Why buy COSS

[allmeat27]

It dropped because the UI rollout yesterday didn't go as smooth as some would have hoped. Since the market is so impatient, they dumped it pretty hard. But the COSS team made it very transparent this is how it would go. It's just a matter of time as they continue to develop the platform that this coin takes off. This is 100% the cheapest you will ever see this coin. Easy 5x by next month as the new engine rolls out

[1714879715]

1714879715

[1714879715]

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[monkfishy]

I think COSS is a promising platform. Their plan to integrate fiat gateways can make it a very valuable investment if they succeed. In addition, they have afaik at least as good of a dividend policy as competing coins.

I believe they've been held back a while because of a quite frankly poor user experience on their exchange, which the new ui will hopefully take care of eventually.

A possible 1 billion coin for sure

[PPleaseman]

Hello. Coss looks very good, although i believe the future for exchanges is in decentralized exchanges. But there will be enough room for a lot if things and coss wants to be more than an exchange. Holding on

Cheers

[darknight44]

Kucoin shares is much better than coss

[jimmywh]

Kucoin shares is much better than coss

Your contribution to this discussion is stunning. Your writing will inspire young people for generations. Good job sir.

[lotfiuser]

ibuy in 0.002 and in 0.0013 now its 0.0009

[SriNr]

In my own words:


COSS is an exchange which is unique in the fact that the platform shares 50% of revenues with the token holders
Before I move onto the next section, I want to make something very clear... When you read more, it may sound as if I’m negative about COSS. That’s not the truth at all!

Basically, COSS are claiming to have a whole range of unique features. I think that they only have one; the profit-sharing on the exchange.

Well, two actually, because I like the fact that they will also have pre-paid cards in the future. While this isn’t unique necessarily, it is rare enough that I count it as another potentially great feature.

However, there is no date given for when the cards will be developed and released, so there could be many Crypto cards by the time they actually release it

[Shpongled]

You're missing out on 3 main points:
- Reminder on dividends: they will indefinitely remain at 50% of revenue, while KCS will eventually drop and while BNB/Bibox are only about trading fees
- ICO platform: there has already been 4 ICOs on the platform, and more to come
- Main selling point: fiat is to be implemented in Q1 2018 (€/$ deposits/withdrawals). Kraken is also suffering a lot in terms of UI and still manages to have $500m trading volume on average. At this level, a holder of 10k COSS would make around $500 a week

So lots of room to grow. Key issue seems to be the platform and its usability, leading to the only significant trading volume being done on COSS pairs (c. 80%). A very positive thing with the COSS team is how they're listening to their stakeholders on the Telegram. They've set up yesterday a Trello with c.15 web developers helping them fix their bugs. They are hiring a front end developer next week and a back end developer in the next month or so from my understanding. This is why I'm a long term holder.

[batturkey]

Well, a week ago I researched about this cryptocurrency and the price was 0.2 $, now it is 2,118 $. I regret not having bought.
Apart from his arrival at x10, I see that it is a platform, exchanger type, with great aspiration, practice, easy to use, beautiful. But very apart from everything, I do not see any new updates to come, maybe your low $ 138 M marketcap is something tasty to invest.

opinions?

Because of %50 profit share and they wouldnt share less than %50 Kucoin wants to reduce share percentages to %20. And the team behind COSS for sure.

[JakeCrypto]

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

[Shpongled]

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

You're almost right but what you need to keep in mind is the following:
Reducing your value
- There are actually more circulating COSS, c.98m, not sure why CMC is stating that figure but we have the number of circulating COSS each week in our dashboard, reducing a bit this number
- Trading fees are degressive according to the amount you're trading, you can find the exact breakdown in their whitepaper

Increasing your value
- Trading fees are paid twice (for the buyer and the seller), so you need to multiply by 2
- Fees will not just depend on the volume: you receive dividends for fees for ICOs, for withdrawals, for fiat deposit in the future...

[JakeCrypto]

You're almost right but what you need to keep in mind is the following:
Reducing your value
- There are actually more circulating COSS, c.98m, not sure why CMC is stating that figure but we have the number of circulating COSS each week in our dashboard, reducing a bit this number
- Trading fees are degressive according to the amount you're trading, you can find the exact breakdown in their whitepaper

Increasing your value
- Trading fees are paid twice (for the buyer and the seller), so you need to multiply by 2
- Fees will not just depend on the volume: you receive dividends for fees for ICOs, for withdrawals, for fiat deposit in the future...

All sounds reasonable, thanks!

It makes sense that the trading fees are dynamic, 0.2% is worse than other exchanges such as Binance with their 0.05%.

I will keep an eye on the price and buy some when the time is right.

[jerry0]

What exchange do you guys buy coss from?

[Kopi11]

I’d try Coss.io

[Savik]

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

This should help:

https://www.cosscalc.com

[jimmywh]

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

This should help:

https://www.cosscalc.com

Nice link. Thanks a lot.

[lotfiuser]

263 coss will mâle me earn 0.07$ MONTHLY IM GONNA BE RICH

[Ciucas]

263 coss will mâle me earn 0.07$ MONTHLY IM GONNA BE RICH

I envy you man 

[zorranco]

I bought at 0.1, so when 2$ I had a 20x in my hands.

But didn't sell near top and now I regret.

New chances will come in the future, fo' sure.

I remember when ppl used to call Coss a scam. Now eeverybody is interested 

[Savik]

I bought at 0.1, so when 2$ I had a 20x in my hands.

But didn't sell near top and now I regret.

New chances will come in the future, fo' sure.

I remember when ppl used to call Coss a scam. Now eeverybody is interested 

This is still the beginning for COSS. Wait til they have the new engine, tighten up the UI, and implement other roadmap milestones.