What is COVER Protocol (COVER) | What is COVER Protocol token | What is COVER token

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 will open the doors of DeFi to all investors.

The long term vision for COVER Protocol is to allow anyone to buy coverage on anything.

COVER PROTOCOL

What is COVER Protocol and what makes it unique?

MARKET EFFICIENT

When there is a demand for coverage, COVER protocol incentivizes market makers to fill the need of the demand. At the same time, it lets the market set the premium of the coverage.

SCALABLE

COVER Protocol separates itself from other coverage protocols due to independent coverage ceilings as opposed to pooled staking.

FUNGIBLE COVERAGE

Obtain ERC-20 coverage for the time period you need. Trade your coverage on Balancer and Uniswap at anytime.

DECENTRALIZED

COVER Protocol’s smart contracts will be audited, deployed, and verified on the Ethereum blockchain, making coverage entirely censorship resistant and open.

LIMITLESS

COVER Protocol will allow you to buy cover on anything, beyond just smart contracts and crypto. Those looking to purchase coverage are able to, as long as there are people willing to provide coverage.

NO KYC REQUIRED

COVER Protocol allows you to buy coverage without needing to give up your identity.

COVER TOKEN

What is COVER Token and what is it used for?

COMPLETELY VALUELESS

COVER tokens are valueless and serve as governance tokens for COVER protocol

SHIELD MINING

Earn COVER tokens through using the COVER Protocol

GOVERNANCE

Vote on community-submitted proposals that will shape the future of the protocol

CLAIMS MANAGEMENT

Play a vital role in the claims management process by validating/invalidating claims

Updated COVER Incident Resolution Plan

After the COVER smart contract experienced an infinite minting attack on 2020/12/28, a large number of minted COVER tokens (greater than the COVER circulating supply) were bought by arbitrageurs on decentralized exchanges and deposited on Binance, causing the price of COVER to decrease at an alarming rate, and resulted in many Binance users experiencing significant losses. In the days following the attack, Binance has kept in close communication with the COVER Protocol team to discuss various compensation possibilities for our users involved. However, as the required compensation amount was too large to adequately recompense all affected Binance users, the COVER team was unable to provide any funds beyond their original compensation plan.

After reviewing the latest compensation plan from the COVER team, we realized that a large number of Binance users who bought COVER on Binance after COVER’s proposed snapshot time at 2020/12/28 8:11:06 AM (UTC) would have their tokens become worthless. In response to this, Binance has decided to proceed with a plan that upholds our core principle of protecting our users.

In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of $10,107,505 USD (distributed in 8,171,634.10 BUSD and 2,581.16 ETH) to affected and eligible users, with the details listed out below.

As described in COVER’s compensation plan, the COVER team will take a snapshot of all COVER balances at an Ethereum block height of 11541218, 2020/12/28 8:11:06 AM (UTC) (“ETH Snapshot Time”) and distribute a new COVER token at a ratio of 1 COVER-old = 1 COVER-new. We will also incorporate the time that COVER trading was halted on Binance, 2020/12/28 12:40 PM (UTC) (“Trading Stop Time”) into our plan:

For Binance users who did not trade COVER: If a user’s COVER balance on Binance at the ETH Snapshot Time was equal to their balance at the time of the Trading Stop Time, then this user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the ETH Snapshot Time.
For Binance users who bought COVER after the ETH Snapshot Time: If a user’s COVER balance on Binance at the ETH Snapshot Time was lower than their balance at the Trading Stop Time:This user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the ETH Snapshot Time.
For each user’s net purchased COVER amount, Binance will compensate users out of pocket with the price that they originally purchased the COVER tokens for in either ETH or BUSD. This compensation will be covered in full by the Binance SAFU Fund and totals $10,107,505.79 USD (consisting of 8,171,634.10 BUSD and 2,581.16 ETH).
For Binance users who sold COVER after the ETH Snapshot Time: If a user’s COVER balance on Binance at the ETH Snapshot Time was higher than their balance at the Trading Stop Time, this user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the Trading Stop Time.
Binance will not make any additional compensation for users that only deposited tokens between the ETH Snapshot Time and the Trading Stop Time.

Please note:

COVER-new will assume the COVER ticker going forward. COVER-old tokens will be renamed as COVEROLD on Binance.
Binance will complete the distribution of COVER-new, ETH and BUSD to all affected and eligible users as part of the compensation plan after receiving the new COVER token. A further announcement will be made once the distribution is complete.
Withdrawals for COVER-old will be closed after this announcement. Withdrawals for COVER-new will open once the distribution is completed.
Binance will determine whether or not to open trading for COVER-new at a later date.

What is GEEK

Buddha Community

What is COVER Protocol (COVER) | What is COVER Protocol token | What is COVER token

Coin Introduction

1605855965

What is COVER Protocol (COVER) | What is COVER Protocol token | What is COVER token

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 will open the doors of DeFi to all investors.

The long term vision for COVER Protocol is to allow anyone to buy coverage on anything.

COVER PROTOCOL

What is COVER Protocol and what makes it unique?

MARKET EFFICIENT

When there is a demand for coverage, COVER protocol incentivizes market makers to fill the need of the demand. At the same time, it lets the market set the premium of the coverage.

SCALABLE

COVER Protocol separates itself from other coverage protocols due to independent coverage ceilings as opposed to pooled staking.

FUNGIBLE COVERAGE

Obtain ERC-20 coverage for the time period you need. Trade your coverage on Balancer and Uniswap at anytime.

DECENTRALIZED

COVER Protocol’s smart contracts will be audited, deployed, and verified on the Ethereum blockchain, making coverage entirely censorship resistant and open.

LIMITLESS

COVER Protocol will allow you to buy cover on anything, beyond just smart contracts and crypto. Those looking to purchase coverage are able to, as long as there are people willing to provide coverage.

NO KYC REQUIRED

COVER Protocol allows you to buy coverage without needing to give up your identity.

COVER TOKEN

What is COVER Token and what is it used for?

COMPLETELY VALUELESS

COVER tokens are valueless and serve as governance tokens for COVER protocol

SHIELD MINING

Earn COVER tokens through using the COVER Protocol

GOVERNANCE

Vote on community-submitted proposals that will shape the future of the protocol

CLAIMS MANAGEMENT

Play a vital role in the claims management process by validating/invalidating claims

Updated COVER Incident Resolution Plan

After the COVER smart contract experienced an infinite minting attack on 2020/12/28, a large number of minted COVER tokens (greater than the COVER circulating supply) were bought by arbitrageurs on decentralized exchanges and deposited on Binance, causing the price of COVER to decrease at an alarming rate, and resulted in many Binance users experiencing significant losses. In the days following the attack, Binance has kept in close communication with the COVER Protocol team to discuss various compensation possibilities for our users involved. However, as the required compensation amount was too large to adequately recompense all affected Binance users, the COVER team was unable to provide any funds beyond their original compensation plan.

After reviewing the latest compensation plan from the COVER team, we realized that a large number of Binance users who bought COVER on Binance after COVER’s proposed snapshot time at 2020/12/28 8:11:06 AM (UTC) would have their tokens become worthless. In response to this, Binance has decided to proceed with a plan that upholds our core principle of protecting our users.

In addition to the compensation plan from the COVER team, Binance will utilize the Binance SAFU Fund to recompense a total of $10,107,505 USD (distributed in 8,171,634.10 BUSD and 2,581.16 ETH) to affected and eligible users, with the details listed out below.

As described in COVER’s compensation plan, the COVER team will take a snapshot of all COVER balances at an Ethereum block height of 11541218, 2020/12/28 8:11:06 AM (UTC) (“ETH Snapshot Time”) and distribute a new COVER token at a ratio of 1 COVER-old = 1 COVER-new. We will also incorporate the time that COVER trading was halted on Binance, 2020/12/28 12:40 PM (UTC) (“Trading Stop Time”) into our plan:

For Binance users who did not trade COVER: If a user’s COVER balance on Binance at the ETH Snapshot Time was equal to their balance at the time of the Trading Stop Time, then this user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the ETH Snapshot Time.
For Binance users who bought COVER after the ETH Snapshot Time: If a user’s COVER balance on Binance at the ETH Snapshot Time was lower than their balance at the Trading Stop Time:This user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the ETH Snapshot Time.
For each user’s net purchased COVER amount, Binance will compensate users out of pocket with the price that they originally purchased the COVER tokens for in either ETH or BUSD. This compensation will be covered in full by the Binance SAFU Fund and totals $10,107,505.79 USD (consisting of 8,171,634.10 BUSD and 2,581.16 ETH).
For Binance users who sold COVER after the ETH Snapshot Time: If a user’s COVER balance on Binance at the ETH Snapshot Time was higher than their balance at the Trading Stop Time, this user will receive COVER-new at a 1:1 ratio based on their COVER-old balance at the Trading Stop Time.
Binance will not make any additional compensation for users that only deposited tokens between the ETH Snapshot Time and the Trading Stop Time.

Please note:

COVER-new will assume the COVER ticker going forward. COVER-old tokens will be renamed as COVEROLD on Binance.
Binance will complete the distribution of COVER-new, ETH and BUSD to all affected and eligible users as part of the compensation plan after receiving the new COVER token. A further announcement will be made once the distribution is complete.
Withdrawals for COVER-old will be closed after this announcement. Withdrawals for COVER-new will open once the distribution is completed.
Binance will determine whether or not to open trading for COVER-new at a later date.

SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

Read More @ https://bit.ly/3oFbJoJ

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
In today’s video, I will be showing you guys how to buy the FEG token/coin using Trust Wallet and Pancakeswap. This will work for both iOS and Android devices!
📺 The video in this post was made by More LimSanity
The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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aviana farren

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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

Dev burned all tokens in the wallet before the launch.
Fair launch on DxSale.
LP locked on DxLocker for four years
LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

Stable Rewards
Manual Burning
LP Acquisition
Community Governed Tokens
RFI Staking Rewards
Automated Liquidity Pool
Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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