On the rare occasion I will mention a crypto to my younger sister who doesn’t follow the space closely, but does enjoy holding small amounts. I first recommended her Antshares (now NEO) when it was around the $6/$7 mark, she bought 10 NEOS and has been ecstatic with the returns. Being the older protective brother, I only recommend cryptos to her that I think are rock solid or, if there are risks, have the potential for moonshot returns. Just recently I told her about the COSS ICO (https://coss.io).
So what is COSS?
COSS stands for Crypto One Stop Solution. The COSS ecosystem consists with a active exchange along with a payment gateway for merchants. Unlike most ICO who are just starting development, COSS is already a fully fledged and functioning product with a list of future integrations that are both exciting with great potential in the crypto space.
Why am I so bullish on COSS?
I don't think I’m bullish in the respect of NEO type gains, the thing that excites me most about COSS is the revenue sharing model. Let me elaborate; every trading pair on the exchange is charged with a small fee per maker/taker. So lets say you sell DASH for BTC and the trade is filled. 50% of the fees generated in DASH and BTC are placed into a DAO and distributed to the holders once a week. With this model you will not only earn dividends, but these dividends will be paid in a multitude of cryptocurrencies.
OK let me get crazy for a second :P
COSS currently have 21 different cryptos on the exchange, some of these currencies are dividend yielding coins: TaaS Fund / Digital Developers Fund. Just by holding COSS tokens, you are earning dividend coins that will then earn you coins! Epicness...
But the dividend yielding mechanisms don’t stop there
The COSS merchant payment gateway allows for website owners to sell goods and services in any of the currencies listed on the COSS wallet. Once again 50% of the profits from fees are distributed to holders in the chosen payment currency.
But wait... there's more
COSS will implement more revenue generating systems as time goes on. The roadmap has a list of crowdfunding initiatives, credit card facilities and 3rd-party plugins.
The COSS Team
The COSS team have a vast array of technical and business experience in many different industries. From personal experience they are also very efficient; I contacted the team when I located a potential client lead for their merchant payment gateway. I got a reply almost immediately from Rune (Co-Founder) who immediately followed up on it. This says to me the team is open to suggestions which will take them a long way.
Whitepaper (Current at the time of writing)
https://coss.io/documents/coss-whitepaper-v3.pdf
So in conclusion, both me and my little sis are in on the COSS ICO, we are both excited about this project and will be holding long term.
Thanks for reading awesome peoples.
[Disclaimer: please do you own due diligence when investing and don’t solely take my point of view as the only angle. I highly recommend everybody dig through the projects bitcointalk, reddit and team linkedin profiles to help formulate your own opinion – I thank you so much for reading and wish you successful dividend returns]
Ryan Jorgensen | Stock Photographer | Blockchain Nerd
Twitter: @CryptoDividends
Website: http://jorgo.photography/
Crypto Dividends focuses on the niche blockchain business models that generate passive income without the need to sell or speculate. We seek to discover and promote the best dividend yielding cryptos.
great article!
contacted you via twitter already, as dividend focused investors are still very rare in crypto... think we should talk :)
Thanks for the kind words Ash, will be sure to check and reply to your twtter msg ;)
This is such a cool idea, and something I could totally get into. I love passive income from investments, and this sounds like a great opportunity for investing in crypto.
Now if only UK banks weren't so suspicious of the cryptocurrencies...
Yep agreed fiftysixnorth
Great article. I knew about Coss and invested since.the beginning with a 15% bonus and very much look forward to it. Followed you and upvoted.
Thanks jlanzago, so am i. Cant wait till the day of token swap.
Yes, I'm very exited too , its very strange that there is no much hype around it , but to me after after reading the white paper and checking that they are based on Singapore I saw the big potential.
What I like is that is somehow centralized , I know is against the idea of decentralize currency but in order for the masses to get into cryptocurrency ironically a centralize entity is needed.
Adding to you post is not 50% of all the transactions, is the transaction fee that they are going to charge , to be clear they will give 0 fee for a bitcoin transaction as there is already a fee , so they can't get a commission over that amount but they will charge over things like the POS. Its great , I invested what I could first day too, however I wish I could invested more. I hope the best for the platform.
I am also perplexed as to why there is a lack of noise being made around COSS. The pillar project (PLR) which is a similar wallet type product got crazy hype yet it offers investors nothing but speculative risk. I'm exactly like you and want to get more, but no liquidty in my folio :P haha. My plan is to buy more when it hits the exchange. Thanks for your message [upvoted]
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Can anybody tell me where i need to store my coss coins in order to get dividends. is it on the coss platform itself or do i need a wallet for it?