As part of KuCoin’s excellent development, today, they have listed another unique project that would interest investors and partners. The recently added currency is the native token of Cosmochain, a blockchain-based decentralized platform.
Deposits can now be transacted with trading pairs including COSM/BTC and COSM/ETC. All transactions can be executed using KuCoin’s App or to their website at www.kucoin.com.
About Cosmochain (COSM)
A cosmetic platform that connects customers that buy cosmetics/beauty products and create related contents such as
blogs, images and videos, and feedbacks with companies (brands/manufacturers/distributors) that require different sorts of beauty related database.
What Cosmochain Aiming To Resolve?
- Differentiating real from fake information
- Benefiting/monetizing from contributing to
data collection or content creation
- Security of personal information shared online
- Measuring marketing ROIs
- Obtaining real target user data for better R&D
- Real targeted, personal marketplaces to reach
potential fans of the products/brands.
There are three tokens employed within Cosmochain, all advantageous in their way. Together, the three tokens build a quiet unique ecosystem with an economy featuring on user involvement.
Cosmo Coin (COSM): Cosmo Coin is the initial medium of economic activity and trade within the Cosmochain platform. To businesses, Cosmo Coin is used as a method of payment for utilizing several solutions within the Cosmochain system. To individual users, Cosmo Coin is utilized as a means to purchase Cosmo Power required for in-platform activities and acts as a means of exchange to transform Cosmo Power gained from activities into other currencies.
Cosmo Power: conversion from Cosmo Coins can achieve cosmo Power or within community contributions, e.g., posting reviews, voting up and down posts, and it depicts the level of participation to the network. Therefore, Cosmo Power can be utilized as an indication of influence within the community, and when obtained or purchased Cosmo Power can be utilized to purchase products in the Cosmochain platform’s Marketplace. Depending on the level of participation, Cosmo Power holders are given with “Activity Credits.” Users who want to tokenize Cosmo Power have the option to convert Cosmo Power to Cosmo Coin over a 30-day vesting period.
Cosmo Level: Cosmo Level is a pointer and measure of a user’s participation in the Cosmochain community. Cosmo Level is determined by the entire amount of Cosmo Power gathered in a moving time window. Cosmo Level cannot be bought by Cosmo Coin or changed from Cosmo Power – it can only be gained through activities within the platform. Depreciation is employed to Cosmo Level through an exponentially weighted moving average, which encourages active platform activities.