COSS : Platform Offers Multiple Crypto Services in One Place

feri-ginanjar (42)in #cryptocurrency • 7 years ago

WHAT IS COSS ?

COSS stands for Crypto-One-Stop-Solution and represents a platform, which encompasses all features of a digital economical system based on cryptocurrency. The COSS system consists of a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet,
various coin facilities and a mobile platform. The COSS platform unifies all transactional aspects that are usually managed by means of FIAT money, and offers multiple cryptocurrency-related services in one place. The list of potential features of the platform can be infinitely extended, and will continue growing as the platform evolves.

MISSION

The main goal of COSS is to bring cryptocurrencies to the masses. What COSS aims to cater to its users is a complete experience of accessing the available cryptocurrency services and products in the same place. From the very first moment a customer decides to use cryptocurrency he/she will be guided through the platform and its features. Protected from any unwanted negative experience, the user will continuously find the new possibilities to use the platform and to interact on it. By means of this integrative approach to virtual currency services, the platform aims to become the most preferred medium, familiarizing the COSS customers with the cryptocurrencies and the ways of using them. For this purpose, the COSS platform is equipped with its own token, a wallet, an exchange, a merchant platform, payment gateway / POS and a list of features that are closely related to the use of crypto.

VISION

The COSS team is visionary in the way it approaches the development of the
Crypto-One-Stop-Solution. On the track to massive cryptocurrency adoption we do not allow the limiting belief systems to interfere with the development of the COSS platform. We accept the changes that the rapidly-evolving technologies bring, and welcome innovation on any and every level. We plan our success with determination and implement it into our strategy that implies the following steps :

providing for all the cryptocurrency users’ needs via one-stop-solution services.
rewarding users for bringing new merchants and affiliates on board.
establishing a marketplace, where cryptocurrency users and merchants can meet each other seamlessly.
issuing tokens with real value.
expanding the network of customers by providing the high-quality services.
enhancing the security of the system.
adopting the disruptive innovations.

ICO Details

The COSS token is an income-generating cryptoconversion, developed in Ethereum public Blockchain as an ERC20 token, which allows its holders to receive revenue in the form of transaction fees charged by the COSS system for cryptoconversion transactions. COSS has the nomination COSS and has 8 digits after the decimal point (for example, COSS 0.12345678). By using the ERC20 standard, we allow the coin to be stored and transferred to and from many compatible ERC20 purses.
Payment structure: According to the company's bylaws, each week 50% of the transaction fees collected by COSS through the payment gateway / POS and exchange of encryption will be distributed to the COSS chip holders.

Point Of Sale Application

The Point-of-Sale (PoS) application is the gateway between the crypto world and the real market. You can start accepting crypost payments even if you are not a website, just by installing the app on your device.

The PoS app is available for Android (on Google Play) or as a web-based app (for iOS and other devices).

Past industry trends, present and future

Bitcoin was created by Satoshi Nakamoto in 2008. Soon after, it became the world's most decentralized crypto, which introduced a large number of new solutions to existing electronic payment systems.

Thanks to Bitcoin, major banks, corporations and governments are beginning to recognize the great value of cryptocurrency technology: a decentralized peer to peer ledger, blockchain, a new way to approach security and anonymity, which has spread to various fields. The fact that cryptococcus is resistant to censorship and is very difficult to shut down by a centralized institution or entity has increased the amount of trust one has in this technology.

The crypto design model has crucially revealed that the traditional financial institution approach (eg banks) to payments is becoming obsolete, and has launched new possibilities for individuals and organizations that adopt them, such as :

Facilitate monetary and legal transactions that eliminate third parties.
Transfer money in a more secure or completely anonymous way, protecting the user's personal data.
Access to global banking and financial systems with devices connected to the Internet, thus improving the quality of life of users.
Avoid substantial transaction costs, such as those charged by credit card companies and centralized payment processors.
Reduced inflation risk and risk of price speculation of a cryptocurrency.

Cryptocurrencies have resulted in a technological revolution in banking, similar to one Internet and email ever brought thanks to blockchain technology. Bitcoin has become the first use case of blockchain, although it has not gained much attention until 2015, when the innovation has undergone a remarkable re-evaluation in many industries, becoming one of the most discussed topics at Fintech and the IT community. In a short time a large number of blockchain applications, often referred to as decentralized applications - or dAPPs, have emerged.

The cornerstone of blockchain is a decentralized nature independent of the control and / or influence of one person or entity. Instead, the system is run by a computer network, and the data stored in the blockchain is distributed among them. The distribution helps complete data storage and security issues, ie everyone has access to data, but nobody has it, and can not change it without each network participant being informed of the change.

Another example of a blockchain application is a decentralized autonomous organization (DAO) which, according to forecasts, can be one of the most disturbing innovations after blockchain and cryptocurrencies. DAO is considered as a new form of legal structure, in which management and control are carried out using intelligent contracts, called self-implementation agreements on blockchain.

The number of blockchain applications is increasing and evolving further from the domain of cryptocurrencies to other industries such as administration, accounting, real estate, data storage, and so on. The illustration below highlights the growing number of Blockchain application users by segment :

Despite its increasing popularity and widespread dissemination, the existing cryptocurrency platform is currently limited to a small number of services and products. However, the use of this platform is directly related to some applications, which need to be run intermittently in order to use emergency crypto, e.g. Buy, sell, exchange, spend, trade, fund, donate or invest. Therefore, regular payments in cryptocurrency take a long time to switch between these applications and to complete a long registration process on each site before being granted access to its functionality. This results in an uncomfortable user experience and poor adoption of digital currency among the masses. It also explains the growing need for user-friendly products and services, such as the one-stop-solution platform. Large organizations, including Big Four companies, and technology companies, are now looking for ways to develop such products and solutions.

COSS TOKEN

COSS is a 100% funded project that does not rely on external investments before and after its launch. The new and highly expansive developmental arches imply that launching the original token to a platform will provide investment opportunities to people who have COSS vision and believe in potential projects. The token name is COSS.

The COSS Token is a revenue-generating crypto, which enables the owner to receive revenue in the form of transaction costs imposed by the COSS system for cryptococcal transactions.

The revenue is transferred to the COSS token holder wallet every week. Interest is generated by transaction costs when Bitcoin, Ether, and other COSS-supported transactions are performed on the exchange and / or via the POS / Payment Gateway.

The platform generates revenue from three sources :

Withdrawal fee :

Cryptococcal withdrawal fees generate revenue for the platform, but most of the cost used by the network to process the withdrawal.
Throughout this process, no direct revenue was generated, meaning that no amount of withdrawal fees were shared with the owner of the DAO tokens.

Stock exchange transaction fee :

The COSS uses a dealer cost-creation scheme, which generates pure income for its form. Charges are charged from both members of the trading partner.
Fees start with 0.2% of take and taker costs, and end up at 0.04% derived from transactions;
50% of this revenue is shared with the owner of the DAO tokens.

Payment gateway :

Merchants who sell goods through a payment gateway or POS create revenue for the platform.
The COSS merchant platform operates at a cost of 0.75% of each transaction.
Costs are generated in the crypto used for the transaction. The costs generated in both cryptocurrencies are traded in a pair. In the case of FIAT pairs, only the amount paid in crypto will be distributed to the token holder.
50% of this revenue is shared with the owner of the DAO tokens.

COSS Token Swap (ICO)

The COSS Token will be available for exchange during the Token Swap (ICO) campaign which will take place in August 2017. During the Token Swap (ICO), a total of 200 million COSS tokens will be released, and will be redeemable at: 1 ETH = * Token COSS.

Revealed on July 10 before the start of Fire-Swap (pre-ICO).

Timeline COSS Token Swap:

July 10: FIRE SWAP (Pre-ICO) (25,000,000 COSS Tokens available)
Invite strategic partners with a minimum buy-in of 50 ETH + 25% COSS Tokens bonuses. Swap Fire will last for 72 hours.
July 13: End of SWAP FIRE
August 8: The official start of the COSS Token Swap (ICO) with a total of 130,000,000 COSS Tokens available:

Day 1-5 = 15% Bonus Token
Days 6-10 = 10% Bonus Token
Day 11-15 = 8% Bonus Token
Day 16-20 = 6% Bonus Token
Day 21-25 = Bonus Token 4%
Day 26-30 = No Bonuses

September 6: End of Token Swap
The Swap Token expires, except the number of previously sold tokens. Visit ico.coss.io for more details on the COSS Token Swap.
20 September: Release and official start of COSS Token trade.

The ICO-Fund Distribution Plan is as follows :

50% - IT Development, User Experience, Road Completion
25% - Mergers and Acquisitions
10% - Marketing Plan
10% - Operation
5% - Shareholders, Board of Directors, Advisors

Official COSS Token Swap (ICO) trailer

Road Map