Why COB Token is Undervalued - Right Time to Invest?
Cobinhood is a crypto exchange that uses cutting-edge technology to provide services that maximize profits for traders. Cobinhood does not charge trading fees hence, traders can pocket all of their profit. The Cobinhood exchange also has other features that makes it unique when compared to other exchanges which include its high security measures, insurance on funds and fiat trading pairs among other services. Cobinhood was built by Popo Chen and co-founder Wei-Ning Huang who are experienced blockchain entrepreneurs with the mission to make Cobinhood more than just a cryptocurrency exchange. They also provide ICO underwriting services for high profile blockchain projects.
Cobinhood launched its own native token - COB of which part of the funds raised during their ICO were used to build the exchange and maintain their zero-fees exchange model. COB token is also used to offer different services to traders and holders.
Why COB Token is Undervalued
For stock market investments, public companies usually have balance sheets that show the health of the company and its progress which investors can use to make conclusions regarding the potential of the company. Compared to the stock market, cryptocurrencies have no balance sheets. In fact, prices are are mostly based on speculations and promises of new innovative technologies. This does not mean that there is absolutely no way we can tell the underlying value of a coin and conclude whether the coin is undervalued or not. There are some factors to consider which are not entirely different from how investors evaluate stocks.
To start with, who are the developers or people behind the coin? Do they have verifiable qualifications and experience? If they are faceless, that would be a red flag.
However, COB token was developed by a professional team with the key members being Popo Chen, Wei-Ning Huang and Tony Scott. Their headquarters is located in Taipei, Taiwan.
They all have verifiable certificates and have been around the crypto space long enough to gather some experience. Popo Chen graduated with a masters degree in electrical engineering while Wei-Ning Huang worked as a software engineer between 2014-2017. Wei-Ning Huang has also worked on and actively contributed to open source projects.
Overall, the team is capable of achieving their mission.
Another important factor to consider is what the coin is used for. Every important token-based project has to solve a problem. If there are other use cases then that is a big bonus because that would increase the demand of the token and encourage people to hold the tokens instead of selling off and crashing the price.
Interestingly, COB token has numerous use cases and holder incentives.
As opposed to most exchanges, Cobinhood exchange has a neat, easy to use interface both on the desktop and mobile app.
There are also lots of advantages of trading on Cobinhood exchange. Cobinhood has a high performance order matching engine that executes trades quickly, an offline multi-signature wallet for securing user funds and insurance for funds kept online, transparency and a wide variety of trading options.
Basically, Cobinhood provides an innovative crypto exchange and a few other services. Since the COB token was launched for the exchange, it is logical that the price will increase soon. Other user and holder incentives for the COB token include: 50% off margin trading loan interest, discounts on projects that Cobinhood underwrites the ICO, occasional airdrops, contests, etc.
These will put the COB token in constant demand and positively affect the price as more users join the platform and as long as Cobinhood provides ICO underwriting services for high profile blockchain projects.
The next factor to be considered is the price history of the COB token. The COB token was sold at an ICO price of $0.05 during 2017. The price reached an All-Time-High of $1.42 during the early 2018 bullrun. The persistent bear market trend has severely affected bitcoin and altcoins but COB is still holding ground at a current price of $0.024.
It is obvious that this coin is highly undervalued because such a token with various use cases should have a higher price. Now is actually the best time to buy COB tokens because they are super cheap right now and will not remain that way.
Finally, Roadmap and progress report should also be considered. Cobinhood has been able to deliver services in line with the timeframe of their roadmap. Margin trading was implemented a few months after launch and Fiat trading has been made available. The team keep working hard to improve the exchange.
The Cobinhood team will be present at the 2018 Southeast Asia Blockchain Sumit to be held in Jakarta, Indonesia on the 3rd and 4th of November. The event will be presented in a series of keynotes, interactive sessions regarding the future of Blockchain technology in Asia and different case studies for solving the challenges of blockchain growth in Asia. This Blockchain Summit will be an opportunity for over 1000+ attendees to meet face to face and connect.
Find out more about Cobinhood, on the official website or any of the following social handles: