Post
Topic
Board Speculation (Altcoins)
Re: Why buy COSS
by
JakeCrypto
on 16/01/2018, 15:41:59 UTC

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...

All sounds reasonable, thanks!

It makes sense that the trading fees are dynamic, 0.2% is worse than other exchanges such as Binance with their 0.05%.

I will keep an eye on the price and buy some when the time is right.