![]() IEO tokens comprise 2.31% of the total supply. It was conducted from June to December 2018 at an average rate of $0.08 per COTI and raised a total of 16.00MM USD, selling 10.04% of total token supply the sale raised 40.3 BTC, 12,561 ETH, $1.3MM in stable coins, other alt-coins, and in USD, EUR, and GBP. Private Sale tokens comprise 10.04% of the total supply. ![]() Seed Sale tokens comprise 2.90% of the total supply. The token supply distribution is as follows: June 2019 : release of COTI Mainnet v1.0. September 2019 : release of COTI Full Nodes v0.1.Īugust 2019 : release of COTI Global Trust System Beta.Īugust 2019 : release of COTI Universal Payment Solution Beta November 2019 : release of COTI Payment Gateway v1.0. November 2019 : release of AdaPay, a payment solution for Cardano. January 2020 : release of COTI staking platform v1.0. Recent newsįebruary 2020 : release of COTI MultiDAG. Merchants can earn interest on stable coins and apply for business loans using the COTI Pay Business app, while users can spend crypto or fiat using a virtual or physical prepaid debit card using the COTI Pay app. Crypto payments and settlements are instantaneous while fiat settlement in 35 currencies to bank accounts is near instant. The COTI Universal Payment Solution allows consumers and merchants to purchase and sell goods and services in both crypto and fiat, via the web or POS machines. The arbitration layer can also be connected to other blockchain networks and protocols. Arbitrators are incentivized to participate in the dispute resolution by receiving an arbitration fee once a dispute is finalised. Disputes are resolved by an arbitrator jury randomly picked from a large pool of highly trusted network participants. The COTI network also includes an arbitration layer, an autonomous system that works as a decentralized third party to arbitrate disputes. Tokens issued are independent to their own DAG cluster while retaining the ability to access all the features of the COTI network. This allows enterprises to issue their own tokens (such as stablecoins) on the COTI network. With cross-chain interoperability, the COTI Global Trust System allows other blockchains to use Trustscores to identify malicious actors on their networks, or recognize and reward good actors.ĬOTI also builds a multiDAG structure that enables the combination of independent DAG clusters into the overall COTI network. ![]() Proof of Trust is built to incentivize good network behaviour, and achieve lower fees, higher payouts and better quality of service. Its Proof of Trust consensus algorithm assigns each user on the network a Trustscore, and combines it with standard Proof of Stake to reach global network consensus. To achieve this, COTI introduces a new type of Directed Acyclic Graph (DAG) based blockchain infrastructure with Proof of Trust Consensus Algorithm. COTI incentivizes participants in the network by allowing users to run Full Nodes, whom will receive a percentage of every transaction processed by their node.ĬOTI aims to build a “finance on the blockchain” ecosystem to meet the challenges of traditional finance, such as high fees, latency, and lack of global inclusion. The COTI token is used to pay fees for all transactions on the network, regardless of the underlying transactional token or DAG cluster. This allows enterprises to issue their own tokens (such as stablecoins) on the Coti network. Ĭoti's multiDAG structure enables the combination of independent DAG clusters into the overall Coti network. In order to achieve this, Coti introduces a new type of directed acyclic graph (DAG) based blockchain infrastructure with Proof of Trust consensus algorithm. Coti aims to build a “ finance on the blockchain ” ecosystem to meet the challenges of traditional finance, such as high fees, latency, and lack of global inclusion.
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