COBINHOOD Platform

Cobinhood Zero Trading Fee Cryptocurrency Exchange




Introduction


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 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
COBINHOOD guarantees 100% reserve. It will also disclose all online and offline wallet
addresses for public audit, ensuring no embezzlement of traders’ funds.
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.
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.

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.
The COBINHOOD platform is built on Google Cloud Platform and is programmed with
Golang for high concurrency.
By design, each trading pair is transmitted through a dedicated order matching engine
to ensure high order matching speed.
COBINHOOD’s order matching engine is composed of microservices, including
frontend, API backend, order matching system, and job/message queue services
deployed with Docker and Kubernetes to achieve high availability and high scalability.
All of the transaction records are stored in Spanner DB, a Google Cloud Platform
database that features strong consistency and the ability to do horizontal auto scaling.
The information of the order book is stored in Redis cluster, an in-memory database
technology featuring horizontal auto scaling and distributed in-memory replication.
Transactions and order book updates are sent through Web Application Messaging
Protocol (WAMP) to achieve real-time information update at every tick. In stress tests,
COBINHOOD is able to process 1,154,284 orders per second and achieve 10,142 order
book updates per second for each trading pair on average—making it the world’s first
cryptocurrency exchange capable of high-frequency trading.
At COBINHOOD, software development follows test-driven development (TDD). By
using Docker and Kubernetes together with CircleCI, continuous delivery (CD) and
continuous integration (CI) we can ensure system stability and strength.

COBINHOOD Bussines Model
Margin Trading Loan Interest
Users can opt in to become margin trading loan providers and receive interest earnings
with their asset deposits. COBINHOOD will automatically determine the interest rate
based on margin trading loan supply and demand. A portion of earnings generated from
interest payments will be collected by COBINHOOD.

COBINHOOD Prime
COBINHOOD will launch COBINHOOD Prime service for individual traders in 2018.
Traders can subscribe to COBINHOOD Prime service for higher leverage on margin
trading, lower latency ticker, and higher trading API rate limit on COBINHOOD
exchange. Also, COBINHOOD Prime subscribers will have escalated customer
assistance, dedicated phone support, a committed customer success account manager,
and 100% uptime SLA. COBINHOOD Prime service will be subject to annual
subscription fee.

COBINHOOD High Frequency Trading Server

COBINHOOD will launch its high-frequency trading server subscription service for investment banks, hedge funds, and institutional investors. These servers will be hosted on the same network with COBINHOOD order matching engine, providing ultra lowlatency ticker and unlimited API rate on the COBINHOOD exchange. Trading algorithms can be deployed onto these servers for high-frequency algorithmic trading. The highfrequency trading servers will be subject to annual subscription fee.

COBINHOOD ICO Underwriting Service
A percentage of ICO tokens underwritten by COBINHOOD will be collected as underwriting service fee.

COBINHOOD Financial Center
COBINHOOD will launch more financial products and services in the future, for example,
crypto assets trading with stocks, forex, commodity, market indexes, and futures. In addition, COBINHOOD will also launch cryptocurrency wallet and payment services.

COBINHOOD Roadmap



COBINHOOD ICO

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.


COBINHOOD 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.
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 Affairs Legal compliance is key to COBINHOOD's long-term success.



Our Team

CEO Chen Tai-Yuan
Chief Strategy Advisor Tony Scott
CTO ma Pu-Chen
Advisor Huang Wei-Ning
Advisor Brendor Hogger
Advisor Jeng Tz-Lu
COBINHOOD Technology Team


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