Explanation About Cobinhood
Currently, the development of digital currencies is very rapidly growing worldwide. Admin taste currently there are approximately 900 digital currency circulating in the market with different basic. All strive to be best in both price and competitiveness in the market. This time we will return to discuss an ICO project called "Cobinhood" which will give us easiness in making sale and purchase of cryptokoin at a very affordable cost. Immediately we discussed.
COBINHOOD is the cryptographic service platform for the blockchain era. The first service launched by COBINHOOD is the world's first zero cost that has a high frequency exchange of cryptocurrency trading that solves the existing cryptocurrency exchange problems. It provides spot trading and margin trading with ZERO trading costs maximizing trader profits and market liquidity.
Problems and Solutions
Cobinhood tackles the issue of high trading costs by building a next-generation digital currency exchange that charges zero trade. This allows traders to retain a higher share of their profits because the benefits are not reduced by the trading costs payable by all digital currency exchanges.
This will be very well welcomed by a very active digital currency trader who will usually collect a fair amount of trade costs every week. Cobinhood, however, will not charge a transaction fee. Instead, the company will generate revenue by providing margin trading loans up to 10x leverage to be charged interest.
Cobinhood will also provide an initial coin offering underwriting service which will only list and bear ICO who will undergo a full due diligence before applying to ensure that only high quality ICO launches on the platform.
The exchange will initially receive ten currencies and plans to be launched with 17 digital currencies. Furthermore, Cobinhood will insure all user funds stored in the online wallet and will keep most of the digital currency deposits in the multi-dome offline dome to provide cutting-edge security for its users.
Services For Investors
The Cobinhood team has done an excellent job of responding to key questions posed by potential contributors through various videos, live streams and social media. Companies actively use all popular communications channels commonly used during token sales, such as Twitter, Slack, Telegram, Cocoa, Medium, and BitcoinTalk Forums to engage with the broader digital currency community.
Cobinhood has also published its API code at GitHub and has updated it regularly as it is under "heavy development" at the moment. Also, token sales sales contracts can be viewed publicly on EtherScan.
Evaluation and Analysis of ICO
Cobinhood has managed to garner much attention through the proposed no-cost trading model and is likely to experience a surge of new users through its main value proposition when it was launched in November. Merchants will mainly see margins for buying COB tokens to reduce interest costs when they trade. Once the ICO period is up and running, the token can also be seen as a surge in demand by users looking to invest in ICO at a discount to maximize their profit potential.
Therefore, Cobinhood is not the first exchange to issue its own digital token and is unlikely to be the last. Two key token value propositions will find demand from certain cryptocurrency pockets, ie traders and ICO investors, but it is likely to be difficult to raise funds from the wider community and newcomers to this asset class. Perhaps, if the Cobinhood token will result in a profit / income in the form of a dividend payment, the project can raise more money to fund its development.
COB Token Analysis
First, the trader holding the COBs token will receive a 50 percent discount for the interest charged on the loan. This may be very beneficial for experienced traders who use leverage to increase their profit potential when trading digital currencies. Second, when Cobinhood requires ICO, this can help increase profits for regular ICO investors who will use the platform.
Third, Cobinhood teams believe that COBs token market value will increase as its platform grows to become one of the world's largest cryptocurrency platforms. Founder and CEO Popo Chen also stated in a live broadcast of the AMA in September that further benefits for COBs token holders will come in the future.
Here's an explanation of the Analysis and Evaluation of the Cobinhood Platform, hopefully this information is helpful to all of Steemit's friends. I think Cobinhood will be a Platform that will handle all of our Crypto problems for now, and for the future. Because in Cobinhood has many advantages than on other platforms. And if you do not have a Cobinhood account please visit the link https://cobinhood.com/, to register. Thank you for all who have visited, and hope this can help all our problems about Crypto.
Please visit my previous post about Cobinhood, and here I will explain about What Cobinhood can do about Cryptocurrency for the future?