The COSS ICO began August 8th and ends September 6th 5am PST. COSS is an acronym for Crypto-One-Stop-Solution. As the name implies, they provide a platform for all things crypto including an exchange, payment gateway, POS, wallet, and more. They’re
Coss in their own words:
COSS is designed as a living project with infinite possibilities for extension, aimed to bring cryptocurrencies to the masses by adopting and facilitating all the existing crypto- and the blockchain-related services and products into a user-friendly, intuitive and easy-to-use environment.
The number of customers and merchants listed on the COSS marketplace is constantly increasing, and currently counts 150 Merchants and over 1000 users. COSS has an international team spread many locations across the world from Singapore (the managing board) to New York (branches) and Bucharest, Romania (Development Team).
COSS ICO info
- Symbol: COSS
- When: Began August 8th and ends September 6th at 5am PST.
- How Much:
- 65% of tokens in ICO
12.5% pre-ICO “fire swap”
15% Developers, Staff, Strategic Partners**, Operations
5% CAP (COSS Affiliate Program)
2.5% Shareholders***/Board of Directors***/Advisory Board***
- Hard cap: 130,000,000 COSS Tokens. 1 ETH = 600 Coss tokens. ETH is currently at $392 but has been closer to 300 over the last month. That gives roughly a $65M hard cap.
- Soft cap none
- Max market cap of $100M
- 65% of tokens in ICO
- Distribution: By September 20, 2017
- Exchanges: COSS, hitBTC
- Who is running ICO? Self run
- ICO Progress: As of Sept 1 at 12:15pm PST. 6884 ETH have been raised. At 600 COSS per ETH, that’s 4,130,400 of the total 130,000,000, just above 3%.
What Others Say about Maecenas
CrushCrypto analysis of COSS ICO (summary): Not good for flipping due to unlikelihood of reaching hard cap and delayed distribution date. Neutral for long term due to lack of focus and trying to provide too many disjointed services.
CrytoCompare has listed COSS and shows 54 followers, a relatively small number. Interesting, they show it has traded slightly above and below the ICO price (in ETH) at times during the last month.
TokenMarket writes that “COSS is a revenue-generating token on Ethereum designed to sustain the Crypto One Stop Solution (COSS for short) platform, which aims to boost the massive adoption of cryptocurrencies.” COSS has a moderate number of follwers at 195.
TokenData briefly describes COSS as an “Ecosystem for cryptocurrencies (exchange, wallet, PoS, payment gateway)”. No further info given.
ICORating has rated COSS as a Medium for hype and Very Low for risk score. No info on investment nor an in-depth analysis.
BitCoinTalk has a thread on COSS. Most posts appear to be by affiliates. No discuss of the low percentage of hard cap they have raised so far.
ICOCountdown has listed COSS. They give spotlight to new crypto projects with a focus on crowdfunding methodology and conduct due diligence to ascertain viability of these projects.
The fact that COSS has a working product, and have been self-funded prior to this, puts them ahead of many ICO-projects. There’s a need for a number of new crypto services, including payment processing, new exchanges, etc, but it’s hard to see what edge they have vs other, more-focused companies attempting to solve problems around one specific problem.
Their ICO used a number of bonus incentives, including up to 25% during the pre-ICO and 15% during the public ICO. While that can help buid momentum, it doesn’t seem to have worked in this case, and likely attracted more opportunists looking for a short-term flip.
At this point, with under 5 days remaining and over 95% of tokens remaining, there’s no reason to get into during the ICO phase.