Cobinhood ICO- By participating in COBINHOOD's ICO, it means you will be for the part of the investor who sponsors the development of COBINHOOD exchange. COBINHOOD token sign is COB. COB Token is based on the standard Ethereum ERC20 token. A total of 1 billion COB tokens will be issued. But only 500 million COB tokens will be available for ICO.
The details are as follows:
- Amount for ICO: 50% (500 million COB tokens)
- Amount for COBINHOOD Inc: 40% (400 million COB tokens)
- Private Placement Amount: 10% (100 million COB tokens)
Schedule ICO COBINHOOD:
Starts on September 13, 2017 and ends October 22, 2017
For the purchase, investors can only be done with Ethereum, because only Ethereum is accepted.
The COB bonus for the purchase of each period is as follows
13 - 19 September 2017: 1 ETH will get 5600 COB (40% bonus)
20 - 26 September 2017: 1 ETH will earn 5200 COB (30% bonus)
September 27 - October 3, 2017: 1 ETH will get 4800 COB (20% bonus)
4 - 10 October 2017: 1 ETH will get 4400 COB (10% bonus)
11 - 22 October 2017: 1 ETH will get 4000 COB
The COBINHOOD exchange is scheduled to be available on the online exchange on November 1, 2017. COB tokens may be traded on the COBINHOOD exchanges after that time.
The unsold tokens during ICO will be ordered by Cobinhood Ltd. Then 10% of COB tokens owned by COBINHOOD Ltd. will be used every year.
Benefits of Having COB Token - Cobinhood
By having COB tokens, ICO COBINHOOD participants will be eligible for some privileges. For example, 50% of the tradeable difference lent can be cashed or cashed in with COB proof. Another privilege is, when COBINHOOD requires ICO, COB token holders will be able to obtain future ICO tokens at a much lower rate. The number of ICO tokens owned by holders of COB tokens at lower levels is as follows:
(COOINHOOD Tokens Received by ICO Underwriting Service) * (Number of COB Owned) / (Total COB)
COB token holders can lock the address of their Ethereum wallet, which holds COB evidence to their COBINHOOD trading platform account, by calling the intelligent contracting function of COBINHOOD token contract. Once lockout is complete, COB holders can get an ICO tokens at a lower rate on the COBINHOOD exchanges.
For example, COBINHOOD supports ICO for a token called XYZ. The total issuance of the XYZ token through ICO is 100 million and COBINHOOD takes 5% as an underwriter service charge. Holders of token 10 million COB will have a lower level, ie.:
5 million * 10 million / 1 billion = 50 thousand token XYZ.
COBINHOOD will work to maximize the benefits of COB token holders. There may be more privileges for holders of COB tokens in the future.
ICO Announcement Announcement
All funds received from ICO will be used for the development of COBINHOOD's cryptocurrency exchange platform. Specifically can be explained as follows:
40% For Product Development
Recruit the best talent to maintain the competitive advantage of COBINHOOD, as well as develop new financial products and services.
20% For Operations
Charges for server and customer service.
20% For Marketing
To quickly increase market share.
10% To Improve Security and Supervision
COBINHOOD will make every effort to ensure the safety of all users' crypto assets, aiming to achieve industry-level banking audit and security compliance.
10% For Legal Affairs
Legal obedience is the key to long-term success of COBINHOOD.
Business Model COBINHOOD
1. Limited Trading Loan Interest
Users can choose to be a limited trade loan provider and receive interest income with their assets. COBINHOOD will automatically determine the interest rate based on the supply and demand of the limited trade loan. A portion of the income generated from interest payments will be collected by COBINHOOD.
2. COBINHOOD Prime
COBINHOOD will launch COBINHOOD Prime service for individual traders by 2018. Traders may subscribe to COBINHOOD Prime services for higher leverage on margin trading, lower ticker latency, and higher API rate limits on COBINHOOD exchanges. In addition, Prime Customers COBINHOOD customers will increase customer support, dedicated phone support, account manager commitments make customers successful, and 100% fast for SLAs. COBINHOOD Prime service will be charged a yearly subscription fee.
3. COBINHOOD High-Frequency Trading Server
COBINHOOD will launch a high-frequency server subscription service for investment banks, hedge funds, and institutional investors. This server will be hosted on the same network as the COBINHOOD order matching machine, providing ultra low ticker and API ratios that are not limited to COBINHOOD exchanges. The trading algorithm can be used to this server for high-frequency algorithmic trading. The highfrequency trading server will be charged an annual subscription fee.
4. Underwriting Services COBINHOOD
The percentage of ICO tokens recorded by COBINHOOD will be collected as the cost of underwriting services.
5. COBINHOOD Financial Center
COBINHOOD will launch more financial products and services in the future, for example, crypto trading with stocks, forex, commodities, market indices, and futures. In addition, COBINHOOD will also launch cryptocurrency purses and payment services.
