Why buy COSS - page 3. | Bitcointalksearch.org

jimmywh

member

Activity: 140

Merit: 22

Quote from: Savik on January 16, 2018, 09:27:59 PM

Quote from: JakeCrypto on January 16, 2018, 10:11:13 AM

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

This should help:

https://www.cosscalc.com

Nice link. Thanks a lot. Shocked

Savik

full member

Activity: 364

Merit: 101

Quote from: JakeCrypto on January 16, 2018, 10:11:13 AM

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

This should help:

https://www.cosscalc.com

Kopi11

newbie

Activity: 20

Merit: 0

I’d try Coss.io

jerry0

full member

Activity: 1750

Merit: 186

What exchange do you guys buy coss from?

JakeCrypto

newbie

Activity: 17

Merit: 0

Quote from: Shpongled on January 16, 2018, 10:20:00 AM

You're almost right but what you need to keep in mind is the following:
Reducing your value
- There are actually more circulating COSS, c.98m, not sure why CMC is stating that figure but we have the number of circulating COSS each week in our dashboard, reducing a bit this number
- Trading fees are degressive according to the amount you're trading, you can find the exact breakdown in their whitepaper

Increasing your value
- Trading fees are paid twice (for the buyer and the seller), so you need to multiply by 2
- Fees will not just depend on the volume: you receive dividends for fees for ICOs, for withdrawals, for fiat deposit in the future...

All sounds reasonable, thanks!

It makes sense that the trading fees are dynamic, 0.2% is worse than other exchanges such as Binance with their 0.05%.

I will keep an eye on the price and buy some when the time is right.

Shpongled

newbie

Activity: 18

Merit: 0

Quote from: JakeCrypto on January 16, 2018, 10:11:13 AM

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

You're almost right but what you need to keep in mind is the following:
Reducing your value
- There are actually more circulating COSS, c.98m, not sure why CMC is stating that figure but we have the number of circulating COSS each week in our dashboard, reducing a bit this number
- Trading fees are degressive according to the amount you're trading, you can find the exact breakdown in their whitepaper

Increasing your value
- Trading fees are paid twice (for the buyer and the seller), so you need to multiply by 2
- Fees will not just depend on the volume: you receive dividends for fees for ICOs, for withdrawals, for fiat deposit in the future...

JakeCrypto

newbie

Activity: 17

Merit: 0

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

batturkey

full member

Activity: 336

Merit: 100

The World’s First Blockchain Core

Quote from: Hardva on January 12, 2018, 09:04:55 PM

Well, a week ago I researched about this cryptocurrency and the price was 0.2 $, now it is 2,118 $. I regret not having bought.
Apart from his arrival at x10, I see that it is a platform, exchanger type, with great aspiration, practice, easy to use, beautiful. But very apart from everything, I do not see any new updates to come, maybe your low $ 138 M marketcap is something tasty to invest.

opinions?

Because of %50 profit share and they wouldnt share less than %50 Kucoin wants to reduce share percentages to %20. And the team behind COSS for sure.

Shpongled

newbie

Activity: 18

Merit: 0

You're missing out on 3 main points:
- Reminder on dividends: they will indefinitely remain at 50% of revenue, while KCS will eventually drop and while BNB/Bibox are only about trading fees
- ICO platform: there has already been 4 ICOs on the platform, and more to come
- Main selling point: fiat is to be implemented in Q1 2018 (€/$ deposits/withdrawals). Kraken is also suffering a lot in terms of UI and still manages to have $500m trading volume on average. At this level, a holder of 10k COSS would make around $500 a week

So lots of room to grow. Key issue seems to be the platform and its usability, leading to the only significant trading volume being done on COSS pairs (c. 80%). A very positive thing with the COSS team is how they're listening to their stakeholders on the Telegram. They've set up yesterday a Trello with c.15 web developers helping them fix their bugs. They are hiring a front end developer next week and a back end developer in the next month or so from my understanding. This is why I'm a long term holder.

SriNr

full member

Activity: 126

Merit: 100

In my own words:

COSS is an exchange which is unique in the fact that the platform shares 50% of revenues with the token holders
Before I move onto the next section, I want to make something very clear... When you read more, it may sound as if I’m negative about COSS. That’s not the truth at all!

Basically, COSS are claiming to have a whole range of unique features. I think that they only have one; the profit-sharing on the exchange.

Well, two actually, because I like the fact that they will also have pre-paid cards in the future. While this isn’t unique necessarily, it is rare enough that I count it as another potentially great feature.

However, there is no date given for when the cards will be developed and released, so there could be many Crypto cards by the time they actually release it

lotfiuser

sr. member

Activity: 1250

Merit: 295

Palestine

ibuy in 0.002 and in 0.0013 now its 0.0009

jimmywh

member

Activity: 140

Merit: 22

Quote from: darknight44 on January 15, 2018, 05:51:38 PM

Kucoin shares is much better than coss

Your contribution to this discussion is stunning. Your writing will inspire young people for generations. Good job sir.

darknight44

newbie

Activity: 38

Merit: 0

Kucoin shares is much better than coss

PPleaseman

full member

Activity: 280

Merit: 100

Hello. Coss looks very good, although i believe the future for exchanges is in decentralized exchanges. But there will be enough room for a lot if things and coss wants to be more than an exchange. Holding on

Cheers

monkfishy

member

Activity: 90

Merit: 10

I think COSS is a promising platform. Their plan to integrate fiat gateways can make it a very valuable investment if they succeed. In addition, they have afaik at least as good of a dividend policy as competing coins.

I believe they've been held back a while because of a quite frankly poor user experience on their exchange, which the new ui will hopefully take care of eventually.

A possible 1 billion coin for sure

allmeat27

member

Activity: 378

Merit: 28

It dropped because the UI rollout yesterday didn't go as smooth as some would have hoped. Since the market is so impatient, they dumped it pretty hard. But the COSS team made it very transparent this is how it would go. It's just a matter of time as they continue to develop the platform that this coin takes off. This is 100% the cheapest you will ever see this coin. Easy 5x by next month as the new engine rolls out

df106

full member

Activity: 195

Merit: 105

Quote from: tradingdisaster on January 15, 2018, 10:09:25 AM

One month ago, COSS was at $0.15, now it is at $1.6 - has COSS (the exchange) now 10x the volume? No, they don't.

If the bull market continues and COSS is able to grow 10x or more, the current price might be good, but what happens if we are in for another 2 years of a bear market? The token might go back to < $1, or the exchange might even go bust.

Personally, I think all exchange tokens are way overvalued right now, including COSS. CEFS seems to me the best of the bunch, because Cryptopia has been around for years, is growing steadily and they are based in New Zealand, not China.

but this exchange has small volumes. for many years there is no progress

kynaz

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Activity: 1078

Merit: 250

http://unidapp.app

Quote from: Mihaylovic on January 15, 2018, 10:21:57 AM

We saw a big fall today. It seems it will take time to recover. But still coss is very cheap comparing with the other exchange tokens.

Actually COSS prices today fell very low and this depends on the mentality of the crowd because the market is showing signs of going down very fast. I think at this point I should consider investing in COSS because I am sure in the next few days the market will recover

Mihaylovic

sr. member

Activity: 910

Merit: 255

We saw a big fall today. It seems it will take time to recover. But still coss is very cheap comparing with the other exchange tokens.

tradingdisaster

full member

Activity: 307

Merit: 100

0xb58D6E68944e195420843fA98c4A3481a5914282

One month ago, COSS was at $0.15, now it is at $1.6 - has COSS (the exchange) now 10x the volume? No, they don't.

If the bull market continues and COSS is able to grow 10x or more, the current price might be good, but what happens if we are in for another 2 years of a bear market? The token might go back to < $1, or the exchange might even go bust.

Personally, I think all exchange tokens are way overvalued right now, including COSS. CEFS seems to me the best of the bunch, because Cryptopia has been around for years, is growing steadily and they are based in New Zealand, not China.

Topic: Why buy COSS - page 3. (Read 1199 times)