Overview of the present problem
The commerce of the present world is surely in some of its very thrilling and interesting stages, the fiat currencies are in some kind of competition with the digital cryptocurrencies. The Fiat currencies aren’t going anywhere for the long period of time but it sure is with no doubt that the cryptocurrencies will play a significant role in our future lives.
We have old and I think traditional is the better word, so, traditional payment systems like, typical bank transfer, PayPal or Payoneer etc. these are the regular means that allow us to transfer money anywhere. But, the problem is these platforms acquire large exchange fees, which is a big hassle for a person who is an international trading businessman, a lot of % percentage will be deducted from your every transaction and if you add all the cut amount it becomes a lot. The current bank systems aren't even decentralized that makes more problems. Moreover, due to rising technology, the fiat traditional payment platforms give very low approval rates which results in some hurdle full options for those who are border cross traders, they will have to wait a lot and also sometimes have to face issues to get money. So for such reason, the demand for the decentralized platforms of payment platforms is increasing.
What COTI has to offer for such problems?
COTI’s aim is to create the real change by becoming the first cryptocurrency that allows hassle-free international transactions for its customers. COTI’s ICO project is made to help the individuals, business companies, investors, traders etc. to successfully made transactions anytime without any extra tax or fees. By using Blockchain technology, the COTI’s ICO mission is to develop the platform that will be able to solve all the present’s payments challenges. The company is providing the trust to let the seller and the buyer communicate, thus, COTI can remove all the hurdles from the entire payment system once and for all.
What productive Aspects COTI has brought?
Fraud prevention
COTI uses Smart Contracts powered by Ethreeum just to ensure the both parties’ safe, fast and secure transaction made any time. Which significantly reduce fraud and helps both parties to trade very safely.
A physical Debit Card + A virtual wallet
COTI has created a virtual wallet plus a debit card, for every user currently active on the network. For business merchants, COTI will create some productive hedging tools too.
The COTI’s Team
COTI’s team is headquartered in Canada, and the whole team crew are all passionate and optimistic about finishing what they started i.e. The COTI ICO project.
Trust Score Engine
COTI will bring a trust score engine on the platform too which will measure how trustworthy a user will be and if the participant show some trust proofs then the company rewards the individual by tokens and other incentives.
What about COTI tokens?
COTI has created the cryptocurrency called XCT tokens, which is backed by Blockchain secure and strong network, so the customers can be able to withdraw, transfer the XCT tokens in a safe, secure, reliable and trustworthy manner, internationally, for the very first time. This significant practice makes the platform distinctive and actually better to invest in.
How much will XCT tokens be issued? Well, about that the information hasn’t been disclosed by the company. However, what we know is that the 20% will be reserved for the company’s own people, employees, investors etc. all other will be available for sale once the token official sale starts on the COTI online platform.
⭐️Useful Links⭐️
Website: https://www.coti.io
Business overview: bit.ly/coti-business-overview
Technical Whitepaper: bit.ly/coti-technical-whitepaper
Medium: http://bit.ly/coti-medium
YouTube: bit.ly/coti-yt
Facebook: bit.ly/coti-fb
Twitter: bit.ly/coti-tw
Linkedin: bit.ly/coti-li
Instagram: bit.ly/coti-ig
Reddit: bit.ly/coti-rd
Steemit: bit.ly/coti-st
The Bounty Program: bit.ly/coti-bo
Bitcointalk: bit.ly/coti-btct
Author details
Bitcointalk Username :- Cryptopal2
