Cobak CBK

1. Summary

Ranks

Liquidity

24

Developer

-

Social

50

Momentum (beta)

29

Stack Rank™

-

Price

$0.56 +0.8%

Market Cap

$47.94M (#605)

Supply

82.94M / 100.00M

Tags

Polygon Ecosystem Ethereum Ecosystem DWF Labs Portfolio

More Metrics

Price
52W High price	$1.32
52W High date	13th Mar 2024 (4 months ago)
All Time High (ATH) Date	2nd Apr 2021 (3 years ago)
ATH Price	$15.74
% From ATH	-95.12%
All Time Low (ATL) Date	30th Dec 2022 (1 year ago)
ATL Price	$0.43
% From ATL	77.16%

Supply & Trading Volume
Trading Volume (24h)	$2.09M
Total Supply	100.00M
Max Supply	100.00M
Circulating Supply	82.94M

Less Metrics

Description

Cobak is a blockchain-based platform that utilizes the ERC20-based utility token CBK. The platform is touted as the largest app-based crypto platform, boasting a daily active user (DAU) count of 60,000 and a cumulative app download count of 300,000.

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Cobak is a blockchain-based platform that utilizes the ERC20-based utility token CBK. The platform is touted as the largest app-based crypto platform, boasting a daily active user (DAU) count of 60,000 and a cumulative app download count of 300,000.

The CBK token serves three primary functions within the Cobak ecosystem:

1. Internal Payment Token: CBK is used as a means of payment for services on the platform.
2. Membership Benefits: The token unlocks non-monetary membership benefits.
3. Reward Token: Users receive CBK as rewards for participating in activities that benefit the platform and community.

Cobak operates as a dual token system, where CBK represents a governance token, tradable externally as an asset, and another token, CC, represents an internal point or asset within the project ecosystem. This setup aims to provide users with stable value and liquidity without exposing them to significant price volatility. The governance token and utility token exchange rate is 1:1,000.

Cobak also incorporates a staking system where users receive compensation for freezing tokens for a specified period, contributing to the liquidity and stability of the platform.

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