If you’re thinking about buying COSS tokens, or don’t yet know what COSS even is, here are 10 reasons to convince you to buy.
1. Start Earning Passive Income
Here’s the main reason why you should buy COSS. When you own COSS, you are entitled to a share of the fees the exchange takes. All the fees collected by the exchange are split in two. 50% goes to COSS and the other 50% is shared amongst COSS holders. This is known as the fee-split allocation (FSA). The more COSS you own, the more FSA you receive.
To find out more about what you could make by holding COSS, check out the FSA Updates series to see previous FSA distributions. For a quick summary of what your COSS can earn, check out the coss-fsa.com calculator.
2. High Return on Investment Compared to Traditional Means
COSS currently pays the fee-split allocation (FSA) weekly, soon to be daily. Each week, you will receive a USD estimate of the value of your fee split. Working out the return on investment (ROI) on a weekly basis will show you that COSS returns are very high compared to traditional savings or shares.
3. A Little Known Exchange with Big Potential
COSS’s closest competitor is KuCoin, which has a similar scheme to the FSA. The KuCoin bonus pays 50% of trading fees back to KuCoin holders daily – in KuCoin Shares (KCS).
The KuCoin bonus will be lowered over time as the exchange volume increases, eventually reducing to only 15% once volume reaches $350 million. COSS on the other hand will continue to pay out 50% back to token holders regardless of volume.
Given that both tokens pay back fees to holders, it is fair to tie the volume of their respective exchanges to the price of the token. Currently, KuCoin has 4x the volume of the COSS exchange, but KCS is 16x more expensive. Even when factoring in the small difference in token supply, this means one of two things:
- KCS is over valued – It’s ROI is therefore inflated due to the high price of KCS. Price of KCS could drop 4x to match COSS, making ROI a quarter of what it is now.
- COSS is undervalued – Major ROI potential from FSA for traders purchasing COSS now. Price of COSS could rise 4x to match KCS.
4. Stable Price Means a Relatively Safe Investment
Nothing is ‘safe’ in the cryptocurrency world. Prices can rise and fall dramatically, coins can be stolen, accounts hacked. The price of COSS has remained stable however for almost a year now. Hovering between $0.06-0.08 from July last year, it means for investors looking to get in to COSS, there is less risk of losing money on your investment should you decide to cash out.
A stable price might be considered a bad thing in cryptocurrency, with people searching for ‘moon shots’ to make major returns on their investment. With COSS however, its stable price is mitigated by the consistent fee split paid out to users on a weekly basis.
The price won’t stay stable forever though, once people realise the high returns available by holding COSS, also see below about future plans and how they could impact price.
5. Future Plans Could Mean Big Things for this Small Exchange
COSS’s development is slow but steady. Many features have been added to the exchange with more to come in the future. Compared to the start of the bear market, the price of COSS has moved very little, but the functionality of the exchange has improved greatly.
When interest in the crypto-markets heightens once again, I have no doubt people will rediscover COSS and want to claim their share of the 50% fee split.
The known plans for the COSS exchange are definitely interesting, but also the unknown will be promising too. With such vigorous competition in the cryptocurrency exchange market, many of COSS’s future plans are kept private from prying eyes. What this could mean for COSS token holders, we will have to wait and see.
6. Hold COSS Tokens and You Can Trade for Free
Basically, CFT allows traders to get a 25% discount of trading fees. However, because the whole fee is paid in CFT and you accumulate CFT weekly in your fee split, you can essentially trade for free.
The more COSS tokens you hold, the more CFT you earn in your fee split. Small traders will be able to trade entirely using the CFT they receive in the FSA.
7. Exposure to a Variety of Different Coins and Tokens
Something many COSS holders like about the COSS token, is that you receive your fee split allocation in the coins which fees are paid in. This means you receive a wide range of coins in your fee split. Non-ERC tokens are converted to ETH.
The potential for one of these tokens mooning is very appealing, and is something that you don’t get with competitor fee share exchanges.
8. A Vibrant and Active Community
The COSS community is mainly found on Telegram. Here you will find a helpful bunch of people who are enthusiastic about COSS and its future. Not only that, but the chat is full of real people and not filled with spam or robots.
Obviously, most coin telegram groups have an enthusiastic community, but are they as talented as the COSS community?
A Small Selection of the Best from the COSS Community
- CELT – COSS exchange liquidity token. A liquidity bot powered by community donations that takes inspiration from COSS itself and pays out a share of 95% of the profits it makes.
- coss-fsa.com – A well made calculator site to help you see what your COSS investment could be worth.
- YouTube videos – A collection of the many YouTube videos made to promote COSS.
- Open-source bots – Many free trading bots have been built to run on the COSS exchange, open sourced and shared.
- Concept artwork – One of the best concept arts produced for what the exchange could look like in the future.
9. COSS is Fully Compliant with Regulations
Governments are being slow to regulate cryptocurrencies. The dated laws for traditional monetary system are yet to catch up to the still fresh realm of cryptocurrency.
Some exchanges are using this to their advantage and are loosely adhering to regulations, if at all. If any exchanges find themselves running into issues, they can just move to Malta.
One of the reasons COSS’s development has been slow and steady is due to their strict policy on fully adhering to all regulations in their country of founding – Singapore. They ensure that all tokens are suitable to be listed on the exchange under the regulation of the Monetary Authority of Singapore (MAS). All this additional work takes money and time, but when authorities start cracking down on rouge exchanges, COSS will be amongst the survivors.
10. Open and Honest Staff Members
Finally, something that is a real blessing in cryptocurrency, is that all of COSS’s staff are open and honest. You can get in touch with most of them on Telegram, where they do not hide truths and are always happy to chat. The CEO himself is often found in the Telegram chat, sharing ideas and speculating on the potential of COSS.