Hi everyone,

COSS is looking great today, price has been increasing steadily and is now above 20 cents. The trading contest on DAT is a succes, it's now the second most traded coin on the exchange and daily volume is above 1 million USD as a result.

In past articles we've looked at how much money the fee split is worth in USD and since overall volume is up, there's no doubt this value will increase again this week.

Let's now ask ourselves another question, does this uptrend means we'll get more COSS coins in the fee split ?

The number of COSS you get in the fee split is important because getting more COSS coins means you'll increase your share of the total supply and will get a bigger fee split next time.

To answer this question, I've used the price per COSS and the daily trading volume across all platforms from coinmarketcap. By dividing the volume by the price of a COSS we can get a pretty good estimate of the number of COSS that were exchanged on that day.

Here are the charts for the past month :

I've added a gray vertical bar on the charts to hightlight three dates in particular :

Date	Price (USD)	Volume (USD)	Millions of COSS exchanged
Dec 3	0.075	615 797	8.2
Dec 9	0.105	178 345	1.7
Dec 11	0.127	647 166	5.1

• On Dec 3, there's been a big surge in volume but price is still low at less than 8 cents. More than 8 millions COSS are traded.
• On Dec 9, price has risen to 10 cents but volume has been divided by more than 3. Only 1.7 millions COSS tokens are traded.
• On Dec 11, price is now above 12 cents and volume is back to the level of Dec 3. Around 5 millions COSS are traded.

We can see that a rise in price or a rise in volume does not equate a rise in the number of coins traded. Comparing Dec 3 and Dec 11, we see that the price and the volume have increased but the number of COSS traded decreased.

It makes sense if you think of Bitcoin. When its price was 1 USD, a daily volume of 1 million USD was 1 million BTC. Today the same volume of 1 million is only 50 BTC.

So if volume goes up but the price goes up by a bigger percentage you'll see the number of COSS in the fee split drop. On the contrary, if the price goes down but volume stays the same, you will actually get more COSS in the next fee split !

The COSS team has confirmed on the Slack channel that they plan to add more COSS trading pairs (today only COSS/BTC and COSS/ETH are available). When they do that we'll see an increase in volume and will certainly get more COSS in the fee split (remember, only if there is no big increase in price !).

But looking at the order history on coss.io right now, more than 90% of the recent transactions are Buy orders so it seems like no one is ready to sell their COSS !

I hope this all makes sense, I'll update on Wednesday or Thursday with an analysis of the next fee split.

More info on COSS

Check out the following links for more info on COSS :

• Official page coss.io (checkout the FAQ)
• Coinmarketcap page for COSS coin
• Coinmarketcap page for COSS exchange
• Slack Channel
• Telegram channels for discussions (https://t.me/myCOSS and announcements (https://t.me/COSSchat )
• Subreddit /r/CossIO/
• For french speakers, Coss topic on JVC forum