COSS FSA Update Week 17 2019

Average volume on the exchange for this week has decreased to 6.8 million, but the FSA has increased 54% on last week. This is interesting as it means the average fee paid on the exchange has increased. A higher average fee means that smaller traders represent a larger share of the volume compared to previous weeks.

CFT climbed to averages of $0.030 this week. Following the distribution of this week’s FSA, the price has now dropped to $0.026. This is expected as people cash out their FSA which is predominately CFT. Daily FSA is expected to begin this week, so it will be interesting to see how that impacts the buy/sell pressure of CFT.

FSA Value at Snapshot – $2.28

The value of the FSA per COSS was 0.000228131558743371, making the value $2.28 per 10,000 COSS. 115,597,613 COSS were included in the snapshot. Dollar value is only accurate at the moment of the snapshot.

At $2.28 per 10K $COSS (@ $0.077 per COSS) that’s 15% ROI. This number can fluctuate weekly, meaning ROI is a poor indicator of actual annual return on investment. For example, last week the ROI was 9%.

The average volume for the 7-day period for which this FSA was calculated was $6.8 million.

USD Value of Fee Split Allocation

Previous WeekCurrent WeekDifference
Value per COSS0.00014764207983912961 0.000228131558743371+54%
Value per 10K$1.47 $2.28+54%
COSS in Snapshot114,759,866 115,597,613+0.7%
Avg. 7 Day Vol.10,000,000 6,800,000-32%
ROI9% 15%+66%

Token Value of Fee Split Allocation

Below are the amounts of each token received in the FSA per 10,000 COSS held. The percentage change is the increase or decrease of particular tokens included in the FSA compared to the previous week.

Currency Previous Week Per 10K COSS Current Week Per 10K COSS % Change
WISH 0.0002278520000000 0.0002398047974708 5.2
OPQ 0.0000966291000000 0.0000095166354072 -90.2
PAY 0.0000000000000000 0.0000110346548849 0.0
XNK 0.0003754680000000 0.0000176497954371 -95.3
PASS 0.0004520710000000 0.0000257008885811 -94.3
LAN 0.0000000000000000 0.0000000000698152 0.0
KNC 0.0000147127000000 0.0001082778275043 635.9
FDX 0.0052908690000000 0.0003721427958055 -93.0
JET 0.0004765430000000 0.0005196865206556 9.1
TIG 0.0805682660000000 0.1019323989428970 26.5
ENJ 0.0001297740000000 0.0003603701358119 177.7
PRIX 0.0000120568000000 0.0001075967796310 792.4
OMG 0.0000070657000000 0.0000170382966671 141.1
FXT 0.0002340420000000 0.0003878335259187 65.7
SNM 0.0000208408000000 0.0000000001214437 -100.0
FYN 0.0000000000000000 0.0000000000000000 0.0
NOX 0.0016696260000000 0.0014213531470235 -14.9
BWT 0.0085033540000000 0.0045026805160018 -47.0
POE 0.0001111860000000 0.0002236617132195 101.2
CS 0.0000000000000000 0.0000000000000000 0.0
SENC 0.0000000000000000 0.0000000000730493 0.0
ETH 0.0003147880000000 0.0001034143521077 -67.1
VZT 0.0006503230000000 0.0005674946806382 -12.7
TRAK 0.0000000000000000 0.0000000001174804 0.0
USDC 0.0000003388080000 0.0000053833033072 1488.9
REQ 0.0000237696000000 0.0002330034796023 880.3
MORE 0.0000005274610000 0.0000006782299829 28.6
PGTS 0.6108553100000000 0.0100226274756659 -98.4
STX 0.0000000000000000 0.0000340246794359 0.0
LALA 0.0000000000000000 0.0000000000641364 0.0
CRED 0.0000342471000000 0.0001365481263599 298.7
WTC 0.0000021151800000 0.0000031510321128 49.0
PIX 0.0000000000000000 0.0000046072266726 0.0
CVC 0.0000123630000000 0.0000337228352329 172.8
TUSD 0.0000081823300000 0.0001732069152552 2016.8
UFR 0.0080584670000000 0.0050450028822849 -37.4
ADI 0.0000000000000000 0.0004645574058136 0.0
SURE 0.0000000000000000 0.0000000000251392 0.0
COSS 0.0710120630000000 0.0796874942802321 12.2
UBC 0.1137704980000000 0.1360950958777860 19.6
XDCE 0.8704905070000000 3.5715282757928100 310.3
BLZ 0.0000210295000000 0.0000516051527844 145.4
MRK 0.0516891260000000 0.0453384378462936 -12.3
DAT 0.0002916510000000 0.0038988880613198 1236.8
IND 0.0000000000000000 0.0000000001036022 0.0
BNT 0.0000000000000000 0.0000000000000000 0.0
CAN 0.0000000000000000 0.0000000000724905 0.0
GAT 0.1076204140000000 0.1374577600842810 27.7
GUSD 0.0000008103020000 0.0000000000000000 -100.0
HGT 0.0017526820000000 0.0011929561621315 -31.9
LINK 0.0000075708000000 0.0000038596258876 -49.0
KIN 4.1091273840000000 2.4373901286519600 -40.7
SUB 0.0859471870000000 0.0140764852987834 -83.6
LA 0.0000000000000000 0.0000000000638502 0.0
ITT 0.0001087700000000 0.0000613566616701 -43.6
NPXS 0.7654691630000000 0.8594091929676220 12.3
CFT 70.4369912200000000 62.6742712111533000 -11.0
DRGN 0.0000033032100000 0.0000227149530151 587.7
MCO 0.0000000000000000 0.0000009544343944 0.0
DAI 0.0000268807000000 0.0005031564869978 1771.8
MKR 0.0000000200285000 0.0000001009014333 403.8
UBT 0.0000301276000000 0.0003808348435129 1164.1
QNT 0.0000009110050000 0.0000070385566489 672.6
GVT NEW 0.0000015214128198 0.0
CELT NEW 0.0010948120801975 0.0
STORJ NEW 0.0000527244115706 0.0

Historical Comparisons

COSS Value/ 10KCOSS in SnapshotAverage VolumeROI
22/04/19$2.28115,597,613 6,800,00015%
15/04/19$1.47114,759,866 10,000,0009%
08/04/19$2.47113,928,191 11,700,00017%

CELT, Genesis Vision and Storj Labs Make FSA Debut

Genesis Vision and Storj Labs recently listed on COSS. It’s good to see some of these tokens getting through into the FSA. If you are a member of these communities, be sure to share the news that trading for $GVT and $STORJ is now live on COSS.

Also making its debut appearance in the FSA is the community token CELT. This token is now available exclusively on COSS through IEO only. If you don’t know about CELT, read more about this community driven liquidity token here.

COSS FSA Update Week 16 2019

FSA Update Week 16

The previous week’s FSA was temporarily delayed due to an update of the PGT ticker, which caused an error. The week the FSA was running normally again (as it usually does!).

The fee split is noticeably reduced from previous weeks. This is likely due to a lower weekly average volume. With the sharp drop of CFT following its initial launch, any traders who bought CFT at IEO price will find trade fees more expensive until CFT returns closer to its initial $0.10 price point.

CFT had been recovering slightly over the past few days, but following the FSA, the price is trending downwards again. This pattern may occur for a few more weeks/months until an equilibrium is reached between the amount of CFT distributed in the FSA and the price/buying pressure.

The likely conclusion for the downward trend would be COSS holders selling their CFT following the FSA distribution. The CFT pair with the highest volume is CFT/COSS. This means, a good percentage of sellers are using CFT to reinvest into COSS.

FSA Value at Snapshot – $1.47

The value of the FSA per COSS was 0.0001476420798391296194340, making the value $1.47 per 10,000 COSS. 114,759,866 COSS were included in the snapshot.

At $1.47 per 10K $COSS (@ $0.085 per COSS) that’s 9% ROI. This number can fluctuate weekly, meaning ROI is a poor indicator of actual annual return on investment. For example, last week the ROI was 17%.

The average volume for the 7-day period for which this FSA was calculated was $10.0 million.

USD Value of Fee Split Allocation

Previous WeekCurrent WeekDifference
Value per COSS0.000247559594798174570.00014764207983912961-40%
Value per 10K$2.47$1.47-40%
COSS in Snapshot113928191 114,759,866 +0.73%
Avg. 7 Day Vol.11,700,00010,000,000-14%
ROI17%9%-47%

Token Value of Fee Split Allocation

CurrencyIncrease Per 10K
(Prev. FSA)
Increase Per 10K
(Current FSA)
% Change
WISH0.00016190200.000227852040.7
OPQ0.00000322210.00009662912899
PAY0.00001733240.0000000000-100
XNK0.00000000000.0003754680
PASS0.00221313200.0004520710-79.6
LAN0.00017036500.0000000000-100
KNC0.00002762930.0000147127-46.7
FDX0.00265933200.005290869099
JET0.00017538000.0004765430171.7
TIG0.57462848900.0805682660-86
ENJ0.00024786900.0001297740-47.6
PRIX0.00017660000.0000120568-93.2
OMG0.00001010880.0000070657-30.1
FXT0.00007937820.0002340420194.8
SNM0.00002348050.0000208408-11.2
FYN0.00000000000.0000000000
NOX0.00333288100.0016696260-49.9
BWT0.01752568500.0085033540-51.5
POE0.00075890400.0001111860-85.3
CS0.00000000000.0000000000
SENC0.00067925900.0000000000-100
ETH0.00031913500.0003147880-1.4
VZT0.00055180100.000650323017.9
TRAK0.00000000000.0000000000
USDC0.00000323640.0000003388-89.5
REQ0.00051076700.0000237696-95.3
MORE0.00000005100.0000005275935
PGTS0.00000000000.6108553100
STX0.00004007320.0000000000-100
LALA0.00000000000.0000000000
CRED0.00000968760.0000342471253.5
WTC0.00000485190.0000021152-56.4
PIX0.00002409710.0000000000-100
CVC0.00005268090.0000123630-76.5
TUSD0.00002108750.0000081823-61.2
UFR0.01118203800.0080584670-27.9
ADI0.00040457300.0000000000-100
SURE0.00000000000.0000000000
COSS0.19215968800.0710120630-63
UBC0.17285171500.1137704980-34.2
XDCE2.77603836600.8704905070-68.6
BLZ0.00018266400.0000210295-88.5
MRK0.06231841800.0516891260-17.1
DAT0.01291757600.0002916510-97.7
IND0.00000008280.0000000000-100
BNT0.00000000000.0000000000
CAN0.00011697100.0000000000-100
GAT0.07697827600.107620414039.8
GUSD0.00000000000.0000008103
HGT0.00323062900.0017526820-45.7
LINK0.00010401000.0000075708-92.7
KIN7.94145606304.1091273840-48.3
SUB0.15299841400.0859471870-43.8
LA0.00001736780.0000000000-100
ITT0.00011867200.0001087700-8.3
NPXS0.03871670500.76546916301877.1
CFT82.704183290070.4369912200-14.8
DRGN0.02148394600.0000033032-100
MCO0.00000026750.0000000000-100
DAI0.00005745350.0000268807-53.2
MKR0.00000003270.0000000200-38.8
UBT0.00000000000.0000301276
QNT0.00000000000.0000009110

Future Fee Split Allocation Updates

The volume is continuing to trend downwards since the snapshot. With CFT price slowly building, it will be interesting to see how the volume looks for next week’s FSA.

Daily distribution of the FSA was planned for release by the end of this week. We may see it arrive later in the month, if not this week, depending on how its implementation goes.

If there is a particular stat that you would like plotting over the course of this series. Please let me know if the comments section below.

COSS Fee Split Allocation to be Distributed Daily

Daily FSA Coming Soon

The Fee Split Allocation (FSA) is the 50% share of all exchange fees distributed to COSS token holders. Previously this has been paid weekly, but in today’s official Medium update from COSS, it was announced the FSA is soon to be paid daily.

The FSA distribution is an automated script that runs Monday evenings (around 16:00 Singapore time). This script calculates what fees taken from the exchange should be paid to COSS token holders, depending on the number of tokens held and the total number of COSS tokens included in the snapshot.

COSS is looking to implement a daily run of the FSA script from as earlier as the end of next week.

FSA Distributions to Occur Daily

Daily FSA distribution was always planned with the recent upgrade of the COSS exchange to version 1.2. It is also a feature that has been frequently requested by the community.

At current volume and average fees, the value of a daily FSA would be around $0.35 per 10,000 COSS held.

The Benefits of a Daily Distribution

The primary reason for moving to a daily distribution of FSA, is to ensure that the estimated USD value of the FSA is a more accurate reflection of what was actually distributed.

The problem was visible most recently with the launch of CFT. As was expected, the USD value of CFT dropped shortly after trading opened. This meant that the USD value of the FSA was almost half what people were expecting – even though the amount of tokens received had not changed much.

Better Estimated USD Value for FSA

With a daily distribution, the estimated USD value would also be updated daily, making it a more accurate reflection of the real USD value. It also becomes less vulnerable to inaccuracies should a token in the FSA have a sharp rise or fall in value.

Positive Psychological Factors of Daily Distribution

Another benefit of a daily FSA distribution is a psychological one. Something that pays out a real value, everyday, sounds more appealing to investors. There is less of an apparent risk if the FSA can be collected whenever the user desires.

Initially, whilst the exchange volume and FSA is still ‘low’, there could be a negative effect as well. COSS holders have become used to seeing values such as $2+ per 10K COSS for the weekly FSA. This equates to around $0.35 a day. Even though it would be paid 7x a week, the number is still lower and could make the perceived returns of holding COSS seem less.

No Weekly COSS Token Dumps

Some traders like to hold COSS before and during the FSA snapshot to ensure they get their entitlement to the FSA, before then selling their COSS stack to try and swing trade during the week.

This weekly influx of COSS tokens on to the market puts selling pressure on the token, which of course lowers the price.

Although not noticeable every week, removing the weekly FSA should make the COSS token’s price more stable.

Any Negatives for a Daily Distribution?

On the whole, moving to a daily FSA distribution seems like a positive move. However, there could be some potential speed bumps along the way.

At the exchange’s current volume, the USD value of a daily distribution will be quite ‘low’. Meaning COSS holders will need to wait some time before distributing their FSA to their account wallets anyway.

Not all users are aware that the FSA holdings can be held indefinitely, so some may try to take their FSA profits as often as possible. If their COSS holding is small, this might prove to be very inefficient with the 0.001 ETH fee!

With the current on-site analytics we have for the FSA, keeping track of how it is doing will be more difficult. Statistics will be displayed for the day only, with no history, if it is kept how it is.

I’ll continue to do a weekly roundup of the FSA, looking at the total coins received over the week and comparing it to the previous week.

The FSA script is going to be running on a daily basis, once daily distributions go live. This is also another potential point where issues could occur. With the script running 7 times a week instead of one, there are more opportunities for errors to occur. The FSA has been running very well (apart from a slight hiccup when PGT changed ticker to PGTS), so this is unlikely to be of real concern.

Community Feedback on the Daily Distribution

In the official COSS telegram, the move towards daily distribution has been received positively.

If you have any thoughts on this change, positive or negative, please share them in the comments section below.

COSS FSA Update Week 15 2019

Week 15 COSS FSA Update

This week’s FSA was delayed slightly due to a technical error with the automated process. The FSA is run automatically, but hit a snag due to the upgrade of the Puregold token ticker from PGT to PGTS.

The FSA script was rerun the following day (Tuesday) and once complete, the values showed the correct amounts. The FSA wallet link was briefly disabled during this update period.

FSA Value at Snapshot – $2.47

The value of the FSA per COSS was 0.0002475595947981745771363, making the value $2.47 per 10,000 COSS. 113,928,191 COSS were included in the snapshot.

The previous FSA was somewhat controversial as it coincided with the opening of CFT trading. As the price of CFT initially dropped, the FSA value appeared quite low. The latest FSA sees a return to the previously received values.

At $2.47 per 10K $COSS (@ $0.071 per COSS) that’s 17% ROI. This of course assumes that no factors change throughout the course of the year (COSS price and FSA value), both of which will of course fluctuate over time.

The average volume for the 7-day period for which this FSA was calculated was $11.7 million.

USD Value of Fee Split Allocation

Previous WeekCurrent Week
Value per COSS0.0001041273865231250901340 0.0002475595947981745771363 
Value per 10K$1.04$2.47

Token Value of Fee Split Allocation

CurrencyTokens Per 10K COSS
WISH0.000161902
OPQ3.22205E-06
PAY1.73324E-05
XNK0
PASS0.002213132
LAN0.000170365
KNC2.76293E-05
FDX0.002659332
JET0.00017538
TIG0.574628489
ENJ0.000247869
PRIX0.0001766
OMG1.01088E-05
FXT7.93782E-05
SNM2.34805E-05
FYN0
NOX0.003332881
BWT0.017525685
POE0.000758904
CS0
SENC0.000679259
ETH0.000319135
VZT0.000551801
TRAK0
USDC3.23643E-06
REQ0.000510767
MORE5.09607E-08
STX4.00732E-05
LALA0
CRED9.68756E-06
WTC4.85187E-06
PIX2.40971E-05
CVC5.26809E-05
TUSD2.10875E-05
UFR0.011182038
ADI0.000404573
SURE0
COSS0.192159688
UBC0.172851715
XDCE2.776038366
BLZ0.000182664
MRK0.062318418
DAT0.012917576
IND8.27673E-08
BNT0
CAN0.000116971
GAT0.076978276
GUSD0
HGT0.003230629
LINK0.00010401
KIN7.941456063
SUB0.152998414
LA1.73678E-05
ITT0.000118672
NPXS0.038716705
CFT82.70418329
DRGN0.021483946
MCO2.67531E-07
DAI5.74535E-05
MKR3.271E-08
PGTS0
UBT0

Future Fee Split Allocation Updates

This post is the first of the FSA update series. Over time, the collected data will grow making the analysis more beneficial. For example, next week will include percentage changes in coins received in the FSA.

If there is a particular stat that you would like plotting over the course of this series. Please let me know if the comments section below.