COSS exchange volume is an important metric to follow. Volume on any exchange is important as the higher it is, the more visible the exchange is and the higher potential the exchange has to earn a profit from fees.
The volume on COSS exchange is even more important than other exchanges due to the 50% fee split allocation (FSA) that it pays out on a weekly (soon to be daily) basis to COSS token holders.
High exchange volume on COSS means a greater fee share for holders of the COSS token. Because of this, keeping track of the volume on COSS is a good way for COSS holders to measure their investment’s performance.
Exchange volume data is typically compared by 24hr volume. The rate at which different sites measure the volume can vary greatly, so every method of measuring volume will give you a different result. Below are some of the best ways to measure COSS exchange volume.
Measure the Volume Manually
The most accurate way of measuring the volume is to do it yourself. The various methods below aren’t always up-to-date as it can take some time for new coins to be included in volume counts.
For example, COSS fee token (CFT) is not included in the volume count by coinmarketcap because of their requirement for a coin to be listed on two exchanges before it will appear on their site.
To measure the volume manually, you will need to be on a desktop or laptop PC. Then follow these steps below:
Manually measuring COSS exchange volume
Head to the COSS exchange
Visit the COSS exchange page and click the pair dropdown to show all pairs. Make sure you are on the ‘ALL‘ tab to show all coin volumes.
Copy the volume data
Starting from the name of the first pair, highlight all the pairs with volume (as shown above). Copy this selection to the clipboard (Ctrl-C).
Open Excel or another spreadsheet program
With your spreadsheet program open, paste the data in (Ctrl-V).
Find the sum of the volume column
In Excel, you can quickly find the sum by selecting the whole column. The sum will show in the bottom toolbar. You can also use the ‘Autosum’ feature by clicking the cell beneath the final entry and then selecting all the cells that have volume data.
The sum will be the total exchange volume. This value is in the currency you have selected in your COSS settings (default: USD). If you have selected anything other than USD, you will need to convert the value if you want to compare the volume to other sites which report volumes in USD.
Coinmarketcap is the most well established coin/exchange rankings website. However, it does not include volumes from coins such as CFT and CELT. When compared to the manual volume recording, it reported a +0.4% difference in 24hr volume.
Bitgur is a good alternative to checking COSS exchange volume as it reports the volume on the CFT pairs. However, the site is notorious for being slow to load exchange data. Sometimes refusing to serve exchange data at all. When compared to the manual volume recording, Bitgur was +2.8% higher.
Coingecko is a lesser used alternative to Bitgur and Coinmarketcap. Its redeeming factor is that it has better exchange stats and previous volume data can be viewed at a wider range of resolutions. When compared to the manual volume data, it under reported at -0.3%.
The Community Made, Real-time Alternative
If you’re looking for a simple way to see the exchange volume in real time, look no further than Coss Volume. This site has one job and it does it well. It displays real-time 24hr volume data for the COSS exchange using the COSS API.
Sometimes, when new pairs are added or changed, the site may take a while to update. This can cause the price to freeze. But it makes a good screensaver on a second screen for COSS holders. Fun-fact, this website is on display at COSS headquarters.
If you’re looking for an all-in-one solution, where you can track volume, keep tabs on price, calculate potential earnings and follow official news channels, visit COSS-FSA.
This is another well-made community made site with the primary function of letting you calculate the potential earnings of the FSA
Volume on this site can be seen on the dashboard. It gives 24 hour, 7 day average and 7 day total volumes for the COSS exchange.
The COSS exchange liquidity token (CELT) launched today, exclusively for sale on COSS.io. The CELT token funds a liquidity bot operating on the COSS exchange. By owning CELT, you help provide liquidity on COSS.io and are also entitled to a share of the profits made by the bot.
Only 100,000 tokens are being made available each day on the COSS exchange. This will continue until July 16th 2019 or until the pool of ~10 million tokens has been sold.
Launch day has been an overwhelming success for CELT with all 100,000 tokens being sold. If you missed out today, you can return to COSS tomorrow to catch your share of the next 100,000.
The IEO launch of CELT also sees a sharp new branding by community member zk-Sharks. Droplets representing liquidity are incorporated with the COSS branding, giving rise to a stylish logo that subtly hints towards the purpose of the token.
How to Buy CELT 2.0
CELT 2.0 is now available to purchase via an initial exchange offering (IEO) on COSS.io.
The fixed trading price of CELT is 1 ETH = 995 CELT. This currently puts the CELT token at around $0.15-17.
Once you’ve purchased CELT on COSS, it is highly recommended you move the tokens to a private wallet. By holding the CELT in a private wallet, you will be able to claim your weekly share of the CELT bot’s profits – the PSA.
The withdrawal fee for CELT is set to the lowest possible amount allowed by the exchange – 2.5 tokens (<$0.35). See below for guides on withdrawing to private wallets.
If you owned the original CELT token, your tokens will be automatically swapped to CELT 2.0 tonight and you can begin claiming the PSA. If you access the CELT website before the swap, your balance will read 0 until the token swap has been completed.
Should you wish to sell your CELT tokens, you will need to wait until the IEO finishes on COSS. Once complete, you will be able to sell CELT tokens on the open market.
How to Claim PSA
To claim your PSA, you will need to hold CELT in a private wallet. You will not be able to claim your PSA if you leave your CELT on an exchange wallet.
Your private wallet needs to be one that can interact with a dApp. My recommendation is to use Metamask on PC or Trust Wallet on mobile. When your CELT balance is moved to Metamask, you will be able to interact with the smart contract at celt.dvx.me and claim your weekly PSA. See below for a guide to setting up Metamask (and Trust Wallet for mobile).
Although the PSA is distributed every week, you do not need to claim it that often. You could collect it once a year if you preferred! The first PSA will be distributed within the next 24 hours.
The CELT.DVX.ME Dashboard – Claim Your PSA Here:
The PSA will be distributed to CELT holders in ETH. By making payout withdrawal manual, the token avoids being classed as a security by the Monetary Authority of Singapore (MAS).
The PSA withdrawal process will require you to have ETH in your wallet. This is to pay the network fees (gas), which are typically minimal.
95% of all CELT profits go to token holders, with 5% being sent to an Ethereum dApp ecosystem – PLincHub. This dApp was created by the maker of the CELT bot and earns players 110% of their initial stake back over time in ETH bonds.
Additional profit made from the CELT bot’s PLinc holdings will be paid back to CELT holders in the PSA.
Once the CELT fund is completely funded (~10,000 ETH), annual returns are expected to be around 5% ROI. This of course, may change over time. The primary reason for CELT is to improve the liquidity of the COSS exchange, supporting trader’s investments in the COSS token. The profit share is a nice bonus!
CELT Bot Springs into Action
The CELT liquidity bot now has a fund value of over 200 ETH. This fund is used to provide liquidity on the COSS exchange. The bot buys low and sells high, with the primary goal of closing spreads to make trading easier on the exchange. The COSS exchange has a tiered trading structure – higher trading volume means lower fees. The CELT bot can take advantage of this and make a profit whilst trading to close the spreads.
The CELT bot will start by providing liquidity to all ETH pairings. This includes BTC, Tether, TruUSD, NEO, COSS, CFT, LTC, DAI, TRX. After that, the bot will begin trading on BTC pairings with the same coins.
Users trading on these pairs should see a noticeable difference in the ability to buy coins at a fair market price.
Once installed, you can either set up a new wallet, or use Metamask to view an existing wallet you may have on MEW, a hardware wallet or elsewhere. You should see the options like below. Follow the guide to import a wallet, or create a new wallet.
In the address field, paste in your Metamask address. To open the Metamask extension, click the fox icon in the top right corner. You can click on ‘My Ether’ to copy your address to the clipboard, or click the more icon (3 dots) for more information about your wallet and account.
When withdrawing from COSS, there will be a 2.5 CELT fee (this is the lowest fee possible). You will also be asked to fill in your 2FA to withdraw and you must confirm the withdrawal by clicking the link sent to you via email. Metamask will notify you when you withdrawal arrives (around 15 mins after confirming via email depending on the Ethereum network).
Your CELT tokens will not show up in Metamask automatically. They will show up automatically on celt.dvx.me however.
To show your CELT token balance in Metamask:
Click the menu (3 bars) icon
Scroll to the bottom and click ‘Add Token’
Click ‘Custom Token’
Paste the contract address (0x99a3a5333b4eb80192149f9edd42d1d57ac591ee) into the ‘Token Contract Address’ field
The remaining fields should autofill, if not, add these values to the respective fields. Token Symbol: CELT | Decimals of Precision: 18
With Metamask installed and loaded up with CELT tokens, you can now visit celt.dvx.me and access the PSA functions. You may be asked by Metamask to confirm the connection to the CELT website. The first PSA will be available within 24 hours to holders of CELT.
If importing an existing wallet, click import and select Ethereum. You will then be asked for you 12 word recovery phrase. Type in your recovery phrase and your wallet will now be available in Trust Wallet, allowing you to interact with dApps, including the celt.dvx.me website.
You could set up an account on Metamask (see above) and use the recovery phrase in Trust Wallet to import. This would allow you to view your CELT holdings and collect PSA on both PC and mobile.
In the address field, paste in your Trust Wallet ETH address. This can be found in the wallet tab and by clicking the ETH token.
Once your CELT arrives, it will show in your wallet. You can then access the CELT website by clicking the dApps tab and typing the address as shown in the image.
A Bright Future for CELT and COSS
With such a successful launch day, the future for CELT seems positive. With traders now incentivised to hold CELT thanks to its profit share allocation, there is no reason for COSS holders not to buy. The CELT token is one piece of a larger puzzle that will drive the COSS exchange to success, and earn you some money along the way.
With the profit share aiming to provide around a 5% annual ROI, even traders not invested in COSS will be eager to buy into the token for the weekly returns.
If you’ve purchased CELT today, let us know how the experience was for you. How did the IEO process go for you? Have you got your tokens in your private wallet? Are you looking forward to the first PSA?
Congratulations, you’re now helping support liquidity on COSS and earning some profit along the way!
On a Desktop or Laptop PC
To get started on a PC, you will first need to install an extension for Google Chrome, or the Brave Browser called Metamask.
Head over to Metamask.io in either Chrome or Brave. Then click ‘Get Chrome Extension’ (this works on Brave too, as it is built on Chromium).
Once installed, you should get the ‘Welcome to Metamask’ popup. If not, you can access Metamask from the fox icon in the top right of your browser. Click Get Started.
You’re probably looking to create a totally new wallet, so on the next page, select ‘Create a Wallet‘ which will create a new wallet within your browser. You will have the private keys for this wallet, so you can restore it within another browser or app whenever you like.
You will then be asked to create a password. This is needed to display the wallet in the browser or to connect the wallet to a website.
The next step is to receive your private key or ‘Secret Backup Phrase‘. If you are familiar with cryptocurrency wallets, you will know the importance of this key and how to back it up. If not, please read this next paragraph carefully, or you could lose your funds!
The 12 word phrase shown on the next page is very important and is required to restore access to your funds should you ever be unable to get back to your browser. If anyone sees this key, they can access your wallet and take your funds. It is very important to keep this phrase both safe and private. Never reveal it to anyone. Do not store it on a device that other people could access.
The next page will test that you have copied this phrase down correctly.
Funding Your Metamask Account
Now that you have Metamask set up, you need to add some ETH to your empty wallet!
Access your Metamask account by clicking the fox in the top right of your browser and click the Deposit button.
You now have a range of options to get ETH over to Metamask. If you already own ETH elsewhere (an exchange, hardware wallet, etc.) choose Directly Deposit Ether to get your Metamask account address. This is the address to send your ethereum to.
Purchasing CELT With Ethereum
You can now visit the CELT webpage and Metamask will ask if you’d like to allow the website celt.dvx.me to access your account. It is safe to allow access, as this is how the site receives your public address (no private information is accessed).
Once connected, you can now buy and sell CELT using this website. Type how much CELT you would like to purchase in either the ETH amount or the CELT amount. Remember, 1 ETH = 995 CELT.
Confirm the transaction in Metamask. Metamask will notify you when the transaction has completed.
Verify the transaction completed successfully by refreshing the CELT webpage – here your new CELT balance will be displayed.
Showing CELT Balance in Metamask
You can always check your balance at celt.dvx.me but if you want your token balance in Metamask, follow these steps:
Click menu and scroll to the bottom to reveal ‘Add Token’
Click ‘Add Token’ and then choose ‘Custom Token’
Fill in the contract address, which is 0x35f06858577b526a9351C6d42c89748281b6FE30 (Old 1.0 token) – New CELT 2.0 token for use with CELT purchased via IEO on COSS.io 0x99a3a5333b4eb80192149f9edd42d1d57ac591ee
The remaining fields should fill in automatically, but if not – Token Symbol = CELT and Decimals of Precision = 18
Click ‘Add Token’ and CELT is now displayed in Metamask.
Connecting to a Hardware Wallet with Metamask
Perhaps you already have ETH on a hardware wallet and don’t want to move it over to Metamask, but still want to access the CELT website.
You can connect your hardware wallet directly to Metamask by clicking the pie-chart-esque image on the top right of the Metamask popup. Click add hardware wallet.
A new window will pop up asking you to add a new account, from here you can connect your hardware wallet by following the instructions on screen.
On a Smartphone
To access the CELT contract and purchase tokens on a smartphone, you will need a browser that has an in-built ethereum wallet.
Two examples are Trust Wallet and Cipher Browser. Download whichever you prefer and set up your account wallet. You will need to send ETH to your account from an exchange or another wallet. Follow the in-app instructions to get ETH in your account.
Accessing the CELT Website on Trust Wallet
On Trust Wallet, click the ‘DApps‘ menu icon at the bottom centre of the screen.
At the top of the page, you will be able to enter a website. Type, celt.dvx.me to go to the CELT website.
From there, you will be able to access the site and purchase CELT with the Ethereum in your Trust Wallet.
Accessing the CELT Website in Cipher Browser
The process for purchasing CELT on Cipher browser is exactly the same as above. Send ETH to your Cipher browser ethereum address and then access celt.dvx.me using the in-app browser.
The browser is the bottom left icon on the menu, from there you can type in the CELT address like any normal browser.
To trade on COSS, you will need to register an account. Registering an account is easy and will allow you to trade cryptocurrencies for other cryptocurrencies and withdraw the equivalent of up to 2 BTC BTC 0.08% a day.
If you’re happy to follow along with COSS’s instructions, click the button below to get started with a free 50 COSS and 25 CFT bonus!
Enter the details COSS asks for on the registration page. Your display name may be shown publicly during trading promotions (top volume traders and other winners are listed by display name).
Remember when creating a password to use one that has not been used before. This is an important practice for all passwords, but is extremely important for cryptocurrency exchanges.
Completing the CAPTCHA
Before submitting, make sure to check the consent box. By doing so, you agree to the company’s terms and data policy. Clicking ‘Register’ will bring up the CAPTCHA, which is similar to the one used on Binance.
In case you are unfamiliar with this kind of authentication, you need to align the white COSS token piece with the dark circle. You can drag the white piece directly, or use the slider beneath.
You will receive an email from email@example.com asking you to verify your email. Click the link in the email to complete the verification process.
If you do not receive the email right away, check your spam or junk folders. You may need to move the email to your inbox to be able to follow the link.
If you are still unable to find your email, there may be a delay in the sending process. Allow an hour or so for it to come through before clicking ‘resend activation email’
Once you have verified your email, you will be able to log in with the email address and password you used to sign up.
Two Factor Authentication (2FA)
2FA is mandatory on the COSS exchange. On your first sign in, you will be asked to set it up via the Google Authenticator app.
Step 2 – Scan the QR code using the app. First, open the Google Authenticator app and click the ‘+’ button to scan a new QR code. Point this at the QR code on the screen and you will get a new entry in your authenticator app.
Step 3 – Backup your key! In the event of you losing your phone, it breaking or getting stolen etc. you will not be able to restore your 2FA without your backup key. Your authentication codes are not stored in the cloud and transferred to your new phone, the only way to re-add them is through the backup key. Support may be able to reset it for you in the event that you lose both the backup and your authentication codes.
Step 4 – Finish setup by logging in with your account password and the code shown for COSS.io on your authenticator app.
Ready to Begin!
Your account is now active and you can start using it straight away. See below for some things you might want to look at next. Or if you haven’t already, click register an account to get registered on COSS.