Johnny here-
A few quick disclaimers: I do hold a small amount of COSS ATM, but this video will attempt to be as unbiased as possible and also because I’m not claiming to be a financial advisor, please proceed at your own risk and do your own research.
COSS.IO is planning to be a crypto one stop solution. This means they will be a payment gateway for merchants to an exchange along with other things planned on their roadmap.
Here’s a rundown on what the COSS token is and how its value is derived:
Essentially COSS is a dividend token. It is based on the ethereum blockchain so that means the token can be kept either on the exchange website or your ethereum wallet. Either way you will still be able to receive dividends. These dividends come from the fees that the site accumulates from the trading volume. There is a 0.001 fee in ETH to get your distribution of the accumulated coins, this was recently 0.002 and this fee exists to prevent it from being a security as to dissuade the dividends from being regulated or banned by governments. The percentage is set in stone at 50% and it cannot be changed. This 50% is given proportionally to all COSS holders weekly, so as the site grows, users are awarded with weekly dividends and increases in the token value as well.
I also cover the potential benefits and risks that are associated with investing into COSS.IO
Thanks for watching and have a nice day!
