Hey everybody its Sajjad here over at the part-time entrepreneur and today we're gonna have a look at the ICO second review of Cobinhood.We have done first review few days ago and you must check it out here.
I've seen so many of these ICO's have common to the market place they've never fulfilled their sort of ICO cap and then they bumble along on the exchanges for a month and then I know where they just explode because people sort of get the concept of what the product is or the service that they're offering and for me I think you know when the very early stages of that and there's I think there's some huge huge potential with Cobinhood here.
Thanks to @starkerz for drawing my attention to this exchange . Today we will discuss the following points about Cobinhood.
ICO Underwriting process:
You know they understand is that there's a whole bunch of ICO's that are coming out companies that want to raise money. We also realize that there need to be some standards out there. China made us very aware of that,we know that they want to put some controls in place and maybe for the right reasons. They don't want to see people losing their money and nobody wants to be losing their money, where people aren't taking the due diligence in terms of the ICO's and the processes and stuff.
They also have their ICOs part program so that's helping entrepreneurs integrate their products and services onto blockchain technology so it's also helping to leverage other companies and other products and other people into the blockchain system.
All the ICO tokens are underwritten by them so if they're going through and they get listed on their exchange as soon as you buy you know let's call it Dave tokens or whatever it is once you buy Dave tokens then they'll underwrite it. So you can go and trade those tokens instantly so you don't have to wait three weeks at the end of the ICO and all this stuff you can get to trade in absolutely instantly and I absolutely love that idea.
Wide Range Fiat Currency:
They have a wide range of fiat currencies. Some of them are following:
USD/EUR/JPY/KRW/CNY/HKD/CAD/GBP/AUD/NTD
Completely Universal:
Again it's gonna be in loads of different languages so appealing to the masses again. They have five million active users a day, and that's huge. They're really trying to cater for the bigger picture and the masses so they've really got some future proofing going on here.
Product in Alpha:
Now here's a view of their product and this will pretty much go live. So looks pretty slick had a little logo on it I like it. It could be a lot easier to use and especially for new people coming in.
I know when I first started using all some of those decides I got a little confused and bit some piece and I've been around a while with these things as well so this sort of thing will just help.
Road Map:
They've got a really clear roadmap, now for me they've got a strong vision they've got a great product and service and within a year they're gonna be rocking up 100% so throughout the next year you know it's gonna go live and exchange in November and then all of a sudden what we're gonna get is value adding elements added all the time so then you've got your fear trading your funding online the underwriting ICO services. I don't think ICO's are going away I think it's just gonna the process will get a little bit more stringent especially with the stuff again in China and then as you can see loads and loads and loads of stuff that will be added so really really interesting product really ambitious timeline and I'm really excited to see this surf to comforted fruition.
ICO Details:
In terms of the ICO details so 50% will go to participants there's a large chunk that will go obviously law fees, marketing or you know usual stuff that we'd expect. Now the one thing is there are a billion tokens in total, Now generally I would want to see you know their competitors are running about 200 million tokens but what I have seen is that there's been a lot of pumps and dumps with those coins of Binance bqx, I mean that similar ish and some of the other coins that are out there you know just seeing this sort of because they've got small caps that it's easy to get the price up and then it's quite easy to get the price down as well with this it's not gonna be so easy to do that because of the number of coins which are quite liked.
So there'll be five 100 million ICO tokens out there and I don't normally do price predictions but I can see this going to at least 20 cents quite quickly and the reason I say that is because you've got Binances roughly about 81 million and if you translate that and they do roughly the same once they get on the exchanges Coinmarketcap then we're gonna see this price come to fruition which is quite tight especially if you get the early bird discount and get yourself a whole load of shares .
As always I just want to say a massive thank you to everybody for taking the time to read this post please upvote and follow to stay updated.Thank you
Sajjad Khan
DISCLAIMER
This shall not be taken as financial advice. I am not a financial advisor and none of your investments should be carried out based on any information presented here. You can lose all of your money investing in cryptocurrencies. The information above is for educational and entertainment purposes only.
