Asia Blockchain Forum Sponsors Unveil Coinbay, The First Taiwan Compliance Digital Asset Exchange

October 10 17:10 2018

During September 6th to 7th, 2018, “Asia Blockchain and Cryptocurrency Forum — Chain Champion of Taiwan Station” was hosted by the Coinbay Digital Currency Exchange, Taiwan Blockchain and Cryptocurrency Technology Association, co-sponsored by All-In Institute and Social Chain, and co-organized by Manzi Foundation, Gold Field Investment and Quark Ecological Community. Representatives of Taiwan’s leading companies, industry giants, qualified projects, top investment agencies and leading media were also present at the event.

As one of the hosts, the exchange of Taiwan, Coinbay (coinbay.tw), has kept a low profile since its launch in early September. However, it has a quite profound background. Actually, Coinbay is a new type of digital currency asset platform supported by Taiwan Blockchain and Cryptocurrency Technology Association, that is to say, it’s a digital assets exchange which conforms to Taiwan regulations and has legal investment platforms and asset supports.

CBC token is the core product of Coin Bay. As the own tokens of the platform, the upper limit of total circulation is 1 billion and after completing the initial circulation, there will be no more additional issuance. CBC token is a decentralized Blockchain digital asset based on Ethereum of Ethernet. Also, it is a standard ERC-20 token based on the Ethernet Blockchain.

CBC uses a deflationary model, growing steadily to ensure investors’ asset safety. The latest deal price was 1.34TWD with an increasing of 0.9%. Till October 8th, it has risen for thirty-four consecutive days, up to 30 cents a month. In the unclear bear market, CBC is undoubtedly a very low-risk and sound investment means, becoming a safe haven for digital money investors.

According to the white paper, the founding team holds 10 percent of the tokens of 100 million, of which 30 percent held by them will be released for the first time (30 million), followed by a five-year linear release of 14 million at a time. 35% of the funds raised by the IC0 public releasing will be used for the functional development and system operation and maintenance of Coinbay platform, including providing incentives for team members, R & D funding, and so on; 50% of which will be used for brand building and operational promotion of Coinbay platform, including promoting and popularizing Coinbay platform to the traditional industry, Blockchain industry constantly, providing financial supports for all kinds of marketing activities, ensuring that Coinbay platform will be quickly recognized by the market, as well as rapidly accumulating trading users; and 15% will be used as the reserve and emergency funds for Coinbay platform to deal with various emergencies.

At the same time, the platform coin CBC also undertakes a variety of functions. Coinbay platform will continuously excavate more Blockchain technology entrepreneurship teams and projects, and select high-quality projects to hatch. Qualified projects hatched by Coinbay will start crowd-funding and subscription on the platform. Users who hold CBC tokens can take part in private placement of the project. During the investment period, users can receive all fees and other income dividends generated by the variety. The specific amount of dividends will depend on the total revenue generated by the trading variety and the total amount of CBC tokens invested on the variety. Coinbay will set a limit on the total amount of investment for different trading varieties, as well as a minimum income guarantee in order to ensure the investment income of the users.

For the users, Coinbay cooperates with multiple banks, has a legal access to gold and supports a variety of legal currencies, including the NT dollar. In addition to this, Coinbay offers a perfect financial product service that initially supports spot trading, and later will be available for online leveraged trading, commodities trading and financial products such as ETF, as well as a variety of order models (such as price-limit orders and trailing stop orders, etc.) for users to trade freely.

For the project side, the project on-line in Coinbay can receive almost full fee return. During the token trading transactions, users on the platform need to pay a fixed proportion of the handling fee, which is 0.2% during the initial operation of the platform. Afterwards, it will set a different fee ratio according to the operational needs, the Maker and Taker, and user history transaction level.

Asia Blockchain and Cryptocurrency Forum is still going on, while Coinbay has taken over the baton from Taiwan’s Blockchain industry. Nowadays, when CBC is growing steadily, more and more digital currency lovers are focusing their attentions on Taiwan. Just as last year, people chose Hong Kong in “September Fourth”, this year’s Taiwan Coinbay will be your best choice at the bear market to avoid risks as well as earn profits.

Media Contact
Company Name: Taiwan Coinbay Exchange Co.,Ltd
Contact Person: Alexis
Email: Send Email
Country: Taiwan
Website: http://www.coinbay.tw

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