March 14, 2018
Coti strongly believes that in the near future, digital currencies will take the place that is currently taken up by cash, coins, cheques, and other payment cards. COTI’s main aim is to work as the Internet’s best digital currency that can be used by various customers across the universe.
At the moment, several payment platforms have failed to offer effective commerce transactions, leading to increased fees and reduced rates of approval. COTI introduces a payment system that is created to solve the payment challenges witnessed today and give the consumers greater peace of mind.
Powered by XCT as its native currency, COTI seeks to blend the best of the current processes of payments and blockchain technologies to provide not only the most effective but also a means that is trusted, fastest and easiest to pay with.
The COTI’s Crowd & Token Sale
The creation of COTI was mainly based on the idea of coming up with an advanced network of payment that would be widely used by both sellers and buyers. Its main hope is to be the main promoter of the application of the virtual currencies in use cases that involves payments.
Coti’s token sale is ongoing at the moment, just as the private sale is coming to an end. It has been revealed that a total of 80% of the tokens that had been earlier issued will be offered for sale as well as reserves.
Here are the main strengths of the COTI platform
As a payment platform, COTI is much aware of all the weaknesses that this industry has been facing for a long period. It is therefore determined in offering the users what they have been long waiting for. It has a mission of accomplishing a total of eleven objectives, which would, in turn, ensure that their main payment platform is effective than others that are currently used.
The hedging services and mediators will ensure that various businesspeople are convinced to begin using XCT, COTI’s native currency for digital currency payments.
COTI platform has been strongly built on the Trust Scoring Engine, which will give the merchants the peace of mind and confidence they need as they continue with their services.
COTI is made up of a diverse group of persons that have a good background in engineering, particularly software engineering. The current CEO is Shahaf Bar-Geffen, who also co-founded WEB3, a top ranking service provider for digital media adverts.
The Department of Software Engineering and Research is headed by a mathematician known as Erol Hallufgil. Erol has helped several fintech firms to come up with CRM solutions.
The team also has a myriad of advisors.
Coti’s main commitment is to offer a positive user experience to its customers. This would, in turn, give the sellers and buyers an opportunity of transacting on a payment platform that has the most reduced fees and improved security.
Although it might take COTI considerable amount of time to be accepted as the best payment option for cryptocurrencies, it would definitely be the leading method across the globe.