This token is representative of a trading platform that advertises themselves as a cryptocurrency one-stop solution, hence the name. Investors can utilize the platform not only as a cryptocurrency exchange but also as a fiat gateway, an access point to new ICOs, an e-wallet, a marketcap widget and many more features. The developers' goal is to create a simple to use platform that will provide investors with enough resources that they will not need any other tools or websites to trade.
They also offer their users added security features, instant currency swaps, and the ability to transfer their assets seamlessly between the exchange and a safer digital wallet. This allows investors to have their funds available for quick trading without having them vulnerable to unauthorized account activity.
The token for this project allows for its holders to instantly participate in a diversified portfolio of currencies. That's because by making a COSS investment you will earn a percentage of fees generated by other traders using the platform. Though you will not earn the website's token, instead you will earn tiny fractions of every currency transaction.
This sounds attractive at first, but in reality, you will likely just be earning fractions too small for them to be worthwhile, or worse currencies you never wanted in the first place. However, if you are earning a big enough cut and the transaction volume continues to increase, then it could be a worthwhile venture.
There's only a couple of exchanges upon which one can buy COSS, but that's likely because this token belongs to its own exchange. That means that the best place to buy it is on the website itself, and investors will be able to do so by utilizing either Ethereum, Bitcoin or the US Dollar. Ethereum holds most of the liquidity here, and it will likely provide you with the best price if you decide to make a purchase.
This is an ERC20 token, and investors will need to utilize a reputable Ethereum wallet in order to safely store their investment. While it's best to use a private wallet for this such as Meta Mask or Coinomi's mobile wallet, you do also have the option of storing it within the platform itself. Investors should make sure to always backup their wallet files or seeds and store them in a safe place in the event that they need to restore their wallets.