COTI
Reputation Ratings

COTI

COTI 5-10 years
Website https://coti.io/
Browser
OTH RELPs
Github
White Paper
Avg Price
+1.58%
1D

$ 0.1218 USD

$ 0.1218 USD

Market Cap

$ 207.243 million USD

$ 207.243m USD

24h trading volume

$ 9.982 million USD

$ 9.982m USD

7d Vol

$ 127.705 million USD

$ 127.705m USD

Circulating supply

1.5726 billion COTI

Related information

Issue Time

2019-06-05

Platform pertained to

--

Current price

$0.1218USD

Market Cap

$207.243mUSD

Volume of Transaction

24h

$9.982mUSD

Circulating supply

1.5726bCOTI

Volume of Transaction

7d

$127.705mUSD

Change

24h

+1.58%

Number of Markets

173

Github Messages

More

Warehouse

Camille Coti

Github's IP Address

[Copy]

Codebase Size

22

Last Updated Time

2020-12-30 23:41:25

Language Involved

--

Agreement

--

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Introduction

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3H

+8.07%

1D

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1W

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1M

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1Y

-31.52%

All

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Aspect Information
Founded Year 2017
Main Founders David Assaraf, Nir Haloani, Yair Lavi, and Shahaf Bar-Geffen
Support Exchanges Binance, KuCoin, CoinEx, etc.
Storage Wallet Ledger, Trezor, etc.
Customer Support Email: contact@coti.io, Twitter, Discord, Telegram, Github, Youtube

Overview of COTI

COTI is a decentralized cryptocurrency that presents a novel solution to the challenges faced by traditional payment platforms and other digital assets. Launched in 2017, COTI is built on its own native blockchain, known as the Trustchain, which employs a directed acyclic graph (DAG) data structure in order to establish scalability and low transaction costs. The coin COTI serves as the network's native cryptocurrency token and is utilized for various transactions and interactions within the network.

Some of COTI's standout features include its trust scoring engine, which assigns trust scores to transaction participants and incentivizes honest transactions; a Mediation Service, aimed at resolving conflicts between buyers and sellers; and a price stability framework that mitigates the volatility common in the cryptocurrency market.

The development of COTI is overseen by the COTI Foundation, a non-profit organization tasked with promoting and supporting the ongoing growth and development of the COTI network. Meanwhile, the technology is driven by an open-source community.

COTI's ambition is to become a fully encompassing 'finance on the blockchain ecosystem, drawing users away from traditional financial systems and into the digital economy. At the same time, one should be aware of the risks and volatilities inherent in the cryptocurrency market when considering investment or participation in such digital assets.

Overview of COTI

To obtain more information, you can visit their website: https://coti.io and try to log in or register to use more services.

Pros and Cons

Pros Cons
Decentralized platform Risks and volatilities common to cryptocurrency
DAG data structure allows for scalability and low transaction costs Dependency on user adoption
Price stability framework
Trust Scoring Engine
Dispute resolution through Mediation Service

Pros of COTI:

1. Decentralized Platform: COTI operates on a decentralized platform, meaning it is not controlled by a single entity or organization. This offers potential benefits like enhanced security and increased privacy.

2. DAG Data Structure: The Directed Acyclic Graph (DAG) data structure allows for scalability and low transaction costs. The system can efficiently accommodate a large number of transactions, thereby improving the overall user experience.

3. Price Stability Framework: Given the volatility common in the cryptocurrency market, COTI's price stability framework seeks to mitigate wild fluctuations in value, providing more predictability for users and investors.

4. Trust Scoring Engine: By scoring the trustworthiness of transaction participants, COTI incentivizes honest behavior. This could help ensure fairness and reduce fraudulent activity in the network.

5. Mediation Service: In the event of disputes between buyers and sellers, COTI offers a mediation service to facilitate resolution. This could enhance user confidence in the platform and strengthen its reputation as a reliable trading medium.

Cons of COTI:

1. Risks and Volatilities: Like all cryptocurrencies, COTI is subject to the inherent risks and volatility of the crypto market. The value of COTI can drastically change within short periods, potentially leading to significant losses.

2. Dependency on User Adoption: The success and functioning of COTI depend on widespread user adoption. If COTI fails to attract a sufficient number of users, its potential and value could be limited.

What Makes COTI Unique?

COTI introduces several technological innovations that differentiate it from many other cryptocurrencies. Key amongst these is the use of a Directed Acyclic Graph (DAG) data structure, a deviation from the traditional blockchain used by many decentralized networks. This structure is designed to enable high scalability without compromising security, making it a fit for handling large volumes of transactions efficiently as compared to many blockchain-based cryptocurrencies.

Furthermore, COTI's proprietary Trust Scoring Engine sets it apart. This is a system that assigns trust scores to transaction participants in order to incentivize honest behavior within the network. This innovation places significant emphasis on the reputation of each user, which is less common among other platforms where transactions are typically anonymous.

In addition, COTI's platform includes a Mediation Service, a feature designed to resolve disputes between buyers and sellers, providing a level of consumer protection not present on all cryptocurrency networks.

Another differential element is COTI's price stability framework. While many cryptocurrencies are known for their volatility, COTI has implemented measures to counteract rapid price fluctuations, which could create more predictability for users and investors.

It's important to also note that while these features set COTI apart, they also contribute to the coin's own set of challenges and risks. The cryptocurrency market is highly volatile and investors should always conduct thorough research and consider risk tolerance.

How Does COTI Work?

COTI operates on its own proprietary blockchain known as the Trustchain. This blockchain utilizes a directed acyclic graph (DAG) data structure, which works particularly well with the transfer of digital assets. In a DAG structure, multiple transactions can run concurrently, which allows for superior scalability and lower transaction costs when compared to traditional blockchains.

The network also introduces a unique Trust Scoring system, assigning individual trust scores to network participants based on historical behavioral data. The higher the trust score, the lower the associated transaction costs, encouraging trust and honesty within the community.

In addition, the COTI network has instituted a Mediation Service to mediate conflicts between transaction participants. This mechanism adds a degree of consumer protection, which is not prevalent in all cryptocurrency networks.

Lastly, to tackle the volatility common in the cryptocurrency market, COTI incorporates a price stability framework. This system is designed to mitigate rapid fluctuations in the coin's value, providing a level of predictability for its users and investors.

As every system has its risks and challenges, it is crucial for potential investors to thoroughly understand the operating mode and principles of the COTI network before investing.

Price

The price of COTI has been relatively stable over the past year, with a few spikes and dips. In the past 24 hours, COTI has fluctuated between $0.00064 and $0.00067.

COTI is not mined. It is a utility token that is used to power the COTI cryptocurrency payment network.

The current total circulating supply of COTI is 9.47 billion COTI. This number represents the total number of COTI tokens that are currently in circulation and available for trading.

Exchanges to Buy COTI

You can buy COTI on various exchanges, including Binance, KuCoin, CoinEx, Bittrex, BitMart, and others.

1. Binance: Binance is one of the largest and most well-known cryptocurrency exchanges in the world. For COTI, Binance offers trading pairs with Bitcoin (BTC), Binance Coin (BNB), and stablecoin Tether (USDT).

2. KuCoin: KuCoin is another exchange where users can purchase COTI. It supports trading pairs of COTI with Bitcoin (BTC) and Tether (USDT).

3. CoinEx: CoinEx is a global digital coin exchange service provider that supports the trading pair of COTI with Tether (USDT).

4. Bittrex: Bittrex is a secure online cryptocurrency exchange offering several trading pairs with COTI, including Bitcoin (BTC) and Tether (USDT).

5. BitMax: BitMax is an innovative digital asset trading platform providing diverse market trading services like bitcoin spot trading, futures trading, margin trading, and more. It supports the COTI/USDT trading pair.

Exchanges to Buy COTI

Remember that before trading, check the currency pairs available for COTI in each exchange, and decide what best fits according to individual preferences and needs. Also, bear in mind the importance of security considerations when choosing an exchange. Finally, evaluate the fees, liquidity, and reliability of the exchange.

How to Store COTI?

COTI can be stored in several types of wallets, each with different levels of security, convenience, and accessibility:

1. Hardware Wallet: This is the most secure option for storing cryptocurrencies. For COTI, Ledger, and Trezor are popular hardware wallets. These wallets store your coins offline and require a physical device to access them, mitigating the risk of online hacks.

Trust Wallet

2. Software Wallet: Software wallets are applications that are downloaded and installed on a device (computer or smartphone). For COTI, Trust Wallet and Atomic Wallet are examples of software wallets that support it. These offer more convenience than hardware wallets, but they are slightly less secure because they work through an internet connection.

3. Web Wallet: Web wallets are accessible over the internet from any device with a web browser. These are convenient but not very secure due to their online nature. Some exchanges also offer web wallets.

4. Mobile Wallet: Mobile wallets are smartphone apps that store your COTI. They offer both convenience and reasonable security, especially those that dont keep the private keys. Trust Wallet can also act as a mobile wallet for COTI.

5. Desktop Wallet: Desktop wallets are installed on a single computer and secure because the wallets are only accessible from the machine where it was set up. COTI's own wallet is available for download from the projects website.

Remember that security should be a priority in deciding how to store COTI or any cryptocurrency. Always keep software up to date, use multi-signature protection when available, and do not share your private keys.

Should You Buy COTI?

Buying COTI may be suitable for the following categories of people:

1. Long-Term Investors: Individuals who believe in the future potential of COTI's technological innovations, and who are willing to hold onto their investments through market volatility, may benefit from purchasing COTI.

2. Crypto Traders: Traders who know how to navigate the fluctuations of the cryptocurrency market and who can react quickly to market shifts, may be able to benefit from the potentially high volatility of COTI.

3. Tech Enthusiasts: Those interested in the technology behind COTI, particularly its DAG data structure and Trust Scoring Engine, may want to invest in COTI as a way to contribute to this technology.

4. Diversified Investment Portfolios: Investors looking to diversify their portfolio with a variety of asset types, may look towards COTI and other cryptocurrencies as a way to potentially spread the risk across different sectors.

Professional and objective advice for those considering buying COTI:

1. Research First: Always conduct thorough research before investing. Understand the technology, the team behind it, their roadmap, and the market sentiment.

2. Understand Cryptocurrency Risk: Cryptocurrencies are highly volatile and can be a risky investment. Always invest money that you can afford to lose.

3. Diversify Investments: It can be a good strategy to diversify your investments, not just among different cryptocurrencies but across different asset classes as well.

4. Stay Updated: Follow news about COTI and general cryptocurrency industry updates to make informed decisions about when to buy, hold, or sell.

5. Consider Professional Advice: Before making any significant investment, it may be a good idea to seek advice from a financial advisor.

6. Understand the Legal and Regulatory Environment: Ensure you're informed about the legal and regulatory conditions of cryptocurrency in your country or region. This knowledge will reduce the risk of legal consequences.

7. Secure Your Investment: Its crucially important to use secure and reputable wallets and exchanges to store and trade your COTI. Ensure to take all the security precautions you can to protect your investments.

Investing in any kind of cryptocurrency, including COTI, involves risk. It's important to carefully consider your financial situation and risk tolerance before purchasing any digital assets.

Conclusion

COTI was introduced in 2017 as a decentralized platform aimed at addressing some of the challenges confronted by traditional payment platforms and cryptocurrencies. Utilizing a Directed Acyclic Graph (DAG) structure for its native blockchain, the Trustchain, COTI offers enhanced transaction scalability and reduced costs. The network also incorporates unique features such as a Trust Scoring Engine and Mediation Service, to incentivize honesty and resolve disputes, respectively, along with a price stability framework to counteract common cryptocurrency volatility.

The technology that underpins COTI is continuously developing under the supervision of the non-profit COTI Foundation and is driven by an open-source community. As a part of its ambitious future roadmap, COTI aspires to be a comprehensive 'finance on the blockchain' ecosystem, inviting users from traditional finance into the digital economy.

However, as with all cryptocurrencies, COTI's growth potential also encompasses inherent risks and volatilities. Factors such as user adoption, network performance, and information transparency can influence the coin's value. Being a newer cryptocurrency, COTI may also encounter challenges establishing itself in the inordinately competitive crypto market.

The possibility of COTI appreciating in value or generating profits for investors largely depends on these factors as well as the overall condition of the cryptocurrency market. Individuals considering COTI investment should perform thorough research and analysis, understanding that undergoing risk is an integral aspect of dealing with cryptocurrencies.

FAQs

Q: How is the COTI network constructed?

A: COTI is built on its own proprietary blockchain known as the Trustchain, which implements a Directed Acyclic Graph (DAG) data structure.

Q: What's the ambition of COTI in the realm of digital economy?

A: COTI aspires to be a comprehensive 'finance on the blockchain' ecosystem, transitioning users from the traditional financial infrastructure to digital options.

Q: Where can one buy COTI cryptocurrency?

A: COTI can be bought on several exchanges including Binance, KuCoin, CoinEx, Bittrex, BitMax and others.

Q: How does one safely store COTI?

A: COTI can be stored in a variety of wallets, such as hardware wallets (e.g., Ledger, Trezor), software wallets (e.g., Trust Wallet, Atomic Wallet), and COTI's own desktop wallet.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

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