COTI (COTI)

COTI is a fintech platform designed to facilitate interactions between different blockchain networks such as Ethereum and EOS. It operates on a unique directed acyclic graph (DAG) based blockchain infrastructure and employs a Proof of Trust consensus algorithm.

History

COTI was founded in 2016 by Samuel Falkon and David Assaraf, who identified the need for a secure, scalable, and instantaneous payment system capable of supporting both fiat and cryptocurrency transactions. They assembled a team of advisors and partners, with Shahaf Bar-Geffen taking on the role of Chief Executive Officer.

Contract Addresses
Ticker	COTI
Category	Smart Contract Platform
Website	https://coti.io/
Twitter	@COTInetwork
Telegram	COTInetwork
Reddit	https://www.reddit.com/r/cotinetwork
ethereum	0xdd...c5Copied!

Overview

COTI, which stands for "Currency Of The Internet," aims to establish a decentralized and scalable payment network to enhance global commerce efficiency. The core of COTI's infrastructure is the Trustchain, a machine learning-based consensus algorithm. The Trustchain utilizes a "multi-DAG" data structure, allowing it to achieve high scalability and process over 100,000 transactions per second (TPS).

In June 2019, COTI successfully completed its Initial Exchange Offering (IEO) and was listed on KuCoin, reaching its hard cap with significant demand. The platform is also in the process of obtaining an Electronic Money Institute (EMI) License, which will enable it to issue e-money and facilitate third-party payments.

Products

COTI's Universal Payment System

COTI Pay

COTI Pay is designed to handle all types of payments, both online and offline, including cryptocurrencies, stablecoins, credit cards, and even a merchant's own coin. It offers built-in financing options, such as earning interest on deposits and providing business loans. Key components of COTI Pay include:

Wallets
Trust scores for consumers and merchants
Arbitration for resolving disputes
COTI-X exchange
Merchant API with a "PAY WITH COTI" button
Transaction confirmation callbacks

COTI Pay v.1.0 Viper was launched on August 31, 2020.

COTI Token

COTI coins are created during the network's genesis transaction, making it a fixed-supply DAG-based cryptocurrency. The total supply at the launch of the main net is 2,000,000,000 COTI. Applications based on the COTI protocol can support other types of tokens, although these do not affect the supply or demand of COTI tokens.

As of June 2020, COTI is listed on exchanges like Binance, KuCoin, Binance DEX, BitMax.io (now AscendEx), Bithumb, Gate.io, Bidesk, Coinbit, IDEX, CoinDCX, and Indodax.

COTI-X Exchange

COTI-X provides liquidity for the COTI network and features three liquidity pools:

Internal licensed exchange
Fiat On-Ramp
External pools

The exchange includes products such as a Fiat On-Ramp for COTI, the COTI-X Swap Widget for partner tokens, and incentivized external liquidity pools. COTI-X is an instant settlement layer for all forms of value on the COTI network and is expected to be released in October 2020, available on cotix.io and as a widget on the COTI website and COTI Pay.

Team

The COTI team is composed of experienced professionals, including:

Shahaf Bar-Geffen - CEO
Dr. Nir Haloani - CTO
David Assaraf - Co-founder, COO
Yair Lavi - CFO
Efrat Bar-Lev - VP Marketing
Tamir Schwartz - VP Product
Samuel Falkon - Co-founder
Eli Hallufgil - Technology Team Leader
Anton Suslonov - Data Scientist
Costa Chervotkin - Product Manager
Yoni Neeman - Software Engineer
Yaniv Dadon - Software Developer
Tomer Armarnik - Software Engineer
Alex Stoliar - Software Developer
Anna Bocharov - Community
Oriane Maire - Community
Shani Assaraf - Project Manager
Vladyslav Ovadenko - Community
Tamar Drachli - Social

Investors and advisors

COTI has garnered support from several investors and advisory firms, including:

Blackedge Capital
Ernst & Young
Block Crafters
Hard + Yaka
Base 16
Lancaster Group
Recruit Strategic Partners
Wave Financial