Its official !!(since a while !) Polkacover’s upcoming IDO public sale will happen on 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 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.
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.
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.
The Polkacover IDO landing page will be published on Polkastarter website on 20th January with a countdown timer leading up to the monumental IDO event on January 21st.
The IDO price is set at 0.08c, which gives the $CVR token a fully diluted valuation of around 11 million USD.
Uniswap listing: It will happen 3–5 hours post the IDO launch.
Initial Uniswap Liquidity: 125k USD. (Liquidity Farming opportunities will be shared before the IDO as well)
$CVR is a low-cap, low-supply token
For the Polkacover project to successfully see a lifetime longer than most crypto projects out there, the token distribution plan is set to a minimum of 4-year plan and the initial valuation is kept low to gain an organic growth within the crypto ecosystem.
On TGE, less than 2% of the supply (worth $150k) will be in circulation with the remaining supply distributed over the next 4 years.
This ensures that the $CVR token is not centralized to a few parties long-term but also has short term scarcity.
We have created a simple yet effective form in order to make sure that every person gets an equal and unbiased opportunity to buy the $CVR IDO. As we have a limited space within the crowdsale, we would be only able to shortlist 500 applicants for the crowdsale. As we need to make sure the community has a deep understanding and would be an ambassador of goodwill for PolkaCover. To be eligible, you would need to do the following task.
It’s necessary for each and every person interested in the IDO to fill this form on our website — https://www.polkacover.com/
In the form, you will only have to share with us:
- Name / Email ID
- Your Twitter handle
- Your ERC20 address
- A Tweet link (A simple tweet mentioning any key feature our project from your account)
Our goal is to give as many community members the opportunity to hold $CVR
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
You can view the updated tokenomics of the project on the below link
PolkaCover Updated Tokenomics
Over the last month, we have had a few changes on our Tokenomics structure. Please find below the updated Tokenomics…
Post-IDO: $CVR Staking Programs
Post the IDO, the $CVR token will be immediately listed on Uniswap and the $CVR staking programs will go live immediately within a week.
Details on the staking program will follow shortly
Polkastarter is a permissionless DEX platform that is built just for enabling projects to raise capitals on decentralized and interoperable environments based on Polkadot. It will allow decentralized projects raise and exchange capital cheap and fast. Users will be able to participate in a secure and compliant environment and to use assets that go way beyond the current ERC20 standard.
Polkacover aims to be the one-stop-shop for crypto and personal insurance needs. Founded in late 2019, with the mission of creating the world’s leading crypto-friendly DeFi insurance marketplace, the team is undoubtedly making the process of purchasing insurance quick, easy, and decentralized. Customers can expect the same convenience, access, and transparency just as they would in the traditional insurance industry — and Polkacover is systematically ticking off each box.
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