Home Crypto Education Cryptocurrencies How Coti (COTI) can change Payments and Money Transfers

How Coti (COTI) can change Payments and Money Transfers


The traditional payment system is defined by long waiting periods, expensive fees, and error-prone transactions due to the single point of failure inherent in centralized systems. Blockchain was supposed to help with most of these problems, e.g., by facilitating peer-to-peer, fraud-free transactions. However, the first and second-generation blockchains, i.e., Ethereum and Bitcoin, face challenges like low scalability that prevent them from competing with the fastest traditional models such as Visa. 

However, it’s doubtless that blockchain tech offers the best possible alternative to the traditional payment models. For this reason, a litany of blockchain projects seeking to provide better scalability, security, etc. than Ethereum and Bitcoin’s blockchain has sprung up over the years. 

Coti is one of these. Formed in 2018, Coti wants to fix traditional finance issues such as high fees, low latency, and lack of inclusiveness. 

This article is a deep dive into the Coti ecosystem. 

Coti: Core Elements

COTI supports the following elements to realize a safe and cost-efficient payment structure:

  • Scalability: The COTI network can support up to 100,000 transactions per second (TPS), which is incomparable with the 25,000 TPS managed by traditional payment systems and 20 TPS by most blockchain protocols
  • Simplicity: COTI has designed its user and merchant-facing tools to be friendly and very easy to use
  • Buyer-seller protections: COTI provides a dispute resolution system to act as a safeguard against fraud, errors, and so on
  • Cost-effectiveness: On the COTI platform, there’s no need for intermediaries or power-intensive mining, which drastically cuts costs.
  • Price stability: The COTI team is creating price stability technology, an indispensable factor for blockchain to realize wide adoption
  • Instantaneity: COTI’s architecture makes for fast transactions, payments, and remittances, as opposed to the hours or days common with the traditional system
  • Security

Thanks to its use of a distributed ledger, COTI eliminates the possibility of a single point of failure

COTI: Infrastructure

Below, we’ll be taking a look at some of the core technologies on the Coti platform.

#1. Trustchain

This is a consensus algorithm based on machine learning. Trustchain decreases transaction costs while increasing transaction processing speed. Trustchain utilizes a directed acyclic graph (DAG) data structure to maximize scalability, supporting up to 100,000 TPS. The Coti team wants to revolutionize crypto by having decentralized payment solutions built on Trustchain. The Trustchain will offer the following innovations: 

  • Single-click payment requests

Coti will use the Trustchain to realize one-click payments. Merchants will be able to embed the functionality on the websites for easy checkouts.

  • Buyer-seller protection

The Coti team has developed an arbitration service in readiness for potential disputes. The arbitration service is made of a decentralized collective of trusted network members.

  • Node manager

Through the node manager, anyone can join the network as a node operator and start running various types of nodes.

  • Privacy

Coti has enabled privacy specifications that prevent transactions from being tracked down to their originator. These specifications include implementing a multi-address for transactions through a one-way hash function.

  • Proof of Trust (PoT) consensus

Coti implements a DAG-based decentralized ledger that achieves scalability through the use of Trust Scores. The higher a user’s Trust Score, the faster the confirmation time.

  • Fees

Coti implements a transparent and equitable fee structure where all fees are distributed in a balanced manner amongst network participants.

  • Trust Score Update Algorithm (TSUA)

This tool is designed to collect data on user behavior and transfer the info to Trust Score Nodes. Trust Scores are used by Trustchain Algorithm to verify and confirm transactions quickly.

  • Smart contracts

Coti will introduce smart contracts for a DAG distributed pledger, the first-of-its-kind. Smart contracts are recorded in the MultiDaG Cluster and are verified severally before being confirmed. 

  • Stablecoin framework

COTI’s MultiDAG, coupled with Coti smart contracts and the infrastructure for genesis transactions, creates the possibility for high-performance stablecoins

#2. Loyalty Networks

Coti has developed an end-to-end solution on which businesses can build blockchain-enabled loyalty networks. Such networks allow businesses to retain customers and earn more revenue. 

Marketplaces are currently proliferated with loyalty programs, which lead to customers accumulating loads of loyalty cards, all with different terms and conditions. 

On their part, businesses have to manage their own loyalty programs, a task that’s often demanding in terms of money and time. And even those loyalty programs often never maximize their potential due to low account activity, low redemption rates, account maintenance costs, and time limitations.

Coti’s solution

Coti provides cheaper, time-saving, and more interactive solutions for loyalty programs. These solutions are as follows: 

  • Branded wallet and token

Coti will allow businesses to build a branded wallet complete with customized tokens. Users will be able to hold multiple loyalty tokens from different businesses.

  • Simple integration

Businesses will have the ability to create a loyalty program fast and easily. 

  • Tradability

Users will have the ability to trade their loyalty tokens. 

  • Earn tokens

Uses will be able to earn tokens as a reward for purchases, referrals, and engaging with businesses.

  • Global alliance

Businesses will be able to collaborate with other companies to exchange tokens and share ways to enhance customer loyalty and retention.

#3. Stablecoins

Coti also provides the first-ever blockchain-powered environment for creating stablecoins. Users can issue their own stablecoin that they can have total control over. Stablecoins are a kind of cryptocurrency that is not volatile. They cushion users against the potential losses that could happen overnight with a regular cryptocurrency. Coti enables companies to create their own stablecoins and apply a stability mechanism to any asset of their choice. The stablecoin feature will benefit users in the following ways: 

  • Higher profits

Businesses can dramatically increase revenues by not having to depend on external stablecoins

  • New markets

Businesses can reach entirely new markets by offering stablecoins as a means of payment.

#4. Community and Advanced Nodes 

These are a mainnet full nodes that utilize a delegated staking mechanism to verify and confirm real-world merchants’ transactions. These nodes are technically operated by a node operator who has the requisite skills for the task. To become a community node, you must first stake in 5,000,000 COTI. 

There are also advanced nodes, which are also mainnet nodes in how they function. However, advanced nodes will need to stake between 500,000 – 5, 000,000. 

#5. COTI Pay 

COTI Pay is a digital payment tool that can process online and offline payments, including crypto, stablecoins, businesses’ native coins, and credit cards. On the tool, users can also earn passive income through interest on deposits. 

Coti Pay seeks to solve the following problems with traditional finance payment models: 

  • Long settlement periods, sometimes taking even weeks
  • Costly processes
  • Cross-border transaction constraints
  • Involvement of costly third-parties
  • Error-prone transactions
  • Millions of people excluded from the global finance system

Community Growth Strategies of Coti

The Coti team plans to undertake several growth strategies to expand the growth of the community: 

  • Partner with similar projects such as Cardano, Chainlink, Celsius, and Fantom
  • Launch a Community Ambassador Program
  • Work with platforms like Xangle and Binance Info V-Label for data transparency partnerships
  • Carry out regular community updates via a bi-weekly newsletter, GitHub updates, etc
  • Conduct AMAs on platforms like Reddit, Twitter, and Facebook
  • Create and disseminate visual content such as tutorials, 3D videos, and more
  • Have Telegram groups hosted by community members in a variety of languages, including Korean, Vietnamese, and Brazilian

Future strategies include: 

  • Push the project to the global stage through global ambassador activity
  • Conduct joint AMAs with leading blockchain projects 
  • Conduct and participate in hackathons
  • Launch Coti Pay Business mobile app

COTI’s supply distribution was done this way: 

  • Seed sale tokens: 2.90%
  • Private sale tokens: 10.04%
  • IEO tokens: 2.31%
  • Team tokens: 15.00%
  • Advisors tokens: 10.00%
  • Ecosystem reserve tokens: 59.75%

Key Metrics

On October 20, 2020, COTI traded at $0.029472, placing it at #380 with a market cap of $16,740,885. The token had a 24-hour volume of $2,492, 122, with a circulating supply of 568, 032, 883, and a total and maximum supply of 2 billion. COTI has an all-time high of $0.127076 (July 02, 2019) and an all-time low of $0.006226 (Nov 09, 2019). 

Where to Buy and Store COTI

You’ll find COTI listed as a market pair of USDT, BTC, BNB on exchanges such as Binance, CoinDCX, KuCoin, BitMax, BitHumb Global, Bidesk, Coinbit, Gate.io, and Binance.DEX. 

Coti provides its official wallet known as the COTI Pay VIPER. See here


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