Cobak (CBK)
Cobak Token (CBK) is an ERC20-based utility token integral to the Cobak platform, a leading app-based cryptocurrency ecosystem. Known for its significant user engagement, the platform boasts a daily active user base of 60,000 and has achieved 300,000 cumulative downloads. CBK plays a multifaceted role within the platform, facilitating internal payments, unlocking exclusive membership benefits, and serving as a reward mechanism for user participation.
The evolution of Cobak
Founded in 2018, Cobak has established itself as Korea's leading blockchain wallet and community platform. Initially addressing challenges within the cryptocurrency ecosystem, Cobak has grown into a comprehensive hub that offers real-time coin investment information, project news, and exchange announcements from major cryptocurrency media. With over 500,000 users and 100,000 decentralized wallets created, Cobak has significantly increased user accessibility and engagement.

Ticker | CBK |
Category | Polygon Ecosystem |
Website | https://cobak.co.kr/ |
@CobakOfficial | |
Contract Addresses | |
---|---|
ethereum | 0xd8...fd![]() |
polygon-pos | 0x4e...73![]() |
Key features and services
Cobak has hosted numerous participatory events such as Cobak Live and Pop Quiz, distributing rewards exceeding 10 billion won. In 2019, Cobak launched a token sale service (IDO Platform), facilitated by a professional analysis team, resulting in over 47 projects and successful token sales worth more than 10 billion won. This positioned Cobak as a leading platform in Korea.
User base and platform reach
Cobak is the largest app-based cryptocurrency platform in Korea, with a daily active user count of 60,000 and a cumulative app download figure of 300,000. This extensive reach underscores its capability to engage a large audience and provides a fertile ground for the use and circulation of Cobak Token.
Understanding Cobak Token (CBK)
CBK operates on the Ethereum blockchain as an ERC20-based utility token, adhering to a widely recognized standard for tokens on the Ethereum network. This ensures compatibility with various decentralized applications and wallets, facilitating seamless interaction across different platforms.
The role of CBK in the Cobak ecosystem
CBK serves multiple purposes within the Cobak ecosystem:
- Internal payment token: CBK enables users to pay for services on the platform, streamlining transactions within the ecosystem.
- Membership benefits: It unlocks non-monetary membership benefits, enhancing user engagement and fostering loyalty.
- Reward mechanism: Users earn CBK as rewards for participating in community activities, encouraging active involvement and contributing to platform growth.
Security and smart contracts
The Ethereum blockchain's decentralized nature, utilizing a proof-of-stake consensus mechanism, ensures secure and trustworthy transactions. Additionally, Ethereum's smart contract functionality enhances security by automating and enforcing contract terms, reducing the risk of human error.