Cobak: A Leading Web3 Community Which Provides Investment Services

What is Cobak and what does it solve?

Cobak is a leading web3 cryptocurrency community that combines blockchain wallets to provide real-time cryptocurrency investment information, project updates, exchange announcements, and global crypto news. Through airdrops (Cobak Live), it has generated over 100,000 wallets and established itself as a premier project launchpad with 38 projects succeeding in ICOs. Cobak tokens are rewarded to community journalists and contributors and can be converted to CBK with minimal fees through the Polygon network.

Furthermore, Cobak has significant plans, including expanding to global platforms by the first quarter of 2024 and launching Cobak Finance in the thirdquarter of 2024. Cobak Finance aims to tokenize centralized CC points, resolve the liquidity issue of CBK tokens through staking CC & CBK, and enhance community engagement, thereby boosting the token economy’s core value for token holders.

Cobak users can earn CC tokens through community activities, while external investors need to purchase CC for staking with CBK. These mechanisms align with Cobak’s fundamental goal of building a robust web3-based cryptocurrency community and underscore the necessity of complete blockchain decentralization.

Token overview

Token name: Cobak
Token symbol:CBK/USDT
Total circulation supply: 81,320,473

CBK plays a pivotal role in realizing Cobak’s vision. As the basic governance token, it provides various functions within the ecosystem.

First, CBK is used for staking, allowing users to earn rewards and create a virtuous cycle that enhances the stability of the platform economy and user participation. Second, Cobak aims to overcome liquidity constraints due to global expansion by introducing a dual token system including internal CC tokens.

The dual token system is designed to utilize CBK tokens more effectively. It consists of basic tokens and bonus tokens, and improves rewards and incentives for various activities. We aim to stabilize prices through Cobak token staking, and the foundation uses CBK. When exchanging, an exchange fee is charged. One token (CC) represents an internal point of the business and the other (CBK) is a token registered externally as an asset, creating a dual token system where it becomes another asset with stable value. In this way, users can provide internal liquidity without being significantly exposed to price volatility. CBK’s allocation is like below:

Ecosystem Pool : 33%
Private Sale : 30%
Defi Reward : 20%
Team : 15%
Partner : 2%

The ecosystem of Cobak

Cobak’s goal is to establish Finance as a pioneering platform for digital financial investment and promote DeFi cooperation with overseas projects and new exchanges.

Liquidity pool and pairing strategy

Token Pairing

Tokens are paired with other major cryptocurrencies to create a pool that attracts significant liquidity. This approach not only promotes interoperability, but also helps whales participate in trading pairs that include CBK.

Strategic Cooperation

Strategic cooperation involves being a liquidity producer and agency partner. By strategically targeting pairs with significant liquidity injection, Cobak aims to collaborate with leading DEFI companies, ensure high liquidity for CBK, list in pairs and provide ample transaction opportunities for potential investors.

Incentive Program for Liquidity Providers

Token Rewards provided

Implement a DeFi program where liquidity providers are rewarded with CBK tokens for placing assets in a liquidity pool. Higher rewards will be offered for CBK pairs to encourage liquidity providers to participate in these specific pairs.

Cobak Black Program Expansion

Expand the Cobak Black program to offer additional incentives, such as reduced fees or exclusive access to certain features, to liquidity providers that contribute to CBK pairs on an ongoing basis.

Global IDO integrated information site

Cobak Finance hopes to become a digital investment information sharing community related to global information, decentralized exchange (DEX) and token sale (IDO). The platform integrates data from various IDO platforms to create a centralized investment site with real-time information on current and future token sales.

Future integration details

Recognizing the dynamic nature of the digital financial landscape, Cobak Finance is committed to staying at the forefront of the evolving DeFi ecosystem, including potential partnerships and the introduction of additional features.

Challenges and risks

Complexity

Managing a dual token system requires additional development across the board, including the creation of new smart contracts and integration with existing CCs.

Compliance

The regulatory environment for these systems may be uncertain, particularly with respect to restrictions on external transactions. Compliance with Korean and foreign laws must be ensured.

Market dynamics

Fixed exchange rates do not always reflect market dynamics and can potentially lead to arbitrage or pricing inefficiencies. Therefore, a cautious and variable approach is required.

User education

Users must understand the rewards system, including the process of exchanging tokens and the implications of holding each type of token.

Cobak Official Media

Website | Telegram

About Coinstore

Accessibility. Security. Equity.

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 6.1 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Coinstore Media Contact

Pei Shan, Marketing Executive | peishan@coinstore.com

Jennifer Lu, Brand Ambassador | Jennifer.lu@coinstore.com