The advancement of cryptocurrency currencies has resulted in many people moving from traditional currency to cryptocurrency to transact. Excess cryptocurrency is the value of the circulating currency is not influenced by politics and also cryptocurrency is more simple because it does not require physical devices other than. Users only need internet access and SmartPhone or Desktop PC to access their financial assets. The role of the exchanger is now vital as the number of recent cryptocurrency trading transactions. Millions of transactions in every minute, causing heavy traffic, so most transactions run slowly or even fail. And also the cost of currency exchange can be a constraint of a trader, because they are not only once or twice in transactions in the exchanger, but almost hundreds of times a day.
COBINHOOD Platform
COBINHOOD is a service platform on cryptocurrency in the blockchain era. COBINHOOD will solve the problems experienced by most people who frequently move with cryptocurrency. Its main feature is FREE trading cost for people who want to sell and buy cryptocurrency. There are some cryptocurrency exchangers can not handle the high demand of cryptocurrency users. Thus, the services provided to be less than the maximum. COBINHOOD will be a future cryptocurrency exchanger with some ideas and innovations it has. The COBINHOOD feature in the cryptocurrency exchange is as follows.
- FREE Trading Fee
WOW ... What other exchanger could be like this. Only COBINHOOD offers free fee (no fee) in trading. When compared to bittr * x, a trader will be charged a trading fee of 0.25%, polony * x also charges 0.25% for trader and hitb * c fix fee of 0.1%. As is known, the three big exchangers have a large volume in a day and they are online for years. If a trader plays with large volumes, the cost will be huge as well and the trader may not only transact once in a lifetime. With the presence of COBINHOOD, your income when selling and buying cryptocurrency will increase. COBINHOOD 0% Trading fee.
- 100% Reserve Guarantee
COBINHOOD will be a transparent exchanger, where all online and offline wallets will be publicly audited. From here, all wallet transactions will be known to everyone. Its purpose is to avoid practices that harm users such as embezzlement or corruption. So users on the COBINHOOD ecosystem will feel secure and transparent about rotating funds.
- Offline Multisig Wallet Security System
The point is, all funds in COBINHOOD will be stored in the wallet offline and also online wallet. About 98% of the funds will be kept in an offline wallet, while 2% is stored in online wallet. The goal is to minimize the traffic on the wallet online, so the process of deposit and withdraw will be faster. While on the wallet offline has a super tight security system. To unlock it requires 8 Hardware Security Modules. If any of the items is not met, then the wallet will not be accessible. So the offline wallet will have a high level of security. Of course, this minimizes in the event of unwanted things such as hacked websites, funds will remain safe.
- Insurance For Cryptocurrency Assets
All funds stored in online wallet, will be backed by insurance. The point is paying before the rain, because we also do not know what will happen in the future. When the offline wallet is not available, the funds are still in the online wallet. So to maintain the security of these funds, COBINHOOD take a wise solution that is by registering on Financial Insurance. That way, funds remain safe and minimize the risk of stealing crypto funds.
- Two Factor Authentication
To login to the COBINHOOD exchanger portal, users can use the 2FA feature (2 Authentication Factors). Account security is a priority, because COBINHOOD is engaged in finance. While to withdraw funds or withdraw, the user must make confirmation via email. So security for user funds will be guaranteed.
- Distributed Order Matching Machine
COBINHOOD is built on the Google Cloud Platform and deployed by Golang to get a higher conclusion. Each orderbook is recorded on the Spanner DB which is Google Cloud's own database so it has strong consistency and the ability to scale horizontally. The orderbook information will be stored on the Redis cluster, an in-memory datanase that allows autoscalling horizontally.
- Supports broad FIAT Currency
COBINHOOD will support many fiat currencies in the platform. Users will have many options to make a deposit or withdraw. Some of the currencies COBINHOOD will support to enter the exchanger market are USD, EUR, JPY, KRW, CNY, HKD, CAD, GBP, AUD, NTD. In this way, users are more flexible in trading because of the large selection of available currencies.
- International Cryptocurrency Exchanger
COBINHOOD will be an international cryptocurrency with multiple language support. Chinese, Japanese, Korean, English, Russian, French, German, Spanish, Portuguese and Arabic. Of the language, it can mencover a total of 98% of the population in the world. Ease of access on the website will add experience to the user. So that enthusiasts or trading volume will increase as the popularity of COBINHOOD.
- Customer Service Responsive
COBINHOOD strongly prioritizes user convenience. For users who experience problems or need directions, they can contact customer service who will be online for 24/7. Customer service will be accessible through mobile apps as well as websites. When a user submits a statement, the team from COBINHOOD will process it in less than a day. COBINHOOD will provide consistent service by continuing to connect to its customers. Because customers are a priority.
- Easy KYC Process
KYC is an extension of Know Your Customer, where all the personal data of the customer is recorded so that it displays the user's reputation. To log on to the COBONHOOD service customers will not find it difficult to authenticate. Less than 24 hours, the authentication process will complete.
- Decentralized Exchangers
In the future, COBINHOOD will implement blockchain technology. The team will attempt to make COBINHOOD platform a decentralized exchanger that can handle millions of orderbooks in milli seconds. A new experience for users, where some exchangers have a delay when orderbook traffic increases.
- COBINHOOD Exchanger Display Interface
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