COTI is a Gabraltar originating ICO which was started in 2018. The platform represents an innovative blockchain protocol elaborated for decentralized financial transactions and payments. COTI was created for the usage by vendors, institutions, payment dApps and stable coin issuers. The main ICO application is COTI Pay which is already consists of the networks joining five thousand merchants and eighty thousand users. The platform is not intended to service casual, widespread and everyday transactional needs. The platform provides vendors, payment systems providers, developers and financial institutions with an overall solution that can help them replace credit cards, and bank wire transfers and cash.
COTI provides a technology elaborated for decentralized payment networks so companies can orient to important business aspects instead of financial infrastructure. The advantages of COTI are scalability, high speed and near zero fees. Moreover, COTI provides the infrastructure required for governments to provide stability and usability in their networks. COTI unites infrastructure, services and applications to support enterprise solutions, payment applications and stable coins.
COTI platform is built upon Trustchain, which represents a proprietary algorithm based on artificial intelligence, which significantly reduces transaction costs and raise transaction speed by allocating trust scores to payments and clustering it in chains.
Merchants will benefit from:
Founded: 2018, Gibraltar
Price 1 COTI = 0.1 USD
Accepting ETH, BTC, Fiat
Hard cap 30000000 USD
Whitelist/KYC KYC & Whitelist
Start: 1 February, 2019
End: 15 February, 2019
COTI has just published an impressive review of 2018's achievements. They've launched products (Trustchain protocol AlphaNet ); came first in several competitions and rankings (top place at the Google-sponsored Pick a Startup competition, well, that's something worth mentioning!) and got into some meaningful partnership around the globe. These guys stick to their road map so far and I am really looking forward to the release of the main net in 2019!
The COTI business whitepaper mentions mitigating the volatility risk with put options and other hedging mechanisms. It is possible, but generates extra transaction costs (merchants will have to buy the options). And it requires having a big enough market to have the counterparty to the hedge (someone who wants the sell the options). This is a chicken and an egg problem: you need a stable price to have the mass market adoption, and a mass market adoption to stabilize the price. This will not work. Every currency designed specifically for payments needs be a stable coin pegged to a fiat currency.
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