Cobinhood is a low volume exchange.

Conbinhood Volume: $2.202.961 USD
HitBTC Volume: $245.898.056 USD

The airdrop is nonsense. They want to airdrop SVD worth of 1000 EUR, distribute it to those who don't sell. Just calculate the very unlikely situation that the price comes near to the 0.01 EUR level and if it would make sense to hold it, to get some cent in SVD, or to sell.

But anyway... that will not happen. 0.01 Euro Cent would give this project a total valuation of about 70 million EUR (nearly $80 M). The company is probably not even worth 5 million and they've never been able to explain why their token-economy should be worth more.


At the moment I believe they come up with this new move because HitBTC rejected Savedroid. It's kind of telling that they make this announcement but not even mention HitBTC.

And just for the record: They locked the smart contract with the reason to ensure good liquidity for HitBTC. That also didn't make sense but unlocking it now for Cobinhood while not saying what's going on with HitBTC is kind of a weird "strategy".


Sidenote: I know it's wrong to use the word "strategy" in this Thread. ;-)