COSS Weekly Volume Report: Week 1 (June 4 to June 11)
Hi all,
Since a while I have been tracking the volume of the COSS exchange, by scraping the volume of all the pairs directly of the COSS website itself. I've been playing with an idea to write a summary report of the trading volumes on the exchange. This is my first try, let's see how it is received ;)
Overview of Volume
Average Total 24h volume ($) for this week was 2.880 M, with a maximum of 4.672 M and a minumum of 1.196 M. Total trading volume over this week was 19.876 M.
Average 24h volume ($) for the ETH-BTC pair was 20,954 $.
Average 24h volume ($) for the FIAT pairs was 10,655 $.
| 24h Volume ($) | Avg | Max | Min |
|---|---|---|---|
| All Pairs | 2,880,428 | 4,672,892 | 1,196,288 |
| ETH-BTC | 20,954 | 65,623 | 2,878 |
| FIAT | 10,655 | 20,682 | 1,562 |
Fee Split Allocation
This week's snapshot for the Token-Based Fee Split Allocation was taken at Ethereum block 5769166. The FSA USD value per COSS was 0.000096634311 $.
The total fee split allocated is then 0.000096634311 $ times 98,283,923 (the amount of COSS eligble for FSA), which amounts to 9,497 $. This is also the revenue made by the exchange for this week. Based on these values, we can also estimate the average trading fees for this week: total fees collected/total weekly volume = 18,995 $/ 19,876,052 $ = 0.096 %.
Promos
This week, three promo's ended (CRED, LAN & FXT), resulting in the peak volumes in the first few days of the week. At the moment, there are 4 active promo's (PGT, BWT, XNK & UFR). In the future, I will probably also give an overview of the contribution of promo volume to total volume, and analyze the performance of said promo's. However, not much time today ;)
| Trading Promo | Status | Start | End | Prize Pool |
|---|---|---|---|---|
| UFR-UPFIRING | Active | May 30 | June 29 | 280000 UFR |
| XNK-INK PROTOCOL | Active | May 30 | June 29 | 1000000 XNK |
| BWT-BITTWATT | Active | May 28 | June 27 | 500000 BWT |
| PGT-PUREGOLD | Active | May 13 | June 12 | 250000 PGT |
| FXT-FUZEX | Ended | May 10 | June 8 | 560000 FXT |
| LAN-FREELANCER | Ended | May 8 | June 6 | 500000 LAN |
| CRED-VERIFY | Ended | May 7 | June 5 | 200000 CRED |
Community Initiatives
Finally, I want to take the chance to point out another community initiative.
CELT Bot: Spielley's bot that reduces the spread of all the pairs on the exchange. You can buy CELT tokens to provide liquidity to the bot. Value of CELT increases week per week, so if you want to support the COSS exchange, go for it.
More information on the CELT steemit:
- Introduction to CELT and how to buy it: https://steemit.com/celt/@spielley/the-cossening-celt-launch-and-how-to-get-and-sell-them
- Last weekly update: https://steemit.com/celt/@spielley/the-cossening-6th-celt-update
Suggestions, Remarks, Questions
If you have any suggestions for future content, remarks on possible wrong calculations, or questions related to this report, feel free to ask. You can contact me cossvolumereport[at]gmail[.]com or on the COSS telegram (@ Ghyger)
Happy aCOSSmulation!
Double G