Saturday, January 13, 2018

What is COSS??

What is COSS? It stands for Crypto-One-Stop-Solution.

It aims to be

  • payment gateway: To send/receive cryptocurrency
  • exchange: To swap from one coin to another - eg. I want to get Fidentiax using Ethereum
  • Merchant list: Retail. Do you know about the use of cryptocurrency at Singapore skyline?
  • Market Cap: To view price and whitepaper of cryptocurrency
  • Crowdfunding: For new idea or startup
  • Prepaid card: Top up credit card except you pay with cryptocurrency
  • Remittance: To transfer money
  • Smart Contract: Signing legal contract with partner companies or incorporate a new company
Since listed last year, it has achieved payment gateway, exchange, merchant list and market cap.
Let take a look a how is the price performance. It has gone up from USD0.06 to around USD $2. 

Taken from coin market cap on 13-Jan-18 9am


I am late starter in cryptocurrency and only invested last year June. At first, I do not believe in such things until I start to read up more about them. I spent quite a lot time reading their whitepaper and trying to understand their business model. I even have whatapp group where I share information with my close friends on the cryptocurrency.

I managed to come across this COSS startup which I believe it would do well. Hence, I invested in ICO known as Initial Coin Offering (cryptocurrency) which is similar to IPO known as Initial Public Offering (shares). To invest on ICO is complicated as there is not a lot reviews on them. Furthermore, they are less regulated. Hence, it is important to do your own due diligent.

Here is SWOP analysis of COSS. 

Strength
-Location: Singapore
Singapore is trying to promote as fintech start countries and quite a lot startup are here especially in blockchain technology. You might get a shock that there are so many here if you google about them.
-Strong Whitepaper 
They are aiming to all rounded cryptocurrency one stop solution.
-Weekly dividend payout
They paid out weekly dividend and it is in term of cryptocurrency which is attractive to me especially with the compounding effect. Furthermore, these cryptocurrency can grow in term of values. I have more than 10% dividend from my original investment excluding the growth in COSS price. It is really attractive especially looking at compound effect. 

Weakness
-Small team
They have a small team which might lead to slow support. They also need time to upgrade their system which is important especially in the fast moving technology world.
-Fail project from the founder
The founder has failed project in the past but I believe everyone do have mistake. Most important of all is learning from the past and continue to improve. 

Opportunities 
-MAS licensing by Q1 of 2018
Their plan is to get MAS licensing which will enable them to do fiat. This is one of the most important factor especially I like it to be regulated. However, the KYC process would be quite stringent. 
-Beta version
They are still in beta version where quite a number of users face issue. They target to have the new UI out by end of this week (14-Jan-18).
-More type of crytocurrency 
With more type of coins, they can grow in market cap which mean more dividend.
-Trading promotion
This would help to bring volume to the exchange.
-Other business
There is still potential growth other than the exchange which is mentioned in their whitepaper.

Threats
-Change in regulation
Any change in regulation might affect the cryptocurrency . However, I believe cryptocurrency need to be regulated especially they are quite a lot scam out there. It is not easy for retail investor to fully understand the products they are offering. I believe there would consolidation where those weaker players would be flush out and cryptocurrency would do better.
-Competition
There are a lot exchange out which they would face competition from.


Currently, I would continue to hold my COSS for the weekly dividend and compounding effect. I tried to encourage my friends to invest in it but only a few really did and they should be quite happy with it. It is not a call to buy or sell, please do your own due diligent. 


For those who are interested to know what else ICOs I am invested, here is the lists.

INS ecosystem (Re-inventing grocery system where consumer can skip the long distribution chain and benefit from the lower cost. There are 7 of Top-20 global FMCG manufacturers and 100+ in total are interested to join INS Ecosystem)

Lalaworld (It is all about migrants and their unbanked families. Its an ECOSYSTEM enabled by the LALA Wallet as a PLATFORM, a single sign on platform revolving around their issues and problems. Employment issues, digital ID’s, communities build up, government and NGO partnerships, health issues, and of course, a new financial ecosystem for the huge underbanked population by capitalizing the Blockchain revolution to bridge the gap between cash, digital and the crypto world.)

Genieico (Licensed and operational lending platform launches an ICO compliant with the Monetary Authority of Singapore guidelines. A global digital passport will serve to provide KYC, AML, and FATCA compliance. Additionally, this passport will also represent a potential revenue stream. Traditional banking fees, fiat transaction costs, and currency exchange losses cut into P2P lending margins. The Crowd Genie exchange will democratise trading and allow investment in infrastructure, stocks, cryptocurrency, and bonds across Asia and the world. 

Viola.Ai  (I believe most of us know about Lunchclick and Lunch actually which is dating & matching making. For this Viola, it aims to do personalised and secured from dating to courtship and eventually marriage. They have more than 13 years of proven track record and they do not just operate in Singapore. I believe that this project will be successful.)


It is also possible to earn through arbitrage in cryptocurrency due to price inefficiency. I would share more information on other cryptocurrency or investment idea in the future. Have a great weekend!