What is Cobo?
Cobo is a self-proclaimed main developer of shopper merchandise for the blockchain business. They launched their first product in 2018, the Cobo Wallet, because the first-ever POS cryptocurrency wallet, that manages the mining course of for customers. That ensures that they’re continually incomes mining rewards whereas having their tokens and crypto accessible. Their headquarters are in Beijing, and they’ve workplaces in Shanghai.
The wallet we’ll discuss in additional element, however the firm claims to present military-grade safety for its customers.
The imaginative and prescient that drives Cobo is to assist cryptocurrency buyers handle their portfolios whereas holding full management over their investments.
Changhao Jiang one of many co-founders of the corporate is a former Facebook and Google platform engineer. One of his main accomplishments is the invention of the “Big Pipe” business protocol that led to decreasing web site load occasions. He’s launched Bihang, and his associate has launched F2Pool, the most important mining pool on the planet right now.
They ultimately be a part of palms collectively to create Cobo, after assessing that the market wants a mature, constant, and dependable cryptocurrency wallet answer.
The Series A spherical
Cobo, a developer of shopper blockchain merchandise had raised a big sum of money (US$13 million) by WU Capital and DHVC in a Series A funding spherical.
They have two merchandise:
- Cryptocurrency wallet that helps buyers with POS foreign money mining
- Hardware wallet (not but out there) that’s safe and accessible. (see photograph under)
The funding shall be used to help the global progress and promotion of the app. The wallet helps all cryptocurrencies, however the distinctive, distinctive function is the truth that the wallet can facilitate POS mining, making it most engaging to POS buyers. The wallet creates a staking pool and all the customers take part collectively to maximize the probabilities of efficiently mining the subsequent block.
Since their launch, they’ve attracted half a million customers and help greater than 30 cryptocurrencies and up to 500 tokens. They have two-factor authentication, scorching and chilly servers, and HSM encryption.
You can simply change from POS to HD wallet storage, and you have got entry to a Dapp retailer by way of the app itself.
Cobo Vault (Hardware Wallet)
Their first hardware wallet product, the Cobo Vault, is just out there for pre-order on Indiegogo. It is unclear how lengthy it’s going to take for them to create the ultimate product, however contemplating how briskly the cryptocurrency ecosystem is to undertake lovely merchandise akin to these, it’s higher to be protected than sorry, and pre-order in case you just like the wallet and can afford it.
It retails for $479 in accordance to the official press launch.
Supposedly, the hardware wallet can take the load of a automotive and survive, and if the wallet is bodily tampered with and anyone tries to drive it open, it can self-destruct.
It goes the additional mile to ensure that your investments are protected.
What do you consider this product and firm?