I was watching a COTI stream yesterday where the head honcho Shahaf was outlining and discussing what we can look forward to over the remainder of this year and the first quarter of next year.
One of the viewers questions was asking for a specific date of the proposed launch for the COTI Pay Business token (enterprise). This will be the first one which is linked to a large gaming company with millions of transactions daily. Shahaf had already expressed a timeline of before the end of this year, but somehow this was still not good enough. The guy needed a set date like December 1st at 2pm to try and hold the team accountable.
The idiotic fool has no clue how business works and needs to be schooled, but for some there is no hope. COTI is a service provider to their clients being the Enterprises so it is not COTI's call to make when the launch date happens. Saying this will happen between September and December 31st is the best call that can be made and is only providing information for the investors. The non disclosure agreements dictate who is boss in this scenario and will never change.
Many crypto projects have changed how they do things ever since the SEC highlighted their list of what projects were considered securities. COTI was on that list and most definitely have not shred as much since that happened due to being aware of being watched. Shahaf explained this before saying a small centralised team will create the infrastructure for which then developers can use and expand on taking it away from being centralised. This takes time and will happen over time, but not immediately.
He mentioned that a while ago he spoke with another crypto head from another project asking how he handles his timelines and the response was they stopped publishing one. In many ways I don't blame them as the crypto community in general has no understanding of what takes place behind the scenes with many things changing constantly due to the nature of the tech involved.
During a bear market everyone wants to seem to know what is going on hoping to pick up some information that will miraculously boost their investment. I think the more you have invested the more you seem to not worry as much as long as there is development taking place and things are moving forward and launches happen in the timelines mentioned. Common sense tells you the team has more invested in their own project than you do and being successful is what they are all striving for.
I do think the WEN questions are more about immaturity in the individuals asking the question who have no idea how the real world actually works. If they had any knowledge of what transpires they would not be asking those types of questions.
When a team shares with you information mainly because they are excited to fill you in on what is happening so you feel as though you are part of the project then you should be grateful. Knowing the team has fulfilled all of it's commitments according to the road map then that should be enough of a guarantee to let them get on with it.
On the other end of the scale we have a project like VeChain who make very few announcements and are generally quiet. There is very little being revealed and you kind of know if they don't get it right they don't have a job or hold any value due to the token being worthless. Those invested already know the timelines involved due to what they are developing and the laws that were announced accordingly. This is a very different scenario to working alongside clients as there is a definite deadline date that they know about already.
On a personal note I am more than happy with the timelines announced knowing these are all stepping stones on the way to building something far bigger. Within the next year COTI should have anywhere from 4-10 enterprise tokens active earning service fees for the COTI investors so people need to have patience.
