 | COSSICO A platform COSS which provides a Payment Gateway/POS for online and offline stores allowing Merchants to accept payments for their services in various cryptocurrencies, and a fully-operational Crypto Exchange. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is COSS
At the time of writing, the COSS platform is in beta, and its primary function is to serve as a cryptocurrency exchange. However, the conceptual model of COSS is not just confined to a cryptocurrency exchange. It also includes the implementation of multiple merchant tools aimed at the massive adoption of cryptocurrencies in the future. We will describe these instruments in the chapters devoted to the company's roadmap and development throughout 2018.
Through its services and merchant tools, COSS (a.k.a. COSS.IO) intends to improve the overall cryptocurrency user experience. COSS aims to build a foundation for a community of cryptocurrency users, companies, startups, traders, customers, and merchants into a viable market, or an ecosystem that will expand with the implementation of new features on COSS.IO. All of the components mentioned above in combination will provide a stable ground for the mass adoption of cryptocurrency.
With insufficient user and merchant adoption of cryptocurrencies, low transaction volumes, and consequently, low market prices, not enough viable solutions have been provided to make cryptocurrencies user-friendly. The path from creating a digital wallet to making actual payments in cryptocurrencies is still inconvenient, cumbersome, and technically challenging. When addressed mindfully, these barriers can be overcome by using a one-stop solution approach. A one-stop solution implies a single venue or platform designed specifically to educate users about the variety of tokens on the market, help individuals make informed choices, and provide multiple possibilities for digital currency use, all in the same place. All cryptocurrencies listed on COSS are subject to examination by us.
The primary focus of the COSS platform at this time is to improve the overall cryptocurrency user experience through its services and features, and above all, its cryptocurrency exchange. COSS approaches usability issues related to virtual currencies in an innovative way, inspired by disruptive technologies and trends such as blockchain, smart contracts, DAOs, token sales, and so on. The platform gathers the most popular services and products associated with cryptocurrency into a single outlet. COSS allows users to deposit, withdraw, buy, sell, and spend cryptocurrency safely, and to take advantage of the additional services that are and will be continuously implemented on COSS.IO to keep up with the fast-paced fintech industry.
WHAT IS COSS?
COSS, or Crypto-One-Stop-Solution, is a platform which encompasses all features of a digital economic system based on cryptocurrency. The COSS platform is made up of core elements such as an e-wallet, a cryptocurrency exchange, and a native token. Additionally, it provides related features and services such as market cap rankings, token listings, and merchant tools (namely, a payment gateway or point of sale), a merchant list, and an early version of a cryptocurrency-friendly marketplace. COSS aims to facilitate the mass adoption of cryptocurrency.
GOALS
The principal purpose of COSS is to offer multiple services associated with the use of cryptocurrency within a single state-of-the-art cryptocurrency platform and exchange. The number of potential features possible to implement on COSS is infinite and will continue growing as the platform evolves. COSS aims to offer its users a seamless experience when accessing the available cryptocurrency services and products within a single interface.
COMPONENTS
COSS aims to develop solutions to the global needs of the cryptocurrency industry in general, and with particular attention to the demands of individual users who intend to manage their assets online. The platform focuses on providing individuals with guidelines for a smooth start in the cryptocurrency world.
The full COSS system comprises multiple interconnected applications that are available to COSS account owners, divided into two main types of users: regular users and admins (company staff).
DetailsPublic sales: Aug 08, 2017 - Sep 06, 2017Token supply: 200,000,000 COSS Hard cap: 11,296,000 USD Raised: 3,200,000 USD LegalBlockchain Platform: EthereumRegistration country: Singapore Office address: 66B, Tras Street, Singapore 079005 Herengracht 420, 1017BZ Amsterdam | Token infoTicker: COSSDividends: 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. Token price in USD: 1 COSS= 0.56 USD Accepted currencies: ETH Token distribution: 25,000,000 COSS Tokens – Fire Swap (pre-ICO) (25% Bonus – 50 ETH minimum buy-in) 130,000,000 COSS Tokens – COSS Token Swap (ICO) (minimum amount is 0.001 ETH) 30,000,000 COSS Tokens – Developers, Staff, Strategic Partners, Operations 10,000,000 COSS Tokens – CAP (COSS Affiliate Program) 5,000,000 COSS Token – Shareholders/Board of Directors/Advisory Board Funds allocation: 50% - IT Development, User Experience, Roadmap Completion 25% - Mergers and Acquisitions 10% - Marketing Plan 10% - Operations 5% - Shareholders, Board of Directors, Advisory Board |
COSS Roadmap
From 2009 and up until recently, using cryptocurrencies has been a lengthy and cumbersome process from the usability perspective. A thought of a universal platform combining all the necessary features in one place: e.g. a wallet supporting multiple cryptocurrencies, an exchange and a marketplace, started crossing the minds of the digital currency users. We thought about it too.
In its early shape, COSS was conceived during MIT Fintech course modules taken by Rune Evensen. In the beginning, the concept seemed rather too obvious, however having done the necessary research Rune realized that no one attempted to create an integral one-stop solution platform for cryptocurrencies before, or at least wasn’t successful in bringing it to life. Feedback, encouragement and support from the course participants convinced Rune to move on with Crypto-One-Stop-Solution.
The first detailed COSS outline on paper.
Team Consolidation and Dev. Start
Whitepaper v1.1
C.O.S.S. Pte. Ltd. Incorporation
COSS was registered in Singapore as a company.
Dev. Server Environment Created
Pre-Marketing to Strategic Partners and Merchants
We started speaking about COSS publicly, promoting it on social and networking events, and
attracting the first partners and merchants on board.
Beta Launch – COSS is Live
The COSS platform saw the light of day for the first time with a fully operational cryptocurrency
exchange, newsfeed, market ranking, e-wallet, APIs, coin listing, proof-of-development and the
first set of merchants’ services.
the COSS Token FIRE SWAP (Pre-ICO)
COSS Token Swap (ICO)
The start of the Token Swap (ICO) campaign for initial token distribution and offering
Token Swap (ICO) ends
Release and trading of the COSS tokens
The Implementation of the new COSS features following the ICO:
COSS is a living project that aims to evolve and develop in the same trajectory as the rapidly-changing Fintech industry. To be able to keep up with the industry trends, throughout 2018 and 2019 we will be looking for:
Project team
Advisors
Social media
MVP
