Accessible, Secure, Transparent
Cook Protocol
Cook Protocol is a completely decentralized Ethereum-based asset management platform built for investors and professional asset managers to unlock an entirely new universe of DeFi innovations.Cook Protocol establishes a transparent and flexible asset management platform suited to diverse investors and asset management service providers alike. Investors can monitor a manager’s fund allocations without worrying about fund security or foul
play. At the same time, fund managers can leverage Cook Protocol to gain access to investors and carry out virtually any investment strategy without having to opensource the strategy.
- Why do I need to use Cook Protocol?
Cook Protocol is an open, transparent, and secure protocol, providing investors with more trustworthy investment choices while augmenting fund managers’ trading capabilities.
Mission & Vision
Cook Protocol was founded on the belief that everyone needs to have access to finance. We contend that decentralization holds the key to empowering people around the world to better manage their assets, and we are helping the world move in this direction by accelerating the transition to adopting decentralized finance. We believe that we can accelerate the adoption of decentralized finance by:
-Providing investors with secure, transparent and high-quality asset management
services
-Providing fund managers with funds and a variety of asset management tools
In our journey towards achieving this vision, we are:
COOK PROTOCOL 6
-Democratizing secure, transparent and high-quality financial services with a
lasting, positive impact
-Becoming a world-leading decentralized asset management platform
Features of cook protocol
Cook Protocol will tap into the crypto asset management market, which is currently valued at hundreds of billions of dollars and is growing exponentially. Cook Protocol allows investors to select appropriate investment choices provided by fund managers. We provide investors with a sleek and straightforward interface and fund managers with powerful trading tools.
-User-friendly UI: A simple, sleek interface to help users navigate through sophisticated DeFi land
-Investment variety: Index-based and actively-managed funds
-Security & transparency: Fund security and information transparency guaranteed by smart contract
Asset Managers
-Lower initialization fees: The elimination of hefty legal and various fees to begin fund management and receive money from investors
-Professional trading tools: Access to various blockchain-based money markets and trading tools, such as the token price predictive model.
Benefits
Composability:Each fund in the Cook Protocol platform has a corresponding smart contract and a fund-specific ckToken to represent ownership.
High Liquidity: Funds are collateralized by their underlying assets, which implies that the funds trustlessly have custody of the underlying assets and can be accessed only through its exposed methods. ckTokens represent the ownership of respective funds. The high liquidity property of ERC-20 tokens allows investors to redeem ckTokens for the underlying assets or to trade them in the open market at any time.
Gas Saving: Acquiring and transferring multiple ERC-20 tokens requires paying transaction fees on transfers of each token. With Cook Protocol, users only need to pay transaction fees on a single transaction for the underlying assets they represent, thereby saving significantly on gas costs. In addition, pooling the assets into one fund lets investors share the gas fee incurred during the investment activities.
No Counter-party Risk: Cook Protocol is open source and functions only as programmed. Cook Protocol has been designed so that no owners or administrators can engage in foul play with relation to underlying assets. Traditional higher-level assets such as exchange traded funds often trade at a discount because these assets have counterparty risks.
COOK Token
COOK token is a governance token that allows token holders to shape the future of COOK protocol. The token holders can submit proposals and vote to start incentive programs to grow the ecosystem, improve the governance structure, and upgrade the platform.
What is a ckToken?
A ckToken is an ERC-20 token that represents the ownership percentage of an investment fund. ckTokens can be redeemed for the underlying assets or traded at any time.What is the difference between a COOK token and a ckToken?
A COOK token is a governance token used to propose and vote to make changes to Cook Protocol, while a ckToken represents ownership of a specific fund.
Token Allocation
10 billion COOK tokens will be minted at genesis. The token allocation is as follows:
60% to the COOK community treasury with a six-year vesting schedule.
6,000,000,000 COOK
10% to community incentive & Airdrop. 1,000,000,000 COOK
10% to early community investors with a price-based and time-based
unlocking schedule. 1,000,000,000 COOK
10% to business and media partners. 1,000,000,000 COOK
10% to team members, advisors and future employees with a price-based
unlocking schedule after 90 days cliff. 1,000,000,000 COOK.For more info visit:
Telegram : https://t.me/cook_english
Twitter : https://twitter.com/cook_finance
Medium: https://cook-protocol.medium.com/
ARTHUR : Altcoin pub
bitcointalk username: Altcoin pub
bitcointalk profile link: https://bitcointalk.org/index.php?topic=5289644.0
Eth wallet address: 0x9F5295191542C28edFb5B60077139ed084854069
Reddit : https://www.reddit.com/r/CookProtocol/