What is Cobak Token (CBK) | What is CBK token

CBK is a ERC20-based utility token used on Cobak. Cobak is the largest app-based crypto platform with a DAU of 60,000, and cumulative app-download of 300,000. CBK token will serve (1) as an internal payment token used for payment for services, (2) as means to unlock non-monetary membership benefits on Cobak, (3) as a reward token for participating in and performing activities beneficial to the platform and community.

1) Token allocation and distribution summary

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2) Wallet Address summary

Private Sale 0x72A6df6A116a8aBC4bEC9C0A9E7B1F47140940ad

Staking Reward 0xB4340FC4E67A0F9D6B5f8934Abb3d71E836a022F

Team 0x29010c91e5D6E9d003F00B0C3f4223Cbc269E807

Partner 0x20c41702308Af0d981DA1Bff18e87541808D5f15

Ecosystem 0x5A67562b50670E54A9B01D97b17dFF8e9Fd0659a

3) Guidance on Unlock schedule and circulating supply of CBK

This circulating supply for 6 months will be the private sale (seed round, strategic round, and private round), staking reward, and ecosystem. Following are the 6 months of token unlock volume since the initial token distribution date and cumulative volume.

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For the Month 1, out of 4 millions of CBK, 3 millions of CBK will be unlocked from private sale and 1 millions of CBK will be unlocked Ecosystem pool

4) Guidance on Lockup and Vesting Schedule

- Private sale: lockup and vesting period varies

(from 3–6M lockup & up to 12M vesting)

**- Team: **12M lockup and 24M vesting

- Partner: 6M lockup and 12M vesting

**- Staking reward: **1M lockup & 36M vesting

**- Ecosystem: **1million CBK unlock for the 1st month and rest, 36M vesting.

CBK

CBK is a ERC20-based utility token used on Cobak. Cobak is the largest app-based crypto platform with a DAU of 60,000, and cumulative app-download of 300,000.CBK token will serve (1) as an internal payment token used for payment for services, (2) as means to unlock non-monetary membership benefits on Cobak, (3) as a reward token for participating in and performing activities beneficial to the platform and community

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