🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵 - page 29.

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: CrypticBabe on December 29, 2018, 08:37:26 AM

Quote from: Sozialtourist on December 29, 2018, 07:21:09 AM

Quote from: phantam on December 28, 2018, 09:29:02 PM

Quote from: Sozialtourist on December 28, 2018, 07:13:26 PM

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.

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: Ace44 on December 29, 2018, 06:54:30 AM

Quote from: Sozialtourist on December 28, 2018, 05:09:25 PM

Quote from: Ace44 on December 28, 2018, 04:43:03 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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.

Yea, i think you will probably get some more information on that through their medium channel, the title of the article should be a deep dive or something, it gives an insight on the possibility that abounds in the project and its really vast, so i believe having their internet protocol is just the starting point of what they will have to offer in the future

Yea, I read the "deep dive" article on Medium and I must say it is really enlightening. I got most of the answers I needed about COVA from there, I think everyone here should read it for enlightenment.

CrypticBabe

jr. member

Activity: 420

Merit: 2

Quote from: Sozialtourist on December 29, 2018, 07:21:09 AM

Quote from: phantam on December 28, 2018, 09:29:02 PM

Quote from: Sozialtourist on December 28, 2018, 07:13:26 PM

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!

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: phantam on December 28, 2018, 09:29:02 PM

Quote from: Sozialtourist on December 28, 2018, 07:13:26 PM

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.

Ace44

member

Activity: 672

Merit: 11

Quote from: Sozialtourist on December 28, 2018, 05:09:25 PM

Quote from: Ace44 on December 28, 2018, 04:43:03 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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.

Yea, i think you will probably get some more information on that through their medium channel, the title of the article should be a deep dive or something, it gives an insight on the possibility that abounds in the project and its really vast, so i believe having their internet protocol is just the starting point of what they will have to offer in the future

Kinkadeinspired

copper member

Activity: 644

Merit: 1

Quote from: CrypticBabe on December 28, 2018, 06:50:54 AM

Quote from: gee777 on December 27, 2018, 04:34:32 PM

Quote from: faulerwilli on December 27, 2018, 05:14:32 AM

wow, that was fast. Cova is already listed on CMC. The two exchanges Huobi and Bitmax were a good choice
https://coinmarketcap.com/currencies/cova/

That was fast. Like really fast. They just started trading some few weeks back and have already gained enough volume to be listed on coinmarketcap. I am surprised really.

That's magical! Coinmarketcap is really slow on Processing Listing Request! And here Cova gets listed within a couple of days after filling the requirement! Team is sure doing some Charm out there!

This is one reason why it is impressive, Their astronomical growth is something inspirational that other upcoming "solid" project has to take note of and work even harder.

phantam

full member

Activity: 546

Merit: 106

Bountyhive.io

Quote from: Sozialtourist on December 28, 2018, 07:13:26 PM

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

Sozialtourist

full member

Activity: 686

Merit: 101

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?

gee777

member

Activity: 728

Merit: 10

Quote from: em777 on December 27, 2018, 05:32:24 PM

Quote from: gee777 on December 27, 2018, 04:34:32 PM

Quote from: faulerwilli on December 27, 2018, 05:14:32 AM

wow, that was fast. Cova is already listed on CMC. The two exchanges Huobi and Bitmax were a good choice
https://coinmarketcap.com/currencies/cova/

That was fast. Like really fast. They just started trading some few weeks back and have already gained enough volume to be listed on coinmarketcap. I am surprised really.

Wow, this is truly impressive I am not aware they are already listed on CMC. COVA is a great project to reckoned with I just hope they attract much investment from investors

This is really going to attract a lot of investors. The institutional investors will be very happy and proud that their investment is really doing good.

em777

jr. member

Activity: 574

Merit: 1

when you are fed up transfer your crypto to me

Quote from: Sozialtourist on December 28, 2018, 05:09:25 PM

Quote from: Ace44 on December 28, 2018, 04:43:03 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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.

well let us hope all things go as planned because is truly a wonderful project and i believe with the required marketing they will attract more investors

Sozialtourist

full member

Activity: 686

Merit: 101

Quote from: Ace44 on December 28, 2018, 04:43:03 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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.

em777

jr. member

Activity: 574

Merit: 1

when you are fed up transfer your crypto to me

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

I am suspecting they will generate money when their protocol is used since it's a cryptocurrency platform I expect them to generate fund from mining as well

Ace44

member

Activity: 672

Merit: 11

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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

faulerwilli

full member

Activity: 994

Merit: 140

Quote from: Pricebrianer on December 28, 2018, 02:30:59 PM

Quote from: Getadaaa on December 28, 2018, 01:34:11 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

Yes it sure is a good Question. Covalent isn’t just about an internet protocol (COVA://). Although this makes the structure on which a secure data marketplace could be created. $COVA would be used for all Transactions on Covalent data marketplace. I hope this helped.

I read this blog on Cova, and it makes more sense now. https://coins.newbium.com/post/24415-data-on-covalent-smart-internet-protocol
Cova would create a marketplace for data. Here all transactions are made using COVA tokens. You can be a data owner, MT or SMH. You should read the article.

thanks for sharing, that's really very interesting. I hadn't asked myself this question yet.
It becomes interesting how much you can earn with your own data. If you want to sell it

Pricebrianer

jr. member

Activity: 364

Merit: 3

Quote from: Getadaaa on December 28, 2018, 01:34:11 PM

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

Yes it sure is a good Question. Covalent isn’t just about an internet protocol (COVA://). Although this makes the structure on which a secure data marketplace could be created. $COVA would be used for all Transactions on Covalent data marketplace. I hope this helped.

I read this blog on Cova, and it makes more sense now. https://coins.newbium.com/post/24415-data-on-covalent-smart-internet-protocol
Cova would create a marketplace for data. Here all transactions are made using COVA tokens. You can be a data owner, MT or SMH. You should read the article.

CrypticBabe

jr. member

Activity: 420

Merit: 2

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

actually Cova is not just being a protocol! Cova is building a Network based on blockchain where they ensure the security of user data! their Public testnet is already live! you might want to check that from their website!!

Getadaaa

jr. member

Activity: 448

Merit: 3

Quote from: ning_aric on December 28, 2018, 01:30:23 PM

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

Yes it sure is a good Question. Covalent isn’t just about an internet protocol (COVA://). Although this makes the structure on which a secure data marketplace could be created. $COVA would be used for all Transactions on Covalent data marketplace. I hope this helped.

ning_aric

full member

Activity: 826

Merit: 102

Quote from: Sozialtourist on December 28, 2018, 09:42:04 AM

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?

Ace44

member

Activity: 672

Merit: 11

Quote from: em777 on December 27, 2018, 07:34:12 PM

Quote from: phantam on December 27, 2018, 06:13:49 PM

I don’t think the timeframe is the issue with an opensource project like this it could be slowly rolled out and evolved before it becomes a standard in browsers for instqnce

yeah, the good thing about COVA is the fact that it is open source this means it can evolve beyond what the team intended for it i believe it going to take sometime before we can start reaping the benefit

Yea, which will encourage developers to come into the brand and just as i stated, its a continuous process thing and the door has been opened for all to come in and infuse their creativity, its something that will require constant updates to stay ahead of intruders and one good thing to note is the fact that the programming language used is created by them

Nathan01

member

Activity: 728

Merit: 11

DocTailor IEO on Zloadr

Quote from: em777 on December 27, 2018, 07:34:12 PM

Quote from: phantam on December 27, 2018, 06:13:49 PM

I don’t think the timeframe is the issue with an opensource project like this it could be slowly rolled out and evolved before it becomes a standard in browsers for instqnce

yeah, the good thing about COVA is the fact that it is open source this means it can evolve beyond what the team intended for it i believe it going to take sometime before we can start reaping the benefit

True this.. This is why I have great respect for open technology and open source events
It allows innovation beyond imagination however it could be open for abuse as well which by itself is a flip side

Topic: 🔵🔵🔵[ANN] Covalent.ai – A Smart Policy Platform 🔵🔵🔵 - page 29. (Read 50787 times)