1. What is COB?

Cobinhood (COB) is a type of token primarily used for trading fees and other services on the Cobinhood exchange. Here is an introduction to Cobinhood:

• Exchange Background: Cobinhood is a token exchange established in 2017, headquartered in Taiwan. The exchange attracted a large number of users with its zero trading fee model.
• Uses of COB: COB is the native token of the Cobinhood exchange, used for paying trading fees, participating in community activities, and more.
• Technical Features: Cobinhood uses blockchain technology to ensure the security and transparency of transactions.
• Community Support: Cobinhood has an active community where users can engage in discussions, share information, and participate in community activities.

It is important to note that Cobinhood announced the closure of the exchange in 2020 and ceased trading and use of the COB token. Therefore, the COB token no longer has actual utility value.

2. Who founded COB?

Cobinhood (COB) was founded by Popo Chen. Popo Chen is an entrepreneur from Taiwan and an early supporter of blockchain technology. He founded the Cobinhood exchange in 2017 and launched the COB token.

3. Which venture capitalists invested in COB?

According to the provided information, the following venture capital firms invested in token-related projects, but there is no specific information related to "COB." However, the following firms have been mentioned as having invested in the token space:

1. Qiming Venture Partners
2. Sequoia China Seed Fund
3. BlueRun Ventures
4. GSR Ventures
5. Wangxin Ventures
6. Lightspeed China
7. Polar Light Ventures

These firms primarily invest in the token and blockchain sectors, but specific investment information regarding the "COB" project has not been clearly mentioned.

4. How does COB work?

Tokens (Cryptocurrency) are a type of digital or virtual currency that uses cryptographic technology to secure transactions. Here is a brief overview of their operating principles:

1. Blockchain Technology: Tokens are based on blockchain technology, a distributed public ledger that records all transactions. The blockchain is a decentralized system that verifies and updates transactions through multiple nodes in the network.

2. Transaction Verification: Transactions of tokens are verified through a process called "Farm; Mine." Farm; Mine involves using computer power to solve complex mathematical problems to produce new units of tokens.

3. Cryptographic Wallet: Tokens are stored in digital wallets. These wallets can be online software (hot wallets) or offline electronic devices (cold wallets), used for securely storing the private keys of tokens.

4. Transaction Process: When you transfer tokens, the transaction is recorded in the public ledger. Tokens use cryptographic technology to protect transactions, ensuring security.

5. Decentralization: Tokens do not rely on central banks or government institutions for issuance and management. It is a peer-to-peer system that allows anyone, anywhere, to send and receive payments.

In summary, tokens operate through blockchain technology, the Farm; Mine process, cryptographic wallets, and a decentralized system, providing a secure, transparent, and decentralized method for transactions.