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Transcript
ICO REVIEW
COSS.IO
CRYPTO-ONE-STOP-SOLUTION
Crypto Coins
https://steemit.com/@dmae
@Crypto0Coins
What is it?
What is it?
- Platform aiming to 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 and easy-to-use environment
- COSS had ICO between August and September 2017
- Beta version includes Payment Gateway for online and offline stores allowing Merchants to accept payments for their services in various cryptocurrencies
- It also includes fully-operational Crypto Exchange
How is it used?
How is it used?
- The main goal of COSS is bringing cryptocurrencies to the masses by accessing the available cryptocurrency services and products in the same place
Already working:
- wallet
- exchange
- merchant platform
Planned:
- crowdfunding
- credit cards
- smart contract
- remmitance
Tokens
COSS tokens (ERC 20 token)
- The COSS token is a revenue-generating cryptocurrency, that enables owners to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.
- The revenues are transferred to the COSS token holders' wallets on a weekly basis.
Team
Team
- Currently 12 team members and 12 members on advisory board (advisors from all over the world)
- Based in Romania, registered in Singapore
- Team worked on several different projects for for many different companies
- Team active and engaged
- Twitter: @cosscrypto
- Website: https://coss.io/
Partnerships
Partnerships
- Bunch of partnerships announced, few examples:
- Ark Ecosystem
- Access Singapore, SingaporeFintech - promotes and protects the use and development of digital currencies and blockchain technologies
- Card Blue - prepaid MasterCard
- CoinPip - money transfer company
https://coss.io/team -> more partnerships
Token details
ICO
- COSS tokens (ERC 20 token)
- The COSS token is a revenue-generating cryptocurrency (weekly)
- Maximum supply: 200 million tokens
- 25 million pre-ICO
- 130 million ICO allowance
- 30 million - staff, devs, partners
- 10 million - affiliates
- 5 million - shareholders
ICO details
ICO terms
- Starting on 8th of August
- Purchase methods accepted: Ether
- Contribution period is 30 days
- Hard cap is roughly 38 million USD
- 1ETH = 600 COSS Tokens
- Bonuses for early purchases based on date
Roadmap
Roadmap
- https://coss.io/ico
- Crowdfunding - Finance your new idea or just help other get financed.
- Pre-paid credit cards - Order your MasterCard branded credit-card and start depositing featured cryptocurrencies on it.
- Smart-contracts - Sign legal-binding contracts with partner companies or just incorporate a new company.
- Remittance - International money transfer made easy through cryptocurrency adoption
- 3rd-party plugins - 3rd-party blockchain start-ups that can offer innovative features
Similar projects
- Payment gateways and merchant tools : for example coinpayments.net or gourl.io - COSS is trying to do more with entire ecosystem and their own cryptocurrency
- Exchanges - Coinbase, Kraken, Poloniex - COSS trying to reach broader market by covering more solution for entry level users
Similar projects
Advantages
- Very ambitious with plenty of features planned
- Pretty unique and needed since it's covering everything
- Detailed whitepaper, business plan and road map
Conclusion
Disdvantages
- Might be too ambitious because it's trying to do everything and sometimes specialising is better
Verdict
VERDICT
- 8/10
- Personally I love this project because I feel like something like this hasn't been attempted before.
- COSS are trying to do one platform for all of your crypto currency needs. This might help with broad adoption of blockchain.
- Might be too ambitious though?