Cobak has had a vibrant first quarter with exciting new partnerships, token sales for the most cutting edge projects in the space, and development across the entire platform for a better user experience and more user acquisition. To keep the community up-to-date on the work that Cobak is doing to support these efforts, we will be publishing a monthly post following this recap of the first quarter of the year on our latest developments and updates.
1Q Highlights
1. Parterships:
- KPA(Korean Polkadot Alliance)
Cobak, RAI Finance, and STP has formed the Korean Polkadot Alliance, a non-profit consortium of industry-leading projects and teams in Korea that are building on Polkadot. As Polkadot continues to gain traction in Korea, the KPA will lead initiatives to grow the overall ecosystem by providing resources necessary for both Korean based Polkadot projects and teams along with ones looking to tap into the Korean crypto market. - WITH
Cobak has partnered up with Project WITH to cooperate on the issuance and circulation of NFTs from Project WITH and co-marketing the said NFTs on respective platforms.
2. Tokensales:
- RAI
- Target sale amount: 100,000 USDT
- Amount raised: 647,666.93 USDT
- Percentage reached: 647.67%
- Total number of transactions: 174
About RAI Finance
RAI Finance is a protocol designed to provide DeFi with a wider range of assets, a higher amount of liquidity, and a diverse set of financial use cases. When this feature set is combined with the cross-chain compatibility of the Polkadot ecosystem, it eliminates fragmentation across the existing DeFi ecosystem by bringing a complement of new assets and a higher amount of liquidity to decentralized finance.
- DAD
-Target sale amount: 200,000 USDT
- Amount raised: 200,000 USDT
- Percentage reached: 100%
- Total number of transactions: 151
About DAD
DAD as a new generation of decentralized advertising public chain, has made advertising data more open and transparent, so that advertisers are able to know where their money is spent without infringing on users’ privacy. Moreover, micro-amount and high-frequency settlement is now an option in the advertising industry thanks to the Lightning Network, and combined with incentives of the token economy, empowering all parties to maintain a healthy advertising ecology.
3. Product updates:
- 450K cumulative total unique users
- New forms of token sales implemented (Liquid, small cap) to keep up-to-speed with the evolving token sale space
- CBK to be used for airdrop events on Cobak in response to the abnormally high gas fees on the Ethereum netowork.
- Launch of Cobak’s weekly newsletter
- Launch of Expert Column (Subscription based based service for crypto investment/trading insights)
2Q Upcoming events
- Token Sale for O3Swap on May 12th
- Website UI renewal
- Service fee to be accepted in CBK
- Leveling system on Cobak to be enhanced to incentivize active community members
- CBK staking product development
