Project Update: Coss (COSS) the Cryptocurrency Exchange Platform and More

by birtanpublished on August 21, 2020

Hello tokens and welcome to another video in my project update series in this one I'm looking for cause I made a poll on my Twitter and cause was a project that you guys wanted me to cover so here's the video today's 22nd of January 2019 and cross is a

Cryptocurrency exchange platform some of the basic information about the project first of all cause is a platform aiming to bring cryptocurrencies to the masses by adopting and facilitating all the existing crypto and the blockchain

Related services and products into one big user-friendly and easy to use environment basically everything connected together so so far they provide an exchange it wallet which suppose a bra a broad variety of tokens

A platform for ICO launches and promotional trading campaigns a free ad gateway a market cap widget and more and also plan to do more stuff in the future and they did have an IC o—- between August and September 2017 and they only

Raised just over 3 million US dollars so there are some things you need to consider I was gonna talk more about later now tokens and usage so the biggest part of the cost is the exchange obviously

And that actually has been operational for a long time now now there are two tokens used on the COS exchange in this video we will mostly talk about the cost okay now cross token holders are awarded with payouts in all crypto currency

Supported at kosslyn IO for utilizing the platform and the exchange this means that 50% of all income from the fees are shared between the cost token holders so all the income from exchange is shared a depending how much

How many tokens you hold now that has been working and I've been operational for a long time so that's very good sign recently cost also introduced another token that was solved for the platform called CFD are things called cost fee

Token which allows users to pay trading fees at a discounted rate also all of the conversion of the dust will be done to the CFT token that means low amounts of crypto that you hold in the wallet that he can

Resell anymore all of those you will be able to convert into that CFT now some of the most recent news of the men recent update was 1.2 were a complete migration to a whole new system was performed and pretty much not a single

Piece of code was been brought over some primers the exchange was being written from the scratch the team recently announced a feature work for the fee split allocations of the income you get from the cost tokens Dino near Seto

Inductance which are not the Syrian ones will be automatic converted to each cerium and what we started it is even more very interesting choice I think because they want everything to be decentralized to come avoid the

Classification with the cost outcome of the security it's pretty interesting solution something missing some people might like it but I can see why they've done it the team is also trying to incorporate the

Usage of this year D tokens as markets and recently started the affiliate system Erebor safety obviously will be distributed on a weekly basis now they also enabled fear deposits with fear to withdrawals and being worked on I'm not

Sure if they were Joe's are still are to operational it could be at the time this video I'm not sure I know we can do fear deposits and it also announced a tie-up with CC XD where they are only one of only seven survived exchanges and only

One from Singapore so if anyone is having any doubts whether cost exchange is actually legit they're saying in legit in that regard now in terms of the road map the robot is quite out of date and very vague but they do have at some

Of the developments obviously trying to account the security of the system there are some controversies were apparently caused a change was hard but I think of it is sorted out I think the two fight wasn't working to FA wasn't working

Properly but they seem to be working fine they are expanding the team they're trying to be corruption compliant with government regulations obviously very important for an exchange especially since the cost of goons paid dividends

They're also trying to feature new tokens not add value to the equals and they're trying to do new listings because this exchange is still struggling with the volume they'll also expand the network and the

Customer base and also introduced Fiat deposits withdrawals and also Fiat trading I do have some other stuff like a learning for example plan for the future but that's really not directly connected to the exchange now as an

Exchange I think the most important part is simply attracting users because the more users the exchange is using the more money they will make for the fees and as a result the value of the cause exchange will increase as well now the

Volume on the cost seems to be increasing pretty steadily through the last few months which is a good sign because they do seem to be able to attract customers I think currently top 70 exchange which

Doesn't sound that great but they increased their volume from a half a million like five million so that's very impressive that's from five million in 24 hours so it's very impressive now the cost tokens

In terms of availability and the price I was expected the token is only listed on the cost exchange as it would kind of expect now existed with a lot of different tokens as you would also expect since it's used as a market but

The most popular listings are Syrian Bitcoin litecoin and US dollars so pretty much all the popular ones that you would expect you can use a pseudonym has a most volume so if you did so if you're trying to get

The best price a serum is probably the best bet now the overall 24-hour volume is around 65 K so it's not that much so if you are trying to bind significant amount to much struggle but you can still do so current price has a funny

Third of January it's armed six cents of course being ranked so it's 22nd today we've cost being around on two hundred 19th place in terms of the market capitalization and the market cap of around 7.2 million so there's still a

Lot of room for growth in that regard now hundred and nineteen millions of tokens are in circulation out of the 200 million so there will be new tokens added something to consider because they're gonna increase the market cap

And you know I do think the current valuation is luckily the potential of the cost of another price graph as with most outcomes cost has been struggling pretty badly this year with very significant

Decrease on overall 95 percent which is comparable to most most alkanes decreased between like 90 percent to ninety eighths of course it's no different in that regard now the highest price this year as opposed to chisel

21st so pretty much a year from the time you see this video of January and really actually SHINee's have been doing quite good when you compared to the likes of Bitcoin or even in serum as visible on this graph it's been okay but obviously

Pretty disappointing in of them hold if you are looking at the gains this year but it's no different than your outcomes really some what's my verdict on the token and exchange as a whore so code as a whole so cost is an interesting option

And considering the exchange is gaining traction there is a lot of potential here also if we consider how much time they are planning to do in the future however it is a high-risk and high-reward

Type of an investment because it is unclear whether the project can actually sustain itself financially considering they didn't make that much money in the ICO and they have been struggling on the volume for a while now the fact that

Cause introduced another token is also controversial I'm not sure some people didn't like it some people liked it but it could also be a sign that they need more money something to remember – why wouldn't they just use the cost token

Instead it seems that they're trying to make some extra money however as a holder of course you will get more CFD tokens anyway so actually for a holder it's pretty good that the introduce new tokens because you will get it

Ah-ha anyway so I don't see why I didn't really buy the CFT token if you can buy more cost and then generate safety tokens anyway so I don't think it's a bad thing for the cost of games holders but I think it could be hurried a bit a

Bit of a red flag from a perspective of how much money costs actually have as a project however the project does have a huge potential I still hold some tokens pretty significant amount

If you look at the percentage-wise from my portfolio I think it does have potential the team has been doing very well so far even though they have been struggling in terms of the volume and if everything goes wrong it's one of those

Projects that could remake rip dimension because of how they're trying to approach everything with feared gateway or even prepaid cards in the future but on the other hand because of their finances and the fact that it didn't

Make that much money in the ICO it's a high-risk high-reward type of an investment because they could simply have not have enough money for a long-term sustainability of the exchange so if you like very risky investments

It's a very good option if you would rather stay of something safe things like Bitcoin or cerium are probably better I still hold tokens I think the project has a potential but that's in my opinion as always thank you very much

For watching I hope it was useful and I will see in the next video and as always I appreciate you checking it out

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