Cobinhood| A closer look at the commission-free cryptocurrency exchange (VIDEO INCLUDED)

in #cobinhood • 6 years ago (edited)


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Hello everyone, this is @king-oghie. Firstly, I sincerely wish everyone an awesome week ahead. Today I'll be explaning the commission-free cryptocurrency known as, Cobinhood.
Decentralized crypto exchange blockchain never ceases to amaze me, if you've been following my previous posts then you can testify to the point am trying to make. Every blessed day, a new innovative digital platform is brought into the existing ones, with a promise of reward or pleasure respectively.

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Table of contents

  1. What is Cobinhood
  2. High trading fees
  3. How Cobinhood will tackle the centralized digital protocol
  4. Whats under the HOOD
  5. Conclusion.

What is Cobinhood?

COBINHOOD is the next-generation cryptocurrency exchange platform that tags itself as the first zero fees in terms of transferring digital asset across other blockchains. Being the worlds first zero fee crypto exchange platform, one of its major objectives is to abort numerous challenges and obstacles that challengs current exchanges. Below are a few of the problems;
  • Scam and ponzi scheme
  • Transaction delays
  • Inadequate price uniformity
  • Price manipulation etc
COBINHOOD was founded by Popo Chen. An entrepreneur and an electrical engineer, Popo merited his Master's Degree in electrical engineering at a very tender age (22 specifically). Since the inception of this platform, it's user base has grown rapidly, resulting in over 5 million active users. 20% of these users are investors and financiers. His co-founder is Wei-Huang.
According to Wikipedia, Wei-Huang has 3 years of working experience at Google moreover, he has more than five years work experience in open-source projects. Oh well, what else should we expect from two technology driven and crypto enthusiasts other than the next-generation platform where transaction fees are terminated.

High trading fees

Nevertheless, since the platform has a long-term impact on its users, there will be zero fees when the clients place an order on the exchange platform. This also explains that, the platform will take 0% fee on both the buy and sell order of any trade. Don't get confused, this 0% fee won't be applied when a user makes deposits and withdrawals. The exchange platform will still request the transaction fees, that will eventually be used to validate transactions on the platform.
Moreover, the fees a client is required to pay are directly proportional to the exact type of cryptocurrency they desire to trade as well as the charges that crypto exchange will take. After intensive research I did, I realize that Cobinhood shares something similar to binance with their native token. This implies that users are free to use their existing Cobinhood tokens as a means of payment for withdrawal and transaction. Hence, clients will be acquainted with a 50% discount when making a withdrawal. Cobinhood, therefore, will be the one to pay for the other half for all the withdrawals a client makes. But this will only be possible as long as the client has a significant amount of OCB in his wallet.


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How Cobinhood will tackle the centralized digital protocol

Basically, it's the desire of every currency to implement a technique that will be used to govern the circulation of fiat (money) as well as security policies that will avert fraud and impostors.

The Central Bank plays a crucial role in the circulation of paper money (Fiat money). As far as I can tell, they introduced this technique so as to eradicate the unlawful use of counterfeit. However, applying this format will absolutely amplify intense complexity and difficulty of counterfeit. Albeit, it'll take a more advanced security system to conquer the production of counterfeit currencies altogether. With that being said, cryptocurrencies (digital currency) must have implemented a more advanced security system that has been tested and confirmed to terminate all fraudulent acts. In no alphabetical order, I'll list how Cobinhood desires to tackle these centralized digital protocols;

  • 75% of the trader's funds will be stored under the platforms vault. Hence, before any third party can access those funds, they'll need a multi-signature. Which is impossible to breach.

  • Cobinhood promise it's clients an offering of 10x margin.

*, Unlike other centralized digital platforms that are affected by China regulations such as; delay in the transaction and excessive transaction fees, Cobinhood is free from such restrictions as it offers 0% fees for every transaction.

  • In a video I'll be dropping below, the platform has affirmed to be the next-generation cryptocurrency exchange platform where transaction fees are terminated.

  • Centralized exchange assets will be covered by an insurance policy, while decentralized assets will not be.

Whats under the HOOD?

Generally, all decentralized blockchains depend solely on the safety of their client's funds. Hence, the developers behind Cobinhood have promised it's clients a more reliable technology innovation, that'll intensify the safety of its clients and also conduct the security built into other blockchains transactions.

COBINHOOD is housed in technology built on the Google Cloud Platform and programmed with Golang. The stepped security measures of the platform and program language interconnect for maximum security for all financial transactions.

However, it's information focus at the Google Cloud Platform (GCP) making the platform untouchable for fraudsters. Also, the GCP compact comes with a featured layered security model, whereby users are eligible to customize both internal and external preface around the platforms environment.

In conclusion:

This is a wake-up call to every trader in the crypto space. Don't miss out on this revolution that is out to end transaction fees with an assurance of zero fees for its clients.

Watch their YouTube video below for more knowledge and understanding;

For more information and resources, visit the links below;

Project website

Project and website

Wallet app

Press release

Cobinhood, South East Asian Blockchain Submit

Crunch base

References: 1 2 3 4 5

#undervaluedcoin #zerofeeexchange #cryptocurrency #ico
6 years ago in #cobinhood by
$11.53
  • Past Payouts $11.53, 0.00 TRX
  • - Author $8.23, 0.00 TRX
  • - Curators $3.30, 0.00 TRX
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     6 years ago 

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