Token Swap (ICO) Details
The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum Blockchain as an ERC20 Token, that enables owners to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.
The COSS token holders receive revenues to their wallets on a weekly basis. Currently, the revenue share is generated from the transaction fees when payments in Bitcoin, Ether, and other cryptocurrencies supported by COSS are sent via the Payment Gateway/POS and/or through the Crypto Exchange. In the nearest future, COSS will adopt other revenue generating Features.
Payout Structure According to the company's bylaws, each week 50% of the transaction fees collected by COSS through the Payment Gateway/POS and the Crypto Exchange, will be distributed to the COSS token holders. Symbol COSS Total supply 200,000,000 COSS Tokens (Two Hundred Million COSS Tokens) Exchange Rate 1ETH = 600 COSS Tokens COSS Tokens Allocation PlanMaximum Supply – 200,000,000 COSS Tokens (200 mil)
**COSS Tokens allocated to the Advisory Board will be locked for 90 days.
*** COSS tokens allocated to Developers, Staff, Strategic Partners, Shareholders and Board of Directors will be locked for 180 days.
COSS Token Swap (ICO) – Funds Distribution PlanAll ETH from the Main Token Swap (ICO) that begins on August 8th , 2017 will go into a Multi-Sig Wallet with 3 Signatories.
The Release Procedure from the Escrowed ETH Wallet will take place annually based on the approved budgeting presented by the COSS Management:
34% - 2018 Budget
33% - 2019 Budget
33% - 2020 Budget
- 支付网关
- 加密交换
- Cryptocurrency列表
- 商家列表
- 发展证明
- 商家平台
验证 0%
注意。未经证实的成员实际上可能不是团队成员
Opportunities:
The project has been in development since last year and it already has a working product.
Both segments of the project, cryptocurrency exchange and payment processing, are large and growing quickly. If COSS succeeds in becoming one of the leaders in either space, token values should appreciate substantially.
The utility of token is straightforward – the more transaction fees COSS generates, the more valuable tokens are.
Concerns:
I feel like COSS is trying to do too many things at the same time. On the white paper, they are working on “cryptocurrency exchange, newsfeed, market ranking, e-wallet, coin listing, cryptocurrency payment.”
Personally I would like to see the team focusing on one thing at a time, at least in the beginning.
COSS will have a difficult time reaching the hard cap of 216,667 ETH, given the relatively lack of awareness and current market environment.
COSS’ offerings are not better than those of competitors. If I were a user, I’m not sure if I would switch to COSS from other more established companies.
The team said that their differentiation comes from “bundling and the attempt to create a one-stop solution that is the main feature in itself.” However, there aren’t much synergies between the two segments – crypto exchange and payment processing. The target users are quite different.
The money that they raised may be used to acquire other companies. Current startup valuation, especially in the blockchain space, tend to be very rich and COSS may overpay for such acquisitions.
Conclusion:
Overall, I dislike the ICO for its short-term potential and am neutral about its long-term potential. Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Not good because 1) it is unlikely that the project is able to reach its hard cap, 2) the token distribution date of September 20 is fairly far out.
For long-term holding:
Neutral. On one hand, COSS already has a working product, but on the other hand, the project seems to have a lack of focus as it is trying to do everything at the same time. The two segments, crypto exchange and payment gateway, don’t seem to have much synergies so there aren’t much benefits to provide this “one-stop-solution”.
COSS is designed as a one stop shop for the cryptocurrency community. Today, the platform consists of two core products, including a currency exchange and a payment platform for merchants. It’s still in the early stages of growth, as 150 merchants have signed up and 1000 users are using the platform. The company also offers a unique revenue-generating token where users are paid 50% of the transaction fees gathered by the platform on a weekly basis.
此优惠仅基于要约人提供的信息及其他公开信息。令牌销售或交换活动与ICO持有人完全无关,ICO持有人不参与(包括任何技术支持或促销)。仅显示ICO持有人无关的人员列出的令牌销售仅用于帮助客户跟踪总体令牌部门内发生的活动。这些信息并不意味着相当于您应该依赖的建议。在采取或不采取任何行动之前,您必须获得专业或专家的建议或进行自己的尽职调查。贡献者就收购令牌所订立的任何条款及条件属于其之间,而令牌及ICO持有人的发行人并非该等令牌的卖方。对于任何代币销售而言,ICOholder对第三方所作的任何陈述不承担任何法律责任,并且还必须直接针对此处列出的代币发行实体提出任何违反合同的请求。
如果您有任何疑问关于此令牌销售的性质,合法性或合法性或相关人员,请联系info@icoholder.com,了解有关您的疑虑的详细信息。