Review - COSS Crypto One Stop Solution
In current days the adoption in Cryptocurrencies by way of the buyers, marketers, clients increasing heavily. Cryptocurrencies offering a better answer than the traditional system in terms of payments, privacy, protection, value and many more. due to this large benefit all of us want to contain in the new market advanced with Blockchain technology.
The structure of Cryptocurrency has revealed new technique in the direction of conventional finance gadget and unveiled new possibilities to marketers , industries and startups by way of adopting them, that are,
- legal and financial transactions with the aid of putting off middleman.
- money transfers are finished in more cozy manner and it protects completely the person records.
- get admission to to global economic device with any tool connected to internet.
- decreasing considerably in transaction charge.
- eliminating absolutely the threat of inflation.
at the identical time in parallel the requirement to offer a higher fee answer is essential due to massive adoption in E-commerce and Smartphones. In 2015 itself the cashless transactions, at the move payments , cellular payments approximately to 39% of e- trade income in uk. among 2015 to 2018 the global e-trade spending is predicted to attain 56%. within the US, the mobile price enterprise is predicted to reach seventy three% in 2019. With this boom in call for the charge processing firms need to make sure the safety measures and checkout, fee processing are optimized.
despite massive opportunity in payment machine the existing infrastructure is did not provide a solution and to solve this Cryptocurrency is the one and handiest option to offer an answer for the payment device. but due to poor adoption in Cryptocurrency nonetheless the hassle stays. This hassle arises because of lack of ease of use, tough terminologies, fluctuation in costs, Governance are preventing access to average net user to access the Cryptocurrencies.
to meet this problem COSS platform want to provide a strategy to average consumer as Crypto one stop strategy to offer uninterrupted and seamless all Crypto related services in a single region.
COSS Platform is self funded challenge with already current following modules.
- fee Gateway
- A trade
- merchant listing
- marketplace cap scores
- E wallet
- information feed
COSS platform need to offer an ultimate answer via which include every new characteristic in time through getting into new strategic partnerships, mergers and acquisitions with new Fintech organizations those are having developing ideas to reach mass marketplace. COSS has already entered partnership with few businesses.
COSS platform want to introduce new feature referred to as clever agreement as a service (SCaaS) to the organizations to provide an included automated solution for his or her enterprise operations.
The SCaaS consists of the following offerings like
Crowdfunding, peer to look investment, healthcare, Escrow, coverage, vote casting and many others.,
The COSS platform want to end up DAO(Decentralised self reliant enterprise) in near destiny. DAO method a Self governed organisation going for walks with pre decided pc code or programme without any human involvement. With this development there'll now not be any unmarried factor of failure. COSS is supposed to provide a continuing experience to mass marketplace.
The most important COSS applications are
1. The center application
It consists of all control equipment for registration, login, password reset
2. Payment Gateway
service provider gear that facilitates to integrate
merchant Cryptocurrency price in their websops.
3. Trade
helps most tradable Cryptocurrencies and allows COSS users to vicinity order and swap budget from deposits in COSS balances.
COSS will have 3 type of wallets to provide full security for the user funds
1.Hot Wallets
These wallets are used only for deposits and withdrawls and for Blockchain transaction confirmations.
2.Warm Wallets
These wallets are used to store the funds who are likely to do trading frequently. No User has access to server directly because the wallets are encrypted.
3.Cold Wallets
The main funds of COSS account holder will be stored in these wallets.
These wallets are stored on air gapped PCs in the COSS office in Singapore.
The Wallets in COSS Platform works as mentioned below
The Payment Gateway in COSS platform works as mentioned below
COSS platform want to create environment for Crypto Industry.
As I already mentioned COSS platform is self funded entirely but due to huge adoption is required in adding new features to the platform it need funding and that will provide new opportunities to the people who contributes in COSS vision.
So, Now COSS want to introduce it's token called COSS Token for Crowdfunding. It is a revenue sharing Cryptocurrency that enables owners to receive revenues from the transaction fee charged by COSS platform.
50% of total Exchange transaction fee (0.2% - 0.04%) and payment gateway fee (0.75%) distributed to COSS token holders.
COSS consists of International team and Advisors from Blockchain, Finance, Software industry and many other industries. The managing board based in Singapore.
The Crowdsale details
The crowdsale starts on August 7th 2017 and it will end on September 6th 2017
No of Tokens available for sale : 130,000,000 COSS
Token rate 1 ETH = 600 COSS
The Bonus Structure
To contribute in Crowdsale visit: https://coss.io/ico
To know more about COSS project download whitepaper from https://coss.io/documents/coss-whitepaper-v3.pdf
@Ed: https://bitcointalk.org/index.php?action=profile;u=1100333
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