ICO Analysis: COTIPublished on July 10, 2018
By Kent Hamilton
Proof:
https://hacked.com/ico-analysis-coti-2/Token
COTI tokens will initially be issued as ERC-20 tokens until the launch of the COTI main net, at which time the tokens will be converted to COTI native tokens on the COTI network transaction ledger. Consumers, merchants, mediators and node operators will use COTI tokens for all interactions. COTI tokens will serve as the common denominator of payments, fees, and mediation and incentivize node operators in the COTI network.
The ico price will be
1 COTI = $0.10 USD with a
total supply of 2,000,000,000 COTI. 30% of tokens are available for purchase with a
hard cap of $30,000,000 USD.
Token Distribution is as follows: 30% Token Sale
22% Reserve
15% Team (Vested 2 years)
10% Backers, Partners, Advisors (6 – 24 month lock-up)
13% Incentive Program
10% Liquidity
TeamThe COTI team consists of over 30 members with experience and expertise in financial services, payments, software engineering and cryptography. A few members of the executive team include:
Shahaf Bar-Geffen – CEO
CoFounder & Director – Maple
Co-Founder & Director – Positive Mobile
Co-Founder & CEO – WEB3
David Assaraf – COO
Former Chief Internal Auditor – HSBC
Dr. Nir Haloani – CTO
Co-Founder & CTO – Articoolo Research
Former head of research of Real-Time Compression – IBM
Yair Lavi – CFO
Former CEO & Finance Director – Plus500
COTI also lists an impressive total of 17 advisors including Dr. Matt McBrady (CIO of BlackRock), Greg Kidd (CEO of globaliD, former CRO of Ripple Labs), and Theofanis Alexoudas, Ph.D. (Senior Advisor for McKinsey & Company, former Firmwide Market Risk for J.P. Morgan).
VerdictMass adoption is a major key to COTI’s success and by partnering with processing.com, the companyis on track to provide its payment services to individuals and merchants globally, with over 10,000 merchants in the process, ready to accept COTI as a valid form of payment. If implemented successfully, COTI could quickly become a major player in this space.
Risks Although the idea, whitepaper, and team are impressive, the end product will ultimately decide the success or failure of this project and the alpha net launch (MVP) isn’t scheduled until Q3 2018. -1
There will be major competition such as Visa, MasterCard, PayPal as well as other blockchain players already within the cryptocurrency space. -1
Token metrics such as the hard cap, percentage of tokens available during the token sale, team tokens, etc. are important to ICO investors. Overall, the COTI token metrics receive a thumbs up. However, the $30 million USD hard cap is slightly on the high side in today’s market. -0.5
Growth Potential ICOs with partnerships tend to do well in the current market. COTI has aggressively focused on and developed strategic partnerships with companies such as Bancor, Processing.com, Stox, Wings, Transact Europe, GlobaliD and WEB3. +3
Not only is COTI providing a means of digital currency for payments, it is also providing a native wallet and a native currency exchange which will make transactions easier and simpler by providing these products/services together. +2.25
Although facing fierce competition with other online payment companies, COTI has tremendous potential if able to attain only a small fraction of this massive and growing industry. +2.75
Fair or not, speculation and hype play a major part in today’s ICO market. COTI has implemented an excellent marketing strategy encouraging community involvement and building hype with currently over 18,000 followers on Twitter and over 40,000 members on Telegram. +2
DispositionAiming to be the “Visa” of blockchain, the vision and ambitions of COTI are lofty and bold, to say the least. However, if successful, COTI could be another breakout ico of 2018. COTI receives a rating of 7.5/10.
Investment Details Symbol: COTI
Platform: Ethereum
Price: 1 COTI = $0.10 USD
Hard Cap: $30M USD
Total Supply: 2 Billion COTI
Available for Purchase: 30%
Public Sale: TBA
My opinion: I would refrain from investing in this project. Why? Because I was confused by the fact that only 30% of tokens from 2 billion were allocated for sale, with a price for a token of 10 cents. I think how the token will go to the stock exchange, it will go to the area of 1 cent, or even less.
