KuCoin just announced that they have officially listed Cosmochain COSM as one of their tradable tokens. Trading and deposits are now available with trading pairs such as COSM/BTC and COSM/ETH.
About Cosmochain (COSM)
Cosmochain is known as a Business-to-Customer platform that connects cosmetics products consumers and content producers to cosmetics businesses. Through the Cosmochain platform, the team is endeavoring to assist companies to build better products by giving them proper insights about customer behavior. This behavior will be based on customers’ activity on the platform, and by getting information from feedback and reviews. Moreover, companies can consume relevant customer information to help them in the R&D phase of the product development. On the other hand, customers will be compensated in tokens for sharing their private data, engaging on the platform, and for performing specific tasks such as content creation, watching ads, joining in sponsored events, and other.
The cosmochain ecosystem includes three different asset classes: two tokens controlled by the blockchain Cosmo Coin / Cosmo Power and the third in-platform index, Cosmo Level for representing the contribution level in the platform.
- Cosmo Coin is the main medium of economic activity and exchange in the Cosmochain platform. To businesses, Cosmo Coin is used as a method of payment for using several solutions within the Cosmochain network. To individual users, Cosmo Coin is employed as a means to obtain Cosmo Power necessary for in-platform activities, and serves as a medium of exchange to convert Cosmo Power obtained from activities into other currencies.
- Cosmo Power can be gained by conversion from Cosmo Coins or through community participation, e.g., posting reviews, upvoting and downvoting posts, and it exemplifies the level of participation to the platform.
- Cosmo Level is an indicator and measure of a user’s contribution to the Cosmochain community. Cosmo Level is defined by the total amount of Cosmo Power accrued in the designated time window.
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