Next week is a huge week for COSScoin. The exchange launches its CFT coin which is the exchanges version of Binance's BNB OR kUCOINS KCS. This is great news for the exchange because normal COSS holders can use the coins for cheap trading fees, voting rights and airdrops. This works even more for the user because as the CFT is used for lower fee's the user ends up getting more in the weekly fee split allocation so it is a win win in the user's eyes.
COSScoin is currently at 7 cent. A steal in my eyes. It peaked at €3 a coin in December 2017. The team in Singapore have been working quietly in the background to upgrade the exchange. They are working on an exchange (COSS 2.0) which will be more powerful than Binance's current exchange. Even today their exchange is a world away from what it was last year and it makes me want to trade on it.
So what sets COSS out from the rest. Each week the exchange gives 50% of their fee's back to the COSScoin holders in the form of the crypto currencies traded. So over the past year I have been receiving all kinds of crypto into my FSA wallet. I then can convert to ETH or keep that coin. So when a new coin hits volume on the exchange I receive a portion every week. A good past example was when ENJ hit the exchange. The Samsung rumours made it rocket and volume was high so I started receiving a nice amount of Enjin coin weekly into my Fee Split Wallet on COSS.
The advantage of this is there are some shitcoins I am holding from the FSA that I never heard of but to me they are free. Some of them may moon soon which means I make a nice profit for nothing. What exchange gives you this I ask. Kucoin is the closest rival but Their fee split is not 50%.
With API now up and running and volume hitting 11 million on the exchange recently, I am very optimistic about the future. COSS also publish bi- weekly updates on medium also. The boss man Rune is on telegram frequently answering any queries that may come up so there is a transparancy there not on other exchanges.
In my opinion this coin is a steal right now and I will see it making strides in the coming weeks.
Disclaimer.
This is not financial advice.
