Things Are Looking Better Over At COSS As It Recently Adds COSS Fee Token (CFT)
There has been an up rise of cryptocurrency tokens in the last few years since bitcoin hit the headlines. Some of them have been pretty useless, completely lacking a usability.
However, the CFT is different from all those useless coins you will find on Coin market cap, it has a real-life use case. Trading exclusively on COSS.IO, a trader earns up to 25% discounts when using CFT, rather than using the usual trading pairs.
Such discounts will see institutional accounts, traders who trade often, and market makers make more since it will save them trading costs in the long run. Later on, the creators of CFT plan to integrate community voting, ICO participation, as well as other functionalities of the coin.
To make even this deal much better, what the CFT user will be charged as fee will go to FSA, a common feature found in the COSS platform. Doesn’t that sound awesome! Now, the 50% of the total amount of trading fees on the platform will equally be distributed through smart contract to each COSS holder. This will allow them to increase their value.
There is a total supply of 240 million CFT tokens. However, only 120 million will be available for the public to sale. The other 120 million will go to promos, COSS affiliate program, airdrops, among other functions.
The total supply of CFT coin will be adjusted automatically because of the inbuilt Zeppelin burn function. This burn is at a fixed rate of 1M CFT tokens until its total supply is halved. Wondering why the burn? Well, a burn will ensure the value of CFT grows thus more money for the people that are holding it.
Now to kick start the CFT token, there is a huge trading promotion currently running at COSS.IO. This promo is unique in that it includes trading in all pairs that are on the site. The winner will go home with 1.1M CFT tokens.
If you missed out on BNB, this is your chance to redeem your safe. Get over to COSS.IO and contact them for more information on how to participate in the promotion.