Cobak Token (CBK) is the native cryptocurrency of the Cobak platform. Cobak is based in Korea and is one of the country’s most successful all-round crypto services. The platform launched in 2018 with a data aggregation service designed to allow users with comprehensive access to digital asset market price data. At the time of launch, such information was difficult to sort through due to exponential growth in exchanges and digital assets. 

Cobak also aggregates news including coin investments, announcements, and major exchange news. Additionally, the ecosystem includes a wallet, a token sale service, as well as several socially-geared programs to drive engagement.

The CBK token is a utility token and is used for payments for goods and services, as well as transaction fees within the Cobak ecosystem. It is also distributed to users as a reward for engaging within the Cobak community. The CBK token uses a burn mechanism in order to help retain value.

What are Cobak’s key features and how does it work?

Some of Cobak’s key features include:

What can CBK be used for?

In more detail, the CBK token can be used across a range of DeFi and CeFi products. Users can stake the CBK token and receive rewards in exchange. Rewards include being able to vote for projects to host ICOs on the Cobak token sale platform and increased personal caps for token sales.

In order to take part in Cobak ICOs, users must hold CBK. The amount of CBK held, as well as the terms of a particular ICO will determine token sale allocation.

Cobak also has a forum service. Users can create and operate dedicated forums to discuss topics. For example, a project can set up a forum for engagement with its community. In order to create a forum, users must propose CBK. Similarly, operators of a forum can be replaced by users who propose more CBK.

Where can you buy CBK?

CBK is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are MEXC Global and Gate.io. The price of CBK will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for CBK market price, please view the price charts on this page.