COSS — CRYPTO ONE STOP SOLUTION

Azuka Somtochukwu
Aug 26, 2017 · 6 min read

WHAT IS COSS

COSS Was developed by an international team based in Singapore under the name of the company. COSS is an abbreviation for Crypto-One-Stop-Solution. It also launched the first beta version of April 2017, which includes both online and offline payments.

It is a digital platform that allows online payment technology locations and crypto money to manage the funds of Crypto Money users who provide this evolving bank location online with a single account and to meet all the needs related to crypto currencies. Within the subcore above 800, There is only one crypto money (Bitcoin) that does not suffer from user acceptance problems. The flaws in the technical settings of these digital funds affect the potential market price of digital money because of the loss of potential customers and traders and the low transaction volume.

It can be solved by a one-handed solution approach through a platform designed to inform and educate users about various crypto-cashes to inform users and help them to make conscious choices because of the problems they face in using crypto-currencies. They can trade, trade, store and spend. All these functions, digital wallet, exchange, merchant list, payment gateway / POS, market sequencing, news feed etc. It is activated via COSS features such as. Multiple possibilities to use digital currency, All in the same place. It is presented together in the COSS Platform.

COSS PLATFORM

COSS is an acronym for Crypto-One-Stop-Solution and offers a platform that covers all aspects of a digital economic system based on crypto money. The COSS system consists of a payment gateway / POS, a stock exchange, a merchant list, marketplace sequences, a market, an e-wallet, various currency options, and a mobile platform. The COSS platform usually combines all transaction directions managed by the FIAT currency and that offer services related to multiple cryptography in one place. The list of potential features of the platform can be extended forever and will continue to grow as the platform evolves.

MISSION OF THE COSS PLATFORM

The main purpose of COSS is to introduce the masses to crypto currencies. It is a complete experience to access existing cryptographic services and products in the same place that COSS intends to address to its users. From the first moment, the client decides to use crypto money and is guided through that platform and its features.

THE TEAM

COSS ECOLIFE

Cryptographic currencies have access to the most technologically advanced payment methods with millions of customers, including unbanked individuals such as traders, beginners, businesses and charities, with all the prerequisites for getting the money available over the Internet. For this reason, in COSS, crypt has designed the Eco-Life concept, a cross-border digital economic system suitable for money users. Eco-Life aims to eliminate the challenges of the online payment industry.

SMART CONTRACT AS A SERVICE

Smart Contracts as a Service (SCaaS) is a part of COSS that allows businesses to create and execute smart contracts in their systems to simplify and automate their actions. SCaaS has the potential to become as popular as SaaS (Software as a Service) in terms of adoption in the business and is expected to gain functionality in a wide range of industries. Smart contracts in COSS are offered as standard templates to be signed in the block chain for a small fee, wherever they are negotiated between people.

SECURITY

The primary focus of the COSS team is the System Security, which enables COSS users to perform undesired and fraudulent activities through advanced two-factor authentication and end-to-end encryption processes in their accounts. The security sub-module can only be accessed after an additional password confirmation has been made (for security reasons). This sub-module can be used to:
edit the user’s phone number and e-mail address (only after on-line);
Change password;
Enable / disable two factor authentication (2FA)

DEPOSITE

A user can deposit FIAT or digital currencies by pressing the buttons in the wallet bar in the application. After you press the Deposit button, you can choose the FIAT or crypto-currency you want to deposit. If the user chooses to deposit a FIAT currency, he is directed to several payment options. The possible action flow is based on the selected payment method. When a user
selects Bank Away, they are directed to a page where bank details can be viewed and downloaded in PDF format.

COSS WALLET PLATFORM

Users can see all their counterparts in crypto and FIAT currencies through the wallet in the COSS platform. They can also choose to withdraw or deposit money. The withdrawable foreign exchange reserves are placed in Exchange orders and displayed here. COSS funds are held in 3 different wallet types: hot wallets, hot wallets and cool wallets. While the main funds of COSS account holders are kept in the cold wallet, the funds expected to be used actively for transactions are kept in the hot wallet, thus preventing loss of funds. Hot wallets are mostly used for storage and temporary storage.

COSS APPLICATION

Basic COSS applications are:
(A) Basic Application consists of account management tools, registration and logon processes, security procedures and password reset mechanism.
(B) Payment infrastructure / POS, a merchant tool that helps merchants integrate their crypto money payments into web shops;
© The Exchange supports the best-selling cryptographic currencies, allowing COSS users to change orders, make trades, and fund COSS funds.

KYC/AML SYSTEM

A user can check the status of the account from the left part of the menu. The account status can be increased by completing the KYC levels. Each KYC level comes with different borders and requirements. Through the KYC mechanism, COSS validates before allowing users to access their accounts on the platform. To register a new account, you need to enter the user’s email address and full name. The app sends a confirmation via email that the user will need to click the confirmation link to access the account.

WITHDRAWAL

Withdrawals from the users’ bids are activated in the currencies of CYP and CYPTO. Users may charge for any currency they own (FIAT or CRYPTO). Withdrawals are handled differently depending on the currency being received. Some of the withdrawals are automatic and some are done manually. Automatic shots are provided for users with a small amount of crypto digits.

MERCHANT PLATFORM

The trading platform at COSS aims to bring together businesses and potential customers that facilitate communication and facilitate encryption between them for mutual benefits. In this way, the COSS platform fulfills the role of an agent in accepting the enormous Crypto Money, which helps customers to spend and make digital money.

COSS TOKEN

COSS is a 100% self-financing project and does not rely on foreign investment before it is marketed. The new and far-reaching curriculum of its development means that it will start selling platform-specific tokens that share the COSS vision and provide investment opportunities for believers in the potential of the project.

Simgen’s name is COSS. The COSS token is a revenue generating cryptographic state that allows the owners to generate revenue in the form of transaction fees charged by the COSS system for crypto money transactions.

TOKEN SALE

The COSS icon can be changed during the Token Swap (ICO) campaign, which will take place from August 8th to September 6th with 130,000,000 COSS coins. A total of 200 million COSS tokens will be released during Token Swap (ICO). The COSS Token exchange rate occurred in July.

COSS TOKEN DISTRIBUTION

Total COSS Token Amount 200 000 000 (Two Million) Number

Pre-Sales Before ICO: 25 000 000 pieces

COSS ICO General Sales: 130 000 000 pieces

Developers, Staff, Strategic Partnerships ***, Operations: 30 000 000 units

CAP (COSS Affiliate Program: 10 000 000 pieces

For Additional information

Official Website: https://coss.io/
Whitepaper: https://coss.io/documents/coss-whitepaper-v3.pdf
My Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=1060786

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