Seems like reliable and legit project
It is reliable and legit but other exchanges are stealing the show.
Coss need to come up with something unique
If other exchanges are stealing the show they are doing it with marketing and UX.
Coss already has the uniqueness quality. Its token is cheaper than the others, and it has better legal compliance, and they offer a point of sale service as well.
Its just that people out to make a quick buck also dont have time to do research so they are susceptible to being attracted to marketing and UX.
Money really ought to talk and it will in the long run. Coss has a long way to go before the tokens become more expensive than competitors.
Yeah unique is good but with an exchange I prefer security take the priority with legality a second one. Speaking of legal compliance, I'm kinda curious about the legal status of this project? I posted a question about that a couple times and have received no response from what I've read. But it is BTT so thats not surprising lol
anyways what exactly is the legal status of this project in the USA, like I know with dividends it gets very tricky with the SEC?
Yes, you are completely right on both points.
Im not a member of the COSS team, i just hold a modest amount of COSS tokens and i feel good about it too.
Security is the number one most important thing for coss to succeed. While they have revealed some details on their whitepaper, It is a fact that more explicit details would only have a negative impact on real world security. At this moment COSS is not the juiciest target out there for such attack and by the time they are rocking 100 million plus in revenue i hope they will have invested hardening their defense to the point of overkill.
Compliance with current and future regulation is the second most important thing. The team composition, tone and content of their announcements, and the layman observations i have been able to make indicate to me they understand this. Their jurisdiction is in singapore where the state of fintech legislation appears to be forward thinking. And in
anticipation of the influential United States SEC regulations, business logic related to revenue sharing has been isolated onto the DAO, a decentralized separate entity that exists on the ethereum network. This places the system out of COSS' immediate control and into a regulatory category shared with other decentralized autonomous policy enforcing entities such as the Bitcoin protocol.
I like many things with COSS including security and an active DEV Team who are doing their best and always giving us updates. TODAY also new coins were added, more trading volume is coming and I see also a lot more healthier buy support on the books for COSS which is great and so I can see it slowly going up again and new people coming in to accumulate while COSS is still very cheap.
Thank you qiwoman2. It is a time when all altcoins are suffering and we do our best to keep negative emotions from spreading in our communities.
In time the wise investors will see through the hype and the fud and find the projects like COSS that were built to last.
