What is the current price of Cobak Token?
The current price of Cobak Token is $0.198 with a 0.54% change in the last 24 hours.
Supply and ATH/ATL data provided by CoinGecko
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Prices and notionals are USD-equivalent venue units, with USDC collateral. No currency conversion is applied. Notional = venue price × base-asset size. Contract specifications
Derivatives and mapped ecosystem data, with source timings and coverage.
Cobak is a Korean crypto community and information app. It combines discussion boards, price tickers, news, airdrop and token sale listings and a wallet into one mobile product, and it has been one of the more widely used crypto community services in South Korea for years. CBK is its ERC-20 utility token.
CBK is not a blockchain or a protocol token. It is a platform token: earned through activity on Cobak, spent on platform services and membership benefits, and staked for rewards. Almost all of its utility is decided off-chain by the operator, which is the single most important thing to understand about it.
Official sources:
The Cobak service launched in March 2018 and was reportedly founded by Kang Min-seung, who served as its first chief executive. In February 2020 Cobak was acquired by MovieBloc, a blockchain film distribution project connected to the Korean video platform PandoraTV, and leadership changed following that acquisition.
CBK itself came after the acquisition. The whitepaper was published in September 2020, and the token listed simultaneously on Upbit, Coinone and Gate on December 24, 2020, including Korean won markets on the two domestic exchanges. Existing Cobak members received a small airdrop at listing. A revised whitepaper in 2024 expanded the model into a write-to-earn design built around an off-chain point system.
Ownership and leadership have changed since the service launched, and most primary material is published in Korean, so specifics about the current corporate structure should be checked against Cobak's own announcements rather than inferred from English secondary sources.
Activity earns points Users earn CC, an internal point, for contributing to the platform through posting, commenting, sharing and other engagement. Points are stable and off-chain, which insulates day-to-day rewards from token price swings.
Points convert to tokens CC converts to CBK at a published ratio, documented at 1,000 CC to 1 CBK. This is the bridge between the off-chain reward economy and the on-chain token, and it is also a deliberate friction: the conversion rate limits how quickly rewards become sellable supply.
Tokens buy platform benefits CBK is spent on platform services and fees, and used to unlock membership tiers and non-monetary benefits inside the app.
Tokens can be staked Holders can stake CBK for rewards, which is the main sink for tokens that are not spent.
Governance CBK is described as carrying governance weight over platform decisions, though in practice the operator retains control of the product.
CBK is used for:
The contract itself is unusually informative and worth reading before accepting any supply narrative. A live read of the Ethereum contract at 0xd85a6ae55a7f33b0ee113c234d2ee308edeaf7fd in September 2026 returned the name Cobak Token, the symbol CBK, 18 decimals and a total of exactly 100,000,000 CBK.
Three things follow from the deployed bytecode:
The Polygon deployment at 0x4ec203dd0699fac6adaf483cdd2519bc05d2c573 reports the name Cobak Token (PoS). It is a Polygon PoS bridge representation backed by CBK locked on Ethereum, not a second issuance, so the two deployments should not be added together.
Cobak's advantage is distribution rather than technology. It is an established consumer destination in one of the world's most active retail crypto markets, and the token is wired into a product people already open daily. Very few tokens of this size have a real user base that predates the token by years.
The two-layer reward design is also more thoughtful than most. Paying contributors in a stable off-chain point, then gating conversion into the tradable token at a fixed ratio, dampens the usual write-to-earn failure mode where rewards are sold the moment they are issued.
CBK is a standard ERC-20 on Ethereum, so transfers inherit Ethereum's settlement security and the token can be held in any compatible wallet. There is no separate consensus mechanism to evaluate.
What requires evaluation instead is administrative control. The contract has an owner that can pause and unpause transfers, and the deployed code exposes an upgrade entrypoint. The absence of any mint function is genuinely reassuring on dilution, and the absence of a burn function is a real constraint on supply-reduction claims. Beyond the contract, the platform side is a conventional centralized application with conventional application security risks.
Cobak is a useful case study in tokens attached to real consumer products in a specific national market. Its reach inside Korea is genuine and its reward design is more considered than most, but the token is a platform credit rather than a claim on a protocol. Reading the contract makes that distinction concrete in a way marketing material rarely does.
CBK trades primarily on Korean exchanges, with Korean won pairs historically providing most of its liquidity, and it is also available on some international venues and on decentralized venues on Ethereum and Polygon. Availability depends on your jurisdiction, and access to Korean won markets generally requires a verified domestic banking relationship.
CBK has been available on venues including:
Verify the contract address rather than searching by ticker, and confirm which chain you are sending to before any transfer.
Track Cobak Token live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for Cobak Token on CoinRithm before using real money.
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Read the complete paper trading guideThe current price of Cobak Token is $0.198 with a 0.54% change in the last 24 hours.
The daily trading volume is $74,461.90 representing a 37.62% change in the past 24 hours.
The market capitalization of Cobak Token is $19,806,787, ranking #526 globally.
The fully diluted valuation (FDV) of Cobak Token is $19,806,787, calculated assuming the maximum supply of 100,000,000 CBK is in circulation.
Circulating: 100,000,000. Total: 100,000,000. Max: 100,000,000.
In the last 24 hours, Cobak Token traded between a low of $0.197 and a high of $0.2.
CBK/USDTTether USDT0.198 USDT
