COTI

Halal Rating :
Comfortable
Last Price $0.12 Last updated:
Rank 296
1D Change -1.39 %
Market Cap $206.6m
Circulating supply 1,792,309,031
Maximum supply 2,000,000,000
Crypto Overview Crypto Impact

Crypto Overview

Categories
  • DeFi
  • Ethereum Ecosystem
  • Fantom Ecosystem
  • Cardano Ecosystem
  • Arbitrum Ecosystem
  • Cardano
  • BNB Chain Ecosystem
  • DWF Labs Portfolio
  • Alleged SEC Securities

Overview

COTI (Currency Of The Internet) is a layer-1 blockchain protocol designed to power payment solutions and digital finance applications. The project aims to serve as a high-performance payment infrastructure for organizations, merchants, and stable coin issuers.

Purpose and Utility

COTI's primary purpose is to facilitate fast, secure, and low-cost payment processing. The native COTI token serves multiple functions within the ecosystem: payment of transaction fees, staking for node operators, and governance participation.

Current Usage and Adoption

COTI has established several key partnerships and use cases: powering ADA Pay for Cardano, launching djed.xyz stablecoin platform, and developing enterprise payment solutions. The project maintains active development and regular updates to its infrastructure.

Platform Development

The project demonstrates ongoing technical development with regular updates to its MultiDAG 2.0 protocol, Treasury system, and various payment solutions. The development team maintains active GitHub repositories with consistent commits.

Token Distribution and Governance

COTI's token distribution includes allocations for development, ecosystem growth, and community incentives. The project implements a vesting schedule for team tokens to align long-term interests.

Revenue Model

COTI generates revenue through transaction fees from payment processing and enterprise solutions. The model does not rely on interest-bearing mechanisms or prohibited activities under Islamic law.

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.

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