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,
I have an account on Coss. Honestly speaking, I didnt like the first impression of the exchange. However, after reading this it is now making a twist and start to look on it again. Especially for FIAT-Crypto Exchange new features and it sounded really cool to me. Hopefully, I can use this and will tell my friends about it for future use. Thanjs @cicbar for bringing our awareness.
You welcome. COSS is developing bit slower than I want but still is going in a right way...
COSS went firmly backwards, be aware of that.
I don’t agree but I respect your opinion because obviously you had bad experience. I didn’t have any problem with COSS.
How long have you been in COSS?
I have bought at 0.52$ two months ago.
Then you definitely missed the bad time. I suggest you check into it a bit before going in too deep. Hopefully it is in the past, but in my experience: a team that has made big mistakes before will make them again.
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That's what grabbed my interest too, @hiroyamagishi. The FIAT multiplier really could be a game changer at least on that particular exchange to bring strong growth.
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
Check 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. ~~~ embed:CossIO/comments/8fby81/celt_coss_exchange_liquidy_token_has_gone_live/?ref=share&ref_source=link reddit metadata:fENvc3NJT3xodHRwczovL3d3dy5yZWRkaXQuY29tL3IvQ29zc0lPL2NvbW1lbnRzLzhmYnk4MS9jZWx0X2Nvc3NfZXhjaGFuZ2VfbGlxdWlkeV90b2tlbl9oYXNfZ29uZV9saXZlLz9yZWY9c2hhcmUmcmVmX3NvdXJjZT1saW5rfA== ~~~
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.
It's a very big investment and very wonderful
It's a wonderful coin you should invest in
Thank you for the great information
You are a really wonderful person
nice information @cicbar, i should buy COSS today.
Thank you for sharing very good post about cryptocurrency. You share very importent tips with us. What you said is absolutely correct. It is a great opportunity for those who like passive income. Because current COSS volume ROI is very low. And there is also oppotunity for refferals income.And it is also centralized as you say your comment. I am thinking about it. Should i join, yes or not..with your refferal link @cicbar.
it seems I am interested in investing in COSS, is its security guaranteed ??
At Crypto, nothing is guaranteed. Until today they didn't have any security problems.
Wow..i'm happy for this
I love investing in passive income exchangers by buying their token, I have never heard of Coss before I will certainly looks into their platform to understand their business philosophy @cicbar
Coss seems to be a good exchange but must keep on growing a little bit faster to survive in this big competition.
seems like their trying to be too much
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STOP@cicbar, how many do you have?
I think that I will follow you on this one. Looks more promising than the OKB token in my opinion. What I do like it that there are only 200 mil tokens.
Well give it a better look, and if I will step in, I will but around 500 of those. Will use your referral ID!
Thx for the info!
Thanks mate. Do you use discord?
Yep, same username as here
And number next to name?
4265
Wow ,as a crypto trader always like to get these kinda token. Earlier binance intriduced their token i liked it but now this COSS is stealing me from binance :). They gonna share profit if we hold that coin , awesome man. Always drwamt of this kinda platform and i am so sure that this platform gonna be the number 1 in coming days. Because this is wat we say practicle use of tokens unlike many crypto's :P and just imagine crypto's value can jump 10x 15x without much practicle use then wat will this coss worth be in coming days :D.
I say its a gem , really nice post really liked it.
Upvote from my side
Hey @cicbar, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)
The lower price of Coss, gives budding investors a bigger opportunity if they want a steady income. The money will come in smaller chunks but it will be consistent. But my concern is how safe is coss?
I have been hearing their name quite frequently. I guess its time to check them out.
Great news... I'm definitely doing my own research on coss token. Thank you
really nice post... it's a wonderful coin. thanks you for share...
Thanks me to:) I like recognizing a new posiblity:)
It's a very important post for us. Thanks for your nice post.
Personally, I it like this ,I have an account on Coss. Honestly speaking, I didnt like the first impression of the exchange. However, after reading this it is now making a twist and start to look on it again. Especially for FIAT-Crypto Exchange new features and it sounded really cool to me. Hopefully, I can use this and will tell my friends about it for future use.
Personally, I it like this ,I have an account on Coss. Honestly speaking, I didnt like the first impression of the exchange. However, after reading this it is now making a twist and start to look on it again.
Thanks for shareing @cicbar
@cicbar, how many do you have?
I think that I will follow you on this one. Looks more promising than the OKB token in my opinion. What I do like it that there are only 200 mil tokens.
Well give it a better look, and if I will step in, I will but around 500 of those.
Thx for the info!
COSS is my second largest holding. It is not developing fast as I would like but I believe in project.
COSS became so defunct and useless that I eventually dumped all my COSS. The exchange went backwards, badly. Now I've heard that they are making a comeback, but once bitten - twice shy. I can not begin to describe to you how hard it was for me to get my money out of COSS. It took ages and I made a huge loss. They messed up before, I'm putting my funds elsewhere.
It feels similar to CryptoBridge whereby you get paid 50% of the exchanges profits paid every biweekly. Do you know if COSS is a decentralized exchange?
No it is not. CryptoBridge is nice but I don't like that you have to lock your coins to get paid.
I have an account on Coss. Honestly speaking, I didnt like the first impression of the exchange. However, after reading this it is now making a twist and start to look on it again. Hopefully, I can use this and will tell my friends about it for future use. Thanks @cicbar for bringing our awareness.
COSS became so defunct and useless that I eventually dumped all my COSS. The exchange went backwards, badly. Now I've heard that they are making a comeback, but once bitten - twice shy. I can not begin to describe to you how hard it was for me to get my money out of COSS. It took ages and I made a huge loss. They messed up before, I'm putting my funds elsewhere.
It's also not true that "There is no other project at moment with similar idea". Mercatox does exactly the same thing. Mercatox aren't great, but they haven't grown backwards. Several others are looking at going that way too - like NEX.
I don’t know how it was before but now everything works fine on COSS. I don’t know any project that share 50% of everything, not just exchange. They will share fee from FIAT, merchants, cards, ICO...
Check out Mercatox, it's a VERY risky buy, but the idea is the same and the platform is very broad. I think that almost everything goes to the token holders. Huge caveat: they haven't paid anything yet. The MERCA token also has the biggest spread and lowest liquidity of any coin or token that I have ever seen. NEX will pay dividends, I just can't remember how much. KuCoin pays small dividends. I used to hold it and COSS together, I actually bought COSS first, but I soon found KuCoin to be giving much better returns and I put a lot more into KuCoin. KuCoin was probably my most successful coin to date.
I'm glad to hear COSS is running well again, but I will stay away for this reason. I suggest you read it and decide for yourself. https://steemit.com/cryptocurrency/@bitbrain/who-do-you-trust
Good luck with your trading!
Kind Regards, Bit Brain.
Thanks 😁
Sure man. Good luck, it's a jungle out there!
The new possibilities are interesting for me, I like your post, thank you for the information.
I'm gonna go check this out ASAP. Sounds like a great project with bright future. Thanks
It is good to be involved in any project from the start, which may be useful later on. I think decentralized platforms have a better future, just an opinion and thanks for sharing information.
Good post @cicbar thanks for sharing your info...
sir its a working post,,i like this
nice post
thank you very much @cicbar
Going to try COSS, but not sure if they can keep giving this high ROI for long. Let's see!
thank you very much @cicbar
good post thank @cicbar
thank you very much for your information
@cicbar
this sounds great thanks for letting us know @cicbar. i wonder have you also heard about wirex doing credit cards for crypto? exciting stuff!!!
Thanks for sharing this, i don't know if i am able to buy, but sure i can join
welcome to FIAT , thanks for sharing