COTI (COTI) ICO
COTI is building a base protocol that is built for payments from the ground up.
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|Project industry||Finance Services & Banking|
COTI is a FinTech company that has developed a base protocol, known as the Trustchain, which aims to address technical challenges plaguing other existing cryptocurrencies and limiting their mass adoption as means of payment. It includes consumer wallets, merchant processing tools and a digital currency exchange facility. COTI aims to address such shortcomings by combining traditional payment methods with traditional currencies. COTI network users can expect low-to-zero fees, buyer-seller protections, a robust Trust Scoring Engine and decentralised Mediation System.
ICO DetailsHard cap: 30,000,000USD
Raised: 15,000,000 USD
LegalICO Platform: Trustchain
Country limitations: Afghanistan, Bosnia and Herzegovina, Central African Republic, China, Congo, Cuba, Eritrea, Ethiopia, Guinea-Bissau, Iran (Islamic Republic of), Iraq, Israel, Korea, Democratic People's Republic of, Lebanon, Libyan Arab Jamahiriya, Somalia, Sudan, Syrian Arab Republic, Uganda, United States, Vanuatu, Yemen
Registration country: Gibraltar
Registration year: 2017
BountySocial media: 75%
Bitcoin talk signature campaign: 25%
Token infoTicker: COTI
Token standard: ERC-20
Accepted currencies: ETH, BTC, USD
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
10% - Legal and Compliance
25% - R&D
16% - Marketing
12% - Merchant Services
10% - Reserve
10% - Market-Maker
7% - COTI Fund
10% - Operational Expenses
COTI (COTI) Roadmap
Foundation and R&D.
Consensus White Paper release.
Onboarding Design Partners.
T1 Token sale - $15M.
Alpha release trustchain.
Test net release.
COTI coins minting.
First partners applications roll out.
Advanced partners applications roll out.
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