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COTI (COTI) ICO

ICO
Past
Jun 01, 2019 – Jun 14, 2019

COTI is a payments transaction network supported by a native digital currency. Purpose-built to solve the payments challenges of today, COTI will set the standard for how payments should work in the digital currency era. By combining the best of blockchain technologies with the best of traditional payments, COTI provides buyers and sellers everywhere with the easiest, most cost-effective and most reliable way to pay.

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COTI (COTI) ICO ratings

ICOrating.com COTI (COTI) icorating
Hype score Very High
Risk score Medium
Investment rating Risky
ICObench.com COTI (COTI) icobench 3.8 / 5
ICOmarks.com COTI (COTI) icomarks 9.1 / 10
TrackICO.io COTI (COTI) trackico 5 / 5
ICOholder.com COTI (COTI) icoholder 3.9 / 5
Our rating
8.6
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Overview

Project industry Finance Services & Banking
Product type Platform
Founded Gibraltar

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.
  • Native currency. The COTI network’s native currency, abbreviated as XCT, is a digital currency that serves as a means of collecting network fees, as a means of compensating mediators, and as a means of exchange between buyers and sellers. XCT was designed to overcome the scalability challenges associated with incumbent digital currencies, and will excel in common payments scenarios by supporting instant, zero-fee transactions. After first achieving widespread usage in direct network use cases (i.e., fees and mediation), XCT will have a robust foundation on which to become more widely-used as a means of exchange – and to become known as the Currency Of The Internet. XCT’s value will be inextricably tied to the growth of the COTI network.

    Applications & services. COTI is developing a suite of applications and services that will provide individuals, merchants and crowdsourced mediators with seamless connectivity to the COTI network. For consumers, the COTI wallet and virtual debit cards will facilitate the secure storage, transmission, and exchange of digital and fiat funds. For merchants, the COTI processing solutions will facilitate the acceptance of payments in a variety of fiat and digital currencies at substantially lower processing fees. And for mediators, the COTI mediator client will enable mediators to contribute to, and be compensated for, the successful resolution of transaction disputes.

    COTI is laying the licensing foundations that will enable it to comply with existing regulations, both as a payments network and as a currency exchange. With respect to XCT and the handling of digital currencies more generally, the COTI team welcomes greater regulatory clarity and believes digital currency-specific frameworks will serve as a catalyst for the mainstream adoption of digital currencies. For this reason, COTI has entered dialogues with regulators globally to help shape their respective frameworks. In the interim, COTI is adopting banking industry compliance standards to ensure that its digital currency-related activities do not serve as a conduit for money-laundering or other illicit activity.

    The COTI team includes veterans of the payments, cryptography, asset management and banking domains – with experience ranging from Processing.com, Markets.com and PAY.COM, to Investec Bank, BlackRock and HSBC. The team has set ambitious development targets and is on track to launch the first phase of the COTI network in the first quarter of 2018. Thereafter, COTI will build on its robust technical foundations to continue making payments universally easier, more cost-effective and more trusted for the benefit of buyers and sellers everywhere. Ultimately, COTI will make more trade possible by enabling the free-flow of value in the same way that the Internet enables the free-flow of information.

    Details

    Public sales: Jun 01, 2019 - Jun 14, 2019
    Hard cap: 30,000,000 USD
    Raised: 15,000,000 USD

    Legal

    Blockchain Platform: Trustchain
    Country 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

    Bounty

    Social media: 75%
    Bitcoin talk signature campaign: 25%

    Token info

    Ticker: COTI
    Type: 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

    Offices on the map

    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
    Shahaf Bar-Geffen
    CEO
    linkedin
    Eli Hallufgil
    Eli Hallufgil
    Technology team leader
    linkedin
    Yoni Neeman
    Yoni Neeman
    Software Engineering
    linkedin
    Anton Suslonov
    Anton Suslonov
    Data Science
    linkedin
    Yair Lavi
    Yair Lavi
    CFO
    linkedin
    David Assaraf
    David Assaraf
    COO
    linkedin
    Samuel Falkon
    Samuel Falkon
    Co-founder, VP business development
    linkedin
    Tamar Drachli
    Tamar Drachli
    Social
    linkedin
    Dr. Nir Haloani
    Dr. Nir Haloani
    CTO
    linkedin
    Efrat Bar-Lev
    Efrat Bar-Lev
    VP marketing
    linkedin
    Guy Klajman
    Guy Klajman
    CRO
    linkedin
    Costa Chervotkin
    Costa Chervotkin
    Product Manager
    linkedin
    Yaniv Dadon
    Yaniv Dadon
    Software developer
    linkedin
    Zalman Goldstein
    Zalman Goldstein
    Software engineer
    linkedin
    Ben Elnekave
    Ben Elnekave
    Software Engineer
    linkedin
    Anna Bocharov
    Anna Bocharov
    Community
    linkedin
    Oriane Maire
    Oriane Maire
    Community
    linkedin
    Albert A. Levi
    Albert A. Levi
    Community
    linkedin
    Yohai Agami
    Yohai Agami
    Software Developer
    linkedin
    Niv Abramovich
    Niv Abramovich
    VP product
    linkedin
    Shani Patael
    Shani Patael
    Front end developer
    linkedin
    Kirill Chudinov
    Kirill Chudinov
    Software engineer
    linkedin
    Shani Assaraf
    Shani Assaraf
    Project manager
    linkedin

    Advisors

    Former CIO & MD BlackRock in COTI (COTI) - 24
    Dr. Matt McBrady
    Former CIO & MD BlackRock
    linkedin
    Former CEO Investec
 in COTI (COTI) - 25
    Steven Heilbron
    Former CEO Investec
    (Co-Founder) CEO in COTI (COTI) - 26
    Avi Chesed
    (Co-Founder) CEO
    linkedin
    (Co-Founder) President Processing.com in COTI (COTI) - 27
    Jon Avganim
    (Co-Founder) President Processing.com
    linkedin
    Blockchain Funding Expert in COTI (COTI) - 28
    Sebastian Stupurac
    Blockchain Funding Expert
    linkedin
    Blockchain Expert in COTI (COTI) - 29
    Stas Oskin
    Blockchain Expert
    linkedin
    Professor University of Cologne in COTI (COTI) - 30
    Prof. Martin Fochmann
    Professor University of Cologne
    linkedin
    CEO Arcana Capital in COTI (COTI) - 31
    Dr. Stephan Wessel
    CEO Arcana Capital
    linkedin
    CEO Skybridge Investment
 in COTI (COTI) - 32
    Dr. Stefan Hlawatsh
    CEO Skybridge Investment
    Advisor in COTI (COTI) - 33
    Greg Kidd
    Advisor
    linkedin
    CEO, Luna Capital in COTI (COTI) - 34
    Lindsey Maule
    CEO, Luna Capital
    linkedin
    Partner, Barnea & Co. in COTI (COTI) - 35
    Dr Zvi Gabay
    Partner, Barnea & Co.
    linkedin
    Co-founder and CEO, Simplex in COTI (COTI) - 36
    Nimrod Lehavi
    Co-founder and CEO, Simplex
    linkedin
    Group CIO, Tulla Private Equity Group in COTI (COTI) - 37
    Kevin O’Hara
    Group CIO, Tulla Private Equity Group
    linkedin
    Partner TLDR in COTI (COTI) - 38
    Alex Yamashita
    Partner TLDR
    Partner TLDR in COTI (COTI) - 39
    Eugene Kan
    Partner TLDR
    Founder, Onchain Capital in COTI (COTI) - 40
    Ran Neu-Ner
    Founder, Onchain Capital
    linkedin

    Social media

    Web-site Reddit: COTI (COTI) Medium: COTI (COTI) YouTube: COTI (COTI) Telegram: COTI (COTI) BTCTalk: COTI (COTI) LinkedIn: COTI (COTI) Twitter: COTI (COTI) Facebook: COTI (COTI) Slack: COTI (COTI) Github: COTI (COTI)

    User rating:

    4/5 ( 3 )

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