Cosmochain (COSM) Listed At KuCoin Blockchain Asset Exchange Platform
KuCoin, one of the world’s leading cryptocurrency exchanges has recently listed another promising token called COSM. It is the native and transaction currency of Cosmochain, a blockchain-based platform aiming to revolutionize the beauty industry.
Deposits are now open with trading pairs such as COSM/BTC and COSM/ETC. All trading activities can be done utilizing KuCoin’s App and direct to their official website at www.kucoin.com.
About Cosmochain (COSM) Cryptocurrency
Cosmochain is a parallel Company-to-Consumer system that joins cosmetics product consumer and content originators to cosmetics product suppliers, involving cosmetics companies, OEM/ODM manufacturers, R&D centers, anddistributors. Within this platform, the Cosmochain Team strives to solve the aforementioned unmet needs of bothcompanies and customers. All information collected from platform participants are retained private in this customer-centered ecosystem. Those who share their scarce time and attention toward producing and reviewing contents for others are paid with tokens and receive pro-rata ownership of the materials they create. On the other hand, cosmetics product suppliers can actualize a wide variety of “on-demand” services on the platform by utilizing API that Cosmochain provides
There are two different tokens, and one internal virtual index make up the Cosmochain ecosystem:
1) The first token is an externally exchanged token called Cosmo Coin.
2) The second token, as well as an index of participation to the platform, is Cosmo Power, which can be utilized to make payment within the platform and given out as rewards for activities, and
3) The one virtual index is termed Cosmo Level. Cosmo Level, a reputation index, is designed to prevent abuse of power within the platform and can only be acquired by actual activities and contribution. Having been designated distinguished roles within the cosmochain platform, these three entities construct a healthy ecosystem.
The success of the Cosmochain platform lies in the active participation of users – where customers create reliable data after trying out various cosmetics products and sharing the experience with one another on the platform. As a result, Cosmochain has designed its own transparent and fair reward system based on Steemit’s incentive model.
The Cosmochain platform unites this user-created data to interested company participants and distributes the payment made by the company to customers as a reward for the use of the information. Through this bonus system, Cosmochain aims to address two fundamental concerns of social media-based platforms: 1) risk of inflation following the necessity of a long-term and a great quantity of token issuance to grow the community, and 2) risk of reducing the attractiveness of contribution rewards after the inflation rate has been maintained.
Also, the Cosmochain platform intends to realize an upgraded tokenization model that brings the power back to its users by redistributing the following: the right to display ads in a user’s viewing space right to enter a privately curated Marketplace, and the title to share personal data to participate in a study or survey. Simply speaking, the Cosmochain program will go beyond merely allowing users to share one-dimensional personal information.
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