COTI (COTI) - positions itself as the first enterprise-grade platform that allows organizations to create their own payment solutions, as well as digitize any currency to save time and money.
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What is COTI (COTI)?
CОTI - one of the world's first blockchain protocols, optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
It describes itself as fully embracing blockchain funding. The COTI group was launched in March 2017 while the betting platform was launched in January. It is an ecosystem, designed specifically to address all of the challenges, associated with traditional finance, including delays, fees, global integration and risks. This is done by implementing a DAG based protocol as well as an infrastructure that is fully scalable, private, inclusive and fast.
The ecosystem has a DAG based blockchain, proof of trust consensus algorithm, multiDAG, GTS (Global Trust System), universal payment solution and payment gateway.
Project feature
The project team has created a secure TrustChain network without classic blocks and mining. It solves the problem with scalability and allows you to confirm transactions online with minimal fees. The protocol is optimized for decentralized payment transactions for:
| 1 | government organizations. |
| 2 | Payment networks without a governing body. |
| 3 | Projects that issue stablecoins. |
| 4 | Creators of decentralized applications. |
Thanks to the development of the project, private users and large companies can make fast, free transactions of any kind of coins and currencies. Traditional payment systems simply cost both merchants and customers up to billions of dollars a year. In summary, the White Label payment network - a global payment network for users and merchants to freely transact across digital wallets, coins, and more.
COTI is also the world's first platform, optimized for creating stablecoins. Thus, the user has the opportunity to issue their own stablecoin and regain full control over both their money and data.
Tokenomics
At the heart of the COTI infrastructure is Trustchain, a proprietary consensus algorithm, based on machine learning. Trustchain runs on a multi-DAG (Directed Acyclic Graph) data structure that works in tandem to increase scalability, handling over 100,000 transactions per second (TPS). According to the developers of DAG, this project is the most suitable infrastructure for payments due to its scalability and low transaction costs.
Since its inception, COTI's total supply has been 2 billion COTI, of which 868 million COTI are in circulation. While 30% of the tokens were distributed during the token sale, 45% were held for incentives and various in-network reward programs for community members and node operators, 15% was kept for the team as an incentive for further engagement, and 10% was kept to consultants for their efforts. With the exception of 45% of the total supply of incentive tokens, the remaining tokens are locked up and released gradually over a period of time.
The leading cryptocurrency exchanges for trading COTI shares are currently:
- Binance;
- Mandala Exchange;
- Bitget;
- Bybit;
- KuCoin.
COTI uses a hash table as its data structure, which is chain-based. This means that the blockchain itself can provide computing and customer privacy. The company's protocols have made the system much more secure for both buyers and sellers. Thus, the project has an ecosystem that provides strong cyber security measures, related to data integrity as well as privacy.