COTI (COTI)

Last Updated: 28/06/2022

What Is COTI (COTI)?

COTI markets itself as The ultimate power grid of payments with the aim to empower organizations to build their own payment solutions as well as digitize any currency to save time and money. The COTI Group debuted in March of 2017, and the Staking Platform launched on January 1, 2020. It is an ecosystem that is specifically designed to address all of the challenges associated with traditional finance, such as latency, fees, global inclusion, and risks.

Some of the unique features that COTI (COTI) brings:

COTI coin: COTI is a high-performance cryptocurrency built on top of the base layer protocol. This cryptocurrency will be used as a standard method of payment for all fees and staking within the COTI ecosystem.
MultiDAG: COTI is not limited to a single instance of DAG (Directed Acyclic Graph). The same node infrastructure enables the creation of multiple DAGs for various purposes and originators. Voucher tokens, stable coins, dedicated tokens for global companies, and scalability tokens to speed up settlements in other blockchains are all possibilities.
Smart contracts: COTI introduces "on-chain" smart contracts for the DAG, a first of its kind.
The Arbitration Service: COTI provides a ready-to-use service to users in cases of fraud or any other dispute relating to transactions settled through the COTI payment system. The Arbitration Service establishes a rolling reserve for each merchant to cover potential claims, as well as a system-wide Reserve Credit Fund (RCF) to back it up. Both funds are kept in COTI's local currency. The size of a merchant's rolling reserve is determined by the merchant's Trust Score.
Fees: The COTI network uses a transparent and equitable fee model. All fees are collected by Full Nodes (decentralized servers run by ordinary users in the COTI network).

The thing that makes COTI unique is COTI’s platform.

With the help of this platform, businesses can easily develop cutting-edge financial products while saving time, data, and money. Both online and offline payments, including those made through COTI Pay, can be processed. Credit cards, stablecoins, and even native coins are included in this. Moreover, it has built-in financing because interest is paid on both loans and deposits. Additionally, this is linked to the white label payment network.

Traditional payment methods simply cost businesses and customers tens of billions of dollars every year. As a result, the white label payment network is a world-wide payment system that allows customers and businesses to freely conduct financial transactions using a digital wallet, coins, and much more.

COTI provides the 7 necessary elements for a perfect payment infrastructure:

Scalability - COTI can process over 100,000 TPS.
Simplicity - COTI’s user and merchant-facing tools are seamless and extremely easy to use.
Buyer-seller protections - COTI provides the first ever dispute resolution system to safeguard users against errors, fraud and counterparty abuse.
Cost-effectiveness - COTI cuts out intermediaries and eliminates the need for costly mining, which drastically reduces costs and energy consumption.
Price stability - COTI is creating price stability technology, which is necessary for the mass adoption of blockchain for payments.
Instantaneity - COTI’s technology makes transactions, P2P payments and remittances instant, instead of taking hours or days to clear.
Security - COTI’s distributed ledger technology eliminates a single point of failure for enhanced security.

Team

Shahaf Bar-Geffen – CEO - Serial entrepreneur

Shahaf is a co-founder and the former CEO of the renowned international digital marketing company WEB3. Shahaf graduated from Tel Aviv University with a BSc in biotechnology and economics.

Dr. Nir Haloani – CTO - IBM (Former head of research), Owner of 14 patents

Nir is a pioneer in the domains of data compression, artificial intelligence, and machine learning. For creating more than 14 patents in these areas, he was awarded the renowned Master Inventor designation. He was the previous co-founder and CTO of Infima Technologies, which was later bought by IBM, and has over 19 years of experience managing research and development teams at several digital firms. Nir has a PhD in applied mathematics from Bar-Ilan University and a BSc in computer science and mathematics from Tel Aviv University.

David Assaraf - Co-founder - Former HSBC internal auditor, Financial specialist

David previously served as the chief internal auditor at HSBC Israel and as an examiner in the credit risk unit of the Central Bank of Israel’s banking supervision department.

Yair Lavi – CFO - Former finance director at Plus500 UK, Financial specialist

Yair served as Plus500UK's previous CEO and director of finance. Additionally, he has experience in valuation and financial planning. He has an MBA from Tel Aviv University, is a graduate in accounting and economics, and is a certified public accountant.

Efrat Bar-Lev – CMO - Marketing Pro

Efrat is responsible for executing COTI's marketing campaigns and managing public relations. Efrat has rich experience in the digital media sphere, which included managing WEB3's mobile department and leading client relation operations. Efrat holds a BA in Management & Communication.

Nir Arazi – COO - Execution Expert

Nir has a strong background in top management roles in the IAF and is a highly skilled manager in the areas of technology, finance, and strategic planning. He has an MBA from Ben-Gurion University and is a business development leader and execution specialist.

Roadmap

Where to store COTI (COTI)

COTI (COTI) tokens are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your COTI (COTI) secure and offline can include the leading hardware wallet provider Trezor.

All ERC-20 tokens including COTI (COTI) can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

An alternative wallet provider for COTI (COTI) token holders can be Trust Wallet – a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $COTI secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting your MetaMask wallet.

Where to buy and sell COTI (COTI)

You can Buy & Sell COTI (COTI) by heading over to the Buy Coins page of our website. COTI (COTI) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $COTI has never been easier, simply place your order and provide your wallet address. Once your payment arrives COTI (COTI) will be sent directly to your wallet.

If you choose to Sell COTI (COTI) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

COTI (COTI) Resources:

Website: https://coti.io/

Block Explorer: https://etherscan.io/token/

Twitter: https://twitter.com/COTInetwork

Medium: https://medium.com/cotinetwork

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.