COPIED FROM REDDIT



The Great Debate (Should you be worried about current volume?)

We all know that exchanges rely on volume and liquidity to gain noteriety and attract new users. Many exchanges (if not all at one time or another) utilize some form of wash trading to do this, though none would ever outright admit to it for legal reasons.

Unfortunately for exchanges with fee split sharing, WT becomes tricky business...

The purpose is to attract new users and investors, but most WTing doesn't generate fees, so current investors and in all likelihood the exchanges core user base end up taking a hit to their return on investment (ROI). This in turn generates tons of negativity and frustration, leading to FUD and wild accusations, scaring off most would be users and potential new investors, completely defeating the initial purpose of pumping volume in the first place.

Hence the title, Great Debate: Is it better to have large volume with low ROI in FSA or to have low natural volume but high ROI?

Well, COSS spent months at or above $5M volume, reaching as high as $10M... The FSA ROI and token price collapsed, trust was lost, wash trading and fud allegations ran rampant... Custom fees for a few large liquidity providers was said to be the culprit.

After all that time, we have little organic growth to show for it.

Recently, there has been a noticeable change in strategy, which has led to a dramatic drop in daily volume, and because we've been so conditioned to view volume as a metric of exchange quality and strength, many people are becoming concerned.

Luckily these changes coinside with an overall shift in market sentiment, where even major sources of exchange info like Coin Market Cap are shifting their focus on liquidity as opposed to overall volume (which is a much better metric of strength).

Hopefully the following points of optimism help shed some positive light on the potential future of the COSS exchange and ecosystem.

Though volume is way down from months ago, both liquidity and FSA ROI has improved and hopefully this new strategy plays out as follows:

1- Organic volume increases ROI in FSA.

2- FSA ROI attracts attention of potential investors.

3- FSA ROI remains consistently high as new investors jump on board.

4- Token price rises attracting even more attention.

5- Some new investors become active traders adding more growth to daily volume.

6- Word begins to get around that COSS has the best trading fees in crypto (bc THEY DO), attracting more and more big time traders who want to take advantage of the NEGATIVE MAKER FEES.

7- The steady rise of natural, fee paying, organic volume, FSA ROI, and COS token price attract positive attention and help to change market sentiment, opening the door to a wave of new traders and investors who had previously been on the fence, reluctant to join what was once seen as a “shady exchange.”

8- The next Bitcoin bull run and alt season arrive solidifing COSS' place as a top 25 (or better) exchange. 🤞🏻😉👍🏻

Okay, that last one is wishful thinking, but not far fetched if 1-7 play out as hoped.

    
Letter from the CEO, Rune Evensen - December 2019

LINK:

https://medium.com/coss-official/letter-from-the-ceo-december-2019-9ad1c30496a7

Did you email the team about this?

As far as I know the COSS exchange site has already bought by LALA token and that's why lala team is responsible with the coss exchange site right now. And I agree with you if this is really unfair because another project like crypterium makes the ability to swap to token becomes available forever.

I had been holding lala in the past but I have sold all of my tokens when it has gotten a pump.

Have you tried to ask the admin on TG group?

hear you say that Coss has been purchased LALA do you have a link to go to the update ?,
I just heard it now, sorry, if there is please reply to me, thank you

You must have missed the coin swap from COSS to COS, as there was a merger with COSS and another Blockchain project, LALA LAND. I could have been very well off if I had sold the COSS token at ATH in the 2017/2018 January boom but I missed that big chance. It is still a very good project though and I plan to buy a small bag to hold as part of my crypto portfolio for the future. I think they are trying very hard to make it grow, despite the fact they didn't raise much in their ICO as many other projects did. They started off very modestly but at least they are around, unlike many other projects that have died over the past few years. The market cap for COS is just over half a million USD which is so tiny compared to what it could be, so in a little boom and more developments and volume, it could really take off again. To reach through those all-time highs again, we would really need the volume on the exchange to grow more and more. Right now the price is at an all-time low and a real steal, with only 200 million supply. All-Time High   $2.99 USD (Jan 14, 2018)
All Time Low$0.006213 USD (Dec 23, 2019)

If you've ever thought about to run a Grid Bot but didn't know how to setup, here is a easy way to setup one with the exchange coss.io - more below.

The best is with a grid bot you are mostly get the "maker fee" (because you provide liquidity), which is currently 0.00% on this exchange. As soon you have over USD 5000 volume within 30days (average 30 day rolling volume), you will earn to trade. Maker fee change then from 0.00% to -0.02%, means for each trade you earn 0.02%.

Here are two free grid bots to download and easy to install (only for coss.io):
https://github.com/omer259/Simplicity
https://github.com/Br0ke138/coss-bot-platform

I give you also my referral link if you want to Register at COSS: https://www.coss.io/c/reg?r=L1LCXJJ47F
However, if you mostly will get the maker fee, I will not earn anything if you register with my referral

There are several lucrative pairs you can setup, just try it out. For a Grid Bot it is always the best that you choose a pair for which you would hold both longterm, e.g ETH/BTC - Or if you just want to be speculative on BTC and think BTC will be within a range in the next month, try BTC/USDT.

Kindly note this is no Investment Advice, you will choose this exchange and to setup a Bot Grid at your own Risk. I will not be Held responsible for any gains or losses caused.

other than that there was a problem that I heard, just losing the private key could not be helped for what they made the application if they could not help the user, even though email access and cellphone numbers were still clear, that's why I didn't like their wallet application

It looks like that not only the exchange site but all of the mobile apps are getting removed from the store right now. Some people have already complained about that. It's very strange to see that and is there a correlation between the app and exchange site maintenance?