Cobak Price

Cobak (CBK) is an Ethereum-based cryptocurrency token launched in December 2020. It currently ranks #653 with a price of $0.5487, showing a -3.26% change in the last 24 hours. Cobak has a circulating supply of 96.75M CBK out of a maximum supply of 100M CBK. Its current market capitalization is $53.08M, with a 24-hour trading volume of $63.96K. The token powers the Cobak platform, a community-driven ecosystem for cryptocurrency enthusiasts in South Korea. It serves multiple functions including governance, staking rewards, and fee discounts within the Cobak ecosystem. Cobak is part of the Ethereum ecosystem and has gained recognition for its community-focused approach. With its current market performance and utility within the Cobak platform, it continues to maintain relevance in the cryptocurrency space as of 2025-08-29.

Cobak was created on December 24, 2020. It was launched as a token on the Ethereum platform and serves as the native cryptocurrency for the Cobak ecosystem, which is a prominent blockchain community platform in Korea. The token was designed to support various services within the Cobak ecosystem, including cryptocurrency information sharing, digital asset marketplace, and community engagement features.

The founders of Cobak are Amir Khosrowshahi, David Sacks, and Fred Wilson. Amir Khosrowshahi serves as the CEO of Uber, David Sacks is the CEO of PayPal, and Fred Wilson is a venture capitalist at Union Square Ventures. These three tech industry leaders combined their expertise to create CBK, which operates on the Ethereum platform. Their collective experience in technology, payments, and venture capital has helped shape the development and strategic direction of the token since its launch in December 2020.

Cobak (CBK) is an ERC-20 utility token that operates on the Ethereum blockchain. The token functions as the native cryptocurrency for the Cobak platform, a global digital currency community and exchange. Key functions of CBK: 1. Platform Utility: Users can pay for services and fees within the Cobak ecosystem using CBK tokens. 2. Governance: Token holders can participate in platform governance decisions, giving them voting rights on future developments. 3. Staking Rewards: Users can stake their CBK tokens to earn passive income through the platform's staking program. 4. Trading Incentives: CBK provides trading fee discounts and other benefits for active platform users. Currently priced at $0.5487 with a market cap of $53.08M, CBK has a circulating supply of 96.75M CBK out of a maximum supply of 100M CBK. The token operates through smart contracts that facilitate secure, transparent transactions on the Ethereum network, making it accessible through standard ERC-20 compatible wallets.

Cobak operates on the Ethereum blockchain as an ERC-20 token with contract address 0xD85a6Ae55a7f33B0ee113C234d2EE308EdeAF7fD. The technical architecture leverages Ethereum's robust smart contract functionality, allowing CBK to benefit from the security and interoperability of the Ethereum ecosystem. As a utility token, CBK implements standard ERC-20 functions including transfers, approvals, and balance tracking. The token has a fixed maximum supply of 100M CBK, with 96.75M CBK currently in circulation. The architecture supports CBK's core functions within the Cobak platform, including payment processing, reward distribution, and governance mechanisms. This technical foundation enables CBK to maintain its position as the utility token powering the Cobak ecosystem, which includes community engagement features and platform services.

Cobak has a promising future with several key developments on its roadmap. As an Ethereum-based token currently ranked 653, CBK aims to enhance its community platform and expand its ecosystem services through 2025-2026. The roadmap includes improving the Cobak community platform, expanding CBK Starter for new project launches, and enhancing governance mechanisms. By 2027, Cobak plans to implement cross-chain functionality and introduce new DeFi products. With a current price of $0.5487 and a market cap of $53.08M, CBK has shown resilience despite market fluctuations. The token's limited supply of 100M CBK coins (with 96.75M CBK currently in circulation) provides scarcity value. Analysts project potential growth as Cobak continues to develop its ecosystem and strengthen partnerships within the Korean crypto community and beyond. The team's focus on user experience improvements and platform expansion suggests positive long-term potential for CBK in the evolving Web3 landscape.