Firstly, I should admit that I'm not a fan of ICO's but COMSA token sale attracted my attention for a number of reasons. I will try to explain why I'm interested in COMSA token sale and how it differs from other ICO's.
What is COMSA and how it works?
We should bear in ming that COMSA consists of 3 main features: 1. COMSA CORE; 2. COMSA HUB and 3. Network Fee Delegation. Below is provided information about the every feature available on COMSA website:
- COMSA CORE pegs and controls tokens between the NEM, Bitcoin, and Ethereum blockchains as an independent service of Tech Bureau. It converts value among cryptocurrencies into pegged tokens with the total volume controlled.
COMSA CORE monitors incoming transfers of cryptocurrencies or tokens into a COMSA master account with the final destination details embedded in them. It then locks or burns that amount in the COMSA master account. At the same time, it also unlocks or issues equivalent cryptocurrencies or tokens on the corresponding blockchain and sends them to their final destination account.
- COMSA HUB is a software for licensed holders of mijin private blockchains to control token balances between master public blockchain accounts and internal private ledgers.
COMSA HUB monitors incoming transfers of cryptocurrencies or tokens to the company’s public master account with final destinations included in a message. It locks that amount in the company’s public master account. Subsequently, it creates the equivalent private tokens inside the company’s mijin private blockchain and sends it to the corresponding account.
When it detects an outgoing transaction by receiving an incoming transfer to the company’s private master account with the final destinations included in the message, COMSA HUB burns these tokens on the mijin private blockchain and unlocks the cryptocurrency or tokens on the public blockchain and sends them to the corresponding address.
- Network Fee Delegation. For an example of an aggregate transaction, let’s say Alice wants to sell 1 NEM:BTC for 300,000 NEM:JPYZ, and Bob wants vice versa, but they do not have any XEM. Now, Alice can request Zaif exchange for network transaction fee, by paying 0.00001 BTC. When all 3 parties sign the request, Zaif exchange pays 1 XEM for the network fee and receive 0.00001 BTC for that service. At the same time, Alice and Bob can swap those values without buying any XEM.
This new concept allows people to carry out most of the business transactions on the NEM public blockchain without even realizing the need to use the XEM native currency for the network fee.
The main features of COMSA are: 1. you can exchange Bitcoin Ethereum or XEM with other people via NEM network without buying or even knowing nothing about XEM tokens. COMSA allows you to do it fast and securely via COMSA core.
Secondly, financial institutions or private business entities can exchange assets via Mijin blockchain technology privately. It is a huge stimulus for blockhain adoption in business sphere.
COMSA is created for indivudal or private use cases but with a very attention for centralized businesses adoption. What I like the best is a broad use cases of COMSA:
TALENT DIGITAL TRADING CARDS
VR WORLD CURRENCY
IoT AUTHENTICATION & LEDGER
For more information please check here: https://comsa.io/en/usecases
COMSA provides soclution for future ICO's listings via its technology:
COMSA is not just a cross-chain controller and router. It is also a conduit for future ICOs that want to exist in the COMSA ecosystem. As part of the project, a COMSA team is now already in place to provide companies with consultation, expertise and solutions to support their very own ICOs and implement blockchain technology into their business practices, all at the same time, as a one stop solution.
The most important thing before participating in any ICO to consider is team and partnerships. It shows if people in the project are real professionals and specialists in the field and how they are ready to accomplish their goals via partnership with other entities.
COMSA team consists of Tech Bureau Executives, Legal Advisors and ICO Committee who are very experienced in blockchain technology. Connections with NEM is an important feature as NEM proved to be the best blockchain technology. Legal advisers will assure that ICO's via COMSA platform will correspond to legal requirements. Experienced advisories will push COMSA solutions towards worldwide adoption. All of them are not a new names in blockchain but having experience in this field.
Partnership is as important as team members. COMSA has established important partnership with many important entities for future use cases:
If information provided above convinced you to take a part in the upcoming sale of COMSA tokens, please follow a link to participate:
https://tokensale.comsa.io/?ref_id=67089995b4135d5c3f921d471799abb9