What is Coti?
Coti is a 3.0 generation blockchain platform that allows building dApps through Directed Acyclic Graph (DAG) technology. Aiming to develop a a blockchain-based finance system, Coti optimizes payment and other services for merchants and stablecoin issuers.
Consensus mechanism of Coti
Coti introduces a new type of DAG based on the infrastructure with Proof-of-Trust consensus algorithm. This technology ensures resolution of the problems of high costs, long settlement time, and low scalability.
The Proof-of-Trust consensus allows each user in the network to run a Trustscore, combined with the Proof-of-Stake mechanism to achieve global network consensus. The Proof-of-Trust mechanism is designed to encourage good activity on the network, reduce costs, increase payouts and quality of service. With cross-chain interoperability, the COTI Global Trust system allows other blockchains to use Trustcores to issue malicious behaviors and incentivize users to actively contribute in the network.
DAG Technology of Coti
Coti builds a multi-DAG structure that allows independent DAGs to be combined with Coti’s overall network. This technology helps businesses to issue tokens (stablecoins) on the Coti network. The issued token will be completely independent of its own DAG cluster, while maintaining access to features on the Coti network.
COTI Universal payment solution
COTI Universal payment solution allows users to buy, sell, exchange goods and services in cryptocurrencies and fiat currencies (USD, EUR, etc.) through websites and POS machines. Cryptocurrency payments are processed instantly, while payments in 35 other currencies are settled almost instantaneously.
Merchants can monetize stablecoins and apply for business loan accounts on the COTI Pay Business app. Users can also spend cryptocurrencies and fiat currencies with a debit card on the COTI Pay app.
Other features of Coti
- COTI Dime: the first stablecoin issued on the platform and works in the COTI Pay system.
- COTI X: Coti’s internal exchange, creating liquidity for tokens on Coti’s blockchain and serving currency conversion needs.
- Loyalty Network: the network serves loyal users (businesses and partners have actively contributed to expand the network, increase the number of users).
Token COTI
COTI is the native utility token of Coti, used for the following purposes:
- Stake to participate in node validation and receive rewards depends on the number of transactions
- Pay fee for creating stablecoin or joining loyalty program
- Encourage users to open COTI Wallet
- Encourage partners and customers by service discounts when there is a high volume of transactions.
Specifications
- Ticker: COTI
- Blockchain: Coti Blockchain
- Token type: Utility Token
- Total Supply: 2,000,000,000 COTI
- Circulating Supply: 868,672,118.03 COTI (43%)
COTI Token Allocation
- Seed Sale: 2.90%
- Private Sale: 10.04%
- IEO: 2.31%
- Team: 15.00%
- Advisors: 10.00%
- Ecosystem Reserve: 59.75%
COTI token Price today
How to buy COTI
Coti (COTI) has been listed on Attlas Exchange.
Traders can easily and securely buy COTI with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find COTI
Step 5: Select Buy
Summary
This article is an overview of Coti (COTI), not a financial advise.
Users are advised to do their own research before making any trading decisions.