Quick Guide to Coti Ecosystem and its Native Coin $COTI

“The ultimate power grid of payments"— COTI markets itself with the aim to empower organizations to build their own payment solutions as well as digitize any currency to save time and money.

COTI Features

COTI coin:

COTI introduces a high-performance cryptocurrency built atop the base layer protocol. This cryptocurrency will be used as a common means of payment, including all fees and staking inside the COTI ecosystem.

MultiDAG:

COTI is not bounded to one instance of DAG (Directed Acyclic Graph). The same infrastructure of nodes permits the creation of multiple DAGs that can be used for various purposes and originators. There can be voucher tokens, stablecoins, dedicated tokens for global companies, or scalability tokens to speed up settlements in other blockchains.

Smart contracts:

COTI introduces “on-chain” smart contracts for the DAG, a first of its kind.

The Arbitration Service:

COTI offers a ready-to-use service that users can appeal to in cases of fraud, or any other dispute related to deals settled through the COTI payment system. The Arbitration Service creates a rolling reserve for each merchant to cover possible claims and a system-wide Reserve Credit Fund (RCF) to guarantee it. Both funds are maintained in COTI’s native currency. The required size of a merchant’s rolling reserve is calculated based on the merchant’s Trust Score

Fees:

The COTI network uses a transparent and equitable fee model. All fees are collected by Full Nodes (decentralized servers run by ordinary users in the COTI network).

The COTI Group launched in March 2017, while the Staking Platform Launched on Jan. 1, 2020. It is an ecosystem that is specifically designed to meet all the challenges associated with traditional finance, including latency, fees, global inclusion, and risks.

The thing that makes COTI unique is the COTI platform.

This platform enables companies to effortlessly create advanced fintech products and save time, data, and money. COTI Pay can process every type of payment, both online and offline. This includes crypto and stablecoins, as well as credit cards and even native coins. It has built-in financing to boot, with interest earned on deposits and loans. This also connects with the white-label payment network.

Traditional payment systems simply cost merchants and customers an amount of up to billions of dollars on an annual basis. As such, the white label payment network is a global payment network for users and merchants that makes transactions freely throughout a digital wallet, coin, and much more.

7 necessary elements for a perfect payment infrastructure:

• Scalability — COTI can process over 100,000 TPS.
• Simplicity — COTI’s user and merchant-facing tools are seamless and extremely easy to use.
• Buyer-seller protections — COTI provides the first-ever dispute resolution system to safeguard users against errors, fraud, and counterparty abuse.
• Cost-effectiveness — COTI cuts out intermediaries and eliminates the need for costly mining, which drastically reduces costs and energy consumption.
• Price stability — COTI is creating price stability technology, which is necessary for the mass adoption of blockchain for payments.
• Instantaneity — COTI’s technology makes transactions, P2P payments, and remittances instant, instead of taking hours or days to clear.
• Security — COTI’s distributed ledger technology eliminates a single point of failure for enhanced security.

Team

• Shahaf Bar-Geffen — CEO — Serial Entrepreneur

Shahaf is the co-founder and former CEO of WEB3, a leading multinational digital marketing firm. Shahaf holds a BSc degree in biotech and economics from Tel Aviv University.

• Dr. Nir Haloani — CTO — IBM (Former head of research), Owner of 14 patents

Nir is an innovator in the areas of data compression, AI and machine learning and has earned the prestigious Master Inventor title for authoring over 14 patents in these fields. He has over 19 years of experience leading research and development teams at a number of tech companies and was the former co-founder and CTO of Infima Technologies, which was later acquired by IBM. Nir holds a BSc degree in computer science and mathematics from Tel Aviv University, as well as a PhD in applied mathematics from Bar-Ilan University.

• David Assaraf — Co-founder — Former HSBC internal auditor, Financial Specialist

David previously served as the chief internal auditor at HSBC Israel and as an examiner in the credit risk unit of the Central Bank of Israel’s banking supervision department.

• Yair Lavi — CFO — Former finance director at Plus500 UK, Financial Specialist

Yair was the former CEO and finance director at Plus500UK. He has also held prior roles in financial planning and valuation. He is an accountant, graduate in accounting and economics and holds an MBA from Tel Aviv University.

• Efrat Bar-Lev — CMO — The marketing pro

Efrat is responsible for executing COTI’s marketing campaigns and managing public relations. Efrat has rich experience in the digital media sphere, which included managing WEB3’s mobile department and leading client relation operations. Efrat holds a BA in Management & Communication.

• Nir Arazi — COO — Execution expert

Nir is a highly experienced manager in the fields of technology, finance, and strategic planning, and has a solid background in senior management positions in the IAF. He is a Business Development leader and execution expert and holds an MBA from Ben-Gurion University.

Where to store COTI (COTI)

$COTI tokens are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your $COTI secure and offline can include the leading hardware wallet provider Trezor.

All ERC-20 tokens including $COTI can be stored on the Ethereum blockchain using MyEtherWallet, allowing users to interact with the network without additional software.

An alternative wallet provider for $COTI token holders can be Trust Wallet — a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Popular among traders and gamers, the beginner-friendly mobile wallet may be appropriate for users looking for a convenient and accessible app, with trusted security and backup options.

Similarly, a user-friendly option to keep your $COTI secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting their MetaMask wallet.

Where to buy and sell Coti (COTI)

You can Buy & Sell Coti (COTI) by heading over to the Buy Coins page of our website. Coti (COTI) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $COTI has never been easier, simply place your order and provide your wallet address. Once your payment arrives Coti (COTI) will be sent directly to your wallet.

If you choose to Sell Coti (COTI) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.

Coti (COTI) Resources

Website: https://coti.io/
Block Explorer: https://explorer.coti.io/
Twitter: https://twitter.com/COTInetwork
Medium: https://medium.com/cotinetwork

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.