COBINHOOD | ZERO TRADING FEE CRYPTOCURRENCY EXCHANGE

in #cryptocurrency7 years ago


WHAT IS COBINHOOD?


COBINHOOD is a cryptocurrency service platform for the blockchain era. The first service launched by COBINHOOD is the world’s first zero fee high-frequency cryptocurrency trading exchange that solves existing problems of cryptocurrency exchanges. It provides spot trading and margin trading with ZERO trading fees to maximize traders’ profit and market liquidity. COBINHOOD also provides ICO underwriting services to solve the problem of ICO token liquidity issues
COBINHOOD features ZERO trading fees to maximize traders’ profit and market liquidity. It has the ability to process more than one million orders per second, achieving the true “real-time” trading experience, and rendering it the world’s first cryptocurrency exchange capable of high-frequency trading. Furthermore, COBINHOOD aims to solve ICO tokens’ liquidity issues through its ICO underwriting service.

COBINHOOD will support the following cryptocurrencies:

What the Features COBINHOOD Cryptocurrecny Exchange?
• ZERO Trading Fees
• 100% Reserve Guarantee
• Offline Multisig Wallet Security System
• Crypto Assets Backed by Insurance
• Two-Factor Authentication Enforcement
• Distributed Order Matching Engine
• Wide Range of FIAT Currencies Supported
• The Most International Cryptocurrency Exchange
• Responsive 24/7 Online Customer Services
• User-friendly KYC Process
• Decentralized Exchange
• Design of COBINHOOD Website and App

FEATURES OF COBINHOOD ICO UNDERWRITING SERVICE

  • ICO Due Diligence
    It is very difficult for ICO investors to tell if an ICO project is promising or not. COBINHOOD ICO review team makes a huge difference. The team will review ICO projects on different aspects, including project feasibility, idea novelty, financial justification, and legal compliance.
  • ICO Smart Contract Code Review
    In June 2016, The DAO was able to raise 150M USD within a short timeframe; however, due to the flaws in its smart contract code, a hacker was able to steal 50M USD from it. COBINHOOD’s experienced technology team will review ICO smart contracts to eliminate errors, bugs, or backdoors.
  • ICO Legal Compliance Review
    COBINHOOD is committed to achieving the highest possible standards for legal compliance. COBINHOOD’s legal team are highly experienced in securities law and banking law. All ICO project’s white paper documents and ICO terms will be examined for compliance with legal regulations.
  • ICO Spark Program
    COBINHOOD ICO Spark Program is launched with vision to help companies integrate their products and services through the use of blockchain technology. TM A well-known example of traditional and blockchain technology integration is “FunFair.”
    FunFair creates a fair gambling environment for players with Ethereum smart contract technology. FunFair FUN token’s market cap is now 98M USD as of August, 2017[4].
    Another example is Lampix, a computer-vision AI startup whose machine-learning algorithm can transform any surface into a smart surface[5]. In August 2017, it launched an ICO for its PIX token, an image-mining blockchain. Its ICO was a success with 14.2M USD raised[6] in 8 hours.

HOW ABOUT THE COBINHOOD’s Business Models?

  • Margin Trading Loan Interest
    Users can opt in to become margin trading loan providers and receive interest earnings with their asset deposits. COBINHOOD will automatically determine the interest rate based on margin trading loan supply and demand. A portion of earnings generated from interest payments will be collected by COBINHOOD.
  • COBINHOOD Prime
    COBINHOOD will launch COBINHOOD Prime service for individual traders in 2018. Traders can subscribe to COBINHOOD Prime service for higher leverage on margin trading, lower latency ticker, and higher trading API rate limit on COBINHOOD exchange. Also, COBINHOOD Prime subscribers will have escalated customer assistance, dedicated phone support, a committed customer success account manager, and 100% uptime SLA. COBINHOOD Prime service will be subject to annual subscription fee.
  • COBINHOOD High-Frequency Trading Server
    COBINHOOD will launch its high-frequency trading server subscription service for investment banks, hedge funds, and institutional investors. These servers will be hosted on the same network with COBINHOOD order matching engine, providing ultra lowlatency ticker and unlimited API rate on the COBINHOOD exchange. Trading algorithms can be deployed onto these servers for high-frequency algorithmic trading. The highfrequency trading servers will be subject to annual subscription fee.
  • COBINHOOD ICO Underwriting Service
    A percentage of ICO tokens underwritten by COBINHOOD will be collected as underwriting service fee.
  • COBINHOOD Financial Center
    COBINHOOD will launch more financial products and services in the future, for example, crypto assets trading with stocks, forex, commodity, market indexes, and futures. In addition, COBINHOOD will also launch cryptocurrency wallet and payment services.

ROADMAP

WHAT’S ABOUT COBINHOOD ICO?

ICO Plan
Participate in COBINHOOD’s ICO to sponsor COBINHOOD exchange development. COBINHOOD’s token symbol will be COB. COB tokens are based on Ethereum ERC20 token standard. A total of 1 billion COB tokens will be issued. 500 million COB tokens will be available for ICO.
ICO Amount: 50% (500M COB tokens)
COBINHOOD Inc. Amount: 40% (400M COB tokens)
Private Placement Amount: 10% (100M COB Tokens)
The COBINHOOD ICO starts on September 13th, 2017 and continues until October 22th, 2017. Only Ethereum is accepted.
The rate of COB will be as follows:
9/13 - 9/19:
1 ETH for 5600 COBs (40% bonus)
9/20 - 9/26:
1 ETH for 5200 COBs (30% bonus)
9/27 - 10/3:
1 ETH for 4800 COBs (20% bonus)
10/4 - 10/10:
1 ETH for 4400 COBs (10% bonus)
10/11 - 10/22:
1 ETH for 4000 COBs
The COBINHOOD exchange is scheduled to go online on November 1st, 2017. COB token can be traded on the COBINHOOD exchange once it is online. *Participation in the COBINHOOD ICO means you are sponsoring the development of the COBINHOOD exchange platform. COBINHOOD, Inc. does not and cannot promise any guaranteed returns for ICO participants.
*COB token is not security since it does not reflect the ownership of COBINHOOD, Inc. legal entity.

HOW ABOUT THE COB TOKEN PRIVILEGES?

COBINHOOD ICO participants will be eligible for several privileges. For example, 50% off margin trading loan interest can be availed when paid with COB tokens. Another privilege is, when COBINHOOD underwrites an ICO, COB token holders will be able to get future ICO tokens at significantly lower rates. The amount of ICO tokens that a COB token holder can get at a lower rate is as follows:
(ICO Tokens Received by COBINHOOD from ICO Underwriting Service) * (The Amount of COBs Owned) / (Total Amount of COBs)

HOW ABOUT THE ICO FUNDS USAGE?

All funds received from the ICO will be used for the development of the COBINHOOD cryptocurrency exchange platform. Specifically:
40% Product Development Recruitment of top talent to maintain COBINHOOD's competitive edge, as well as develop new financial products and services.
20% Operation
Cost for servers and customer service.
20% Marketing
To rapidly increase market shares.
10% Auditing and Security Compliance
COBINHOOD will make all efforts to ensure security of all users' crypto assets, aiming to achieve banking industry level auditing and security compliance.
10% Legal Affairs
Legal compliance is key to COBINHOOD's long-term success.

OUR TEAM



MEDIA

For more information visit us :

Official Website : https://cobinhood.com/
Facebook : https://www.facebook.com/cobinhood.exchange/
Twitter : https://twitter.com/cobinhood
Email : [email protected]
Github : https://github.com/cobinhood/cobinhood-api-public
Medium : https://medium.com/@Cobinhood/
Telegram : https://t.me/cobinhood
Kakaotalk : https://open.kakao.com/o/gLRkJmA
LINE : https://line.me/en/
Whitepaper : https://cobinhood.com/assets/whitepaper/whitepaper_en.pdf
Bitcointalk : https://bitcointalk.org/index.php?topic=2169745.0

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