Сoss - a new solution to old problems!
What is Coss?
COSS stands for Crypto-One-Stop-Solution and represents a platform, which encompasses all features of a digital economical system based on cryptocurrency. The COSS system consists of a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet, various coin facilities and a mobile platform. The COSS platform unifies all transactional aspects that are usually managed by means of FIAT money, and offers multiple cryptocurrency-related services in one place. The list of potential features of the platform can be infinitely extended, and will continue growing as the platform evolves.
VISION AND MISSION COSS
The main purpose of COSS is to bring cryptocurrencies to the masses. What COSS aims to meet the needs of its users is a very complete and unlimited experience to access cryptographic services and products available in the same place. From the first moment the customer decides to use crypourrency, he is guided through the platform and features. Protected from unwanted negative experiences, users will constantly discover new possibilities to use the platform and interact with it.
Using this integrative approach to virtual currency services, the COSS platform aims to be the most popular and preferred media of all communities, introducing to all COSS customers with crypto and how to use it. For this purpose, the COSS platform comes with tokens, wallets, exchanges, merchant platforms, payment / POS gateways and feature lists that are closely related to crypto usage.
The main priority of the COSS team is the Security of the system, ensuring the COSS users from any unwanted and fraudulent activities on their accounts by means of the advanced two-factor authentication and the end-to-end encryption processes. The Security sub-module can only be accessed after an additional password confirmation has been accomplished (for security reasons). This sub-module can be used to:
edit the user’s phone number and the email address (only after the confirmation);
change the password;
activate/deactivate the two-factor authentication (2FA).
Upon the 2FA activation, a user receives a 2FA code displayed in the COSS mobile authentication app or in an email. The application displays a list of balances for all crypto- / FIAT currencies that a user possesses. A user is also capable of making deposits and withdrawals from and to his/her account. The menu section on the left is used to display the available sub-modules and the users’ account types (based on the KYC input information). This section also has a referral link that a user can share via email, Facebook, twitter or LinkedIn to increase his/her affiliate level and to receive the additional perks.
A merchant’s account is owned by the user who created it. This user automatically becomes the owner of this merchant account. The ownership status cannot be transferred to anyone else and is in the ultimate possession of rights on the merchant’s account. A merchant can select cryptocurrencies he/she would like to accept for each of the branches (e.g. shops, locations, businesses). Additionally, a merchant can add discount intervals for each cryptocurrency and set the maximum payment amounts. When the user opens the merchant platform, a dialog window appears, in which he/she can select a merchant. All the sub-modules of the merchant platform are available only once a merchant is selected. From that moment on, the actions available to the merchant can be accessed.
Token Swap (ICO) Details
What is a COSS token?
The COSS Token is a revenue-generating crypto, developed in Blocklet Etereal as Token ERC20, which enables the owner to receive
All revenues are in some form of transaction costs imposed by the COSS system for cryptographic transactions.
COSS token holders receive income into their wallets every week. Currently, revenue sharing results from other payment transactions in Bitcoin, Ether, and other cryptography supported by COSS are sent via Payment Gateway / POS and / or via Crypto Exchange. In the nearest future, COSS will adopt other revenue generating features.
According to the company’s bylaws, each week 50% of the transaction fees collected by COSS through the Payment Gateway/POS and the Crypto Exchange, will be distributed to the COSS token holders.
200,000,000 COSS Tokens (Two Hundred Million COSS Tokens)
1ETH = 600 COSS Tokens
COSS Tokens Allocation Plan:
Maximum Supply — 200,000,000 COSS Tokens (200 mil)
- 25,000,000 COSS Tokens — Fire Swap (pre-ICO) (25% Bonus — 50 ETH minimum buy-in)
- The Fire-Swap will open on 10th of July 3 PM SG Time
- The Fire-Swap will close on 13th of July — 3 PM SG Time
- 130,000,000 COSS Tokens — COSS Token Swap (ICO) (minimum amount is 0.001 ETH)
- The Token Swap (ICO) will start on 8th of August — 08:08 PM SG Time
- The Token Swap (ICO) will end on 6th of September — 08:08 PM SG Time
- 30,000,000 COSS Tokens — Developers, Staff, Strategic Partners**, Operations
- 10,000,000 COSS Tokens — CAP (COSS Affiliate Program)
- 5,000,000 COSS Token — Shareholders***/Board of Directors***/Advisory Board***
- *COSS Tokens allocated to the Advisory Board will be locked for 90 days.
*** COSS tokens allocated to Developers, Staff, Strategic Partners, Shareholders and Board of Directors will be locked for 180 days
COSS Token Swap (ICO) — Funds Distribution Plan:
- 50% — IT Development, User Experience, Roadmap Completion
- 25% — Mergers and Acquisitions
- 10% — Marketing Plan
- 10% — Operations
- 5% — Shareholders, Board of Directors, Advisory Board.
The COSS currency of the VEROS platform will be implemented as a smart contract Ethereum, which regulates the validation, distribution, cost and possession of the tokens. In addition to VEROS, this platform will support the most widely used crypto currency, so that customers can convert to fiat through the COSS exchange service.
A new feature will be added to the platform at the next development stage.
During the Fire Swap (pre-ICO), 25,000,000 COSS tokens will be issued / sold. The minimum purchase on this offer is 50 COSS at a cost of 50 ETH (the exchange rate of ETH to COSS will be available before the start of the ICO) with a 25% bonus. This offer may expire at any time
, Until 25 000 000 COSS tokens are sold. The owner of the COSS token will receive a weekly income from the cost of purchasing COSS DAO for the transaction fee on the COSS platform, which is regulated by the Smart Contract System. Thus, the COSS token has an intrinsic value, tied to it since the publication.
All ETH from the Main Token Swap (ICO) that begins on August 8th , 2017 will go into a Multi-Sig Wallet with 3 Signatories.
The Release Procedure from the Escrowed ETH Wallet will take place annually based on the approved budgeting presented by the COSS Management:
- 34% — 2018 Budget
- 33% — 2019 Budget
- 33% — 2020 Budget
More detailed information can be found at:
Website: (tokensale): https://coss.io/ico
Business Plan: https://coss.io/documents/coss-financialpaper-v1.pdf
Technical Paper: https://coss.io/documents/coss-yellowpaper-v1.pdf
Link profil: bitcointalk.org/index.php?action=profile;u=1041140