Your not wrong partnerships with big names and adoption go hand in hand you can’t really expect people to use crypto until it’s been integrated and useable across platforms and companies
You're absolutely right and such things will help make the brand worth the investment, the blockchain industry don't need anything that will make them look bad but they need something that will actually bring them to limelight, so whatever that will make the industry productive is what we need to see, as that's the only way we can get to experience the advantages of blockchain |
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I just went through the AMA answers. Did I understand it correctly that they will have two separate blockchains/tokens. One on the Ethereum blockchain and another blockchain, the so-called CovaChain to store data? So I assume all the token holders of ERC-20 COVA tokens will get coins on the CovaChain, too?
Not sure how that may work but i guess having the ERC-20 Cova tokens will automatically grant the holder the required access to utilize the facility that's available as a Cova investor, i'm really interested to see how this turns out and it will be lovely if we can get like a team member giving us some clarification on aspects such as this |
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Thanks for sharing. I think they choose the best question that helps everyone to know Morse about COVA project. The team is being transparent about a lot of information and it’s good for a long term project like Covalent. Congrats to the winners. Hope to see more AMA from Cova team. Does anyone of you guys know if there will be another AMA from Cova soon? I missed to submit my question(s) and the possibility to win tokens just by asking questions sounds almost too good to be true. I guess they will eventually hold another AMA session and also they are giving rewards for the best questions. I believe such will be done, i'm really getting excited with what's happening in Cova, i think their unique approach to the problems of the internet is really creating a lot of buzz in the industry, brilliant updates are coming up and its a thing of joy to see them make their project open sourced for developers, so its expected that developers will come into the project and explore |
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Thanks for sharing. I think they choose the best question that helps everyone to know Morse about COVA project. The team is being transparent about a lot of information and it’s good for a long term project like Covalent. Congrats to the winners. Hope to see more AMA from Cova team. Does anyone of you guys know if there will be another AMA from Cova soon? I missed to submit my question(s) and the possibility to win tokens just by asking questions sounds almost too good to be true. Yes, they want to do these AMAs regularly in the future. So you still have some opportunities to ask your questions and maybe get 1000 tokens for them:-) I like the incentive idea. AMA from team and Incentives as a reward to the Community and investors would get more people to know about COVALENT project and be supportive. Yea, AMA is a powerful means of communication and it goes a long way in ensuring that grey areas are clarified, creating a much stronger community, saw on their twitter page that some selected individuals will be rewarded with a specific amount of cova tokens, which is also a nice way of encouraging the community to participate in such activity |
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Did I understand correctly that the project offers smart management of user data and it all depends on the client, or simply stores, or the client is offered to place the files so that they bring profit?
If you understand differences between Http and Https protocols while browsing Internet then you should understand COVA. Cova is just gonna be a Better and more secure version of Https we daily use. Doing more protection and giving us more Privacy! Yea, security is actually the main purpose of cova and their concept is an epic one, it will be the birth of a new internet age when all things finally come to life and it will be exciting to be a part of something great, the blockchain industry is providing us with awesome technologies that will revolutionize life itself, guess that's why the conventional system are finding it hard to accept the technology |
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I don’t know even in current conditions investing from fiat is still the same as always and theirs more chance of an upside because the fact things are so cheap and low
True that, the current price of some of the most popular coins are very low compared to where they were few months ago, one can simply take advantage of that. Then I guess for investing in ICO FIAT option also would be great. Hope so Cova will keep the FIAT option whenever they will start sale. It has been stated already here in the thread that there are no plans so far by team to make a public sale at all. Yea, that seem like a pretty good thing to me, public sale is good but it has been abused by individuals that know little or nothing about it, i remember last year, when some notable projects sprung up, they did pretty well because only few knew about the industry and the importance of holding but the story changed, as most investors these days are just kids trying to make quick money |
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This really seems a good idea. In this way investors are safe and if project will fail investors can have their money back with a smart contract without risk!
this idea needs to be further implemented. Do you really have honest project developers, then they have to agree to such conditions, In order for investors to invest their funds with great desire in the future. Of course, I believe that the company's ico market is just beginning to develop, and everything is still ahead. Yea, i do agree with you on the fact that ICOs are beginning to morph into something much more and such is necessary because they either morph into something good or get extinct, due to the fact that the industry has become more challenging, we will get to see a lot of projects get wiped out and the coming in of another phase of brands that will be of value, while the strong ones remains |
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Ya I read about the taxi network as well it’s a huge potential and the overall project makes sense to me I’m not sure why it would work it’s just a slow time for the market with everything depressed
Yes, its a slow process at the moment and just like you stated, implementation will be difficult, so they need to seek out means of overcoming the challenges at the moment till things settle, one of such process is to ensure that the community is actively fed with updates, so that it doesn't seem like the effect of the market has gotten to them |
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I think it is more than just weak hands; I think the market is not able to recover because it is exchausted. I think it needs time for it to recover again; so project should be self sustainable now.
Now, during this long bear market, it will be really important that projects be economical with their funds. Only the best projects with a convincing idea and a strong team will survive this bear market. I think that's clear enough for project teams to understand the basics of economics when it comes to spending in this critical period, they should focus more on creating value around the brand by implementing essential parts of the brand, its really needed, as that will give the community the feeling that the brand is alive and well, which is what cova is doing Yeah, it should be clear for projects during this time that they have to spend their funds wisely but apparently, there are already projects failing to do so. For example, SirinLabs (the ICO that had Leo Messi as their marketing ambassador) which raised more than 158 million USD and now only got enough funds left for 6-12 more months of operations. Its imperative that projects bring in professionals to handle their project, by professional, i mean in every section that make up the project, if not, a seemingly good project will end up in disaster and you just gave a perfect scenario for such, so for the best to be achieved in a brand, they should take things seriously and not bring in newbies |
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It would be nice, because there is still risk if you invest into promising ICO backed by popular people. I like this concept because they have to provide something before they receive money  . I don't understand this, is there already a working project that they are offering to investors before they get paid? I didn't they have got a unique concept which can be improved upon i highly doubt there is any project that has been implemented by the team already it all boils down to prepping for ICO which i believe right now is a bit difficult considering the state of the market Yea, at the moment, they have no working product and i would have loved a situation where they have one, at least that will give them something to ponder about, though like i said sometime ago, i saw something about them already having about 3000 taxis if i'm not mistaken and if that's true, then they have something good already in place |
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I think it is more than just weak hands; I think the market is not able to recover because it is exchausted. I think it needs time for it to recover again; so project should be self sustainable now.
Now, during this long bear market, it will be really important that projects be economical with their funds. Only the best projects with a convincing idea and a strong team will survive this bear market. I think that's clear enough for project teams to understand the basics of economics when it comes to spending in this critical period, they should focus more on creating value around the brand by implementing essential parts of the brand, its really needed, as that will give the community the feeling that the brand is alive and well, which is what cova is doing |
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sounds too good to be true but will check it further... hmm.. hope you are really offering this
Some people have this kind of mixed view. Some people are completely against this. However only time will answer as far as I see. We're not sure if this is their offer of 100% legit and it will not be possible but we cannot say this scam because of the purpose of the project and its idea. So we look forward to and keep track of this project's trend so we can see what's happening and to make sure we are talking about and offering it. You're right, constructive criticism is what's needed, unless enough evidence has been given by the community to proof that the project is actually a scam, once such is provided, then we can conclude on that but for now, we just have to follow up with the implementation of the project and hope that things turn out for good, for the benefit of both users and investors |
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They are not selling tokens through Huobi! The tokens you'll be able to buy there are from private-sale or airdrop participants or from people who got them for voting. The team is NOT selling their devs token on Huobi.
Now, this is confusing, definitely, the team must have had a certain percentage of token up for sale, let us say they managed to sell all of it during the private sale, what is the guarantee that those who bought during private sale will be willing to sell off so soon? You can find the number of tokens they sold in the private sale here ( https://medium.com/@covatoken/cova-token-metrics-992a4de20755). And about your concerns that people might not be willing to sell their tokens 'so soon' .... then the price they got offered for their tokens is probably to low. You can transfer this 'problem' you are worried about to any other token sale. But the fact is that most people are in for a quick profit, so they bought the tokens to sell them for profit, not to hold them forever. First, thanks for the link. Also, definitely some people are not in to hold forever but for a project with a use case such as COVA's, I would not expect people to sell off as soon as it hits the exchange. Considering what can be done with the token. We have to be realistic here. Yeah exactly, this project is definitely a long HODL because as you can see from the COVA roadmap it could take a while for them to finish development. Saying that it does look like they will be releasing their public testnet beta at some point in January, hopefully, the team will get some good results and could push the token up in value. I think we don't even need to think about the fact that the first successes will be achieved sooner than in 5 years. The development may be finished earlier, but it will take a long time until the first Internet platforms decide to switch to a new protocol. Yes, it will take quite a long time for things to start taking shape, just as i stated earlier, its a herculean task and will require much more to achieve their target, not to mention getting people to use their services and i believe investors understand this, so anyone going into the project should understand that's not child's play but once things settle, the outcome will be rewarding |
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From their token metrics, I understand that they will have their own blockchain with block rewards. Does anyone know when they will release that mainnet? And will they make a swap from ERC20 to the native token of their blockchain?
I believe they stated something about updates coming up soon, probably in a couple of weeks or months we will get to know when they will have their mainnaet released to the public, due to the fact that the project is a huge one, i think they will want to swap from ethereum network to their own blockchain, i maybe wrong though but only time will tell |
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Investments are always risky, otherwise it is not investments. No exceptions. Even if you put money in government bank, it is still not 100% guarranty that you will get it back.
You're absolutely right, that's why the ultimate rule of investment states that, "you should always invest what you can afford to loose', so when going into any investment, its of paramount importance to set your mind ahead of your investment, so if you loose, you will won't get yourself into trouble or become paranoid about investment when next you see one |
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The striking thing about COVA is their not wanting to do a public sale, I am looking to see how this pans out because with such a good project I am expecting a total sell out during public sale and got presented with this strategy instead.
They are smart in that aspect. Market is not good at all. Why to waste going to market with their token sales and reduce the value of their own tokens? Smart move by the COVA team. You are right mate. Under these conditions, it is not the best move to enforce the ICO. I think this is a good decision from Cova. People will get confidence if they dont push it for ICO and move ahead with private placements. Eventually such a nice projects will get attention in exchanges. I think their decisions so far reflect their experience and I think them not going for the public is the right way to go in current market conditions. I think the next market will determine where the market is heading. Yes, i was just stating such, its hard time other projects should follow suit on this process, any individual that gets the token from any exchange reflects a serious investor and no longer a case where individuals will wait for freebies and then dump the next second, so i see this as a productive means of generating the needed capital and also a good way of keeping the brand safe yea but I also think they should somehow support the volume if they can. It is important if they want to keep interest on the token after listing or when it may have low demand. You're absolutely right and they must have a strategy for them to have come up with such plan, their concept is quite new and unique in a variety of ways that we are yet to comprehend and such is needed because of the long damage that insecurity of data has caused overtime, i believe the team understands how important this project is |
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This is my first time of seeking anything like this. Indeed ico have lost its glory. Which this new formula hopefully the days of making profit from ico will return
Don't panic too much, I don't think it's only ico who loses his glory even coin top 10 even though they are not so strong with the current situation be patient of course that is the most important key for now Patience is indeed the final key at a time like this because the market is bad, ICO is not shining so it might take a long time to come back again to improve. crypto is deteriorating we must carefully take advantage of certain times You're right, patience is indeed the key, as at the moment, ICOs looks like a thing of the past at the moment, projects should seek out means of funding their project and as such we'll get good brands coming up and not just projects that have no value, so what's happening at the moment may be a blessing in disguise and holders will be the ones that will enjoy the benefits |
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The striking thing about COVA is their not wanting to do a public sale, I am looking to see how this pans out because with such a good project I am expecting a total sell out during public sale and got presented with this strategy instead.
They are smart in that aspect. Market is not good at all. Why to waste going to market with their token sales and reduce the value of their own tokens? Smart move by the COVA team. You are right mate. Under these conditions, it is not the best move to enforce the ICO. I think this is a good decision from Cova. People will get confidence if they dont push it for ICO and move ahead with private placements. Eventually such a nice projects will get attention in exchanges. I think their decisions so far reflect their experience and I think them not going for the public is the right way to go in current market conditions. I think the next market will determine where the market is heading. Yes, i was just stating such, its hard time other projects should follow suit on this process, any individual that gets the token from any exchange reflects a serious investor and no longer a case where individuals will wait for freebies and then dump the next second, so i see this as a productive means of generating the needed capital and also a good way of keeping the brand safe |
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They are trying to fool the investors. Whatever the guarantees that they are giving out, I will never invest in any ICO under current market conditions. It is just too risky to put your hard-earned money in to these projects right now.
I kind of see your points. and I hear the same thing from many people around. But why the project team is pushing for continuing the ICO in this bad market conditions? Not sure though. Many are skeptical about ICOs for now; Those who began their sales before the fall are kinda stuck now and now they are they are trying to do all ways possible to finish their sales. Yea, i think its about time that project start to look at other means of raising funds, some went through the process of using private investors and as such they never did any ICO, so such method should be utilized to enable projects raise the initial amount of capital required to get started and with good product/ services, they can stand a chance of becoming successful |
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It sounds very unusual. I think that this idea could well become the mainstream and help restore investor confidence in the PPI. However, where is the guarantee that a project with such loud promises will not be a scam itself and will not fail? I think the only way out is to find large investors and make the first precedent.
Such projects already exist today and they have already collected investments for this. The most important thing is that today for some reason they say very little about this project. As far as I remember this project is called DESICO, this is something like the example of a project that gives guarantees. This is interesting to know. I never heard about money back policy before. This particular project DESICO is sticking to their promises? This is the first time I've heard and I've found a project that has a high risk-free investment. Hopefully because of this offer their supporters and investors are growing, but now their bashers are increasing because of they think this is impossible to get involved, but in case they stand it is a good start for the project. Well it is a possible marketing scheme but I think the problem no is that raising funds from the public is not as effective as it used to be; I think it would suit them best if they target private investors. You are right, its no longer business as usual as things have changed due to the market situation of the blockchain industry, before now projects were getting the needed amount needed to start their project but again, most of them came and scammed the community, the negative effect of the scammers was seriously felt and impacted drastically on the whole market |
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