INTRODUCTION
The blockchain since its creation has already revolutionized in World's financial landscape through decentralization. Gone are the days when people need centralized organizations like the banks and even the government before they can execute their financial transactions between each other or across different geographical locations. Now with bitcoin and other cryptocurrencies, the barriers of the previous financial systems are being broken down.
Importantly it should be noted that transferring money or exchanging of monetary value between two or more entities is only but one of the core components of our more robust financial landscape that we have in the world today.
The world's financial systems include services like money lending, savings, insurance, stock market investing, global derivatives, and asset management.
Under the present centralized financial structures, it is difficult for the average individual to invest in high-yield financial assets or participate in the other financial systems under favorable terms.
This has brought about the creation of a decentralized financial ecosystem also known as Defi on the blockchain, which is aimed at making financial services equally available to everyone.
Defi gives equal access to every person in the world irrespective of their location or social status, in a fair system immune to interference from centralized power players like the big banks and government.
In this piece, I will be writing about COOK PROTOCOL. This is a decentralized project that is aimed at transforming the world's Asset Management ecosystem and giving ordinary investors the privilege of enjoying the benefits of enjoying professional asset management without paying overly expensive fees to large funds.
COOK PROTOCOL
Cook Protocol is a decentralized wealth and Asset Management ecosystem built on the ethereum blockchain where ordinary investors and professional fund managers can be connected in a fully transparent and secure environment for the Investment and proper management and growth of wealth.
Cook Protocol through its decentralized platform, provides the average individual the Avenue to invest their funds in highly profitable assets without having the professional knowledge needed.
On the cook protocol platform investment strategies are managed by SMART CONTRACTS which are configured before-hand by a professional from managers. With the use of smart contracts cook protocol can eliminate some of the existing problems in the present centralized and decentralized asset management landscape.
Some Present Problems In Asset Management
- Professional asset management is limited to the wealthy and high net worth individuals due to the ridiculously expensive fees that the funds' charge
- The human Factor which can lead to deviation from an efficient investment strategy
- Lack of transparency regarding Types of investment, Risks, Profits, and Losses
- Technically sophisticated (a major problem with present Defi asset management platforms)
Cook protocol eliminates all these problems and invests wealth as simple as ABC for the individual retail investors. With cook protocol, all investors need to do is determine the investment strategy that suits them and then select the smart contract that represents this strategy.
Investors can easily invest through the smart contract by depositing their assets in form of the COOK token and receive the equivalent amount of ck tokens which will be used to receive their profits at the end of their investments.
The Cook protocol platform gives investors a lot of leeway and flexibility in the management of their funds with its unique smart contract being integrated with decentralized exchanges, decentralized derivatives, and decentralized lending platforms.
The Defi Market is still in its infancy stages and the Decentralized Asset Management space is also in this category, but with analysis of the exponential growth of the cryptocurrency market in general and also the size of the present centralized asset management markets, there is a very huge potential for growth for DEFI Asset Management projects that provides financial services to the masses.
Cook protocol aims to be at the forefront of this financial transformation by bringing finance to everyone and accelerating the growth of the Defi ecosystem.
COOK Protocol Token Information
Token Name: Cook Protocol
Token Symbol: COOK
Token Blockchain: ERC-20
Total Token Supply: 10,000,000,000
Conclusion
The COOK protocol platform is a different model to the already centralized platforms as it provides more security to investors' funds, it rewards all the parties involved fairly for their part in the growth of the Defi ecosystem. Defi is the future of world finance and COOK is the future of Defi asset management.
Official Contacts
Website: https://www.cook.finance/
Whitepaper: https://www.cook.finance/whitepaper/?utm_source=bitcointalk&utm_medium=bounty&utm_campaign=bounty_phase_1
Twitter: https://twitter.com/cook_finance
Telegram: https://t.me/cook_english
YouTube: https://www.youtube.com/channel/UCGiAQqspfq9LE0XgFlywN7w/
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