Bitcoin Forum

Edit: Updating the thread with information on the exchange and token as many people have asked about it.

COSS exchange is a top cryptocurrrency exchange that offers several trading pairs against the most popular base pairs including Bitcoin, Ethereum, USDT and XRP. The exchange is located in Singapore and has a headquarters you can walk in and greet the employees or question with issues should you face any. The exchange has recently under went a full blown reorganization that has lead to a new CEO taking over the company. Since the reorg the exchange has improved drastically, not only in volume but also in composure and ability to deliver. You can check out the exchange at https://coss.io (https://coss.io)

COS token is the native token of the exchange that pays anyond that holds it daily income!
The token built on Ethereum has a built in DAO (Decentralized Autonomous Organization) that is basically a smart contract to which all the fees earned by the exchange are deposited too. Once these fees are deposited to this contract the contract automatically distributes them to token holders. In short the token pays you a part of the fees the exchange makes daily (To better understand this think about how much money you would make if Binance were to offer even a tiny portion of its fees to you as your income). Note because this is carried out as a DAO, COS token is not classified as a security.


Original Thread
Just want to see what everyone here thinks about the COSS exchange? I'm wondering because new management has taken over and now there seems to be a very positive outlook for the exchange overall. The exchange has undergone a signifcant change in direction under the new leadership. The biggest change being that the new COS token will pay daily in Ethereum and more COS tokens rather then tons of small dust. If you used the exchange before what is your opinion on it and when was the last time you used it?

Thanks for all the replies guys just trying to get an idea around if there is interest around this coin as I see it being one of the biggest boomers (100x or more) in the next alt season.

I think it has gotten a lot better since I last used it. The COS token also has so many utilities it will be competing with Binance's BNB token and KuCoin's KCS tokens. COS only has 7 mil market cap right now so it can easily get 10x - 100x gains in the altseason when it starts! I think this token is a must have in your portfolio.

Also for anyone that hasn't heard yet COSS underwent a merger so you need to manually swap your COSS tokens to COS in order to keep getting your daily income!

coss.io is one of the less popular crypto exchanges and the average coin there is a new coin. I've used it several times, according to my experience this exchange is pretty good. coss.io also has their tokens, but the tokens are less attractive. COSS lost compared to BNB, KCS, even huobi tokens.

Completely agree with you there but I think things in this space turn around relatively quickly. COSS is running under new management now so lets see how much of a turn around they do. With the bull market potentially right around the corner I think it has much more potential for big life changing gains when compared to BNB and KCS.

Yes just takes 1 good news or 1 bad news to turn things around. COSS has had lots of good news lately so I see a big jump coming up soon.

The exchange volume is also slowly picking up so soon the daily payout will increase rapidly

I am owning some COSS tokens since 2017 and it wasn´t my best investment move.
Yeah, you are receiving some passive income but the income depends on trading volume and this volume is decreasing day by day.  :-\

I am holding some coss tokens from ico time i really liked this project but unfortunately exchange volume is still not growing like it was expected that is why dividends are also very low alongwith the price. Now they have announced new partnerships and token merger that may help the exchange with new users and volume lets see.

I think the volume dropped during the big team transition as a lot of internal changes were happening. But it is now picking up almost at 3.5 Million USD already!

See the volume here: https://coinmarketcap.com/exchanges/coss/

I think COS will be the third big token behind Binance and KuCoin shares. In my opinion anyone not getting in COS now is missing out on potential 100x to 1000x gains

Coss is a great project i remember having over 1 eth worth coss tokens from the ico and i still hold most of them, the all time high price was impressive as well, as good things take time to build i will give this project more time to develop and boom.

Agree completely the token has a good chance of going up 10 to 100x because of this new solid leadership. So far they have come in and changed my entire perspective on the project. The token is 3 Cents right now and has a chance of going back to 3 dollars which was its all time high. If you put in 10 dollars now it could be 1000$ or 100 dollars can easily become 10 Thousand dollars if we go back to the all time high!

I was one of the early investor on COSS tokens. They do try to make it all transparent but the total volume of COSS is very little to make it profitable. It is a good investment if you believe COSS exchange would gather much more attention in the future. I still have some tokens their and haven't checked my balance for a long time.

Someone knows about the partnership between COSS and LALA? They completely changed their ARAX wallet and named it as COSS.

Yes the companies combined together in first every cryptocurrency company/token merger. The process went smooth and the swap was one of the best token swaps I've done in comparison to several others. This is why I feel COSS has a bright future ahead.

is that means if the lala token already swapper into the coss token? This is my first time to see that but it looks like i was missing more announcement about that. But then coss exchange still can't attract the investors and traders to use its service and it looks like worthless.

The swap is open for 3 months. So if you hold any LALA token you need to deposit them to the COSS exchange and manually swap them. Also the merger formed almost a new team entirely so hopefully they will be able to attract new traders once this bull run goes mainstream. The token has several more utility now such as daily income, fee reduction and much more that makes it a lot more valuable then it was previously as LALA.

last time I used coss was early 2018 and in 2017 I had the chance to take part in bounty coss. indeed the initial time of coss is not so good because it still has a low volume, but in mid 2018 coss has a pretty decent volume it's just that I just monitor it, for new management it seems good just to be a boomer I'm not sure because there are still more reliable exhange

I will say COSS is an average exchange, although I use it only occasionally.  The last time I used that exchange was for LALA swap to COS. I also like the idea of merging COSS token and LALA to COS given the fact that COS will be universal coin for the exchange and ARAX wallet.  Presently I'm not holding COS anymore but will still look into it. 

Well i am with coss since their ICO till last few month and i sold off my bag

Not saying that Coss is not a good project
But because exchange based related project are kinda tough because we have tons of competitor in the market
However, if you are one who wanted to gamble on the ROI of daily income token
Coss is pretty fine because it is cheap there
It has room to growth tho

I only heard of COSS because of Lala World. I haven't really used it yet for trading but based on the few minutes I spent navigating the exchange, I think it needs some improvements especially its UI.

Yeah i am also a holder and supporter of cos and i personally like the project and i think it is exactly a high potential project that is real, legit and practical and im sure that things will change and it will become one of the best crypto ecosystem online in few more months.

Care to expand on what improvements the UI could use. Their team is actually very responsive so if it needs improvements I'm sure we can let them know and they will make changes rapidly!

And it is better to hold LALA or COSS? What is the swap rate please?
What would happen after 3 monhts? No swap will be avaiable?  ???

It's best to hold COS now, if you have any LALA or COSS you should swap it as soon as possible. If you are looking to buy COS you can exchange it on the COSS exchange now at coss.io.

Rate was 10:1 Lala:COS and 1:1 COSS:COS this was because of price LALA was valued at 10x lower price so ratio was decided based on that price difference.

not very good, I see the COSS tokens and exchange are not very popular. if I am told to choose, maybe I will not choose their tokens. I better buy a huobi token or BNB. this is better because they have a large Exchange. I have never used COSS, but when seen they don't support too many coins. maybe just big coins and some new tokens. and the trading volume is still very small.

Yes but only issue is holding BNB and Huobi won't get you as much a big return as COSS might get you. COSS only has a market cap less than 7 million USD so it can easily do 1000x while BNB and HT might do 2x to 5x long term at a much slower pace.

I agree team looks promising and so far since they have come on board they have delivered everything they have promised. Future looks good!

It might not be popular now but it will be. The main thing is that if you've heard about COSS and many people know about it, it is doing the right thing. Eventually it will get volume and then everyone will start to use it. It's a very well known marketing strategy where good and bad publicity leads to tons of potential customers. This is the reason why if you watch WWE all the heroes eventually become the villain and vice versa. Even bad publicity sells. As long as more and more people keep hearing the name of COSS one day it will be a top exchange battling for the top spot against Binance. And those that get COS tokens now will be surprised how valuable this little gem will become!

Yes I agree. Exchanges come and go, we've seen several exchanges go from the bottom and become top exchanges like Binance and we've seen several top exchanges dissapear such as Cryptopia and MtGox. COSS will one day be a top exchange and their COS token will probably be worth a lot!

Also wanted to point out that COSS volume is starting to grow steadily we have gone up from almost 1 mil volume a day to now 5 mil volume. That means COS token holders will get almost 5x the daily income now. So I expect token price to follow that trend. For everyone worried about volume not being enough, its only a matter of time as the exchange gets more and more visibility it will build up that trust eventually!

The daily income is calculated on the amount of COSS tokens you hold and the daily volume. And that is the daily trading volume and that is the problem, low trading volume makes this coin pretty useless with 0 income.  :-\

Here is a calculation for you: (Using today's payout rate per coss of 0.00000305 USD)

If you hold 10 Thousand COS worth about 350 USD right now then you will earn
0.00000305 * 10 000 = 0.031 cents per day

Since most of this is paid out in COS that means each day you are getting 1 extra COS token so that by the end of the year you will have almost another 365 COS which builds cumulative income. I expect the volume to grow atleast to 10-20 mil by the end of the year so you can double the earning even.

By the end of the year you will be making almost like 12% ROI which is a huge return considering most blue chip stocks pay around 2% ROI in dividends.

And as you acumulate more and more coss your earnings will only increase.

So basically each day volume increases and each day your COS holdings increase the potential income you earn daily goes higher and higher

Not to mention the growth in price of the COS token so even more potential to earn. If you are holding COS at its all time low price right now the only way to go is up!

Actually making a couple cents per day, yeah its not much but its something for a start. Don't have to do any work and getting money daily is a good thing

Its been a long time that I have heard of this exchange again. Normally I only heard an exchange when they list a token that isn't listed anywhere in the world but on their platform. The only token I have if I remember correctly was of the Blockpool project that is listed on COSS. I didn't know there were issues of the management but seeing there is a new one I guess the reason is for new management is to make the platform better.

Yes they are and so far they've already improved the exchange dramatically. I'm using it more than HitBTC already and maybe this will be a new home for all the former cryptopia users as well.

Daily FSA has been increasing significantly over past month! I think the COS coin will be one of the first tokens to 100x in the alt season when/if it happens this year!

COSS is an exchange but it is increasingly being compared to other exchange when not improving to attract investors and traders. I have never used it because I found the volume on it too small to liquidate

Yes liquidity has been bad earlier but now new management is changing that significantly. You can see by going to just the primary BTC/USDT pair or the ETH/BTC pair. Also you will notice that if you hold the COS tokens the daily income is rapidly increasing now!

Today the exchange announced negative maker fees. That means people that bring liquidity to the exchange will actually be paid for the trades they make! This is big news for the exchange and I expect token price to explode!

their UI is really friendly but the problem the volume trading there is very low. i did transfer some token to the exchange but i got problem when try to withdraw , the fee is too high and the price range from buy to sell order is really far.

They've actually reduced fees considerably. When was the last time you traded on there? Also the new management has fixed up several issues and deposits and withdraws are lightning fast now. Even faster than Binance IMO. The price range is tough because of low liqudity, but the exchange has started to focus on BTC/USDT, ETH/USDT and BTC/ETH so those coins are very liquid right now. For the smaller coins they have recently communicated to the teams that they need to provide some liquidity or 0 volume coins will unfortunately be delisted. So hopefully the ownership of these altcoins will bring good liquidity to the COSS exchange starting very soon.

This is the best time to pick up COS tokens because they will probably never be this cheap again in the future!

Sounds interesting, although I prefer HST decision token

Is that an exchange token as well?

Holding COS tokens has the following two major utilities among many others:
- Daily income paid in COS or ETH (cumulative income if you keep accumulating more COS)
- Trading fee reduction on exchange by 25% if you use COS token for fees

This makes COS a token like BNB with the added benefit of earning income of the exchange. Imagine if you earned a little bit of income from binance daily. Would be huge! Don't miss out on opportunity to get in on COS token before it blows up like Binance did. It is only at 0.035 USD right now that is 1000x growth if we go to Binance level of 35$. Basically a 100 investment now could be worth 100,000 if COS blows up like Binance did!

The price went up a lot today, should read the medium. The new management is really making strides in making the exchange a lot better and more liquid. The token price will continue to increase as volume increases. Today we crossed 5 million volume and today daily income was massive as well causing the token price of COS to increase as a result.

I see COS doing 100x if COSS exchange continues to execute like it has!

Yes many people don't know this but COS (Crypto One Stop) token has all the benefits of BNB but also the added benefit of providing daily income to whoever holds the tokens. This is a huge difference and one of the reasons why COS token will blow up in the coming altseason!

Today COSS implemented negative fees and made several bug fixes that makes the exchange even more smoother. Try using it and you will be surprised how far the exchange has come!

HST token is a shittoken that created as a money grabber only and no more. compared with coss and it's nothing rather than shit scam coin that build on binance.
But there was a lot of systems that must be revamped. COSS offers the ability of the security token.

Thanks I was looking at the HST token earlier but won't take a look now. Definitely COS token is better in every way. The exchange has been around for 2 years already which proves they are here to stay and sometime COS will launch to the moon like BNB did.

COSS exchange is quite popular among traders crypto exchange. I have the most positive impressions of working with her. And after the recent merger of COSS and LALA, I think the proceeds from the retention of COS will only increase.

Good to know for people. Don't buy HST token if it is a scam token.

COS token has been around for a long time so it is a good token to buy and hold!

COS is a token that has been around for 2 years and has been consistently paying out dividends. For a company to have survived this long on such little funds shows you how impressive COS truly is.

I tried trading some Bitwatt tokens I'm that exchange and to my greatest surprise, my deposit never reflected in the account, suddenly I started seeing maintainance icon in the bitwatt  deposit section, wrote to support and they replied me after over 6 months with a generic reply that didn't solve my problem, I have vowed to throw a token away rather that try to trade it in Coss exchange.

Contact the new management they are really good (message @satyarth on telegram or reddit). They will get you your funds back as soon as possible.

Here is an example of a trader earning negative fees on COSS exchange. Huge news for the crypto space today!

https://imgur.com/a/Et1HkYr

Volume slowly creeping up, COSS exchange COS token is one of the biggest gainers today!

Negative fees are huge gonna turn the exchange around!

COSS exchange has terrible daily volume and that is why the daily income is so low. I do not know if the situation will be better with upcoming bull market but currently the daily income is not bringing a value to the token.

Actually it has improved quite a bit now all the way up to almost 7% ROI which is 7x more than Kucoin Shares right now.

Yep can confirm huge uptick on FSA and volume happening now because of negative fees. COS is all set for lift off in alt season. Whoever gets in at the bottom at around 3 cents is gonna benefit big time. COSS has a chance to blow up like BNB did based on the current progress.

Project is really good but i see that not all the services of the ecosystem are available yet that were promised during the ico time, secondly i think they lack in marketing side and that is why they do not have huge trading volumes yet, they need to resolve these issues to become great and i think that will take time.

Im not sure about that. Coss team has already made a big mistake when at the early stage of the exchange operation and so many people have a bad experience with this one. That will not happen until the team will try to hear all of complaints that have been made by the users.

Actually it has had a change of team. Rune is no longer CEO. A new team has taken over the exchange which has caused the big turn around. Now instead of just having a development team which COSS had before they have proper teams in place to handle everything. From Marketing team, to Coin research team, to Listed project analysis team, finance team and much more. Which is why big changes have started to happen now. COSS will be a big exchange sooner rather than later.

Yep definitely. The new team is improving the exchange by leaps and bounds.

Market took a hit today but COS token has been holding pretty steady against the fall.

The team has fixed a lot of the mistakes. And initially the team had very little capital to work with. The fact that they are alive after this bear market with a strong working product speaks to the legitimacy of the project. COS is gonna be big.

Yeah looks like the new team that took over has significant more capital and resources to work with in improving COSS.

Yeah and the new team is finally putting pressure on the smaller token companies to at the very minimum provide some order book liquidity by putting some of the tokens they have up for sale. Otherwise many of these small projects were just happy with getting a listing but would not even do the bare minimum of transferring over their tokens to provide liquidity. This is part of the reason we are seeing a big boost on volume. For the past week ROI has been climbing and we are sitting at a good solid 6% now. I expect the token price to jump once we start getting closer to an ROI of 10-20%.

I dont understand what is the difference between DAO and security? In my book if the thingy pays out you part of their income , it is the purest definition of security and regulators in shorter or longer future will consider it as well.

On topic of this exchange, I have used it about year ago and the overall experience was positive.

It looks that their token has not large volume currently and as a speculative asset could be a good one especially if you are researched their management.

Thanks for the information, I have some of these coins in my asset and did not know what I could earn on them. After all, they really have an interesting future.

It is not a good crypto exchange, thanks to the low trading volume there s a big spread between buy and sell price, so everytime you buy or sell, you loose a lot of money.

Coss was really a very great project that I had so much faith in when they were first released into the market, I participated in their project campaign because I could see a bright future which I even bought so much of the coin to add to the one I got through campaign, but I guess they lost it along the line and  I was beginning to wonder if there is still any future left for them again, even though I still believe in them which is why I have still not sold my coin  up till now.

I am so much glad that they are beginning to reorganize their team to become more effective, because coss really had a very good project concept that can make them really fly and be among the top 10 best coins in the market, now that they have a new CEO, let us wait and see how much he can deliver.

This is a liquidity issue and should be differentiated from being a good exchange. The exchange itself is very good, has good security and in case of any issues personally refund the customer out of their pockets. So the new management team is trying to get liquidity to prevent the spread by introducing negative fees last week. This will make a huge difference and allow the exchange to finally get some much needed volume. With an increase in volume the payout will increase and this will help the COS token grow fast.

COSS is one of the best projects I had to work with. Tokens did not bring much income, as there is no decent volume of trade. After the merger, I hope to improve the situation, especially since I also changed LALA to COS.

It is better to hold LALA token or switch to COSS token? What is your opinion?
LALA is good only for inmobile payments while COSS token gives you income from received trading fees. But is there something what I am missing?

You must switch to COS token by end of September. It is required. You have 3 months to change the token. COS token will start paying you income daily as soon as you swap so not sure why you are waiting. Go on COSS exchange and swap your LALA to COS and start getting your daily income.

Difference is that you have to do something manually. For example to get your daily payout you need to go to the exchange and click the distribute function and then pay the transaction fee for the funds to move from the smart contract to your wallet. It is because of this manual work required that COSS is not classified as a security, whereas something like KucoinShares is a security.

Yes so COS is very much like a dividend paying stock but not classified as a security. This is one of the reasons it will be a top 100 coin and go up more than 100x in the next year.

Yep this is why COS is so undervalued at the moment!

Huge jump in volume on the exchange lately, shows the progress the new team is making. The exchange is launching their IEO platform very soon so lots of big upsides to COSS now.

New bi-weekly medium update for today: https://www.reddit.com/r/CossIO/comments/ckm5bd/a_letter_from_coss_ceo_sankalpshangari_to_the/

Very nice and informative medium update! Team making great progress!

I just curious about does lala coin already merged to the coss? And is there news about how i can convert my lala? i remember i have some lala in my wallet and i have not yet checked it though.
But this exchange site got so many complains in the past.

It has improved drastically under new management. You should immediately convert your LALA to COS tokens as you will start receiving daily income for holding COS. Simply send your LALA token over to COSS exchange by depositing to your LALA address there. Once your LALA arrives on COSS exchange then go to the swap section and click swap. You will instantly be credited with new COS token that will then start earning you daily income. You are missing out on a lot of free money for not doing the swap, so make sure you go get your COS tokens as soon as possible for that daily passive dividend income.

Yes marketing could be improved. Seems like the new team and the new management are working hard on this.

They are trying, but still being surprised by list of competitors that we have now, I think coss really needs to do other thing that this exchange that virtually all projects being released into the market are going into now. I know that exchange business is really profitable, but what is the essence of establishing it when you cannot get the volume because of the well-recognized exchanges that people are used to already, so I am not sure that with their exchanges project, coss would be able to do anything much.

When coss was first launched, the reason why I bought the coin was because I could see a different concept then in them that is different from other people’s own, but they could not follow it through and to me, it is already ate because we have more projects now also with more advanced technology.

All things go through their ups and downs. COSS faced a lot of issues due to lack of funding but they have significantly turned around. Just look at the very positive medium update today and you will see why COSS and the COS token will be at new heights in the years to come!

Latest medium update: https://medium.com/coss-official/update-07th-august-2019-c453a8649ba7

Wow that was an amazing medium update. Good things coming for COSS exchange. It is truly starting to feel like they will become a one stop solution for crypto users! Probably the last time we will see such cheap COS tokens.

COSS exchange is about to launch a new FIAT gateway that will be one of the fastest and cheapest ways to convert FIAT to CRYPTO!

If I compare the different years that is 2018 and 2019 in which I traded on Coss, then I will say there have a good improvement. The year 2018 when I tried trading a coin, it took time to drop in that wallet for reasons unknown which made me kept my distance. But yet again, this year i tried again and the experience was good, both deposit and withdrawal; so yes, in my own opinion there have been a considerable improvement which will make them relevant once more.

Firstly, I do not consider that daily payment a sustainable idea. It may be for a period of time and that may just be an incentive to attract investors and also traders who will for see the degree of payment to be made considering the bag of tokens they may want to purchase but then on a second consideration, how many tokens holders can be paid and for what period of time and where is the revenue to be generated from.

The revenue comes directly from the fees that they earn on the exchange. 50% goes to the exchange and 50% goes to all token holders (divided equally based on how many tokens you hold). So it is very sustainable long term as they have already been running these dividends for the past 2 years.

Yearly ROI almost at 8% now with dividends paid out daily. Pretty good point to look into COS if you haven't done so already. Exchange has improved tremendously over the last month with most trading pairs now being liquid enough to allow for most traders to trade here.

Once I used this exchange, even I have a couple of dollars there since 2018, but I did not log in even once this year! Coss looked good to me but later I lost my course because of its token listing system. Most of the token it has is new or not that good. That's why Coss lost its reputation and popularity, once Coss token had great volume, but now, it's too low!

I still have a pending case with COSS exchange, I made a deposit and the deposit never showed in my COSS account,. This was in 2018 and when I wrote to support, after taking a very long time to respond, they still didn't resolve the issue up till today, I would rather throw a token away than trade it in COSS exchange, that's how much I dislike it.

Lol, I have some of their coin anyway and I am waiting for bull run to terminate my deal with them also, because I don't see coss as a serious exchange because they are not new, they have been in existence and majority of those other exchanges that have come after them are doing perfectly well, but I think that their team is actually too weak to drive this project somewhere, they don’t want to move forward and get some real volume on their exchange and without that, there is no way that their token can grow naturally.

I am just waiting for the opportunity of bull run to bring out my investment which it is still painful right now, that I actually invested so much in this childish project that I believed in so much. I wish that it was even possible that I change my coin to bitcoin.

They were good on paper at first but lately, the price has fallen a lot. I still do hold some COS but not like I used to before. I haven't even checked my dividend allocation in a long long time.

They have a new much better team now. They've improved the exchange by leaps and bounds and is a top 50 exchange by liquidity on Coinmarket caps new ranking system. Shows you how many other fake exchanges were out there and that COSS is actually a good one.

Contact the new team they are much better at responding and fixing issues. You can directly message @Satyarth on telegram and he will get back to you asap

Coss is very little exchange and i think it’s not a good liquidity platform. How you comparing it with BNB and KCS token. Coss is one kind of lending ecosystem i don’t think. It’s exchange is very lower volume though it’s not real and this exchange is survived with depend on the two coin specially BTC and ETH otherwise there are no good volume in any single coin. But 200+ coins already listed here and nothing volume.                   

I own COSS token, now COS for about 1 year and I had to say that it was one of the most bad investments what I have ever done.
Thanks to very low volume on this exchange the income is very very bad and thanks to that the value of the coin is close to zero.

There are many exchanges out there with tokens that represent good value, but it depends if this exchange is forming more partnerships, increasing its user base through active marketing and incentives and getting itself into a position to launching good quality IEOs and STOs and if its doing this it may appreciate in value if its trade volume grows

I have seen so many complaints in this forum about the COSS exchange, they have seized some deposits and their support is next to non-existent, just search the platform and you would see some complaints about their work ethics and an exchange without an active support staff is useless, this is why the top exchanges are at the top.

that's why i was feeling curious about why lala was buying the license from the coss exchange site rather than create a new one. It looks like the developer is lack of the profesionalism and skill to maintain the exchange site. The price of coss token is almost zero. That's very bad price for an active exchange site like coss.