COTI presents itself as a “fully encompassing finance system on the blockchain,” specifically designed to overcome the traditional financial system’s challenges such as fees, latency, global inclusion, and risk by introducing a new DAG-based fundamental protocol and infrastructure. In simpler terms, COTI is a scalable, fast, private, comprehensive, cost-effective, and real-time payment-optimized platform.
According to COTI’s platform, in today’s digital world, traditional currencies are becoming outdated and cash payments are becoming cheaper than using banks, PayPal, or Alipay. With this in mind, the COTI platform enables organizations to create their own payment solutions.
Additionally, the COTI coin platform claims to be the first enterprise-level fintech platform that allows for the digitalization of any currency, saving time and money.
On the other hand, the COTI platform acknowledges that the scalability issues, complexity, and instability of blockchain technology are deterring people from using it. They suggest a robust payment system that is as seamless and scalable as traditional payments and as cost-effective and secure as blockchain is necessary. COTI coin platform promises its users precisely this.
COTI coin offers its users these 7 elements for a flawless payment infrastructure:
- Scalability: COTI claims to handle over 100,000 TPS, compared to the processing power of 25,000 TPS in traditional payment systems and 20 TPS in common blockchain protocols.
- Simplicity: COTI’s tools for users and merchants are touted as being seamless and very easy to use.
- Buyer-Seller Protections: COTI coin offers various measures to protect its users against errors, fraud, and exploitation by the other party.
- Low Cost: COTI coin eliminates the need for intermediaries and costly mining processes, significantly reducing costs and energy consumption.
- Price Stability: COTI claims to provide the price stability technology necessary for the mass adoption of payments on the blockchain.
- Instant Transactions: With COTI technology, transactions occur instantaneously.
- Security: The distributed ledger technology used by COTI coin is designed to be fault-tolerant.
Looking at the price values of COTI coin, the COTI token is trading at 0.00000613 BTC against Bitcoin at the time of writing. The COTI price is trading at $0.07294 against the dollar at the time of writing. It is also worth noting that the COTI price chart is quite volatile.
According to CoinMarketCap data, COTI coin is ranked 175th by market cap with $41,436,975 USD. It is also noteworthy that the COTI token’s all-time high was on July 2, 2019, at $0.1270.
In addition, there are currently 568,032,883 COTI coins in circulation, while the total supply is 2,000,000,000 COTI.
COTI Coin Commentary
Analysts who believe in the promising future of the COTI project also believe that COTI coin will be profitable. For instance, a popular market analyst “The Wolf Of All Street” had expressed in March that he believed COTI coin would be profitable under any condition.
Furthermore, the COTI coin experienced a significant increase after its Binance ranking and had risen by 40% during that period.
How to Buy COTI Coin?
You can safely purchase COTI Coin from Binance, the cryptocurrency exchange with the highest trading volume and among the fastest in the world.