I'm a huge fan of skepticism, but I'm also a fan of "You Should Read the Website first before you Accuse"
COBINHOOD collects 5% of the funding raised from the ICO as an underwriting service fee.
After the ICO, our revenue comes from providing underwriting services for large ICO projects such as filecoin or Kyber. This allows us to maintain our exchange and continue developing and improving our services.
As the cryptocurrency and the ICO market grows, COB token holders may receive additional types of tokens. As a result, the market value of COB token may also rise.
*Underwriting service fees may change in the future.
This is similar to what KuCoin or Binance are doing except they are charging no fees. Who knows maybe they were full of it or they might have to increase underwriting fees for future ICOs.
Hadn't gone to the link yet but thanks for the extra info on the post, I'm currently using KuCoin and Binance. Sounds interesting but I'm sure I wont jump right in with everything going on in crypto but will be keeping a watchful eye and maybe dipping a toe in to test the waters if it starts out alright.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Any chance Steem making it into Coinbase ? That way we all know they won’t run away with the cryptos and are reputable !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit