COTI
Crypto Overview
Overview
COTI (Currency Of The Internet) is a layer-1 blockchain protocol designed specifically for payment processing and stablecoin issuance. The project aims to bridge traditional finance with cryptocurrency through its DAG-based infrastructure.
Intended Utility
COTI's primary purpose is to serve as a payment network that enables merchants and payment service providers to process transactions efficiently and cost-effectively. The COTI token serves as the native currency of the network, used for fees, staking, and governance.
Actual Utility Assessment
The network has demonstrated real-world adoption through several key developments: 1) The launch of COTI Pay, a payment processing solution, 2) Partnerships with Cardano for ADA Pay implementation, 3) Development of the MultiDAG 2.0 protocol, and 4) The creation of Djed, a crypto-backed stablecoin on Cardano.
Business Model Evaluation
The project generates revenue through transaction fees and services provided to merchants and enterprises. The business model appears transparent and focused on legitimate payment processing without involvement in prohibited activities.
Token Distribution Analysis
Initial token distribution allocated 45% to private sale, 10% to public sale, 20% to team and advisors, and 25% to ecosystem development. Team tokens have vesting periods extending over multiple years, indicating commitment to long-term development.
Development Activity
The project maintains active development with regular GitHub commits and protocol updates. The team consistently delivers on roadmap milestones, with recent focus on MultiDAG 2.0 and enterprise solutions.
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.