Overview
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What is COTI
As internet connectivity becomes increasingly pervasive, and as transportation and communication costs decline, buyers and sellers are demonstrating a greater propensity to trade across borders, through online marketplaces and on a peer-to-peer basis. Yet despite the ease with which information, goods and services now flow, payments are still characterized by high fees, low approval rates and high abandonment rates. As a result of the friction imposed by existing payments solutions, the amount of trade occurring in the world today falls far short of its potential — to the detriment of individuals, merchants and the global economy at large. Bitcoin broke new ground by introducing the world’s first trust-less payments system — a system in which transactions are guaranteed by cryptographic proof rather than by trusted third-party financial intermediaries. And with its greater security, faster settlements, lower fees and greater transparency, Bitcoin provides a glimpse of what the payments solutions of the future may look like. However, for various reasons, neither Bitcoin nor any of its digital currency peers have garnered widespread adoption in the context of day-to-day payments. When Bitcoin’s pseudonymous creator, Satoshi Nakamoto, intentionally optimized for security, immutability and ‘trust-lessness’ at the expense of usability and scalability, he opened the void for a payments transaction network and digital currency that would later optimize for the common payments needs of typical consumers and merchants. The COTI team was formed to fill this void. COTI combines the best of traditional payments systems with the best of digital currencies — while working around their respective limitations — to provide a comprehensive payments solution that optimizes for the needs of typical consumers and merchants above all else. With its emphasis on scalability, instantaneity, buyer-seller protections and ease-of-use, and on building trust-based relationships that drive down transaction costs to reach as low as zero, COTI is the payments solution that will propel digital currencies from a place of relative obscurity to the forefront of mainstream adoption. COTI’s overarching goal is to enable the free-flow of value in the same way that the Internet enables the free-flow of information. To this end, COTI is developing a variety of technologies that will work in concert to provide consumers and merchants everywhere with a vastly improved payments experience. COTI’s development efforts are best understood through three prisms: its network core, its native currency, and its applications and services.Network core. The key components underpinning COTI’s network include:- The Trust Scoring Engine, which automatically assesses the interactions between buyers and sellers over time, assigning each network participant with a unique Trust Score. Trust Scores provide a numerical representation of the relative value that each participant contributes to the COTI network, and are updated dynamically in response to newly-available information. In addition to signalling trustworthiness to prospective counterparties, thereby increasing the propensity for parties to transact, Trust Scores serve as a key driver of transaction fees: high scores are associated with low-to-zero fees, while low scores are associated with comparatively high fees.
- The Mediation System, which resolves disputes between transacting parties and maintains the integrity of the network. A first of its kind, the system leverages data science, game theory and an independent network of crowdsourced mediators to resolve disputes fairly and efficiently — without prompting a material increase in transaction costs.
- The Currency Exchange, which provides network participants with a means of moving seamlessly between currencies — both fiat and digital — by aggregating liquidity from internal and external liquidity pools. The exchange is complemented by an automated market-maker which maintains fair and orderly markets in a range of currencies.
DetailsPublic sales: Jun 01, 2019 - Jun 14, 2019IEO (Kucoin Launchpad): May 28, 2019 - Jun 03, 2019 Hard cap: 30,000,000 USD Raised: 15,000,000 USD LegalBlockchain Platform: TrustchainCountry limitations: Afghanistan, Bosnia and Herzegovina, Central African Republic, Cuba, Democratic Republic of the Congo, People's Republic of China, Eritrea, Ethiopia, Guinea-Bissau, Israel, Iran, Iraq, Libya, Lebanon, Somalia, South Sudan, Sudan, Syria, Uganda, United States, Vanuatu and Yemen Registration country: Gibraltar Registration year: 2017 Office address: 57/63 LINE WALL ROAD, GIBRALTAR, GX11 1AA BountySocial media: 75%Bitcoin talk signature campaign: 25% | Token infoTicker: COTIType: Utility-token Token standard: ERC-20 Token price in USD: 1 COTI = 0.2 USD Accepted currencies: ETH, BTC, USD Token distribution: 42% - Token Sale – Private, Pre, Public 10% - Founders, Team, Early Backers, Advisors 6% - Partners' network 7% - Validators' incentives 11% - Token liquidity for market making 9% - Opening balance for the Reserve Credit Fund 12.5% - Incentive programs for Merchants and Users 2.5% - Community grants and partnerships Funds allocation: 10% - Legal and Compliance 25% - R&D 16% - Marketing 12% - Merchant Services 10% - Reserve 10% - Market-Maker 7% - COTI Fund 10% - Operational Expenses |
COTI Roadmap
1
Q2 2017
Foundation and R&D.
2
Q3 2017
Consensus White Paper release.
3
Q1 2018
Onboarding Design Partners.
T1 Token sale - $15M.
4
Q3 2018
Alpha release trustchain.
5
Q4 2018
Onboarding partners
Test net release.
6
Q1 2019
Main Net
COTI coins minting.
7
Q2 2019
First partners applications roll out.
8
Q3 2019
Advanced partners applications roll out.
Project team

Shahaf Bar-Geffen
CEO

Eli Hallufgil
Technology team leader

Yoni Neeman
Software Engineering

Anton Suslonov
Data Science

Yair Lavi
CFO

David Assaraf
COO

Samuel Falkon
Co-founder, VP business development

Tamar Drachli
Social

Dr. Nir Haloani
CTO

Efrat Bar-Lev
VP marketing

Guy Klajman
CRO

Costa Chervotkin
Product Manager

Yaniv Dadon
Software developer

Zalman Goldstein
Software engineer

Ben Elnekave
Software Engineer

Anna Bocharov
Community

Oriane Maire
Community

Albert A. Levi
Community

Yohai Agami
Software Developer

Niv Abramovich
VP product

Shani Patael
Front end developer

Kirill Chudinov
Software engineer

Shani Assaraf
Project manager
Advisors

Dr. Matt McBrady
Former CIO & MD BlackRock

Steven Heilbron
Former CEO Investec

Avi Chesed
(Co-Founder) CEO

Jon Avganim
(Co-Founder) President Processing.com

Sebastian Stupurac
Blockchain Funding Expert

Stas Oskin
Blockchain Expert

Prof. Martin Fochmann
Professor University of Cologne

Dr. Stephan Wessel
CEO Arcana Capital

Dr. Stefan Hlawatsh
CEO Skybridge Investment

Greg Kidd
Advisor

Lindsey Maule
CEO, Luna Capital

Dr Zvi Gabay
Partner, Barnea & Co.

Nimrod Lehavi
Co-founder and CEO, Simplex

Kevin O’Hara
Group CIO, Tulla Private Equity Group

Alex Yamashita
Partner TLDR

Eugene Kan
Partner TLDR

Ran Neu-Ner
Founder, Onchain Capital