How to buy Cover Protocol Governance Token COVER - Full Guide

In this step by step guide, you’ll learn how to set up your crypto wallet and buy Cover Protocol Governance Token 0x4688a8b1f292fdab17e9a90c8bc379dc1dbd8713 on Ethereum.

Flooz Checkout

Flooz has launched a "Checkout" feature that allows you to buy Cover Protocol Governance Token (COVER) using your local FIAT currency, like Dollars, Euros, Pounds, and Naira. The Flooz Checkout feature currently supports three major chains: Ethereum, BNB Smart Chain, and Polygon.

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You get

What is Cover Protocol Governance Token?

Token price

$0.38

last 24H

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Market cap

$30.93 k

24h vol

$0
ChainETH

Holders

8.81 k

Total liquidity

-

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.

TL;DR

The Flooz Checkout empowers you to buy Cover Protocol Governance Token (COVER) using any FIAT currency, like Dollars, Euros, Pounds, Ghanaian Cedi, and Naira on: Ethereum (ETH), Binance Smart Chain (BSC) and Polygon (Matic).

Here is how to buy Cover Protocol Governance Token (COVER) step-by-step with Flooz:

1. Download the Flooz App in the 🔗 Apple App Store or the 🔗 Google Play Store
2. Set up your new wallet or import your existing wallet into the Flooz App
3. Select Cover Protocol Governance Token (COVER) to buy using your local currency and payment method.
4. Enter the amount and buy Cover Protocol Governance Token (COVER) and confirm
5. Once your transaction is completed, you can manage, track and swap your Cover Protocol Governance Token (COVER) inside the Flooz App.

If you've already used the Flooz App, then you know how easy it is. However, if you're new to it, this guide will show you how to buy Cover Protocol Governance Token (COVER) or any other cryptocurrency.

Please note that cryptocurrencies are subject to high market risk and volatility. Please conduct a thorough research about the risk involved in purchasing cryptocurrency and only invest in products that you are familiar with. This step by step guide is no financial advice or to be viewed as an official endorsement by Flooz about the cryptocurrency itself or the success of the project.

The information about the token is provided by third parties - Flooz does not guarantee and is not responsible for the accuracy of the information presented here. Further, Flooz does not take any liability for your actions on the platform. For more information, please read our Terms of Service.

How to buy Cover Protocol Governance Token in 4 steps in 2024:

Step 1

Scan to download Flooz App

Flooz App is available on Android, in the Play Store, and iOS, in the App Store. Look for "Flooz" or "Flooz: NFTs & Crypto Wallet" in the app stores.
You don’t have to worry about entering any personal information, or wait around to be validated. Downloading the Flooz App is free and doesn't require KYC or account setup. Get set up in less than two minutes, and gain instant access to buy over 180K cryptocurrencies!

Step 2

Set up your Flooz wallet

Setting up your non-custodial crypto wallet using Flooz is simple and secure, we value the importance of privacy and ownership, meaning that you’re the sole owner of your digital assets at all times.

After setting up your Flooz App, always make sure you set a strong 6-digit pin-code or configure your Face ID, and back up your secret phrase to store in a safe place.

If you already have a crypto wallet, then you can easily bring in your assets, NFTs, and transaction records by importing your existing wallet into the Flooz App. Once you're in, you can add up to five accounts for free and use them for various transactions like buying, swapping, spending, and sending tokens to your friends!

When selecting a crypto wallet, there are numerous factors to weigh, but safety should definitely be your first priority. Flooz provides you with a non-custodial wallet, and if you care about security, you don’t want any provider to store your assets on your behalf, right?

This could happen when you let someone else store your funds - FTX lost $6 billion dollars worth of customer funds.

Here’s what happens when the central banking system collapses - Central Nigerian Bank halts all withdrawals of cash above $50 a day.

To learn how to buy Cover Protocol Governance Token (COVER) with your local payment method, just follow the instructions below.

Step 3

Buy Cover Protocol Governance Token (COVER) with your local payment method

Buy Cover Protocol Governance Token (COVER) directly with cryptocurrency or popular payments methods such as Apple Pay, Google Pay, Credit Card, Bank Transfer and Mobile Money (MTN, Vodafone Cash, Airtel Tigo) and others.
Best price guaranteed! Flooz is like Skyscanner. We analyze more than 40 different decentralised exchanges to provide you with the best prices at the fastest routes.

Step 4

Track, manage and trade your Cover Protocol Governance Token (COVER)

Track the performance of your Cover Protocol Governance Token (COVER) trade with real-time data and alerts in Flooz. Our powerful portfolio tracker automatically tracks any transaction across 180k different cryptocurrencies on Ethereum, Polygon and the Binance Smart Chain.

You can use Flooz to swap Cover Protocol Governance Token (COVER) to any currency or send it to any wallet across the world in near real-time!

Why buy Cover Protocol Governance Token (COVER) with Flooz?

Buy crypto with any currency

Buy or swap any of our 180K+ supported cryptocurrencies. It’s simple, secure and fast.

Safe and secure

The Flooz App is a non-custodial wallet and audited by Sigma Prime. No one but you has full access to your funds. Your keys, your crypto!

Best prices and fastest routes

Buy and trade any token on all popular chains at the cheapest rates and fastest routes. Flooz analyses 40+ different decentralised exchanges to offer you a best price guarantee.

Track your performance

Track and manage all your crypto assets with real-time alerts and data. Flooz is the easy way to buy, trade, send and receive any crypto assets.

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