Identity theft has been a huge problem all around the world. Thieves are getting more and more creative about scamming and retrieving your identity through various schemes. If your identity has been stolen, you might as well say good bye to your perfect credit score and get ready for tons of spam letters, calls, and emails. However, there is a solution in the making. Cove gives you the ability to create a secure wallet where digitally verified copies of your most important documents are stored. This wallet will allow you to verify your identity online or offline in a matter of seconds while maintaining total security.
The Cove system will be based off of the Ethereum blockchain. Shells are the tokens which will be used throughout the Cove system as a micropayment mechanism. The Cove system will keep no more than 1 billion Shells in rotation. Out of those billion shells, 100 million was be used during a pre-sale after the 21st of September, 2017, and 410 million will be sold during a crowd sale around mid-October.
The idea of a secure blockchain based document wallet is very appealing.
About Cove Identity
Let’s take a look at some of the basic information about the Cove System.
- Cove Research Started in June 2016
- The Company Number in the UK is 10760166
- Minimum Deposit: 0.025 BTC
- Payment Method: Bitcoin & Ethereum
- Official Website: coveidentity.com
Cove Identity Investment Plans
There aren’t really any investment plans that are set in motion with Cove. Instead, they are offering bonus Shells for transactions that are higher in ETH. Your bonus Shells amount starts at 1% when you pay 3 ETH and goes up all the way to 20% if you pay 3,000 or more ETH.
Additionally, there will be different phases during which shells will be distributed. The pre-sale started on September 21st, 2017 and will have four phases throughout which the amount of shells you get per ETH will diminish from 5,000 Shells per 1 ETH to 3,334 Shells per 1 ETH in phase 4. This means that the early bird investors will get more Shells than others.
The crowdsale will be held in October, 2017, and the terms for it have not yet been determined. The team did mention that the crowd sale “in no circumstance will be superior to or benefit from the pre-sale terms.”
Cove Identity Benefits
There are a few reasons why someone would want to invest into a blockchain identity protection wallet system:
- Complete Security for Digital Documents
- iPhone and Android Compatible
- Easily Digitize Any Document
- Use Your Wallet To Verify Identity
- Bounty Program
- Referral Program
How To Reach Out
The Cove team is very active on social media sites. You can reach them on FaceBook, Twitter, and Linkedin. Additionally, their website gives you the ability to chat with a representative, and all you have to do is click on the chat icon at the bottom right of the screen. Otherwise, you can also contact them through the following methods:
Email : [email protected]
Address: 71-75 Shelton Street, London, WC2H 9JQ
Cove Identity Conclusion
Because identity theft is a real issue around the world, we definitely can see potential in this startup. Ethereum is one of the most secure blockchains in the cryptocurrency world, and we are pleased that this was the blockchain chosen for this project. You don’t have to contribute too much in order to become an investor, as Cove is happy to take as little as 0.3 ETH at the moment. This will certainly grow in value if it takes off. We think there is money to be made here, so give it a shot.
Note: We want you to know we are a safe haven for all bitcoin & cryptocurrency multipliers, tumblers, mixers, mining pools and HYIPs – if any bitcoin scam has happened regarding this program, please let us know in the comments as our internal investigation is still ongoing.