August & Rest of 2019

August is on track as well for deliverables that we set for ourselves. Some highlights that we are working on are detailed below. The remainder of 2019 is going to be a defining period for all of us. We are well aware that we need to continue to make amazing progress with the best user experience. We need to continue investing in scalability, flexibility, security, and our ability to learn incredibly fast.

We will still be a startup but a slightly more mature one. We will need to grow the team, learn how to get more organised while staying focused, dedicated, hungry, and nimble. It will require great leadership, brilliant execution, and a can-do attitude. It will be hard, but we know how to do it, and I am hopeful we will do great.

Now, as we move forward and start planning for the months ahead, here are some critical points that will help us with our mission:

Keep things simple Clarity of short term and long term objectives, which we shall share with you in time. For now, our short term objective is to make a secure and smooth running exchange in the next few months, increase volumes, bring in more users and increase the FSA for everyone Community first, COS HODLers first. Every product, every design, every new and old feature has to be thought through in a way which focuses on Users and their journey within the ecosystem Safety & Security is paramount and has to be as secure as humanly possible Customer data will never be sold or compromised

We are on track for August to complete more of what we have planned in July. Some of what we do aren’t visible. For example, backend fixes and stability measures aren’t really ‘sexy’, newsworthy things to shout about, but they are critical initiatives that have to be done. Priorities are already set for what has to be done. Let me give you an outline on what to expect in August:

Simplified FSA and fee structures. Making the decision to alter one of our unique features was not an easy one. But this was based upon feedback from the community, as well as our desire to simplify and give you a more value-added experience in being part of our ecosystem. When you receive a greater quantity of a reduced number of cryptocurrencies, you can make better decisions on how to make use of your FSA.

The fee structure naturally has to go hand in hand with the changes to the FSA. Such a change will streamline the number of quote pairs, helping to declutter the system. One more piece of the complete picture in becoming a better COSS ecosystem for all. This includes less quote pairs, simple fees, less overall pairs, FSA in ETH and COS, etc. we shall announce all details closer to launch.

Blockchain upgrades are almost done. We have re-established our BCH node just as I finish writing this. Horizen will be up next. Other nodes, including new blockchains are also in the pipeline. Upgraded nodes and new blockchains mean new tokens for you to trade with. New traders will come, and that will be a boost for our liquidity and volume.

Liquidity Programs: Speaking of liquidity, I’d like to just put in a quick word about this topic. We are carefully planning some new programmes to build up liquidity on our exchange. We shall announce this and implement this in August starting with campaigns but the actual programme will start in September. This is something I’m personally very excited about, and we will get the details out to you as soon as we can finalise arrangements.

Fiat to Crypto: We are in the final stages of agreements with two solutions. Technical and legal documentation has been studied and we finalised. Technical integrations between both teams will start in August. While this is a priority task for us, we are also dependent on the other side to provide technical and other help. We intend to complete this in August but could spill over to September if there are any delays from the vendors’ side.

Other smaller tasks that we are working on include:

Complete IEO platform integration and testing before rollout Fingerprint authentication for COSS Wallet Improve marketing analytics to fuel decisions NEO GAS implementation after ZEN node upgrade Fixing 100% market order once and forever USDT node update to ERC20 Simplified fee structure

We are working tirelessly with defined goals. Our task lists have been set, and make no mistake, it’s a long task list. In the coming months, 2 or 3 months, give or take, we will be rolling out improvements continuously. Some of those, like I’ve mentioned, won’t be visible, but some features/improvements will be, and we hope you’ll like them.

We are not like other exchanges. I don’t think there is an exchange that gives out such frequent communications to its community and listens so much to you. I might be biased, but I do not think there is another exchange out there that gives away so much of what we make. We believe in growing together, prospering together, bringing you along with us. You, the COSS community have the most to gain if we succeed together, so please spread the word (and love) and bring on the positivity to build a stronger community.

From all of us at COSS, stay tuned for more updates and a better COSS!