📌[ANN] COTI - CURRENCY OF THE INTERNET. Digital currency built for payments ✔ - page 5.

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MoonPay is a fintech startup that onboards newcomers straight into crypto, with only a few intuitive steps and familiar procedures for any e-commerce user. It is available for 162 countries, including the United States, Europe, Japan, India, Vietnam & South Korea. Moonpay is Used by top platforms like Binance, Changelly, and Bitcoin.com

By extending our Fiat On-Ramp, COTI is now able to service it’s global users better, giving a better banking and cards coverage.

As mentioned in a previous article, the fiat on-ramp optimization (ORO) is one of the priorities for COTI as it ensures that prospective buyers will have the ultimate experience when having their card processed.
MoonPay will be implemented as one of the providers in COTI’s upcoming Blockchain Dollars and future solutions.

Stay COTI!

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Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Quote from: nira09 on August 13, 2020, 05:48:46 PM

I just read an article about Paywize "a subsidiary of COTI offering credit card processing for merchants".
this is pretty good, Paywize is already processing over $ 5 million per month and there are already over 500 new merchant applicants to join Paywize. of course this will support the adoption of the use of the COTI token.

https://medium.com/cotinetwork/coti-introduces-paywize-credit-card-processing-edc73969e7a4

thanks for your support!

Kind regards,
Vlad
COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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I just read an article about Paywize "a subsidiary of COTI offering credit card processing for merchants".
this is pretty good, Paywize is already processing over $ 5 million per month and there are already over 500 new merchant applicants to join Paywize. of course this will support the adoption of the use of the COTI token.

https://medium.com/cotinetwork/coti-introduces-paywize-credit-card-processing-edc73969e7a4

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July’s staking rewards have been successfully distributed on August 1st to all of the stakers who claimed it.

All stakers continued to receive a reward higher than the guaranteed annual return, ranging between 21% and 38% depending on the staking plan and the node’s performance.

Last month, COTI counted a monthly processing volume of $8.5M compared to $8M in June. Thanks to the significant spike in COTI’s average coin price this month, the increase in the COTI-based volume was more modest, which affected on the amount of fees collected; to demonstrate, the following is an example: when COTI price is $0.03, a full transaction of $1,000 is translated to 33,333 COTI, but if the COTI price is $0.04, the same transaction requires only 25,000 COTI. Assuming 0.01% fee, the first transaction charges 3.3 COTI as transaction fee, while the second charges only 2.5 COTI.

August will mark the launch of the first merchant to use Blockchain Dollars and the growth in volume will keep extending. COTI continues to maintain a healthy and rewarding environment for node operators and stakers, continuously making sure that we align the growth in staking volume with the growth of processing volume.

Earlier this month we launched the ability to purchase COTI directly via credit cards in KuCoin and ChangeNow.io, an option that will expand to more partners and exchanges soon, and we expect it to increase the liquidity in COTI, engaging new audiences that join our ever-expanding community.

We keep building to allow more people to stake COTI. Following our announcement about the new Community node, Lars Node, that went live on August 1st, we added 5M COTI into the staking volume, with a total of 50M COTI that can be staked directly on our Staking 2.0 platform and 70M COTI on Binance and KuCoin.

The demand to join the Staking 2.0 program continues to be very high and we do our best to include as many participants as possible through time. We thank you all for your patience.

For the full introduction to COTI’s Staking 2.0, click here.

To apply to Staking 2.0, click here.

Stake COTI, Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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COTI continues to extend its reach to be available for direct purchase via credit card, all over the world.

Following last week’s announcement, in which COTI is now one of the few cryptocurrencies to be approved for a direct purchase with a credit card, and being listed on KuCoin for a direct Fiat purchase, we are now excited to announce that the second exchange to allow COTI to be purchased with Fiat is one of the top leaders of the instant crypto exchanges — ChangeNow.io

ChangeNOW is a non-custodial crypto-to-crypto and fiat-to-crypto exchange service.

ChangeNOW has more than 170 coins available for crypto-to-crypto exchange and does not hold any limits; you can exchange as much as you want — account-free, worry-free, faster than light.

In addition, it offers a fiat-to-crypto on-ramp option, for a few coins, now with COTI included.

As of Tuesday, August 4th, 2020 at 06:00 pm UTC, COTI will be available for purchase on ChangeNOW with a credit card. COTI will also be available for exchange with other cryptocurrencies.

We will be giving away a total reward of $450 worth of COTI to celebrate this new FIAT Listing on ChangeNOW.

As soon as the listing will go live on Monday, August 3rd, 2020 at 06:00 pm UTC, a Raffle competition will kick-off.

About the Raffle:
1.Find the tweet posted by ChangeNOW on their Twitter channel
2.Retweet & tag 3 friends
3.Exchange $COTI on changenow.io
4.Reply to the main tweet with your exchange ID

10 random users will share a prize of $250 worth of COTI.

Stay COTI!

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Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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August will mark the 6th Community node added to the MainNet and the 12th in total.

We are pleased to present to you the Lars Node.

The new Community node will be operated by a TestNet operator who has been with COTI for a long time and has rightfully earned his new “MainNet Operator” title.
Lars is one of COTI’s first members who went through almost all of COTI’s phases and never failed to give us his feedback. We always felt his devotion to the project and it has been time for him to join the ranks of MainNet node operators.

The Lars Node will go live on August 1st and stakers will be able to apply for staking under his node.

Here is what Lars had to say:

“I am so proud to be chosen as the next node operator! I have been following COTI since the beginning of 2018 and I am impressed by COTI’s achievements.

First of all, I would like to say thank you to the amazing team. They are really doing a great job! A dedicated Dev-Team, an energetic support team, a charismatic management, and most of all a strong community — that are the basics for COTI’s success story.

I’m really looking forward to supporting the network by running a node and to help increase the scalability and security of the COTI DAG.
#COTIHOOD

Moon or Lambo… not my style. I really can’t wait to spend some COTI for buying products — Stay $COTI & don’t forget to SEND IT!”

By adding this 6th Community node into the MainNet, COTI is now increasing the staking volume to 50M COTI!
The demand for participation in Staking 2.0 continues to be very high and we receive application requests at a very high pace. Adding new nodes enables more staking spots. We will continue adding nodes gradually.
So…

Stake COTI, stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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We are excited to announce that as of now, COTI can be purchased directly with FIAT, facilitated by our partnership with Simplex.

By allowing users to purchase COTI directly with a credit card, debit card, or a bank transfer we add a huge liquidity source to our network and coin, as the process of purchasing COTI becomes far more easier and accessible.

To add to that, Simplex is not only integrated with major exchanges where COTI is listed, like Binance and KuCoin, but also with 200 other exchanges and platforms where COTI is not already listed, like Huobi, Trezor, Changelly.com, Changenow.io, OKEX and many more. This presents an opportunity for COTI to be exposed to new audiences and makes purchasing COTI even easier than before. Users can now use their preferred payment method, transfer FIAT, and type in a COTI wallet address. Within seconds, COTI will be transferred from a liquidity provider, buying COTI from the market, directly to the user’s wallet.

Having a direct Fiat On-Ramp to COTI is key for COTI’s whitelabel solution for enterprises who serve mass audiences, as their consumers are not comfortable with cryptocurrency wallets, but do own credit cards. With this integration, enterprises looking to issue tokens on COTI’s MultiDAG now have the added security of knowing will inherently be supported by an underlying fiat on ramp.

Enterprises who issue coins on COTI’s MultiDAG will now be able to offer their customers the ability to purchase their token, using a credit card, in over 35 currencies with global coverage, powered by COTI-X, planned to launch later this quarter. COTI-X will allow instant conversion between COTI to issued tokens, essentially allowing enterprises a fiat on-ramp for their token and further extending the utility of the COTI coin.

COTI now joins a selected club of the top 10 cryptocurrencies and 5 other exclusive currencies, including our partner CEL. Nimrod Lehavi, CEO for Simplex:

“Today COTI joins the ranks of tokens that can be bought directly with FIAT, like BTC, ETH, and XRP, to name a few. Simplex is the world’s biggest Fiat On-Ramp solution, designed to help people easily and securely buy crypto, wherever they may be. Simplex supports major credit card issuers, including Visa and Mastercard, to ensure seamless purchases. I’m happy to announce that COTI is now available through Simplex’s network and partners. Simplex helps millions of global users onboard to crypto, enabling the secure purchase of millions of dollars daily.”

Nimrod Lehavi, Simplex CEO

Users who buy COTI can determine how they want their card purchase to be denominated. They can choose from North America (USD, CAD), Europe (EUR, CHF, CZK, DKK, GBP, HUF, NOK, NZD, PLN, SEK, TRY, MDL), Asia (ILS, JPY, KRW, RUB, AZN, CNY, GEL, KZT, PHP, QAR, UZS, VND), Oceania (AUD), Africa (ZAR, NAD) and Latin America (ARS, CLP, COP, CRC, DOP, PEN, UYU). They can still purchase even if their card is issued in another currency, but might incur an international use charge from their bank.

Shahaf Bar-Geffen, CEO for COTI:

“Today marks a major milestone for COTI. Having a Fiat On-Ramp for a payment system is key for our core abilities and to our enterprise offering. Users can buy COTI directly from their preferred payment method, adding liquidity to our network from the millions of users that make their first steps to the crypto world and making COTI a coin of choice for many of them. We are currently in discussions with numerous platforms that wish to add COTI to their “buy crypto” page and we’re proud to say that our long time partner, KuCoin exchange, is already offering their customers to buy COTI with FIAT. Other partners to be announced soon”.

Shahaf Bar-Geffen, COTI CEO

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Hummingbot — Liquidity Mining is a community-based, data-driven approach to market-making, in which a token issuer or exchange can reward a pool of miners to provide liquidity for a specified token.

The bot is open-source and allows anyone to automate their trading and run market-making strategies. By simply specifying parameters without having to think through the technical implementation, users can now have access to the market-making world. Users can also track their earnings every minute of every day and the system is non-custodial, which means no one has access to your tokens.

By allowing community members to run Hummingbot, COTI is adding a new source of liquidity to the coin, and granting COTI coin holders the opportunity to be rewarded for it.

Thus, Hummingbot users who choose to participate in Liquidity Mining can earn token rewards for providing liquidity to certain trading pairs.

About the COTI liquidity mining campaign on Hummingbot:

The campaign will kick off on July 21st, 2020 at 12:00 pm UTC.
A reward pool of 9,000 USDC (750 USDC per week over 12 weeks) will be shared among all the campaign participants.
The eligible token pairs are: COTI/BTC, COTI/USDT, and COTI/BNB.
Eligible orders: maker orders placed with spreads of 2% or lower
Available exchange for the campaign: binance.com
Payment token: USDC

Liquidity Mining Rewards:

A total of 750 USDC per week, equally distributed across different token pairs (total: 3,000 USDC for every 4 weeks):

COTI/BTC: 250 USDC/week
COTI/USDT: 250 USDC/week
COTI/BNB: 250 USDC/week

All the information about the campaign can be found on the Humminbot announcement and on their website.

For technical support, please contact the Hummingbot team directly on their Discord channel: discord.hummingbot.io

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Before the official release of COTI Pay v1.0 “VIPER”, we thought it would be the right time to give you a glance at the newly designed wallet. This new COTI wallet is not only redesigned but will also include more features, to be released as the year progresses, such as iOS/Android native apps, Multi-Asset support (including BTC and Stable Coins), full Staking 2.0 console, Interoperability Bridge integration, Optimized Fiat On-Ramp, 1-click payments, easy Send/Receive, DeFi, and Virtual Debit Card.

Let us give you a sneak peek at the fresh brand new design of COTI Pay:

https://youtu.be/6JVytMSS8v4

VIPER will launch as a new design to our MainNet wallet, revamping it completely with a new sleek responsive design. We are saying goodbye to the generic MainNet wallet and welcoming COTI Pay, you don’t have to do anything, VIPER will update automatically!

VIPER will bring in a dashboard for Staking 2.0. All the information you will ever need about staking will be available within your wallet, as a standard.

VIPER will also include our Interoperability Bridge between COTI MainNet to COTI ERC20 to COTI BEP2, all built into the wallet. We are keeping our Bridge website in place, but now you will no longer need to go on it if you have a COTI Pay wallet.

This interactive document will give you a tour inside the new COTI Pay wallet.

https://projects.invisionapp.com/share/X4Y3AQJ5YSB#/screens

We are adding all of these new intelligent features to help us give you what you need at any time with a simple tap on your iOS or Android device.
VIPER is coming soon!

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Blockchain Dollars is a wallet and payment system, using FIAT and stable coins, that allows gaming merchants to accept stable coins as a form of payment based on a white-label version of COTI’s payment infrastructure.

The online gaming market is a massive global industry, with an annual turnover of over $50B USD. Online casinos are considered high-risk merchants by all of the credit card networks, despite being fully regulated and compliant. Even the bigger names in the industry, publicly listed companies, like 888 and Betway, fall under this high-risk category.

This leads to numerous issues with accepting credit cards, restricting the merchants’ ability to maximize their revenue, while incurring high fees and limiting access both to and for consumers.

We have designed a slick custodian wallet with intuitive UI so that users that have no experience with cryptocurrencies will be able to use it with ease.

We are then integrating our own FIAT on-ramp, which has recently been upgraded to optimize payment processing for maximum number of users.
The merchant gains access to an off-ramp with 35 fiat currencies, so both the consumer and the merchant can sell stable coins to FIAT. We also have our merchant tools, including our merchant CRM, and have created an API that allows any gaming merchant to integrate their existing technology with Blockchain Dollars easily.
Transactions will be mirrored to the Trustchain allowing the merchant instant settlement and increased transparency.

Watch Blockchain Dollars Demo Video

https://youtu.be/i7d5qwqvt9g

Our long term goal is for Blockchain Dollars to become both synonymous with, and the payment method of choice, for the online gaming industry.

Interactive links:

Wallet and working flow:
https://projects.invisionapp.com/share/YEUKHW0PKC5#/screens/423266006_7-Login

Merchant quick check-out demo:
https://projects.invisionapp.com/share/YEUKHW0PKC5#/screens/423266034_22-Merchant_Payroll

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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COTI’s Trustchain is the base infrastructure for our systems and products. We have recently introduced our growth plan, product roadmap, and COTI Pay — that will include a new wallet, multiple assets, DeFi, Prepaid card, Fiat On Ramp, and more. Supporting such a huge growth in our processing volumes will require fortifying our network. Hence, it’s time for MainNet 2.0!

Since its launch in June 2019, the Trustchain has processed millions of transactions globally.

We are one of the few fully functioning DAG-based MainNet’s in the market and definitely the only one to introduce MultiDAG. MultiDAG is the world’s first platform to allow the issuance of tokens on top of a DAG base structure, the same way ERC20 tokens can be issued on Ethereum.

We are also the only one out there allowing node operators and stakers to take part in a payment processing transaction, rewarding them with COTI coins.

As our system grows, so does our knowledge and appetite to improve our product and network.
We have been researching and developing new ways to scale up a DAG and have been deeply researching into pBFT and threshold signatures.

We will scale and optimize up our DAG this year, introducing DAG 2.0.

We will also be introducing what is considered by many a tremendous technological achievement: a functioning pBFT on our network, upgrading our MainNet to MainNet 2.0.

Alongside the core development of our Trustchain infrastructure, we have been working on our Global Trust System, allowing other chains to leverage our trust scoring system, essentially allowing users to type in an address and get feedback on how trustworthy that address or entity is. Other than COTI’s Trustchain, of course, we’ll also be supporting the Bitcoin and the Ethereum network this year.

See here an estimated timeline for development:

In more detail:

DAG 1.0, our current system which we have named “Ant” has the following abilities -

A decentralised solution designed to enable secure and trustworthy transactions. This solution relies on the distribution of Cluster responsibility to several types of Nodes, which are run by users. There are several node types in the COTI network: Full Node, Double Spend prevention (DSP) Node, Trust Score Node, History Node, Financial Node, Node Manager.
Node Manager: the Node Manager in the COTI network allows seemingless deployment of nodes operating in the COTI network and allows anyone to join the network as a node operator and run any type of node.
Trustchain Consensus: DAG 1.0 introduced a new approach to achieving consensus between transacting parties operating on a DAG-based data structure. The Cluster is a ledger, or a record of all transactions in the network, which is based on a completely decentralised DAG that is not stored by any central authority. The Cluster achieves scalability through its use of parallel source selection and confirmation of transactions, as well as its use of COTI’s Trust Scores. Each transaction in the Cluster receives a Trust Score equal to the sending account’s Trust Score. A transaction’s Initial Trust Score is used to define the unvalidated transactions (sources) which will be validated and referenced by the transaction, as well as the amount of PoT that should be performed prior to transaction attachment.
MultiDAG — COTI’s infrastructure is not bound to one instance of DAG. The same infrastructure of nodes permits the creation of multiple DAGs for different originators and purposes. There can be voucher tokens, stablecoins of varying nature, dedicated tokens for global companies, or scalability tokens to speed up settlements in other blockchains. COTI will use several independent clusters that each support one token, which will make the whole network efficient and adjustable. The COTI MultiDAG ecosystem is similar to Ethereum, as a common decentralized infrastructure is the basis for a multitude of different tokens and smart contracts and one main coin for paying fees.

DAG 2.0 (codename “Bee”) will be all about speed and efficiency. With the introduction of DAG 2.0, planned for Q3, we’ll be introducing:

DAG structure optimizations and improvements — in the new structure validation of transactions will have the ability to overcome missing transactions not persistent between nodes and retrieval and synchronization of all nodes DAG’s. By that init and sync process of new nodes will be significantly more efficient and fast. By deploying the new DAG structure the network will be able to scale up and support more transactions and nodes propagated through the network.
Storage efficiency — The ClusterStamp: to prevent the growing Cluster from becoming unmanageable in storage size, COTI has implemented the Clusterstamp, which consists of two phases:

1.The last fully confirmed transactions (having both Trustchain consensus and DSP consensus) for each account have been found. The ‘last’ transaction means that there are no fully confirmed transactions confirming it. These transactions then become the genesis transactions in the next generation of the Cluster.
2.All other confirmed transactions are excluded from the working DAG kept by Full Nodes. All non-confirmed transactions are kept in the working DAG. The Clusterstamp process is performed automatically.

A successful payment system is supposed to process high throughput of transactions, circa ~ 1B transactions per annum. While most blockchain systems have a payload of transaction size of ~5 KB, it means that after one year of processing the network can generate several terabytes of transaction data. Therefore, it is not reasonable that full nodes store all of these data and will limit our scale. The clusterstamp will solve this issue and make our network faster and lighter.

Build a protocol which will support ‘bridges’ between clusters:

1.Each DSP Node that receives a transaction propagates it to its strongly connected fellow DSP Nodes (in its own cluster) and to one DSP Node from each additional cluster.
2.The process in each cluster is similar to receiving the transaction in the initial receiving DSP Node. The transaction is propagated to all other DSP Nodes in that cluster and is then confirmed, signed, and sent back to the original DSP Node from the first cluster.
3.Each cluster has an ‘election’ where the validity of the transaction is decided, and the majority of votes in each cluster will be taken into account as the bucket’s verdict.
4.The cross cluster decision regarding validity will be chosen in the same manner. Each bucket’s verdict will be taken into account as one vote, and the majority of buckets will rule on the verdict.
5.DSPs will be evenly distributed among buckets in order to prevent small buckets from being able to influence the whole network.

Most blockchain solutions require that all system nodes be strongly connected to reach transaction consensus. This type of network topology does not allow high throughput and the support of parallelized transactions. Deploying our cluster architecture allows COTI to overcome the scalability challenge, approve transactions faster, and make COTI the most suitable to support a global payment system.

Payment request — COTI’s unique solution for “One-click payment” for merchants and consumers. It provides consumers a “Pay with CRYPTO” button they can embed and integrate directly to merchants’ websites without filling the details about the merchant and the purchased item.
Automatic Network Discovery Algorithm which will allow COTI to -

1.Reduces the risks associated with having a single point of failure in the network and further decentralizing it.
2.An automatic way to discover neighboring nodes (minimising the amount of time and effort the user would have to do to manage this manually).
3.A way to intelligently avoid the risks (as much as is possible) associated with accepting data from another node, without becoming reclusive or becoming locked into cliques.

With DAG 2.0 (Bee) in place, we’ll have the required cluster to upgrade our network. In parallel to that, we have been deeply researching pBFT. With both abilities in place,
we’ll move from the Falcon era to the Eagle era, and from MainNet 1.0 to MainNet 2.0.
MainNet 2.0 will have the following abilities:

1.In MainNet 2.0 COTI will introduce our unique PBFT solution. The PBFT is a way for a distributed network to reach the consensus set for the Blockchain even if some nodes are malicious. In any distributed network, for a transaction to be approved, a certain number of nodes must agree to this. PBFT is the feature of the application to approve the transactions even if some nodes are not approving the transaction.
2.Presenting Initial Consensus Protocol for DSP — at the DSP-BFT stage, we plan to implement one of PBFT-like consensus variants in full. This stage includes:

“view changes” or similar mechanism
leader election
“fast path” for processing most transactions

3.Deployment of Consensus (pBFT) in TestNet 2.0 — at this stage we plan to add non-transaction polls. It will be a “slow path” of voting because non-transaction (and not leader selection) polls are less urgent and should have less priority. This category of polls includes:

new Full node adoption.
DSP-nodes set reconfiguration.
possible some distributed government polls.

4.Deployment of Consensus (pBFT) in MainNet 2.0 — at this stage we will deploy the new pBFT consensus mechanism to MainNet 2.0.

While this process is taking place, the Global Trust System will launch with support for the Bitcoin network in the coming weeks. It’s almost ready to launch. The data for the system will keep on growing and as more users join, the more trustworthy crypto will be.
With enough feedback, we’ll launch our system for Ethereum later this year to cover most of the global transactions out there and to fully encompass our payments ecosystem with the much-needed trust this system can potentially bring.
The Global Trust System will make COTI synonymous with Trust, which is a very required attribute for mass adoption and solves a major difficulty in the crypto world.

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Every great payment system has a great wallet. This is why we have been working hard on improving COTI’s wallet, for the benefit of COTI’s holders, consumers, and merchants alike.

We have been developing support for COTI, of course, but also for Bitcoin (as part of MyFirstWallet) and for Stable Coins (as part of Blockchain Dollars).

More so, throughout the last year, we have been pushing developments to our network like Staking 2.0 and the interoperability bridge, which lived in its own domain.

Now, it’s time to bring it all together to one amazing wallet called COTI Pay.

COTI Pay will be our MainNet wallet moving forward and will include support to multiple assets and unique abilities. COTI Pay will also be the base platform to launch upon COTI-X, our Fiat On-Ramp platform, DeFi products, 1-Click payments, and our Debit card.

COTI Pay will be available on responsive design for desktop and mobile, but also as a native mobile app on iOS and Android.

This week, we’ll publicly show the new design for COTI Pay, and from that point onwards constantly push features and abilities throughout the year. V1.00 of COTI Pay will be named VIPER.

We have put together a timeline to give you a good idea on when to expect updates. We hope you’ll love it like we do!
Here it is:

In details:

We’re finalizing Blockchain Dollars and launching an Alpha version with a major casino in the coming weeks. It turned out to be better than our wildest expectations! We plan on giving our followers an intimate tour of the product before it publicly launches. Stay tuned.

Blockchain Dollars, other than being a very promising revenue stream, was also a basis to an array of new technological and business abilities for COTI. These abilities will be adopted to COTI Pay.

A few of these abilities include:
Handling Stable Coins for payments — we now support any ERC20 based stable coin, from purchase to payment to redemption. The full cycle.

Fiat On-Ramps — there are quite a few fiat on ramps out there. All of which have areas of expertise but also weakness, like support for certain countries, cards, etc. We are the first to develop an optimization engine between them so that when a user wishes to pay fiat to get crypto, we know what system will give him the best chance of succeeding and we use it. We call this system ORO, which stands for On-Ramp Optimization (and Gold, in Spanish). Naturally, this system complements our own abilities to process credit cards, which we have mentioned earlier this year and have been growing.

We have put a lot of learning into the system, some AI, and business development efforts so that we’ll have the best solution to onboard new users, from the Fiat world, and introduce them to crypto. ORO will support a vast range of over 20 Fiat currencies, to have a very wide coverage and support as many people and use cases as possible.

This system, of course, will serve us on COTI Pay, and COTI-X too, which we’ll explain later in this article.

Lastly, Blockchain Dollars isn’t just a stand alone wallet as it integrates with gaming platforms through an API we have developed. This gives us an advantage when we onboard new gaming partners, as we already have a ready-made plugin for gaming platforms.

Around the launch of Blockchain Dollars, we’ll launch COTI Pay v1.0 VIPER.

VIPER will launch as a new design to our MainNet wallet, revamping it completely with a new sleek responsive design. There will be no more generic MainNet wallet, but only COTI Pay. You don’t have to do anything, it’ll update automatically.

VIPER will bring in a dashboard for Staking 2.0. All the information you’ll ever need with regards to your staking will be available within the wallet, as a standard.

VIPER will also include our famous interoperability bridge between COTI MainNet to COTI ERC20 to COTI BEP2, all built into the wallet. While the Bridge website will remain in place, you won’t need to go to it if you have a COTI Pay wallet. How cool is that?

Once we complete the responsive design to COTI Pay VIPER, it’ll be the perfect time to launch it on iOS and Android. Our wide community will finally have the ability to put us on their phones!

Moving forward down the timeline, we’ll launch COTI-X. We have realized a while back that the world doesn’t really need another exchange and so we have focused our efforts on what’s really required: having more users adopt crypto so that enterprises and merchants can adopt crypto.

We have decided that the best path will be to build the perfect Fiat On Ramp. That’s the gateway for everything. We all know people that “would have bought crypto if it wasn’t that complicated to get it and then handle it”. We believe that COTI Pay will be a very easy way to handle your crypto and so COTI-X will be a very easy way to buy it. The Fiat On Ramp will also use ORO — our Fiat On Ramp Optimization engine mentioned above to make sure that prospective buyers will have the best experience and chance having their card processed.

Once COTI-X is integrated into COTI-Pay, we’ll implement our MultiDAG capabilities to COTI Pay too. As a reminder, MultiDAG is the world’s first platform to allow the issuance of tokens on top of a DAG base structure, the same way ERC20 tokens can be issued on Ethereum. This gives COTI a huge advantage in the enterprise world and when coupled with a strong fiat on-ramp, will be the basis to approach various enterprises ready to adopt these types of solutions.

Version 2.0 of COTI Pay will be named COBRA, and will launch around Q4 this year.

Cobra will begin by supporting multiple assets, including but not limited to Bitcoin, Ethereum, USDT, USDC, and ADA (as part of our partnership with Cardano). We want to make our wallet as useful as possible and allowing our users to hold other assets is important.

Even more so, these assets can then leverage the abilities that will come with COTI Pay Cobra, as you can read below.

With Cobra, we’ll allow merchants to use “1-Click payment” for users who wish to pay with crypto. Instead of the cumbersome system that everybody is using today, that includes scanning a QR code from your mobile, we’ll implement a system that is more like “PayPal Touch”. Meaning, once you click on a payment button at a merchant website, your COTI Pay Cobra wallet will fire up automatically, allowing you to approve the purchase and finalize it with one click. This sort of flow is widely accepted outside of crypto and we believe that consumers prefer it, giving us an advantage in terms of adoption by the masses.

The next version of Cobra, v2.2, will introduce DeFi to our ecosystem. As mentioned earlier this year, we have partnered with Celsius Network to allow both our consumers and merchants alike to have a simple access to savings and loans through COTI Pay. Merchants carry a substantial positive balance of stable coins in their wallets, it only makes sense for them to gain interest in it. Merchants sometimes need working capital loans, why not grant them directly on their wallet?

Lastly, v2.3 will introduce the long awaited COTI Pay debit card. The debit card will be a virtual debit card (though plastic may also be available, if required) allowing users to spend both their COTI and other supported assets on Cobra (see above) where Visa is accepted. This will allow further adoption of the wallet, until crypto is accepted everywhere and by everyone.

We have put a lot of effort in putting together what we believe is the best wallet for the best payment system. Work has already begun and the first products are coming out now.

There will be other surprises, of course, so stay tuned.

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Coti - Currency Of The Internet

A year ago, we had the privilege of launching two of our most important achievements to date: COTI Token Generation Event and COTI MainNet.

One year later, we are proud to count many meaningful milestones through which COTI has evolved to be a strong company. As part of these milestones, we count merchants using COTI Pay as a technology provider creating a wallet and payment system, like Blockchain Dollars and MyFirstWallet. But also credit card transactions being processed on the COTI network.

All this made possible the constant growth in COTI’s merchants’ processing volume. May was a record month with over $7M in processing volume, representing 40% growth from the previous month! And we expect the volume to reach $120M by the end of this year.

To date, COTI has released 25.7% of its coins which are now in circulating supply, with an average daily trading volume of more than $2M.

As the network has rapidly grown and matured since the COTI coin was first distributed, it was natural to revise and update our token metrics to match such growth and to benefit the ecosystem. Coin distribution now happens only twice a year, we have locked out 400M coins from our supply, and the team has extended its lockup by 10 years!

The growth in demand for COTI’s network and services, coupled with the new Staking 2.0 model limiting the supply of coins, serves as a great benefit for coin holders.

To count COTI’s technological achievements this past year, we are proud to name COTI’s multiDAG, Global Trust System (GTS), Universal Payment Solution (UPS), and Payment Gateway.

We are also proud to count important strategic partnerships with top companies like Cardano Foundation, Chainlink, Recruit, and Xangle.

See more on what COTI plans for the rest of 2020 in terms of technology achievements here.

COTI on exchanges

From the Token Generation Event (TGE) that happened in parallel to the IEO held on KuCoin, on June 4th, 2019, we are proud to count 10 exchanges COTI is listed on to date: Binance, KuCoin, Binance DEX, Bitmax, Bithumb Global, Gate.io, Bidesk, Coinbit, IDEX, CoinDCX, plus Indodax on which COTI will get listed this week.

With that much meaningful listings and more to come, COTI covers a large part of the globe and is widely available.

COTI’s MainNet and Nodes

COTI’s MainNet was launched on June 4th, 2019 with two full nodes controlled by COTI.
To date, we count eight additional full nodes operated by community members. Even more so, as of June 2020, node operators were able to set the fees they wanted to apply to their node.
The two first nodes to run on MainNet were Wolf Node and Rufys Node on January 2020, followed by Crypto Daku and tehMoonwalkeR in February, LLBB in March, Constellation, Veru and Carpathian in April.

The total staked amount in May was 70M COTI, 30M of it were staked through exchanges. This marks a huge growth compared to Staking 1.0 in April 2020 when less than 5M COTI were staked.

We are excited to update that an additional node will be added to the MainNet on July 1st, 2020, opening more staking spots for those waiting patiently. Stay tuned!

COTI’s popularity

At COTI, we work tirelessly to keep COTI high in the eyes of the community. Some events made it even more intense, like the Binance listing since when we have been getting non-stop offers for new partnerships, listing opportunities, and more.

We’ve also had a peak on all social metrics, as well as network volume and number of accounts opened.
In March 2020, we were counted among the most discussed coins on Twitter (3rd position!) and we remain on the list since then.

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Coti - Currency Of The Internet

Quote from: Onika84 on June 05, 2020, 11:42:11 AM

Welcome to Indodax, CoTi. Glad to see CoTi will be traded there. As an Indodax user, I am very happy. Will there be a special giveaway for Indodax users?

Thanks for your kind words

Nope, maybe with Indodax but not through us. You should better check with them.

Kind regards,
Vlad

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Making Smart Money Work

Welcome to Indodax, CoTi. Glad to see CoTi will be traded there. As an Indodax user, I am very happy. Will there be a special giveaway for Indodax users?

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Coti - Currency Of The Internet

With more than 270 million people, Indonesia is one of the most populated countries in the world and has a vibrant and vast crypto market.

As such, it did not go unnoticed by market leaders, like Binance, who recently announced an upcoming BIDR coin (Indonesian Rupee Stable Coin).

At COTI, we are continuously exploring listing opportunities and always aim to make meaningful choices. Thus, an important step, we believe, is to aim at the Indonesian market with its largest crypto-asset exchange: Indodax.

Indodax is the 5th biggest exchange, based on traffic, according to CMC’s new ranking system. Having more than 1.9 million members and 10 million visitors per month, we are confident that Indodax is the ideal next exchange for COTI to be listed on.

COTI’s deposits on Indodax will begin on Wednesday, June 10, 2020, at 07:00 AM UTC and trading will begin on Thursday, June 11, 2020, at 07:00 AM UTC.

COTI will be traded on a COTI/IDR pair, giving COTI access to fiat deposits from the local market.

Furthermore, we have opened an Indonesian Telegram group, operated by Bumi Intermedia, to create a channel between COTI and the Indonesian market community.
To join the Telegram group click here.

Tinggal COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Coti - Currency Of The Internet

On June 1st, 2020, each of the eight node operators at COTI have chosen the fee structure for their node and it has already been set up in the MainNet.

The network is growing alongside the volume of stakers, and it is a great time to let our node operators set their node fee, as previously announced in the Full Node Fee Policy article.

COTI’s node selection algorithm will take into account the selected fees (preferring lower fees), along with other parameters like the volume of staking on the node (preferring higher fees), the trust score (preferring a higher score) and other parameters.

The more transactions the node will process, the better the rewards for the node operator and its stakers will be. Fees are set for a period of 90 days in advance and only then may be changed again by the node operator.

The complete fee table, reflecting the current fee for each node, is now posted in your COTI wallet and will soon be available on COTI’s website.

As our network becomes less centralized and our node economy evolves, fees are now determined by node operators. As such, node operators have a responsibility to decide wisely on fees, both for their own gains but also for the stakers on their node. At COTI, we are confident that they will make a smart decision.

Exciting times!

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Coti - Currency Of The Internet

COTI’s exchange-based staking program continues and after a successful campaign of KuCoin Pool-X Staking, we have decided to bring it back for another round!

KuCoin’s Pool-X has been proven to be successful in enabling users to stake via KuCoins’ wallets while earning COTI coins and extra POL rewards. This has allowed COTI to increase even more the overall staking volume offered to its users, and to meet the staggering demand for the staking 2.0.

About the Pool-X Campaign:

Pool-X round II will be launched at 12:00 pm UTC on June 4th, 2020. The available staking plan is COTI-30 (30 days staking).

Subscription Period: from 12:00 pm UTC on June 4th, 2020 to 3:59 pm UTC on June 10th, 2020.

During the staking period, in addition to the staking benefit of COTI, users can also get a share of the mining rewards of 250,000 POL every day!

Find more details about the product in the following table and on the Pool-X website.

During the subscription period, all KuCoin users may choose their desired product to stake through the ‘Staking’ tab on the Pool-X website. Check out the Subscription Tutorial.

For additional information, please visit https://www.kucoin.com/news/en-stake-coti-and-earn-high-interest-on-pool-x-200602

Stake COTI, stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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First, it was “When Binance?”. After that, it was “When Binance Staking?”.

We heard your pleas and have been busy preparing our next exchange-based staking plan.

As such, we are now excited to announce that staking is now available for COTI on Binance’s platform.

The first program to run is “Binance Locked Savings”

The Binance Locked Savings campaign will start on May 28, 2020 at 12:00 PM UTC, and will run on a first-come-first-served basis until reaching the capacity of 20,000,000 COTI.

What is COTI’s Binance Savings program?

Binance Savings offers two different saving plans: Flexible Savings and Locked Savings.

The Locked Savings plan will lock your funds for a predetermined amount of time and interest rate.

How to use Binance Savings?

1.Log in to your Binance account.
2.Hover on “Finance” at the top bar and go to “Savings”
3.Go to “Products” tab and select the plan you would like to use: “Locked Savings”.
4.Select COTI’s plan you are interested in and click “Subscribe”

For the full guide, check here.
Stay tuned for another staking campaign on Binance very soon!

STAY COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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With much support from both the COTI and the Gate communities, we are humbled to have won the competition and the listing on Gate.io.

We are now happy to announce that as of May 28th, at 4:00 am UTC, COTI will be tradable on Gate.io with the COTI/USDT pair available.

Deposit COTI at https://www.gate.io/myaccount/deposit/COTI
Trade COTI at https://www.gate.io/trade/COTI_USDT

We would like to remind everyone that all voters get a share from the dedicated $50,000 worth of COTI airdrop.

For all the details about the airdrop winners and rewards, please visit Gate.io.

COTI is constantly building and developing. Expect more news upcoming very soon and stay tuned with us!

Stay COTI!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

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Topic: 📌[ANN] COTI - CURRENCY OF THE INTERNET. Digital currency built for payments ✔ - page 5. (Read 26331 times)