10 Reasons Why You Should Buy COSS Tokens (COSS)

A businessman buying COSS tokens

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.

In the world of cryptocurrency, things are volatile, so the ROI varies week to week, but it has always been good. Some weeks, the ROI has been around 10%, other weeks have reached nearly 20%.

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:

  1. 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.
  2. 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

Recently, COSS introduced a new token to its ecosystem, the COSS Fee Token (CFT). See the differences between the two COSS tokens here.

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.

COSS Token Summary and Comparison

COSS and CFT are the 2 tokens native to the COSS ecosystem, both with very different functions. Recently, CELT has opened for trading, but this is an unofficial COSS token, created by the community.

COSS Token Comparison


FEATURES

COMPARE Token FEATURES

Token Creator

Primary Function

Max. Token Supply

Official COSS Token

Passive Income

Fee Reduction

Monthly Burn

ATH

View Token Analytics

Where to purchase

COSS

Earn Fee split allocation

COSS Exchange

Receive a share of 50% of fees taken by COSS exchange

200,000,000

0

$3.04

COSS.io

CFT

25% fee reduction

COSS Exchange

Used to pay fees, earning a 25% discount

240,000,000

1,000,000

$0.10

COSS.io

CELT

fund liquidity

Community Developers

Funds liquidity bot and earn passive income

10,000,000

0

$0.17

N/A

COSS.io

COSS Token (COSS)

What is COSS used for?

The COSS token’s only role is to earn holders a share of 50% of trading fees.

When someone uses the COSS exchange to trade a coin or token, the exchange charges a small fee. 50% of this fee is set aside to be paid to COSS holders, this is known as the fee split allowance (FSA).

The fees are distributed on a weekly basis (soon to be daily – Monday to Friday) in the same tokens that fees were collected in. This means the FSA is paid out in a variety of coins.

The FSA is held in a separate wallet from your exchange wallets. To retrieve your FSA, you must distribute each token individually at a cost of 0.001 ETH.

The more COSS tokens you hold, the larger your FSA will be.

COSS Token FAQs

Where can I buy COSS tokens?

For your safety, COSS tokens should only be purchased on the COSS.io exchange.

Why are there two COSS tokens?

The ERC-20 COSS token was upgraded to an ERC-223 token. Some old ERC-20 token still remain available but are now worthless.

How much can I earn from holding COSS?

The FSA varies week-by-week depending on the exchange’s volume. For a good estimate of how much your FSA could be worth, see coss-fsa.com

What coins do I receive in my FSA?

As CFT provides a generous 25% discount on trading fees, most fees are paid with CFT. This means a large percent of fees are received in CFT, which you can easily distribute and sell on COSS.io. All non-ERC tokens are converted ETH when entering the FSA.

Do I have to hold COSS tokens on the exchange to receive FSA?

No, COSS can be held in a private wallet and still receive the FSA. You will need to set up a fee split allocation identifier if you want to hold your coins in a private wallet and still receive the FSA.

What is the COSS token smart contract?

The new ERC223 COSS-token address is 0x9e96604445ec19ffed9a5e8dd7b50a29c899a10c

Are there any coins that do what COSS does?

A similar, well known coin is KuCoin Shares (KCS). However, holding KuCoin Shares only generates more KCS. Also, the fee split on KuCoin declines over time. On COSS, the fee split will always be 50%.

COSS Fee Token (CFT)

What is CFT used for?

CFT is used to pay trading fees on COSS.io. It can be bought directly on the COSS exchange for market price across 5 trading pairs.

Fees are paid in CFT with a 25% discount, when enabled in your COSS settings. This means a 0.1 ETH fee would only cost the equivalent of 0.075 ETH in CFT. CFT is consumed to pay the fees and 50% is paid back to COSS token holders in the FSA.

CFT is similar in function to Binance Coin (BNB). However, the 25% fee reduction is permanent with CFT, unlike BNB where the discount eventually reduces to 0%.

Other Benefits of Holding CFT

There are also some additional utilities planned for holding CFT. The first has already been implemented. Holding a predefined amount of CFT will earn you airdrops. Tokens and coins can hold promotions to airdrop their tokens to CFT holders meeting a minimum qualifying balance.

It has also been mentioned CFT could be used to vote for things such as community listings. This has not yet been implemented, but is planned at some point for the future. Many other features are also on the drawing board.

See here for a list of CFT FAQs.

COSS Exchange Liquidity Token (CELT)

What is CELT used for?

CELT is used to fund a community driven liquidity bot. Providing liquidity requires a lot of funding. The CELT token is being used to generate funding for the bot.

The CELT token is currently available through an IEO on the COSS exchange. Although this is a token heavily affiliated with COSS, it is not an official offering from the COSS exchange. CELT is completely by the community, for the community.

Holding the CELT token will earn you a small passive income, as the profits earned by the CELT liquidity bot are distributed in a profit share allocation (PSA) to all holders of the token.

The PSA is distributed through a smart contract, and therefore your tokens must be held in a private wallet. 95% of the profits are distributed to CELT holders.

COSS Token Introduction

Mockup of a COSS coin

COSS.io is a Singapore based cryptocurrency exchange. Whilst it shares most of its features such as token pair exchanging, digital wallets, fiat deposits and withdrawals, IEO listings and trading promotions, there is one feature in particular that sets COSS apart.

COSS offers a means of passive income by sharing 50% of all fees generated with its users. This is known as the fee split allocation (FSA) and is currently distributed every week. The 50% split is generated from the fees paid by traders for every trade made on the exchange, with future revenue streams to be included in the fee split too.

The 50% split of fees is offered for the lifetime of the exchange and will never be changed. It is an autonomous process written in to a script known as the DAO.

To receive a share of the 50% fee split, you must hold COSS tokens, an ERC223 token available on coss.io.

50% of All Fees Shared with COSS Holders

To run through an example of how the fees are shared, here is a hypothetical scenario. The exchange generates $1,000,000 worth of fees in a week. $500,000 (50%) is immediately set aside for all COSS holders.

This $500,000 is divided equally per COSS token. If the circulating supply was 500,000 COSS then each COSS token would earn its holder $1. If you held 10 COSS, you would be entitled to $10.

To get some more realistic evaluations of what your COSS tokens would generate for you, take a look at COSS-FSA.com. With nearly 120,000,000 COSS tokens in circulation, at the current volume of the exchange (~$10,000,000) and average fee (0.04%), you could expect to earn $2-3 per 10,000 each week.

COSS Tokens and Exchange Volume

Because the only function of the COSS token is to determine the share of FSA that you receive, its value is closely linked to the volume and thus the value of fees generated by the COSS.io exchange. Although of course, natural speculation can have an effect on the price of the token as well.

In general, the better the exchange is performing, the higher you should expect the price of the token to be.

As the exchange generates more volume, a greater revenue is taken in fees. This is split and sent directly to COSS holders. Basically, the more volume the exchange makes, the more your FSA is worth.

About the Fee Split Allocation (FSA)

The FSA is controlled by the autonomous DAO (computer program) and currently distributes the fees to COSS holders weekly. There are plans to increase this to a daily distribution in the future.

Alongside your normal cryptocurrency wallets, you have your FSA wallet. This is where all the FSA distributions go.

Due to Singapore monetary regulations, to prevent the COSS token being listed as a security, you will need to pay a nominal fee of 0.001 ETH ETH 2.85% to distribute your tokens to your main wallet where they can then be sold or transferred. This small fee needs to be paid for each token type.

Any non-ERC tokens e.g. Bitcoin, Ripple, Litecoin etc. will be converted to Ethereum and added to your FSA wallet.