COSS TOKEN

The popularity of existing cryptocurrency platforms are incresing day by day. However their services quantity and products are very limited. There are many applications and customers have to run from one application to another to be able to operate their funds. First customers must find sites/applications for those operations and register each of them. And they have to be sure that those sites are trustable or not. Customers must spend so many time to buy, to sell, to exchange, to invest, to trade and many other operations. That is why the result is always dissatisfaction and displeasure. It explains that digital world needs more user-friendly products and services. COSS platform came forward for this purpose. To create a single ecosystem for mass adoption among not only experienced customers but also people new to cryptoworld.
COSS stands for Crypto One Stop Solution, and represents a platform which aims to encompass all features of a digital economical system based on cryptocurrency. COSS has been launched in the Beta Version on the 1st of April, 2017 with a Payment Gateway/POS for online and offline stores allowing Merchants to accept payments for their services in various cryptocurrencies, and a fully-operational Crypto Exchange. So far, these are the two most important features of COSS, that is currently integrating many the 3rd-party providers, who will offer their services through COSS.
COSS is designed as a living project with infinite possibilities for extension, aimed to bring cryptocurrencies to the masses by adopting and facilitating all the existing crypto- and the blockchain-related services and products into a user-friendly, intuitive and easy-to-use environment.
The number of customers and merchants listed on the COSS marketplace is constantly increasing, and currently counts 150 Merchants and over 1000 users. COSS has an international team spread many locations across the world from Singapore (the managing board) to New York (branches) and Bucharest, Romania (Development Team).
The structure of Cryptocurrency has revealed new approach towards traditional finance system and unveiled new opportunities to Entrepreneurs , industries and startups by adopting them, which are,
- Legal and monetary transactions by eliminating middleman.
- Money transfers are done in more secure way and it protects completely the user information.
- Access to global financial system with any device connected to internet.
- Reducing substantially in transaction fee.
- Eliminating completely the risk of inflation.
The COSS (Crypto-One-Stop-Solution) platform is designed to facilitate the application of cryptocurrencies and comes with a native token named COSS, which generates interest for the owner. Key features of the platform are Payment Gateway merchant, POS (Point of Sale) and exchange system. The COSS platform operates as DAO (Distributed Autonomous Organization), which transfers 50% of all transaction costs to the owner of the DAOS CROSS tokens.
COSS will run a DAO (Distributed-Autonomy-Organization) that shares its revenue with holders of TOKEN. DAO is supported by COSS tokens, a crypto built on the Ethereum platform proving the sharing rights in the COSS application. 50% of revenue generated by DAO is shared among the token owners. Tokens COSS DAO is operated through a smart Ethereum contract that controls the distribution and allocation of revenue streams generated by the platform. The platform itself is operated by COSS Pte Ltd. Registered in Singapore, and therefore centralized. 50% of revenue generated by the platform is paid to the owner of the COSS DAO token in the form of transaction fees originating from the appropriate currency .
Platform generates revenue from 3 SOURCE:
Withdrawal fee:
Cryptocurrency withdrawal fees generate revenue for the platform, but most of the costs are used by the network to process the withdrawal. Throughout this process no direct revenue is generated, which means no amount of withdrawal fee divided by the owner of the DAO tokens.
Stock exchange transaction fee:
COSS uses a decision-making transaction cost scheme, which generates pure revenue for the platform. The fee is charged from both members who participate in the trade. 50% of this revenue is shared with the owner of the DAO tokens.
Fees start with 0.2% of takers and maker costs, and end with 0.04% coming from transactions.
COSS TEAM
Members :
Dan Cearnau — Team Leader and co-founder
Ioana Frincu — Team Coordinator
Iulian Oprea — Technology Officer
Desmond Sieow — Finance Manager
Rune Evensen — visionary and co-founder
Andrei Popescu — Experience Officer and co-founder
Christopher Bridges — Compliance Officer and co-founder
Andras Kristof — Analyst Corporate Blockchain
Haarek R. Andreassen — Research and Development Officer
Eystein R. Lyche — Marketing Officer
Manager Fitro Hermawan — User Experience (UX)
Maria Popova — Content Manager
Advisors :
Stefan Neagu — Blockchain Technology
Mike Costache — Strategy / Investment
Tan Kim Song — Financial Advisor
Anson Zeall — Industrial & Community Blockchain
John Bailon — Crypto Adoption Ecosystem Adviser
Miguel Cuneta — Crypto Adoption Ecosystem Adviser
Ionut Scripcariu — Payment Gateway and Card-Solutions
Christian Hagmann — Corporate Strategy Advisor
John Chrissoveloni — Equity and Trade Advisor
Zach Piester — Strategy / Investment
David Zhou Yi — legal counsel
Peter Sundström — Technology Advisor
Symbol: COSS
ICO Schedule: August 8 — September 6, 2017
Total Supply Token: 200,000,000 COSS (Two Hundred Million COSS Tokens)
ICO bonus: 25%
Token Price: 600 COSS = 1 ETH
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
Escrow System:
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 information, please visit our official website below :
WEBSITE : https://coss.io/
TWITTER : https://twitter.com/cosscrypto
FACEBOOK : https://www.facebook.com/cosscrypto/
SLACK : https://cosstokenswap.slack.com/messages/C5YC6H26N/
Bitcointalk : https://bitcointalk.org/index.php?topic=2050735.0
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=990365