Cobinhood Article of Investment

Cobinhood Article of Investment
Prepared by: Matthew Garcia, CEO Zero Point Technologies LLC Prepared: 10/4/2017 11:00:00 UTC, Revised: 10/11/2017 15:33:00 UTC

A crypto currency is a digital currency that is created and managed through the use of advanced encryption techniques. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. So, will these alternative currencies eventually supplant conventional currencies and become as ubiquitous as dollars and euros someday? Or are crypto currencies a passing fad that will flame out before long? The answer lies in education and market analysis.

ADVANTAGES OF CRYPTO CURRENCY:
Example: Central governments can’t take it away.

Remember what happened in Cyprus in March 2013? The Central Bank wanted to take back uninsured deposits larger than $100,000 to help re-capitalize itself, causing huge unrest in the local population. It originally wanted to take a percentage of deposits below that figure, eating directly into family savings. That can’t happen with crypto currency. Because the currency is decentralized, you own it. No central authority has control, and so a bank can’t take it away from you. For those who find their trust in the traditional banking system unraveling, that’s a big benefit.

Let’s take a look at some of the improvements that can be made to fiat currency by shifting towards digital cash.

⦁ Fraud: Crypto curerncies are digital and cannot be counterfeited or reversed arbitrarily by the sender, as with credit card charge-backs.

⦁ Identity Theft: When you give your credit card to a merchant, you give him or her access to your full credit line, even if the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the payment and pulls the designated amount from your account. Crypto currency use a “push” mechanism that allows the crypto currency holder to send exactly what he or she wants to the merchant or recipient with no further information

⦁ Immediate Settlement: Purchasing real property typically involves a number of third parties (Lawyers, Notary), delays, and payment of fees. In many ways, the bitcoin/crypto currency blockchain is like a “large property rights database,”. Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.

⦁ Access to Everyone: There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t currently have access to traditional exchange systems. These individuals are primed for the Crypto currency market. Kenya’s M-PESA system, a mobile phone- based money transfer and micros financing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet.

⦁ Fees: There are not usually transaction fees for crypto currency exchanges, and there are none for Cobinhood, because the miners are compensated by the network. Even though there’s no crypto currency transaction fee, many expect that most users will engage a third-party service, such as Coinbase, creating and maintaining their own bitcoin wallets. These services act like Paypal does for cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to charge fees. It’s interesting to note that Paypal does not accept or transfer crypto-currency.

There is no other electronic cash system in which your account isn’t owned by someone else. Take PayPal, for example: if the company decides for some reason that your account has been misused, it has the power to freeze all of the assets held in the account, without consulting you. It is then up to you to jump through whatever hoops are necessary to get it cleared, so that you can access your funds. With crypto currency, you own the private key and the corresponding public key that makes up your crypto currency address. No one can take that away from you.

The next question which arises is, what is the Blockchain?

WHAT IS THE BLOCKCHAIN AND HOW DOES IT WORK?

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology. Of particular note, the rise of the Ethereum smart-contracting platform has given rise to a new generation of complex interactions between economic players. In conclusion, the blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.

BENEFITS TO BEING A COBINHOOD TOKEN HOLDER:

The world is becoming more and more economically unsafe. This is not to say we are not growing. Our economic machine is like a glass jaw. one small punch to it and it all comes crashing down!

Both long term and short term this is not good for you and all of the hard working citizens of the world. It is highly suggested that one read the white paper (https://cobinhood.com/assets/whitepaper/whitepaper_en.pdf) for a complete list of details.

*COBINHOOD features multilingual support, including English, Spanish, Portuguese, French, German, Russian, Chinese, Japanese, Korean, and Arabic.

*COBINHOOD greatly improves user experience by providing 24/7 online customer service.

*All transaction records are stored in Cloud Spanner, a relational Google Cloud Platform database.

*In stress tests designed to push the platform to its limits, COBINHOOD averaged 1,154,284 orders and 10,142 order book updates per second for each trading pair,  making it the world’s first crypto currency exchange capable of true high-frequency trading.

*50% off margin trading loan interest can be availed when paid with COB tokens.

*When COBINHOOD underwrites an ICO, COB token holders will be able to get future ICO tokens at significantly lower rates.

*COBINHOOD token holders can bind their Ethereum wallet address, which is holding COB tokens to their COBINHOOD trading platform account, by calling the binding function in COB token smart contract. After the binding is complete, COB holders can get the ICO tokens at a lower rate on the COBINHOOD exchange.

*COBINHOOD will make efforts to maximize a COB token holder’s benefits. There may be more privileges for COB token holders in the future.

HOW DOES COBINHOOD MAKE MONEY WITHOUT CHARGING FEES?

While high trading fees are standard among normal exchanges ( a 0.20% trading fee is average among the top 30 exchanges), Cobinhood avoids charging fees through creative thinking. In particular, by solving the parallel and related problems of low liquidity of ICO tokens and poor oversight of ICOs, Cobinhood gains a strong new revenue source (the initial ICO offering will have 5% reserved for an underwriting service fee, and the percentage is subject to change depending on different projects ). And, by bringing all the new funds for these newproducts and services to market, Cobinhood not only shores up its own bottom line, but benefits the entire crypto currency markets!

HOW CAN COBINHOOD HELP A SMALL COMPANY?

Lets say you are a small company or a start-up looking to get into the game. How can Cobinhood assist?

The first and perhaps most obvious indication is the zero trading fees. This alone allows profits to rise during and after trades and transactions and conserves the value of even a small asset pool being invested in the crypto-assets of choice. In addition, Cobinhood’s ICO Spark program is a perfect fit for small companies, such as ourselves, that hope to perform an ICO to gain greater funding for our hard-designed technologies, but who do not have all the requisite in-house expertise, or large enough team yet, to execute a massive ICO operation on our own.

Finally, the initial ICO bonus also, is a great boon as profits are all but guaranteed come November as the exchanges begin to open. I feel any decentralized currency is becoming more and more lucrative to investor and entrepreneur alike, and market trends are revealing this more as well.

Opportunity is always knocking, will you answer?

IN CONCLUSION:

We are entering a new age of digital currencies, where finances that are backed by transparent technologies and protocols will inevitably triumph over the Federal Reserve notes and other fiat currencies, who rest only upon implicit trust. I think most agree that governments are not completely transparent with the civilian people they claim to be serving, reducing this trust. True prosperity arises from trust and creating a monetary system that is based on resources, such as technology, agriculture, industry, etc. Not taxes, interest, inflation and debt. Most all fiat currencies are debt based, and therein we begin to see why crypto currency built upon blockchains are destined to be successful.

In the context of this crypto currency revolution, Cobinhood has arisen as a promising and powerful new player that promises great new prosperity for all and to extend the burgeoning riches of the few to the many. Buying Cobinhood tokens give a host of benefits , the new trading platform will allow for great wealth accumulation through a free and fair market, and eventually many new small startups will be able to use the platform as well to launch their dreams. We thank you for taking the time to read and we wish you great prosperity!

INFORMATION/REFERENCES:

Website: https://cobinhood.com/

Whitepaper: https://cobinhood.com/assets/whitepaper/whitepaper_en.pdf

Blog: https://medium.com/@Cobinhood