Hello Steemians,
Most times getting functioning coin swap services usually come at a huge price- transaction fees. Why? Its mostly because the majority of the top exchanges was started by those who wanted to rip off crypto-investors by charging high fees for exchange.
These sort of exchanges are known as Centralized Exchanges. They are usually controlled by a central authority who take all the profits from your investments. This negates the ideals of blockchain technology which heralds freedom from fees and central authority.
Now decentralized exchanges are gradually taking over. Major exchanges like Binance with BNB token, Bitshares with BTS token and now Cobinhood with COB token. These exchanges provide quick liquidity of assets by using their own token as a middleman so to speak.
Holders of these tokens can then easily swap their other tokens to and fro without much hassle. The function of the network tokens can be likened to the function of steem on the STEEM BLOCKCHAIN. It provides bandwidth for network usage.
Talking of security of assets, this is even much more safer because you have access to your Private Keys which means that no central authority can steal your coins. Case in point is Mt Gox crash of 2013.
Intuitive charts.
*What if there was a way to swap your tokens without wasting so much time and also pay zero fees for it? Well, as we all know, the blockchain has come to stay. The attitude is always that of progress and growth.
COB will easily serve the purpose of cryptocurrency exchanging due to the zero transaction fees. No one likes to be charged unduely for doing normal tasks.
Cryptoexchanges should set up another model, albeit user-friendly, for generating profit for their business rather than taxing users.
NOTABLE FEATURES
Hurry now to create an account for yourself. Its not yet clogged like some other competitors. Plus you get free COB token Airdrops. TRY IT!
Visit the COB website: https://cobinhood.com/home
Go here to participate in Info bounty by @Starkerz
See yah!
