Coss — Crypto One Stop Solution.

At the time of writing this, Bitcoin’s hardfork, bitcoin gold is looming. All alt-coins drop as everyone pumps into bitcoin to get more ‘free coins’. But should you always follow the market?

COSS was launched late september, I’ve been watching since the beginning of October, it’s price sat at $0.16, #324 on marketcap. It’s volume, however was in the millions, which made it deserving of a closer look.

Why hold any?



All fees that COSS charge get split 50/50 between holders and developers. That is trading fees (from the exchange) and merchant fees (e.g. EVA Energy). Whether this 50/50 split is smart marketing or just a ponzie scheme seems to be the biggest hurdle facing the crypto at the moment. If/when that news hits our ears, there could be some serious fomo.

So what’s going for it?

Exchanges are a thriving business at the moment. Trading volume has been touching $2,000,000 a day, although a lot of that is at the moment, investors. The first split allocation holders received revealed a small amount of other currencies being traded. The exchange works, (mostly, with some glitches) it’s important to remember that it’s in BETA though. First use it was fast too, (it is slower now) – a surge of interest in the coin dragged the exchange to a halt a couple of times recently. So they have some scaling to do. I see what they are doing with the UI, it’s clean and simple – which is important for capturing the newer crypto audience – similar to coinbase’s approach. It has around 35 coins availabe, however, the reddit page makes reference to the fact that they have a list of new coins to add but are prioritizing the issue of paying the 50/50 split effectively first. It is also rumored there that COSS will be quick to list new coins as they hit the market. Something that more established exchanges have started shying away from but at the same time they are losing users, because, well, we all want the newest coin before everyone else gets their hands on it. I was left feeling pretty excited for this project.

COSS doesn’t rely on the success of any particular coin. It aims to capture the trade of these currencies, and that is, undeniably on the rise.

A good buying price?

It hovers from $0.16 – $0.22, so anywhere between those values. But unless you’re trading, I wouldn’t worry about timing your buy. In my opinion, this coin is worth $2-3 already. It’s daily volume appears to be doubling each day. I’ve started tracking the growth. Assuming a few months of growth and ironing out of the UI kinks on the exchange we’ll see an easy $7-8 coin in the short to mid-term.

Proof of development?

This crypto is backed by working products, the exchange and the payment gateway for businesses to accept payments via crypto. It aimed to capture those familiar with blockchain and those new. I have witnessed active, helpful and informative slack group (though avoid the slack group of late. I see the same names switching their stances on the project, daily. Traders spreading panic when they need back in and confidence when they want to sell.) COSS does have one of the most helpful and positive reddit communities i’ve seen in a while, akin to the vertcoin reddit. Don’t expect the developers to hold you hand on this one though. Under-promise, over-deliver seems to be the motto there.

I have been keeping track of some of the developments here.

Any doubts?

The community’s biggest doubt was whether the COSS team would be able to deliver the splits to holders, they have since demonstrated that these calculations can be done and that has lifted a lot of the fear that surrounded this crypto. However, just because the balances appeared in our dashboards, doesn’t mean that we were paid. Alll week new threads have appeared asking when the funds will make it to our wallets. This, it seems is the next challenge for the developers.

Ok, I bought…now what?

Try everything you can not to watch the price, especially during the first month of your investment. Prices are unsteady for all smallcaps while bitcoin prepares for a fork. You may well see price rise rapidly and fall, only to rise again. Rapid movements are normal during such early days – it becomes difficult to not act emotionally if you watch it. Check your COSS account once a week for the payouts. Follow the COSS reddit and share your thoughts or ideas for improvements.

A little bonus for you if you keep all your COSS on the exchange or in a fully-setup MEW wallet, is that all the trader speculation and trading activity will boost your holdings in COSS due to the revenue split you’ll recieve each week.

My predictions, short term

So far, the developers have delivered an almost fully working project. As the glitches get ironed out and the 50/50 split solution is solidified, confidence will grow. For now, holders can still stack up coins from everything traded on the exchange, as long as they trust that the team will pay them. Either way word gets out each and every split payout. More come. Price fluctuates further as new hands take interest and early adopters reduce their perceived risk by taking some early profits. ‘Sensible’ investors can simply hold steady.

Anti FUD

There are a lot of “high value” coins out there with no working product. COSS has a clean working exchange (in BETA) and an active merchant system in place which holders also benefit from. Do further research yourself. Make your own choices. Sleep better.

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