My unbiased review of COSS.IO
Posted Feb 27, 2018, 12:33 PM UTC
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RE: Budget, the cost of promos is fronted by the ICO's rather than COSS itself, and COSS still has somewhere in the neighbourhood of 6000 ETH that hasn't been touched from their ICO, to say nothing of actual fiat or other currencies the team has at their disposal. Budget is a concern for any business, but it is not of particular concern here.
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I did not see the video but are are you sure the promos are 100% covered by the ICOs?
For example, yesterday I ran some numbers on the Tigerium (TIG) promo as I was surprised they had 400,000 TIG for top traders with such small volume on the first 30 days. I calculated Coss taking around 0.1% on that volume in avg (and half of that going to Coss holders of course)... I found out that at best they made a few grands, and 400,000 TIG is around $80k at the time being.
I really hope you are right and the cost is on the ICOs and not on Coss... But if you are wrong and part of this cost is on Coss, then it is obviously not a good marketing idea.
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The cost is on the ICOs. The ICO can run a promo in lieue of paying the listing fee to be added to COSS.io. it's in Slack, Telegram, and on the coss website.
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Yea a lot of the trading promos are being funded by the ICOs themselves, it's part of the pricing structure for getting listed on Coss. The bigger ones probably have more complex agreements, and obviously the Coss promo is all Coss.
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Some promos are paid out by the coin in question
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They all are.
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Exactly!
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In the comments :
Would someone kindly remove this person from the gene pool? It's not even the same kind of market, ffs. I just can't fathom the stupidity of all these new "DEX maximalists" who think that decentralized exchanges will rule the world in two weeks. There's no fiat on them, they don't comply with a lot of laws over the world, and there's no one to help users if they fuck up something.
And on top of that Blockport isn't a fee split token.
DEXs are a great thing to have, but damn, you must be retarded to believe they're going to oust centralized exchanges at any point in time. They'll just coexist and target different goals.
Then again, it's a YouTube comment. I don't even know what I expected.