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COB is undervalued – Market price should rise soon

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COB

Cryptocurrencies are stealing all the headlines these days, performing extremely well in 2017 and attracting more investors in 2018. At the moment, there are over 4500 crypto-coins going around, each designed to serve a specific purpose and to contribute to the financial and economic growth worldwide.

Outcomes of Blockchain technology

Even if the crypto market has gained in popularity since 2013, the first digital coin to be invented was Bitcoin in 2009, being the first decentralized crypto, that paved the way for the revolutionary blockchain technology.

“The size of Blockchain technology market is projected to grow to over 2 billion U.S.dollars by 2021.”

Consequently, along with blockchain innovations, virtual trading has increased drastically as people are switching from fiat-based financial system to a blockchain-based one. Furthermore, crypto trading volume surpassed stock trading volume by August 2017.

Taking advantage of the many benefits blockchain has introduced, Cobinhood, the first zero trading fee exchange platform, has upgraded to handle modern demands in the market. In fact, its creator, Popo Chen, pointed out that before launching this platform, he looked into the real issues affecting the current online exchange system.

Issues in the Cryptocurrency Market

Like any novel movement, digital currencies have their inconveniences, aspects that should not be neglected by investors or users. The most frequent are:

  1. Inefficient Real-Time trading – A cryptocurrency exchange is a marketplace for buying, selling, or shorting digital assets. To trade, the exchange uses a sophisticated trade matching software, which links the buyer and seller, and facilitates the trade between them. Unfortunately, since the immense growth of digital coins, issues such as delayed orders or limiting trading APIs arose.
  2. Asset Security Problems – Many trading platforms have been the target of hackers. For instance, Bitfinex was hacked recently, and it lost 120k Bitcoin, which today are valued at more than $1bil.
  3. Unexpected Shutdown – Although it is a common aspect of trading platforms, it can have serious effects on coins, leading to other worrying results. A popular trading platform like Coinbase, had three shutdowns in one day resulting in a decrease in value for bitcoin.
  4. Limited FIAT currencies supported – Since there is a great range of different crypto-coins, many websites support only one fiat currency, whilst others do not provide fiat deposit or withdrawal at all.
  5. Slow Customer Service – customer services are slow, especially when there could be thousands of users that demand identity verification at once. In some situations, there is no one to even respond to inquiries.

How Cobinhood Solves These Problems

Cobinhood’s features were specifically designed to overcome pressing obstacles that stand in the way of traders and investors worldwide. The main ones are:

  1. Zero Trading Fee – There are no trading fees for spot and margin exchanges, in order to maximize profits globally.
  2. Offline Multisig Wallet Security System – All crypto assets deposited on their platform will be stored in an offline multisig wallet – considered to be the safest strategy to protect your income.
  3. 100% Reserve Guarantee – To ensure no embezzlement of traders’ funds, the reserve guarantee was introduced. Plus, it makes public all online and offline wallet addresses for public audit.
  4. Assets Backed by Insurance – In order to fully recover any assets, all users’ online wallets are backed by insurance.
  5. Wide Range of FIAT currency supported – Users are able to choose their desired fiat currencies for withdrawals or to make funds deposits. Examples of FIAT currencies include USD/EUR/JPY/KRW/CNY/GBP/CAD, and others.
  6. Full-time Responsive Customer Service – Cobinhood provides 24/7 online customer service to ensure consistency on the website and to keep all users satisfied and guided professionally. In case customers need assistance, success specialists can be reached via the COBINHOOD website or mobile app.

Apart from the previously mentioned features, Cobinhood also launched their token symbol – COB, that has many utilities and brings a lot of advantages for token holders. To be more precise, users will be eligible for several privileges: 50% off margin trading loan interest when paying with COB tokens, along with getting future ICO tokens at significantly lower rates.

Just as important, COB is based on the Ethereum ERC20 token standard, and the tokens issued by the ICO can only be purchased with Ethereum. Additionally, 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 is expected to rise more since now it’s undervalued.

In case you are interested in finding more details regarding this flourishing crypto, check out their website.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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