Re: [ANN] COBINHOOD - ZERO Trading Fee Cryptocurrency Exchange
If you run a zero trading fee cryptocurrency exchange how are you going to fund further development, security measures and generally operational costs?
1. ICO underwriting - Cobinhood takes 5% or some jive like that.
2. Margin loans - up to 10x margin loan accumulate interest.
2.5. Cob gets 50% of loaned token profit.
3. Listing fees (Albeit, this isn't a continuous stream)
However, the funding itself is allocated in the token distribution. Whatever it says in the WP as the % to fund the development etc. However, it was said that Cobinhood didn't necessarily need the cash to launch the project, but the ICO was necessary as part of Cobinhoods' implementation. I'm paraphrasing here, but I believe that is the gist.
This would not be surprising, the main people behind Cobinhood are very succesful entrepreneurs, so they were sure to have a lot of finances for the start.
An ICO was neccesary, how can you underwrite someone elses ICO, and demand any money for it if you have no way to prove you are good at it. Marketing behind COBINHOOD was 10/10, ICO was an astonishing success. The success of the Cybermiles ICO will also be used as proof of Cobinhoods competence.
Can't wait to see what 2018 will bring to a few projects
