COOK PROTOCOL - Highly secure and transparent Decentralized Asset Management Platform

maverickcoins17 (25)in #cookprotocoldefietherum • 4 years ago

Background Information
Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”. Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast. To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent. With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Overview of the Cook Protocol
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.

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.

The Mission

To provide monetary experts with safe, clear and outstanding assets for board organization.

To provide savings and gadget board asset combinations to the shop head.

The Vision

To democratize the organization of safe, clear and extraordinary money with suffering, fruitful results.

Become a decentralized asset that moves the world on the stage.

The Features

Cook Protocol would expand into the crypto investment management segment, which is already estimated at hundreds of billion USD and is rising rapidly. Cook Protocol enables clients to choose the best investment options created by portfolio managers. They have a sleek and easy-to-use guide for investors and fund managers with powerful economic resources.

For Investors

User-friendly UI

Simple and sleek interface to help users navigate through the land of the sophisticated DeFi world.

Investment Variety

An index-based fund that is actively managed.

Security & Transparency

The security of funds and transparency of information is guaranteed by the ethereum blockchain smart contract.

For Asset Managers

Lower initialization fee

Elimination of large legal fees and various fees for initiating fund management and management and receiving money from investors.

Professional trading tools

Access to various financial markets and blockchain-based trading tools, such as token price prediction models.

IP protection

No need for an open source investment strategy.

The Functions

COOK tokens are governance tokens that can execute several protocol modifications, including:

Modify Governance Model

If the holders of tokens are unhappy with the current governance model, they can suggest changes to better advance their interests.

Adjust Platform Fee

Cook token owners can consider increasing or reducing the fees paid on the Cook Protocol framework.

Change Pricing Oracle

Cook Protocol uses a value oracle to measure the worth of the investment portfolio. Token holders could vote to update the price oracle.

Update DeFi Whitelist

The whole Cook token group will determine whether to introduce or delete a new DeFi protocol to the protocol-level whitelist.

Add New Features

Cook tokens may also be used to decide on the addition of protocol-level functionality.

About The COOK TOKEN (ckToken)

It is the management tokens developed for various functions in the platform. It can be used to perform all sorts of updates on the platform. Holders of ckToken have power to make decision regarding the removal or adding any DeFi Protocol Whitelist. The token can as well be used for the regulation of the platform fees. Cook holders have power to take decision regarding increasing or decreasing commission on the Platform. Additionally, Cook Holders have power to restructure the management model. They can change the model if they find out the existing model is not effective. Oracles are being used to calculate the value of the investment fund, ckToken Holders can vote on the oracle price change.

Token Details

Token Name: Cook

Token Symbol: COOK

Token Type: ERC-20

Total Supply: 10,000,000,000

Token Allocation

10 billion COOK tokens will be minted during genesis. The token allocation is as follows:

60% of COOK community treasury with a six-year vesting schedule = 6,000,000,000 COOK.

10% for community incentives & Airdrop = 1,000,000,000 COOK.

10% for early community investors with price and time based unlocking schedule = 1,000,000,000 COOK.

10% for business and media partners = 1,000,000,000 COOK.

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.

For more information, please visit:

Website: https://www.cook.finance/

WhitePaper: https://www.cook.finance/wp-content/uploads/2021/01/Whitepaper.pdf

OnePager: https://www.cook.finance/wp-content/uploads/2021/01/One-Pager.pdf

Twitter: https://twitter.com/cook_finance

Telegram: https://t.me/cook_english

LinkedIn: https://www.linkedin.com/company/cook-finanace/

Reddit: https://www.reddit.com/r/CookProtocol/

YouTube: https://www.youtube.com/channel/UCGiAQqspfq9LE0XgFlywN7w/

GitHub: https://github.com/CookFinance

Bitcointalk Username: maverickcoins17

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3104674