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COBINHOOD is a cryptocurrency service platform providing crypto-financial products such as a zero-fee cryptocurrency commute, COBINHOOD Exchange, and ICO cover services. COBINHOOD Exchange provides position trade and allowance deal with zero trade fees to maximize traders ’ net income and market liquid. It has a utility program ERC20 keepsake, called COB, which aims to maximize traders ‘ profits with benefits tied to the switch over .

history [edit ]

Cobinhood exchange review [edit ]

COBINHOOD Exchange was formally launched on December 18, 2017 [ 1 ], with the early platform and company developments started August of the like class. The project is incepted by the early CEO of 17 exist cyclosis, Chen Tai Yuan [ 2 ], a 26-year-old serial entrepreneur, and former engineer at Google, Wei-Ning Huang [ 3 ] .
On September 13, 2017, COBINHOOD ‘s ICO officially launched with the introduction of the COB token. The funds raised from the COB token ICO sale is used by the company to develop COBINHOOD Exchange. Few days belated, actor Jamie Foxx tweeted [ 4 ] his corroborate for the ICO .
On October 22, 2017, the COBINHOOD Exchange ICO ended [ 5 ] and received a sum of 45,254.9 ETH ( equivalent to US $ 13,216,883 during the go steady of ICO end ) with 244,773,856 COB tokens distributed to 17,433 ICO participants .

ICO Underwriting Service [edit ]

While the commute chopine was however under beta test, the party launched cover services to help established companies issue ICOs on November 7, 2017 [ 6 ]. To kickoff this service, COBINHOOD collaborated with CyberMiles ‘ ICO [ 7 ], which finished less than one day—among the fastest-moving ICOs in history [ 8 ] .

Cobinhood Review [edit ]

Cobinhood is a cryptocurrency military service platform for the blockchain era aiming to solve problems faced by both traders and cryptocurrency-based companies. As the substitution provides zero-fee trading for users, COBINHOOD ‘s ICO underwrite services aim to solve the problem of ICO token liquidity issues by blockchain-based companies. COBINHOOD features ZERO trade fees for spot trading and gross profit trade with up to maximize the profits for traders all over the ball. additionally, all crypto assets deposited in COBINHOOD ’ s on-line wallet will be backed by policy .

COB token [edit ]

COBINHOOD ’ s token symbol is COB. COB tokens are based on Ethereum ERC20 token standard. A sum of 1 billion COB tokens will be issued, with 500 million COB tokens available during the ICO. Unsold COB tokens from the ICO will not be burnt but are reserved by COBINHOOD, Ltd. 10 % of COB tokens held by COBINHOOD, Ltd. vests every year, which means there is a 10-year invest time period for COB tokens. If COB token-holders deposit their hazelnut in COBINHOOD Exchange, they are eligible for respective token benefits. For exemplar, 50 % -off margin trade 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 .

Cobinhood price ( COB ) [edit ]

The monetary value of COB token or Cobinhood coin is constantly chaining, however, BitcoinWiki gives you a opportunity to see the prices online on Coin360 appliance .

Price history of Cobinhood ( COB ) nominal is presented in the table below .

technical components [edit ]

Multi-level assets security mechanisms [edit ]

Every kind of crypto assets deposited at COBINHOOD will be stored in an offline multi-signature ( multisig ) wallet. It is estimated that 98 % of assets will be stored offline, while 2 % of assets will remain in an on-line wallet allowing for faster exploiter deposit and withdrawa. Each offline multisig wallet consists of 8 HSMs ( Hardware Security Modules ), which will require passcodes from 5 out of the 8 HSMs to be accessed. If one of the HSM administrators is compromised, the multisig wallet will remain procure. furthermore, the administrators of the HSMs are located in unlike countries ( geo distributed ) adding to security system. furthermore, all crypto asset deposits in on-line wallet will be backed by indemnity .

Self-trading limitation [edit ]

Self or bot deal will besides be regulated in the COBINHOOD Exchange as the trade engine is equipped with multiple automated configurations to prevent self-trading of orders entered by the like person with multiple accounts. furthermore, machine learn and data analysis will besides be set up to bolster security mechanisms for self-trading restrictions .

Distributed Order-Matching locomotive [edit ]

The COBINHOOD chopine is built on Google Cloud Platform and is programmed with Golang for gamey concurrence. By design, each trade pair is transmitted through a consecrated regulate matching engine to ensure gamey order matching accelerate. COBINHOOD ’ s order matching engine is composed of microservices, including frontend, API backend, order match system, and job/message queue services deployed with Docker and Kubernetes to achieve high handiness 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 ordering koran is stored in Redis bunch, an in-memory database engineering featuring horizontal auto-scaling and distribute in-memory rejoinder .
Transactions and ordain book updates are sent through Web Application Messaging Protocol ( WAMP ) to achieve real-time data update at every tick. In stress tests, COBINHOOD is able to process 1,154,284 orders per second and achieve 10,142 club reserve updates per second for each trade copulate on average—making it the universe ’ mho first cryptocurrency exchange adequate to of high-frequency trade. At COBINHOOD, software development follows test-driven development ( TDD ). By using Docker and Kubernetes together with CircleCI, continuous pitch ( certificate of deposit ) and continuous integration ( CI ) we can ensure organization constancy and intensity .

KYC and AML complaisance [edit ]

COBINHOOD has developed a propriety smart-KYC process which involves multi-layer user-risk identification, transaction monitor, and diverse other steps which will allow us to create necessary measures in classifying or taking the correctly actions for an account. It is besides seen to gradually improve as AI and machine learning mechanism mature into a bright, highly-responsive KYC tools .
furthermore, all the employees undergo periodic AML and CTF trail to ensure that the team is well versed in these issues, ampere well as establishing an AML committee to improve our overhaul. Third-party service providers besides help audit and keep our procedure in check with the latest security system standards .

See besides on BitcoinWiki [edit ]

Resources [edit ]

References [edit ]