Currently we are in the middle of year 2017 where the era of financial technology is in the top position and can be trusted to ease the live of human being. It cannot be denied, with the presence of technology such as electronic wallet (e-wallet), payment gateway, mobile banking and etc, we can do our daily transaction activities without having to bother to come and queue at conventional bank office.
But talking about technology, we should also to talk about the development and improvement of technology functions that move very quickly and unstoppable. Starting from the simplification of the supply chain, eliminating the need of the third party, to the birth of the new money system in the form of electronic data to counter the hegemony of the central bank ruler as conducted by Satoshi Nakamato with Bitcoin itself. From Fintech, the world has slowly begun to move into another technological world of Blockchain.
Bitcoin as the initiator of the first cryptocurrency based on blockchain platform already launched to public from 2009, but some technology experts say bitcoin and other Cryptocurrencies will really exploded and known to the public around the year of 2019. Me as a writer and blockchain enthusiast want to say that the prediction of the experts may be true, because from 2016 to 2017, bitcoin prices continue to skyrocketed and cannot be denied that occurs due to the demand from the community continues to growing up.
However, the growing number of requests and interests in Bitcoin and other cryptocurrencies are still around technolgy fans or technicians themselves. There are still many people who do not know what is bitcoin and its function, therefore the real challenge that we face for the incoming year 2019 is about how to change the culture or habits of the people in general who originally use fiat money (IDR, EUR, YEN, USD) changed to use Cryptocurrency-based blockchain technology.
COSS - Answering The Challenges
The above challenge has been targeted and prepared by COSS (standing as Crypto-One-Stop-Solution), a company that registered and domiciled in Singapore which have a plan to build a platform to bring the Cryptocurrency to the masses adoption.
The presence of COSS is aimed at eliminating barriers to the mass adoption of cryptocurrency technology by providing easy access to the public in general to the Cryptocurrency technology, give the explanation to increase the awareness of the people regarding the benefits of Blockchain technology, and guaranteeing that’s by using this technology their assets will be safe from all form of interference.
Why is COSS it’s so awesome?
To be note, me as a writter performs a relatively strict filtering regarding what project I should write and analize. Not all ICO projects are presented and I only choose some certain projects that I think it can provde benefit for us and have a good promise for the future of human being, COSS is one of them.
The initial step of COSS, they will provide a unified, one-stop service platform whereby individuals on an individual scale as well as on a business scale can make transactions in the crypto world and blockchain technology, regardless of what experience and knowledge that users already know. All levels and all circles are expected to easily access this COSS platform without any further obstacles.
First, COSS will create core applications, applications and processes to make password changes.
Second, they will provide Payment Gateway, Point of sale and Merchant Tools services that allow sellers to connect to COSS services so they can receive Cryptocurrency payments for each item they sell. Just imagine the potential of ease to be offered, people do not have to bother to redeem the assets they have on the stock market Cryptocurrency first to be able to take advantage of crypto money assets to buy daily needs. In the Financial Plan document prepared by the COSS, it is said that COSS is also capable of giving users the freedom to make transactions most convenient for them, either using cryptocurrency or using fiat money in general.
However, unstable Cryptocurrency volatility remains a major concern of the COSS team itself to minimize losses that its users may suffer. For example with certain policies or protocols that can promise stability on the currency used to transact.
Thirdly, COSS will be able to provide Cryptocurrency Exchanges with features that will focus on new users, both individual and business scale. The COSS Stock Exchange will also be equipped with a list of market capitalization functions as well as payment gateways that will hopefully make it easy for its users to redeem their crypto assets for the benefits they need everyday.
For more details on the business model offered by COSS will be explained in the following figure:
COSS TOKEN
COSS is a 100% project funded independently and is independent of external investors since it was first launched. However, the need for this massive and rapid development opens the door for investors who share the same vision and believe in COSS's potential to participate in the development of this project. For that purpose a token called COSS was launched.
COSS tokens are revenue-generating cryptocurrencies capable of generating revenue for holders of COSS tokens, ie from the service or fess fees that users will incur on utilizing the COSS platform. The profit from COSS will be given to the COSS token holders on a weekly basis.
The COSS platform will generate revenue from three sources:
- Withdrawal Fees or Fees for Withdrawal
- Exchange Transaction Fees
- Payment Gateway
The COSS Token will be available for sale during the Token Swap (ICO) campaign period that began in August 2017 and will ends on September 6, 2017. 200 million tokens will be available during this ICO period to be purchased by investors sharing the same vision and mission with COSS.
For you who have cryptocurrency assets and are interested in joining COSS Token holders, you can redeem your assets into
Ethereum (ETH) and immediately redeem it with COSS Token on this https://coss.io/ico website. You can also dig more information about this COSS on its whitepaper at the following link https://coss.io/documents/coss-whitepaper-v3.pdf.
Please note, the information available in this paper is not an expert advice that suggests someone to make certain investments, this paper is only informative to spread the spirit of decentralization and financial democracy.
Written by: Hyadumadha
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1082055
