STP Network announced yesterday that they, along with other blockchains such as Neo and Ontology, have made a strategic investment in Cobak. Cobak is considered Korea’s number one blockchain community. Information about this strategic investment was shared in a tweet on Cobak’s official Twitter page.
About Investment in Cobak
The investment aims to augment as well as strengthen their relationship as a strong strategic partner of Cobak. Also, this partnership will help the STP Network in expanding its presence in several Asian communities.
The aim is to increase cooperation between both parties within the Korean market and also capitalize on different opportunities that arise in that market. In the years ahead, Cobak will be co-operating with the top four blockchain projects. The aim is to usher in new profitable opportunities and developments for the Cobak community token, the CBK holders, and STPT.
As mentioned above, STP Network entered into this strategic investment with other blockchains such as GXChain, ONT, and NEO. It is also worth mentioning here that earlier, STP Network entered into a partnership with Cobak for developing their Korean community.
More About Cobak
Cobak has now become one of the top cryptocurrency platforms in Korea, with more than 3,00,000 users. Cobak provides wallets, airdrop, news, ticker check, token sales, and a lot more to its user base.
Also, Cobak is primarily recognized for its forum and online community. This is the community where projects, as well as investors, share their information and thoughts.
About STP Network
STP Network is a decentralized network that utilizes standard tokenization protocol that defines how to issue and transfer tokenized assets while remaining in compliance with regulations. Tokens built using the STP standard utilize an on-chain validator made available by the protocol for verifying compliance with issuer-specific or jurisdictional requirements.