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What is COTI?

COTI (Currency Of The Internet) is an enterprise-grade fintech platform designed to facilitate efficient global commerce through a decentralized and scalable payments network. It uses a directed acyclic graph (DAG) infrastructure with a Proof of Trust consensus algorithm, enabling high transaction throughput and low fees. COTI aims to support both fiat and crypto payments, with a vision to build a secure, instant, and scalable payment system.

How is COTI used?

COTI (COTI) is a decentralized payment protocol that enables fast, secure, and low-cost transactions. It uses a unique consensus algorithm called Proof of Trust (PoT), which combines a directed acyclic graph (DAG) data structure with Proof of Work (PoW). This allows COTI to process up to 100,000 transactions per second, making it highly scalable and efficient for global commerce.

Key Features and Use Cases
  • Payment Mechanism: COTI allows businesses and governments to issue their own cryptocurrencies, providing a highly scalable global payments system. It leverages a DAG-based data structure, which makes transactions faster and more efficient than traditional blockchain-based systems.
  • Trust Chain Algorithm: This algorithm builds a consensus among buyers and sellers, ensuring trust-driven transactions. Each transaction receives a trust score, which determines the trustworthiness of the sending account.
  • COTI Pay: A flexible payment solution that can handle both crypto and fiat transactions, both online and offline. It offers benefits such as business loans and interest on deposits and is integrated with COTI bank accounts and Visa cards.
  • Stable Coins: COTI provides technology for merchants to create customized stable coins, giving them control over their money and data.
  • Loyalty Networks: COTI offers an end-to-end solution for client loyalty programs, boosting cash flow and providing a branded wallet, simple integration, and frictionless payments.
  • NFT Game: Users can collect NFTs and win prizes worth over 2,000,000 COTI tokens. The game is playable for four weeks out of every season.
  • Debit Cards: COTI offers debit cards directly linked to COTI wallets, allowing customers to make purchases from merchants who have not yet integrated with COTI.
  • Treasury: Users can deposit COTI and earn rewards for participating in the Treasury, an algorithmic and decentralized pool of COTI. The pool increases as fees are paid to the Treasury by the entire ecosystem.
Availability and Integration
  • Mainnets: COTI operates on three mainnets: Trustchain, Ethereum, and BNB Chain. Users can interoperate between these networks using the COTI Bridge.
  • Exchanges: COTI is available on various cryptocurrency exchanges, including Binance, where it can be traded and used in DeFi DApps.

Overall, COTI aims to revolutionize traditional finance by providing a fast, scalable, private, and inclusive payment ecosystem that empowers organizations to build their own financial products and services.

How do I store COTI?

To store COTI tokens, you have several wallet options:

  1. COTI Pay Viper Wallet: This is the native wallet of COTI, allowing you to hold tokens in the COTI network and stake them for returns.
  2. MetaMask: This wallet supports COTI as it is an ERC-20 token. You can add COTI to MetaMask like any other ERC-20 token, and it allows access to the Ethereum and Arbitrum chains.
  3. Trust Wallet: This wallet supports over 4.5 million assets, making it a good choice if you manage multiple crypto assets. It is also suitable for storing COTI tokens.
  4. Ledger: You can store ERC-20 COTI tokens on Ledger, although you cannot see the token in Ledger Live. You need to connect your Ledger to access the tokens.

Before choosing a wallet, consider factors such as security, convenience, features, and fees.

How to buy COTI?

To buy COTI (COTI) tokens, follow these steps:

  1. Choose a Cryptocurrency Exchange: Select a reputable exchange that supports COTI trading. Some popular options include Uphold, Kraken, Coinbase, Kriptomat, and KuCoin. Ensure the exchange is available in your region and compliant with local regulations.

  2. Create an Account: Sign up for an account on the chosen exchange. This typically involves providing personal details, verifying your email address, and setting up a password.

  3. Verify Your Identity: Complete the necessary identity verification steps, which may include uploading a photo ID and proof of address. This process helps prevent fraud and ensures compliance with anti-money laundering regulations.

  1. Add a Payment Method: Connect a payment method to your exchange account. Common options include debit cards, credit cards, bank transfers, and cryptocurrencies like Bitcoin (BTC). The available payment methods may vary depending on the exchange and your location.

  2. Deposit Funds: Add funds to your exchange account using your chosen payment method. The deposit process and fees will differ depending on the exchange and payment method.

  3. Buy COTI: Once your account is funded, navigate to the COTI trading page and enter the amount you want to purchase. Confirm the transaction, and the COTI tokens will be added to your exchange wallet.

  1. Store Your COTI: You can store your COTI tokens in your exchange wallet or transfer them to a non-custodial wallet for added security.

Remember to always follow the specific instructions provided by your chosen exchange, as the exact steps may vary slightly. Additionally, be aware of the risks involved in trading cryptocurrencies and ensure you understand the terms and fees associated with your transactions.

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How COTI works

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COTI's strengths

COTI's risks

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