Hello, everyone. We are off to a great start this August, following an eventful and productive July.
In this update, we would like to discuss the following:
- BCH node
- ZEN node
- NEO GAS distribution
- Support for NEP-5 tokens
- TRX node
- FSA schedule
- USDT-Omni to USDT-ERC20 migration
- BTC wallet enhancement
- Simplified FSA
- Fiat payment gateway
- 100% market order bug
The BCH node on COSS exchange has been fixed, and deposits and withdrawals were opened on 01st August for all users. This was a much awaited fix and it is now behind us.
Deposits require 3 confirmations. Withdrawal fees are set at 0.005 BCH.
We continue to monitor the status of the node and are confident about the work done by our blockchain developers.
The Horizen node has been fixed. We are completing a few tests to make sure everything is working as intended. This includes testing the node through deposits and withdrawals with test tokens sent over by the Horizen team.
We are aiming to open Horizen deposits and withdrawals in the next few days for all users. An announcement will be shared on our Telegram and other channels when we are ready.
Following the node fixes mentioned above, the next task we shall undertake is extending support for NEO GAS distribution for all NEO holders on COSS.
This upgrade will allow NEO holders on COSS to receive the GAS distributed by the blockchain platform. This has been a much requested feature by our community and we continue to place your feedback ahead of everything.
GAS itself being a NEP-5 token, following the above upgrade COSS will be able to provide support for other NEP-5 tokens that are issued on the NEO blockchain.
TRX node maintenance
We completed a short node maintenance for the Tron blockchain on 02nd August. This maintenance was to resolve the occasional deposit issues that were being reported by our users.
A new FSA schedule has been under testing for the last few weeks. Users might have noticed that we are distributing FSA all days of the week now.
During the implementation phase for this new schedule, the FSA run failed on a few days and we had to re-run it the following day. The issue was identified and rectified. The team continues to monitor this upgrade in case there are any more unforeseen issues.
USDT-Omni to USDT-ERC20 migration
COSS will be switching over to the ERC20 version of Tether (USDT) in the upcoming weeks. The switch will bring quicker and cheaper transfers for our users.
This is being done keeping in mind that the USDT ERC20 version has a greater adoption rate among most exchanges. We aim to allow seamless transfers from the most popular centralised and decentralised exchanges, and wallets.
More details will be shared with you as we finalise the complete migration process.
BTC wallet enhancement
We will be upgrading to a new Bitcoin wallet service in the next few days. This is to provide more reliable BTC deposits and withdrawals from the exchange. No changes affecting users will be made during the process.
This fix is largely a backend fix.
Simplified FSA and Dust in FSA wallets
Our tech team is beginning work on the implementation of a simplified FSA structure — FSA will be shared only in COS and ETH bringing better utility of balances that you accumulate over time. This will include a consideration of the current FSA wallet balances, for which they are mapping out the best possible solution.
This change will simplify operations on the exchange itself which will also lead to greater FSA distribution reliability.
Fiat Payment Services
As mentioned in previous updates, we have been in the process of choosing a versatile fiat provider. We have a decision.
COSS will be integrating 2 fiat services in the next few weeks –
- E-wallet: We will be integrating a service that will allow you to load and use fiat currencies such as USD, EUR, GBP, HKD and JPY via Wire Transfer, EUR via SEPA, GBP via sort code among others on the exchange.
- Debit & Credit Cards: A separate provider will be integrated to process transactions made with major debit and credits globally.
Our goal is to provide a wide range of options while ensuring low fees for all our users across the globe. More details regarding the usage of the services will be shared as we get closer to completing the integration. The target for integration is August, though integration and testing support from the service providers will need to be factored in.
100% market order bug
We have rolled out a fresh fix for the ever-persistent 100% market buy bug on the exchange. A fix rolled out on 31st July, which solved the issue for a majority of our users, had to be rolled back to test it further. It has been released again on 06th August. Our team continues to monitor the fix for any issues with the same.
As usual, we continue to make other improvements to the COSS platform to provide a great trading experience. These upgrades are not always visible to our users, but it is intended to continually improve your trading experience. The team maintains a constant watch to ensure that upgrades are permanent, and any issues arising during implementation are swiftly addressed.
Thank you for your continuous support and feedback as a community.
We look forward to sharing more updates with you as they happen. Until then… stay frosty.
You can expect to hear from us again, soon… 🙂