Cove Identity Reviews for December 2024

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I feel somewhat confused about CoveIdentity. On the one hand, they do have a working product, a mobile application that was updated in July and downloaded 10K+ times, though most of them must have come from the paid Indian services. Nevertheless, it means that the project keeps on working on the app. On the other hand, two of the founders, Sarvprie Soni and Josh Bishop, has apparently left the project while the other, at least that’s what their professional profiles indicate. This can’t be good, so I would think twice before investing in CoveIdentity now.

I am definitely in strong support of the idea that provides for storing sensitive data on blockchain, but it is also super important to know who is going to handle this data, or at least who stands behind the development of a particular solution. I didn’t find any of such information on the CoveIdentity website - only some general information about the startup and a blog. They have provided a company address, but they should have considered the fact that not everyone has enough time to do the research.

Data security is definitely an acute problem of modern society - just look at the mess that Facebook made with the users’ personal data. Cove Identity, and a bunch of other blockchain projects which preach the idea of storing sensitive data on blockchain, are making steps in the right direction and provide the solutions that must be adopted by every person, who takes the security his or her data seriously. There is one problem, though, and it constitutes in the fact that Cove Identity should have established close cooperation with the government authorities and make it a core message of their marketing campaign. I mean, if can’t get the police to validate my driving license stored in their app, for instance, then it has a very limited scope of use.

The project appears to hold great potential for the future of handling important documents. While this area has already seen many different projects that aim to do the same, most of them are either stuck or were too weak to survive the crypto winter. Meanwhile, Cove already has quite an effective team of 15 members, it has already developed and launched its product, and the investment in its token might bring major returns.

With the world moving towards the digital, having a capable project that would allow people to store important documents in their digital form is becoming increasingly important. Moves like this might help prevent issues like identity theft, fraud, and alike, and thanks to the blockchain, people will know that their personal information is safe and immutable at all times.

* Crypto Rating accepts no liability for content of the Cove Identity reviews made by the site users. The entire responsibility for the contents rests with the authors.

ICO Rating – Top Ongoing ICOs 2024

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#	ICO	Founded	Rate	Status	KYC	Category	Start	End
1	CNX Network	2022	4.943	Active		IoT	July 1, 2022	December 31, 2022
2	Wrapped Minima	2018	4.941	Active		Blockchain Infrastructure	February 14, 2023	February 28, 2023
3	EMCODEX	2021	4.94	Pre-sale		Commodities, Synthetic Assets	May 18, 2021	September 30, 2021
4	LetStudy	2020	4.935	Upcoming		Education	August 1, 2021	August 1, 2022
5	FUNA	2022	4.931	Active		AI	June 15, 2022	August 31, 2022
6	My Lotto Coin	2020	4.93	Pre-sale		Gaming, Lottery	April 1, 2021	June 30, 2021
7	Blockster (BXR)	2021	4.93	Upcoming		Media	May 31, 2021	October 12, 2021
8	BattleKnight	2021	4.927	Active		Game, NFT	February 5, 2022	November 30, 2022
9	Fanadise	2021	4.92	Pre-sale		NFT, marketing, staking, BSC	May 12, 2021	June 30, 2021
10	Recast1 Token	2021	4.91	Active		Trade, Stable Coin, Proof of Transfer and Stake	June 15, 2021	December 5, 2021