The real value that I see in the COSS token.
For those that are unfamiliar, COSS (Crypto One Stop Shop) seeks to be user friendly a platform that serves as a trading platform, marketplace for vendors, and an exchange. The COSS token entitles the owner to a sort of dividend, amounting to a 50% of the revenue of the site. The platform pays out whatever the revenue of the site is, in the currency they were derived from. This provides COSS holders with a basket of currencies into their wallets, that, broadly speaking, match the market. This is the real value.
It seems to me (and I would be interested in seeing what other people think of this, especially if they disagree) is that this is essentially a crypto-index fund, as far as i am aware the first one so far. It would be different from conventional index funds, that it would be weighted by trading volume rather than market cap, but it gives COSS holders exposure to the broad market without having to research and learn and make guesses about all of the emerging currencies. Because if you are like me, you guess wrong a hell of a lot... And if the success of this "index fund" matches the success of the index funds of the conventional stock market, your performance over time is almost guaranteed to match the market, while most other people (yes, even smart people like you), do worse than the market, once you factor in fees, performance chasing etc. If you are unfamiliar with index fund theory, google Jack Bogle.
That being said, there is still a huge risk here. The success of this token depends almost entirely on the success of the platform, which is far from assured, but, even a moderately used exchange has a tremendous potential as time goes on.
What are your thought? Are there any other tokens that function in this way?
Full disclosure: I own this (obviously) and I am a greasy shill... (also obviously)
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