Cobinhood: More Than Just An Exchange

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I love watching the arrow. The character reminds me of Robin hood. If you have no idea who Robin Hood is, Robin hood is a hero of the people who steals from the rich to give to the poor. This brings me to the project that I am reviewing today called Cobinhood. Cobinhood has been around since last year and is basically a cryptocurrency exchange. I have to be honest, I have never heard of Cobinhood until today and I find that one of the main reasons for this was the lack of hype. A quick Youtube search would show a lot of videos about its ICO but not so much of its tokens, the cryptocurrency traded on its exchange nor its unique practices in finance. It is due to the lack of hype that made me want to delv deeper. After some research, I find that Cobinhood's token (COB) is undervalued.

Just a quick note, I have not invested in Cobinhood in anyway and this is pure research so let's begin. What I find interesting about Cobinhood is with how they operate the exchange. While Cobinhood is obviously not going to steal from the rich, Cobinhood has a few great features that could save you some money.

The first reason is an obvious one. Instead of telling you what it is, I will show you what I mean from a screenshot taken on coinmarketcap.com:

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ZERO FEES! That's right, unlike all the other exchanges Cobinhood charges no fees for buying and selling of different cryptocurrencies on their exchange. Unlike the Robin hood who steals to feed others, Cobinhood digs into their funds from their ICO to 'feed' (pay) the transaction fees. Surprisingly, Cobinhood is ranked 95 in the top 100 exchanges in terms of volume. It has however over 121 different markets listed on it.This includes different coins as well as pairs for trading.

Cobinhood has a whole host of other features to check out and you can really get lost in the services they have. I think that Cobinhood is more than just a crypto exchange for a few reasons. For one, Cobinhood tries to incorporate many features that are related to Blockchain technology, finance and cryptocrrency. So lets start with the Blockchain technology bit. Let's imagine that you have just created your own coin called the VaderCoin and you are about to launch your ICO. However, you have no idea what to do or how to go about it.

This is where Cobinhood comes in. The team would assist you in sorting out all the fine details related to launching an ICO. Cobinhood will provide assistance in several aspects. First, Cobinhood would help you pool investment from their 300,000 traders and investors. This is an important component as you will need people to invest in your project . Aside from taking care of the finance portion of your project, Cobinhood will also take care of your ICO preparation, ICO promotion, token sale and later, listing on the Cobinhood exchange.

With the support given on ICO preparation and promotion, I think this will mitigate the potential failure of the project. I was once in a talk on ICO promotion and preparation and the process is complex. Furthermore, through the assistance given by Cobinhood, one notable success story is Cybermiles. The ICO managed to raise up to 84,146 Ethereum. In addition, the efforts of Cobinhood led to a highly supportive and strong community under Cybermiles. This is seen in Cybermiles recent resilience in a rather bear market.

If however you have already raised enough funds for your project, Cobinhood also provides the service of listing your ERC-20 token instantly on their exchange. All it takes is for you to fill up a form and your token will be listed within a day. Not bad considering some exchanges would take up to an eternity (I'm exaggerating) to get your token listed.

Aside from instant listing, Cobinhood also offers margin trading with... you guessed it! Zero fees. Cobinhood's margin trading is what I would deem the finance aspect of Cobinhood. In essence, you will be able to trade with up to three times the leverage for certain pairs. With zero fees, it is likely that any of your earnings will be maximized. On top of that, funding facilities are also offered by Cobinhood as well, just in case you feel like you're going to win big on your trades but don't have enough funds.

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In addition, you can also invest with USD in exchange for Bitcoin, Ethereum or USD Tether. This is extremely convenient considering that I used to have to use an exchange to convert my local currency into Bitcoin before sending it off to another exchange that I plan to trade. This will surely make purchasing cryptocurrencies more convenient for the masses.

A final point that I would like to note with Cobinhood is that I think that it will continue to launch more features in the future. Even with its impressive list of features, I believe that they will continue to do more. I particularly like their free airdrops features which is rather unique. The airdrop feature is gamified whereby you may be airdropped a certain token but you are required to hold on to it to qualify for the next airdrop. This encourages HODLing which would prevent any particular coin or token listed on Cobinhood from tanking.

In addition, Cobinhood has a proprietary system with the ability to process millions of transactions in milliseconds. This ensures that if they were to be an exchange with volume rivaling Binance one day, they will be prepared. With that said, they are planning to launch a decentralized exchange very soon. The proposed deadline is Q3 2018 but as of now, I am still waiting to explore their new decentralized exchange. As such, I see promise in Cobinhood and would be diving into it more in the next post. It is safe to say that this could be one very much undervalued coin that should deserve your attention too.

Project Website: https://cobinhood.com

· Products & Services: https://cobinhood.com/ico-services

https://cobinhood.github.io/api-public/

https://cobinhood.com/margin-trading

and https://cobinhood.com/instant-listing

· Cobinhood Team: https://cobinhood.com/about

· Cobinhood Story: https://youtu.be/4Ro3kKnZIG8

· Facebook: https://www.facebook.com/cobinhood.exchange/

· Medium: https://medium.com/@Cobinhood

· Twitter: https://twitter.com/COBINHOOD

· Instagram: https://www.instagram.com/explore/tags/cobinhood/

Youtube link

https://bitcoinexchangeguide.com/cobinhood/

Many of the findings here are researched but are based on my own opinion. I welcome any debate and discussion but I am no financial adviser. As such, always do your own due diligence before selling your kidney to invest in anything.