“Content is king!” is a phrase that resonates in the online world, emphasizing the critical role content plays in business. However, traditional content development, distribution, monetization, and protection systems are plagued with issues such as authenticity verification, copyright protection, and opaque pricing controlled by centralized entities. Contentos, a Blockchain network launched in 2019, aims to solve these problems by decentralizing the entire digital content process, thereby empowering content creators and benefiting their audiences. In this article, we will explore what Contentos (COS) is and how to buy Pyth Network (PYTH) with TRY.
What is Contentos (COS)?
Contentos is a decentralized digital content ecosystem designed to enable the free production, promotion, copyright protection, distribution, and monetization of digital content. By operating its own Layer 1 Blockchain network, the Contentos Blockchain, it provides low transaction costs and fast block confirmation times. This decentralized network leverages the immutable and traceable nature of Blockchain to allow content creators to prove their digital authorship and protect their intellectual property (IP), democratizing access to target audiences without the high costs and restrictions imposed by traditional Web2 entities like Google, Meta, and Microsoft.
Founded in 2018 by Mick (Chang-Chieh) Tsai, former head of LiveMe’s U.S. operations, Contentos launched its mainnet in 2019 and made a significant upgrade in 2021. This upgrade introduced new functionalities, including NFT as a Service (NaaS) and Contentos DAO, enhancing the platform’s features. The general Blockchain of Contentos hosts various decentralized applications (dApps) that form the backbone of the ecosystem, structured to support content creators through business and application layers.
Contentos’ credit system distinguishes it from traditional Web2 content environments by rewarding content creators based on the quality of their content and participation. New users receive an initial credit score that can be improved through positive contributions such as quality content creation and valuable community interactions. The amount of COS coin a user holds also affects their credit score, directly impacting the rewards they earn. This system encourages quality content creation and fair compensation, unlike centralized platforms where ad spending determines visibility.
Contentos offers various products to support content creators, including COS SPACE and COS.TV. COS SPACE provides a virtual gallery for creators to showcase their artwork and videos, offering spaces of different sizes that can be bought and traded on NFT marketplaces. COS.TV is a video sharing and monetization platform where creators can upload videos, earn crypto rewards based on user engagement, and trade video NFTs. These products enhance creators’ ability to manage and promote their content effectively.
An integral part of the Contentos ecosystem, the COS coin serves as the mainnet asset on the Contentos Blockchain, Ethereum (as an ERC-20 token), and BNB Smart Chain (as a BEP-20 token). COS is used to reward content creators, pay for services on the Blockchain, and participate in network governance. With a maximum supply of approximately 9.9 billion, the COS coin plays a crucial role in the functionality and growth of the ecosystem.
Contentos is well-positioned to lead the decentralized content production revolution. As the platform continues to grow and integrate artificial intelligence technologies, it promises to enhance both creator and user experiences. Contentos’ decentralized approach offers a transparent and affordable alternative to traditional content distribution systems controlled by large centralized players. By promoting a fair and open environment for content creation and consumption, Contentos aims to reshape the digital content industry and ensure fair compensation for creators’ contributions.
How to Buy Contentos (COS) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Contentos (COS). Over 100 cryptocurrencies, including COS, can be traded on Binance TR, where accounts can be quickly created. Follow these steps to purchase Contentos (COS) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. Visit trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. ID number.
After entering the requested information completely and accurately, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official Binance TR website. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option in the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then click “Verify.” In the next step, you will need to scan the QR code with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click “Copy URL” to send the identity verification address to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. First, tap on the “Identity” option to continue.
Then, a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, tap on “Upload Front” to continue. After taking a photo of the front side of the document, tap on “Upload Back” and take a photo of the back side of the document. Make sure the images are clear and the information in the photos is easily readable when taking pictures of the front and back sides of your ID card or driver’s license.
Then, tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible once the camera opens.
After completing all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make seamless transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made 24/7 up to 50,000 TL via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to the “Wallet” option in the top left corner of the homepage on trbinance.com and click on the “Deposit” option from the drop-down menu.
Then, a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information displayed on the bank’s page to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy COS Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to COS coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. You can go to the TL to COS purchase page by typing “COS” in the search section on the right side of this page and clicking on the COS/TRY option from the results.
Now, the COS trading page will open as shown below. In this page, you need to enter the price at which you want to buy COS in the first box marked with a red box and the number of COS you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy COS” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
