How To Buy Contentos (COS)?

A common question you often see on social media from crypto beginners is “Where can I buy Contentos?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Contentos (COS)

First, you will need to open an account on a cryptocurrency exchange that supports Contentos (COS).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Contentos (COS) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Contentos (COS)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Contentos (COS) or Contentos (COS) trading pairs. Look for the section that will allow you to buy Contentos (COS), and enter the amount of the cryptocurrency that you want to spend for Contentos (COS) or the amount of fiat currency that you want to spend towards buying Contentos (COS). The exchange will then calculate the equivalent amount of Contentos (COS) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Contentos (COS) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Contentos (COS)?

Contentos is a blockchain protocol that aims to form the foundation for a decentralized digital content ecosystem that empowers all members, including creators, consumers, and advertisers, to earn fair compensation for their contributions. Contentos also intends to establish itself as the future Ethereum of digital content, accepting content DApps of all kinds. In addition to regular token transfers, it also supports recording a wide range of content creation and social behaviors. The built-in economic system automatically settles rewards to block producers, dAPP creators, content creators and curators in accordance with the reward plan formulated by the Contentos Foundation. Turing-complete smart contract system and rich contract APIs provide a very broad customization space for marketing. By introducing the novel saBFT consensus algorithm on the basis of DPoS, Contentos has an industry-leading service response speed. The average block finalization delay is 1 to 2 seconds, which provides solid support for smooth user experience of dAPPs.

Social media offers the opportunity for every user to have a platform dedicated to the promotion of their individual visions of the world at large. The current content ecosystem is run by centralized platforms that depend on advertising for revenue. Content creators are, therefore, pressured to produce content that is approved by advertisers instead of following their creative muses and expressing themselves freely. The constraints inherent to ad-driven content platforms begs the question of just how much freedom of expression is actually allowable. Are these individual influencer world views being traded in for carefully-crafted sponsored content for the masses? Furthermore, when looking at the bottom line, it’s imperative to ask the question, where is the majority of the money going? In the current content system, corporate platforms reap the lion’s share of rewards generated by ad dollars, leaving mere pennies to the influencers whose content the platforms depend on. These tech giants tempt content creators with promises of viable income while exploiting their creations for their own gain. In this model, creators and users lose while the tech platforms flourish at their expense. At Contentos, they believe all members of the content ecosystem should benefit from their contributions. By utilizing the tokenization enabled by blockchain technology, Contentos aims to bring to life the dream of a more fair and democratic content environment. Content creation, curation, distribution, storage, and verification are all rewarded in COS tokens, the unique cryptocurrency powering the Contentos ecosystem.

Contentos Decentralized traffic distribution

The Contentos protocol decentralizes the distribution of traffic, thereby forming the foundation for a more democratic content ecosystem that supports emerging creators in finding and building an audience. Beyond rewarding influencers for creating great content, the Contentos ecosystem also rewards any participant who positively contributes to the health of the network. These participants include professional distributors, community operators, and ordinary user distributors. Operators can categorize, label, and review content. Larger numbers of operators will eventually produce more objective and accurate descriptions and reviews of content. At this point Contentos will use artificial intelligence to personalize matches between content and users. Professional distributors will also match and distribute content to target audiences. By liking, commenting, sharing, and engaging in other social behaviors in the ecosystem, distributors can earn rewards for driving traffic to content.

What is the COS token?

COS is the native token of the Contentos system. COS has more than 100 million potential cold-start users worldwide (refer to Investors and Strategic Partners). 10 billion COS tokens will be issued, which are ERC-20 Token Standard tokens based on the Ethereum protocol. After the release of the native COS token, the exchange rate will be 1:1 (ERC-20 COS token: native COS token). The ecological reward, which constitutes 35% of the total COS token supply, will gradually be released across 12 years. The total COS token supply will remain constant during this 12-year period. Only after the ecological reward has been released completely can BP vote to issue extra tokens, if required by ecosystem development needs then.

The Contentos (COS) ecosystem

COS wallet

Contentos will develop a digital asset wallet which will be used to store COS. The user’s wallet will be automatically created and synchronized between devices with an encrypted cloud backup.

Contentos credit system

All reward income is directly correlated with user credit to encourage users to provide high-quality, honestly-selected content and to limit malicious, dishonest behavior. The amount of COS tokens and time tokens have been held will be factored into user credit rating to encourage invested, long-term participation in the content community.

Content creation rewards

All rewards earned for content will be positively correlated to users’ real-time credit scores and the number of COS held by them. The rewards will also be correlated to current production frequency and the number of videos currently on the ecosystem. The fewer videos in the ecosystem in total, the larger the rewards distributed to each content creator. Therefore, early content creators will earn more token rewards, incentivizing involvement by early adopters. As the ecosystem grows, the rewards earned from producing content will decrease and even drop to zero. By then, creators will be able to earn healthy revenues from subscriptions, gifts, and advertising and thus no longer need to rely solely on rewards from the ecosystem.

Activity rewards

Activity rewards incentivize those leaving comments, which not only play a role in promoting content but can also provide suggestions for creators on how to improve content or inspire new content. If the number of “thumbs up” is larger than the number of “thumbs down” for a particular comment, the user will earn a reward. However, if the “thumbs down” are larger than the “thumbs up,” the comment reward will be zero, and at the same time, the corresponding credit score will be negatively affected.

Contentos development updates in 2023

Contentos, a decentralized content ecosystem, has made several significant advancements in 2023, particularly in the integration of AI technologies and the expansion of its blockchain-based platforms. Here’s an overview of the most important updates:

• AI Content Production and Recommendation Tools: During Consensus 2023, Contentos announced a new content AI roadmap. This includes the integration of AI content production and recommendation tools into COS.TV, a Web3 video platform within the Contentos ecosystem. The goal is to improve content creation efficiency for creators and enhance user search experiences while combating false content through AI content recognition technology​​​​.

• Development of AI Tools and Digital Real Estate: The AI roadmap of Contentos encompasses the development of various AI tools, including interactive video search tools, advertising recommendation systems, and content recognition engines. Additionally, it involves the development of digital real estate based on a content metaverse, COS.SPACE, and the launch of an AI photo creation and sharing tool​​​​.

• AI Film Festival: COS.TV is hosting an AI Film Festival, a global AI film creation competition. The event is noteworthy for its unique focus on AI-themed creative content, and popular creators have shown interest in it. The Contentos Foundation plans to reward 1.5 million COS tokens to outstanding creators during this event​​​​.

• Growth of COS.TV and COS.SPACE: COS.TV has grown into a blockchain-based video platform serving over a million creators and content communities monthly. COS.SPACE has also gained popularity, recently hosting an Exclusive Expo for TIENTHUATTOAN, a prominent community in Vietnam. During Consensus 2023, COS.SPACE offered a Virtual Consensus, allowing users to join the Contentos team live in the Metaverse​​​​.

• Focus on User Experience and Web3 Applications: Emphasizing the need for a seamless user experience, Contentos’ co-founder Mick Tsai highlighted the importance of AI and blockchain technology in enhancing the relationship between creators and consumers. This vision aligns with the broader blockchain community’s focus on improving user experience and popularizing Web3 applications​​​​.

These updates mark a pivotal step in Contentos’ journey towards creating a more efficient, decentralized digital content ecosystem, leveraging AI and blockchain technology to empower creators and enhance user experiences. The community and investors in the Contentos ecosystem are closely watching these developments, which are expected to significantly influence the platform’s performance and utility.

Official website: https://www.contentos.io/

Best cryptocurrency wallet for Contentos (COS)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Contentos (COS)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).