СOTI

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Hello, my dear friends.I will tell you about one interesting project СOTI " (Currency Of the Internet — is a decentralized global payment system with its cryptocurrency for:

merchant payments: payment for sellers ' goods and services via payment cards (including virtual ones) , using popular payment systems such as PayPal, as well as in cryptocurrencies, including Coti's own currency,
p2p payments: direct transfer of funds between participants. It can also be transfers by payment cards, transfers in other cryptocurrencies, transfers in Coti cryptocurrency.
All these types of payments will be available in payment gateways on the websites of sellers (gateways implemented in the form of iFrame — built-in html-form for payment) and in a single Coti wallet, implemented in the form of a web application and mobile application.

The Coti project focuses primarily on meeting the needs of sellers and buyers, on solving their current problems .

The team identifies the following problems in payments:

Traditional payment systems (Visa/Mastercard) have numerous disadvantages – from high fees (service, transactions, conversion) to a low level of transaction approval. In addition, about 2 billion people are not served by banks (unbanked people). Also, the user of payment cards does not control currency exchange rates and his cards do not support the exchange of funds for cryptocurrencies.
On the other hand, cryptocurrencies such as bitcoin are facing network congestion, resulting in scalability issues, high commissions, and increased transaction speed.
SOTI project solves these problems and combines the best in traditional banking systems with the best in the world of digital currencies.

The main advantages of Coti:

Tens of thousands of transactions per second and instant translations are provided by its own distributed registry called Cluster. It is based on the technology of distributed registry DAG (directed acyclic graph-directed acyclic graph) [1] [2] [3]. DAG, as well as blockchain technology of distributed registry (DLT, distributed ledger technology).Zero Commission for buyers and very low (close to zero) Commission for sellers, support for high-frequency micro-payments. The advantage of Dag technology is not only the speed of transactions, but also the ability to work without commissions (by increasing the simplicity of mining). Thus, DAG-technology makes it possible to perform high-frequency micro-payments, for example, the size of less than 1 cent. a good payment ecosystem for sellers and buyers. The advantage of the project is that it is not just a new cryptocurrency, but a whole payment ecosystem, which includes 4 key components:

Based on DAG's own registry key "Cluster" and the consensus of the "Trust Chain", based on the rating (points) the participants ' trust. It provides fast transactions (especially for participants with a high confidence rating) as well as low costs and commissions of the system.
A scoring mechanism (Trust Scoring Engine). Evaluates the interaction between buyers and sellers by assigning a confidence rating to each participant.
The system of mediation-conciliation (Mediation System). Resolves disputes between participants using crowdsourcing network of participants with high confidence ratings and reputation in the network, data science, game theory. Allows you to resolve disputes fairly and efficiently – without increasing transaction costs. In addition, sellers and buyers can optionally use escrow accounts. If the buyer requires a refund of a payment dispute and wins, the funds are debited from the reserve stock of seller or (if such stock is not enough) is available from the Reserve Fund of the Credit system Coti simultaneously with the formation of the debt of the seller to the Fund.
Exchange for currency exchange. The ability to freely convert funds with the support of Fiat and cryptocurrencies. Complemented by automated market maker work to maintain fair and competitive rates.
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How many people in the team and how many of them are developers? Are there any interesting, noteworthy personalities in the team?

Team from tel Aviv (Israel). The team of 20 people. Of these, 7 people will be engaged in the development of solutions Coty. Team members have experience in banking and payments (payment solutions), startup experience, as well as experience in cryptography, asset management. Some of them worked in such brand name companies as Intel, Yahoo, IBM, Bank of Israel, Israel HSBC, PWC, KPMG, Ernst & Young.

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Not much about the token and the ICO project.
Ticker: COTI.
Technology standard token type: initially COTI will be ERC20 token. Then these tokens will be exchanged for tokens of own distributed registry "Cluster", which is based on Dag technology.
The type of token functionality: bitcoin (currency).
Whitelist (link and open/close date): TBA (to be announced later).
Hard Cap / Soft Cap: hard cap$ 30 million (stated in whitepaper, support in telegram chat replied that this data will be known later).
The percentage of tokens that will be sold to investors: 42% (42% on the website, 30% in whitepaper, support in the telegram chat replied that the correct figure is 42%).
Date Private Sale / Pre-Sale: while active Private Sale with a minimum fee of 50 thousand.$ and the price of the token COTI =0,079 USD. In April 2018, Public Pre-Sale will be held with the price of the token 0,083 USD and Public sale with the price of the token from 0,087 USD to 0,1 USD. The minimum contributions for Public Pre-Sale and Public sale are 25 USD.
The price of a token, for Private Sale: 1 COTI = 0.079 USD.
The price of the token on the Public Pre-sale: 1 COTI = 0,083 USD.
ICO token price: ICO (Public Sale) price: 1 COTI = from 0.087 USD to 0.1 USD. Tokens will be sold in four tranches / stages, each tranche lasts a week or until all tokens defined for this tranche are purchased (there is no final approved data yet, we advise you to specify this information in the telegram chat).
Date of ICO: April 2018 (the exact date has not yet been set).
Minimum / Maximum fee: Minimum fee for Public Pre-Sale and Public sale is 25 USD. There are no restrictions on the maximum contribution.
Bonuses at the PRE-ICO/Private Sale/ICO stage: at the Private Sale price of the token with a discount of 26% to the ICO price. For Public Pre-sale discount of 20% to the price of ICO (the information obtained does not coincide with the specified price of the token on privatesale and presales, due to the fact that some of the parameters the ico has not yet been determined, the team ihodl advised to check the current data administrators telegram-chat).
Will tokens (investors / teams / advisors) be frozen and for how long:
50% of investors ' tokens on the pricelist will be blocked for a period of 6 to 24 months. All tokens of the team, advisors and investors on the pricelist will be blocked for a period of 6 to 24 months (the period depends on the discounts they prefer to receive – there is no such information yet). Investors ' tokens on the ico without blocking, but an additional 5% discount will be provided for the blocking period of 6 months, 10% — for 12 months, 20% — for 24 months.

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