Quote from: JakeCrypto on January 16, 2018, 03:11:13 PM

When I first heard about Coss, I tried the exchange and thought 'this is awful, I'm not buying any Coss tokens'. I regret that decision now!

However this thread is making me think there is still a lot of potential in this exchange and coin. It sounds like they are taking the necessary steps to improve the site and make it a genuine option to trade on. The big thing I noticed after not visiting it for months was that they now use trading view charts which is a massive improvement.

Bear with me as I try to make sense of the token...

The trading fee is 0.2%

Total trading volume is $4,500,000 giving a daily fee income of $9000

50% goes back to COSS holders, so $4500 a day.

Current COSS circulating supply is 63,556,571

So if I buy 1000 COSS then I will recieve (1000/63556571)*4500 = $0.07 daily depending on the volume.

Have a understood this correctly???

You're almost right but what you need to keep in mind is the following:
Reducing your value
- There are actually more circulating COSS, c.98m, not sure why CMC is stating that figure but we have the number of circulating COSS each week in our dashboard, reducing a bit this number
- Trading fees are degressive according to the amount you're trading, you can find the exact breakdown in their whitepaper

Increasing your value
- Trading fees are paid twice (for the buyer and the seller), so you need to multiply by 2
- Fees will not just depend on the volume: you receive dividends for fees for ICOs, for withdrawals, for fiat deposit in the future...