NEW YORK, Nov. 7, 2017 /PRNewswire/ -- Today, COBINHOOD, a next-generation cryptocurrency service platform announced the launch of its ICO Underwriting Services. The offering consists of business model consulting, smart contract code review, legal compliance, deployment procedures and marketing support.
The first partner to sign on is CyberMiles, a blockchain and smart contract platform for e-commerce. CyberMiles comes forth from 5xlab, a blockchain development laboratory from the creators of 5miles. 5miles, a popular peer-to-peer mobile marketplace app, is expected to be the first platform to use CyberMiles' blockchain protocol, bringing in more than 12 million American users to enjoy the benefits of blockchain technology. 5miles, which launched in 2015, aims to create the best experience for buying and selling goods and services locally, safely and securely.
"COBINHOOD only underwrites high-quality, promising ICOs that have passed stringent due diligence, smart contract code review, and legal compliance by COBINHOOD's dedicated ICO review team," stated Popo Chen, COBINHOOD CEO. "We believe in what CyberMiles is trying to bring to market and look forward to guiding them along the way. Their token, called CMT, will also be offered to trade on our platform."
ICO tokens underwritten by COBINHOOD can be traded on COBINHOOD exchange immediately after ICO, which solves ICO tokens' low liquidity issues. The company recently announced the completion of its own ICO, where it successfully raised 10 million USD equivalent ETH. CyberMiles' ICO will start Nov. 21 and continue till Dec. 5, 2017.
"COBINHOOD and CyberMiles share the same goal in utilizing blockchain technology in the new era," Dr. Lucas Lu, CyberMiles' initiator and the founder/CEO of the 5miles marketplace, said. "We are excited to partner with COBINHOOD, and take advantage of their experience and consulting support to make our ICO a great success."
Launched in 2017, COBINHOOD is a next-generation cryptocurrency service platform. COBINHOOD is home to the world's first zero-fee, high-frequency cryptocurrency trading platform. The company was founded by Popo Chen, the original founder of '17 Media', with the intention of shaping future economies by creating a financial center for the blockchain era. COBINHOOD believes the evolution of blockchain technology and a decentralized financial landscape will transform global capital markets and business organizations with long lasting impact.
CyberMiles is a new decentralized blockchain protocol optimized for business transactions. Initiated in the fall of 2017 by 5xlab, a blockchain development laboratory, CyberMiles uses innovative "smart business contract" modules to facilitate and process transactions simply, effectively, and with transparency. This technology focuses on commercial applications with protocols that ensure the appropriate balance between vertical effectiveness and network compatibility. Learn more at cm.5miles.com.