COBINHOOD ICO Review

COBINHOOD: Zero Trading Fee Cryptocurrency Exchange

Introduction To COBINHOOD

COBINHOOD is a cryptocurrency service platform that provides cryptocurrency trading

and ICO underwriting, aiming to solve the existing problems of current cryptocurrency

exchanges.

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

Features of COBINHOOD Cryptocurrecny Exchange

ZERO Trading FeesCOBINHOOD features ZERO trading fees for spot trading and margin trading with up to

10x leverage to maximize the profits for traders all over the globe.

100% Reserve Guarantee

COBINHOOD guarantees 100% reserve. It will also disclose all online and offline wallet

addresses for public audit, ensuring no embezzlement of traders’ funds.

Offline Multisig Wallet Security System

Every kind of crypto assets deposited at COBINHOOD will be stored in an offline

multisig wallet. It is estimated that 98% of assets will be stored offline, while 2% of

assets will remain in an online wallet allowing for faster user deposit/withdrawal

experience.

Each offline multisig wallet consists of 8 HSMs (Hardware Security Modules). This

means that transactions which use the multisig wallet will require 5 out of the 8 HSMs

to proceed. If one of the HSM administrators is compromised, the multisig wallet will

remain secure. Furthermore, the administrators of the HSMs are located in different

countries (geo distributed) adding to COBINHOOD’s security system.

Crypto Assets Backed by Insurance

All crypto asset deposits in COBINHOOD’s online wallet will be backed by insurance.

Since offline multisig wallet is virtually impossible to be compromised, all users’ crypto

assets will be fully covered.

Two-Factor Authentication Enforcement

COBINHOOD enforces two-factor authentication (2FA) to log in. Withdrawal of crypto

assets requires an extra email confirmation to protect the user’s crypto assets.

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.

                                    

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)

COB token holders can bind their Ethereum wallet address, which is holding COB

tokens to their COBINHOOD trading platform account, by calling the binding

function in COB token smart contract. After the binding is complete, COB holders

can get the ICO tokens at a lower rate on the COBINHOOD exchange.

As an example, COBINHOOD underwrites an ICO for a token called XYZ. The total

issuance of XYZ tokens through ICO is 100M and COBINHOOD takes 5% as

underwriter service fee. 10M COB tokens holder will have a lower rate, i.e. :

5M * 10M / 1B = 50k XYZ tokens.

COBINHOOD will make efforts to maximize a COB token holder’s benefits. There

may be more privileges for COB token holders in the future.

7.3 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 AffairsLegal compliance is key to COBINHOOD's long-term success.



COBINHOOD Roadmap

More Information Can Visit:

Official Website: https://www.cobinhood.com/

Whitepaper: https://www.cobinhood.com/assets/whitepaper/whitepaper_en.pdf

Twitter: https://twitter.com/cobinhood

Facebook: https://www.facebook.com/cobinhood.exchange/

Telegram: https://t.me/cobinhood

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1165399