Cook Protocol Completes Token Distribution to six,700 Holders After DuckStarter IDO

by chainwire

Singapore, Singapore, fifth April, 2021, Chainwire

Cook Protocol, a cross-chain DeFi asset administration protocol, has accomplished its Initial Decentralized Exchange providing on DuckStarter and has efficiently distributed the COOK token on three blockchains.

Cook Protocol is a decentralized platform for performing cross-chain asset administration. The protocol permits anybody to create methods for incomes yield, which can be utilized passively by the Cook group. Fund managers have full freedom in creating methods and deploy them on a number of blockchains. Strategies can vary from easy yield farming aggregation to superior index funds and derivative-based buying and selling programs.

Key to the success of Cook Protocol is COOK, a governance token that permits the group to switch necessary parameters of the protocol. Token holders can select the methods they want to see, determine how a lot of the platform’s income must be used for rewards, and determine the course of Cook Protocol’s improvement.

Cook Protocol’s token is now totally launched to the group on three blockchains. These embrace Ethereum, Binance Smart Chain (BSC) and Huobi ECO Chain (HECO).

“We had a successful TGE. Within 24 hours of the TGE, Ethereum, BSC and HECO networks recorded over 6,700 COOK holders, and the trading volume spiked above $30 million,” said Kun Peng, Co-Founder of Cook Protocol. “This shows the strong belief of the community in the COOK token and Cook Protocol.”

The COOK token noticed a number of distribution occasions on main IDO platforms, together with Poolz, BSCPad and WeStarter and IEO platform on Gate.io. More than 20Okay folks participated within the IDOs and IEO. The newest IDO on DuckStarter marked the token technology occasion, which distributed COOK throughout three inter-connected blockchains. In addition to the COOK token, Cook Protocol has additionally launched an unique NFT on OpenSea, developed in partnership with Bondly.

Notable buyers in Cook Protocol embrace the OKEx Block Dream Fund, a enterprise fund constructed by the OKEx trade to put money into the very best tasks in DeFi and cryptocurrency. Cook Protocol is engaged on a deployment on OKExChain, as a part of its imaginative and prescient of interoperable blockchains. DuckDAO, the community-led incubator that constructed the DuckStarter platform, has additionally invested in Cook Protocol. 

About Cook Protocol

Cook Protocol is a decentralized cross-chain asset administration platform enabling buyers {and professional} asset managers to unlock the potential of DeFi improvements. The platform appears to be like to faucet into the quickly rising crypto asset administration market, which is at the moment valued at tons of of billions of {dollars}. On the Cook Protocol platform, buyers can choose any of the wide selection of funding choices provided by fund managers. It offers buyers with a smooth and easy interface and fund managers with highly effective buying and selling instruments to allow them to maximize income.

Contacts

CEO

  • Kun Peng
  • Cook Finance
  • kp@cook dinner.finance

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