Cook Protocol - The first decentralized asset management to use DeFi

trambulan (34)in #cookprotocol • 3 years ago (edited)

Cook Protocol is taking a leading role in creating the cryptocurrency asset management industry for private and institutional investors, combining the best practices of the traditional financial world with innovative DeFi technology. We are developing an ecosystem consisting of several main products: a platform for starting and managing investment funds, a news and market data provider with markets for asset managers, and an index fund based on our own cryptocurrency index family. Today, there are many viable projects that have released products or at least prototypes. However, all of them only specialize in a small part of the investment process. Unlike competitors, Cook Protocol developed a full ecosystem that opened access to financial infrastructure for investors and managers in one place. As for product and process optimization.

In the financial industry, blockchain technology and cryptocurrency have been the subject of heated debate over the past few years. Today, they are seen as revolutionary innovations that can change the foundations of the modern world economy. Rapid technological advances provide universal access to information and bring globalization, but have failed to provide global prosperity. The widespread use of blockchain and cryptocurrency will open up the economy for millions of people who don't have access to traditional financial instruments or don't even have bank accounts. It will completely change the way they live and manage their finances letting them make payments, manage their property and receive loans.

When investors think gold is the most sparkling investment asset today, it turns out that crypto is the best performing investment asset during the year 2020, beating gold's performance. Based on Bloomberg data, the Bloomberg Galaxy Crypto Index, which measures the strength of a group of crypto assets, has moved up more than 66% during the year 2020.

This performance was much higher than that of other investment assets such as stocks, bonds and commodity assets. In fact, it is more moncer than gold, which only recorded an increase of about 20% year to date.

If more detailed from the index, the strengthening throughout the year 2020 was led by ethereum which managed to gain 161%, followed by bitcoin which rose 45.6%, and XRP coins which rose 21.44%.

The digital asset management industry is just starting to emerge. The proportion of assets under management relative to the capitalization of the entire cryptocurrency market is negligible (around 1%). If we draw a parallel with the classical financial market, the volume of digital assets under management should grow 30-40 times its current amount.

Token Information:

Token Name: COOK
Token Type: ERC20 Ethereum
Token Price: $0.025
Total Supply: 10,000,000,000 COOK

Cook Protocol is running a Private Sale at the moment. People, who would like to participate in the Cook Protocol Private Sale, need to contact this e-mail address: [email protected]

The details of the Private Sale are as follows:

Private Sale Stage 1 Ending Date: 01/24/2021
Private Sale Stage 1 Price: $0.005

Mining: 60%
Part of the tokens is reserved for mining rewards.

Community Incentive & Airdrop: 10%
Part of the tokens is used to bootstrap the ecosystem.

Early Community: 10%
Tokens reserved for private sale to early community members willing to contribute to our ecosystem.

Business & Media Partnership 10%
Rewards for marketing and partnership.

Team 10%
Tokens allocated to the core developers and team members on a price-based release schedule after a 90-day cliff.

The proceeds from the token sale will be carried forward to achieve the goals stated in the road map. Work will be focused in the following areas:

▪︎Cook Protocol will launch an initial liquidity mining program in Q1 2021, shortly after the Uniswap listing. The goal is to use liquidity mining rewards to kickstart our ecosystem and attract more participants. The initial program intends to target the ETH/COOK pool on Uniswap v2.
▪︎Once Cook Protocol is launched, investors can stake their own fund-specific ckTokens (Fund LP tokens). Locked ckTokens will help Cook Protocol reserve liquidity and attract more fund managers. In return, investors are rewarded with COOK tokens.
▪︎A referral program will be implemented to encourage existing ecosystem participants to recommend joining the Cook Protocol ecosystem to their friends, family, and colleagues. COOK tokens will be distributed to referees based on the number and quality of investors and fund managers they are able to introduce to the ecosystem.
▪︎Cook Protocol will also periodically launch contributor grants to reward individuals and teams for actively participating and contributing to our ecosystem. Community initiatives such as bug bounty will be launched to ensure the quality of our code and the robustness of our ecosystem.

That is my explanation about the Cook Protocol platform, hope it is useful for readers.

For more information :

Writer : esoncahgresik
ETH : 0x0a5500C0Cd3907853f3760874B19E2F5969117E2