COSS — Token Swap
The new technologies like AI, Machine learning, Blockchain are creating lot of opportunities to create new solutions for the existing problems arround us. Industries, Entrepreneurs, Start ups are coming with creative ideas by using new technologies to offer a better solution and experience to the people in the world. Especially the growth rate in Blockchain technology is unimaginable. By using this technology the middleman in every area can be completely eliminated, Security measures can be enhanced at very high levels.
In recent days the adoption in Cryptocurrencies by the investors, Entrepreneurs, consumers increasing heavily. Cryptocurrencies offering a better solution than the traditional system in terms of payments, privacy, security, cost and many more. Due to this huge advantage everyone want to involve in the new market evolved with Blockchain technology.
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 Advancement in Payment technologies are increasing to offer a seamless experience to consumers. But still they are failing due to fraud and theft of data. The existing financial system is involved with lot of complexity and time consuming. That’s all problems cannot be eliminated with any traditional approaches.
At the same time in parallel the requirement to provide a better payment solution is necessary due to huge adoption in E-commerce and Smartphones. In 2015 itself the cashless transactions, on the go payments , mobile payments about to 39% of e- commerce sales in UK. Between 2015to 2018 the global e-commerce spending is expected to reach 56%. In the US, the mobile payment industry is expected to reach 73% in 2019. With this increase in demand the payment processing organisations need to ensure the security measures and checkout, Payment processing are optimized.
Inspite of huge opportunity in payment system the existing infrastructure is failed to provide a solution and to solve this Cryptocurrency is the one and only option to offer a solution for the payment system. But due to poor adoption in Cryptocurrency still the problem remains. This problem arises due to lack of ease of use, difficult terminologies, fluctuation in prices, Governance are preventing access to average internet user to access the Cryptocurrencies.
To meet this problem COSS platform want to offer a solution to average user as Crypto one stop solution to provide uninterrupted and seamless all Crypto related services in a single place.
COSS Platform is self funded project with already existing following modules.
- Payment Gateway
- A Exchange
- Merchant list
- Market cap ratings
- E wallet
- News feed
COSS platform want to provide an ultimate solution by including every new feature in time by entering into new strategic partnerships, mergers and acquisitions with new Fintech companies those are having creating ideas to reach mass market. COSS has already entered partnership with few companies.
The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum public Blockchain as an ERC20 Token, that enables its holders to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions. COSS has the nomination COSS and has 8 digits after the decimal point (e.g. 0.12345678 COSS). By using the ERC20 standard, we enable the currency to be stored and transferred to and from many ERC20-compatible wallets
Payout Structure: 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.
ICO Schedule: August 8 — September 6, 2017
Total Supply Token: 200,000,000 COSS
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
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
Step by step guide how to participate in the COSS Token SWAP
- Go to www.ico.coss.io
- Click Register for the Token Swap
- Fill in Name and Email address
- Click the verification link in the email from coss.io
- Log in to your coss dashboard
- Click Contribute now
- Enter the amount of ETH you want to swap
- Copy the ETH address shown in your Dashboard
- Go to your ETH wallet and send the amount of ETH to the ETH wallet shown in your dashboard
- The amount of COSS Tokens you are entitled to will show in your dashboard
- Link your ERC20 compatible wallet to your profile if you wish your COSS token sent directly to you upon release
- If 11 is left blank, your COSS token will be released to your COSS wallet on coss.io
- You are all set. Wait until September 20th for the COSS Token Release.
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
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
Website : https://coss.io/ico
Facebook : https://www.facebook.com/cosscrypto
Twitter : https://twitter.com/cosscrypto
Linkedin : https://www.linkedin.com/company-beta/13239921
Ann/Thread : https://bitcointalk.org/index.php?topic=2050735.0
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1028545