko Rank Rank #757
- Liquidity Score Score 52.605
$175.550 USD
0.00409654 BTC
0.05991825 ETH
| Market Cap | Total Value Locked | Dominance | Mcap TVL Ratio |
|---|---|---|---|
| $14380458 USD | $796937 USD | 0.00 % | 0.050 |
Data Powered by CoinGecko
About Token
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.
Coin Statistics
| Price | $175.550 |
| Price Change % 24H | -13.401% |
| 24H High | $207.380 |
| 24H Low | $168.980 |
| Market Rank | 923 |
| Market Cap | $14380458 |
| Market Change 24H | -1571439.353% |
| Market Change 24H % | -9.851% |
| Circulating Supply | 79179 cover |
| Total Supply | 82000 cover |
| Total Value Locked | $796937 USD |
| Dominance | $0.00 USD |
| Mcap TVL Ratio | 0.050 |
| All Time High | $1687.110 |
| All Time High Change % | $-89.228% |
| All Time High Date | 2021-02-17T00:11:40.000Z |
Coin Scores
| mkt_cap_rank | 923 |
| coingecko_rank | 757 |
| coingecko_score | 24.505 |
| developer_score | 0.000 |
| community_score | 8.428 |
| liquidity_score | 52.605 |
| public_interest_score | 0.000 |