|Whitepaper||View ICO whitepaper|
|Restricted countries:||USA, Columbia, Israel, Bosnia Herzegovina, Syria, Iran, Ethiopia, Uganda, North Korea, China|
Fin tech company that is building a base protocol to solve the payments challenges of today
Coti is a financial technology venture that created a new protocol called the Trustchain. It is aimed at addressing the current challenges existing cryptos are facing, driving down the speed of their adoption over the world. The protocol features wallets for the consumers, processing tools for merchants and a currency exchange.
Today’s payments industry is currently worth around $2 trillion. Still, there are two great powers that made it monopolised for the last 40 years – these are Visa and Mastercard. Currently, all the transactions have to go through up to 8 middlemen. Each one is collecting a fee each time, each one is also a potential reason of failure.
COTI wants to resolvethese issue thanks to combining whats best in traditional payments processing with the strongest points of fiat. The users of COTI will be able to enjoy extremely low or even zero fees, both the buyer and the seller will have full protection, and the network will provide a trustworthy scoring engine along with a decentralised system of mediation.
|Token Sale Hard Cap||$ 30,000,000|
|Token Sale Soft Cap||TBD|
|Token Type||ERC-20 Ethereum|
|Token Distribution||42% Token sale – Privare, Pre, Public 10% Founders, Team, Early Backers, Advisors 6% Partners’ network 7% Validators’ incentives 11%Token liquidity for market-making 9%Opening balance for the Reserve Credit Fund (RCF) 12.5% Incentive program for Merchants and Users 2.5% Comuunity grants and partnerships|
|Initial Token Price||1 token = 0.1 USD|
|Participation Restrictions||USA, Columbia, Israel, Bosnia Herzegovina, Syria, Iran, Ethiopia, Uganda, North Korea, China|
Dr. Matt McBrady
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