COBINHOOD Zero-Fee Exchange to Support simplyBrand (SBA) Initial Coin Offering
SimplyBrand, Digital E-Commerce Verification Network, Collaborates With COBINHOOD Crypto Exchange
COBINHOOD, a platform that’s offers digital asset services recently made an announcement that it will collaborate with SimplyBrand which specializes in the authentication of e-commerce businesses.
The relationship will see COBINHOOD actively engage in the advisory part of SimplyBrand’s development agenda mainly in its recently commenced ICO process.
🎉 COBINHOOD brings you our next ICO project – simplyBrand ! 🎉
— COBINHOOD (@COBINHOOD) October 17, 2018
SimplyBrand launched their ICO on October 16th where they issued the native token ‘SBA’. This altcoin will be used to power SimplyBrand’s activities through rewards to platform contributors. At the moment, SimplyBrand has a target of $20 million in their hard cap & plan to use all the proceeds gathered in the project’s development.
Basically, the SimplyBrand ecosystem recognized products will be purchased using the SBA token which can also be traded in other crypto exchanges. This move will enable the digital commerce consumers do better background checks while the players will strive to maintain good ratings.
The approach taken by SimplyBrand’s design will leverage AI technology to make the ecosystem safe for consumers. Over the years, hackers have taken advantage of digital e-commerce loopholes to scam innocent buyers. SimplyBrand is built to eliminate such challenges by integrating advanced I.D features & efficiency in transaction verification.
Retailers registered on the SimplyBrand platform will have to uphold their values & operate legitimately in order to avoid blacklisting. SimplyBrand users can be able to view the list of rogue retailers & avoid related losses. Kaufman Chang, the SimplyBrand CEO & founder is optimistic about leveraging the COBINHOOD blockchain services;
“We’re enabling individuals to work together to strengthen the e-commerce community. With e-commerce giants, such as Amazon, the future of retail is transforming into a digital ecosystem. We want to empower society to embrace online shopping and create a better experience for one another.”
SBA tokens will be listed on the COBINHOOD crypto exchange at no cost given its affiliation with the company as of the collaboration announcement. COBINHOOD through its founder, Popo Chen, said that SimplyBrand’s idea is convincing in today’s Fin Tech era;
“The potential to strengthen the global digital economy is what makes this project so exciting. simplyBrand is bringing much-needed protection to online purchasing and COBINHOOD will continue to back the company in its resistance against counterfeiters. We’re very excited to support this project and look forward to the success of the sale.”