IEO
COTI

COTI COTI

The world's first DAG-based blockchain protocol optimized for use by payment dApps, merchants and st...

About

COTI is the world’s first blockchain protocol-based payment platform, which aims to optimize the payment network for merchants, enterprises and stable coin issuers. By combining the strong scalability of DAG (Directed Acyclic Graph ) , control mechanism of stability and alt the necessary services in the real-world payment network, COTI serves as a comprehensive solution to disrupt financial industries that are valued in the trillions of dollars. The platform solves the pain points of traditional payment systems, including high fees, declined transactions, long settlement times, and enables enterprises to create their own payment system, saving time, data and money.

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KEY FEATURES

Scalability: COTI can process over 100,000 TPS, compared to 25,000 TPS in traditional payment systems and up to 20 TPS in common blockchain protocols.

Simplicity: COTI’s user and merchant-facing tools are seamless and extremely easy to use.

Buyer-seller protections: COTI provides the first ever dispute resolution system to safeguard users against errors, fraud and counterparty abuse.

Cost-effectiveness: COTI cuts out intermediaries and eliminates the need for costly mining, which drastically reduces costs and energy consumption.

Price stability: COTI is creating price stability technology, which is necessary for the mass adoption of blockchain for payments.

Instantaneity: COTI’s technology makes transactions, P2P payments and remittances instant, instead of taking hours or days to clear.

Security: COTI’s distributed ledger technology eliminates a single point of failure for enhanced security.

IEO’s Details

GENERAL INFORMATION
IEO Platform:
KuCoin Spotlight
IEO Opening Date:
Jun 4th, 2019 10:00 am (UTC)
IEO Closing Date:
Jun 4th, 2019 11:59 pm (UTC)
Country of Origin:
Gibraltar

TOKEN DETAILS
Symbol:
COTI
Blockchain Type:
DAG based
Role of Token:
Utility

Finance Information
Public Sale Hard Cap:
3 000 000 USD
Total Token Supply:
2 000 000 000 COTI
Tokens for Public Sale:
46 152 000 COTI (2.3076% of total token supply)
Public Sale Token Price:
1 COTI = 0.065 USD
Public Sale Vesting Period:
No lockup
Token Distribution
The COTI will be distributed immediately after the successful deduction of KCS.
Accepted Currencies
Token Sale Format
Lottery
Max Number of Winning Lottery Tickets
2
Allocation Per Winning Ticket
500

Private Sale Token Price
1 COTI = 0.08 USD
Private Sale Allocation
10.01
Private Sale Vesting Period
1.29% unlocked when listing and 1.01% unlocked in the fourth month (based on the total supply). The remainder will be gradually released over the next 33 months.
Seed Sale Token Price
0.06
Seed Sale Allocation
2.87
Seed Sale Allocation
0.05% unlocked in the fourth month (based on the total supply). The remainder will be gradually released over the next 33 months.

Legal Information
Company Name:
COTI Limited
Country of Incorporation:
Gibraltar
Company Address:
56/63 Line Wall Road, Gibraltar, Gibraltar GX11 1AA, GI
KYC:
Required
Restricted Areas:
Afghanistan, Albania, Belarus, Bosnia & Herzegovina, Botswana, Burundi, Canada, Central African Republic, China, Cote dIvoire, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Ghana, Gibraltar, Guinea, Guinea-Bissau, Iran, Iraq, Israel, Japan, Lebanon, Liberia, Libya, Myanmar (Burma), New Zealand, Nicaragua, North Korea, Pakistan, Republic of Macedonia (FYROM), Republic of the Congo, Serbia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Thailand, Trinidad & Tobago, Tunisia, Uganda, Ukraine, United States of America (USA), Venezuela, Yemen, Zimbabwe