About Cobin Hood



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.
With the advance of blockchain technology, more and more people are migrating from
fiat-based financial system towards blockchain-based financial system. Since January
2017, the cryptocurrency market cap has increased from 7B USD to 110B USD in July[1].
Moreover, cryptocurrency trading volume exceeded stock trading volume by August
2017. However, existing cryptocurrency exchanges are not able to handle modern
trading demands.


Existing ICO Issues
In 2017, funds raised through ICOs increased from 5.6M USD in January to 987M USD
in July[3]. This activity is expected to exceed 200B USD in 2020. Although ICOs are
increasingly popular as a means of fundraising, some problems with ICOs remain
unsolved.

Low Liquidity of ICO Tokens
The most serious problem for ICOs is that ICO tokens cannot be immediately traded in
exchanges after their ICO. Low liquidity of ICO tokens means ICO tokens’ bid-ask
spread is large, which further reduces their value.
In addition, it required an intimidatingly high listing fee to list a token on one of the
world’s top 10 exchanges. The listing fee is often as high as 500 to 1000 Bitcoin.
As a result, traders have no choice but to resort to the secondary market, which has low
liquidity and large spread for trading ICO tokens. This has imposed significant obstacles
to the overall development of the cryptocurrency market.

 ICO TOKEN DISTRIBUTION



ICO FUNDS USAGE


Features of COBINHOOD Cryptocurrecny Exchange
ZERO Trading Fees             
COBINHOOD 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.





Source : https://www.cobinhood.com/








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