I didn't expect CZ to be so far-sighted, investing in the project in 2019 when he announced a strategic investment in COS in September 2019. CZ tweeted his congratulations, and when COS announced its test net launch in March this year, he also showered it with generous praise.
With the backing of Binance, a massive traffic source, and the active cooperation with other traffic products, COS in its early stages has eliminated the concern of traffic, a hurdle that many public chains face, which is one of its advantages.
After 5 years, COS users have surpassed 1 million! Online videos have exceeded 13 million! Creators earn revenue through video ads and user sponsorship, while users earn ecological rewards through likes and comments, especially popular in Central and South America (Brazil, Argentina, Mexico), Asia (Vietnam, Pakistan, South Korea), and Europe (Turkey), known as the QQ of the crypto world!
On the COS platform, how can we truly empower creators and content consumers? Let's take the COSTV, which the author has recently studied in-depth, as an example to explore this issue in detail.
I. In-depth analysis of COSTV
As long as you contribute to the COS ecosystem, you can receive corresponding rewards. On the COSTV platform, this contribution is mainly reflected in actions such as uploading videos, liking, and commenting, all of which are means of mining.
Let's first take a look at some early participants' results. Through the data, we can see that some users have already achieved significant earnings through content mining, with the highest earnings from a single video reaching 3595 yuan. Although subsequent rewards may be adjusted according to the development of the ecosystem, early participants have undoubtedly received substantial returns.
So, why can some people earn very little from a single like while others can earn dozens or even hundreds of yuan? The key behind this is that each user's weight is different, and the weight is closely related to VEST.
VEST, as a proof of rights in Contentos, can be converted from COS on the mainnet. The more VEST you hold, the greater energy and influence you have in the ecosystem, allowing for more likes and higher earnings from likes.
The relationship between COS and VEST
COS and VEST can be converted at a 1:1 ratio, providing users with a flexible way to manage their rights.
COS can be immediately converted into VEST, but converting VEST back into COS needs to be done in phases. Only 1/13 of the VEST can be converted to COS each week, and only one conversion operation can be performed during this period. This design aims to encourage users to hold VEST long-term and participate in ecosystem construction.
Holding VEST not only represents rights in the ecosystem but can also serve as voting weight for nodes; however, voting itself does not consume VEST.
II. How to make money on COSTV?
In simple terms, it is to utilize your energy bar and stamina bar as much as possible. The energy bar represents your weight and like ability, while the stamina bar is used for actions such as uploading videos, liking, and following. Try to exhaust both the energy and stamina bars every day so that you can earn more VEST rewards. For example, if your energy value is 293M, the earnings from each like might be around 40 yuan. When your stamina is exhausted, you can stake COS for Chicken to gain additional stamina.
III. A stable money-making project: #COS开启SocialFi新时代
Currently, the popularity of COS is gradually rising. Although there are still some people who are skeptical about this project, this is a normal phenomenon in the development process of new projects. For those users who are willing to delve deeper and actively participate, they often reap more benefits in the early stages.
Overall, Contentos, as an emerging public chain, impresses with its innovative model in content creation and distribution, as well as its strong market entry ability and operational strength. With the support of many well-known investment institutions, we have reason to believe that Contentos will find a more suitable business model in the field of content creation and achieve greater influence in the industry.
