By the end of the Token Swap a voting mechanism will be set in place allowing COSS token holders to decide which action should be undertaken with the unsold tokens. Note that the final amount of the tokens allocated to Developers, Staff, Strategic Partners, Operations, CAP (COSS Affiliate Program), Shareholders, Board of Directors and Advisory Board will be defined/adjusted upon the end of the Token Swap. COSS token holders can propose their ideas in the #general thread on Slack here: https://join.slack.com/t/cosstokenswap/shared_invite/MjI0MTIyMzEzOTA4LTE1MDIyNDcwOTAtZDhjZmRjZGI2Zg. The COSS platform will continue to exist and develop no matter what the outcome of the Token Swap is. Hmmm, I really liked the decission to let the token-holders vote for what to do with the unsold token, but to re-adjust (probably raise) the allocation for yourself afterwards seems a little fishy to me, except I misunderstood it, then please let me/us know. This decission a day earlier and I probably would wait a little more to invest. That said, I don´t want to send critical comments, but lets think about an other idea, which - for us/investors - could be: "We decided to raise the allocated amount of COSS token by 50% to all investors." (as TenX did days before the ICO) Why? You say 600 COSS/ETH was set when ETH was at 200$ and I understand it is hard to predict the right price for "now in X weeks/months" (so probably you already rose the $/COSS-price in your advantage already to make it safer) That said you were calculating with 200$/600COSS = 0,33 $/COSS Till now the ETH-price rose 50% what makes the COSS and the company-value 50% higher (300$/600COSS = 0,50$/COSS) And in my humble opinion the ETH-price will raise further in the upcoming months, what will make our investment even more expensive, but this is another story all investors should be aware of before... So if you want to attract new contributions and show up as a long-term-focussed project... Buuut we know you are flexible guys, so please consider this or any customer-friendly idea before (or in the same ratio as) raising the allocation for Staff, Partners etc. We will not RAISE the amount to ourselves, we will REDUCE. I like your suggestion on adding extra tokens to all contributors also. We will make that an option for voting aswell. We are open for all suggestions to make it as fair as possible. Well this sounds better... Probably "will be defined/adjusted" just confused me into the wrong direction...looking forward for your decissions |
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By the end of the Token Swap a voting mechanism will be set in place allowing COSS token holders to decide which action should be undertaken with the unsold tokens. Note that the final amount of the tokens allocated to Developers, Staff, Strategic Partners, Operations, CAP (COSS Affiliate Program), Shareholders, Board of Directors and Advisory Board will be defined/adjusted upon the end of the Token Swap. COSS token holders can propose their ideas in the #general thread on Slack here: https://join.slack.com/t/cosstokenswap/shared_invite/MjI0MTIyMzEzOTA4LTE1MDIyNDcwOTAtZDhjZmRjZGI2Zg. The COSS platform will continue to exist and develop no matter what the outcome of the Token Swap is. Hmmm, I really liked the decission to let the token-holders vote for what to do with the unsold token, but to re-adjust (probably raise) the allocation for yourself afterwards seems a little fishy to me, except I misunderstood it, then please let me/us know. This decission a day earlier and I probably would wait a little more to invest. That said, I don´t want to send critical comments, but lets think about an other idea, which - for us/investors - could be: "We decided to raise the allocated amount of COSS token by 50% to all investors." (as TenX did days before the ICO) Why? You say 600 COSS/ETH was set when ETH was at 200$ and I understand it is hard to predict the right price for "now in X weeks/months" (so probably you already rose the $/COSS-price in your advantage already to make it safer) That said you were calculating with 200$/600COSS = 0,33 $/COSS Till now the ETH-price rose 50% what makes the COSS and the company-value 50% higher (300$/600COSS = 0,50$/COSS) And in my humble opinion the ETH-price will raise further in the upcoming months, what will make our investment even more expensive, but this is another story all investors should be aware of before... So if you want to attract new contributions and show up as a long-term-focussed project... Buuut we know you are flexible guys, so please consider this or any customer-friendly idea before (or in the same ratio as) raising the allocation for Staff, Partners etc. |
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COSS MOUs/ROADMAP to be implemented after the token sale.
Here are some of the many agreements made to increase the use-cases on the coss.io platform. Many more in the pipeline.
TaaS – the first tokenized closed-end fund aiming to reduce the risks and technical barriers of investing in the blockchain space. With its profit-sharing smart contract, TaaS has introduced a new business model allowing investors to benefit from the fund’s income stream.
CoinPip – a Singapore-based company that reinvents the way money transfers between businesses are made. CoinPip helps businesses to send money abroad in under 48-hour time avoiding bank or forex charges. On COSS CoinPip is soon to cater B2B remittance.
Attores – a platform that offers Smart Contracts as a Services making it easy for customers to write, submit and execute Smart Contracts on the blockchain. On COSS, Attores will soon implement digital signing of documents and certificates.
Satoshi Citadel Industries (SCI) – a financial technology company building the blockchain ecosystem in the Philippines. SCI designed products such as Remittance, Payment Processing, Investments and Mobile Money, offering its P2P remittance services to COSS customers shortly.
Eva Energy – a subscription-based energy-supply company from Romania dedicated to delivering integrated utilities – electricity and natural gas to industrial and domestic customers since 2012. On COSS.IO Eva Energy is soon to introduce billing for gas and electricity in cryptocurrency.
CardBlue – a Romania-based provider of prepaid MasterCard and the associated services. CardBlue is soon to issue COSS prepaid cards for easy deposit/withdrawal of cryptocurrency, its conversion into cash and to enable payments in physical stores.
Civic – a platform that provides identity theft protection by means of multi-factor authentication, third-party authenticator and a physical hardware token. Civic login is soon to be implemented on COSS.
ICORating – a rating agency that has developed a system helping to analyze ICOs greatly contributing to the growing market behind it. ICO Rating will soon collaborate with COSS to put ICO services to the next level by offering a set of related services.
FundYourSelfNow (FYN) – startup that aims to revolutionize the traditional crowdfunding by catering services that facilitate team-building and project development to help creators fundraise for their projects from scratch. Together with COSS, FYN will transform fundraising.
CoinFirm – a startup that is currently building a foundation for safe adoption and acceptance of the blockchain assets via its various services such as AML, KYC, Compliance, Analytics, Monitoring, etc. Through its collaboration with CoinFirm, COSS will soon introduce the enhanced AML function to its customers.
Digital Developers Fund (DDF) – an investment fund designed to let investors participate in the extraordinary growth of domain names and crypto currencies. DDF’s investment focus concentrates on the domain names, cryptocurrency and reserve funds.
Jetcoin Institute – manages the distribution of the digital fuel, Jetcoin (JET) operating within the sports and the entertainment industries. Very soon the customers of COSS will be able to take advantage of the deals available for the participants of the network behind the Jetcoin Institute.
those are good news, thanks Rune! Do you already have some more details about COSS prepaid cards? (anonymity, fees etc) |
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Hi Lisk-friends... just a question (not sure if it´s the right place)
Aprox. 10 hours ago I did a withdrawal of some LSK (just a small amount first to check if it´s working, of course...) from my Polo-account (and confirmed the following email.
Yet it is still pending... do you know from experience how long it might take in total (or if its normal that Polo-LSK-withdrawal take this time)?
Thanks in advance
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I like the project more and more, just started using Slack due to Coss-activity there and joined the slack-bounty of course...  When there are questions about the project, it seems like (at least 1) COSS-member is online 24/7 Will you add/fill the Slack-section in the Google-Doc-sheet? |
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I like the project more and more, just started using Slack due to Coss-activity there and joined the slack-bounty of course... When there are questions about the project, it seems like (at least 1) COSS-member is online 24/7 |
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"Update: CURRENT STATE
CONTRIBUTED 2,986.948 ETH (746,736.902 USD)
507 participants / 493 members in slack-channel
Actually we still are in the stage with 15% bonus."
edit: quoted numbers from the COSS-website by the time of publishing
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lol, they're asking for about 100,000,000 USD, and they won't even burn the remaining tokens. I was excited about this, but seriously, this is asking way too much. Should've had a much lower cap.
I don't know where you got that number, but that's not true. The Token Sale includes 130M Coss at a rate of 1 ETH=600 COSS, so that would mean a total cap of 216k eth, at current rate that's 67M, the rate was decided when ETH was 200$ so that is why dollar value has increased so much. As to the unsold tokens, this is what happens to them: All the remaining tokens that haven’t been sold after the ICO, will be paced into a vetted/audited Smart Contract serving as the COSS Charity Foundation. COSS currently partners with the biggest Charity Foundation in Romania named “Mereu Aproape” managed by one of the biggest Media Trusts in the country and supports a Malaysian entrepreneur David Wu collecting money to help the children with cancer. The “Mereu Aproape” Foundation and David have registered their accounts on COSS in order to collect charity donations in cryptocurrencies supported on the platform. In the nearest future COSS will contribute to more charities by dropping its unsold Tokens left after the Token Swap. The unsold COSS Tokens will be placed into a Smart Contract Pool, accumulating revenues in various crypto as per the FAIR SHARE program. Every 6 months this wallet will release all the gains to help a specific charity case (or foundation) that will be announced publicly. All the funds will be transparent due to their placement on the Ethereum blockchain, and will be donated to a charity vetted by the Board of Directors of COSS. The Smart Contract Codes and the Audit will be released after the Token Swap. Your token sale isn't going well, 67 Million USD is a lot of money to ask. assume you collect only 20 Million USD (so far you collected less than 1 million), which is still a whole lot of money. It means that charity will get twice as much money from the dividends as all your ICO contributors combined. That's very generous of you, but that's not exactly good news for investors. You should put a cap on how much the will be given to charity, like 1 million COSS maximum. And then burn all other unsold tokens. Only then would it make sense to invest in your company. You have a good thing going on there, make it attractive for people to invest You guys are absolutely right when we look at the numbers that way. We have done some internal discussions and came up with the following proposal: After the token sale is over we will create a voting mechanism, so the investors can vote how much of the unsold should be set aside for charity and how much should be burned. Regardless of how many tokens we raise in the token sale, the platform is and will remain operational. Please note that we already have a working business, that is generating revenue. The scope of the token sale is to grow the platform to manage all the unapproached areas of cryptocurrencies adoption. The result of the token sale will only define the speed and the scale of the platform, not the existence. Close to "perfect" and good to see how flexible/fast in making decisions you are (if it was not prepared already). Thanks and I´m in. |
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Yes I think you need to verify your bittrex account because as I have discovered lately bittrex lowered down it's daily withdrawal rate and I think you need to verify some things so it will be increased instead of the 0.025 minimum daily withdrawal.
Stop with the fake information.You either are blind or a blatant signature poster.If you read the above thread,you could see OP already posted that they managed to create a legacy account without having to submit any document verification,0.025 withdrawal limit is a lie,more like a joke.You don't have to fake the data if you can't find anything else to post for. Not a lie at all, I just have the same problem. "DAILY WITHDRAWAL LIMIT: 0.025 BTC"
Must have been introduced in the past 2 months. So now I have to update myself to Basic-Account what I actually don´t like. Not thinking about bad things, but I don´t want all juristications to get me movements to/from Bittrex if they want to have it... Don´t know about the "legacy account"... somebody? |
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Happy Birthday Stratis!  I just got 3 free Stratis at TheViralExchange for retweeting and liking their tweet. Thank you so much for this!!! How that? I mean is this appliable for anybody? btw: Is this a ref-link? |
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@ColorlessK: many thanks for the detailed answers and I agree, giving the gains from the unsold coins to charity is a good thing.
Anyway I also have to agree with Isaaq, for investors it is no ideal solution, or do I (we) missed something ?
How long will the unsold coins be locked away?
If not "forever": What you intend to do with the unsold coins after the smart contract released them.
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from white paper
Warm wallet:
Warm wallets are stored on a totally separate server that has all the security measures to be
protected: all communication ports except for the blockchain synchronization ones are
blocked, no user has access to the server directly, the wallet's password is encrypted, etc.
Cold wallet:
Cold wallets are stored on air-gapped PCs in the COSS office in Singapore. These computers
have no internet connection, and the transactions from the cold wallets are processed
manually by our financial managers.
The majority of funds is stored in the cold wallets.
can COSS explain please? its not decentralize.
I wonder about the same (beside much lower traffic here on bitcointalk than I would have expected after reading the whitepaper) Is it any possible to answer the question about centralization and what´ll happen to the unsold tokens? Thanks in advance |
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Waves token will disappear soon
Why that? |
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I really like the effort you put into "your idea" but actually it seems like this project is dead before it begun... way to early for an ICO in my humble opinion. Good luck for this and your next project(s) though. Stay strong!
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I just found out the ICO is held in few hours and will read the whitepaper tomorrow, but foremost I am wondering why it´s that silent in bitcointalk?
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I just withdrew my WGR to my Waves-wallet. Yet (after approx. 30 minutes) they did not appear.
Do we know the av. time for this kind of transaction?
Solved, WGR arrived after approx. 40 minutes |
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I just withdrew my WGR to my Waves-wallet. Yet (after approx. 30 minutes) they did not appear.
Do we know the av. time for this kind of transaction?
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how much raise so far?
We raised more than 100000$ in our first day. On our way to the Baby Squid level. There isn´t something like a live-ticker, or?  |
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No, it isn't. NEO will to $1000.
Puuuh, strong number you throw into the ring. What is this "predicition" based on? |
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