COSS.IO November 21st 2018 updates
- New Affiliate system
- v1.2 launch date
- FIAT updates
- Institutional accounts live for registration
- Maker/Taker fees reminder
- BCH fork matters
- Spiking promo
- SUSS event recap
- Singapore payment regulations update
- H20,SMDX and BPL delisting
Hello everyone! Let’s get straight to the updates. Lots to cover and take in.
We are excited to announce a new Affiliate system going live real soon. The Referrer will get 25 COSS for each qualified referral with an additional 50 COSS for every 5th referral. Your referral will receive 25 CFT* upon qualifying. Referral program will start once we go live with v1.2 and token distribution will be weekly to start with (will be automated at a later stage).
*Now, we know. You did not read wrongly. This was not a typo. CFT is real and we will have a dedicated medium article next week explaining what CFT is. Next week’s medium will also contain more details on the shift-over to COSS v1.2; expected downtime, etc
Qualified referrals are users that register, passes KYC and executes at least ONE trade.
With v1.2 coming up, what better way to get your friends/family into cryptocurrency by trading on our new exchange? Everyone wins!
Speaking of v1.2, launch date is targeted for Monday, December 3rd. We want to have all hands on deck on this crucial launch, and launching on a Monday means we will be able to respond faster to anything that crops up.
We are as excited as you are for v1.2, but bear in mind that this is just the beginning of the road towards v2.0. Not all functions will be in place from day 1; we will be rolling out more features as we move towards our full 2.0 launch.
Some good news for our US friends. FIAT Deposits and Withdrawals are now LIVE for US Citizens, making it easier for US Citizens to come in and trade on our exchange with FIAT. So get your KYC done and let the USD roll.
This might not be applicable to our traditional traders but we are pleased to announce that Institutional Accounts are now LIVE for registration.
Just a reminder about our maker/taker fees, which was announced on August 29th. It will be going live for v1.2.
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. Again, this is going LIVE in time for v1.2 launch:
Anyone in the crypto-sphere for the last few weeks would have known about the Bitcoin Cash ‘saga’.
We will support BCHABC as of now, but we will name it as Bitcoin Cash (BCH). Deposits, withdrawals and trading of BCH are back up and running.
As for BCHSV, we will update on its status as soon as possible.
Spiking will be having a Thanksgiving promotion for just TWO days; from 22nd — 23rd November. Spending just US$10 gets you US$23 worth of 4 different cryptos; not a bad deal! The COSS tokens in this promotion come directly from SPIKING’s CEO, Dr. Clemen Chiang’s personal stash, so let’s all join in and ‘kill the whale’ by lowering his COSS portfolio!
Head on over to their site for more details.
Some pictures of Rune at the SUSS panel discussion on November 15th.
The panel focused on hacking and trust in this digital age, where people are increasingly at risk of being cheated of their savings. Rune was there to increase awareness of social hacking, which is increasingly becoming a new trend in digital crime.
Be wary of malicious elements posing as customer support to get you to divulge confidential information online. Be aware of our admins and their usernames, and be especially careful on how the usernames are spelled. We will also not message you first. Stay vigilant, everyone.
A new Payment Services Bill was introduced in the Singapore Parliament on Monday (Nov 19). This new regulatory framework for payment services will benefit COSS as we have always pushed to be regulated under MAS (Monetary Authority of Singapore).
The proposed amendments will mitigate risk across the payment value chain (which includes you, the consumer) and strengthens consumer protection. COSS will be one of the first to apply for licenses once the Bill comes into effect.
Somidax(SMDX), Blockpool(BPL) and Hydrominer(H2O) will be closed for deposits effective immediately. All pairs will be delisted, and wallets will be closed on the 2nd of December. We urge all users to withdraw your SMDX, BPL, H2O tokens before the 2nd of December.
Please try again to withdraw your BPL tokens if they were stuck previously.
That’s all for this update. Stay tuned for more coming soon!
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
