What is Coti Coin? Coti Coin is a secure and scalable Blockchain project that works as a payment system supporting fiat and cryptocurrencies. In this article, you can find answers to frequently asked questions such as what is Coti Coin, what it offers, what is COTI, how to get it, what is it used for. As Kriptokoin.com, we have prepared it for our curious readers. Let’s examine the project together.
What is Coti Coin?
Founded by Samuel Falkon in 2016, Coti Coin is a decentralized payment system that supports both fiat and cryptocurrencies. The project focused on features such as security and scalability to compete with other Blockchain projects in this field. The platform, which achieves this goal, has the capacity to perform 100,000 transactions per second. The native cryptocurrency of the platform is COTI, which means “the currency of the Internet”.
Coti Coin is designed to rival global and centralized payment systems such as Visa and Paypal, allowing institutional investors distant to cryptocurrencies to create stablecoins of their own brands. The project, which describes itself as “the first enterprise-class digital fintech platform”, allows corporate users to produce their own payment solutions through the COTI pay product.
The payment platform works quickly and cost-effectively. Users have the advantage of instant transactions by paying small transaction fees. The platform provides this high scalability with a protocol called DAG based on the Proof-of-Trust consensus mechanism. The platform, which can handle online and offline payments, supports payment options such as cryptocurrencies, stablecoins and COTI Visa card.
What is COTI? What is it used for?
COTI is a token that works as the native cryptocurrency of the Coti Coin platform. There are versions of the token created with smart contracts ERC-20, BEP-20 and BEP-2, and users can convert their assets into different versions via a bridge provided by the platform. COTI, whose maximum supply is limited to 2 billion units, is used for various purposes within the network. COTI is a cryptocurrency that can be traded on decentralized exchanges. It is used as a payment method for all transaction fees within the network.
Users can perform all transactions such as betting and purchasing on the platform with COTI. The token also has a staking feature. This means that token holders can earn rewards by locking their assets. At the time of writing, Coti Coin was the 183rd largest cryptocurrency with a market cap of around $264 million. In addition, 1.05 billion COTIs were in circulation, corresponding to 52% of the maximum supply.
How to Take COTI?
COTI is supported by many crypto exchanges with large trading volumes. Users who want to buy the token must first find one of these exchanges. Investors interested in the Coti Coin project; You can subscribe to exchanges such as Binance, Bybit, Crypto.com and KuCoin. Investors who are fully members can purchase the token by depositing funds into their wallets.
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