Some projects that go to the ICO are quite well known, information about others is much less, especially if a Russian-speaking user wants to get acquainted with it. This is the project is COTI, information about which the network is not so much. We decided to look into what it is.

Introduction to the COTI project

Upon closer examination of the objectives and concept of the project of canadian origin, COTI can be traced its analogy with the PayPal payment system. The Coti platform promises to become a large-scale decentralized payment network with a single currency-XCT.

On the official website of the project you can find information that the COTI network is built from scratch to solve those payment problems that face modern economies. Its concept combines the traditional approach of existing payment systems and technological features of blockchain. The COTI network promises to be a simple, reliable and fast payment method, equally beneficial to buyers and sellers thanks to the blockchain capabilities and its smart contracts.

The currency of the Coti ecosystem is primarily focused on the consumer segment, it is positioned as a means of payment between individual sellers and buyers. It is planned to turn it into an instrument through which world trade can be transformed. After all, today there are new trends and forms of trade, actively developing online markets, updated cross-border Commerce, peer-to-peer operations are popularized format P2P.

AT the same time, the Coti payment network promises to solve the imperfections of similar systems (PayPal and Bitcoin), namely:

• High fees (it is almost impossible to make payments with a minimum Commission in the bitcoin network at the moment);
  the duration of the transaction confirmation (due to issues of scalability of the bitcoin network it began to form a long queue of pending verification operations).
• Another task of the network COTI – to pull the blanket over cryptocurrency calculations when performing trading operations. To date, of the 49.8 trillion transactions annually conducted by consumers, only 0.003% are of a cryptocurrency nature, and this despite the fact that bitcoin has laid a solid Foundation for cryptocurrency transformation of the economy.

How will the innovative Coti payment network work? It is based on a Protocol of trust, designed to regulate the relationship of the parties. It involves an algorithmic assessment of the reliability and integrity of sellers and buyers, calculated on the basis of their behavior over a period of time. This individual index is an indicator of reputation, which allows you to save on transaction processing. The maximum possible reliability on the scale of service frees the seller from the need to pay for their operations.

Resolution of disputes in the COTI network will be carried out with the assistance of independent and impartial mediators. For their services, they will receive a fee in the internal currency of XCT.

General information COTI Coin

Name: COTI
Platform: Trustchain
Price: 1 COTI = 0.1 USD
Hard Cap: 30 000 000 USD
ICO Time: 2018-06-15 - 2018-07-18

Roadmap

Team

Full command list https://coti.io/en/team.html

Those who want to stay up to date with the events and development of the project COTI, can subscribe to its pages in social networks or join the chats:

Profiles COTI:

WebSite: https://coti.io
WhitePaper: https://coti.io/files/COTI-technical-whitepaper.pdf
ANN thread: https://bitcointalk.org/index.php?topic=2934563
Telegram: https://t.me/COTInetwork
Facebook: https://www.facebook.com/COTInetwork
Twitter: https://twitter.com/COTInetwork
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1981881
My Bitcointalk Username: byLXS
My Bounty0x Username: @ccnru