The past couple of days, and at times, to the annoyance of many COSS holders in social groups, we are exposed to constant shilling for kukcoin. I really feel that smart investors never close their eyes, so be certain that we don’t miss any investing opportunities, I decided to give it a decent look.

Availability of information; COSS

The first thing that becomes obvious when trying to compare these two coins is that there is not a lot of information available for Kucoin. Kucoin is not currently listed on CMC, so finding reliable statistics was difficult.

Price

Kucoin, has a total coin issue limit of 200,000,000. (according to whitepaper)

whitepaper states after buyback disposal it will be 100,000,000 – which is a little confusing.

[CURRENT PRICE:] 0.00009256BTC / $0.51

COSS, coin limit is 200,000,000. (according to CMC)

[CURRENT PRICE:] 0.00002175 BTC / $0.11

Assuming both coins have the same max issuance of 200,000,000. COSS is $0.4 under-priced next to Kucoin. If Kucoin drops to 100,000,000 max supply, meaning each one should be worth 2x as much compared to COSS. COSS is still out-priced by $0.14 compared to Kucoin per token. COSS appears cheaper.

Working products

Both projects seem to have a working project. Although kucoin’s exchange appears to be more developed and highly functioning. COSS exchange is still in BETA but the exchange is only part of their project. Sign up is quick and easy for both. (links at the end).

What currencies are supported?

COSS; a range of the newer coins and the usual big three. This might be a good route to take, as all the exchanges that currently accept small coins are difficult to use for new investors. Plus the number of exchanges listing new coins has dropped through fears of regulations. Fiat to crypto also supported, in-fact is a big selling point for it, even though the limits could probably do with being higher.

Kucoin; The big three, also a similar strategy to Binance/paying gas for neo holdings. This gained Binance some traction early on and is something all exchanges should do. But when you have Binance already doing that, is it enough to convince traders to move to Kucoin? No mention of fiat to crypto – the last article I could find explained that it was aiming for only crypto.

Who are they targeting

Kucoin appears to target those who are already using exchanges, it has all the complicated trading analysis charts you expect from an exchange.

COSS is targeted at new and old entrants to the crypto world. It’s exchange is a reflection of it’s ‘keep it simple’ ethos – traders have been dissapointed, however about the lack of tools for technical analysis.

Rewards for holders

COSS:

COSS offers 50% revenue split – from all revenues – to all holders, forever.

The revenue comes from all aspects of the business.

payment is weekly and the snapshots are announced before, which cause some concerns with pump and dump activity.

COSS Proof of rewards

There are questions being raised about the delivery and execution of COSS’s reward system. Other than actually showing amounts on holders’ dashboards, no one has actually received a payment. I wrote more about this here. It is still a work in progress but they are keeping accurate account of what holders should be receiving

Kucoin:

Kukcoin offers referral income boost but I suspect that without this… the passive investment revenue may be poor, so it has potential but little is known on that front.

This was taken from the whitepaper: “Registration invite links and QR code will be distributed to all the Kucoin users. Users will be able to enjoy the direct and indirect promotion bonus by inviting new users to register. For instance, if user B registers via user A’s invitation code and trade, then a certain potion of the trading fees will be awarded to user A as direct bonus; and if user B invites user C (and user C invites users D), a portion of the their trading fees goes to user A as indirect bonus too. This portion will be decided by the real situation of the platform operations, please refer to the announcements. Invitation bonus can increase the register and visit numbers and make the exchange and user activities more flourishing.”

Payment is daily, I have not experienced this myself and couldn’t find it in whitepaper, I have received a screenshot from one user which I will use to make a comparison of income.

The fine details of rewards per holding are not very obvious. Some mention of a reward for holding in the white paper, but nothing anywhere else and certainly no definite figures easily identifiable.

Kucoin Proof of rewards

Since writing this, one user has been kind enough to drop me a screenshot, below. I have only ever seen one other screenshot of the rewards from Kucoin and it came from different users claiming it was theirs. So if anyone has anything more on this, please let me know. The overall consensus though, is that Kucoin is paying it’s users.

Developers Backgrounds

The management team behind COSS have a poor reputation due to a failed previous project. I will not go into to much depth there. It always gets brought up and the development team have addressed it. The team listed on the COSS website is quite extensive and it does reassure potential investors.

Kucoin, management listed on the website, looks impressive with a list of members that look to know exactly what they are doing in the finance industry, this does give some confidence to potential investors.

Summary

In summary, it appears that in terms of investor confidence the two are quite similar.

The important thing to recognize is their different approaches.

Kucoin is a more polished product, a fully working exchange that is aimed at those already comfortable with trading. No trading limits and no fiat options. I see no reason why it can’t grow further, but I feel a pullback on price is needed before I will stack this. However, I still cannot accurately tell you what Kucoin offer as rewards to holders and i cannot even tell you if they are currently at 200m coins or 100m coins. Because it they’re still at 200m, all that have invested recently could be in for some losses.

COSS will be dealing with those that are new to crypto and converting them to it, as such it has trading limits currently for fiat in particular, if you hate trading limits (around $2000 USD per day for unverified accounts) then you are probably better suited to Kucoin.

Ultimately, I think it depends on where you think the biggest market is going to be coming from. Existing users of crypto or new-commers to our world. I personally, think that in the next few years, we will see a 10-100x increase in new users, which gives COSS the edge for long term investors. They have promised to be in possition – ready to capture that market. That premise, combined with the payment gateways and merchant services (whic holders also gain from) make COSS an attack on all fronts.

If this has peaked your interest and you want to invest in one of the coins…