What is cosquare?
cosquare is a globally scalable social marketplace with the potential to transform how a generation of social media users shop. Serving consumers, influencers and brands, cosquare combines blockchain technology, social media and e-commerce to create a fun social shopping experience.
CSQ, cosquare’s own currency, run on the Ethereum public blockchain, is a pure payment token and acts as a medium of exchange for products sold on the cosquare social marketplace. CSQ thereby fulfils one of the core functions of money as a medium of exchange for goods or services. Our vision is to make CSQ the number one currency for online shopping.
The cosquare social marketplace is designed to empower people and liberate brands.
Every user is both a potential consumer and influencer with the power to earn CSQ to spend on the platform or exchange to fiat and cash out. Every user can influence the buying decision of another through their social activity and can discover (new influencers, products and brands), share, buy, earn and gift on the platform.
Each user is entirely in control of their own cosquare universe, following only the brands and influencers they love. Committed to creating a fully people-driven shopping experience, there is no advertising on the marketplace. cosquare will however give users the opportunity to opt in to monetise their own data in a transparent way, rewarding them with CSQ for data monetised through brands and publishers.
A simple gifting function lets users gift each other the products they love. A user can accept or decline a gift, while cosquare protects their data. Users can also send instant peer-to-peer transfers of CSQ.
cosquare liberates brands by facilitating them to sell direct-to-consumer, bypassing the traditional wholesale distribution model.
The platform becomes a brand’s social flagship and unlike on existing social media, direct conversion takes place within the ecosystem, without any adverse impact on user experience.
cosquare seeks to make cryptocurrency payments mainstream. The platform accepts its CSQ currency and major fiat and cryptocurrencies. This feature enables brands to tap into the massive value held in cryptocurrencies.