Hi Friends steemians the world, tonight I talked about COBINHOOD that is popular. Trading is a popular term among modern society. For some people who wrestle in the field of economy must know and understand what is trading. Some of them are still lay with the above terms. Trading if we translate into Indonesian means trading. Trading (trading) here has a different meaning, not trade in goods or services but rather more identical trading used in the stock exchange. Trading is a stock trading in a short time in order to get a quick profit, but can not be denied trading can also bring losses quickly too. Trading can be classified into a high risk business. Today, stocks are not only traded conventionally. New methods that have been developed at this time is Online Trading that can be done via the internet. The advantages of Online Trading is efficient, easier access, wide range and more flexible.
In the business of trade in goods or services, in addition to record income we must also record the costs incurred to know the profit / loss. Likewise with trading, trading also requires fees - fees that are usually called commissions. This commission is paid by the trader to the broker.
After knowing the terms of trading briefly above, plus the rise of current blockchain technology, some developers develop a project called COBINHOOD; Stock Cryptocurrency Free Trading Fee. The first Cryptocurrency Exchange in the world to free trading fees, which will solve the existing problems on the Cryptocurrency exchange. Provide Spot Trading and Trading Margin at no cost to maximize trader profits and market liquidity.
The Way of Cobinhood
Many people are competing to move from fiat financial systems to a blockchain-based financial system due to the benefits of blockchain technology itself. The cryptocurrency market increased from 7B USD to 110B USD in July 2017, this increase since January 2017. In addition, trading volume of cryptocurrency exceeded stock trading volume in August 2017. However, the current cryptocurrency stock can not handle current trading demand. However, the blockchain-based financial system does not escape imperfection. As for the problems that can be encountered in the current cryptocurrency exchange, such as :
- High commission trading
- Real-Time Trading Difficulty
- Asset security issues
- Closure without prior notice
- Only support multiple fiat currencies
- Lack of multilingual support
- Slow Customer Service and KYC process
- The low liquidity of ICO tokens
Let's get closer to COBINHOOD
Cobinhood is a cryptocurrency platform that provides trading cryptocurrency and ICO (Initial Coin Offering) underwriters. Aims to provide solutions to current cryptocurrency bursa issues. Cobinhood itself features "Zero Trading Fees"; free trading to maximize traders' profits and market liquidity. It has the advantage of processing more than one million orders per second, providing real-time trading experience. Cobinhood also aims to solve the ICO token liquidity problem through its ICO underwriter service.
Cryptocurrency supported by Cobinhood
In addition to the main features of "Zero Trading Fees", Cobinhood also introduces some features on the Cryptocurrency Cobinhood Exchange, among others :
- 100% backup warranty
- Offline security system Multisig wallet
- Crypto asset assets are insured
- 2 authentication factors
- Distributed order matching machine
- Supports a wide FIAT currency
- Most international Cryptocurrency Exchanges
- Responsive online customer service 24/7
- KYC process is easy to use
- Decentralized Exchange
- Website design and application COBINHOOD
Cobinhood business model
Just like any company in general, Cobinhood also has its own business model. As :
- Trading with interest on loan
The user can become a trader by offering interest on the loan and earning interest on the deposited asset. In this case, Cobinhood will automatically limit the interest rate based on demand and supply margins.
- Cobinhood prime
Cobinhood will release Cobinhood Prime for individual traders by 2018. Traders can subscribe to this service for higher leverage.
- Cobinhood trading server with high frequency
Cobinhood will release high-frequency trading servers for investment banking and institutional investors.
- Servis Cobinhood ICO underwriter
The percentage of tokens ICO guaranteed by Cobinhood will be collected as an underwriter service charge.
- Cobinhood financial services
Cobinhood will also launch several financial products and services in the future, such as trading of crypto assets with stocks, forex, commodities and more.
Cobinhood Roadmap
Cobinhood ICO
Basically every blockchain platform definitely has a token. Likewise with Cobinhood, this project has a token that is symbolized by COB. COB Token itself is based on Ethereum ERC20 standard tokens. 1 billion COB tokens will be issued, as many as 500 million available for ICO. The ICO Cobinhood has started as of September 13, 2017 and continues until October 22, 2017. Of the 500 million ICOs available, 40% for Cobinhood Inc. and 10% left for personal placement. This can be observed from the following diagram.
It is worth noting that ICO Cobinhood only accepts Etherium, and ICO Cobinhood will reward bonuses for participants who participate earlier. The bonus rate will be accepted as follows :*
COBINHOOD Exchange is scheduled online on November 1, 2017. COB tokens can be traded on that day.