COTI (COTI) Review

Industry: finance


Description

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.


Features

Benefits:

Consumers will enjoy:

  • Cash back
  • Near-zero fees
  • Buyer-seller protections
  • User-friendly interface
  • Seamless integration into e-commerce sites and debit cards

Merchants will benefit from:

  • Near zero fees
  • Instant settlements
  • Improved cash flow
  • Low rolling reserve requirements
  • Regulated payment ecosystem

Founded: 2018, Gibraltar


Social networks


Conversion Block

Token COTI
Price 1 COTI = 0.1 USD
Platform Trustchain
Accepting ETH, BTC, Fiat
Hard cap 30000000 USD
Raised $3,001,028
Country Gibraltar
Whitelist/KYC KYC & Whitelist

More on ICO


Technical details

  • Token COTI
  • Platform Trustchain
  • Type ERC20
  • Price in ICO 0.1000 USD
  • Accepting ETH, BTC, Fiat
  • Distributed in ICO 30%
  • Hard cap 30000000 USD
  • Raised $3,001,028


Milestones

  • Q2 2017 Foundation and R&D.
  • Q3 2017 Consensus White Paper release.
  • Q1 2018 Onboarding Design Partners. T1 Token sale - $15M.
  • Q3 2018 Alpha release trustchain.
  • Q4 2018 Onboarding partners Test net release.
  • Q1 2019 Main Net COTI coins minting.
  • Q2 2019 First partners applications roll out.
  • Q3 2019 Advanced partners applications roll out

Team

  • Shahaf Bar-Geffen, CEO, Serial entrepreneur
  • Dr. Nir Haloani, CTO, IBM (Former head of research), Owner of 14 patents
  • David Assaraf, COO, Former HSBC internal auditor, Financial specialist
  • Eli Hallufgil, Technology team leader, Mathematician
  • Yoni Neeman, Software Engineering, Expert in FinTech applications
  • Anton Suslonov, Data scientist, Expert in blockchain technology and applied mathematics
  • Yair Lavi, CFO, Former finance director at Plus500 UK, Financial specialist
  • Samuel Falkon, Co-founder, VP business development FinTech pro
  • Efrat Bar-Lev, VP marketing, Marketing pro

 


IndustryFinance
COTI
StartFebruary 1, 2019
EndFebruary 15, 2019
Expired

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!

Pavl   December 26, 2018  


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.

Yrry   December 5, 2018  


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