Cobinhood is a cryptocurrency exchange platform that features zero transaction fees and zero cut on margin funding interest earnings. It provides cryptocurrency trading, margin trading/funding, futures trading, and ICO Underwriting Services. It guarantees 100% reserve for cryptocurrency deposit. Furthermore, its ability to process millions of orders per second has rendered it as a cryptocurrency exchange that is capable of conducting high frequency trading.
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COB tokens are based on Ethereum ERC20 token standard. A total of 1 Billion COB tokens will be issued, while 500M COB tokens will be available for crowdsale.
Crowdsale Amount: 50% (500M COB tokens) Team-held Amount: 40% (400M COB tokens) Private Placement Amount: 10% (100M COB Tokens).
Crowdsale will be 2 phases as following:
Phase 1 of crowdsale starts on September 1st 2017 and continues to September 30th 2017. The maximum amount of COB tokens issued will be capped at 300M in Phase 1.
Phase 2 of crowdsale will start on October 1st 2017 for 100 days. A total of 200M COB tokens will be issued during this stage. The COBs amount issued to auctioneers is in proportion to the ETH input.