The stamp of Contentos (COS) shot up by over 30% the day past (Thursday) evening propelling its stamp from round $0.02631 to a excessive of $0.03381 in four hours.
The stamp has, however, pulled back to round $0.02706.
While you happen to could perchance be coming into the market now, you can peaceable catch it to be rather choppy on myth of closing evening’s actions. But what brought about the extensive COS stamp actions?
Below is a abstract of the events that resulted in the price hike.
What Is Contentos?
Earlier than we delve into the trigger of the day past’s stamp hike, it’s miles serious to first point out what Contentos is gorgeous in case it’s miles your first time listening to about this blockchain and its token, the COS.
Contentos is a decentralized world advise material ecosystem that strives to incentivize advise material advent and world form and return the rights and price of the advise material to customers. COS is its native token and it’s a Binance Chain (BEP2) token.
Its imaginative and prescient is to scheme a decentralized digital advise material community that enables advise material to be produced freely, distributed, traded, and rewarded as smartly as holding the rights of the author.
Contentos platform has functions that encompass a P2P Income distribution machine with a decentralized earnings machine that keeps the price of advent originate, transparent and returns rewards on to customers. Moreover, they secure got Decentralized online page online page visitors distribution that helps to compensate the customers for his or her work and encourages them to share and promote advise material to the acceptable viewers.
Moreover, Contentos also has traceable copyright transactions which is a blockchain expertise that helps to authenticate copyright and to fully track the transactions. It has also an immutable credit rating machine that enables customers to be guilty for his or her credit rating scores that are calculated in step with every contribution they fabricate.
One of the vital ideal apps in Contentos is its COS.TV, which is the first video platform to be powered by Contentos blockchain. Using this app, customers can stare their favorite videos, share advise material, be half of the ecosystem with their friends and likewise salvage COS rewards
Why did Contentos (COS) stamp shoot up?
The first reason COS stamp shot up the day past evening used to be on myth of the announcement about their VEST Loans Bidding event, where they intend to allocate $50 million VESTS . The event is deliberate to take effect aside over in two rounds.
The event is designed to allow customers to salvage loans and form excessive weekly BP balloting rewards and this could perchance most efficient require customers to deposit a particular quantity of COS to describe.
The legitimate announcement acknowledged:
‘’It’s clear that the contents ecosystem is rising, and a $100 million market cap is barely undervalued for the mission. As such, it comes as no surprise that we’re seeing bullish momentum for Contentos as traders are flocking to the platform.’’
Earning VEST tokens for looking at videos is a huge model that used to be also outdated by crypto initiatives love the Steemit that used to be regarded because the pioneer of blockchain-essentially essentially based advise material platforms. This model incentivized user interplay.
Closing week, the price of Contentos elevated by over 30% attributable to their partnership with the Jap NFT Leisure and Abilities mission HUG HUG, as reported on Contentos.
