I am looking into the coss token and need some feedback.
knowing where we are now as far as coss 2.0 coming and the api also being added. Lets just say those two things do happen would you buy the token now? I am not saying would you average down i am just saying if you had no position would you be looking to buy. Let me know down below, thanks
Can someone help me with this? I sent my coss tokens to coss exchange from my MEW and it is not showing up. I read something about the token got fork? Where are my tokens now? I havent fool with it since January. Are my tokens lost?
We are pretty happy with the results we made during this round, our main goal is obviously to continue our growth but at the same time keeping a decent amount of profit for the funders. During the first Round we made around 2.4% on a monthly basis, here we are at 3% on a monthly basis. A possible goal would be to stay over 2% per month while growing in this bear market.
From my past experience arbitraging between Binance and Poloniex in December, I can only say that those figures are nothing in comparison with what I've known before, we are slowly building something that will have it's full potential in the next bull run, and we are very fine with that.
Building new bridges & development strategy:
In the last report we told you we wanted to create new "bridges" to arbitrage between exchanges, and we targeted Bitfinex to arbitrage Fiat pairs on Coss. After running some test scripts to determine if there were opportunities, we decided to wait until we start seing more opportunities and also until EUR and GBP pairs are available on Coss.
In the meantime we had to choose another way, and we decided to go for a crypto-crypto exchange. After testing so many exchanges (using the CCXT library) we found that Kucoin was one of the best options we got (40 common pairs with Coss, 100+ common pairs with Binance, 0.1% fee). We built those two new bridges, they are live since yesterday (Coss/Kucoin and Binance/Kucoin).
New bridges require more funds so we decided to finally open some shares for ETH and BTC funding (more about that at the end of the report). Launching Bitfinex isn't that easy as it requires 10K$ funds to be able to trade on their platform, we are already discussing that with some potential funders and we decided to start using CCXT library for Kucoin bridges, this means the bot could be ready in minutes if we wanted to add a new bridge like the Bitfinex one.
Triangular arbitrage: as some of you know, we've started building a triangular arbitrage bot that will run using the same assets on our Coss account, we still need to work on it as Coss has some very funny features (like giving you 99.999% of what you actually bought instead of giving you 100%, even if you pay the fees on the quote currency). So this might be added soon, aiming the launch for the end of the month.
A little program for the funders:
Until now we were keeping track of the deposits, withdrawals and profit on a spreadsheet and that could work for 10-20 funders but would start to be very time consuming if we continue growing at this pace. This is why we developed a custom little program to help us with that, at the moment it's not very useful but has some nice features that will help us in our day to day tasks:
- record deposits, withdrawals and split the profits to every funder's "account"
- show the total balances of the fund for every crypto (awesome to calculate the profits and double check that our real balances are inline with the shares funded)
To all the funders, if any of you want to check what you've deposited, and what you made from that, just DM on Slack and I'll send you a copy like this one:
This is something nice to have, but soon, along with the global report, every funder who want it will receive it's own little report with a recap of their account.
Live trading data feed for CELT:
As we know from the first day, our arbitrage bot and Spielley's CELT bot are working together, this is why we decided to give a specific channel to CELT bot (#celt_last_trades),and like in the other channel, you'll be able to follow all the open orders it's creating. I wasn't expecting that much trades everyday, even if those are little amounts, it's the best way to help for liquidity.
If anyone else has a community project, another liquidity bot, arbitrage bot or anything else, if you are interested in sharing some live data don't hesitate to contact me, I'll gladly help you to set it up :)
If you wanna join the Slack, click here: Slack Link
Also, if you want more information about CELT, you can read a Steemit article here: link, and buy/sell CELT from the smart contract here: link
New shares and price updates:
More bridges means more arbitrage capacity and opportunities. This is why we finally decided to open ETH and BTC funding, those will be sent to Kucoin in order to activate the bridges. Also Kucoin and Coss have some new pairs in common, this means currencies on the three exchanges could should benefit from many opportunities.
As suggested by some users, we decided to put the available shares on a public spreadsheet, we'll update those every time someones fund a share: Google Spreadsheet
Thanks again for reading and supporting this adventure, we are really enjoying it and, as always, Coss has the best community out there... let's not forget our strengths in those hard times, we'll recover.