Costcoin

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Costcoin is a decentralized token based e-commerce platform to be launched in 2019 by Drew Chin. [1] [3] [2]

Overview

Initial brand partners will be awarded token stakes, and all brands will earn a token for every executed transaction. Over time the skew of token ownership should naturally skew towards the brands. Once the brands in aggregate hold over 51%, they will effectively control the Costcoin platform. [1]


The Advisory board includes executives from Wikibuy, Jet.com , Mirae Asset Daewoo Securities, and IDEO. [2]

Partnerships

Costcoin has also partnered with Multicoin Capital, a leading cryptocurrency hedge fund based in Austin, Texas. [2]


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