Hello. This time about the review article about CobinHood which is holding ICO.
【What is CobinHood?】
CobinHood is an exchanges-related project, providing a cryptographic currency exchange with no transaction fee as a solution. Besides that, They plan to offer an ICO solution as well.
For more details, check out this article.
https://bab-global.net/ico/cobinhood
https://cobinhood.com/ja-jp/
【ICO Review】
To see how to review please click here.
https://bab-global.net/ico/due-diligence
① Is it a company or team with a proven track record?
First of all it is about CEO.
・CEO Chen Tai -Yuan- (Continuous Entrepreneur, Co-founder of the COBINHOOD Financial Group, Co-founder of 17 Live Streaming)https://www.linkedin.com/in/popo-chen-1737761a/
（Chen Tai Yuan is 24 years old and launched 17 Live Streaming, the leading Asian live streaming platform with over 5 million active users each. In 3 months 17 Live Streaming raised 10 M dollars and angel investors gained 20 times the investment gain within 1. Jamie Lin, the founder of AppWorks, the first startup incubator in Taiwan, named Chen “a genius in entrepreneurship.”）
He is quite young He is successful as an entrepreneur. However, it is hard to say that it is hard to be experienced in the field of encryption currency.
Tony Scott — Strategy Advisor
https://www.linkedin.com/in/tony-scott-9ab2172a/
（- Tony Scott is the third Federal Information Officer (CIO) from 2015 to 2017, and during his tenure he has instructed various digitalization and project chains on the theme of block chains, government guidance on CyberSecurity I am involved in improving ritty. Forty carriers in his information technology field include roles as CIO of VMware, Microsoft, The Walt Disney Company. Currently he leads the Tony Scott Group and provides IT consulting and advisory services to public and intervals. He is also a research director of the Blockchain Research Institute, a global knowledge network.
Tony has a very big presence for the team even taking this career.
In addition, it consists of more than 30 team members, including system engineers,experienced startup systems of more than 15 years, web application developers, encryption currency, block chain experts.）
As team power, they are experienced team organization in each field, especially Tonny’s existence and Microsoft presence is also great, reliability is high.
However, since the profit model is unknown, it is standard evaluation to the last.
(Evaluation: +3)
② Transparency of project management team
Regarding transparency, according to information from official websites and white papers,almost all of them are facing out and past careers are also listed, and we think that it is relatively safe. However, you can also find that there is no clear advisor on the official website.
This is said in this way.
（Mr. Popo Chen
It is true that there are funders and financial advisors from major banks such as JP Morgan and major banks in Taiwan and Hong Kong, but due to compliance issues it can not really be published on the website. They are not retired. So, the bank has compliance like a securities trading company UPS. We have not listed them on the website in particular, but it does not mean that we do not have them.）
It is a standard impression.
(Evaluation: +3)
③ Is it a topic with high profitability, growth potential and realizability
CobinHood’s big theme is exchanges. It also says that they will also undertake ICO underwriting services. From a composite point of view, the evaluation is relatively high because it is an entry in a field where there is great potential for growth.
However, as a matter of concern there is a competition.
・The existence of competitors
There are several distributed exchange solutions.
Kyber Network: Topics are raised by procuring ICO 50 million dollars, Vitalik Buterin (founder of Ethiary) as advisor. Listed on Binance, Liqui, Etherdelta
https://kyber.network/
0x: ICO procurement, 12 times in 3 days
https://0xproject.com/
AirSwap: ICO spot sale. Etherdelta minimum offer price as of October 15
0.0064 (6 times ICO) Increased general evaluation and expectation.
Omegaone: Solutions to increase liquidity before ICO starts
Such exchanges-related solutions have appeared one after another, especially kyber and 0x existence can not be neglected in the future.
Also, there is a doubt as to whether you really can lose fees in terms of feasibility, and the process becomes important as to how to eliminate it. However, as a theme, it is also a trend system, so it is a standard evaluation also in expectation.
(Evaluation: +3)
④ Is there a clear solution to the problem
・Exchange solution
One problem is that the current exchange has a high commission fee. It also points out that the liquidity of the ICO’s token is low, and even after listing on some exchanges after the end of the ICO it is certain that the situation that trading is not established due to the low liquidity It happens a lot.
CobinHood provides solutions such as zero fee, high security, distributed order matching engine system, various alto coin handling, internationalization and so on.
Furthermore, as a merit of the token holder, special mention should be made regarding privileged ecosystem.
We have created a privileged ecosystem that creates demand for COB tokens and raises market value. Therefore, when used for margin trading fee to pay interest, you get a 50% discount. The other is that you can get a new ICO token at a very low rate when you undertake an ICO. For example, if your underwriting amount is 1 million Filecoins with 5%,you split 1 million Filecoins based on the percentage of COB you own and get a pre-sale round. ICO will round at a lower price. You can pay with COB or other cryptography. It will be announced on the website because all projects may be different. The situation may all be different.
As for the prospects of exchanges solutions, CEO says.
（We focus mainly on the year 2018. Basically, our basic strategy is …. As the fee is zero, we expect great liquidity to come to our platform. If traders and liquidity are abundant, it can be extended to ICO underwriting service. It built the first cipher — NASDAQ first, then we are like encryption — Goldman Sachs. We are only working with successful start-ups and IPO companies. Find companies that have already succeeded and help them migrate to a dispersed world. We also provide marketing resources, experience, trading reputation,liquidity, compliance review, wise contract recommendations, and all that.
In addition, it already develops its own distributed chain, it will become its own chain focusing on distributed order matching. Hire a block chain expert and build something unique, not Ethereum.）
・ICO solution
CobinHood also provides advisory and consulting services and also undertakes ICO by providing market liquidity.
As solutions, there are ICO due diligence, code review, legal audit, company introduction support program (spark program), and others. In overseas, ICO Box, in Japan it may have a COMSA role.
Furthermore, regarding the underwriting of ICO, it states as follows.
（In fact, I would like to emphasize that I would like to create a one-stop ecosystem of the ICO framework. It is like IPO flow, IPO framework. Since each country will comply with compliance with ICOs operating in their own country, they will expand to large countries like the United States, Japan and South Korea, will serve as a compliance subsidiary and acquire a license for ICO underwriting. As with IPO underwriting, there are also licenses. In the future, licenses will be granted to ICO underwriting.
Eventually it is said that you will also acquire a license for underwriting.）
From the above it is judged that for investors, it is a relatively reasonable solution.
(Evaluation: +4)
⑤ Legitimacy and safety of ICO according to law
CobinHood is registered in the Cayman Islands and has subsidiaries in Taiwan, the US and Hong Kong. However, when the Taiwanese government regulates like China, it is necessary to prepare a system as to what kind of emergency will happen.
Company name: COBINHOOD LTD.
Representative director and CEO: Popo Chen
Current address: Shinjiyoshi Shinji-ku, Taipei, Taiwan №108, №6, 6F
HP address: https: // cobinhood.com/en-US/
（Basically, the regulation is now done for each country right? Therefore, if the country does not enter any encryption market in Taiwan, it will be blocked at the KYC stage. We are to stop their intellectual property rights and when they can not prove they are not Taiwanese people in KYC. Since we are registered in the Cayman Islands, we still operate the platform. Actually,Taiwan, the US, Hong Kong are said to be in Cayman in terms of development team and operation, so the law does not apply. If we are blocking citizens of countries already cryptographically prohibited, there is no problem not to operate our platform. It is not a global problem but a global problem.）
This is what I said.
However, it is not licensed from the Taiwanese government. In fact, CobinHood establishes subsidiaries in each country to manage regulators and compliance, manage KYC, trade with financial partners and banks in each country and maximize traders’ liquidity and profit margins . However, it is not possible to guarantee 100% that FIAT will work as third parties may be blocking you or the national regulatory issues. He will do his best to realize that.
In addition, the ICO is supposed that citizens of the United States, Canada, China, Taiwan can not participate due to existing regulations.
(Evaluation: +3)
⑥ presence of third party or escrow
Escrow is a neutral third party and temporarily holds and regulates the transaction of funds between the parties.
Cobinhood name does not have escrow, all transactions and transactions are recorded in the block chain.
It is standard evaluation.
(Evaluation: +3)
⑦ Quality of project management and support
The quality of the project management system and support depends on the management of the Bounty Campaign and how ICO is done. Also, since community members can also see how to deal with fraud, it is an important item in terms of trust.
This is a follow-up observation, but it is a standard evaluation.
(Evaluation: +3)
⑧ Degree of attention and evaluation around
・ICO comparison site
icorating
icobench
・Mass media
It is also taken up in CNBC and Sankei news.
・Social media
Twitter: 1947
Facebook: 14000
Telegraph: 2881
The social media’s attention is relatively high.
I feel that marketing is not very aggressive, but attention is relatively high, it is a standard evaluation.
(Evaluation: +3)
【CobinHood’s review】
As a review, it is a standard Medium rating. It is interesting as a solution, but I’d like to identify with the future plan how far it is feasible.
The degree of procurement is about 1.2 billion. It is being held until 10/22.
Click here for ICO participation
Related Links
Official site：https://cobinhood.com/ja-jp/
White paper：https://cobinhood.com/assets/whitepaper/whitepaper_ja.pdf
My bitcointalk profile: https: //bitcointalk.org/index.php? Action = profile; u = 1140780; sa = summary