Contentos (COS) token has been gaining during the day. The cryptocurrency entered various top gainers and trending tokens’ list during the past twenty-four hours because of its phenomenal performance. The token had been under strong bears as the new year started; however, the bears have lost all grip on the token as the downtrend was broken and COS coin started gaining upwards. Currently, the cryptocurrency stands at a price level of $0.019 and the price has witnessed an increase of nearly 30% during the day. COS coin launched a new roadmap recently and in anticipation of interesting developments, the token began surging upwards.
What is Contentos?
Contentos is regarded as a global content environment which is completely decentralized and it is revolutionizing the entertainment industry with its value proposition. Decentralization is the new big things in industries throughout the world and the entertainment market is one where it has had a head start as decentralization encourages creativity and ensures content creators are given their deserved rewards. Contentos allows various stakeholders of the entertainment industry including artists, consumers and others to come together and in a synergetic approach create a unique marketplace that maximises every stakeholder’s gains. It enables content to be floated around completely free of costs. It also makes it easier for creators to earn through their creations by giving them the rights of their content.
It has a peer-to-peer profit distribution architecture without any central middlemen to take up portions of profits from stakeholders. Moreover, Contentos also has a distribution system for the traffic based on decentralization along with tracking transactions. The credit score of users is also tracked. The whole system is designed to maximize the efficiency of the industry. This is what makes it so unique and has been partly responsible for the surge in the price of the token.
COS Coin: Future outlook
The current year is expected to be full of developments for Contentos which has been contributing to the current price rally. In the second quarter of 2022, the project is aiming to delve into NFT real estate and the mainnet will also be equipped to support Web 3.0 virtual open ID. The final quarter of the year, the platform is expected to enable DeFi and virtual property leasing and open cross-chain open ID support for some of the major blockchains like Ethereum, Solana etc.
