Coti
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COTI
$0.09542725+12.45%
≈$0.09536702≈฿0.00000126
Today
Low:$0.08045640
High:$0.08701310
Yesterday
Low:$0.08333473
High:$0.09538421
Market information
Market Cap $170,927,665.60
Global Volume(24H)$15,778,935.75
All-Time Low$0.00606329
All-Time High$0.59956111
Initial Price$0.065
ROI 46.7185%
Circulating Supply 1,792,309,031 COTI
Circulation Percentage 89.6155%
Max Supply 2,000,000,000 COTI
Total Supply 2,000,000,000 COTI
Price history
Information
Website https://coti.io/
Media Media
Explorer Explorer
Source Code https://github.com/coti-io/coti-zerospend-server
Converter
COTI
USD
Project Introduction
COTI is an enterprise-level digital currency payment platform based on DAG.
Project Vision
COTI is designed to support everyday transactions between merchants and consumers. By using distributed ledger technology based on DAG technology, consensus can be reached and transactions verified faster, thus achieving high throughput and low transaction costs. The COTI network has introduced a trust scoring mechanism, which assigns credit scores to each user account in the network based on their historical behavior, creating a secure and transparent business ecosystem.
Market Demand
The rapid growth in payments has increased the need for faster, more scalable and more reliable payment systems. While there are numerous companies in the payment space, neither traditional payment systems nor digital currencies offer a comprehensive solution for the industry. Traditional payment companies such as Visa, MasterCard and PayPal can scale large numbers of transactions and execute them quickly, but transfer costs are high and cross-border payments are inadequate. Traditional cross-border payment involves a large number of links and a large number of participants, resulting in problems such as opacity, high price, long time consuming and low efficiency. The emergence of digital currency, and so did the payment innovation, COINS, Ripple and Stellar digital currency decentralized characteristics, can make a cross-border payment transaction both sides for end-to-end pay directly, does not involve the use of intermediaries, reducing liquidation time costs between different payment institutions (from 3 to 5 days the traditional shortened to 1 day). Transaction costs have also fallen sharply. However, BTC and other digital currencies have problems of slow transaction speed and high handling fee in daily payment, which cannot meet the demands of instant transaction and large-scale application.
Solution
COTI is a DAG-based digital currency payment project that introduces a behavioral Trust scoring algorithm and a decentralized PoS method to resolve disputes between network parties by establishing Trust Chain consensus protocol. COTI provides a powerful ultimate payment network and is the first enterprise-class Fintech platform. COTI helps businesses and institutions build independent payment solutions and digitize money while saving time and cost. COTI's advisory team and backers include Twitter, Coinbase, Greg Kidd, an early investor in Ripple, Steven Heilbron, former CEO of Investec Bank, and Matthew, former CIO of Blackrock Dr. Mcbrady et al.
Implementation Mechanisms
1. The underlying database is developed based on DAG technology: Instead of using blockchain-based databases, COTI's distributed ledger is based on directed Acyclic graphs (DAG). In a DAG based network, each transaction must validate two previous transactions for confirmation. Therefore, transaction confirmation speed will increase as the number of network users increases. 2. Trustchain Protocol: The core of COTI infrastructure is the Trustchain Protocol, a machine-learning-based consensus algorithm that greatly reduces transaction costs and improves processing speed by assigning trust scores to transactions and aggregating them in chains. The COTI network uses this algorithm to calculate credit scores based on data such as participants' historical behavior. The higher the trust score, the faster the transaction confirmation will be, which will motivate each user to have a higher credit score while participating in the trust-building behavior. 3. Trust Scoring Mechanism: As an important feature of COTI network, Trust Scoring Mechanism is used for effective processing transactions and risk reduction. The trust score is calculated by a decentralized trust score node. The trust scoring system analyzes user data, user behavior and online payment data to calculate their trust score. All accounts in the payment network (all participants, including individuals, corporate entities, devices, robots, etc.) have trust scores, which are real numbers in the range [0,100]. All transactions in the network also have trust scores, which are the same as those of the transaction sender. 4. Arbitration System: To protect buyers and sellers from error, fraud and counterparty violations, COTI has developed an arbitration service consisting of trusted network participants to provide dispute resolution solutions. No other blockchain or digital currency currently offers this service. 5. One-click Pay: One-click Pay provides merchants with a "Buy with COTI" button that can be embedded directly into the website. Most blockchain platforms do not offer Paypal like embedding and integration on websites. Infrastructure with tools for buttons that can be used to accept cryptocurrency payments immediately. COTI one-click payment is used not only to generate fee-based transactions, but also to store purchase histories, keep books, exclude sensitive data that appears in the public ledger, monitor anti-money laundering (AML), and more. 6. Privacy protection: Privacy protection is one of the highlights of COTI, meaning that a particular user cannot be traced through a transaction, as each transaction is implemented by a one-way hash function to multiple addresses. Businesses, governments and financial institutions that use cryptocurrencies for transactions have a need to protect their commercial interests through privacy protection. In most blockchain solutions, a fully transparent ledger does not achieve these goals.
Token Usage Scenarios
COTI tokens are practical tokens in the COTI network, mainly used for in-system payments, including all fees and collateral tokens in the COTI system. 1. Arbitrator: Collateral COTI tokens are required for arbitration. 2. Node operators: all types of node operators in the system (there are four types of nodes in COTI network: full node, credit score node, DSP node and historical node) will be rewarded with COTI tokens, and COTI tokens need to be mortgaged to verify node behavior. 3. Fees: All fees incurred when using the COTI payment network will be paid with COTI tokens.
Characteristic
The trust scoring mechanism is an important feature of COTI network for efficient processing transactions and risk reduction. The main uses of credit scores in the COTI network are as follows: 1. Each new transaction selects two previous transactions based on the trust scores for verification. On the COTI network, the algorithm selects based on the credit score of each transaction. That is, a new transaction will likely be validated against the two previous transactions with the closest credit scores; 2. Determine the amount of the merchant's rolling reserve. The size of the rolling reserve and the duration of the freeze depend on the seller's trust score when the payment transaction is created. 3. Determine the cost level. Trust score is linked to user transaction costs: the higher the score, the lower the user transaction costs; The lower the score, the higher the transaction fee. 4. Trust scores are used to determine which network participants can choose to be arbitrators. Trust scores of different types of participants in COTI networks -- trust scores are real numbers between [0,100]. 1. A trust score of 0 means that a participant is prohibited from using the COTI network for serious malicious acts such as providing a false identity or forging documents. 2. The initial trust score algorithm (ITSA) assigns an initial trust score between [10,30] to ordinary users. 3. Trust scores in the range [0,10] are assigned to malicious network participants. 4. The initial trust score for legal entities and all merchants ranges from [10,40] because these participants can provide more data related to their activities. 5. The threshold of arbitrator trust score will be initially defined as 25, but this value will be adjusted according to the actual network statistics. Trust score algorithm: 1. Users first need to register in COTI network and submit the data required by KYC (including identification documents, date of birth, residence certificate, telephone number and other personal data). You cannot join the COTI network until you complete KYC. 2. The initial trust score algorithm (ITSA) assigns initial trust scores to users, and the range of trust scores that can be obtained by submitting KYC data is [10,15]. 3. Users can improve their trust scores by submitting questionnaires and providing more data. 4. After the user joins the COTI network and obtains the initial trust score, the trust score will be updated continuously with the user's behavior data in the network.
Points
COTI aims to build a blockchain-based payment network by using DAG technology to boost the throughput of the blockchain, addressing the slow transaction speed and scalability issues that have plagued other existing cryptocurrencies, and making daily HIGH-FREQUENCY trading between merchants and consumers theoretically possible. The trust scoring mechanism runs through the whole COTI network and becomes one of the highlights of the network. First, each type of participants in the network has their own trust score. The initial score is obtained through the user's submission of KYC information, and then the trust score will be adjusted according to the user's behavior, so as to ensure that the participants in the network have a certain credibility. Secondly, the trust score is related to the transaction confirmation speed, the higher the trust score, the faster the transaction confirmation speed; Trust score is linked to the cost, the higher the score, the lower the transaction cost of the user, and the lower the score, the user will pay relatively high transaction cost; The amount of the rolling reserve and the freeze period are determined by the seller's trust score; Trust scores are used to determine which network participants can choose to be arbitrators. In general, the trust scoring mechanism can ensure that participants in the network have a certain degree of credibility, encourage honest transactions between participants in the system, and punish malicious behaviors so as to make the whole network more credible and transparent. In addition, the arbitration system, one-click payment, privacy protection and DSP consensus are among the highlights of the COTI network, which are ready for everyday HFTS between service merchants and consumers. It can be seen that COTI provides a very comprehensive decentralized payment solution.
Values
COTI is a DAG-based cryptocurrency payment platform that has reached consensus and verified transactions through the introduction of POS, and has achieved high throughput of 100,000 TPS with low transaction fees. Currently seeking compliance to get through the daily transactions between ecological merchants and consumers. COTI, the platform's native token, is mainly used as rewards for node operators and gas fees paid by developers. The current circulation rate is 33%, and it is expected to be fully unlocked in April 2022. Token crowdfunding price of $0.1, exchange IEO price of $0.065. The team includes a number of Israeli scientists, and the advisory team includes early investors in Coinbase and Ripple. In June 2019, IEO of KuCoin was launched, and Binance was launched in February 2020.
Pairs
Rank | Source | Pair | Price | 24h | Volume(24H) | Trading Percent | Updated | ||||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | Binance | 1 | Binance | COTI/USDT | 0.09540000 | 11.74% | $4,828,768.74 | 15.8205% | 2024-11-06 20:12:59 | ||
2 | KuCoin | 2 | KuCoin | COTI/USDT | 0.09450000 | 12.63% | $268,620.43 | 0.8801% | 2024-11-06 20:10:19 | ||
3 | Binance | 3 | Binance | COTI/TRY | 3.2650 | 12.2% | $261,106.75 | 0.8555% | 2024-11-06 20:10:40 | ||
4 | MEXC | 4 | MEXC | COTI/USDT | 0.09534000 | 12.67% | $205,609.25 | 0.6736% | 2024-11-06 20:12:12 | ||
5 | BingX | 5 | BingX | COTI/USDT | 0.09543000 | 13.11% | $112,434.4 | 0.3684% | 2024-11-06 20:12:16 | ||
6 | Bitget | 6 | Bitget | COTI/USDT | 0.09542000 | 13.34% | $107,550.95 | 0.3524% | 2024-11-06 20:13:09 | ||
7 | Gate.io | 7 | Gate.io | COTI/USDT | 0.09502000 | 12.68% | $67,798.38 | 0.2221% | 2024-11-06 20:11:13 | ||
8 | Binance | 8 | Binance | COTI/BTC | 0.00000126 | 2.44% | $57,439.67 | 0.1882% | 2024-11-06 20:12:26 | ||
9 | Kraken | 9 | Kraken | COTI/USD | $0.0955 | 12.62% | $50,023.95 | 0.1639% | 2024-11-06 20:11:34 | ||
10 | Crypto.com | 10 | Crypto.com | COTI/USD | $0.095437 | 10.44% | $19,353.73 | 0.0634% | 2024-11-06 20:13:11 | ||
11 | Kraken | 11 | Kraken | COTI/EUR | 0.08880000 | 12.12% | $11,740.97 | 0.0385% | 2024-11-06 20:05:45 | ||
12 | Crypto.com | 12 | Crypto.com | COTI/USDT | 0.09536800 | 10.67% | $7,201.19 | 0.0236% | 2024-11-06 20:10:29 |
Trading platform transaction information
Trading Percent
All Exchange
Exchange | Volume(24H) | Trading Percent | |||
---|---|---|---|---|---|
Binance | Binance | $5,147,315.16 | 34.9132% | Visit | |
Kraken | Kraken | $61,764.92 | 0.4189% | Visit | |
Gate.io | Gate.io | $67,798.38 | 0.4599% | Visit | |
KuCoin | KuCoin | $273,065.75 | 1.8521% | Visit | |
Crypto.com | Crypto.com | $26,554.92 | 0.1801% | Visit | |
Bitget | Bitget | $107,550.95 | 0.7295% | Visit | |
MEXC | MEXC | $205,609.25 | 1.3946% | Visit | |
BingX | BingX | $112,434.4 | 0.7626% | Visit | |
HTX | HTX | $592,866.13 | 4.0213% | Visit | |
WhiteBIT | WhiteBIT | $680,718.58 | 4.6172% | Visit | |
Indodax | Indodax | $11,623.27 | 0.0788% | Visit |