True. Data is key for COVA. Very interesting article. Thanks for sharing it here. Are they going to sell their tokens or not? What do you mean exactly with "sell their tokens or not". Are you talking about Cova tokens? They are already tradeable on exchanges. |
|
|
|
|
Does anyone of you know what their Softcap is? And what would happen if they do not manage to reach it? Would investors in that case get refunded?
|
|
|
|
I know the CovaChain is still a work in progress and it will probably take some time before their own blockchain goes live but does anyone know if the coins on their CovaChain will be 1:1 granted to the holders of the ERC20 tokens? Otherwise their vested block reward tokens wouldn't make sense, right?
To my knowledge yes, you'd have to double check their documentation but thats what makes sense to me as far as they have been developing and they want to make sure that early holders and developers get their moneys worth from early investments But will the ERC20 tokens that are in the block reward pool then be burned after the CovaChain launched? It doesn't make sense to have ERC20 tokens for block rewards. As per my knowledge They have their own Blockchain which is in public testnet stage! Most project releases their ERC20 token before starting the main net in begining! This to help you Investor not wait any further while they continues with the development! You will get block reward only when they releases main net! Yes, I know that their own blockchain (CovaChain) is still in its testnet stage. But their ERC20 tokens aren't just placeholders. Once their mainnet goes live, there will be both ERC20 tokens and coins on the CovaChain iirc. |
|
|
|
I know the CovaChain is still a work in progress and it will probably take some time before their own blockchain goes live but does anyone know if the coins on their CovaChain will be 1:1 granted to the holders of the ERC20 tokens? Otherwise their vested block reward tokens wouldn't make sense, right?
To my knowledge yes, you'd have to double check their documentation but thats what makes sense to me as far as they have been developing and they want to make sure that early holders and developers get their moneys worth from early investments But will the ERC20 tokens that are in the block reward pool then be burned after the CovaChain launched? It doesn't make sense to have ERC20 tokens for block rewards. |
|
|
|
|
I know the CovaChain is still a work in progress and it will probably take some time before their own blockchain goes live but does anyone know if the coins on their CovaChain will be 1:1 granted to the holders of the ERC20 tokens? Otherwise their vested block reward tokens wouldn't make sense, right?
|
|
|
|
I am not sure if it has answered anywhere before but does anyone of you guys know how Cova will monetize their platform? I mean, right now they have still funds from the private sale but how will they earn money once the protocol goes live?
That’s a good question. I always wondered why a Smart Internet Protocol would need a token. Although, it’s all protected and users still got control over personal data. Why does Covalent internet protocol need a token? Actually, Cova is not just all about internet protocol, though its their primary concept but they also said something about having their own data market place if i'm not mistaken, so i believe they will have some sort of use for their token after all, its a gradual process and i believe with time we'll get to see multiple usage of their concept Okay, then it would make sense that they want to generate income this way. It would just be nice to get some more information about this. |
|
|
|
Neuroneum is more like a project about trading cloud computing power. Sometimes can be used for cloud mining and other profitable use.
in a way i have not fully understood how it going to work, i guess i will have to do little reading and questioning i have always taught its a mining company more like mining for BTC and other valuable cryptos Ya a lot of people saw cryptomining and just jumped to assume it was just a generic crypto mining startup but what their trying to allow is definitly a bit more complex than that and is worth a read to really understand what they are trying to accomplish This really turned out to be the case, I have been among the people who thought that this is generally about mining until I took a second glance at the whitepaper before realizing that what they offer is indeed complex. But if they see that a lot of people don't really like Cloudmining projects they should maybe consider to focus more on the other aspects of their project. |
|
|
|
|
I am not sure if it has answered anywhere before but does anyone of you guys know how Cova will monetize their platform? I mean, right now they have still funds from the private sale but how will they earn money once the protocol goes live?
|
|
|
|
Can anyone explain what exactly their Neuroneum Box Miner will be? A plug and play miner  I guess this isn't an ASIC miner then? Will they only be purchasable with XNR tokens? There is not really a lot of information on this topic despite the Whitepaper being more than 135 pages long. |
|
|
|
Nice that it's now officially listed on CMC, too. I knew that a token has to be tradeable on 2 exchanges for it to get listed but it surprises me how fast Cova got listed now. |
|
|
|
That's good to know because i was a bit worried concerning the issue of airdrop and how it has negatively affected a lot of brands, i have been following Cova for a while now and with all their implementations and announcements, one can easily see the creativity behind the brand, just like i earlier stated, they seem to have gotten everything planned out in favor of the brand
Well, the amount of tokens that they are airdropping is pretty small compared to the total supply. For example, the second airdrop on BitMax is capped to 30.000 COVA. That's around 0.64 ETH worth of tokens at the current market price. That's indeed small and a good way to incentivize their promotion/awareness campaign, unlike the norm where the whole place will be littered with the token, such negatively affects a brand and i'm glad to see that team knows about this, hence the massive reduction in such and the delivery of little quantity of airdrops, love the proactive nature of the brand Yeah, with that amount of tokens airdrop hunters won't have a big effect on the current price. But as you said, it's still a good way to get people interested and maybe research a bit about the project. |
|
|
|
I can’t find much details about Neuroneum on twitter on Reddit. Here is a good project on cloud mining. Lucky to have found this one. But a lot more people needs to know there’s a model that works for cloud mining like Neuroneum.
Team should work on this. Happy holidays everyone.
Probably because they haven't launched their Bounty campaign yet. I know a lot of you will probably disagree with me here, but in my opinion a bounty campaign would definitely help to spread the word about Neuroneum. |
|
|
|
That's good to know because i was a bit worried concerning the issue of airdrop and how it has negatively affected a lot of brands, i have been following Cova for a while now and with all their implementations and announcements, one can easily see the creativity behind the brand, just like i earlier stated, they seem to have gotten everything planned out in favor of the brand
Well, the amount of tokens that they are airdropping is pretty small compared to the total supply. For example, the second airdrop on BitMax is capped to 30.000 COVA. That's around 0.64 ETH worth of tokens at the current market price. |
|
|
|
I get the feeling theirs a lot of new money getting into the project since the 2 new listings, and the airdrops structure makes it also really well done to drive sales of tokens as well to unlock the airdrop which i think was a really smart way of handling it
You can check up market cap of Covalent on crytorank for daily trading volume and market cap. They got listed on cryptorank a few weeks back. Btw bitcoin and most altcoins prices has been going up, Since COVA is listed, it’s volume and price would keep pumping. It’s best time to get more cova tokens because it’s low. I still don't understand exactly how the circulating supply is calculated. Right now 30% of the 20% from the private sale is unlocked, right? So that's 6% of the total supply. Team tokens are still locked completely. Founding reserve should be unlocked completely, right (10% from total supply)? From the 4% of the Huobi voting rewards, 1/3 are unlocked. So that's another 1.33...% from total supply. Block rewards, advisors and Ecosystem tokens should still be vested. So all in all right now 17,33..% of the 6.5 billion tokens should be unlocked. That would mean the circulating supply is now 1.126 billion. That would mean the circulating supply from Cryptorank is just a rough estimation? Or did I miscalculated something? Wait did Huobi trading begin? I thought it was only bitmax. Regarding the circulating supply I think your understanding is correct. However keep in mind the amount they have unlocked and the amount they have set for marketing and promotion within bitmax. Yeah right Huobi trading started Dec 21 and also bear in mind too that the airdrop distribution might have also increased "circulating supply" even though the bulk of the supply are locked under the COVALCK asset column From what I understand Airdrop tokens should be part of the section "Foundation Reserve (Marketing, PR, Business Development)" and all tokens from this section are unlocked as far as I know. So the Airdrop on BitMax shouldn't increase the number of tokens in circulation. |
|
|
|
I really like their Neuralink Card, but there are already other projects that want to provide a debit card for payments with cryptocurrencies. How does the Neuroneum card differ from, for example, TenX, Plutus or MCO?
There is also Tap which is recently starting; I think they are strictly crypto? I did not read the full details on that front but I should before I speak. However from the looks of it the cards are the next big thing in crypto. i think NEURONEUM Card is limited to which assets you could use though it! as they plans to use that card only the funds user mined though the cloud ming they are operating! would like to know more details about the card though! Are you sure that you can only use the cryptos you mined with Neuroneum? I think in this case a card wouldn't make sense at all. Nobody wants to wait until he mined enough when he needs the card to purchase something. |
|
|
|
I get the feeling theirs a lot of new money getting into the project since the 2 new listings, and the airdrops structure makes it also really well done to drive sales of tokens as well to unlock the airdrop which i think was a really smart way of handling it
You can check up market cap of Covalent on crytorank for daily trading volume and market cap. They got listed on cryptorank a few weeks back. Btw bitcoin and most altcoins prices has been going up, Since COVA is listed, it’s volume and price would keep pumping. It’s best time to get more cova tokens because it’s low. COVA Airdrops was a nice idea from the team. It helped build a solid community. Btw I think there should be a way to keep airdrop in check to prevent price dump by airdrop hunters. What I thought to and it will also give them good trading activity and volume on bitmax. I hope huobi will be able to follow the steps of bitmax. So on the one hand you are saying that the airdrop helped building a solid community, and on the other hand you are saying that airdrop receivers should be restricted from selling? How many tokens did Airdrop participants get anyway? I doubt that they can really "dump" the price. The tokens are only trading a few days now, it just takes some time for the price to stabilize. |
|
|
|
I get the feeling theirs a lot of new money getting into the project since the 2 new listings, and the airdrops structure makes it also really well done to drive sales of tokens as well to unlock the airdrop which i think was a really smart way of handling it
You can check up market cap of Covalent on crytorank for daily trading volume and market cap. They got listed on cryptorank a few weeks back. Btw bitcoin and most altcoins prices has been going up, Since COVA is listed, it’s volume and price would keep pumping. It’s best time to get more cova tokens because it’s low. I still don't understand exactly how the circulating supply is calculated. Right now 30% of the 20% from the private sale is unlocked, right? So that's 6% of the total supply. Team tokens are still locked completely. Founding reserve should be unlocked completely, right (10% from total supply)? From the 4% of the Huobi voting rewards, 1/3 are unlocked. So that's another 1.33...% from total supply. Block rewards, advisors and Ecosystem tokens should still be vested. So all in all right now 17,33..% of the 6.5 billion tokens should be unlocked. That would mean the circulating supply is now 1.126 billion. That would mean the circulating supply from Cryptorank is just a rough estimation? Or did I miscalculated something? |
|
|
|
|
I really like their Neuralink Card, but there are already other projects that want to provide a debit card for payments with cryptocurrencies. How does the Neuroneum card differ from, for example, TenX, Plutus or MCO?
|
|
|
|
I think this is the best project ranking on its quick adoption. More partners trying to get in. Each day there’s an exciting announcement of adoption in a different industry. What do you think would come next?
Their listing on bitmax and release of their public testnet came out at the right time. They have kept to their word about giving us good updates. Yes I agree with you. It’s the best project of the year and also really undervalued. No ICO just private sales but keeps s stable 1 eth : 32000 COVA. What’s the rate on BitMax today? Current price is 0.0000285 ETH per token. Still a bit lower than the 0.00003125 ETH, which was the private sale price. It’s up now. And I think it’s bonus price time is over. Seems it’s heading for the moon, trading above private sale price. Main Rt is going to be a blast. It's a bit up now on BitMax, yes. But the price on Huobi is at 0.000029 so still under the private sale price (could be a possibility for arbitrage though). It's way too early for the 'to the moon' calls. |
|
|
|
Well, its the norm but i believe that the implementations of the brands will boost the value with time, its normal for the price to be low at the beginning because of factors that's associated with new brands, like skepticism among the community, so its going to be a lot of hardwork but time its all they need to determine the actual value of the token
I think the biggest problem is that the project is still quite unknown. I mean, they had no public sale so no huge marketing campaign for it. No Bitcointalk bounties that would've attracted a lot of people. So it's not surprising for me that the price didn't skyrocket after their listing. This is not entirely correct. Project marketing is at its best and even seen article about COVA in cointelegraph. These days bounty participants not doing their work properly in my opinion because they always got scammed by project people in the near past. So nobody is interested. So did you know about the project when they had their private sale in February this year? I first heard about the project recently. You are right, they have stepped up and are doing much more for their marketing now. But a lot more people would have heard about COVA if they had an ICO. At least that's my opinion. However, this can be good for early birds who secure their tokens now before the majority knows about the project. |
|
|
|
|
Show Posts
