When I reviewed Cobinhood's ICO over a month ago I said that their token (COB), will not be utilized in the traditional way that other exchanges, such as Binance, use their token to reduce fees and other smaller activities such as voting. On the other hand, Cobinhood does not use COB as the "fuel" on their blockchain. In Cobinhood's What are the COB token privileges? FAQ it says:

"When COBINHOOD underwrite ICOs, COB token holders will have the privilege to get future ICO tokens at lower rates than normal ICO participants"

At the time I didn't know what that exactly meant. I thought it meant COB HODLers will be able to trade in their COB in exchange for a big discount on companies that go through their ICO underwriting service.

Then, I received an e-mail yesterday with instructions on how to receive CyberMiles token reward distribution for COB HODLers. I was a little confused because it conflicted with my initial understanding so I went back to Cobinhood's whitepaper to see if they had explained COB privileges in more detail and it does:

I must have missed that passage or Cobinhood updated their whitepaper.

At any rate, here we are now. I did some quick ROI calculations (NOTE: your ROI will depend on how much you bought your COB). I'll use today's prices. Here is a pic of their issuing criteria spreadsheet if you HODL 0-10,000:

If you HODL less than 500 you get zippy. At 10k you get 665 CMT. Here is the ROI calculation:

10k COB at today's price = $700 USD.

665 CMT at ICO price = 1 ETH = 7000 CMT which is means you divide the current price of ETH (approx $350)/7000 = 0.05 per 1 CMT. Therefore 665 x 0.05 = $33.25 USD.

To figure out ROI then you take 33.25/700 = 0.0475 (4.75%). Not bad.

If you HODL more you get a little more, but I think only up to a 5% ROI.

I had terrible math teachers so check my math. Also note that this is initial ROI. As prices for CMT changes your ROI will be different. For example, your COB investment will always stay the same. If CMT goes from $0.05 to $1 then those 665 will be worth $665 and your ROI will be about 100%!

However, if CMT tanks your ROI will plummet along with it.

But imagine if Cobinhood their ICO underwriting stride and lists several ICOs a month.

Your ROI has the potential moon many times over!

So let's hope Cobinhood gets some epic ICOs to go through their service that, after time, will appreciate in price.

In sum, being a COB HODLers has the potential to be an incredible wealth builder as COB and ICO tokens that go through their underwriting service both appreciate in price.

Here is what I'm feeling right now:

I NEED TO BUY MORE COB!!!

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Traversing the Cryptosphere,
Kryptonaut