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

[magsrevs]

Hi all,

Does anyone have any figures on how COSS stacks up against Kucoin and CryptoBridge in terms of ROI? Thanks!

Read this: https://i.imgur.com/XKjjCbZ.png

Ah, thanks! So, for example, if I were to buy one COSS today at $0.30 and the volume of the COSS exchange stays at a constant $1M, then my return after one year would be $2. Correct?

No, the 2 is the ROI so %. After the calculation of the table you should get $0.006 out of one COSS@$0.30 after a year.

But I see it's off. I got this from the reddit thread...

After my calculation you would have $0.005304/COSS after a year with 1M-2M volume. (my calculation is based on the last payout)

Ok, that makes more sense. So the percentage stated in the table is a little off too? Even using the figures from the table though it seems that CryptoBridge gives a better rate of return. And I think KuCoin is quite a way behind both COSS and BCO (I still need to work this out for myself though).

[Wekkel]

It is all still very new. You do not get a site up and running with immediately $60M daily volume. That takes time and yes, the exchange is currently ‘Beta’. That’s also what is written on the site itself. ‘Beta’. You know?

So little children go to the next McAfee pumped coin and let this coin be handled by the strong hands.

[tebessum]

I wish the project to be a good luck team

[Bitcoin2theEnd]

Anybody have a rough idea when COSS will be out of beta

[cybercash]

Anybody have a rough idea when COSS will be out of beta

Next few days. On the COSS Announcement channel it says: Watch this space for a Holiday Update from COSS by tomorrow evening Singapore time (December 27th)

[Experience111]

Hey guys,

Really interesting in the COSS project but I have a few questions I would love someone knowledgeable about COSS to answer :

1) Why does the platform need its own dedicated token instead of remunerating people in an existing cryptocurrency ?

2) The whitepaper states that '50% of the revenue will be returned to the platform’. What does it mean ? If COSS is aiming to be a DAO, where are the 50% going ?

3) How is it a decentralized platform if there is no option to store the funds locally with control of the private keys ?

Thanks for your help !

An invite to the Slack would also be nice

[Relax941]

Some of the concerns for:

- no volume

- no customer service even now with no people using them

So what is the game plan? I would expect adding new, interesting coins would be the minimum - but they ask almost $40k listing fee

Why would someone pay $40k to exchange with no volume?

- During the holidays, having a lot less trading vol is not a big deal. Still beta, no advertising or marketing.
- Never have any problems yet, so I cannot comment on that

I agree 200,000 COSS ($40k) for listing is too much. One day when a COSS token becomes $1, no one can afford to list with it, and they will take their businesses somewhere else. The cost to list a coin should be pegged to USD. At this stage, 10K USD is more reasonable or may be lower.


I'm still pretty much on board with COSS. 2018 will be a big year for COSS.
A Great value at 25-30 cents for a working, revenue generating crypto, a low risk investment which is rare in crypto











 

[Wekkel]

Hey guys,

[...]

3) How is it a decentralized platform if there is no option to store the funds locally with control of the private keys ?

[...]

You can store your COSS tokens in your MEW wallet and can then activate a smart contract for getting the weekly dividends. The weekly dividends are paid out on the exchange though (if I understand correctly).

[Experience111]

Hey guys,

[...]

3) How is it a decentralized platform if there is no option to store the funds locally with control of the private keys ?

[...]

You can store your COSS tokens in your MEW wallet and can then activate a smart contract for getting the weekly dividends. The weekly dividends are paid out on the exchange though (if I understand correctly).

I'm talking about the ultimate 'one-stop' platform and the funds in other cryptos. The COSS wallet should be separated from the COSS exchange and let users control the private keys much like Bread is doing.

Would you care to address the other points if you know the answers ?

[premium_domainer]

What do you think about coss's payment gateway? Actually, i think their exchange will be a success but i really don't have big hopes about their payment gateway.

[kraterion]

What do you think about coss's payment gateway? Actually, i think their exchange will be a success but i really don't have big hopes about their payment gateway.

Why not? They said that they're going to work with one thing at time, this means that when exchange will be done they will work heavily on the payment gateway

[premium_domainer]

What do you think about coss's payment gateway? Actually, i think their exchange will be a success but i really don't have big hopes about their payment gateway.

Why not? They said that they're going to work with one thing at time, this means that when exchange will be done they will work heavily on the payment gateway

This kind of things is best when they focused one thing. Payment gateways for crypto and crypto exchanges both are hard markets and i believe would ask for all the effort you have.

But of course, they may surprise me.

[alicea]

After OKEx listed DATUM the volume of COSS declined a lot. We need some good news now otherwise the volume will keep going down.

[premium_domainer]

After OKEx listed DATUM the volume of COSS declined a lot. We need some good news now otherwise the volume will keep going down.

They both listed at the same time.

But okex didn't let people to withdraw in first days.

Did trade competition is over? It may have an effect.

[DBerendey]

Can someone tell me is it true that you claim about 7$ per day if 24H volume is ≈ 500k and you have 2000 COSS?

I just found this token and I am thinking about investing in it if it's really so good and gives such profits.. You can write just your claims with amount of your tokens. I will see and decide..

[Gibsbytes]

Can someone tell me is it true that you claim about 7$ per day if 24H volume is ≈ 500k and you have 2000 COSS?

I just found this token and I am thinking about investing in it if it's really so good and gives such profits.. You can write just your claims with amount of your tokens. I will see and decide..

payment is anyway per week, but I am pretty sure it is currently not USD 7 for 2000 COSS per week... Just bought some so I can't tell you. But for me it is a longterm investment.

I am think the profit is at the moment low, but if COSS will grow and have maybe in one year an high daily volume you will be happy to be a part of it...

[Wekkel]

As a rule of thumb, the tokens do about 3% yield annually over the average token price. This is not written in stone.
With 2,000 tokens, that would amount to about $15 annually. Not bad in a zero percent environment.

But with 2,000 tokens, your main interest will be focussed on token price increase. That depends largely on the development of the trading volume at COSS Exchange. If COSS can deliver over time, I can imagine price hitting $10, also taking into account an increase of cryptocurrency prices in general with a factor 5-10.

But it takes hard work from the COSS team, your support by using COSS Exchange and time.

Read the latest update here: https://t.co/qKgWzyuXTN

[DBerendey]

As a rule of thumb, the tokens do about 3% yield annually over the average token price. This is not written in stone.
With 2,000 tokens, that would amount to about $15 annually. Not bad in a zero percent environment.

But with 2,000 tokens, your main interest will be focussed on token price increase. That depends largely on the development of the trading volume at COSS Exchange. If COSS can deliver over time, I can imagine price hitting $10, also taking into account an increase of cryptocurrency prices in general with a factor 5-10.

But it takes hard work from the COSS team, your support by using COSS Exchange and time.

Read the latest update here: https://t.co/qKgWzyuXTN

Thank you for useful information!) Yeap, it seems that it's more profitable to gain from price difference. I'll continue to monitor this token.

[GreatFelix]

As a rule of thumb, the tokens do about 3% yield annually over the average token price. This is not written in stone.
With 2,000 tokens, that would amount to about $15 annually. Not bad in a zero percent environment.

But with 2,000 tokens, your main interest will be focussed on token price increase. That depends largely on the development of the trading volume at COSS Exchange. If COSS can deliver over time, I can imagine price hitting $10, also taking into account an increase of cryptocurrency prices in general with a factor 5-10.

But it takes hard work from the COSS team, your support by using COSS Exchange and time.

Read the latest update here: https://t.co/qKgWzyuXTN

Thank you for useful information!) Yeap, it seems that it's more profitable to gain from price difference. I'll continue to monitor this token.

The question is just where COSS can be and not where COSS is at the moment. The DAT-thing made me smile and put some nice Eth and Dart into my blockfolio due to fee split. The last one was a good week, but only a small look at how it can evolve if the volume sky rocks.

[Relax941]

The question is just where COSS can be and not where COSS is at the moment. The DAT-thing made me smile and put some nice Eth and Dart into my blockfolio due to fee split. The last one was a good week, but only a small look at how it can evolve if the volume sky rocks.

Yep, COSS is one of those you keep and leave it in and check back in 3 months, 6 months or a year. There's no need to check for the price fluctuations daily. Have a life. Enjoy life. Your investment is safe. Then you check back with COSS 3 months from now, you will smile, or laugh, or cry (with joy). My minimum target is Kucoin level in 3 months and Binance level in 1 year.

Thank you the update link: https://t.co/qKgWzyuXTN