Cobra Coin is a “BUSD reward” project. $COBRA is a new coin on Binance Smart Chain. Let’s look at it.
The biggest BUSD reflection token with auto-claim feature. Simply hold COBRA tokens in your wallet and you’ll earn BUSD
Project name: Cobra Coin
Contract address: 0x9bddc78167e7676f36A0c1da710b2a00EC99Ffc6
Network: Binance Smart Chain (BSC)
Total supply: 100.000.000.000 COBRA
Presales always have some risks. Please DYOR (do your own research)
|Liquidity Lock Rate||60%|
|Min-Max Spend per Account||–|
|Audit||(by AuditRate Tech)|
|Start||2022.01.30 16:00 UTC|
|End||2022.02.01 16:00 UTC|
- KYC (by PinkSale)
- Audit, check report. There are owner privileges. Some of them:
- Owner can set swap tokens at amount
- Owner can exclude multiple accounts from fees
- Owner can set marketing/liquidit/token rewards fee
About the team
From White/Lite Paper
COBRA is here to stay by applying a new funding strategy through pools and staking. That will guarantee a growing passive income for marketing and development.
In order to achieve this, we will stake the majority of funds collected from taxes and use the staking rewards from this to help the project grow (which will allow holders to gain a passive income).
With our solution, assuming we collected 1000 BNB during the fair launch, 600 BNB will go to the liquidity pool (locked for 1 year) and the majority of the 400 BNB will be staked at Pancakeswap in the $cake pool.
This is enough to bring about $10,000 monthly to the project that will be spent on advertising and development.
Features of $COBRA Token
There is a 10% tax/transaction fee:
- 4% Redistribution in BUSD
- 4% Marketing and development
- 2% Liquidity pool
For more info, you should read the White Paper
Cobra Coin is a reward token. There is a total 10% tax. 4% of each transaction will be distributed to holders as BUSD.
4% will be allocated for the marketing wallet. $COBRA wants to create a permanent marketing fund.
For this, the funds from tax fees(4%) and some of the funds to be collected from the fair launch will be deposited into the $CAKE pool. They plan to create a permanent marketing fund with the income from this pool.
Tokenomics: There are 4% unlocked tokens. Team tokens(12%) are locked for 1 year.
The team has passed KYC(by PinkSale). They have also a smart contract audit. These are good signs.
The important thing in Reward token projects is whether the team manages marketing well.
You need to trust the team. Because they have important privileges in the smart contract.
It’s a project worth checking out. Join the Telegram group and ask your questions to the team.
(Not Financial Advice)
COBRA raised 104 BNB. It reached softcap. Success
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