COSM (COSM) is a decentralized cryptocurrency issued based on Ethereum. Cosmochain team issued COSM by the first half of 2018, raising hardcap 50,000ETH both Korean and global investors. Cosmochain collected the funds mainly in order to bring many technological innovations throughout the value chain of cosmetics industry.
The Cosmochain Team plans to further develop: 1) a “standardized solution” by utilizing customers’ image data, 2) a big data analysis algorithm based on machine learning of merging structured and unstructured information, and 3) acceleration of user interface and user experience that meet the requirements of the rapidly changing characteristics of beauty industry customers.
COSM token can be used as a major medium for economic activities within Cosmochain’s blockchain-based beauty platform ‘COSMEE’. Users will be rewarded COSM tokens for their information curatorial activities such as creating contents within the platform / expressing opinions such as clicking like or dislike / commenting / sharing and so on. COSMEE users will be able to use their COSM tokens to purchase products in a platform called ‘marketplace’.
COSM token is distributed on May 21, 2018. Cosmochain has fundraised hard cap 50,000 ETH from both Korean and global investors through the recent ICO method (token sale contributors will own 50% of the total token supply). The conversion rate is 10,000 COSM for 1 ETH. The current token circulation volume marks about 298,397,482. Maximum market cap at ICO on a fully diluted basis is 30% (approximately 300,000,000 out of 1,000,000,000). The public and private sales are currently completed.
-Conversion rate: 10,000 COSM = 1 ETH
-Current token circulation volume: 298,397,482
-Maximum market cap at ICO on a fully diluted basis: 30% (approximately 300,000,000 out of 1,000,000,000)
Major institutional investors of ICO are comprised of Hashed, Neoply, Signum Capital, GBIC, QCP Capital, Lemniscap, Block Crafters Capital, Nirvana Capital, Nexplat Korea, and The Ventures.
-Hashed is a leading cryptocurrency and blockchain investment fund; it has invested in numerous blockchain projects around the world and accelerated projects across various industries including Medibloc, Sentinel Protocol, and ICON.
-Neoply is a Korea-based startup accelerator that focuses on early-stage startups. Neoply provides mentoring, angel-funding and work space for startups. It has incubated about 30 startups since its founding in 2008.
-Signum Capital is a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Signum Capital's mission is to realize the future of Blockchain economy by consulting in game changing projects and companies. Signum Capital participates in pre-sale stages of Token Generation Events and Equity investments.
-Global Blockchain Innovative Capital (GBIC) is a global hub for blockchain technology that furthers the development, acceleration and launch of blockchain projects. GBICs value comprises three core fundamentals: strategic investment, global community building, and best in class partners.
-QCP Capital runs two core crypto fund strategies, a Quant strategy focused on volatility and correlation, alongside a trading strategy focused on arbitrage and derivatives. The firm also facilitates trading in crypto assets, provides trading/structuring advice and helps out with treasury and balance sheet management. QCP Capital is headquartered in Singapore but has desks in the UK, Japan, Australia and a strategic focus on Southeast Asia.
-Lemniscap is an investment and advisory firm specializing in investments in emerging blockchain assets and advising early stage blockchain startups. Lemniscap believes blockchain technology will upend traditional business models, resulting in profound changes in the world economy.
-Block Crafters Capital(BCC) is a professional team of experts in blockchain, startups, and traditional finance that invests exclusively in blockchain technologies. BCCs mission is to offer investment services for investors who believe in the incredible potential and opportunities in the world of cryptocurrencies. BCC aims to further the acceleration of blockchain industry by investing in ICO projects and blockchain technology.
-Nirvana Capital is a leading blockchain focused investment fund founded by the early investors of Ethereum. Nirvana Capital has invested in leading portfolios such as Golem, Polkadot, OmiseGo, QTUM.
-Nexplat Korea is a Korea-based investment company that focuses on tech-based startups. Nexplat Korea has invested in Flint, Picneko Creative, and Bigball.
-Lastly, The Ventures is an initial start-up investment company with the motto of ‘Company Building Company’. The Ventures has successfully fostered innovative start-ups including Sell it and PARK HERE based on CEO's start-up experience on Silicon Valley and domestic & overseas network.
COSM token is currently listed in HitBTC, Latoken, UEX, CoinBene, and FOne. HitBTC is included in global top 10 exchanges, Latoken ranks global 50 exchanges, and UEX is a new exchange invested by a prestigious Crypto hedge fund, FBG. CoinBene is a new exchange based in Singapore, established in November 2017. CoinBene ranks global top 5~15 exchanges, marking average 58,840 BTC for 24 hour trade volume (CoinMarketCap). FOne, a new sub-brand of FCoin, is a China-based cryptocurrency exchange. More exchanges for listing are currently under discussion.
With an intention to create a customer-driven global beauty ecosystem, Cosmochain's COSMEE is a beauty community for sharing objective and reliable information on cosmetics where contents-creators, customers, and companies are given COSM tokens or benefits through a secure and fair reward system. Users will be rewarded COSM tokens for their information curatorial activities. If influencers were the only ones able to profit for their contents in erstwhile beauty platforms, COSMEE allows all participants to profit. Cosmetics companies are also expected to gain practical and economic benefits through COSMEE such as obtaining objective and credible information collected from customers' proactive and honest participation, developing products and brands, and increasing marketing efficiency.
Moreover, COSMEE aims to expand to Asian countries and to more regions across the globe with the support of COSMEE’s partner, Huiseoul. Huiseoul of Trillionaire (Co.) is a beauty consulting and Korean cosmetics sales platform for Chinese customers operated by Cosmochain CEO, Howon Song. Founded in 2014, Huiseoul recorded over $40M sales in the year 2017. It is anticipated that the knowhows gained through 4 years of Korean cosmetics sales and insightful skin information collected from more than 5,000,000 users will be of practical support henceforth for the COSMEE platform to expand its brand recognition in the Chinese market. Also, Trillionaire (Co.) has acquired the 11st Thailand branch, an e-commerce platform, on June 2018. Trillionaire aims to pave the roadmap to success in the Thai market through the expansion of 11st Thailand’s e-commerce services in K-beauty and fashion by cooperating as partners to further develop service platforms, product curation and sourcing, and overall management strategies. Gradually, Trillionaire along with the PM group that participated in the joint acquisition of the 11st Thailand branch, plan to further their e-commerce service throughout South-East Asia which would provide the foundation for the COSMEE platform to advance into South-East Asian markets in the future.
Launching of COSMEE Platform Pilot
pilot testing the COSMEE service in the Korean market first using a separate token
Launching of the COSMEE Platform Alpha version
officially launching the COSMEE platform in 1~2 market using the COSM token
Launching of COSMEE Platform Beta version/COSMEE Solution Alpha
testing the projects with companies/advertising agencies and the COSMEE Solution platform
Global launch/Gradual expansion
1st target: ASEAN
2nd target: America
3rd target: Europe, Oceania
See Also on BitcoinWiki
- https://crushcrypto.com/cosmocoin-crusher-july-18/#tab-con-4 Crush Crypto Crusher of the Month(July 2018)