[ANN][ICO]COSS Token Swap ICO is LIVE

[ColorlessK]

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.

[Scheede]

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.

[Isaaq.Almaguer]

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.

I like this idea actually, just distribute all the unsold tokens among the investors proportionally. This will solve both problems, the unsold tokens problem and the inflated share for the devs.

[coss-rune]

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.

[Scheede]

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

[aidit45@gmail.com]

joined signature campaign

[ColorlessK]

Take a look at the MOU's that COSS has signed so far: https://www.facebook.com/cosscrypto/posts/1720300711609053

[coss-rune]

Working progress. The COSS App. See the DEMO version here. Estimated to be launched later this month:   https://www.youtube.com/watch?v=Dohp0DiIqZI&feature=youtu.be

[asdfuyk]

I want join the  chinese translation of whitepaper,if you need,PM me

[shade_wrath]

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.

This is a great decision by Coss team by giving investors chance to provide their view and how they would like to go ahead with unsold tokens. There are multiple options like:
1. Burning Tokens: Will increase the base price of token in short term but long term depends on the growth of COSS.
2. ICO Phase 2: This will only release initial batch of sold tokens in market without impacting the price of the coin. Eventually once the market is more aware of COSS and have built some trust then you can ICO second phase in which you will sell all unsold token from phase one with a higher base price thus giving more stability to project in long term.
3. Equal distribution among existing investors: As intial investors already showed faith in COSS and participated in ICO to support the project, the unsold coins can be distributed among all the participants as part of goodwill gesture. Thus providing some comfort against the rising price of ETH  at end of ICO compared to price at start.

[andresmarulanda]

It is a very interesting project, I hope that all the goals are achieved.

[coss-rune]

Current status:

CONTRIBUTED
3,366.089 ETH  1,046,988.336 USD

PARTICIPANTS
 735 participants

[Drunkducker]

I know the exchange is in beta are there plans for a moblie site and i dont see an area to request coins to be listed. I would like to see icn listed. The vote idea is awsome i would like to see 12.5% go to charity and the rest unsold brunt.

[kynaz]

Current status:

CONTRIBUTED
3,366.089 ETH  1,046,988.336 USD

PARTICIPANTS
 735 participants

Congratulations to the great efforts of the project for reaching over $ 1 million, which will make investors reassured about the profitability and hope you will soon be updating more news on the project. Especially the exchange can apply this altcoin

[rz20]

Current status:

CONTRIBUTED
3,366.089 ETH  1,046,988.336 USD

PARTICIPANTS
 735 participants

Congratulation on successfully crossing 1M mark.. btw do you guys have any minimum cap set if yes then what it is?

[coss-rune]

Current status:

CONTRIBUTED
3,366.089 ETH  1,046,988.336 USD

PARTICIPANTS
 735 participants

Congratulation on successfully crossing 1M mark.. btw do you guys have any minimum cap set if yes then what it is?

Hi, No we dont have a minimum. The project will be build regardless. However, the success (or lack thereof) of the token sale will define the speed and the scale.

[andresmarulanda]

What do you say about this?

https://www.blogpays.com/2017/08/08/scam-alert-coss-io-ico-crowdsale/

[Isaaq.Almaguer]

What do you say about this?

https://www.blogpays.com/2017/08/08/scam-alert-coss-io-ico-crowdsale/

oh crap!! there goes my investment :SSSS

[dancearnau]

They faked our entire Token Swap, copying the white paper and the entire concept.

You can read more about this in the following articles:

https://medium.com/hellogold/scams-getting-worse-67e57ce7b6d6
https://medium.com/@Dave_Appleton/more-on-the-bitsdigit-scam-f598529a3021

[Isaaq.Almaguer]

They faked our entire Token Swap, copying the white paper and the entire concept.

You can read more about this in the following articles:

https://medium.com/hellogold/scams-getting-worse-67e57ce7b6d6
https://medium.com/@Dave_Appleton/more-on-the-bitsdigit-scam-f598529a3021

I don't understand, both ICOs attacking each other, which one's the scam?