I became interested with exchange coins when I jumped on Kucoin at the right time. I like to see what I am investing in so I started using Kucoin. If you held their coin you would get a % of the trading fees in every coin they held on their exchange. This appealed to me because I wanted alot of coins on their exchange such as Red Pulse, Deep Brain Chain and THEkey so I was going to kill two birds with one stone. I jumped on it buying 10,000 40 cent. I doubled my investment when it went to 90 cent. I am a pretty disciplined stock trader. My degree is in fnance. I normally wouldn't let it go so much but once it hit 200% , I cashed out happy I made the investment. I made a couple of grand and I took the missus out for a meal. Then something happened. The bull run in December. Kucoin went to $1. It reached it's top i thought to myself. Kucoin smashed its resistance. The coin reached $20.16.
Thats itched in my memory, that stupid figure. $211,600 to be precise. You win some you lose some. Anyway after this I started selling the trons, verges , iotas and cardanos and started getting into the exchange coins such as BNB, Zero Ex, WIX, Bitshares , Cobinhood and a little known exchange called COSS. (Crypto One Stop Solution.)
Now the crypto world were convinced that COSS was a better exchange than Kucoin. COSS give 50% of their trading fees to their COSS coin holders just like Kucoin. The only difference was that Kucoin was going to lower their allocation to 20% as the exchange grew. This meant that returns would be lower. COSS's whitepaper did look better also so I bought some of these and I threw caution to the wind. I purchased at $1 dollar and it went to $3 but then the crash happened and it fell hard. I had too many to sell so I decided to wade it out until the next bullrun. Lots of exchanges stood still. The guys at COSS are hiring.
So what have they done. They now have a US dollar gateway so you can now take out the middle man. Euro and British Pound are coming soon. Once you do your KYC process it is simple and easy and more and more USD / Crypto is being launched on a monthly basis.
This week was the big one and they have finally launched their API. This was what we COSS holders are all waiting for because it will finally bring volume to the exchange. With volume comes fees, and with fees come crypto into my wallet.
I will just give you an idea of this project. The volumes right now are minute but if COSS starts trading the same volumes as the likes of binance in the future then you will be in for massive returns if you hold their COSScoin. COSS calculator does the maths for you. SO at the moment COSS is trading at 8 cent. If in theory you had 10,000 of these bad boys (about 700 quid) and volumes increase to the same levels as bitfinex which is easily achievable during the next bull run then you are talking about a return of 3000 dollars a week. This is excluding the FIAT gateway or their commercial gateway which still has to be introduced.
COSS have big plans and they have hired a team of dev's to their Singapore headquarters to work on COSS 2.0 which will be more powerful than binance and is set to be released in December. Meanwhile the API was released ahead of schedule on the 29th October and 18 bots have started running on it which has increased the volumes and the price of the coin. They are also advertising at premiership football matches.I do not normally see crypto adverts on billboards in the UK & Ireland.
Chelsea vs West Ham with COSS on banner in background
With the long awaited API launched we will have to wait a couple of weeks until the large bot companies get up to speed before we see volume coming in and the price increasing but it is an interesting time to be a COSS holder.
☠️You know the story. I am not giving any financial advice blah blah blah.☠️
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