COTI
Crypto Overview
Project Overview
COTI (Currency Of The Internet) is a layer-1 blockchain protocol designed to power payment solutions and financial applications. The project aims to create a complete fintech ecosystem that enables organizations to build their own payment solutions and digitize any currency.
Intended Utility
The primary purpose of COTI is to serve as the native token for the COTI network, powering transactions and governance within its ecosystem. It's designed to facilitate fast, secure, and low-cost payment processing through its DAG-based (Directed Acyclic Graph) infrastructure called Trustchain.
Current Utility and Implementation
COTI has developed several key products including: COTI Pay - a payment processing solution for merchants and enterprises, COTI Treasury - a decentralized pool of funds that allows users to earn yields on their deposits through non-interest based mechanisms, and MultiDAG 2.0 - allowing enterprises to create their own coins on the COTI network.
The project has established partnerships with Cardano and is being used by ADA Pay for merchant solutions. They've also launched Djed, a Cardano-based stablecoin, demonstrating real-world implementation of their technology.
Token Distribution and Governance
COTI's token distribution includes allocations for ecosystem development, team members, and early investors with appropriate vesting schedules. The team maintains transparency regarding token allocation and usage through regular updates and documentation.
Development Activity
The project shows consistent development activity on GitHub, with regular updates to their core protocol and various products. The team maintains active communication through official channels and provides regular technical updates.
Crypto Impact
To assign a comfort level investing in COTI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to COTI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.