COSS officially added to Ethereum Alliance
Big news for Crypto One Stop Solution (COSS) as they have been officially added on to the Enterprise Ethereum Alliance (EEA). The EEA's goal is to create a clear road map of enterprise features and requirements for Ethereum and it's ecosystem. It also does research to see how they can use Ethereum to leverage it against industry specific use cases.
This is major news for such a small cap crypto that just had it's Initial Coin Offering (ICO). It's Market Cap as of writing this is just above three million dollars. Which is tiny, so I wouldn't be shocked to see this go to a $20 million dollar market cap in the near future as it gains more attention.
It didn't have much marketing for it's ICO and upon hitting exchanges it had a market cap of roughly around $950,000. It quickly grew up to above $6 million but has pass shrank back down as people dumped their coins from the ICO. Which was roughly a 600% gain after a week on the market for ICO investors.
ICO Train
For the most part I've sat on the sidelines while watching the ICO train run all summer, and passed up many ICOs that "Ten Xed" or more. There were so many ICOs at the time, I watched and looked over them. I even wrote in my notepad to allocate some capital towards upcoming ICOs.
Though end of June and early July were a tough time in the crypto markets. We saw Bitcoin and Ethereum hit their lows of $1,846 and $134 per Coin Market Cap data. I did enjoy buying into some alts everytime the price went lower. Our friend Warren Buffet reminds us:
"Be fearful while others are greedy, and be greedy while others are fearful."
That sentence works in crypto too, buy while others are fearful. Those who bought Ethereum and Bitcoin at their lows in mid-July saw roughly 190% and 270% gains when the cryptocurrency market cap went from $60 billion to $178 billion from July 17th to September 1st.
Let that sink in for a second... the cryptocurrency Market Cap nearly tripled in 45 days. This could be just the beginning of an incredible run I forsee once Fiat to crypto gets easier. Cryptocurrency is definitely in a bubble, as there are many inflated coins, but this is necessary. With every new era of technology there is a 'boom & bust cylcle'.
This is the sole ICO I have entered. I came across it when I heard it got a very good rating for quality team and concept that had a working product, the COSS exchange and merchant place itself. I did my further research, and I was sold on the product. It raised very little money, which I believe possibly had to do with the lack of hype and marketing. I didn't see them on the Coin Market Cap banner. I only stumbled upon them by reading an article on how it was the best ICO rating ever at the time due to its product being ready and having a solid team and plan.
The idea itself, Crypto One Stop Solution stuck with me. It is the biggest issue facing cryptocurrency right now. It is not easy to buy crypto if you are not tech savvy. Many ICOs target the 1% of cryptocurrency users. COSS did this, but their focus was to simplify the process of getting crypto and using it, by putting it in one area.
Revenue Sharing
A unique feature of COSS is that the amount of COSS tokens you hold in your COSS wallet in My Ether Wallet or the wallet on the COSS exchange gives you a percentage of the 50/50 fee revenue split the developers do. So not only do you get COSS tokens in return, you get BTC, LTC, ETH, and other tokens that add up from exchange fees on a weekly basis. The fees are generated from three areas: withdrawl, exchange transaction, and payment gateway fees.
I would say their exchange is decent, it lacks a good trading chart yet, otherwise it set up well.
COSS currently has merchants, and a majority are located in Turkey and South Korea. They currently have 214 merchants listed on their website, and below is their featured merchants.
The future is looking bright for COSS from a platform and investment perspective. It's product has simplified the process to crypto, they really just need an easy to use app, and they would see much more growth. From an investment standpoint, it's market cap is tiny, being currently around three million dollars. Any traction and this will generate great returns for the ICO investors.
This is definitely a coin to keep your eye on. It is currently listed on HitBTC, EtherDelta, and the COSS exchange itself. It has trading pairs of COSS/ETH and COSS/BTC.
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Disclaimer:
This author currently has a stake in COSS.
This is not investment advice, always do your own research. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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STOP
I think KuCoin is better then Coss 🚀 🚀 🚀
Daily reward distribution / Trading Fee Discount / Invitation Bonus
https://www.kucoin.com/#/?r=E3bNRN