Topic: COSS - can it be among TOP 3 exchanges? (Read 217 times)

This is a very valid point. I have come to realize that there is some truth behind "putting money where your mouth is". Therefore, I am starting to increase my positions on BNB and KuCoinShares, since I believe these exchanges keep on succeeding also in the future, and some of the coins on KuCoin have great potential in the long term. However, I am still increasing my position weekly/monthly on COSS also, since I am expecting a pump on the price when the FIAT and the new engine are launched. Until then, I am happy to enjoy the dividends. I think the saddest thing about Coss.io is that most of their coins seem to have absolutely zero hype or interest. I have not seen anyone talking about JET, H2O etc online or actually have any idea what they are. And from the exchange's perspective, the hype and visibility seem to be more important than the fundamentals in crypto markets.

The Information you posted in this thread is really appreciated. After reading all the details noted in this announcement I also be willing to invest because I find it legit since many are already using it.

The best way to see if an exchange token is worth your time is try the exchange itself.
Even if it looks good on paper, its value is directly dependent on the success of the exchange itself.

So, have you tried Coss out yet?
Well, if you haven't, let me tell you a secret:

Coss SUCKS!

It's laggy as hell and deposit/withdraw times take forever even if the blockchain shows tons of confirmations.
The volume on coss isn't that great either.
In fact, most of the volume is because people are buying up coss.
By now, an exchange has to deliver something truly special to catch up to binance or kucoin, and coss just doesnt' have anything.
Yeah, they have plans on their roadmap, but nowadays, just promises aren't enough.

As far as making money off of coss?
Yeah, I guess you can, but it isn't going to be the wundercoin everyone says it will be.

I am also one of the believer in COSS because we are still in early adoption stage and i know that there are 100 Exchanges on the way i still feel that there is room for all of them and if you want to make money immediately you are wrong.This coin is for long term holding

In March/April they will add the possibility of margin trading, pairing fiat with crypto. This is something that gives a lot of volume, and most of all COSS tokens will allow to gain revenue sharing even from fiat fees! This is something i have never seen in an exchange. It could be a top 10 by EOY.

Well it's not only that their volume is very low, but it's mostly from the COSS coin itself. Then again it would be nice to see them succeed, since I like their UI and it would be nice to get some weekly payouts. Unfortunately it's a bit like playing the lottery seeing the performance of the COSS team/platform.

Coss exchange needs so many improvements. A lot of people are complaining about they are all getting stuck to make an order and take the order. That was happening so many times.
It can't for this time. Have you seen how many 24 hours volume trade in coss compared with binance and kucoin? it will be more reasonable for you after you are seeing the latest volume of coss exchange site.

I also hold some COSS-Coins and I like the idea of benefiting from the weekly pay out. At the same time I'm quite worried that they won't deliver/perform mid-term and will fail long-term for one simple reason:

50% of their revenue is redirected to COSS-holders. This is what COSS can't invest for improvements/staff/infrastructure/marketing. Furtheremore, they're trying to tackle multiple fields in the crypto space. Again this sounds awesome, but a lot of resources are needed in order to achieve this. At the same time the competition coinbase/gdax (fiat) and binance (crypto) is already well ahead of them + they can invest more for better serive and/or offer lower fees than COSS. Right now there might be enough money flowing into the crypto world, so this would not matter too much, but in the long run this could be why COSS would not be able to keep up with the competition.

It's like taking 50% of the revenues from Microsoft and telling them at the same time they need to invent an autonomous car software + hardware from scratch. They might be able to do it and get some adoption, but there will always be a competitor with a larger market share and a better product.

That being said I invested a bit, since they might be able to become a midcap exchange, which could still be enough with the growing crypto market.

COSS is one of my biggest bags and I believe in the project. What I like the most is that due to the weekly paid dividends I do not need to care about the value of the token, the overall crypto market cycles nor trying to find the best projects or the right moment to invest in them. Since I believe in the concept of cryptocurrency, I trust that most good coins will increase their value during the next few years, and I think it is difficult to predict which coins will get the best partnerships and will eventually succeed. Therefore, since I receive various cryptocurrencies on weekly basis, I can just relax, and wait at least for a year or two and see my wallet grow bigger and bigger. At some point I might think about taking some of the profits to buy more COSS.

Sure, there are some big questionmarks. I think the whole idea behind COSS is amazing, and the COSS team is highly motivated and quite skillful but they do not seem to be too experienced. I have some doubts whether they can pull off everything they are planning since they have already managed to fail multiple times in easier things such as the testing of the new UI. And when it comes to technology, typically the team behind the project defines whether the project succeeds or not. I keep on hoping that they would get some big names or at least people with a nice track record behind the project.

I have not put too much effort on studying the Asian crypto markets and how they work, but I would guess that the opportunity of buying cryptos with SGD would be quite a big deal for the Asians. Does anyone have any knowledge how the Asians currently trade cryptocurrencies to FIAT? Do they first need to go to EUR or USD or are there exchanges that accepts the most common Asian currencies?

Hello Bitcointalkers,

recently I read a lot about COSS exchange and the coin and I found it very impressive. Nowadays a lot of people are investing in ICOs that have often quite useless tokens or not a working product as well. Team COSS made really good job in last couple of months and their exchange got improved UI, they will bring FIAT currency in March and many other features.

I read this article: https://www.reddit.com/r/CryptoCurrency/comments/7w07mi/my_expectations_for_coss_after_one_week_with_the/

and after that reading I have to say that I will invest some of my ETH into COSS, because I like what these people are doing and their plan is very brave!
Now the COSS coin is only with 46M marketcap, which is very low compared to other coin exchanges like BNB (Binance) or KCS (KuCoin), the ATH price was aroun 2.8 USD, now the price is 0.7 USD.

The dividents that are payed to all token holders each Sunday are 50 % of all fees on exchange and upcoming card purchaces. To receive some significant amounts of COSS tokens through dividents there has to be really high daily trading volume on COSS exchange. Nowadays they got around 1-1.3 M, which is very small amount compared to big players like Binance or KuCoin, on the other hand when the possiblity of FIAT which will come to COSS in March, I expect a big increase in the daily trading volume.
KuCoin offers also dividents through their KuCoin shares (KCS), they are actually also on 50 % now, but that bonus will decline in time to 10 % in several years.
The country of residence of COSS is Singapore that recently stated they will not ban crypto at all.

What are your thoughts? Can COSS become a big player in crypto exchanges like Binance and KuCoin? We have quite a big amount of exchanges right now - Cryptopia is very popular too, newly formed Robin Hood without any fees and Upcoin and NEX are coming in March - can COSS compete or defeat those big players?

I appreciate some small amount of merit if this reading got you some value. Thanks for reading.