Cosmo This & That 13
▶ Internal News
Cosmochain Holder Meeting — 2019 Oct.
Cosmochain is currently encouraging the demands of COSM from Ecosystem
1) Exchange/Market
In order to list COSM on global exchanges, KCT tech support is essential. Thus, Cosmochain is carefully monitoring the status and plan of Klay listing on those exchanges.
In addition, Cosmochain is eager to increase its presence in Japan market — community building, professional IB reporting targeting Japan Investment Banks, and strategic partnerships with blockchain conglomerate in Japan.
Cosmochain is also tightly working with institutional investors in order to increase COSM value with various investment strategies.
http://www.fnnews.com/news/201910280915277331
2) Ecosystem
The demand of COSM from Ecosystem ultimately derives from the value of Beauty Data in Cosmochain. Cosmochain is creating the value of Beauty Data via 1) contributing the data on Klaytn main-net, 2) selling FitsMe marketing slots, and 3) conducting audience-driven performance marketing agency business. Afterwards, Cosmochain is also looking forward to creating the value of beauty data by using those data during R&D process.
In return, the circulating volume of COSM in Market can decrease by converting COSM into CP in Ecosystem.
1. Beauty Data Contribution on Klaytn (Data Project)
Cosmochain is acquiring beauty data not only from Cosmee, FitsMe, but also from various beauty platforms in Korea.
Beauty platforms have different service value propositions, thereby provide different sets of data from services. By adding-up those data under the project name of Beauty Genome Project, Cosmochain is creating the value as below.
2. FitsMe Micro-Targeting Marketing
FitsMe (operated by Cosmochain) has been worked with beauty brands regarding micro-targeting marketing slot within the service since 2019 2Q. From 2019 3Q, this MKT project has been integrated into Cosmochain Token Model.
Until now, there are ~50 beauty brands that have joined FitsMe marketing campaign and ~10 beauty brands are actually funding Cosmochain MKT project by purchasing COSM tokens from the exchange.
Also beauty brands participating FitsMe marketing campaign are informed with beauty data insight weekly basis, which can be used in analyzing the customer voice, interest etc.
FitsMe is currently expanding its brand partners aggressively and looking forward to monetizing the opportunity by end of 2019.
3. Audience selection Performance MKT (Data + MKT project)
Cosmochain is working experimental marketing agency business using beauty data that has been collected within Cosmochain ecosystem under the aim of increasing the efficiency of conventional performance marketing.
Currently, Facebook and Google are providing machine learning-basis MKT-efficiency optimization tool for their marketing platforms. In addition to this, Cosmochain is trying to select targeted audience based on beauty data, which in return would increase the overall MKT-efficiency.
By disrupting the performance marketing agency business with beauty data that Cosmochain is going after, Cosmochain will be able to create more value out of the data.
Since October 1st, 2019, the initiation of Cosmochain Token Model has decreased the total circulation volume of COSM in exchanges (i.e. Market).
During October 2019, 1,476,085 COSM tokens have been reduced from Market and converted to CP in Ecosystem; Marketing project and Data project are responsible for 600K COSM and 900K COSM, respectively.
Lastly, during the meet-up, 1) 50M COSM of Team token wallet, 2) 2019 Income Statement of Cosmochain, 3) Buyback records of 2019 3Q have been clearly shared.
▶ External News
1.Bitberry token swap service
Delighted to share the announcement from Cosmochain as below. Bitberry Wallet, a subsidy of Dunamu Inc, will be providing 24/7 token swap service (i.e. ERC to KRC) of Cosmochain token.
Since September 2018, Bitberry Wallet has been providing a crypto wallet service to more than 130K users in 100 different countries worldwide. From Oct 23rd 2019, COSM swap from ERC to KRC will be available using Bitberry wallet 24/7.
Bitberry COSM wallet will be providing the same wallet address for ERC-based COSM and KRC-based COSM, which will prevent the loss of COSM token that has been a pain-point for international holders who have not been able to convert their COSM token to KRC yet.
Moreover, Cosmochain is looking forward to developing more cohesive service using Bitberry wallets.
> Token swap schedule via Bitberry
-Starting date & time : Oct. 23rd 2019 11am (KST)
-From Oct. 23rd 2019 9am to 1pm (KST), Bitberry wallet will not be able to withdraw or deposit COSM token
-If COSM tokens are deposited in Bitberry wallet, the tokens will be swapped to KRC-based automatically
2. Cosmochain additional investment from Ulysses Investment.
Ulysses Investment, recently contributed 25M COSM tokens (via burn) that the firm bought in the market for Cosmochain ecosystem boosting, shared its additional COSM investment plan.
The capital firm mentioned : “Cosmochain token model, which started its initiation from Oct. 1st, was able to convert about 1M COSM tokens from exchange pool to CP that is going to be used in ecosystem. This indicates that circulating volume of COSM tokens are decreasing with value that has been created from Beauty Data businesses that Cosmochain has been launched since 2019 3Q. Cosmochain token model is notable as most of all other projects, which have inflation/mint-basis, are prone to increase their circulating token volumes.”
Additionally, the investment firm mentioned : “Even crypto market has been crippled for last several months, Cosmochain was able to grow its beauty brand partners. Moreover, token compensation program that is going to be initiated by Ground X can be considered as foreseeable catalyst of COSM value.
Ulysses Investment confirmed that it will invest more capital in COSM (i.e. will be purchasing 20M ~ 25M COSMs from market) during 2019 4Q and will consider the conversion of COSM to CP as Cosmochain requested.
3. Since October 1st, 2019, the initiation of Cosmochain Token Model has decreased the total circulation volume of COSM in exchanges
During October 2019, 1,476,085 COSM tokens have been reduced from Market and converted to CP in Ecosystem; Marketing project and Data project are responsible for 600K COSM and 900K COSM, respectively.
* Details of Cosmochain Token Model can be found at
https://www.notion.so/happyhacking/Cosmochain-Bluepaper-Token-Economy-EN-1be174687d934f75b107cbf4ffbedbab
▶ Ask Me Anything
(Answers to the most frequently asked questions within our community)
- Bitberry Token Swap
Bitberry is currently providing ERC-COSM swap to KCT-COSM 24/7. Token swap fee is free for all ERC-COSM holders. Also Bitberry is providing the same COSM address for both ERC-COSM and KCT-COSM, which will prevent token loss. In conclusion, Bitberry is providing very safe token swap wallet address for COSM holders, so please feel free to use Bitberry in order to 1) secure COSM tokens and 2) swap COSM from ERC to KCT.
About Cosmochain
Cosmochain is a blockchain project based on beauty data, founded in March of 2018. We aim to contribute to the development of beauty ecosystem by systematically managing data incurred within beauty industry, and data to those in demand through our platform,
On June 2019, Cosmochain launched its main service “FitsMe” based on the 1.5 million data points incurred through its pilot service. So far, FitsMe is performing well, ranking 6th within Beauty Category of Google Play Store, with an MAU of 20,000 people.
Cosmochain Official Channels
● Cosmochain Web: https://cosmochain.io/
● Telegram(Announce): https://t.me/cosmochainannouncement
● Telegram (KOR): https://t.me/cosmochain_english
● Telegram (ENG) : https://t.me/cosmochain_global
● KakaoTalk(KR): https://open.kakao.com/o/gAMfQpU
● Medium : https://medium.com/Cosmochain
● Twitter: https://twitter.com/cosmochain
