3 min read

COSS, an acronym for Crypto One Stop Solution is an exchange that was launched in 2017 and has been described by some as the crypto exchange 2.0, due to its broad-based feature set.

The project wants to be able to provide businesses with the chance to accept cryptocurrencies, and by doing so, they’ll be the payment gateway for that process.

Merchants can join with COSS and integrate their payment systems to accept a wide-variety of cryptocurrency payments. Due to the blockchain-based nature of these payments, the merchants have access to previous records, while enjoying crypto to fiat services.

There are several features in which COSS is offering to its users and more planned in the future. However, the one aspect which will garner the most interest, naturally, is the COSS exchange.

COSS provides a payout to COSS token holders based on the transaction fees from the exchange. Whenever trades are made, both the buyer and the seller pay a small fee. On COSS that fee starts at 0.2% and decreases from there, based on the transaction volume of the user in the last month.

The money gained by COSS from all the trading transactions is added up throughout the week, and once per week, 50% of those fees are distributed to token holders, with the amount that each person is receiving dependent on what portions of tokens they hold.

COSS has strong ambitions for the near future, with the whitepaper stating, they intend to add 3-5 features every quarter. Future updates include:

More currencies for the exchange

Remittance

Prepaid Credit Cards

3rd Party Plugins

This could be great for investors as cryptocurrency markets tend to be driven by news and hype, so if COSS can consistently introduce new features and keep costs relevant and newsworthy, then investors will stay excited about the project, and its value will rise accordingly.

Concerns do remain, however, such as the low volume on the exchange. According to CoinMarketCap, there a daily volume of $8.5 million, ranking 82nd for exchanges measured by volume. This an issue that would need to addressed ASAP, as it can become a spiraling issue. Too succeed in the long run, and be a successful investment COSS need to increase its users and transaction volume.

However, the central idea for COSS is very promising, and the concept of paying transaction fees to users is very forward-thinking. If the team can stick to their plan of brand new features every quarter and increase their daily volume, COSS has every chance of providing high returns for individuals who are willing to take the risk.

Source