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Token Swap (ICO) Details
The COSS token is a revenue-generating cryptocurrency, developed on the Ethereum Blockchain as an ERC20 Token, that enables owners to receive revenues in the form of transaction fees charged by the COSS system for cryptocurrency transactions.
The COSS token holders receive revenues to their wallets on a weekly basis. Currently, the revenue share is generated from the transaction fees when payments in Bitcoin, Ether, and other cryptocurrencies supported by COSS are sent via the Payment Gateway/POS and/or through the Crypto Exchange. In the nearest future, COSS will adopt other revenue generating Features.
|Payout Structure||According to the company's bylaws, each week 50% of the transaction fees collected by COSS through the Payment Gateway/POS and the Crypto Exchange, will be distributed to the COSS token holders.|
|Total supply||200,000,000 COSS Tokens (Two Hundred Million COSS Tokens)|
|Exchange Rate||1ETH = 600 COSS Tokens|
|COSS Tokens Allocation Plan||
Maximum Supply – 200,000,000 COSS Tokens (200 mil)
**COSS Tokens allocated to the Advisory Board will be locked for 90 days.
*** COSS tokens allocated to Developers, Staff, Strategic Partners, Shareholders and Board of Directors will be locked for 180 days.
|COSS Token Swap (ICO) – Funds Distribution Plan||
All ETH from the Main Token Swap (ICO) that begins on August 8th , 2017 will go into a Multi-Sig Wallet with 3 Signatories.
The Release Procedure from the Escrowed ETH Wallet will take place annually based on the approved budgeting presented by the COSS Management:
34% - 2018 Budget