Review on Cobinhood by Ogulnar Annamuhammedova

COBINHOOD is a next generation cryptocurrency service platform. The world's first cryptocurrency exchange with ZERO fees. The main concept is to maximize traders' profits. Spot trading and margin trading with up to 10x leverage with ZERO exchange commission are now available for traders.

The development of the project began in August 2017, and in September the initial placement of its own tokens - COB took place. A total of 1 billion tokens were issued.

In December 2017, it was planned to launch margin trading and trading using fiat money. The ability to deposit fiat funds on the exchange was implemented - for a while, this became another great advantage of Cobinhood.

There are a number of problems that are inherent in existing cryptocurrency exchanges. And this is not only about the commission paid for each transaction. Delay in transfers, dangers of hacking, threat from fraudsters - every trader faces these risks. And the creators of Cobinhood intend to address these and other issues. The exchange began its functioning relatively recently, but has already managed to prove itself quite well.

But a natural question arises - how does the exchange manage to function and make a profit. Each system of this type earns on commissions when transferring some cryptocurrencies to others, or when cashing them in the form of fiat money. With zero commission, the platform does not receive money from transfers and requires a different, additional source of funding. To this end, the developers have added services:

Initial Coin Offering (ICO) insurance. ICO, or Initial Coin Offering, is the primary distribution of tokens by way of investors and buyers, carried out at the start of any blockchain platform.

The service offered is as follows. The Cobinhood team is evaluating potential blockchain projects intending to conduct an initial coin offering. The following characteristics are evaluated:

* experience of developers in the field of cryptocurrencies;

* demand for the services offered by the platform;

* the quality of the advertising campaign;

* user interest in the proposed product.

After carefully considering the proposed project, Cobinhood experts decide whether it makes sense to invest in it. A targeted sale of tokens during the ICO period helps to solve the problem with their distribution in the early stages, and with the development of a new platform. And the selected platforms, in turn, pay a certain fee to promote their currency. This money goes to support the network and pay employees. Cobinhood (COB) token holders generate additional income. They get access to premium services, in particular, to the ability to buy new cryptocurrencies (during the ICO period) at prices below market prices.