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.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | Others |
| Circulating Supply | N/A |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
Token Swap (ICO) Details
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 day
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
