Dear Cobak Community,
We are excited to announce that our decentralized CC, a core component of Cobak, has been successfully integrated into the service this morning KST. Cobak is delighted to introduce the Dual Token System, one of the most essential elements mentioned in our whitepaper, into the service. Implementing the ecosystem outlined in the whitepaper is a significant leap forward for our CBK project. We have spent a long time preparing to perfectly integrate the Dual Token System into Cobak. Based on this system, Cobak will apply various contracts to the actual service, creating a truly innovative Web3 community like never seen before.
Here are the detailed updates:
General Updates
Cobak Cash to Points (P)
- Existing Cobak Cash has been converted to Points (P), preserving its current value.
- After the conversion, all Cobak Cash issued within the Cobak system is now in Points.
- The terms of service related to Points and existing Cobak Cash have been updated.
- Points older than 24 months will expire.
- Push notifications regarding expiring Points are sent at the beginning of each month, and they are deleted at the start of the following month.
Decentralization of Cobak Cash
- The centralized Cobak Cash has been replaced with the new decentralized CC.
Cobak Live Reward Changes
- Reward: 2 CBK → 2,000 Points
Points to CC Conversion
- Conversion is possible at a 1:1 ratio with a 100 CC fee.
- Withdrawals can be made in increments of 1,000 Points, with a minimum withdrawal amount of 5,000 Points.
Polygon CBK to CC, CC to Polygon CBK
- Conversion is available at a 1:1000 ratio between CBK and CC, with a small gas fee (MATIC).
Membership Purchase Currency Change
- The currency for purchasing memberships has changed from CBK to decentralized CC.
Wallet Reset on Logout
- Logging out of the Flutter app will reset the wallet.
AOS Version Updates-New Services
Flutter Integration
- The latest technology, Flutter, has been introduced to improve app performance and user experience.
- *Introduced to AOS first, followed by iOS.
My Page Update
- My Page has been updated to resemble the web layout.
- Profile, My Activity, Wallet, Account, and Security sections have been added.
- Clicking on user information navigates to the respective information page.
Attendance Check and Mission
- The location has moved to My Page with a UI update.
- Check the Points received today in the mission event!
Points & Bounty
- The Points UI has been updated. You can now move to the exchange from the Points history page.
- Check for expiring Points on the Points history page.
Wallet
- The Wallet UI and its location have been updated, and it is only displayed if a wallet is available.
- View the list of coins held.
Exchange
- Supports exchanges between various cryptocurrencies.
Points to CC
- Conversion at a 1:1 ratio with a 100 CC fee. Withdrawals in increments of 1,000 Points, with a minimum withdrawal amount of 5,000 Points.
Polygon CBK to CC, CC to Polygon CBK
- Conversion at a 1:1000 ratio between CBK and CC, with a small gas fee (MATIC).
Cobak Live
- The Cobak Live UI has been updated with changes to rewards and retry conditions.
- Reward: 2 CBK → 2,000 Points
- Retry Condition: 500 Cobak Cash → 500 Points
Swap
- Provides an easy network swap feature. (Planned)
Withdraw
- The Withdraw UI and transaction history have been updated.
- Logging out of the Flutter app resets the wallet.
Web Version Updates — New Services
Cobak Wallet
- Integrates Cobak’s own wallet service with the app for safer and more convenient asset management.
WalletConnect
- Supports WalletConnect for integration with various apps.
MetaMask
- Enhances usability through compatibility with widely used MetaMask.
Membership Purchase
- Memberships can now be purchased on the web.
Cobak Live
- Enjoy real-time Cobak Live on the web.
Deposit
- Easily and safely deposit assets on the web.
Withdraw
- Withdraw assets at any time on the web.
Exchange
- Supports exchanges between various cryptocurrencies.
Swap
- Provides an easy network swap feature. (Planned)
Event / Mission
- Receive rewards through various event missions.
Please note that the above details are subject to change based on internal circumstances.
This update aims to provide a fairer and more transparent transaction environment by decentralizing Cobak Cash and transitioning to a point system. Cobak prioritizes technological advancement and user satisfaction, continually improving services and introducing new features. We are committed to providing you with the best possible service and experience through these updates. Cobak is preparing better services based on user satisfaction, which is also the direction Cobak should pursue the most after the launch of the Dual Token System. According to the whitepaper, we will faithfully implement the roadmap and provide diverse experiences within Cobak.
Thank you!
