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Description

Description


Based in Gibraltar, Currency Of The Internet (COTI) is a decentralized payment platform that aims to become a payment mechanism for cryptocurrency users as it can instantly convert and transact digital assets through the Trustchain, a protocol developed by the COTI platform to replace third-party entities. In addition, COTI uses a blockless payment system based on a directed acyclic graph (DAG) to improve the protocol scalability.

The COTI token is the cryptocurrency created to fuel the payment platform. It can be used on the Currency Of The Internet exchange mechanisms as well as to pay for goods, services or earn fees discounts. 

Full Name COTI (COTI)
Start Date 2018-12-02
Algorithm N/A
Proof Type N/A
Website https://coti.io/
Twitter @COTInetwork
Facebook N/A
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Previous Total Coins Mined N/A
Net Hashes Per Second N/A
ICO Details

ICO Details


Based in Gibraltar, Currency Of The Internet (COTI) is a decentralized payment platform that aims to become a payment mechanism for cryptocurrency users as it can instantly convert and transact digital assets through the Trustchain, a protocol developed by the COTI platform to replace third-party entities. In addition, COTI uses a blockless payment system based on a directed acyclic graph (DAG) to improve the protocol scalability.

The COTI token is the cryptocurrency created to fuel the payment platform. It can be used on the Currency Of The Internet exchange mechanisms as well as to pay for goods, services or earn fees discounts. 

Team:

  • Shahaf Bar-Geffen: CFO
  • Dr. Nir Haloani: Co-founder, VP business development. 
  • David Assaraf: HR. 
  • Yair Lavi: VP marketing. 

COTI ICO began on August 15, 2018. The ICO token supply represents 30% of the total token supply, so there is a total of 600,000,000 COTI tokens available, for 0.1 USD each. The ICO funding cap is 30,000,000 USD and is expected to end on September 1, 2018 or when the funding cap is reached. Any unsold/remaining tokens will be allocated to the reserve.

Token Reserve Split (70%):

  • 45% Incentives/Liquidity/Reserve;
  • 15% Team;
  • 10% Advisors.

The COTI token will not be mineable.

 

ICO Status Ongoing
Token Supply 2000000000
Start Date 2018-08-15
End Date 2018-09-01
Fund Raised (BTC) 3,001,028 USD
Fund Raised (USD) 3001028
Start Price (USD) 0.1
Security Audit Company N/A
ICO Legal Form Corporation
ICO Jurisdiction Gibraltar
Legal Advisers N/A
Blog https://medium.com/cotinetwork
White Paper https://coti.io/en/files/COTI-overview-document.pdf?v=11de17ff0990