Most Recent Announcements from COSS

I have added this thread to help the community stay up to date with announcements from the COSS team! I've added a feature onto the header of the subreddit where it will link you directly to this post (Press on 'Click here for recent announcements')

NEWEST TRADING PAIRS

MOD/BTC - MOD/ETH

OMG/BTC - OMG/ETH

VEN/BTC - VEN/ETH

ENJ/BTC - ENJ/ETH

KIN/BTC - KIN/ETH

LINK/BTC - LINK/ETH

UPDATED AS OF 11/10/2017

• Updates/Upgrades we are currently working on:

-Better display and information regarding the fee-split allocation.

-Fixing the 24h high/low display on the exchange.

-Fixing the rank of tokens/coins to be displayed in either USD or BTC value.

-Adding graphs to the current UI (tradingview)

-Exploring FIAT options for ETH and BTC

-Exploring USDT (TETHER) option.

-Continue to fix wrong deposits to wrong wallets issues.

-UI team looking into all the feedback regarding brand new UI

-Considering and getting quotations for a brand new exchange engine that can handle bot trading/speed and volume much better than the current one (Q1 2018 project)

-Shortlisting more tokens to be added based on feedback from community.

-working closely with several upcoming ICO's to offer them through the COSS platform including promo's/airdrop etc.

-Looking into COSS gadgets/promo material like t-shirts, cups, mugs, bags etc...

-General bug fixing.

And a lot more.............

UPDATED AS OF 10/28/2017 11:28am EST

• On Oct 31 11:59pm UTC, COSS will list ENJ. It is the aim to also list LINK, KIN, and VEN at the same time (not 100% confirmed yet

UPDATED AS OF 10/21/2017 11:32am EST

• The DAO has begun! It will occur in [phases!] (https://i.redd.it/72qk084j83tz.png)

• Trading limit is now 100k for all accounts until new KYC is in place.

• The next payout block has been announced. Please check the 'Next Payout Block' link in the bar above!

UPDATED AS OF 10/17/2017 3:37pm EST

• The split fee has been listed on your dashboard! Props to Rune and the team for keeping their promise on this.

• The dashboard amounts will be pushed to everyone's wallets when the DAO goes live later this week!

UPDATED AS OF 10/16/2017 3:21pm EST

• Rune: Dear all. A few more milestones added. Yesterday we passed 20,000 trading accounts on coss.io Yesterday we passed 2000 users on our slack community. And now we are all eagerly waiting the most anticipated milestone of them all: The Token Based Fee Split Allocation which is set to take place later this week. Also worth mentioning is that we have updated our nodes and are well prepared for today's ETH Fork ( https://cointelegraph.com/news/ethereum-hard-fork-happening-now-user-advice )

• coss-rune [12:12 AM] Please note that it seems to be many that are screening for weak password these days. We are receiving many emails about attempted logins with IP's from multiple locations which is not the users. One of the IP's should always be from cloudflare and the other one should be yours. If the second one is not yours, please report in the IP so we can block it. Stay safe. https://www.iplocation.net/

• jacobcoss: Remember to activate 2fa coss.io - account - security - add your mobile - now active 2fa

UPDATED AS OF 10/14/2017 9:48am EST - THESE ARE NOT OFFICIAL ANNOUNCEMENTS BUT WORDS FROM RUNE

• [A great summary of recent FUD, announcements, and the future] (https://www.reddit.com/r/CossIO/comments/76c69g/wallet_update_delayed_coss_taking_a_hard_but_very/?st=j8re44qf&sh=bd6d0a65)

• Rune: They are working around the clock on it. The next snapshot will be done tomorrow, but it will be later in the week before the actual distribution. It will then be distributed for both snapshot 1 and 2. Non ERC20 tokens such as BTC, Waves, ARK, LSK, BCH will be converted to ETH and pushed to the DAO, the rest should be distributed as displayed.

• Rune: Right now it is all hands on deck to get the DAO and the distribution ready, and that obviously pushes all other timelines for DEV. But the KYC process has high priority, so hopefully once the distribution is done and running smooth, the KYC process should be next in line.

• Team Priorities: 1) Payout Distribution 2) KYC and Trading Limits 3) Deposit/Withdrawal Speed 4) New Coins

• Rune: Doing out best. And we understand the frustration, but when dealing in IT you may think you are minutes away from having something ready, and suddenly one thing doesnt work and it takes days to fix. Some companies such as Facebook for example launches things early, and then do fixes based on feedback. That we cannot do with the DAO. Once its out there it is decentralized and runs its own life based on the coded rules. On other features its not so crucial, and feedback is very important.

• Rune: All I can say is during the week that starts. Audit/vetting that it (the DAO) is 100% correct is the most important. Have in mind that over the next 10 years you will get 520 distributions. Then you will think back and not worry too much that the first two were a bit late

UPDATED AS OF 10/13/2017 10:47am EST

• Rune: "Hi. I see there is a lot of FUD this morning, but we can live with that and we understand that some have concerns. To see it repeated by the same few users so many times shouldn't be that necessary though. The original idea of a One Stop Solution was mine, and hence I was at the helmet in the beginning, but I am a visionary much more than I am a potential CEO. I am creative and hard-working, but when scaling and growing you need solid and good people around. I was never fired or hidden for any reason, the company simply grew and we needed qualified people to lead the team. My idea of a One Stop Solution was submitted as a project during a MIT course I attended in 2016, and they scored the idea 100/100, and that was the validation I needed for my idea to actually build it and the formation of a team started. That I have been involved in failed projects before doesn't stop me from moving forward. And I would never encourage anyone to stop just because of a failure or two. From mistakes we learn, and from mistakes we move forward. There is a big difference in making mistakes and learn from then, to keep repeating the same mistakes. We are now in the process of building an even stronger team that will be capable to scaling the coss platform to where we aim it to be. We are in this for the long haul, and we dont quit. When seeing people screaming about the lack of an linkedin profile, I must wonder how did anyone do business just a few years ago, if that is to define you. I have traing account with at least 10 crypto exchanges and I dont know even the name of a single CEO on any of them, not even name of team members. I contact them on support if a withdrawal is a day late, and they reply to me after 3weeks if ever. They have chats on their exchanges, but no-one from corporate to answer questions, no open communication channels like slack or telegram or any of the such. And some of you in here are very correct: VRS was NEVER a scam and will never be, it was simply a business that didnt work. Look for example at DOGE, it was created as a FUD towards BTC, and it was supposed to be a joke and had no dev support, over time it started to grow, and new dev started to look into it, and now it has a market cap of 114M USD with a 4M daily trading volume. I am not saying that this will or even can happen to VRS , because it has some design flaws when it comes to tx fees etc... I am just saying that it was a legit attempt of combing affiliates with crypto in an open environment, open source, public traded with a public explorer, unlike many of the so-called scam-coins out there that are doing similar but in closed environment with price manipulation to attract growth. Turned out not to be sustainable, but lesson learned. Bottom line, we are here to STAY, and we will do our utmost to deliver on all our promises. Best regards Rune"

• With regards to the charity funds: "That part I notified dev on this morning, and we conculded that the solution we went with was not the best for transparency, so the 10M for charity will be moved again to a separate wallet that includes the identifier, and we will publish the wallet address so everyone can see that not a single token will ever be moved from that wallet."

• COSS - Tim [12:19 PM] As CEO, my immediate tasks are that scaling up our technology capabilities, drafting a financial road map that prioritizes sustained growth of the company, and aligning our compliance procedures with that of the best practices within the financial industry. Our legal opinion states that all distribution of the token fee split allocations is to be done only by a DAO and to not be in any way influenced by C.O.S.S. Pte. Ltd. During the final vetting and testing of the current DAO, it was discovered through a technical audit, that it does not fully satisfy the criteria of being 100% decentralized. Therefore, it is with view of the regulatory environment, our submitted legal opinions, and the vision of where COSS will be in the future of this industry, that I made the decision on delaying the execution of the DAO for distribution of the token based fee spilt allocation. I take full responsibility for this decision and believe that it is in the best interest of the shareholders of the company along with all token holders, the distribution of the allocated tokens will be effected next week, only when the compliant DAO is properly and thoroughly vetted. Token fee split allocations will continue to accumulate accordingly during this time.

• coss-rune [12:38 PM] Dear all. We are still doing our utmost to improve, but sorry, but we don't have an update for you regarding the Token Based Fee Split Allocation today. But we guarantee you an update tomorrow (Friday October 13th) There are some perfectly good reasons for this delay, and we think you will all understand tomorrow. We have had a maintenance period today, nothing much on the front-end, but new ETH node with the new Geth hard fork-ready version. We have also added HelloGold Token for trading against ETH and BTC. More trading pairs to be added tomorrow. We are also improving the withdrawal/deposit system to make it smoother. Again we have had a super-busy day, and in the heat of things, we forgot to announce the maintenance, we have also had multiple interviews today and hopefully we will be able to onboard some additional staff during next week.

• HelloGold Token (HGT) has been added for trading on the COSS Exchange!