What Is Cobak Token (CBK)?

Cobak (CBK) is a community-based platform that aims to create a bridge between cryptocurrency traders and the crypto project using equal distribution of authority on the network. The platform implements cost-effective ways to communicate with the traders and offer real-time information to them.

There are several issues prevailing in the cryptocurrency environment such as compensation issues for the community members, information gaps, and problems with fees. The crypto industry does not compensate well for the traders creating content on the platform. Transaction fees create unnecessary expenses for the traders and several users of the project are unable to receive valuable information affecting their trading decisions. As a result, Cobak (CBK) was developed in the environment to offer rewards to all the users contributing to the platform. The platform also combines on-chain with off-chain activities to eliminate the additional cost and make the crypto more accessible to users. Also, the network uses a system to offer engaging content, as well as rewards to the user.

Cobak uses data aggregation services that allow the network to scan several market prices of the cryptocurrencies at a time around the world and offer valuable insights to users who participate in the Cobak community. The Cobak platform includes features meant to engage the interest of users, including::

• Token sale: Users are invited to participate in a token sale that is reviewed by Cobak professional analysts.

• Cobak Supporters: Users can become supporters and devise quality posts and projects.

• Cobak Forum: Users are allowed to obtain information about the crypto projects.

• Cobak Live, Pop Quiz, and Official Events: Users can participate in airdrop events for awareness and rewards.

• Cobak Banner, Ads: Ads and banners that are exposed across the community.

• Cobak Wallet: Complete management of ETH and EOS-based crypto assets CBK is an ERC20 native utility token available on the platform. It functions as an internal payment token for attaining goods and services on the network. Users also obtain CBK to unlock non-monetary benefits like receiving airdrops, etc. The token is used to reward users for their participation and payment of fees. The token also aims to allow users to trade the CeFi assets on the platform. Lastly, the platform aims to destroy 20% of the CBK tokens to ensure the value of the asset is maintained in the marketplace.

History of Cobak Token (CBK)

The total Cobak token supply is 100,000,000 CBK.