Cobi – Cobidex

COBIDEX, the world’s first community-owned Bitcoin derivative exchange, is powered by the Cobi Governance Token.

Cobi features a unique set of use cases that incentivize users to trade on the exchange, delivering a one-of-a-kind proposition that is here to disrupt the crypto exchange landscape and reshape the very future of crypto.

Cobi Tokenomics

As Cobi is a governance token, holders of Cobi will receive dividends from the revenue generated on the platform and have a right to vote on key decisions regarding the future of the platform.

Total Supply	4.8 Billion Cobi
50%: 4 stages of Trade Mining rewards to users
A. 0-600million	1 Cobi token For every $0.05 fee generated
B. 600m- 1.2 billion	1 Cobi token for every $0.10 fee generated
C. 1.2b-1.8b	1 Cobi for every $0.15 fee generated
D. 1.8 b- 2.4 b	1 Cobi for every $0.20 in fees generated
The Other 50%
Team and advisors	20% = 960 million Cobi vested for 24 months
Growth hacking and user acquisition	7.5% - 360 million Cobi
Liquidity & Insurance fund	15% = 720 million Cobi
Ecosystem Development	7.5% = 360 million Cobi

Community Owned

Once Cobidex transitions into a fully decentralized exchange, the community will have full ownership of the exchange via the Cobi token. Cobi token holders will receive a share of the daily revenue generated by the exchange proportional to their Cobi token holding as long as their Cobi tokens are staked.

Cobidex exchange is designed so that the community of stakers act as a pooled counterparty for the trading of all derivatives and synthetic assets. Each minted derivative or synthetic asset is equal to the Cobi token holder incurring a debt. This debt can increase or decrease independent of the original value of minted assets.

If a token holder mints synthetic Ether or a Bitcoin derivative, and the value of those synthetic assets increases or decreases, the debt of the Cobi token holder would adjust accordingly to maintain a constant collateralization ratio. In this way, Cobi token holders act as a polled counterparty to all synthetic asset trades and provide a decentralized form of collateralization.