Introduction about COBINHOOD




COBINHOOD The Zero 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 Cryptocurrency 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.
3.2.5 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.

Distributed Order Matching Engine
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.

Wide Range of FIAT Currencies Supported
COBINHOOD will support a wide range of fiat currencies. Users are able to choose their
preferred fiat currencies to make funds deposit or withdrawals.
Fiat currencies supported by COBINHOOD: USD/EUR/JPY/KRW/CNY/HKD/CAD/GBP/
AUD/NTD

The Most International Cryptocurrency Exchange
The website and app of COBINHOOD support 10 main languages, covering 98 % of the
world’s population’s native language, making it the most internationalized
cryptocurrency exchange.
Languages supported by COBINHOOD: Chinese/Japanese/Korean/English/Russian/
French/German/Spanish/Portuguese/Arabic

Responsive 24/7 Online Customer Services
COBINHOOD provides 24/7 online customer service. Should users encounter issues or
need assistance, customer success specialists can be reached via the COBINHOOD
website and mobile app. When a user submits an inquiry, the customer success team
will respond within one day. COBINHOOD’s goal is to provide consistently excellent
customer assistance.

User-friendly KYC Process
COBINHOOD will enforce bank-level KYC (Know Your Customer) processes to comply
with AML (Anti Money Laundering) laws. COBINHOOD provides user-friendly identity
authentication services. The process usually be completed within 24 hours of customer
submission.

Decentralized Exchange
In the future, COBINHOOD plans to build a decentralized cryptocurrency exchange. As
the consensus algorithm of blockchain technology advances, decentralized highfrequency trading and real-time order book matching will become feasible.

Design Of COBINHOOD Website and App






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.



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.

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.



















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