COTI TOKEN.

Coti hopes to serve as a medium of digital exchange, and also to create a new era cryptocurrency, and world commerce.

Bitcoin was built to serve as a digital currency, as a medium of exchange for financial transactions, over time this purpose has been defeated, with the rise in value, high transaction fees and delay in transactions, using Bitcoin for financial exchange is now difficult.

With COTI, things would get better, built on decentralized and a more scalable payments network. With COTI, global trading would be taken to a whole new level, transactions would be instant, and transaction fees would be low. E-commerce will be made accessible, as payments wouldn't be a problem. Our primary aim is to transform the cryptocurrency world to an entirely new level.

We hope to become the number one currency when it comes to mobile network payment. We will guarantee your safety, the security we are going to be a platform that you can always rely on. We are going to operate with a wallet that accepts all currencies, we are going to use the next generation technology, yet we will maintain the conventional payment solutions.

The Problem

The current payment methods for international trade is far behind, yet to meet the needs of the ever-evolving commerce, e-commerce, and online marketing, the perfect way to meet up is by embracing and utilizing digital currency technology. Because of the security, it offers, although many cryptocurrencies have tried to fill this shoes, but have all been met with the problem of scaling and high transaction fees. You can read here about the business overview.

How to solve it

COTI is going to bring together the benefits of using cryptocurrency as well as Fiat in other to make transactions easy, fast and affordable as well as secured.

About Token

The COTI token, also C.O.T.I is going to serve as the machinery that brings this wonderful vision to reality, it is going to serve as a medium of exchange between both parties involved in any transaction. It is going to be built on Blockchain, although its base is not yet determined, all transaction done on the COTI network would be facilitated by C.O.T.I, no matter the currency used initially. The good thing about using C.O.T.I is the speed and low transaction fees. When it comes to the token, the COTI project is closer to Ethereum than Bitcoin, basically because of the ICO program, here are also other information about its token

• Name: C.O.T.I

• Price : 0.1 USD = 1 COTI

• ICO Starts: 15 June 2018

• ICO Ends: 15 July 2018

• Platform: Ethereum, built on ERC20 model

• Accepting: ETH and BTC

• Hard cap: 30,000,000 USD

• Country of origin: Gibraltar

• Whitelist and KYC: Yes

Token distribution

During the initial stages, the maximum number of COTI tokens will be limited to 2,000,000,000 (two billion). Of these. 30% will be made available for public sale. Tokens will be distributed as follows:

· Public sale: 30%

· Reserve: 22%

· Team members: 15%

· Advisors and backers: 10%

· Incentivisation: 13%

· Liquidity: 10%

An additional 2,000,000,000 (two billion) tokens will also be created and locked away. This is because the DAG structure makes it impossible to generate further COTI tokens following the initial token minting operation. The additional 2 billion coins are to allow the COTI network to introduce more tokens into the supply at some future date.

Countries not allowed to participate include Afghanistan, Bosnia And Herzegovina, Central African Republic, China, Congo, Cuba, Eritrea, Ethiopia, Guinea-Bissau, Iran, Iraq, Israel, Lebanon, Libya, North Korea, Somalia, South Sudan, Sudan, Syria, Uganda, USA, Vanuatu, Yemen.

Team

The team behind any project goes a long way to determine the success of that project. The team behind COTI are experts who have the experience in the payment and technology industry. Most are entrepreneurs who have startups in the past. The team formation is unique comprising of more advisors than actual team members.

Conclusion

There are quite a few payment-related crypto projects, including TenX, Monaco, Bankera and Crypterium, so Coti is entering a crowded space with a lot of competition. However, it appears to be a solid project with a lot of work having gone into it over the last couple of years, so it would appear to be well placed to succeed.

The main risk is that other players who are already established will grab a big market share through first mover advantage, but it’s a large market so hopefully Coti can still grab their own portion of it.

Overall it looks like a good project and this is reflected in the positive ICO reviews it has received.

You can can check out the Coti ICO here.