The COSS Fee Token, or CFT, was conceptualized out of a desire to give our users more incentives to trade on our exchange. It wouldn’t make much sense to use COSS token as a trading discount token, because it would affect how much you earn from your Fee Split Allocation (FSA).

With our v1.2 launch, we saw the opportunity to launch a companion token to COSS, and the rest, is, as they say, history.

But we did not want to create a single use case token. We decided to create a more versatile token.

25% discount on trading fees

Ability to airdrop tokens to CFT holders

Ability to use CFT for voting

And now, we are finally going to start launching it for trading.

3 more days, and we are going to celebrate this launch with a bang!

One of our biggest promos yet! What better way to celebrate the launch of a discount token than giving you the ability to win more CFT by trading ANY pair on the exchange?

Get your trading fingers warmed up because, on the 1st of April, things are heating up on COSS.io!

Ending this update with a few words from our Founder and CEO, Rune Evensen:

“Going live with CFT trading is a huge milestone. The addition of a 2nd token has been widly discussed in our community.

Although we have seen an increase in the weekly FSA value over the past weeks our users are very aware that the majority of FSA has been in CFT token with a price set by us due to the ongoing IEO, now it is finally time for the community to define the price.

Exchange tokens are definitely the flavor of the month and we believe in having the best from both worlds with our two tokens, some might say that both use-cases could have been added to one token, etc. and we are aware that the options are many, but by having an active token (CFT) plus a passive token (COSS)we believe that we do cater for different and more strategies. We are not saying that our way necessarily is the optimal way, but we like to set trends rather than simply follow them. Enjoy your trading all and may the best traders win.”