Today we are going to take a look at the ICO for COTI(currency of the internet), which is due to get underway shortly.
COTI is a decentralised payments network for global commerce using multiple digital currencies.
The planned system will incorporate a range of innovative technologies including a consensus model, a trust scoring engine, automatic mediation system, and currency exchange. The system will provide instantaneous transfers, low fees, and enhanced protections for both buyer and seller.
It is
estimated that by 2020 online payments will exceed USD 4 trillion.
In-store mobile payments are growing apace at up to 80% a year and are
expected to reach $500 billion by 2020.
Currently,
decentralised online payment systems are finding it difficult to cope
with the rapidly increasing volume and speed, especially so with digital
currencies. Despite various attempts to achieve high throughputs
regarding transactions per second (TPS), performance falls well short of
what is required.
Other problems with existing systems include:
· High credit card fees
· Extended settlement periods
· No shared trust mechanisms — credit scored cannot be transferred across platforms.
·
No multi-currency support in that credit cards don’t support digital
currencies, and users have no control over exchange rates.
COTI
will provide an alternative payment system that will offer merchants
and consumers a much-improved experience. The system will include:
· Instantaneous payments using blockchain technology
· A global trust engine for assigning trust scores facilitating decision making and setting transaction fees
· An algorithmic mediation system for resolving disputes
· Currency exchange integration
❈ ❈ ❈ ❈Coti Tokne Information❈ ❈ ❈ ❈
· Token Sale: 15 Jun — 1 Jul .
· Ticker: COTI .
· Token type: ERC20 .
· Fundraising Goal: 30,000,000 USD .
· Available for Token Sale: 30% .
✺✺ ✺ ✺ ✺ ✺✺ Partners ✺ ✺ ✺ ✺ ✺✺ ✺
✿ ✿ ✿ ✿ ✿ ✌COTI’s solution✌✿ ✿ ✿ ✿✿
☆ ☆ ☆ ☆ ☆ Use of Funds ☆ ☆ ☆☆ ☆
✤ ✤ ✤ ✤ ✤ COTI ICO ✤ ✤ ✤ ✤ ✤
Although a
total of 4 billion tokens will be created in a genesis event, just 600
million will be available on public sale, which starts on 15th June 2018
and ends on 1st July 2018. Important points include :
· Token: COTI (ERC 20)
· Price: 1 COTI = $0.1 USD
· Accepted currencies: BTC, ETH, USD, EUR
· Maximum coins: 2 billion (plus an additional 2 billion in reserve)
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