COSS is a partly Singaporean and partly Romanian run exchange that is built in a similar way Binance is built in that it has conducted its own ICO and has its own native cryptocurrency with which its users help in covering their transaction fees. COSS is not any typical exchange as it can only be explained with its apt name, the Crypto One-Stop Solution, in that it offers a number of services with more coming online covering almost every facet of cryptocurrency use from trading, merchants to wallets and so forth. COSS seeks to be the go-to place for anyone trying to move their cryptocurrencies, or businesses looking for a payment solution provider with experience in the crypto world.
Features
COSS has a plethora of features which makes it stand out as an exchange, some of which include:
Payment Gateway: COSS is not a mere exchange where one can buy and sell different kinds of cryptocurrencies in day trading, it also follows up in providing a payment solution for businesses who are interested in accepting crypto assets as means of exchange for their goods and services. With most people having little or no knowledge of the crypto markets, COSS seeks to become the gateway through which businesses accept and verify their payments much like the way PayPal works. So in the future one could click on the “Pay with Crypto” button on a merchant’s site instead of card option that is presently there.
Profit Sharing Platform: One thing that definitely stands the COSS platform from every other exchange in the industry is the fact that it offers its token holders the chance of getting 50% of whatever profits it makes from the trading of crypto assets on its platform. This unprecedented profit sharing formula is one of the key points that its backers hope will ignite the interest of people in the platform and hopefully drive up the use of the COSS token.
A Prepaid Card: One of the future plans of the COSS platform is to provide its uses with the option of having an even more convenient means of accessing their crypto assets by using prepaid cards from Master Card and Visa. COSS hope that the use of a Pre Paid card will both protect the privacy of the user as the crypto world already does, as well as give them even greater accessibility to their assets than what is presently possible. With the Prepaid cards, users can easily shop anywhere or simply withdraw in fiat without hassle from any ATM in the world.
Downside
COSS is not an old player in the cryptocurrency exchange business, in a niche where reputation is everything. COSS’ biggest strength might also turn out to be its weak point as some are of the view that incorporating so many services under a single platform might distract the platform form perfecting its arts in any single service. Also the exchange is yet to experience any real challenge yet from hackers due to its newness, and as such its security preparedness is yet to be accurately assessed.
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