Post
Topic
Re: [ANN] COBINHOOD - ZERO Trading Fee Cryptocurrency Exchange
by
SLB Vm
on 17/04/2018, 21:06:18 UTC
The tokens are basically worthless at the moment. All those little air drops are a waste of time. Imagine holding 100,000 COB. What do you get out of holding them at the moment? nothing. Margin trading apparently in June, but how is that going to work on such low volume. Add to that the fact that they continue to vest tokens every month, such that the circulating supply is actually going up.

Very poorly thought out token economics.

All they had to do was restrict zero free trading to cob holders or hand out trading discounts based on the amount of cob you hold. Or many other varieties of that.

Instead they give more crappy airdrops.

Those exclusive listing are good for volume for their exchange. But not for the COB value since there is still no point in buying them.