The COSS platform brings together all the transactional aspects and offers multiple cryptococcal services in one place
A Token Swap is a means of exchange, during which one or more tokens are exchanged for another token in the equivalent of the same or similar total value. It starts on August 8, 2017 at 7 a.m. GMT.
What is COSS?
COSS stands for Crypto-One-Stop-Solution and represents a platform embracing all features of a digital ecosystem, and aimed at boosting the adoption of crypto. The COSS platform unifies all transactional aspects that are usually managed by means of FIAT money, and offers multiple cryptocurrency-related services in one place: e.g. a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet, various coin facilities and a mobile platform.
In April COSS has officially launched its beta version. The platform also incorporates the most popular crypto-currency services such as wallet services, exchange exchanges, merchant / merchant platforms into virtual space, where crypto-currency customers and traders can meet and interact with each other. COSS is developed by an international team headquartered in Singapore under C.O.S.S. License PTE LTD.
COSS aims to create convenient, user-friendly and usable ecosystems that combine crypto and fiat currency services, available to customers with one account registered in one place.
The COSS currency of the VEROS platform, will be implemented as the Ethereum smart contract, which governs the validation, distribution, value and ownership of tokens. Apart from VEROS, this platform will support the most widely used crypto so customers can convert to fiat via the COSS exchange service. The new feature will be added to the platform during the next development phase.
The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum public Blockchain as an ERC20 Token, that enables its holders to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions. COSS has the nomination COSS and has 8 digits after the decimal point (e.g. 0.12345678 COSS). By using the ERC20 standard, we enable the currency to be stored and transferred to and from many ERC20-compatible wallets
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.
ICO Schedule: August 8 — September 6, 2017
Total Supply Token: 200,000,000 COSS
ICO bonus: 25%
Token Price: 600 COSS = 1 ETH
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
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
Dan Cearnau — Team Leader and co-founder
Ioana Frincu — Team Coordinator
Iulian Oprea — Technology Officer
Desmond Sieow — Finance Manager
Rune Evensen — visionary and co-founder
Andrei Popescu — Experience Officer and co-founder
Christopher Bridges — Compliance Officer and co-founder
Andras Kristof — Analyst Corporate Blockchain
Haarek R. Andreassen — Research and Development Officer
Eystein R. Lyche — Marketing Officer
Manager Fitro Hermawan — User Experience (UX)
Maria Popova — Content Manager
Stefan Neagu — Blockchain Technology
Mike Costache — Strategy / Investment
Tan Kim Song — Financial Advisor
Anson Zeall — Industrial & Community Blockchain
John Bailon — Crypto Adoption Ecosystem Adviser
Miguel Cuneta — Crypto Adoption Ecosystem Adviser
Ionut Scripcariu — Payment Gateway and Card-Solutions
Christian Hagmann — Corporate Strategy Advisor
John Chrissoveloni — Equity and Trade Advisor
Zach Piester — Strategy / Investment
David Zhou Yi — legal counsel
Peter Sundström — Technology Advisor