The COSS Token Swap ICO is coming to an end on the 6th of September 2017. It has been noted that hundreds of cryptocoins that are in the markets may fail to take off effectively due to the whole process that is involved in creating the coins and trading them. COSS, which stands for Crypto One Stop Solution aims to bring this to an end. Many a time, founders who launch cryptocurrencies in the market may not have the technical expertise to carry out the whole project. This has resulted in the loss of potential customers and so the cryptocoins end up being sold at low market prices. What COSS does for startups, owners and crypto owners is that it offers them a one stop solution for offering their cryptocurrencies. This in turn develops the whole industry and also exposes the cryptocoins to mass adoption.
SERVICES OFFERED ON THE PLATFORM
At the moment, the platform will be primarily used as a focal point for interested individuals and organizations to launch their cryptocurrencies. They aim to do this by providing all the necessary resources to the creators of these tokens and the projects that go along with them, all under one roof. They also have reward features that are going to be offered for people who bring on board new merchants into the service. The platform will also be involved in the creation of a marketplace for both merchants and users of the crypto currencies. The site also offers tokens that have real value.
In the near future, some of the other products that are going to be developed by the platform include SCaaS — Smart Contracts as a Service. DAOs (Decentralized Autonomous Organizations) is yet another product the platform intends to incorporate in the near future, to ensure complete democratization of the system, with transparent resource management.
REVENUE SHARING THOUGH DAO
Once the project starts, fees will be generated from the cryptocurrencies that are going to be listed on the exchange. The revenue gathered in the process will then be equally shared between the holders of the tokens and the COSS.io. The sharing of the fees will be done on a weekly basis using DAO (Decentralized Autonomous Organization).
To take part in the token swap, users need to log in to the site and then register for the Token Swap. Fill in their details and verify the associated email. Following the completion of the registration process, they can login to the portal and contribute.
The total amount of COSS tokens is set at 200 million, where the value of 600 tokens is equivalent to that of 1 ETH. Participants can purchase the tokens for as well as 0.01 ETH.
More information about COSS Token Swap is available at – https://coss.io/ico