COSS EXCHANGE UPDATE SUMMARY! Massive Announcements Regarding the COSS Token (ERC223 now)
Hi! Today's post will be a summary of this Medium article posted by Rune!
Summary of the content
- COSS will soon be an ERC223 token!
- This eliminates the problem of lost tokens
- Saves energy compared to traditional ERC20 tokens
- Allows devs to handle incoming token transactions
- Will be happening on March the 4th, with deposits and withdrawals being paused during this change
- FSA will now happen on Mondays, the snapshot + snapshot will happen on the same day!!
- Price to distribute fee split is halved
- The "fork" will happen automatically and you don't have to send your "old" COSS anywhere
- New UI improvements
- Reduced fees for listing on COSS
- FIAT trading is on track to be implemented end of March
- New marketing campaign out soon
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COSS sounds interesting and I've considered investing in it, but the revenue-sharing model makes it a security, which means most of the major exchanges won't trade the token without the proper licenses.
COSS is pretty much a share of coss.io, thus other exchanges won't trade it anyway!
Much like BNB and KCS are only traded on their native exchanges.
Great news, but March is still the most important thing to watch for. Excited to see if the fiat gateway will deliver as promised, and if the servers can withstand hopefully an increased usage
i 100% agree!
If the fiat gateway is successful and their servers can manage like they claim, I'll be rich ;)
However, if they fail to deliver, I might need a day job LOL
after I saw my friends succeed in steemit I was interested to join here because I see this steemit can make someone eager to struggle and try even disabled people can feel like having a day job,