Kucoin – The people’s exchange

Kucoin is an up and coming exchange based in Hong Kong. Kucoin are ambitious outfit and in addition to incorporating an aggressive promotions campaign, the exchange also plans to provide early access to some of the most promising coins in Asia as well as allowing for the trade of more established coins.

The exchange also operates its own currency known as Kucoin Shares (KCS) and the KCS token operates as a standard ERC 20 token based on Ethereum blockchain. The value of the KCS token will increase in line with an increase in its number of holders and traders. This provides extra value as holding KCS allows the platform’s users to access benefits including a 30% trading fee discount as well as an award incentive bonus, which equals to 50% of the total trading fees charged by the platform, which is distributed back to users who hold KCS in their accounts.

The exchange has experienced around $4M of total trading activity with its KCS token attracting the majority of traders. The recent listing of coins such as the Red Pulse RPX token has helped increase the exchange’s user base. With further keenly anticipated tokens set to be listed, Kucoin is an exchange that will only grow in importance and we can expect the price of KCS tokens to match the rise of the exchange.

CoinMarketCap

KCS/BTC trading pair in Kucoin

Binance

Binance Coin (BNB) is a token released by the Binance exchange, which came into life as a result of a recently held ICO.

Binance is run by an ambitious team and in a short space of time has become the 11th biggest exchange according to trade volume. Its BNB coin enables customers to enjoy reduced fees when trading cryptocurrencies that are paired against BNB and traders can receive discounts on exchanges, withdrawals and listing fees.

For its first year, there is a 50% discount rate on trading fees, dropping to 25% in the second year and halving again in each of the subsequent two years. In addition to offering discounts on fees, Binance also engages its community via polls, promotions, and special giveaways, which continue to attract new users.

As BNB is linked to the Binance exchange, its value increases with increased usage on the platform and Binance looks set to continue its rise up the ranking. BNB currently trades just under $1.6 and holds a market cap of around $160M, earlier this year it reaches its all-time high price of $2.92.

CoinMarketCap

BNB/BTC trading pair in Binance

COSS: Crypto-One-Stop-Solution made easy

What is COSS

COSS stands for Crypto-One-Stop-Solution and represents a platform, which encompasses all features of a digital economical system based on cryptocurrency. The COSS system consists of a payment gateway / POS, an exchange, a merchant list, market cap rankings, a marketplace, an e-wallet, various coin facilities and a mobile platform. 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. The list of potential features of the platform can be infinitely extended, and will continue growing as the platform evolves.

With COSS, usability issues, related to virtual currencies are resolved in an innovative way. The platform gathers the most popular cryptocurrency services and products into one portal allowing users to gain control over their finances, to manage transactions, to integrate merchants’ payments, to deposit funds and so much more.

Learn more

COSS Team

COSS has an international team spread across the world with the managing board based in Singapore, and branches in New York and Bucharest (development team). Apart from having the core team members residing in the above-mentioned locations, we take a great advantage of being decentralized and inclusive at the same time by having team members spread across the world and contributing to COSS remotely.

COSS Mission

The main goal of COSS is to bring cryptocurrencies to the masses. What COSS aims to cater to its users is a complete experience of accessing the available cryptocurrency services and products in the same place. From the very first moment a customer decides to use cryptocurrency he/she will be guided through the platform and its features. Protected from any unwanted negative experience, the user will continuously find the new possibilities to use the platform and to interact on it. By means of this integrative approach to virtual currency services, the platform aims to become the most preferred medium, familiarizing the COSS customers with the cryptocurrencies and the ways of using them. For this purpose, the COSS platform is equipped with its own token, a wallet, an exchange, a merchant platform, payment gateway / POS and a list of features that are closely related to the use of crypto.

COSS Vision

The COSS team is visionary in the way it approaches the development of the Crypto-One-Stop-Solution. On the track to massive cryptocurrency adoption we do not allow the limiting belief systems to interfere with the development of the COSS platform. We accept the changes that the rapidly-evolving technologies bring, and welcome innovation on any and every level. We plan our success with determination and implement it into our strategy that implies the following steps:

  • providing for all the cryptocurrency users’ needs via one-stop-solution services
  • rewarding users for bringing new merchants and affiliates on board
  • establishing a marketplace, where cryptocurrency users and merchants can meet each other seamlessly
  • issuing tokens with real value
  • expanding the network of customers by providing the high-quality services
  • enhancing the security of the system
  • adopting the disruptive innovations

COSS Token

COSS is a 100% self-funded project that did not rely on any external investments prior to and upon its launch. The new and very expansive curve of its development implies launching a token native to the platform that will provide investment opportunities to people who share the COSS vision and believe in the project’s potential. The name of the token is COSS.

The COSS token is a revenue-generating cryptocurrency, that enables owners to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.

The revenues are transferred to the COSS token holders’ wallets on a weekly basis. The interest is generated by the transaction fee when transactions in Bitcoin, Ether, and other cryptocurrencies supported by COSS are carried out on the exchange and/or through the POS/Payment Gateway.

The platform generates revenue from three sources:

Withdrawal fees:

  • The cryptocurrency withdrawal fees generate the revenue for the platform, however most of the fees are used by the network to process the withdrawal.
  • Throughout this process no direct revenue is generated, which means that no amount of the withdrawal fee is shared with the DAO token owners.

Exchange transaction fee:

  • COSS utilizes the maker-taker transaction fee scheme, that generates a pure revenue for the platform. The fee is charged from both members of the traded pair.
  • The fees begin with 0.2% of the taker and maker’s fee, and end at 0.04% derived from transactions;
  • 50% of this revenue is shared with the DAO token owners.

Payment gateway:

  • The merchant selling goods by means of the payment gateway or the POS creates the revenue for the platform.
  • The COSS merchant platform operates on a 0.75% fee derived from each transaction;
  • The fee is generated in the cryptocurrency that is used for that respective transaction. The fee is generated in both cryptocurrencies traded within a pair. In the case of a FIAT pair, only the fees paid in cryptocurrencies will be distributed to the token holders.
  • 50% of this revenue is shared with the DAO token owners.

Blockchain Apps – End-user view

Current Challenges

The main reason why cryptocurrencies keep gaining traction is because the use of FIAT currencies imposes limitations on users, such as inability to provide identity protection and the safety of the transaction process.

The problem of credit card payments is that it is an extremely cumbersome process that requires not only a customer and a merchant, but also banks, acquirers, payment processors and a group of organizations operating the network, to participate. This brings up a number of middlemen in discussion, and also increases the transaction costs.

Although the payment technologies are constantly evolving, and the concern about the peer-to-peer (P2P) payments is increasing, in this highly competitive environment, all the players are now working hard to maintain their position in the market, and to disrupt the status quo. This is done to eliminate the complicated and inefficient set of separate processes that are at the core of every payment system.

The payment ecosystem is limited to being a counterpart of a broader commercial landscape, in which fraud management and data privacy are carried out integrally within the IT security framework. This framework spans towards the Internet, mobile devices, social networks and cloud services. As a result, the payment-processing organizations have to manage the risks associated with the online payments in FIAT currency via a complex and slow mechanism. On top of that, many Fintech applications have vulnerabilities when it comes to fraud, theft and chargeback prevention, carrying out cross-border transactions, providing data security, multi-currency payments and on-the-go payments.

According to IBM Commerce ‘Pay It Forward’ e-book there are three major challenges that the payment processing sector faces at the moment:

Satisfying customers’ needs for payment options and localization; Meeting security, privacy requirements and regulations; Reducing complexity across the payment ecosystem.

Competition

 

Source: COSS Whitepaper

Buy COSS and start generating revenue today!

Top trading platforms

These are most used Crypto-asset trading platforms

  • Coinbase

    • Coinbase is the world’s most popular way to buy and sell bitcoin, ethereum, and litecoin. Create a digital currency wallet where you can securely store digital currency. Connect your bank account, debit card, or credit card so that you can exchange digital currency into and out of your local currency. Buy some Bitcoin, Ethereum, and Litecoin to begin using the future of money.
  • Poloniex

    • Poloniex is a pure crypto to crypto exchange based in the United States. With a grand redesign in early 2015 the site has added a wealth of features to provide a fully immersive trading experience. Technical analysis charts and live chat mean it is easy to stay abreast of news flow and analyse price trends before taking a position.
  • Bittrex

    • Bittrex is one of the larger crypto to crypto exchanges offering a large number of trading pairs into bitcoin. The exchange does have a very high turnover crypto currencies – leading some to accuse it of allowing pump and dump schemes that erode confidence in the crypto currency ecosystem as a whole.
  • Binance

    • The underlying Binance platform has been deployed on 30+ exchanges already. It supports all devices and multiple languages, offering a seamless user experience. Binace’s certified matching engine is capable of processing 1,400,000 orders per second, making Binance one of the fastest exchange in the market today.
  • coss.io

    • Take advantage of a fast, secure and simple exchange of multiple crypto currencies
  • coinexchange.io

    • Security is our priority. We employ an agressive cold storage policy on all currencies in our system. We aim to support a large number of crypto currencies, and provide a stable market for smaller niche currencies. We will be providing some unique trading opportunities apart from currencies, more infomation coming soon. We believe good support is second only to security and endevour to answer your queries as quickly as possible.
  • Bitfinex

    • BitFinex offers three main functions – it is a bitcoin, litecoin and dashcoin to fiat exchange, a margin trading exchange and a liquidity provider. Although the company is said to be in Beta phase there are a number of features available that expand the financial positions you can take – for example the ability to short Bitcoin via margin trading.
  • Bitstamp

    • Bitstamp is run from the United Kingdom and is one of the most popular fiat to Bitcoin exchanges. Bitstamp only allows for one exchange pair of USD to Bitcoin but does use conversion of other fiat currencies via its Slovenian banking partner which will incur higher fees.
  • Kraken

    • Kraken is a top European based exchange and offers a variety of fiat to bitcoin pairs such as JPY, EUR, GBP and USD. Volume is decent especially on the JPY BTC pair after MT Gox’s collapse – with Kraken assuming the mantle in that region. The exchange also has a smattering if popular crypto to crypto pairs including litecoin and dogecoin.
  • BTCe

    • BTCe is a decent all round exchange focusing on its core base in Eastern Europe. Pairs include fiat to fiat, fiat to crypto, and crypto to crypto – although limited to the major volume currencies.
  • EtherDelta

    • EtherDelta is a decentralized Ethereum token exchange, brought to you by Etherboost. Here, users can trade any most Ethereum-based tokens such as Iconomi, Augur, 1ST, and others. The exchange currenly has only one fee, which is the 0.3% taker fee. Deposit, withdraw, and maker transactions are all free.
  • Kucoin

    • Ensure trade safety by financing-level user data encryption, dynamic authentication, and multi-level risk identification & control. Instant deposit and fast withdrawal, deposit accomplished within 2 minutes. Founded by the tech expert from Ant Financial. With the rich experience in the high concurrency financial system, our engine enjoys unique memory matching and distributed accounting technologies, processing over 1 million orders per second. Multi-layer encrypted wallet enclosed in the bank custody; Funds managed by third party and reports issued by bank regularly.