COSS - Crypto One Stop Solution; FIAT is coming
COSS is currently small exchange with low volume, with profit sharing COSS tokens. If you hold COSS tokens, every week you will receive 50% of fees from the exchange. Fee Split Allocation or FSA is given in small pieces of traded tokens. If traded token is not Ethereum based token, then you need to convert that token to ETH to receive FSA.
For investors who like passive income like me, this is nice dough at current COSS volume ROI is very low. There is FSA calculator if you wanna check ROI: https://www.cosscalc.com/
There is few other profit sharing exchanges, some of them with much higher volume and ROI than COSS so why would somebody invest in COSS?
First of all, COSS is looking not to be only the exchange. There is going to be many different things at COSS platform. If they fulfil their promises, they will share profit from all things at COSS platform, not just from the exchange. There is no other project at moment with similar idea. At https://coss.io/ you can see all details about COSS.
There is referral program also and based on the 30-day trading volume in USD, 10% of your referrals volume also count as your volume.
Here is my referral link and if somebody wants to use it I will be very thankful: https://sso.coss.io/api/invite/7PC13CB36P
This is all nice and with this fulfilled I believe future of COSS is bright but at monday, 30.4.2018. game changer for COSS is coming.
FIAT WILL BE IMPLEMENTED!
There will be FIAT deposits and withdrawals and some FIAT trading pairs. There will be also FSA from FIAT in the future and probably will be paid in ETH. COSS is very strictly following Singapur laws and FIAT FSA will be given according to them. Some people see that as bad thing, but for me more regulation is better for investors.
There is not many profit sharing projects with FIAT implemented and this is why I call it a game changer! I am sure that volume at COSS will jump hard with FIAT. Probably that will not happen immediately at Tuesday, but it will happen for sure in the future.
Current price of COSS token is around 0.3$ and it is good opportunity to buy if you see bright future for COSS like me.
This is NOT investment advice and I am NOT investment advisor, this is just my opinion.
If you have any question or opinions about COSS, I will be glad to discuss.
Regards,
Personally, I don't like their UI
New UI is coming soon.
Looks very cool! Thanks for the heads up!!
good info
I just opened an account in Coss. let me try the exchange. thank you for sharing
@cicbar, do you do so much research that you don't have any time left to post on Steemit? Cause it seems you post like 1 time in 3-4 days.
I write article once per week usually during weekend. I am doing many things in my life and there is no time for more articles...
I checked the calc, check some news, well..... to me the irr was low and the market cap is also small... so the only remaining thing would be speculation on the price of the currency itself.
I call this lack of fundamental attraction 🙄 till you brought up the fiat issue; now it's getting interesting. I may invest a small amount which I afford and wait to reconsider the whole thing later again. Thanks for sharing @cicbar
C heck XMR/BTC for short term trade opportunity
Where is COSS based (as in which jurisdiction)? That affects whether they will be able to offer dollar trading or not.
Singapur. There will be USD trading.
Coss is centralized, right?
This seems awesome, thanks for the tip!
Yes it is centralized.
I sure think this is a great investment opportunity, i will sure check out the link via toir referal link. Thanks for sharing @cicbar
Thanks 😀
One way I don't like KYC bc of the fiat but another way I see the point. Not many smaller exchanges want to go KYC. Coss is attempting to get that market. Also saw that they released a CELT - COSS Exchange Liquidy Token which is very interesting. https://www.reddit.com/r/CossIO/comments/8fby81/celt_coss_exchange_liquidy_token_has_gone_live/?ref=share&ref_source=link
Personally I like KYC because that way my investment in COSS look safer. This will be obligated on any centralized exchanges for sure in the future...
more legal ;)
I don't mind about KYC, but having fiat is really interesting, makes things much easier.