COSS.IO 29th August Updates
- Exchange status update
- Change in Fee structure
- De-listing notice and procedures
- Exchanges and volume
- Upcoming/ongoing promos
We have always been focused on improving the performance of our exchange, and since the last update we have been rolling out more tweaks to our back-end.
Stability across the various microservices has also been improved, and more monitoring and alerts have been built into the system, which will help detect any faults that happen within the exchange.
We are pleased that the investment in our development team at headquarters is starting to pay off!
To prepare for the on-boarding of institutional/corporate accounts, we have decided to change our trading fee structure and implement new maker/taker fees.
These fees are more applicable for higher volume accounts since our previous limits were very low. These changes should have a positive impact on FSA, which means better returns for all COSS token holders.
Here’s a look at our upcoming maker/taker fees. It is currently NOT implemented; this is just a preview:
Announcements will be made sometime before we push it live on the exchange.
The following tokens have been added to our de-listing shortlist. Trading volume will be assessed over the next few weeks to determine suitability for de-listing.
De-listing of any tokens will be announced ahead of the actual de-listing, and withdrawals will be open for some time even after a de-listing takes place.
It’s not an exaggeration to say that trading volumes are the lifeblood of a cryptocurrency exchange. Having a high trading volume obviously looks good not only on the rankings, but in our case, affects you directly because of our FSA.
Unfortunately, there have also been allegations over inflated trading volumes; exchanges giving false data over their actual trading volume, visitors( unique or otherwise) and the volume per visitor.
We wanted to share with you an article we found about cryptocurrency exchanges, and it just might change how you view the exchanges you trade on.
Check out our current on-going promos:
Upcoming promos:
We have an upcoming trading promo from Ubcoin (UBC).
Ubcoin is developing an eBay-like peer to peer platform which eliminates fiat from the process of acquiring and spending cryptocurrency in order to trade physical goods.
Ubcoin is a utility token that will be used for the settlement of smart contracts and fees on the Ubcoin market. They will become an integral part of Ubank, which is the leading mobile app in Eastern Europe and Central Asia for payments.
Ubank has partnered with Samsung and Fly to pre-install their app on their smartphones in the ten countries where they operate. These strong partnerships and long-term contracts will translate into greater adoption of the Ubcoin platform.
Another upcoming promo is Spiking:
Dr. Clemen Chiang has kindly provided some videos that will help to explain what Spiking is all about.
And lastly, a picture of Dr. Chiang hanging out with Rune!
That’s all from us this update. We know you have been waiting for updates on APIs. Rest assured we are still working on them and we will release more information as soon as possible.
About Us : 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.
Join in the community at our various channels :
- Telegram Announcement Channel : https://t.me/COSSchat
- Telegram General Discussion Channel https://t.me/myCOSS
- Chinese telegram: https://t.me/myCOSSchinese
- Facebook : https://www.facebook.com/cosscrypto/
- Twitter : https://twitter.com/cosscrypto?lang=en
- Reddit : https://www.reddit.com/r/CossIO/
- YouTube : https://goo.gl/hd6tBg
