What is your opinion on COSS Crypto Exchange and their daily income token COS? - page 2.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

I have never used this exchange since a long time ago. Because there are no tokens that I have to trade there. This exchange was good and I often used it, but as time went by it seemed like not many people knew it.

Yes marketing could be improved. Seems like the new team and the new management are working hard on this.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: CuriousGeorge on August 05, 2019, 11:16:28 PM

I just curious about does lala coin already merged to the coss? And is there news about how i can convert my lala? i remember i have some lala in my wallet and i have not yet checked it though.
But this exchange site got so many complains in the past.

It has improved drastically under new management. You should immediately convert your LALA to COS tokens as you will start receiving daily income for holding COS. Simply send your LALA token over to COSS exchange by depositing to your LALA address there. Once your LALA arrives on COSS exchange then go to the swap section and click swap. You will instantly be credited with new COS token that will then start earning you daily income. You are missing out on a lot of free money for not doing the swap, so make sure you go get your COS tokens as soon as possible for that daily passive dividend income.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

I just curious about does lala coin already merged to the coss? And is there news about how i can convert my lala? i remember i have some lala in my wallet and i have not yet checked it though.
But this exchange site got so many complains in the past.

BlockChainGuy101

newbie

Activity: 37

Merit: 0

Quote from: BestAltcoinHunter on August 01, 2019, 12:43:32 PM

New bi-weekly medium update for today: https://www.reddit.com/r/CossIO/comments/ckm5bd/a_letter_from_coss_ceo_sankalpshangari_to_the/

Very nice and informative medium update! Team making great progress!

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

New bi-weekly medium update for today: https://www.reddit.com/r/CossIO/comments/ckm5bd/a_letter_from_coss_ceo_sankalpshangari_to_the/

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Huge jump in volume on the exchange lately, shows the progress the new team is making. The exchange is launching their IEO platform very soon so lots of big upsides to COSS now.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: BlockChainGuy101 on July 19, 2019, 10:23:10 AM

Yes so COS is very much like a dividend paying stock but not classified as a security. This is one of the reasons it will be a top 100 coin and go up more than 100x in the next year.

Yep this is why COS is so undervalued at the moment!

BlockChainGuy101

newbie

Activity: 37

Merit: 0

Quote from: BestAltcoinHunter on July 18, 2019, 02:18:19 PM

Quote from: mazdafunsun on July 18, 2019, 12:06:14 PM

Quote from: BlockChainGuy101 on June 28, 2019, 11:16:44 AM

COS token
Once these fees are deposited to this contract the contract automatically distributes them to token holders. In short the token pays you a part of the fees the exchange makes daily (To better understand this think about how much money you would make if Binance were to offer even a tiny portion of its fees to you as your income). Note because this is carried out as a DAO, COS token is not classified as a security.

I dont understand what is the difference between DAO and security? In my book if the thingy pays out you part of their income , it is the purest definition of security and regulators in shorter or longer future will consider it as well.

On topic of this exchange, I have used it about year ago and the overall experience was positive.

It looks that their token has not large volume currently and as a speculative asset could be a good one especially if you are researched their management.

Difference is that you have to do something manually. For example to get your daily payout you need to go to the exchange and click the distribute function and then pay the transaction fee for the funds to move from the smart contract to your wallet. It is because of this manual work required that COSS is not classified as a security, whereas something like KucoinShares is a security.

Yes so COS is very much like a dividend paying stock but not classified as a security. This is one of the reasons it will be a top 100 coin and go up more than 100x in the next year.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: mazdafunsun on July 18, 2019, 12:06:14 PM

Quote from: BlockChainGuy101 on June 28, 2019, 11:16:44 AM

COS token
Once these fees are deposited to this contract the contract automatically distributes them to token holders. In short the token pays you a part of the fees the exchange makes daily (To better understand this think about how much money you would make if Binance were to offer even a tiny portion of its fees to you as your income). Note because this is carried out as a DAO, COS token is not classified as a security.

I dont understand what is the difference between DAO and security? In my book if the thingy pays out you part of their income , it is the purest definition of security and regulators in shorter or longer future will consider it as well.

On topic of this exchange, I have used it about year ago and the overall experience was positive.

It looks that their token has not large volume currently and as a speculative asset could be a good one especially if you are researched their management.

Difference is that you have to do something manually. For example to get your daily payout you need to go to the exchange and click the distribute function and then pay the transaction fee for the funds to move from the smart contract to your wallet. It is because of this manual work required that COSS is not classified as a security, whereas something like KucoinShares is a security.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: MikeyVeez on July 18, 2019, 02:15:05 PM

It is better to hold LALA token or switch to COSS token? What is your opinion?
LALA is good only for inmobile payments while COSS token gives you income from received trading fees. But is there something what I am missing?

You must switch to COS token by end of September. It is required. You have 3 months to change the token. COS token will start paying you income daily as soon as you swap so not sure why you are waiting. Go on COSS exchange and swap your LALA to COS and start getting your daily income.

MikeyVeez

full member

Activity: 896

Merit: 102

It is better to hold LALA token or switch to COSS token? What is your opinion?
LALA is good only for inmobile payments while COSS token gives you income from received trading fees. But is there something what I am missing?

Galley

member

Activity: 1274

Merit: 14

COSS is one of the best projects I had to work with. Tokens did not bring much income, as there is no decent volume of trade. After the merger, I hope to improve the situation, especially since I also changed LALA to COS.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: timmmers on July 18, 2019, 01:10:54 PM

It is not a good crypto exchange, thanks to the low trading volume there s a big spread between buy and sell price, so everytime you buy or sell, you loose a lot of money.

This is a liquidity issue and should be differentiated from being a good exchange. The exchange itself is very good, has good security and in case of any issues personally refund the customer out of their pockets. So the new management team is trying to get liquidity to prevent the spread by introducing negative fees last week. This will make a huge difference and allow the exchange to finally get some much needed volume. With an increase in volume the payout will increase and this will help the COS token grow fast.

bitgolden

legendary

Activity: 2926

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: BlockChainGuy101 on July 15, 2019, 08:36:58 PM

The new team is improving the exchange by leaps and bounds.

Coss was really a very great project that I had so much faith in when they were first released into the market, I participated in their project campaign because I could see a bright future which I even bought so much of the coin to add to the one I got through campaign, but I guess they lost it along the line and I was beginning to wonder if there is still any future left for them again, even though I still believe in them which is why I have still not sold my coin up till now.

I am so much glad that they are beginning to reorganize their team to become more effective, because coss really had a very good project concept that can make them really fly and be among the top 10 best coins in the market, now that they have a new CEO, let us wait and see how much he can deliver.

timmmers

sr. member

Activity: 1176

Merit: 265

It is not a good crypto exchange, thanks to the low trading volume there s a big spread between buy and sell price, so everytime you buy or sell, you loose a lot of money.

Fireag

newbie

Activity: 238

Merit: 0

Thanks for the information, I have some of these coins in my asset and did not know what I could earn on them. After all, they really have an interesting future.

mazdafunsun

full member

Activity: 490

Merit: 123

Quote from: BlockChainGuy101 on June 28, 2019, 11:16:44 AM

COS token
Once these fees are deposited to this contract the contract automatically distributes them to token holders. In short the token pays you a part of the fees the exchange makes daily (To better understand this think about how much money you would make if Binance were to offer even a tiny portion of its fees to you as your income). Note because this is carried out as a DAO, COS token is not classified as a security.

I dont understand what is the difference between DAO and security? In my book if the thingy pays out you part of their income , it is the purest definition of security and regulators in shorter or longer future will consider it as well.

On topic of this exchange, I have used it about year ago and the overall experience was positive.

It looks that their token has not large volume currently and as a speculative asset could be a good one especially if you are researched their management.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: BlockChainGuy101 on July 17, 2019, 03:21:07 PM

Quote from: BestAltcoinHunter on July 17, 2019, 10:02:41 AM

The team has fixed a lot of the mistakes. And initially the team had very little capital to work with. The fact that they are alive after this bear market with a strong working product speaks to the legitimacy of the project. COS is gonna be big.

Yeah looks like the new team that took over has significant more capital and resources to work with in improving COSS.

Yeah and the new team is finally putting pressure on the smaller token companies to at the very minimum provide some order book liquidity by putting some of the tokens they have up for sale. Otherwise many of these small projects were just happy with getting a listing but would not even do the bare minimum of transferring over their tokens to provide liquidity. This is part of the reason we are seeing a big boost on volume. For the past week ROI has been climbing and we are sitting at a good solid 6% now. I expect the token price to jump once we start getting closer to an ROI of 10-20%.

BlockChainGuy101

newbie

Activity: 37

Merit: 0

Quote from: BestAltcoinHunter on July 17, 2019, 10:02:41 AM

The team has fixed a lot of the mistakes. And initially the team had very little capital to work with. The fact that they are alive after this bear market with a strong working product speaks to the legitimacy of the project. COS is gonna be big.

Yeah looks like the new team that took over has significant more capital and resources to work with in improving COSS.

BestAltcoinHunter

newbie

Activity: 60

Merit: 0

Quote from: poodle63 on July 15, 2019, 11:49:31 AM

Quote from: BestAltcoinHunter on July 15, 2019, 11:06:19 AM

Quote from: BlockChainGuy101 on July 14, 2019, 02:02:38 PM

Quote from: MikeyVeez on July 14, 2019, 01:16:52 PM

COSS exchange has terrible daily volume and that is why the daily income is so low. I do not know if the situation will be better with upcoming bull market but currently the daily income is not bringing a value to the token.

Actually it has improved quite a bit now all the way up to almost 7% ROI which is 7x more than Kucoin Shares right now.

Yep can confirm huge uptick on FSA and volume happening now because of negative fees. COS is all set for lift off in alt season. Whoever gets in at the bottom at around 3 cents is gonna benefit big time. COSS has a chance to blow up like BNB did based on the current progress.

Im not sure about that. Coss team has already made a big mistake when at the early stage of the exchange operation and so many people have a bad experience with this one. That will not happen until the team will try to hear all of complaints that have been made by the users.

The team has fixed a lot of the mistakes. And initially the team had very little capital to work with. The fact that they are alive after this bear market with a strong working product speaks to the legitimacy of the project. COS is gonna be big.

Topic: What is your opinion on COSS Crypto Exchange and their daily income token COS? - page 2. (Read 6533 times)