COTI - DAG Based infrastructure optimized for PAYMENT NETWORKS and STABLE COINS

[frcat]

Are there 2 typs of tokens now? Ethereum token on Bitmax and Kucoin and BEP token on Binance Dex?  Why are only 70 mln from 2 billions of tokens in total? This mean that only 3% of all tokens in circulating... when will be unlocked all others tokens?

[deebawriter]

Coti Network latest news is covered by btcmanager.com.. do read
https://btcmanager.com/chainlink-integrate-coti-network-trust-score/?q=/chainlink-integrate-coti-network-trust-score/&q=/chainlink-integrate-coti-network-trust-score/

[Makleyhill]

COTI token will be added to the new BithumbGlobal exchange in the near future, trading will begin on September 19, 2019 at 7:00 UTC. Trading Pair COTI / BTC COTI / USDT

[COTInetwork]

We are thrilled to present an in-depth look at COTI Pay, a first of its kind in the world!



https://youtu.be/7v_ruHS483g

COTI Pay, which is part of COTI’s Universal Payment System (UPS), represents a breakthrough in payments for both merchants and consumers as it enables them to send and receive payments any way they want — from crypto and stable coins to credit cards and even a merchant’s native coin. It works in online and offline environments and enables merchants to settle instantly, while enjoying zero FX costs, buyer-seller protections, lows fees, high speed and more. It also provides merchants with credit lines to cover working capital needs — from paying rent and covering payroll expenses to securing marketing campaign costs and more.

Check out our UPS technological milestones in the roadmap below:

[COTInetwork]

Are there 2 typs of tokens now? Ethereum token on Bitmax and Kucoin and BEP token on Binance Dex?  Why are only 70 mln from 2 billions of tokens in total? This mean that only 3% of all tokens in circulating... when will be unlocked all others tokens?

Hello, you're right. We have COTI native coin, COTI ERC-20 and COTI BEP2. You can do a COTI swap via COTI Cross Chain Bridge. You are able to swap from COTI native to COTI ERC-20 and vice versa. Also you can swap from COTI native to BEP2.

Click here to see a video tutorial : https://bit.ly/2IZQH0M

And kindly see the attached token release schedule.



Kind regards,
Vlad
COTI Moderation Team

[COTInetwork]

Interested in becoming a COTI ambassador? Get all the information here
COTI’s community has been a vital part of all our activities, and the COTI Ambassador Program will be central to having our dedicated community members serve as brand advocates within their social circles. We are thankful for your interest in becoming more involved with the COTI project by driving awareness amongst novice and crypto enthusiasts, developers, business leaders, investors and anyone who likes what they see at COTI.
What does it take to become an ambassador?
COTI’s ambassadors come from a variety of backgrounds and professions, ranging from technology and mathematics to finance, business and investments. We champion multidisciplinarians and value diversity across our ambassador program. We’re looking to amplify our reach in numerous communities, so having a hybrid group of supporters will enable COTI’s message to reach more and more interested groups around the world. COTI ambassadors are required to demonstrate satisfactory verbal and business skills to effectively manage communities and events. COTI ambassadors share in COTI’s vision and have a strong interest in actively promoting it across their community.
Why should I become a COTI ambassador?
Becoming a COTI ambassador is a first-class ticket to take part in COTI’s overall vision of encouraging the mass adoption of cryptocurrencies and radically changing the world of payments. You will, of course, have many perks as an ambassador, including first access to company news and events, getting featured on our company blog, receiving remuneration for referrals, gaining recognition for any notable content you create and becoming an indispensable part of COTI.
Ambassador tasks
COTI ambassadors have a six-month grace period to make sure the program is the right fit for them. This is a minimum window of opportunity for ambassadors to anchor themselves within their communities and establish their influence. The COTI ambassador program includes a number of key areas where involvement is necessary and entails a significant financial contribution staked into the position.
*Minimum requirement
Ambassadors are required to stake their position for the value of $25,000 USD in COTI coins locked for a total of three years. A discount of 10% is provided on the value of COTI coins.
* Worldwide network
Ambassadors should actively participate in all of COTI’s social channels and manage local community groups. Ambassadors are also tasked with implementing creative ideas across various social channels, contributing to existing COTI AMAs and hosting AMAs in their local communities. One blog post summarizing the ambassadorship role is also to be written within the grace period. If a COTI social channel is already managed in a specific geography, ambassadors will be required to cooperate with the existing network.
* Business network
COTI is looking for business leaders to present COTI with new adoption opportunities related to real-world merchants (with a minimum monthly sales volume of $50,000), SMEs, eCommerce, travel, crypto exchanges, education and any other industry requiring credit card processing. All ambassadors will earn 10% from the total net revenue generated in processing fees from each merchant referred to COTI. Earnings will be calculated on a monthly basis for a period of 24 months.
* Conventions and meetups
Ambassadors are the eyes and ears of major developments in their local area. They are required to host one small-scale local meetup every 3–6 months. Meetup discussions can revolve around COTI’s new technologies, updates, partnership news, and any noteworthy developments. A larger-scale event is to be hosted every 6–12 months (e.g., a local meetup, webinar, speaking event, corporate event, etc.) Ambassadors are also tasked with visiting blockchain or fintech-related conferences at least once during the grace period and representing COTI at such events.

[COTInetwork]

In COTI, Full Nodes are the main client-facing nodes of the system. Wallets are connected to Full Nodes to process transactions and receive payments. Full Nodes are responsible for PoT Consensus, attaching transactions to the COTI DAG and performing PoW. In the COTI network, Full Nodes can define their own price list and compete for customers.



By following the instructions in this guide, any COTI user can run a COTI Full Node. This is made possible through the user’s own hardware or by renting a cloud-based server. We recommend that users rent a server from a reliable hosting provider. In any case, your server will require a static IP address and domain name to run a Full Node.

The server configuration has the following parameters:

✓ 16GB of memory
✓ 4 vCPU cores
✓ Bandwidth (up to 3.5 Gbps)
✓ Broadband Internet connection
✓ 24/7 availability
✓ Operating system: Ubuntu/Linux/Windows

The estimated costs for running such a VPS on Digital Ocean or Vultr is approximately $40-$80 per month.

Check if Java is already installed in Ubuntu

Java is a very popular general purpose programming language. To this effect, it may already be installed on your server. To check if Java is installed, open a terminal and type in the following command:

java -version

If you have Java installed, you will see this output:

openjdk 10.0.2 2018-07-17
OpenJDK Runtime Environment (build 10.0.2+13-Ubuntu-1ubuntu0.18.04.4)
OpenJDK 64-Bit Server VM (build 10.0.2+13-Ubuntu-1ubuntu0.18.04.4, mixed mode)

From the above output, you can see the system already has Java 10 installed via OpenJDK.

Install JRE in Ubuntu and Linux Mint

If your server doesn’t have Java installed, open a terminal and use the following command to install JRE:

sudo apt install default-jdk

This will install the latest JDK available from Ubuntu.
Next run:
java -version

The output should look like this:

openjdk version "1.8.0_191"
OpenJDK Runtime Environment (build 1.8.0_191-8u191-b12-2ubuntu0.16.04.1-b12)
OpenJDK 64-Bit Server VM (build 25.191-b12, mixed mode)

Install Apache Maven

You can download the latest stable version of Apache Maven from their official website. Otherwise, you can download it directly using the following command:
cd /opt/
wget http://apache.spd.co.il/maven/maven-3/3.6.1/binaries/apache-maven-3.6.1-bin.tar.gz

Once the download has completed, extract the downloaded archive.

sudo tar -xvzf apache-maven-3.3.9-bin.tar.gz

Next, rename the extracted directory.

sudo mv apache-maven-3.3.9 maven

Next, you will need to setup the environment variables, such as M2_HOME, M2, MAVEN_OPTS, and PATH. Do this by creating a mavenenv.sh file inside of the /etc/profile.d/ directory.

sudo nano /etc/profile.d/mavenenv.sh

mavenv.sh should look like this:

export M2_HOME=/opt/maven
export PATH=${M2_HOME}/bin:${PATH}

Save and close the file, update its permissions, then load the environment variables with the following command:

sudo chmod +x /etc/profile.d/mavenenv.sh
sudo source /etc/profile.d/mavenenv.sh

Verify installation

Once everything has been successfully configured, check the version of the Apache Maven.

mvn — version

You should see an output like this:

Apache Maven 3.6.1 (d66c9c0b3152b2e69ee9bac180bb8fcc8e6af555; 2019-04-04T19:00:29Z)
Maven home: /opt/maven
Java version: 1.8.0_191, vendor: Oracle Corporation, runtime: /usr/lib/jvm/java-8-openjdk-amd64/jre
Default locale: en_US, platform encoding: UTF-8
OS name: "linux", version: "4.4.0-145-generic", arch: "amd64", family: "unix"

You have just successfully installed Java and Apache Maven on your machine!

Clone and build the COTI Full Node from Source

Type the following into a terminal window:

cd ~
git clone https://github.com/coti-io/coti-fullnode.git

Now, change the directory to your freshly cloned git repository:

cd ~/coti-fullnode/

and run the following command to build the COTI Full Node:

mvn initialize && mvn clean compile && mvn -Dmaven.test.skip=true package

Install nginx and configure SSL

Update your local package index:
sudo apt update

Install Nginx:
sudo apt install nginx

You may need to adjust your firewall settings at this step. Please refer to the nginx manual to do so; in any case, port 443 should be open.
Check systemd init to make sure the service is running:

systemctl status nginx

Get SSL keys

You will need an SSL key for https to work properly, and the COTI wallet needs a secured (https) connection to function. You can get an SSL certificate for your domain for free at https://letsencrypt.org/.
You’ll need to upload your keys with any SFTP client (e.g., CyberDuck for MacOS), create the server configuration file /etc/nginx/sites-enabled/coti_fullnode.conf (see the file content in the Addendum) and include it to your nginx configuration file /etc/nginx/nginx.conf:

http {
    include           mime.types;
    sendfile          on;
    keepalive_timeout 65;
    # set client body size to 6M #
    client_max_body_size 6M;
    server_tokens off;
    add_header Strict-Transport-Security "max-age=31536000; includeSubdomains; preload";
    add_header X-Frame-Options SAMEORIGIN;
    add_header X-Content-Type-Options nosniff;
    add_header X-XSS-Protection "1; mode=block";
include /etc/nginx/sites-enabled/*;
}

Restart nginx:

sudo /etc/init.d/nginx restart

If everything is correct, your server should be up and running.

Create and edit properties file

[link to download sample .properties file]
Upload the fullnode.properties file to the coti-fullnode/fullnode/ directory.
See Addendum for an example.
Now, you will need to change some values in the .properties file, namely:
global.private.key and fullnode.seed. To do so, open your COTI wallet (https://crypto-wallet.coti.io).

Generating the seed

For the COTI Full Node to participate in the network and collect fees, it should have a wallet. Creating a wallet is a standard procedure for all COTI users, including Full Node owners.
Go to https://crypto-wallet.coti.io/connect and generate your seed (you may need to complete KYC verification first).
Click Generate New Seed and select the type of network you need this key for (e.g., MainNet or TestNet). Provide your private key (think of it as a password) and generate your seed. Don’t forget to write down your private key somewhere! If you lose it, you can lose access to your wallet!



   *At this stage you can only run TestNet Full node

Now, press the ‘Generate Seed’ button and copy the resulting seed value. Keep it in a safe place.
Now, log in with your seed and generate your private key. To do this, press the ‘Account Keys’ button and copy your private key. Insert it into the global.private.key string in the .properties file.

Run the COTI node

Now you can finally run your very own COTI network node. To do so:

cd /coti-fullnode/fullnode
java -jar fullnode/target/fullnode-0.0.1-SNAPSHOT.jar --spring.config.additional-location=fullnode.properties

Check that the Full Node is on

Now, open your server’s IP address in your preferred browser, and you will see your very own Full Node.

Addendum — fullnode.properties file

network=TestNet
server.ip=[your server external IP] (without brackets)
server.port=7070
server.url=https://[your domain for which you have SSL cert] (without brackets)
#example: server.url=mainnet-fullnode1.coti.io
application.name=FullNode
logging.file.name=FullNode1
database.folder.name=rocksDB1
resetDatabase=false
global.private.key=xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
fullnode.seed=xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
minimumFee=0.01
maximumFee=100
fee.percentage=1
zero.fee.user.hashes=9c37d52ae10e6b42d3bb707ca237dd150165daca32bf8ef67f73d1e79ee609a9f88df0d437a5ba5a6cf7c68d63c077fa2c63a21a91fc192dfd9c1fe4b64bb959
kycserver.public.key=c10052a39b023c8d4a3fc406a74df1742599a387c58bcea2a2093bd85103f3bd22816fa45bbfb26c1f88a112f0c0b007755eb1be1fad3b45f153adbac4752638
kycserver.url=https://cca.coti.io
node.manager.ip=52.59.142.53
node.manager.port=7090
node.manager.propagation.port=10001
allow.transaction.monitoring=true
whitelist.ips=127.0.0.1,0:0:0:0:0:0:0:1

Addendum — nginx server config file
/etc/nginx/sites-enabled/coti_fullnode.conf

server {
    listen      80;
    return 301  https://$host$request_uri;
}
server {
    listen      443 ssl;
    listen [::]:443;
    server_name [your server name here];
#example:    server_name mainnet-fullnode1.coti.io;
ssl_certificate     /etc/ssl/private/cert.pem;
    ssl_certificate_key /etc/ssl/private/privkey1.pem;
    ssl_session_timeout 5m;
gzip on;
    gzip_comp_level    5;
    gzip_min_length    256;
    gzip_proxied       any;
    gzip_vary          on;
    gzip_types
        text/css
        application/json
        application/x-javascript
        text/javascript
        application/javascript
        image/png
        image/jpg
        image/jpeg
        image/svg+xml
        image/gif
        image/svg;
location  / {
        proxy_redirect off;
        proxy_set_header Host $host;
        proxy_set_header X-Forwarded-For $proxy_add_x_forwarded_for;
        proxy_set_header Upgrade $http_upgrade;
        proxy_set_header Connection "upgrade";
        proxy_pass http://127.0.0.1:7070;
    }
}

[COTInetwork]

We recently presented the staking model and the option to run a COTI Full Node. We held an AMA shortly after to let our community ask everything they want to know about Full Nodes. Here is the recap of the AMA.


Here is only a description of ubuntu. What about Windows users?
Windows environment is less stable for this purpose, therefore not recommended. In addition, we do not provide a manual for running nodes through Windows. It is currently recommended to use ubuntu or centos 7.

Is the minimum requirement 16GB memory? 8GB is not enough? Vultr has only one option that supports 16GB, which supports 6vCPU cores. The team asked for 4vCPU.
Yes, 16GB is the minimal requirement.
It is recommended. Node app can work with less memory, but the lack of memory can lead the app to crash. We recommend not less than 16GB and strongly not recommend using nodes with less than 8 GB.

What if I enter a fee of 5%?
In this case, most if not all of the merchants will choose not to transact through your full node and you won’t get any fees collected.

How do node users choose the desired node?
Users are choosing the node by selecting it manually through the wallet based on the node trustscore and fees. In payment request the node is selected randomly. The probability of selection depends on fee and Trustscore. — the merchant defines the range he would like to use for his transactions.

If a node sets for example 0.01% fee, that node might get almost all of transactions? Guess a typical criteria users setup is to autochoose the one with lowest fee. So how will it be balanced? Will it be a lowest fee limit? E.g. 0.05%? Some node operators might just battle to get most transactions?
The probability distribution is shaped so the node will have the maximum expected income is at the recommended fee level. If a user set the fee lower than recommended, he will have more transactions but less income in total. Also the probability is low for low fees, so if a user would set very low fee, such node will almost never be recommended. Zero-fee node can be chosen only manually.

If the Advanced Node receives 25% of fixed income per year, it is 2% of fixed income per month. If a coti user can choose a node, how would he choose a cheaper node? How can an Advanced Node get a fixed monthly income of 2%?
The probability of a node to be selected depends on the stake. If Advanced Node has its stake 2.5 times more than standard Node, the probability is 2.5 times more and return rate is the same. If the return rate is less than 25%, COTI compensates the difference.

Is staking also required for running a node on TestNet?
No. TestNet is used as a sandbox environment on which you can install the node and experiment with the environment.

Guess a merchant with high TrustScore is running its own huge node(s) and sets the transaction fee to zero to attract customers. Operational costs for nodes are not crucial for big merchants and may be calculated into the retail price. Merchants are focused on doing business.
Other participants of COTI-network may also select these cheap nodes for their transactions. So other nodes with even low fees will not get any transaction to be processed.

Will this lead to network centralisation or bottlenecks?
It is not a problem for several reasons. At first, a Full Node has to do PoW. It limits the throughput. Second, if a merchant wants zero-fee full node, it is not reasonable for that merchant to serve all users for free and overload the Full Node. We suppose that such node will filter requests, give it’s fee and process transactions for this merchant only.



I read: “ In the current development stage, Full Nodes are the only available nodes that can be run by network users. DSP Nodes and Trust Score Nodes will also be operated by users as the network matures. “ Why do your team have a this decision why not at the same time?
DSP nodes are validators, they are voting for transactions. In all similar consensus systems, becoming a validator is long and expensive way (Ripple, Libra, EOS, etc) because of subtle consensus mechanics and great responsibility of validators. It is not like PoW systems like Bitcoin. COTI is going this way step-by-step with all needed carefulness.

“In August 2019, the COTI network processed transactions equating to 225M COTI (an equivalent of about $5M USD).” Can you tell me your team’s goal the COTI network processed transactions for 2020?
We plan to do at least $25M a month by the end of 2020.
Try to estimate a share that you can take out of it. assume an average transaction of 100$ and go from there. Obviously the averages can change.
By the way, do you know who will be the first to run a node? Winston from Wolf Crypto!

Your team note: “ COTI ambassadors may run up to three Advanced Full Nodes “ so how can an individual become a coti ambassador?”
You are invited to read the ambassador program details here and sign up if this is relevant to you: https://forms.gle/4m3CwsaF6CQeubfh7

What are the incentives that customers receive when running full notes?
Full Node fee from processed transactions

Will COTI provide demo coins to staking node on testnet?
You won’t need demo coins to run in the test environment.

What is the Node Calculation based on? How Full Nodes collect fees? How large merchants get involved if server throughput is limited?
All COTI transactions include a dedicated payment for the full node fee. In order to create a transaction, the transaction originator (user wallet or merchant app, if the transaction is a payment for goods or services) has to request from full node how much it wants to be paid. If there is no fee payment (or it is not correct), the Full Node will not process the transaction.
Very large merchants can use several full nodes.

Is there no guide for Windows? So should I use ubuntu? Most use Windows. You should first guide ubuntu instructions.
I​t​ is not recommended to use windows so yes you should use ubuntu or centos​ ​7.

What currency will compensate the difference? (COTI coin or dollar..?)
COTI Coin

I would like to understand at what time will we be able to run nodes? I understand first on testnet and only trusted members (team, etc)but when will I be able to do it? will it still be on testnet it will it be already on mainnet?
If all goes well in the tests then probably November.

Why don’t you offer staking for the mess?
That’s November, Ron. things like dpos will be next year

What is this advanced node? Not sure I understood
A node that gives you at least 25% annual return. technically, it’s like a basic node.

Will COTI incentivize history nodes as well? What role will history nodes play in COTI?
The History Nodes keep the earlier parts of the Cluster after the Clusterstamp process is complete.
Full account history can be retrieved from the History Nodes. So with history nodes the full nodes only need to store the current cluster in their storage and not the full history of the network and by that overcome the storage challenge which exists in most blockchain solutions. The fees collected by history nodes are received from the network fees and in the future it will be possible to also run a history node instance by users.

Can locked coins from community presale be used for staking as these COTI are already (b)locked and can not be traded?
No, it is not possible to use locked coins to stake.

“Dsp nodes and trust score nodes will be operated by users as the network matures” . What does the COTI team mean by this?
DSP nodes are validators, they are voting for transactions. In all similar consensus systems, becoming a validator is long and expensive way (Ripple, Libra, EOS, etc) because of subtle consensus mechanics and great responsibility of validators. It is not like PoW systems like Bitcoin. COTI is going this way step-by-step with all needed carefulness.

For any question you have, feel free to contact us on our telegram group : https://t.me/COTInetwork

[COTInetwork]

Join us on Discord for all the latest and greatest from the tech world! If you have any tech questions, our R&D team will be there to help.
Join now: https://discord.me/coti

[COTInetwork]

Following our TestNet Full Node phase run by selected members, COTI is happy to open the option for the public at large to run Full Nodes in COTI TestNet. For those interested, be sure to read "How to run a Full Node: COTI’s technical guide" at this link https://bit.ly/2BeU67i
Once you've completed the steps and are ready to start, please contact our developers' team on our Discord channel to finalize your participation: https://discord.gg/B2qakZ
 
COTI's R&D team will be available on our Discord channel to answer all your tech-related questions. Join our Discord channel today!
For all detailed information on running Full Nodes and the staking model, visit here https://bit.ly/2mqG6Dl

[COTInetwork]

ZUG, 23 OCTOBER 2019. The Cardano Foundation and COTI, an enterprise-grade fintech platform, are to develop an ada payment gateway. The offering — due to launch in November — will allow merchants to accept ada payments with a near instant settlement into 35 fiat currencies directly into their bank accounts.

COTI is developing and implementing the service, making the ada payment gateway solution simple to deploy for merchants. The payment solution will be easily integrated directly into merchant’s website either with an adaPay button or a QR-based point of sale (PoS) system. The offering will simplify accepting and settling ada payments, and enable merchants to manage all transactions in real-time.

Shahaf Bar-Geffen, CEO of COTI, says:
“We are pleased to team up with the Cardano Foundation in building a unique payment solution for merchants seeking adaPay checkout functionality. We have a lot to the mutual trust and support between the Cardano ecosystem partners and COTI. This joint effort is one of the first steps we are taking in delivering a truly universal payment solution and expanding the COTI tech stack beyond our own ecosystem. The ways people exchange value is changing for the better, and the future is looking more promising for payments.”

The Cardano Foundation will leverage COTI’s Universal Payment Solution (UPS) to power the ada payment gateway offering and further extend the utility use case for the token — both inside and outside of the Cardano ecosystem. The COTI UPS will provide a comprehensive ada payment solution that will combine all existing support systems of traditional payment processors with the added value of digital assets.
As COTI UPS is extended to provide other financial services, such as lending products and prepaid debit cards, these will also be made available to ada merchants.
Watch the preview of the ada payment gateway:

https://youtu.be/KsNEe3AenkA


A preview of the ada payment gateway is available in English, German, Korean, Japanese, and Chinese

About COTI: COTI is an enterprise-grade fintech platform that enables cross-chain interoperability and is built on its own DAG-based chain. It supports extreme scalability and low transaction costs and is supplemented with payment-specific requirements in the form of COTI Pay, a holistic digital payment solution. COTI Pay empowers enterprises and merchants to receive any kind of payment method and build their own payment networks and Coin as a Service (CaaS), settle instantly, earn interest and grow their businesses through working capital loans. Find out more: https://coti.io/

About the Cardano Foundation: The Cardano Foundation is an independent body based in Zug, Switzerland, with core responsibilities to help oversee and supervise the development of Cardano, the world’s first third-generation blockchain, and its ecosystem. The Foundation is committed to protecting and promoting Cardano, the first blockchain platform developed for smart contracts using a scientific philosophy, and to advocate on behalf of the users and community of the protocol. The Foundation works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures. The three entities are wholly separate in governance, ownership, and leadership. Find out more: www.CardanoFoundation.org

COTI Resources
Website: https://coti.io
Telegram: https://t.me/COTInetwork
Github: https://github.com/coti-io
Discord: https://discord.me/coti
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

[COTInetwork]

https://youtu.be/RjpvNPHHfEA

Today we are ticking off another milestone on our roadmap by releasing the first iteration of the COTI Payment Gateway. This initial release allows merchants to accept Bitcoin easily and directly via their websites and forms the first piece of our all-encompassing payment solution, the COTI Universal Payment Solution.
Future releases of the COTI Payment Gateway will include support for Credit Cards, ETH, USDT, USDC and other popular cryptocurrencies (more to be announced on these VERY soon).












The COTI Payment Gateway solution includes a “Pay with Crypto” button that is integrated via an easy to install the widget into the merchant’s website checkout page. Merchants are able to track and manage their crypto payments via access to their COTI Pay Business Merchant CRM.

Merchants will receive payment in the sending currency via default (in this case Bitcoin), however via the Merchant CRM they can choose to convert the transaction to a stable coin or directly to one of 35 fiat currencies by adding in their bank account details.









In the initial versions of the COTI Payment Gateway, all payments made via specific cryptocurrencies happen on each coin's actual chain, however, transactions are also mirrored on COTI’s Trustchain for future use on the COTI Universal Payment Solution and Global Trust System.
In future versions of the COTI Payment Gateway, settlement will be instantaneous and not rely on any individual coins chain, as COTI-X, COTI’s internal settlement layer, will process the transaction on the Trustchain and instantly process both the transaction for the consumer, while setting the payment to the merchants account in the coin or fiat of their choice.
This will allow a consumer to pay in Bitcoin without waiting for the confirmation times of the Bitcoin network and the merchant to instantly receive Bitcoin in their merchant account.
To see our Crypto Payment Gateway in action, we’ve created a demo COTI store where you can purchase a personalised COTI image for $0.50c. Become an exclusive member of the COTI Club while seeing exactly how our Crypto Payment Gateway will work by trying it out yourself. How you see it on our demo store is exactly how it will work for our merchants, the first of which is set to go live in the very near future.
Interested merchants to benefit from our solution are invited to fill in their details here.
Stay tuned as other exciting announcements will be following by the end of the month as we work towards adding support for Cardano (Pay with ADA) to our Payment Gateway!

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                    
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group

[PrivacyBob]

i made some research about Recruit , and looks very interesting. looks like they have a big company and own some big companies around the world.
i wonder if they are testing some use cases for Coti, or are they only investing money?

[frcat]

When is the mainnet launch? Some DAG based projects were launched already. It will be hard to make a competitions for them.
What does their "Payment Gateway" means? Is this the same as Utrust project has?

[COTInetwork]

When is the mainnet launch? Some DAG based projects were launched already. It will be hard to make a competitions for them.
What does their "Payment Gateway" means? Is this the same as Utrust project has?

Our mainnet was launched on 4th of June 
Future releases of the COTI Payment Gateway will include support for Credit Cards, ETH, USDT, USDC and other popular cryptocurrencies (more to be announced on these VERY soon).
The COTI Payment Gateway solution includes a “Pay with Crypto” button that is integrated via an easy to install the widget into the merchant’s website checkout page. Merchants are able to track and manage their crypto payments via access to their COTI Pay Business Merchant CRM.
Merchants will receive payment in the sending currency via default (in this case Bitcoin), however via the Merchant CRM they can choose to convert the transaction to a stable coin or directly to one of 35 fiat currencies by adding in their bank account details.

Kind regards,
Vladysalv Ovadenko
COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                    
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group

[COTInetwork]

i made some research about Recruit , and looks very interesting. looks like they have a big company and own some big companies around the world.
i wonder if they are testing some use cases for Coti, or are they only investing money?

Most of our advisors are investors. For example, Ernst and Young are advisors and provide valuable support to the project in many ways.
Of course of partners not only investing money. We have Global Trust System, an extension of the Trustchain Trustnodes onto any other blockchain. The GTS analyses transaction and behavioral data and updates trustscores in real time and soon to be deployed on Chainlink (https://medium.com/cotinetwork/coti-is-deploying-its-global-trust-system-gts-on-chainlink-e440a30eab27)
Also Cardano Foundation and COTI to offer an ada payment processing solution for merchants. You can read more here : https://medium.com/cotinetwork/cardano-foundation-and-coti-to-offer-an-ada-payment-processing-solution-for-merchants-84adf28f9f90

Kind regards,
Vladysalv Ovadenko
COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                 
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group

[COTInetwork]

MainNet Decentralized Nodes Launch Next Week, Introducing Delegated Staking Model and Community Nodes, Incentivizing TestNet Node Operators



COTI community,

MainNet nodes will be delivered next week. We have also been attentive to the requests of our community to allow smaller token holders to enjoy the incentives that come with node operation. We will be introducing staking as a service in the form of delegated stakes. We have also decided to incentivize TestNet node operators for their contribution to our research and development. Read more in the following message:

Highlights:

MainNet nodes

• Two MainNet nodes are currently operated by COTI
• The first MainNet node to be run decentrally will launch next week

• Second MainNet node to run the week after
  
• Scale up plan, which includes qualification process and profit prediction per node will be introduced after their launch and with data gathered in their operation.

TestNet nodes

• Introduction of an incentive plan for test nodes operators
  
• TestNet node operator can stake 100K COTI and will gain 10% per annum
• In order to qualify as a MainNet node operator, one must qualify as a TestNet node operator

Delegated staking for the COTI community

• Staking as a service: COTI introduces the community node, a node that is operated by a community leader and staked by community members (delegated staking)
• Community node staking plan:

         - Overall 500K COTI staked, with a minimum guarantee of 30% gain per annum
         - Community leader becomes the technical node operator and stakes 100K COTI from the overall stake for at least 30% guaranteed gain per annum
         - For the first year, COTI will also pay the community leader a fixed monthly fee of 100$, paid with COTI, to recoup his costs
         - Community members may opt in to stake the remainder 400K COTI, for a period of at least 30 days, with a guaranteed return of at least 30% per annum.
         - Community members may stake a minimal amount of 5K COTI and a maximal amount of 10K COTI a month

• First community node is predicted to launch by the end of December

MainNet Nodes
MainNet nodes are the basic nodes of the COTI network. In the current development stage, Full Nodes are the only available nodes that can be run by network users. DSP Nodes and Trust Score Nodes will also be operated by users as the network matures. Watch the transaction confirmation process in COTI’s protocol here

The third MainNet node is planned to launch next week with version 1.02 of the Full Node. This will be the first MainNet node to run decentrally by a network user.
An upgraded version that includes MultiDAG and History nodes is planned to launch in January and will upgrade the node.

All node operators can earn profits from running nodes. Potential earnings can be estimated using our earnings Calculator.

Community Nodes
The fourth MainNet node will launch by the end of December and is planned to be a community node. A community node is a normal Full node that has a delegated staking mechanism to include more community members in the operation. Running a node in a payment system is an important task as it involves the confirmation of transactions to real world merchants. We have kept the staking COTI amount quite high to maintain the integrity of the network. We also understand that managing a node requires technical skills that not all participants have. We have been attentive to all of that and have decided to introduce the community node plan. Community nodes will be technically managed by a node operator with sufficient technical skills from the community, who has been qualified as a TestNet node operator and has been KYC’ed.

COTI will hand pick the first leader, but future leaders will be picked by the community, for the community’s sole discretion. Such member will technically run a node for the benefit of the COTI network and as a delegate of the community. Community nodes will run with a 500K COTI staked and with a guaranteed return of at least 30% per annum (the higher of fees generated by the node or 30% per year). The community leader managing the node will also receive a fixed fee of 100$ worth of COTI per month, from the COTI reserve, for the first year of operation for his valued contribution to our community. Lastly, the community leader will also enjoy the ability to stake 100K COTI with a guaranteed return of at least 30% per annum.

The remainder 400K of COTI to be staked on the community node will split between community members wishing to participate for the same 30% gains. Such members may stake 5K-10K COTI. The first community node stakers will be selected on a first come first serve basis. Expect a dedicated post about it next week. It’s important to note that the community node staking plan is experimental and different staking and returns may apply for the next nodes managed by the community. That said, the mentioned return is secured for participants in the first node until at least January 1st, 2021.

TestNet Nodes
In order to test full node operations, COTI requires a good testing ground for its nodes on its TestNet. The benefit for COTI in such testing is immense and in order to compensate TestNet node operators for their time and effort, COTI will allow such node operators to stake 100K COTI for a 10% per annum return. Also, as a requirement to run a MainNet node (basic, community or advanced) one must qualify as a test node operators. A qualification plan and staking guidelines for TestNet node operators will be published by the year’s end. We have already received hundreds of requests to run a TestNet node and we’d like to take this chance to thank you for your interest. We’ll be in touch with each and every one of you.

If you’d like to learn more about how to run a Full node on COTI’s TestNet network, please refer to the guide below:
https://medium.com/wolf-crypto/how-to-setup-a-coti-testnet-node-on-vultr-a3710d24f892


Timeline
Third MainNet node and the first decentralized node — December 23rd — December 25th, 2019
Open application to community node members — December 23rd, 2019
Fourth MainNet node and the first community node — December 26th — December 31st, 2019
TestNet nodes incentive plan launch — January 1st, 2020

Closing words
As promised, we continue to build and ship. The Binance community voting event has created a lot of attention to COTI, motivating us to push even harder.
We now ship decentralized Nodes on our MainNet and delegated staking. The rewards are awesome and you can take part in the payment processing system of the future.

Stay COTI!
We invite you to register to become a COTI Full Node operator. For any comments and suggestions about our staking plans, please send an email to staking@coti.io

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                    
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group

[frcat]

When is the mainnet launch? Some DAG based projects were launched already. It will be hard to make a competitions for them.
What does their "Payment Gateway" means? Is this the same as Utrust project has?

Our mainnet was launched on 4th of June 
Future releases of the COTI Payment Gateway will include support for Credit Cards, ETH, USDT, USDC and other popular cryptocurrencies (more to be announced on these VERY soon).
The COTI Payment Gateway solution includes a “Pay with Crypto” button that is integrated via an easy to install the widget into the merchant’s website checkout page. Merchants are able to track and manage their crypto payments via access to their COTI Pay Business Merchant CRM.
Merchants will receive payment in the sending currency via default (in this case Bitcoin), however via the Merchant CRM they can choose to convert the transaction to a stable coin or directly to one of 35 fiat currencies by adding in their bank account details.

So have you done swap from tokens to native coins already? Are this native coins on Kucoin?
Do you mean that you have own crypto cards? Do you have Visa or Mastercard agreement for this?

[COTInetwork]

When is the mainnet launch? Some DAG based projects were launched already. It will be hard to make a competitions for them.
What does their "Payment Gateway" means? Is this the same as Utrust project has?

Our mainnet was launched on 4th of June  
Future releases of the COTI Payment Gateway will include support for Credit Cards, ETH, USDT, USDC and other popular cryptocurrencies (more to be announced on these VERY soon).
The COTI Payment Gateway solution includes a “Pay with Crypto” button that is integrated via an easy to install the widget into the merchant’s website checkout page. Merchants are able to track and manage their crypto payments via access to their COTI Pay Business Merchant CRM.
Merchants will receive payment in the sending currency via default (in this case Bitcoin), however via the Merchant CRM they can choose to convert the transaction to a stable coin or directly to one of 35 fiat currencies by adding in their bank account details.

So have you done swap from tokens to native coins already? Are this native coins on Kucoin?
Do you mean that you have own crypto cards? Do you have Visa or Mastercard agreement for this?

COTI has three protocols for the token: Mainnet COTI coin that trades on Kucoin, ERC20 and BEP2.
We're supporting other layer-1 chains to enhance interoperability and bring all the benefits of the COTI tech to users of these platforms.
As per roadmap prepaid card is planned for May 2020.

Kind regards,
Vlad Ovadenko
COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                    
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group

[COTInetwork]

This article was published by Michael Chen, Fantom CMO, on December 23rd, 2019. To see the original article, click here.




Fantom is elated to share that we’ll be strengthening our collaboration with COTI. We previously already shared that we’re working with the team at COTI to share research and technical knowledge, and we’ve also hosted them for AMA’s in our Telegram group, but today we want to make that partnership more tangible for both communities.
We’ve had the pleasure of striking a deal between Fantom, Xar network, and COTI, to collaborate on creating a payment solution for Fantom-based networks, and to make collateral stable debt tokens (CSDT) usable in daily life.

What are Fantom, Xar, and COTI actually going to do to make CSDT usable?

COTI will work on integrating Fantom-based mainnets such as Xar Network into their existing payment rails on the back-end, allowing us to build FantomPay and XarPay on top of a reliable infrastructure that supports merchant onboarding, fiat off-ramps, and consumer applications.
By utilizing COTI’s infrastructure, merchants will be able to accept CSDT or fiat-backed stablecoins issued on top of Xar, while still receiving fiat currency into their bank accounts at with a wide global coverage and 35 currencies.
All transactions data will be also put to COTI’s Trustchain, opening up further usage and financial services, and adding more utility to COTI’s native coin.
To showcase the reliability and speed of COTI’s payment infrastructure, COTI will also be integrating ERC20 FTM into the payment rail initially for community members, merchants, and parties interested in the solution to get hands on with the solution in the first quarter of 2020.
In other news, our partners at COTI recently also launched AdaPay in collaboration with the Cardano Foundation, allowing merchants to accept ADA in their stores as well. COTI has followed this release with Bitcoin based payment rails, as part of COTI’s strategy to be a universal payment solution, working both on fiat and cryptocurrency payment processing in an interoperable and seamless manner.
Fantom website: https://www.fantom.foundation

COTI Resources
Website: https://coti.io
Telegram group: https://t.me/COTInetwork
Github: https://github.com/coti-io
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf

                                                                    
Talk with us on Telegram     Official Facebook       Official Twitter              Official Reddit        Official Youtube Channel        COTI Group
Fantom Telegram Discussion Group (English): https://t.me/fantom_english