Quote from: jerrison on September 06, 2019, 09:45:07 PM

Quote from: BlockChainGuy101 on June 28, 2019, 03:16:44 PM

Edit: Updating the thread with information on the exchange and token as many people have asked about it.

COSS exchange is a top cryptocurrrency exchange that offers several trading pairs against the most popular base pairs including Bitcoin, Ethereum, USDT and XRP. The exchange is located in Singapore and has a headquarters you can walk in and greet the employees or question with issues should you face any. The exchange has recently under went a full blown reorganization that has lead to a new CEO taking over the company. Since the reorg the exchange has improved drastically, not only in volume but also in composure and ability to deliver. You can check out the exchange at https://coss.io

COS token is the native token of the exchange that pays anyond that holds it daily income!
The token built on Ethereum has a built in DAO (Decentralized Autonomous Organization) that is basically a smart contract to which all the fees earned by the exchange are deposited too. Once these fees are deposited to this contract the contract automatically distributes them to token holders. In short the token pays you a part of the fees the exchange makes daily (To better understand this think about how much money you would make if Binance were to offer even a tiny portion of its fees to you as your income). Note because this is carried out as a DAO, COS token is not classified as a security.

Original Thread
Just want to see what everyone here thinks about the COSS exchange? I'm wondering because new management has taken over and now there seems to be a very positive outlook for the exchange overall. The exchange has undergone a signifcant change in direction under the new leadership. The biggest change being that the new COS token will pay daily in Ethereum and more COS tokens rather then tons of small dust. If you used the exchange before what is your opinion on it and when was the last time you used it?

Thanks for all the replies guys just trying to get an idea around if there is interest around this coin as I see it being one of the biggest boomers (100x or more) in the next alt season.

Firstly, I do not consider that daily payment a sustainable idea. It may be for a period of time and that may just be an incentive to attract investors and also traders who will for see the degree of payment to be made considering the bag of tokens they may want to purchase but then on a second consideration, how many tokens holders can be paid and for what period of time and where is the revenue to be generated from.

The revenue comes directly from the fees that they earn on the exchange. 50% goes to the exchange and 50% goes to all token holders (divided equally based on how many tokens you hold). So it is very sustainable long term as they have already been running these dividends for the past 2 years.