The PolkaCover IDO at 10 AM UTC, 21st Jan @ PolkaStarter — Updated!

Its official !!(since a while !) Polkacover’s upcoming IDO public sale will happen at 10 AM UTC, 21st of January on Polkastarter.

The Polkacover team is excited to announce this news as we are on the mission of creating the world’s leading crypto-friendly DeFi insurance marketplace and we strongly believe that Polkastarter is the world’s leading IDO platform. We strongly believe in working with partners within the Polkadot ecosystem & there couldn’t be a better venue than PolkaStarter to conduct the launch in a fair and easy manner.

$CVR Fundamentals:

Using the $CVR token users will be rewarded with:

  • Cross-border insurance purchases & payment options incentives via token purchases
  • Staking & community rewards for providing risk liquidity, claims assessment & governance functions
  • Discounts through token purchases P2P Insurance for developing markets
  • Real-time transactions
  • Transparency of information
  • AI-Based Automated claim validation Security and confidentiality
  • Audit trail and full transaction history
  • Resilience through the use of smart contracts

Tokenomics

You can view the updated tokenomics of the project on the below link:

https://polkacover.medium.com/polkacover-updated-tokenomics-777659975d9e

Initial DEX Offering Details

The $CVR token will be sold on Polkastarter at a fixed-price sale. Contributions are accepted in ETH only. The sale will last for 4 hours. Before the IDO token are released to the public, the token will be listed on Uniswap.

Polkacover is raising 150,000$ worth in ETH, out of which $75,000$ will be made exclusive to POLS token holders only.

The list of whitelisted addresses are available on https://t.me/Polkacoverannouncement/48

· We have whitelisted 500 applicants, however, there are 300 slots (150 slots in the POLS pool / 150 slots in the community pool) available for allocations on a First come first serve basis.

· The allocation will be fixed at 0.4 ETH. The $CVR token will be sold on Polkastarter at a fixed-price sale. Contributions are accepted in ETH only.

· The sale will last for 4 hours. Before the IDO token is released to the public, the token will be listed on Uniswap.

· Post the closure of the IDO, the $CVR token will be immediately listed on Uniswap and the staking programs will go live.

To participate in POLS pool, you need to hold 3000 POLS or be part of the Polkastarter LP program, which is 1 ETH + 1 ETH in POLS.

Reach out to the Polkastarter TG to get the full lowdown of the requirements. You can also refer to this document below

https://support.polkastarter.com/article/6-how-to-participate-in-a-standard-pool-and-claim-your-tokens

The First DeFi Insurance marketplace for the global crypto ecosystem