Month ago I wrote article about COSS - https://steemit.com/cryptocurrency/@cicbar/coss
I have invested in COSS and i want to share my experience after few months of holding COSS token.
If you hold COSS token, as holder you will receive share of profit from the https://coss.io/
COSS
COSS is token that on a paper looks great. It will keep share percentage of 50% forever. In the future it will share fee from Coss payment gateway and Coss merchants. This month fiat deposits should be implemented.
Future looks bright if all promises are realized but present is far,far from that...
First of all, beside all effort that Coss team is giving ,exchange volume is not growing. It is around 1 million USD with some daily jumps to 2-3 million USD. If they realize fiat deposits implementation this month we could finally see some some real volume growth.
Most of trading volume comes from COSS trading pairs. You can not buy all top coins like NEO, XRP, IOTA, ADA... From top 10 current coins you can trade only 5: BTC, ETH, LTC, BCH and EOS. Their plan is to raise volume with small cap coins.
I don't like that and beside not being able to trade best coins at market, you are receiving fee split from dozens of useless small cap coins. Maybe some of them will become successful but most of them will not, so you are basically receiving worthless coins.
Fee split is paid only in ETH based coins so if you receive fee from BTC trading, you will not get BTC, you need to convert BTC to ETH to receive your fee split.
Worst thing is that you need to pay fee of 0.001 ETH to transfer fee split to your wallet. With latest fork of COSS that happened at 4.3.2018. fee decreased from 0.002 ETH to 0.001 ETH. This is is still incredibly high, because you are basically receiving dust. To reach amount more than 1 USD, which is fee transfer price, you should wait for a long time.
At moment here is how much you can earn from holding 1000 COSS:
Total current monthly earnings from holding COSS is around 2 USD from all different coins and you have to pay 1 USD to transfer just one coin... Terrible... Even if you hold larger amount of COSS, for example 10000, you still wouldn't be able to transfer monthly earnings to your wallet at profit. Yearly yield of 4.71% is not correct because it doesn't count 0.001ETH fee that you have to pay to get your assets. With this fee included in calculation, yield would be almost 0%.
After all that I wrote, obviously my investment at moment is very bad but I will not sell my COSS tokens. If you want to earn quick money or if you want some investment that will give you reasonable passive income then COSS is not for you.
I have invested in future and if they fulfill all promises then my investment will have sense and price and dividends of COSS will grow lot. I have invested amount of money that I can afford to loose so present situation is not problem for me.
I am patient guy and I my plan is to forget about this tokens for few years and then we will see was my investment good or bad.
This is not investment advice, this is only my opinion and if you want to invest in COSS you should do your own research.
The COSS token is 100% security according to just about every American, EU and Asian law. So...there's not way that token will ever get listed on any major exchange.
It sounds good on paper to get 50% of the revenues, but they can't legally do that without going thru the proper channels.
My 2 Satoshi.
Because of fee which I don't like that you need to pay to get fee split from COSS, this 50% revenue shearing is legal.
You got a 45.05% upvote from @passive courtesy of @cicbar!
Thanks for the info! Followed and upvoted!
Would you say COSS is a better long term coin to hold over something like Kucoin Shares?
Kucoin shares are better at moment but long term in my opinion COSS is better. Kucoin shares fee split percentage will be lowered from 50% to 15% in the future plus COSS will have fiat deposits, payment gateway and merchants in the future.
Very true! I have also found Kucoin shares can be somewhat unreliable with their supposedly ‘daily’ payout. Definitely like the idea of fiat deposits in the future too. Will definitely have a serious look into it! Cheers @cicbar
Thanks for sharing, definitely doesn't seem to be a great dividend generating coin
Seems interesting
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I was going to invest in coss, but after some research i figured out that kucoin was better and cheapper, but thats just my oppinion!
At moment you are right but soon Kucoin will lower their payout from 50% to 15% and then is different story...
just be patient. the sunny days are on the entrance. 👍
That's pretty cool to know thanks for the tips by the way :)
I think that it's time to deal with this matter, because you also had a post about COSS before. I think that it has a future, Well, in general, I think that we should deal with these programs. If everything goes well for us it will be very good But if something goes wrong we do not lose much
good publication for the few experts on the subject. I will keep myself informed, maybe I can venture into it and get benefits. I vote for you
I invite you to read my last post and vote. I would love to have your support. Thank you.
What is the current price of COSS coin? How much amount do you recommend to invest initially on COSS?
I don't recommend anything, I am not financial adviser. If you ever invest in crypto, never invest more than you can afford to loose...
@cicbar, you gave me the usual but best answer. Given the fluctuating market trends, even the financial advisor would be of the same opinion. You ate going great. Keep it up!
Always helpful informations 👌🏼
cryptocurriencies are the future.
your article was so good brother. always stay with you
so nice content my friend.
thanks for the inside look on Coss. I had spent months pondering on investing in it and you post helps a lot. Can you post link to Coss calculating earnings? Thanks!
https://www.cosscalc.com/
You welcome :-)
This program looks very interesting. I also read your previous post about COSS, Well, honestly, I was not very interested then, but now I think it's time to deal with this matter
Hi. I liked your post, keep it up. I wish you good luck and have a good day. :)
I brought coss about a month ago and I haven't seen a deposit yet. I thought they give out dividends weekly or am I mistaken?
Where does it show they made a deposit?
At dashboard. If you hold your coins on COSS you don't have to do nothing else to receive fee split.
Thank you my friend, it was very nice. I am proud to you.
Good news my freinds..
Your posting so very usefull..thank my freinds
Interesting article. By holding 1000 COSS, is it staking?
Yes, if you hold them on COSS exschange wallet. You don't need do lock them like BCO.
good that post you.
I had a cat named coss, its like if i invested in my cat
I think that there is more investment potential in decentralized exchanges, which are the natural evolution of concurrency trading, especially when governments really start to crack down on how much tax every crypto owners owes. Decentralized exchanges are more anonymous and have less security vulnerabilities than centralized exchanges and less fees, delays during peek times.https://steemit.com/cryptocurrency/@sandwichbill/decentralized-exchanges-will-be-the-natural-selection-of-cryptocurrency-trading-here-s-some-you-can-invest-in
Agree. Currently DEX have low volume and no mobile app so it is better and cheaper to trade on Binance or similar exchange. If they become more competitive with lower fees and better user experience, more people will switch on DEX.
Has it been confirmed that kucoin will drop their payouts to 15% ?
Nice article btw
Thanks. Yes it is confirmed. They said that they will never go lower than 15%. It will probably not be lowered immediately to 15%, I believe that it will be lowered in a few steps...
very helpful informations ;)
Hey @cicbar, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! :)
whow! this article is incredible!!! nice work
COSS is one I have not looked into.
After reviewing your data"Total current monthly earnings from holding COSS is around 2 USD from all different coins and you have to pay 1 USD to transfer just one coin... Terrible... Even if you hold larger amount of COSS, for example 10000, you still wouldn't be able to transfer monthly earnings to your wallet at profit. Yearly yield of 4.71% is not correct because it doesn't count 0.001ETH fee that you have to pay to get your assets. With this fee included in calculation, yield would be almost 0%"
I believe this to be a long term investment. I will do some detailed research and see what I truly think about this coin.
Are you still a fan of COSS???
I am still fan. If they fulfill thier goals this token will do well.
I plan to invest $1000 on COSS and hold for the long term. Thank You for your reply and letting me know what you think about COSS. Have a great night.
The picture changes alot if the daily volume goes to 50m! : )))
Agree but with ton of shitcoins and without having all major coins, will be very hard to reach 50M.
I agree hope they are listening! I hear NEO is coming.
Exactly volume is a game changer!
Hi I have registered, hopefully there are advantages for me and all who have joined, thank you. Regards!!!!
@cicbar
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