COSS.IO 13th March 2019 updates

• MOU with PG-Pay
• Exchange news
• Ongoing and upcoming promos
• Referral program
• Advertise with us
• CFT trading starts on April 1st
• De-listing notice
• News around the crypto sphere

Hello everyone,

We are thrilled to announce an MOU (Memorandum of Understanding) signed between COSS Pte Ltd and Puregold.sg group signed on the 5th of March, 2019.

From Left: Rune Evensen (CEO, COSS) and Andy Loh (CEO, Puregold)

Puregold has launched PG Pay, a mobile app which allows you to buy/sell physical gold at competitive rates and use your gold as a means of payment when purchasing goods and services. State of the art security and storage provided at no charge by their trusted third-party partner, Loomis International, will also give you the peace of mind you need when looking to secure your gold.

An all in one solution to buy, sell, store and spend your gold, all in the palm of your hand.

As a crypto exchange, giving you a fiat on/off ramp has been very important to us. This partnership gives you one more option to do so.

Using the PG-Pay app, you can buy gold directly with your credit card, and transfer it as SGD into COSS. Naturally, a withdrawal will also be possible from COSS to PG-Pay app.

We view this as a first step towards implementing SGD deposits/withdrawal from our exchange, and we are excited that Puregold is partnering with us with this app.

We are also keeping it under wraps for now, but we are in some interesting talks right now that will help close the gap between fiat and crypto; stay tuned for more updates!

Do note that signing an MOU is only the first step in any process. Then the teams need to come together, work out the flow, integrate, test and deploy. We will duly announce once the solution is ready to go live. This also goes for other MOU’s signed (or to be signed).

Some exchange news:

• We’ve added a trading fee table to our fees page.
• Withdrawal History now includes a fee tab
• Enjin(ENJ) withdrawal fee is now 5 ENJ
• USD, GBP, EUR deposit & withdrawal fees have been updated on the fee page

We are fully aware that many users have been waiting for the withdrawal options for GBP and EUR. However, this is still out of our hands and we are still waiting for VISA.

This is the latest reply from our payment gateway in Europe:

“We do understand the urgency of this feature however we haven’t received an update on this from Visa yet. As being told we have submitted merchant’s information to Visa to apply for a payout option and are now awaiting their feedback.”

We feel we have waited long enough and our users shouldn’t have to wait much longer. So, starting next week, we will implement a temporary solution (while waiting for VISA):

1. You can submit a withdrawal request for GBP and EUR
2. We will then do a direct bank transfer to you

This temporary solution will have a minimum withdrawal limit of 100 GBP/EUR.

We will update you as soon as this temporary fix is ready along with the fee details.

Speaking of Puregold, come take part in the Puregold trading promo! There are two more rounds left, and everyone stands a chance to win.

CFT- not just about trading discounts!

The Substratum(SUB) trading promo is up next, but we are rolling out a SUB airdrop to CFT holders before the promo begins. Hold a minimum of 5K CFT on your COSS account to qualify for this airdrop. The airdrop will happen on 14th March, 11 am, Singapore time.

DRGN (Dragonchain) and Bittwatt (BWT) are upcoming promos, and we will announce their details shortly.

We are also on the lookout for promising projects to list on our exchange, so if you have a project in mind looking for a place to list, refer them to us!

Don’t forget our other ongoing promos!

Thanks to your feedback, we’ve updated our referral section on the site. The new changes specify what is needed for your referral rewards, to clear up any confusion.

Token distribution to eligible users will be done on a daily basis. In the future, we will roll out different referral reward structures to keep things fresh and give you more incentive to refer people to us.

Bringing in more users is definitely useful to the exchange, so if you love us, refer us to your friends and family and get rewarded for doing so!

QR code to access the form

We’ve also added an “Advertise With Us” link under Services. There’s also a QR code up above if you are seeing this and would like a quick scan to open up the google form link.

If you or a project team you know want to advertise on our exchange, please fill up the form and we will contact you asap.

March 30th and 31st fall on the weekend, so we have settled on April 1st as the start date for CFT trading, along with the 2nd CFT token burn.

We will start with the following pairs:

• CFT/BTC
• CFT/ETH
• CFT/COSS
• CFT/USDT
• CFT/USD

The following tokens have been added to our de-listing watchlist. Trading volume will be assessed over the next 30 days 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.

Some news around the crypto sphere:

Regulation updates. We are participating in the regulatory talks here in Singapore and continuing to monitor the situation closely.

Other jurisdictions, however, are taking different approaches to how they view cryptocurrency trading, which can be considered a setback for many of the exchanges operating in those countries.

Some examples:

Malaysia: https://bitcoinist.com/malaysia-bitcoin-regulations-exchange/

Hong Kong: https://www.scmp.com/tech/blockchain/article/2171727/explainer-what-hong-kongs-plan-licensing-cryptocurrency-exchanges

We remain confident that Singapore is the place to be and are eagerly awaiting the upcoming regulations.

One of the biggest news these weeks was Enjin Coin. The project has soared more than 70% after it confirmed its partnership with Samsung Electronics.ENJ is trading on our exchange with USDT and USD pairs in addition to BTC and ETH.

Dragonchain(DRGN) was just at the DC Blockchain Summit 2019, where Joe Roets, CEO of Dragonchain showcased recent business blockchain solutions using Dragonchain technology. They have a networking event coming up soon if you are in the Seattle, WA area.

Tigereum is launching its BETA2 next week. For more info, head on over to their telegram channel.

BITTWATT is inviting other businesses to join their energy trading platform. Users can get rewards by referring any business that can integrate Bittwatt as a payment method.

A thoughtful documentary on Bitcoin: https://www.youtube.com/watch?v=LszOt51OjXU&t=1s&fbclid=IwAR2Kml1aUG06uU6HQkPyj0ikDaP8lFloLFpC7_hF0cUANW9Wc9VSAcSThUQ

Stay tuned for more updates!

Join in the community at our various channels :

• Telegram Announcement Channel : https://t.me/COSSchat
• Telegram General Discussion Channel : https://t.me/myCOSS
• Telegram API/Bot Discussion Channel : https://t.me/COSSAPI
• 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