What is CoooCoin?

CoooCoin is an exchange token based on blockchain technology, issued by CoooCoin Corporation as the sole medium of exchange for services or products offered on Cooonet’s service exchange platform (Cooonet Platform). You can buy, earn, use, transfer, donate, cash out, deposit, or withdraw CoooCoin at your discretion1.
CoooCoin can be bought and cashed out on the Cooonet Platform. You may also trade CoooCoin on the CoooEXCH trading platform hosted on CoooCoin’s official website.

All activities mentioned above and those related are subject to the definitions, rules, restrictions, limitations, terms and conditions of the Cooonet Platform. Please observe and abide by the laws of the country you are in at the time of transaction.

1 'buy' is to buy CoooCoin with fiat currency; 'use' is to use CoooCoin to make payments for services or products offered on Cooonet; 'transfer' is to transfer CoooCoin to another Cooonet user; 'donate' is to donate CoooCoin to a specific student listed in the Cooonet Charity Center’s database or to donate to or establish a Cooonet Charitable Fund (you can establish you own Charitable Fund]; 'cash out' is to exchange CoooCoin for Hong Kong Dollars at the exchange rate published on this site;'deposit' is to transfer CoooCoin from your personal Ethereum wallet to your MyWallet in Cooonet Platform; 'withdraw' is to transfer CoooCoin from your MyWallet to your personal Ethereum wallet.


How do I buy CoooCoin?

Log in to Cooonet Platform and select the 'Buy' function in MyWallet.

You can buy CoooCoin directly from the Cooonet Platform by using credit cards, debit cards, third-party online payments, or by fund transfer into our bank account in Hong Kong. Upon receipt of payment, we will credit the purchased amount of CoooCoin and transfer it directly into your MyWallet on Cooonet Platform within 1 working day. You will be informed via email as soon as we receive your payment. If you are making the payment by bank transfer, please inform us online immediately after you have made the remittance.


How do I cash out CoooCoin?

Log in to Cooonet Platform and select the 'Cash Out' function in MyWallet

A cash-out rate, which includes a small handling fee and banking charges, shall be applied upon cashing out. Cooonet will transfer the fund within 3 working days to your bank account in Hong Kong according to your instruction. The minimum and maximum amount of CoooCoin that you can cash out per day is 1,000 COOO (1 KCOOO) and 100,000 COOO (100 KCOOO) respectively.

If you wish to transfer the money to a bank account outside of Hong Kong in a currency other than HKD, a published daily exchange rate on the Cooonet Platform will be applied, and a fee for handling and remittance services will be charged to you.


How do I deposit (transfer in) my CoooCoin?

This is only applicable if you keep your CoooCoin in a personal Ethereum wallet.

Log in to Cooonet Platform and select the 'Deposit' function in MyWallet. You will receive instructions on how to send your CoooCoin to your unique MyWallet Address. Your CoooCoin will be deposited into your MyWallet immediately.


How do I withdraw (transfer out) my CoooCoin?

This is only applicable if you have a personal Ethereum wallet2.

Log in to Cooonet Platform and select the 'Withdraw' function in MyWallet. You will need to fill out a short form and submit a request. We will process the transfer-out from your MyWallet within 1 working day. You need to provide us with your personal Ethereum wallet address in order to proceed.

2 If you do not have local Ethereum wallet software like Mist or Parity on your computer, you can use a free web wallet https://myetherwallet.com. We do not recommend using Jaxx until they add full ERC20 support.