Like many others, I was away from crypto for a while. Coming back to it again I had to realize to my dismay that all my COSS are gone (actually, they are just "stuck" in the COSS wallet.
I've been part of COSS from the beginning, supporting it and defending it however my limited means allowed, but had to take a break for a few months last year. It is thus absolutely shameful how they have left their investors hanging.
I really want to understand the rational behind some decisions that does not seem to fulfill any purpose except to line the pockets to COSS:
1. Why is the swap limited in time at all? Since COSS and LALA simply became COS and ceased their existence, and time limit is unecessary
2. Why the hell couldn't the coins automatically become COS? For a LALA / COSS investor, there was no real choice anyhow. Again, it's not that there was a choice between COSS / LALA and COS, but between COS and nothing. The requirement to have to do it manually, again seems to have no purpose except to shut out some investors who, for whatever reason, were not actively following the project. This manually requirement is particularly misleading since I recall another communication from COSS (when I was still activein crypto), stating that as long as one had the COSS coins on the exchange, no specific action would be required.
I know the crypto world is still like the Wild West, and this is just another (high) price for a lesson to be learned. But just as in the Wild West, if an implicit honor code is broken and fairness not restored, companies like COSS will turn supporters into active enemies.
So, I hope somebody from COSS is reading this seriously and reconsiders making long time investors hole and restore fairness. Otherwise, the Wild West rules apply where gun slingers are replaced by social media influencers.
I've been part of COSS from the beginning, supporting it and defending it however my limited means allowed, but had to take a break for a few months last year. It is thus absolutely shameful how they have left their investors hanging.
I really want to understand the rational behind some decisions that does not seem to fulfill any purpose except to line the pockets to COSS:
1. Why is the swap limited in time at all? Since COSS and LALA simply became COS and ceased their existence, and time limit is unecessary
2. Why the hell couldn't the coins automatically become COS? For a LALA / COSS investor, there was no real choice anyhow. Again, it's not that there was a choice between COSS / LALA and COS, but between COS and nothing. The requirement to have to do it manually, again seems to have no purpose except to shut out some investors who, for whatever reason, were not actively following the project. This manually requirement is particularly misleading since I recall another communication from COSS (when I was still activein crypto), stating that as long as one had the COSS coins on the exchange, no specific action would be required.
I know the crypto world is still like the Wild West, and this is just another (high) price for a lesson to be learned. But just as in the Wild West, if an implicit honor code is broken and fairness not restored, companies like COSS will turn supporters into active enemies.
So, I hope somebody from COSS is reading this seriously and reconsiders making long time investors hole and restore fairness. Otherwise, the Wild West rules apply where gun slingers are replaced by social media influencers.