COSS Token Swap

JOIN WITH 8% BONUS, FOR THE NEXT:
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Total amount of ETH raised:

4121.41492345 ETH

Token swap ends in:

30 days 10 hours 15 minutes 10 seconds

About COSS

COSS stands for Crypto One Stop Solution, and represents a platform which aims to encompass all features of a digital economical system based on cryptocurrency. COSS has been launched in the Beta Version on the 1st of April, 2017 with a Payment Gateway/POS for online and offline stores allowing Merchants to accept payments for their services in various cryptocurrencies, and a fully-operational Crypto Exchange. So far, these are the two most important features of COSS, that is currently integrating many the 3rd-party providers, who will offer their services through COSS.

COSS is designed as a living project with infinite possibilities for extension, aimed to bring cryptocurrencies to the masses by adopting and facilitating all the existing crypto- and the blockchain-related services and products into a user-friendly, intuitive and easy-to-use environment.

The number of customers and merchants listed on the COSS marketplace is constantly increasing, and currently counts 150 Merchants and over 1000 users. COSS has an international team spread many locations across the world from Singapore (the managing board) to New York (branches) and Bucharest, Romania (Development Team).

Mission

The main goal of COSS is bringing cryptocurrencies to the masses. What COSS aims to cater to its users is a complete and seamless experience of accessing the available cryptocurrency services and products in the same place. From the very first moment a customer decides to use cryptocurrency he/she is guided through the platform and its features. Protected from any unwanted negative experience, the user will continuously find the new possibilities to use the platform and to interact on it.

By means of this integrative approach to virtual currency services, the COSS platform aims to become the most preferred medium, familiarizing the COSS customers with the cryptocurrencies and the ways of using them. For this purpose, the COSS platform is equipped with its own token, a wallet, an exchange, a merchant platform, payment gateway / POS and a list of features that are closely related to the use of crypto.

Vision

The COSS team is visionary in the way it approaches the development of the Crypto-One-Stop-Solution. On the track to the massive cryptocurrency adoption we do not allow the limiting belief systems to interfere with the development of the COSS platform. We accept the changes that the rapidly-evolving technologies bring, and welcome innovation on any and every level.

We plan our success with determination and implement it into our strategy that implies the following steps:

  • providing for all the cryptocurrency users' needs via one-stop-solution services;
  • rewarding users for bringing new merchants and affiliates on board;
  • establishing a marketplace, where cryptocurrency users and merchants can meet each other seamlessly;
  • issuing tokens with real value;
  • expanding the network of customers by providing the high-quality services;
  • enhancing the security of the system;
  • adopting the disruptive innovations.

Step by step guide how to participate in the COSS Token SWAP

  1. Go to www.ico.coss.io
  2. Click Register for the Token Swap
  3. Fill in Name and Email address
  4. Click the verification link in the email from coss.io
  5. Log in to your coss dashboard
  6. Click Contribute now
  7. Enter the amount of ETH you want to swap
  8. Copy the ETH address shown in your Dashboard
  9. Go to your ETH wallet and send the amount of ETH to the ETH wallet shown in your dashboard
  10. The amount of COSS Tokens you are entitled to will show in your dashboard
  11. Link your ERC20 compatible wallet to your profile if you wish your COSS token sent directly to you upon release
  12. If 11 is left blank, your COSS token will be released to your COSS wallet on coss.io
  13. You are all set. Wait until September 20th for the COSS Token Release.

Token Swap (ICO) Details

What is a COSS token?

The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum Blockchain as an ERC20 Token, that enables owners to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.

The COSS token holders receive revenues to their wallets on a weekly basis. Currently, the revenue share is generated from the transaction fees when payments in Bitcoin, Ether, and other cryptocurrencies supported by COSS are sent via the Payment Gateway/POS and/or through the Crypto Exchange. In the nearest future, COSS will adopt other revenue generating Features.

Payout Structure:
According to the company's bylaws, each week 50% of the transaction fees collected by COSS through the Payment Gateway/POS and the Crypto Exchange, will be distributed to the COSS token holders.
Symbol:
COSS
Total supply:
200,000,000 COSS Tokens (Two Hundred Million COSS Tokens)
Exchange Rate:
1ETH = 600 COSS Tokens
COSS Tokens Allocation Plan:
Maximum Supply – 200,000,000 COSS Tokens (200 mil)
  • 25,000,000 COSS Tokens – Fire Swap (pre-ICO) (25% Bonus – 50 ETH minimum buy-in)
    • The Fire-Swap will open on 10th of July 3 PM SG Time
    • The Fire-Swap will close on 13th of July – 3 PM SG Time
  • 130,000,000 COSS Tokens – COSS Token Swap (ICO) (minimum amount is 0.001 ETH)
    • The Token Swap (ICO) will start on 8th of August – 08:08 PM SG Time
    • The Token Swap (ICO) will end on 6th of September – 08:08 PM SG Time
  • 30,000,000 COSS Tokens – Developers, Staff, Strategic Partners**, Operations
  • 10,000,000 COSS Tokens – CAP (COSS Affiliate Program)
  • 5,000,000 COSS Token – Shareholders***/Board of Directors***/Advisory Board***
**COSS Tokens allocated to the Advisory Board will be locked for 90 days.
*** COSS tokens allocated to Developers, Staff, Strategic Partners, Shareholders and Board of Directors will be locked for 180 days.
COSS Token Swap (ICO) – Funds Distribution Plan:
  • 50% - IT Development, User Experience, Roadmap Completion
  • 25% - Mergers and Acquisitions
  • 10% - Marketing Plan
  • 10% - Operations
  • 5% - Shareholders, Board of Directors, Advisory Board
Escrow System:

All ETH from the Main Token Swap (ICO) that begins on August 8th , 2017 will go into a Multi-Sig Wallet with 3 Signatories.

The Release Procedure from the Escrowed ETH Wallet will take place annually based on the approved budgeting presented by the COSS Management:

  • 34% - 2018 Budget
  • 33% - 2019 Budget
  • 33% - 2020 Budget

Roadmap Roadmap Roadmap
Dan Cearnau
Team Leader and co-founder
Dan manages the technical aspects of the COSS system including the intricacies of the development and the security of the project’s information. Read more...
Ioana Frincu
Team Coordinator
Ioana manages the COSS development team and keeps it focused on high-quality performance and achievement of the short- and the long-term goals. Read more...
Iulian Oprea
Technology Officer
Iulian manages the technical design and setting of COSS. He is a Computer Science Engineer with a six years experience in delivering software products. Read more...
Desmond Sieow
Financial Manager
Desmond manages accounting, bookkeeping, payrolls and reports. Read more...
Rune Evensen
Visionary and co-founder
Rune is the project’s champion directing and supporting the team. Read more...
Andrei Popescu
COSS VENTURES (Romania)
Andrei is a vision-driven entrepreneur with career-long record of business growth and innovation. Read more...
Christopher Bridges
Compliance Officer and co-founder
Chris has over 27 years of experience as a litigation lawyer and is a notary public and a commissioner of oaths. Read more...
Andras Kristof
Corporate Blockchain Analyst
Andras is in charge with the overall security of the platform, the way the blockchain technology is used and implemented to match the COSS needs. Read more...
Haarek R. Andreassen
Research and Development Officer
Haarek is responsible for the product development of COSS and the research related to it. Read more...
Eystein R. Lyche
Marketing Officer
Eystein manages marketing communications, brand and sales management, advertising, promotion and distribution of the COSS services. Read more...
Fitro Hermawan
User Experience (UX) Manager
Fitro creates the graphics and manages usability improvement of the COSS system. Read more...
Maria Popova
Content Manager
Converts the COSS vision into written words, manages COSS content and promotes the company in the media. Read more...

In our desire to bring cryptocurrencies to massive adoption we are eager to learn from experts in a variety of spheres such as business, IT, banking, finance, technology, innovation and marketing. We do not claim to know everything, but we ask the right people the right questions to bring the end-users services beyond their expectations.

Stefan Neagu
Blockchain Technology
Stefan worked for ABN Amro and RBS as IT infrastructure officer gaining extensive expertise in banking-related applications (read more)
Mike Costache
Strategy / Investments
Mike never liked being put in a box so he spent the last 20 years as an entrepreneur, investment banker, author, professor, speaker, angel investor ... (read more)
Tan Kim Song
Financial Advisor
Professor Tan Kim Song is currently a faculty member at the School of Economics, Singapore Management University (read more)
Anson Zeall
Blockchain Industry & Community
Anson is the Chairman of ACCESS, Singapore’s Cryptocurrency and Blockchain Industry Association (read more)
John Bailon
Crypto Adoption Ecosystem Advisor
Since 2014, John has been building a Bitcoin ecosystem in the Philippines with the help of like-minded partners. (read more)
Miguel Cuneta
Crypto Adoption Ecosystem Advisor
Miguel is co-founder and the Chief Community Officer of SCI. (read more)
Ionut Scripcariu
Payment Gateway and Card-Solutions
Ionut is currently a Managing Partner at Card Blue, a company issuing pre-paid MasterCard ... (read more)
Christian Hagmann
Corporate Strategy Advisor
Christian has 20+ years of experience in the energy sector with focus to the medium voltage networks, IT energy services ... (read more)
John Chrissoveloni
Equity and Trading Advisor
Throughout his career John has been president and shareholder of a few companies in Bucharest in the spheres ranging from real estate and IT to finance. (read more)
Zach Piester
Strategy / Investments
Zach is an innovation, digital transformation, venture investor, growth executive and public speaker. (read more)
David Zhou Yi
Legal Advisor
David's experience arises out of the service in the first joint-venture of China (read more)
Peter Sundström
Disruptive Technology Advisor
Peter Sundstrom is a Solution Architect with focus and skillsets at finding disruptive technology trends. (read more)
  • COSS stands for Crypto-One-Stop-Solution and represents a platform embracing all features of a digital ecosystem, and aimed at boosting the adoption of crypto. The COSS platform unifies all transactional aspects that are usually managed by means of FIAT money, and offers multiple cryptocurrency-related services in one place: e.g. a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet, various coin facilities and a mobile platform.

  • The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum public Blockchain as an ERC20 Token, that enables its holders to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.
    COSS has the nomination COSS and has 8 digits after the decimal point (e.g. 0.12345678 COSS). By using the ERC20 standard, we enable the currency to be stored and transferred to and from many ERC20-compatible wallets

  • The COSS token can help you to build your portfolio in all other tradable cryptocurrencies. Just as any other cryptocurrency it can be used for trading and exchange, as well as within the COSS payment gateway / POS as a payment medium. What distinguishes COSS from all the other cryptocurrencies is that simply holding will bring you weekly revenues in the cryptocurrencies used within the COSS system.

  • Somebody walks into a store in Korea, for instance, and purchases something with cryptocurrency - 1ETH worth of products. He/she pays through the COSS POS. A transaction fee equal to 0,75% of the transaction is charged for this purchase, and 50% of that fee goes to the COSS token holders and it is paid out in ETH.
    Another person in Romania makes a purchase worth 1 BTC. Same procedure, same transaction fees and again 50% goes to the COSS token holders, but this time paid out in BTC.
    The COSS exchange starts at 0,2% trading fee from both the taker and the maker of any order (this fee can be reduced by increasing the trading volume). Let's say, trader A wants to sell Litecoin (LTC) in return for ARK. Buyer B that already placed a buying order for ARK, paying with his/her LTC matches the required parity/offer, and a trade is being executed. 0,2% of the LTC is charged as trading fee AND 0,2% of the LTC is charges as transaction fee. 50% of both these fees now goes to the COSS token holders, paid in ARK and LTC respectively.
    In the future, transaction fees from the upcoming features will also be added to the current model to benefit all the COSS token holders and increase their revenues.
    In this way the COSS token allows you to build your crypto portfolio in all the popular cryptocurrencies.

  • Currently, the COSS platform generates revenues from three sources: withdrawal fees, exchange transaction fees and payment gateway. The cryptocurrency withdrawal fees generate the revenue for the platform, however most of the fees are used by the network to process the withdrawal. Throughout this process no direct revenue is generated, which means that no amount of the withdrawal fee is shared with the DAO token owners.
    COSS utilizes the maker-taker transaction fee scheme, that generates a pure revenue for the platform. The fee is charged from both members participating in the trade. 50% of this revenue is shared with the DAO token owners. The fees begin with 0.2% of the taker and the maker's fee, and end at 0.04% derived from transactions.
    The merchant selling goods by means of the payment gateway or the POS creates the revenue for the platform. The fee is generated in the cryptocurrency that is used for that respective transaction. The fee is generated in both cryptocurrencies traded within a pair. In the case of a FIAT pair, only the fees paid in cryptocurrencies are distributed to the token holders. 50% of this revenue is shared with the DAO token owners. The COSS merchant platform operates on a 0.75% fee derived from each transaction.

  • Every participant in the COSS Token Swap (ICO) will be rewarded with COSS Tokens, equivalent to the progressive bonus scale upon joining the Swap. The COSS Token Holders will be rewarded in accordance with the following revenue-share distribution plan: 50% of the COSS Platform’s Entitled Fees derived from the Payment Gateway/POS Fee – 0,75%; Exchange Fees starting from a standard trading fee of up to 0.2% (charged from both, buyer and seller, all the trading pairs on Exchange); the Shared Fees charged from the 3rd-Party Services’ Providers.

  • Each COSS token holder can set a smart-contract function by providing his/her COSS username to receive the interest generated by the platform. A screening procedure of the COSS Wallets will be done weekly, and based on the amount of the COSS Tokens held by the individual, his/her revenues will be automatically calculated and payed-out. In case the user didn't set-up the function by typing in his/her COSS username, the revenue will be received by the initial owner (buyer in the Token Swap (ICO)). In case no such user has been indicated, the revenue will not be received for the current revenue-sharing week.

  • The Fire-Swap is a means of exchange in the form of a pre-sale before the official Token Swap takes place. This form of exchange is designed specifically for strategic partners and the community members as well as the people who would like to become early investors into COSS. It starts on July 10, 2017 at 7 a.m. GMT.

  • A Token Swap is a means of exchange, during which one or more tokens are exchanged for another token in the equivalent of the same or similar total value. It starts on August 8, 2017 at 7 a.m. GMT.

  • The total amount of COSS tokens is 200,000,000 COSS.

  • The COSS tokens will be released after the end of the Token Swap on or by September 20, 2017.

  • 25M (out of the total 200M) COSS tokens will be available for pre-sale during the Fire Swap and 130M during the Token Swap of which: 30,000,000 COSS Tokens are allocated to Developers, Staff, Strategic Partnerships, Operations; 10,000,000 COSS Tokens to CAP (COSS Affiliate Program) and 5,000,000 COSS Token to Shareholders/Board of Directors/Advisory Board.

  • The funds raised during the Fire Swap and the Token Swap will be used by COSS to Implement the new features: e.g. prepaid cards, P2P remittance, B2B remittance enhanced AML functions, digital signing of documents and certificates, Smart Contracts as a Service (SCaaS), DAO, launch of the COSS Affiliate Program (CAP).

    All ETH from the Main Token Swap (ICO) that begins on August 8th , 2017 will go into a Multi-Sig Wallet with 3 Signatories. The Release Procedure from the Escrowed ETH Wallet will take place annually based on the approved budgeting presented by the COSS Management:

    • 34% - 2018 Budget
    • 33% - 2019 Budget
    • 33% - 2020 Budget
  • Followed by the Token Swap (ICO), COSS launches a 1-tier affiliate program to stimulate the further growth of the platform and to reward the contributors. All COSS users have a referral URL displayed in their account. By sharing the link and inviting the new users to the platform, they can reduce their own transaction fees on the COSS Exchange.

    COSS aims to educate its customers about the functionality of the platform and its marketing tools by issuing a certification course that will ensure the seamless integration of the POS to merchants' online stores. By becoming Certified Affiliates (CCAP) users can also earn transaction fees derived from the COSS payment gateway / POS system and receive rewards for the new registered merchants.

  • Participants of the Token Swap will receive bonuses. The COSS Tokens will be swapped according to the progressive bonus scale stated below:

    • First 5 days – 15% Bonus
    • From the 5th day to the 10th day – 10% Bonus
    • From the 10th day to the 15th day – 8% Bonus
    • From the 15th day to the 20th day – 6% Bonus
    • From the 20th day to the 25th day – 4% Bonus
    • Last 5 days – No Bonus will be granted
  • COSS will run run some of its features as a DAO (Distributed-Autonomous-Organization) that will generate the revenue and allocate 50% of it to COSS token holders. The COSS DAO token is operated via an Ethereum smart-contract that controls the distribution and the allocation of the revenue stream, generated by the platform. The platform itselfs is operated by COSS Pte Ltd. registered in Singapore, and is therefore centralized. The revenue share of the COSS DAO token holders, generated by the platform from transaction fees, is paid out in the appropriate currency that was transferred/exchanged/traded.

    • 1. Go to www.ico.coss.io .
    • 2. Click ‘Register for the Token Swap’.
    • 3. Fill in your Name and Email address.
    • 4. Verify your email by clicking the link in the email from coss.io.
    • 5. Log in to your COSS dashboard.
    • 6. Click ‘Contribute now’.
    • 7. Enter the amount of ETH you want to swap.
    • 8. Copy the ETH address shown in your Dashboard.
    • 9. Go to your ETH wallet and send the amount of ETH to the ETH wallet shown in your dashboard.
    • 10. View the amount of COSS Tokens you are entitled to will in your dashboard.
    • 11. Link your ERC20-compatible wallet to your profile, if you wish to receive your COSS tokens directly upon release. Otherwise, your COSS token will be released to your COSS wallet on coss.io.
    • 12. You are all set. Wait until September 20th for the COSS Token Release and Trading.
  • We recommend using Ethereum-based wallets (e.g. Mist, MyEthereum wallet) and ERC20-compatible wallets.

  • The community of the COSS token holders will vote to determine the fate of the unsold tokens, if any. A voting mechanism with several voting options will be setup after the Token Swap is over. The voting options will be based on the feedback and the suggestions provided by the COSS token holders via Slack:

    https://join.slack.com/t/cosstokenswap/shared_invite/MjI0MTIyMzEzOTA4LTE1MDIyNDcwOTAtZDhjZmRjZGI2Zg



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