On this occasion I will provide interesting information about the Cook Protocol project, let's look at the reviews below:
https://www.cook.finance/?utm_source=bitcointalk&utm_medium=bounty&utm_campaign=bounty_phase_1
The Cook protocol is built on top of the Ethereum blockchain which forms the common asset management platform, providing investors with fund management vehicle asset management options. Funds can be managed passively or actively via the whitelisted DeFi protocol. For each investment fund, the ERC-20 token is proportional to its contribution to the funds issued to investors. Investors can release tokens at any time in exchange for an equal base asset.
The concept of ckToken is similar to stocks on the stock market, especially with such financial products exchange traded funds (ETF). So ckToken is the same as the percentage of investment fund ownership whose value is proportional to the score investment fund.
The COOK token is a governance token that allows token holders to shape the future COOK protocol. Token holders can register and vote to initiate incentives programs to grow ecosystems, improve governance structures and improve
platform.
Apart from governance, COOK tokens can be used to pay platform fees on Cook Protocol. When investors decide to invest in popular mutual funds, they have to pay up COOK tokens first, When a fund manager initializes funds, they will need them to stake a number of COOK tokens. Especially when he was a fund manager decided to claim management fee, they have to pay 2% of management fee asplatform fees.
COOK token holders have the potential to share the direct and indirect benefits that can be obtained of platform fees, such as:
• token holders can decide collectively.
• adjust platform fees.
• distribute it to token holders.
• use it to buy back COOK token on the open market.
COOK FITURE.
Cook Protocol is about to enter the crypto asset management market, which is currently worth hundreds of billions of dollars and is growing exponentially. The Cook Protocol allows investors to choose the appropriate investment options provided by the investment manager. We provide investors with a sleek and easy interface and fund managers with powerful trading tools such as:
• USER-FRIENDLY UI: Simple and sleek interface to help users navigate through sophisticated DeFi lands.
• INVESTMENT VARIATION: An index-based and actively managed fund.
• SECURITY & TRANSPARENCY: Security of funds and transparency of information guaranteed by smart contracts.
• LOWER INSTALLATION COSTS: Elimination of large legal fees and various fees for starting fund management and receiving money from investors.
• PROFESSIONAL TRADING TOOLS: Access to a variety of financial markets and blockchain-based trading tools, such as token price prediction models.
• IP PROTECTION: No need for an open source investment strategy.
TOKEN WORKS COOK.
Investment managers can set up smart contracts and configure parameters such as investment strategy and management fees. Investors can deposit cryptocurrency into smart contracts to receive an appropriate number of Cook Tokens to represent partial ownership of the fund.
~COOK TOKEN BENEFITS & USES.
TOKEN COOK as a token governance that can complete various updates to the protocol.
Here is what TOKEN COOK uses
~UPDATE WHITELIST DEFI.
The entire community of Cook token holders can decide whether to add or remove certain DeFi protocols to the protocol-level whitelist.
~ADJUST THE COST OF THE PLATFORM.
Cook token holders can decide to increase or decrease the fees charged on the Cook Protocol platform.
~CHANGE THE GOVERNANCE MODEL.
If token holders are not satisfied with the current governance model, they can propose modifications to better serve their interests.
~CHANGE ORACLE PRICES.
The Cook Protocol uses a price oracle to calculate the value of investment funds. Token holders can choose to update oracle prices.
~ADD NEW FEATURES.
Token Cook can also be used to vote on feature additions at the protocol level.
TOKEN ALLOCATION:
10 billion COOK tokens will be minted during genesis.
The token allocation is as follows:
• 60% of the COOK community treasury with a six-year vesting schedule = 6,000,000,000 COOK.
• 10% for community incentives & Airdrop = 1,000,000,000 COOK.
• 10% for price-based and time-based early community investors open schedule = 1,000,000,000 COOK.
• 10% for business partners and media = 1,000,000,000 COOK.
MARKET SIZE.
DeFi is at an early stage and has immense growth potential. To put things into
context, the global stock market is approximately $73 trillion, the global lending
market is $215 trillion, and the global derivatives market is $1200 trillion, dwarfing
the $700 billion global cryptocurrency market size.
The total value locked in DeFi as well as total DeFi users over time continue to grow
exponentially despite some hiccups in token prices for DeFi projects. As the DeFi
Pulse chart below demonstrates, the total value locked in DeFi projects exceeded $1
billion in February 2020 and grew 16 times to more than $16 billion by the end of
According to the report in Dune Analytics shown below, the total unique Ethereum
addresses start to grow exponentially in early 2020 and exceeded 1.1 million by the
end of 2020. As more and more institutional investors and governments start to
invest in and adopt DeFi, the exponential growth trend is expected to continue.
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.
MISSION:
Accelerate Adoption of Open and Decentralized Finance, We believe that we can accelerate the adoption of decentralized finance by:
1–Providing investors with secure, transparent and high-quality asset management services.
2–Providing fund managers with funds and a variety of asset management tools.
VISION
Bring Finance to the Masses
In our journey towards achieving this vision, we are:
1–Democratizing secure, transparent and high-quality financial services with a lasting, positive impact.
2–Becoming a world-leading decentralized asset management platform.
ROADMAP:
2020 Q2 — Cook Protocol team assembled.
2020 Q3— Cook Protocol concept finalized.
2020 Q4 — White Paper released.
2021 Q1— Cook Protocol architecture & UI design release.
2021 Q1— Uniswap Listing.
2021 Q 1— Cook Leverage release.
2021 Q2—Cook DeFi index release.
2021 Q2—Cook Protocol integration testing.
2021 Q2—Cook Protocol third party audit.
2021Q2—Cook Protocol 1.0 release on Ethereum mainnet.
2021 Q3—Cook Protocol Ecosystem Development.
2021 Q4 — Cook Protocol 2.0 release on Ethereum mainnet.
TEAM:
CEO — Adrian Pen.
CTO — Cage Chen.
CFO—Michael Bader.
COO—Ace Yin.
VP of Business Development— KP Peng.
VP of Blockchain Development— Antonio Wong.
Chief Architect— Rahul Rodrigues.