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

[COTInetwork]

Blockchain Dollars is a wallet and payment system, using FIAT and stable coins, that allows gaming merchants to accept stable coins as a form of payment based on a white-label version of COTI’s payment infrastructure.

The online gaming market is a massive global industry, with an annual turnover of over $50B USD. Online casinos are considered high-risk merchants by all of the credit card networks, despite being fully regulated and compliant. Even the bigger names in the industry, publicly listed companies, like 888 and Betway, fall under this high-risk category.

This leads to numerous issues with accepting credit cards, restricting the merchants’ ability to maximize their revenue, while incurring high fees and limiting access both to and for consumers.

We have designed a slick custodian wallet with intuitive UI so that users that have no experience with cryptocurrencies will be able to use it with ease.

We are then integrating our own FIAT on-ramp, which has recently been upgraded to optimize payment processing for maximum number of users.
The merchant gains access to an off-ramp with 35 fiat currencies, so both the consumer and the merchant can sell stable coins to FIAT. We also have our merchant tools, including our merchant CRM, and have created an API that allows any gaming merchant to integrate their existing technology with Blockchain Dollars easily.
Transactions will be mirrored to the Trustchain allowing the merchant instant settlement and increased transparency.

Watch Blockchain Dollars Demo Video

https://youtu.be/i7d5qwqvt9g

Our long term goal is for Blockchain Dollars to become both synonymous with, and the payment method of choice, for the online gaming industry.

Interactive links:

Wallet and working flow:
https://projects.invisionapp.com/share/YEUKHW0PKC5#/screens/423266006_7-Login

Merchant quick check-out demo:
https://projects.invisionapp.com/share/YEUKHW0PKC5#/screens/423266034_22-Merchant_Payroll

Stay COTI!

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

                                                                    
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[COTInetwork]

Before the official release of COTI Pay v1.0 “VIPER”, we thought it would be the right time to give you a glance at the newly designed wallet. This new COTI wallet is not only redesigned but will also include more features, to be released as the year progresses, such as iOS/Android native apps, Multi-Asset support (including BTC and Stable Coins), full Staking 2.0 console, Interoperability Bridge integration, Optimized Fiat On-Ramp, 1-click payments, easy Send/Receive, DeFi, and Virtual Debit Card.

Let us give you a sneak peek at the fresh brand new design of COTI Pay:

https://youtu.be/6JVytMSS8v4

VIPER will launch as a new design to our MainNet wallet, revamping it completely with a new sleek responsive design. We are saying goodbye to the generic MainNet wallet and welcoming COTI Pay, you don’t have to do anything, VIPER will update automatically!

VIPER will bring in a dashboard for Staking 2.0. All the information you will ever need about staking will be available within your wallet, as a standard.



VIPER will also include our Interoperability Bridge between COTI MainNet to COTI ERC20 to COTI BEP2, all built into the wallet. We are keeping our Bridge website in place, but now you will no longer need to go on it if you have a COTI Pay wallet.



This interactive document will give you a tour inside the new COTI Pay wallet.

https://projects.invisionapp.com/share/X4Y3AQJ5YSB#/screens

We are adding all of these new intelligent features to help us give you what you need at any time with a simple tap on your iOS or Android device.
VIPER is coming soon!

Stay COTI!

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

                                                                    
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[COTInetwork]

Hummingbot — Liquidity Mining is a community-based, data-driven approach to market-making, in which a token issuer or exchange can reward a pool of miners to provide liquidity for a specified token.

The bot is open-source and allows anyone to automate their trading and run market-making strategies. By simply specifying parameters without having to think through the technical implementation, users can now have access to the market-making world. Users can also track their earnings every minute of every day and the system is non-custodial, which means no one has access to your tokens.

By allowing community members to run Hummingbot, COTI is adding a new source of liquidity to the coin, and granting COTI coin holders the opportunity to be rewarded for it.

Thus, Hummingbot users who choose to participate in Liquidity Mining can earn token rewards for providing liquidity to certain trading pairs.

About the COTI liquidity mining campaign on Hummingbot:

• The campaign will kick off on July 21st, 2020 at 12:00 pm UTC.
• A reward pool of 9,000 USDC (750 USDC per week over 12 weeks) will be shared among all the campaign participants.
• The eligible token pairs are: COTI/BTC, COTI/USDT, and COTI/BNB.
• Eligible orders: maker orders placed with spreads of 2% or lower
• Available exchange for the campaign: binance.com
• Payment token: USDC

Liquidity Mining Rewards:

A total of 750 USDC per week, equally distributed across different token pairs (total: 3,000 USDC for every 4 weeks):

• COTI/BTC: 250 USDC/week
• COTI/USDT: 250 USDC/week
• COTI/BNB: 250 USDC/week

All the information about the campaign can be found on the Humminbot announcement and on their website.

For technical support, please contact the Hummingbot team directly on their Discord channel: discord.hummingbot.io

Stay COTI!

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

                                                                    
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[COTInetwork]

We are excited to announce that as of now, COTI can be purchased directly with FIAT, facilitated by our partnership with Simplex.

By allowing users to purchase COTI directly with a credit card, debit card, or a bank transfer we add a huge liquidity source to our network and coin, as the process of purchasing COTI becomes far more easier and accessible.

To add to that, Simplex is not only integrated with major exchanges where COTI is listed, like Binance and KuCoin, but also with 200 other exchanges and platforms where COTI is not already listed, like Huobi, Trezor, Changelly.com, Changenow.io, OKEX and many more. This presents an opportunity for COTI to be exposed to new audiences and makes purchasing COTI even easier than before. Users can now use their preferred payment method, transfer FIAT, and type in a COTI wallet address. Within seconds, COTI will be transferred from a liquidity provider, buying COTI from the market, directly to the user’s wallet.



Having a direct Fiat On-Ramp to COTI is key for COTI’s whitelabel solution for enterprises who serve mass audiences, as their consumers are not comfortable with cryptocurrency wallets, but do own credit cards. With this integration, enterprises looking to issue tokens on COTI’s MultiDAG now have the added security of knowing will inherently be supported by an underlying fiat on ramp.

Enterprises who issue coins on COTI’s MultiDAG will now be able to offer their customers the ability to purchase their token, using a credit card, in over 35 currencies with global coverage, powered by COTI-X, planned to launch later this quarter. COTI-X will allow instant conversion between COTI to issued tokens, essentially allowing enterprises a fiat on-ramp for their token and further extending the utility of the COTI coin.

COTI now joins a selected club of the top 10 cryptocurrencies and 5 other exclusive currencies, including our partner CEL. Nimrod Lehavi, CEO for Simplex:

“Today COTI joins the ranks of tokens that can be bought directly with FIAT, like BTC, ETH, and XRP, to name a few. Simplex is the world’s biggest Fiat On-Ramp solution, designed to help people easily and securely buy crypto, wherever they may be. Simplex supports major credit card issuers, including Visa and Mastercard, to ensure seamless purchases. I’m happy to announce that COTI is now available through Simplex’s network and partners. Simplex helps millions of global users onboard to crypto, enabling the secure purchase of millions of dollars daily.”


Nimrod Lehavi, Simplex CEO

Users who buy COTI can determine how they want their card purchase to be denominated. They can choose from North America (USD, CAD), Europe (EUR, CHF, CZK, DKK, GBP, HUF, NOK, NZD, PLN, SEK, TRY, MDL), Asia (ILS, JPY, KRW, RUB, AZN, CNY, GEL, KZT, PHP, QAR, UZS, VND), Oceania (AUD), Africa (ZAR, NAD) and Latin America (ARS, CLP, COP, CRC, DOP, PEN, UYU). They can still purchase even if their card is issued in another currency, but might incur an international use charge from their bank.




Shahaf Bar-Geffen, CEO for COTI:

“Today marks a major milestone for COTI. Having a Fiat On-Ramp for a payment system is key for our core abilities and to our enterprise offering. Users can buy COTI directly from their preferred payment method, adding liquidity to our network from the millions of users that make their first steps to the crypto world and making COTI a coin of choice for many of them. We are currently in discussions with numerous platforms that wish to add COTI to their “buy crypto” page and we’re proud to say that our long time partner, KuCoin exchange, is already offering their customers to buy COTI with FIAT. Other partners to be announced soon”.


Shahaf Bar-Geffen, COTI CEO

Stay COTI!


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

                                                                 
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[COTInetwork]

August will mark the 6th Community node added to the MainNet and the 12th in total.

We are pleased to present to you the Lars Node.

The new Community node will be operated by a TestNet operator who has been with COTI for a long time and has rightfully earned his new “MainNet Operator” title.
Lars is one of COTI’s first members who went through almost all of COTI’s phases and never failed to give us his feedback. We always felt his devotion to the project and it has been time for him to join the ranks of MainNet node operators.

The Lars Node will go live on August 1st and stakers will be able to apply for staking under his node.

Here is what Lars had to say:

“I am so proud to be chosen as the next node operator! I have been following COTI since the beginning of 2018 and I am impressed by COTI’s achievements.

First of all, I would like to say thank you to the amazing team. They are really doing a great job! A dedicated Dev-Team, an energetic support team, a charismatic management, and most of all a strong community — that are the basics for COTI’s success story.

I’m really looking forward to supporting the network by running a node and to help increase the scalability and security of the COTI DAG.
#COTIHOOD

Moon or Lambo… not my style. I really can’t wait to spend some COTI for buying products — Stay $COTI & don’t forget to SEND IT!”



By adding this 6th Community node into the MainNet, COTI is now increasing the staking volume to 50M COTI!
The demand for participation in Staking 2.0 continues to be very high and we receive application requests at a very high pace. Adding new nodes enables more staking spots. We will continue adding nodes gradually.
So…

Stake COTI, stay COTI!


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

                                                                    
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[COTInetwork]

COTI continues to extend its reach to be available for direct purchase via credit card, all over the world.

Following last week’s announcement, in which COTI is now one of the few cryptocurrencies to be approved for a direct purchase with a credit card, and being listed on KuCoin for a direct Fiat purchase, we are now excited to announce that the second exchange to allow COTI to be purchased with Fiat is one of the top leaders of the instant crypto exchanges — ChangeNow.io

ChangeNOW is a non-custodial crypto-to-crypto and fiat-to-crypto exchange service.

ChangeNOW has more than 170 coins available for crypto-to-crypto exchange and does not hold any limits; you can exchange as much as you want — account-free, worry-free, faster than light.

In addition, it offers a fiat-to-crypto on-ramp option, for a few coins, now with COTI included.

As of Tuesday, August 4th, 2020 at 06:00 pm UTC, COTI will be available for purchase on ChangeNOW with a credit card. COTI will also be available for exchange with other cryptocurrencies.

We will be giving away a total reward of $450 worth of COTI to celebrate this new FIAT Listing on ChangeNOW.

As soon as the listing will go live on Monday, August 3rd, 2020 at 06:00 pm UTC, a Raffle competition will kick-off.

About the Raffle:
1.Find the tweet posted by ChangeNOW on their Twitter channel
2.Retweet & tag 3 friends
3.Exchange $COTI on changenow.io
4.Reply to the main tweet with your exchange ID

10 random users will share a prize of $250 worth of COTI.

Stay COTI!


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

                                                                    
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[COTInetwork]

July’s staking rewards have been successfully distributed on August 1st to all of the stakers who claimed it.

All stakers continued to receive a reward higher than the guaranteed annual return, ranging between 21% and 38% depending on the staking plan and the node’s performance.

Last month, COTI counted a monthly processing volume of $8.5M compared to $8M in June. Thanks to the significant spike in COTI’s average coin price this month, the increase in the COTI-based volume was more modest, which affected on the amount of fees collected; to demonstrate, the following is an example: when COTI price is $0.03, a full transaction of $1,000 is translated to 33,333 COTI, but if the COTI price is $0.04, the same transaction requires only 25,000 COTI. Assuming 0.01% fee, the first transaction charges 3.3 COTI as transaction fee, while the second charges only 2.5 COTI.

August will mark the launch of the first merchant to use Blockchain Dollars and the growth in volume will keep extending. COTI continues to maintain a healthy and rewarding environment for node operators and stakers, continuously making sure that we align the growth in staking volume with the growth of processing volume.

Earlier this month we launched the ability to purchase COTI directly via credit cards in KuCoin and ChangeNow.io, an option that will expand to more partners and exchanges soon, and we expect it to increase the liquidity in COTI, engaging new audiences that join our ever-expanding community.

We keep building to allow more people to stake COTI. Following our announcement about the new Community node, Lars Node, that went live on August 1st, we added 5M COTI into the staking volume, with a total of 50M COTI that can be staked directly on our Staking 2.0 platform and 70M COTI on Binance and KuCoin.

The demand to join the Staking 2.0 program continues to be very high and we do our best to include as many participants as possible through time. We thank you all for your patience.

For the full introduction to COTI’s Staking 2.0, click here.

To apply to Staking 2.0, click here.


Stake COTI, Stay COTI!


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

                                                                    
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[nira09]

I just read an article about Paywize "a subsidiary of COTI offering credit card processing for merchants".
this is pretty good, Paywize is already processing over $ 5 million per month and there are already over 500 new merchant applicants to join Paywize. of course this will support the adoption of the use of the COTI token.

https://medium.com/cotinetwork/coti-introduces-paywize-credit-card-processing-edc73969e7a4

[COTInetwork]

I just read an article about Paywize "a subsidiary of COTI offering credit card processing for merchants".
this is pretty good, Paywize is already processing over $ 5 million per month and there are already over 500 new merchant applicants to join Paywize. of course this will support the adoption of the use of the COTI token.

https://medium.com/cotinetwork/coti-introduces-paywize-credit-card-processing-edc73969e7a4

thanks for your support!

Kind regards,
Vlad
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

                                                                    
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[COTInetwork]

MoonPay is a fintech startup that onboards newcomers straight into crypto, with only a few intuitive steps and familiar procedures for any e-commerce user. It is available for 162 countries, including the United States, Europe, Japan, India, Vietnam & South Korea. Moonpay is Used by top platforms like Binance, Changelly, and Bitcoin.com

By extending our Fiat On-Ramp, COTI is now able to service it’s global users better, giving a better banking and cards coverage.

As mentioned in a previous article, the fiat on-ramp optimization (ORO) is one of the priorities for COTI as it ensures that prospective buyers will have the ultimate experience when having their card processed.
MoonPay will be implemented as one of the providers in COTI’s upcoming Blockchain Dollars and future solutions.

Stay COTI!

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

                                                                    
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[COTInetwork]

Highlights:​
COTI-X is built to provide liquidity to the COTI network.
COTI-X will have 3 liquidity pools:

• Internal licensed exchange
• Fiat On-Ramp
• External pools

The products that are entailed are:

• Fiat On-Ramp for COTI — a website and an integration to COTI Pay
• COTI-X Swap Widget — a Fiat On-Ramp for partner tokens hosted on partners’ websites
• COTI-X Swap pools — an incentivized external liquidity pools on various platforms

Introduction:

As we approach the launch of COTI-X, it is an ideal time to reflect the use case for COTI-X, the utility of the COTI coin within COTI-X, how COTI-X works within the overall COTI ecosystem and the improvements and additions we have made to COTI-X as part of the developmental process.

COTI-X was initially conceived as an instantaneous internal liquidity solution. One of the keys to a great payment network is instant settlement…and as we all know by now, no-one will use BTC to purchase a cup of coffee if they have to wait for a BTC transaction confirmation, making it, and any other cryptocurrency with slow settlement times redundant as a “real world” method of payment.

Of course, if COTI were to be used in place of BTC as a method of payment, it WOULD be instantaneous, as one of the key capabilities of the Trustchain is the ability for instant on-chain settlement. However, the crypto space consists of thousands of cryptocurrencies, most of whom DO NOT support instant settlements, and by creating COTI-X, COTI now has the ability to integrate and process instant settlements on ANY cryptocurrency processed via the COTI network. This is a HUGE competitive advantage for COTI over other crypto payment solutions, who support SLOW and thus relatively unusable native chain payments.

As an example, when a consumer pays for a product on the COTI network using BTC, we can instantly create the same value on COTI’s Trustchain, complete the transaction instantly, and settle with the merchant using COTI-X’s BTC liquidity pool. This allows both the consumer and the merchant to use BTC as a method of payment, without any of the overhead of the BTC network, mainly speed and cost of transaction.

We are already processing several million USD of these types of transactions every month.

COTI and COTI-X have the ability to provide, transact, and hold both fiat and other cryptocurrencies as part of the COTI-X liquidity pool, as COTI-X operates under an exchange license, the same type of license that major centralized exchanges like Binance or Bitfinex use to run their exchanges.

COTI is also in the process of acquiring an EMI (Electronic Money Institute) License — which allows us to issue e-money or quasi-currency that can be withdrawn and converted into any other currencies and service third-party payments. EMI license holders are practically a bank, but only without the right to issue fiat loans. This is the sort of license that PayPal, for example, holds.

The above processes have also been described in detail as part of our Universal Payment System.

To summarize the above, COTI-X is the instant settlement layer of all forms of value on the COTI network, between users, consumers, and merchants, powered by the various COTI-X liquidity pools.

How Liquidity Pools Function On COTI-X


COTI-X requires reliable liquidity pools. Liquidity on COTI-X is supplied from several sources:

• Internal liquidity (provided centrally by COTI)
• Fiat On-Ramps (COTI’s direct access to credit card processing)
• External liquidity (DeFi based liquidity pools)

External liquidity may also come from several sources:

• Liquidity pools created by COTI on platforms like Uniswap, Balancer, etc.
• Liquidity posted by other communities and projects, wanting their token to have access to Fiat, as we’ll explain below
• Merchants and consumers through COTI Pay having access to incentivized liquidity pools (opening the option for users to give merchants working capital loans, for example)
• Ecosystem liquidity coming from other platforms

By utilizing both internal and external liquidity pools, we greatly increase the amount of locked-in value on the COTI network, in the form of COTI coins, stored Fiat, and other cryptocurrency coins or tokens.

The COTI network value or TLV (Total Locked Value) therefore, in this context, is represented in several forms:

• The COTI coin itself
• Various tokens issued on the COTI network
• Other cryptocurrencies (BTC, ETH)
• Stable coins
• 35 Fiat currencies we support

Introducing COTI-X Swap

We have been closely following the shift in market dynamics, from more centralized liquidity to more decentralized liquidity pools and as such, we have expanded the original idea of COTI-X to allow more tokens to have access to our liquidity and to meet the market demands of 2020.

We are happy to introduce the COTI-X SWAP category of products to allow easy access to Fiat and liquidity to tokens who will partner with us. We will be introducing the first two products:

• COTI-X SWAP Widget — a widget that partners install on their websites which grant them access to Fiat liquidity (a Fiat On-Ramp) for their token
• COTI-X SWAP Pools — an external liquidity pool, supplied by the community, and incentivized both by COTI and our partners

COTI-X SWAP Pools

To complete our swap offering, we have chosen to allow both our community and our partners’ community to be able to post liquidity and enjoy lucrative incentives.
As such, we’ll be introducing external liquidity pools, on platforms like Uniswap v2 and Balancer, of both COTI and our partners' tokens, as pairs. When a user would swipe his credit card to purchase our partner’s token, through the COTI-X SWAP widget, liquidity may come from the external pool. This will lock a lot of value on COTI’s network and enhance the service we can offer to our partners and community.

COTI-X SWAP Widget


As you may remember, COTI has been approved by major banks to be directly purchased with a credit card. We have the best banks behind this and global coverage, so this adds liquidity and access to new users worldwide. This approval is also backed by our license to manage exchange and by our upcoming license to become Electronic Money Institute (EMI), as explained above.

We feel very fortunate to have been approved for direct purchase and we realize that a lot of other tokens out there are looking for a way to onboard users with credit cards. Currently, their only option is to work with centralized exchanges, making the entire process cumbersome, inefficient, and completely out of the control of projects who issued these tokens.

To solve this, we are introducing the COTI-X SWAP widget that partners can embed in their website, allowing users to buy their token with a credit card, using the COTI coin as an intermediary coin.

This will allow our partner to have access to untapped audiences while having a process that the partner can host on his website or wallet. This has a great benefit for the COTI ecosystem, of course, as the COTI that is initially purchased, is purchased from the market at market price.
Our partners will be paid with COTI and these coins will have a mandatory staking period, limiting our supply even more.

COTI has a huge advantage over competitors as we are in a unique position where we have all the right keys to offer this service:

• An instantaneous network
• Bank approval to be purchased directly
• The licenses required to handle the entire process
• The tech required to manifest the whole process

We already have design partner tokens in place and we’ll announce names closer to launch.




The following is the user experience when using COTI-X to buy COTI and then, the user experience when using COTI-X to buy a partner token.

Buy COTI Step 1:


Buy COTI Step 2:



Buy COTI Step 3:



Buy Coin Step 1:



Buy Coin Step 2:



Buy Coin Step 3:



Purchase COTI:



Summary:


COTI-X is COTI’s liquidity pool and as such needs to be reliable. Liquidity on COTI-X comes from several sources:

• Internal liquidity (provided centrally by COTI)
• Fiat On-Ramps (COTI’s direct access to credit card processing)
• External liquidity pools

External liquidity may also come from several sources:

• Liquidity pools created by COTI on platforms like Uniswap, Balancer, etc.
• Liquidity posted by other communities and projects, wanting their token to have access to Fiat, as we have explained above
• Merchants and consumers through COTI Pay having access to incentivized liquidity pools (opening the option for users to give merchants working capital loans, for example)
• Ecosystem liquidity coming from other platforms

Using the above liquidity, our licenses, and to meet market demands for 2020, we’re launching a few products over COTI-X:

• Fiat On-Ramp for COTI — a website and an integration to COTI Pay
• COTI-X Swap Widget — a Fiat On-Ramp for partner tokens hosted on partners’ websites
• COTI-X Swap pools — an incentivized external liquidity pools on various platforms

We plan on launching COTI-X around October this year and have made great progress both in terms of technology, partnerships, and licenses.

COTI-X will launch on its own domain, cotix.io, but will also exist as a widget that will be installed both on COTI’s website and on COTI Pay, COTI’s official wallet.

We predict a lot of value will be locked on COTI’s network due to COTI-X and the innovation it brings to the space.

Stay COTI!

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

[gembira]

When your credit cards to go live? And in which regions they will be available?

[COTInetwork]

As the end of Q3 is approaching we are proud to announce the first release of COTI-X: COTI’s liquidity pool and fiat on-ramp!

COTI-X is the instant settlement layer of all forms of value on the COTI network for users, consumers, and merchants alike and is powered by the various COTI-X liquidity pools. As such COTI-X forms a critical part of the overall COTI ecosystem and allows us to bootstrap and supply liquidity to both the COTI network and external networks in a manner that was not previously possible. This means we can enable payments via the COTI network for more tokens and partner with more projects in a much faster manner.

More payment options means greater exposure of the COTI network to a much larger user base and gives merchants using the COTI network substantially more options when it comes to accepting various forms of payments, something we see as one of the key aspects of gaining widespread adoption of our COTI Pay product.

COTI-X enables COTI to process instant settlements on ANY cryptocurrency processed via the COTI network. This is a tremendous competitive advantage for COTI and our merchants over other crypto payment solutions that support slow and thus relatively unusable native chain payments.

In our previous article regarding COTI-X, we demonstrated the various use cases of COTI-X, the utility of the COTI coin within COTI-X, how COTI-X works within the overall COTI ecosystem, and the improvements and additions we have made to COTI-X as part of its developmental process.

We have expanded the original vision of COTI-X to allow more tokens to access both our own internal liquidity pools as well as external liquidity pools, such as Uniswap, to meet the market demands of 2020 and encourage increased and incentivized participation in this aspect of the COTI network.

Later this year we will introduce the COTI-X SWAP product line to allow easy access to fiat and liquidity to more projects and tokens who are looking to partner with us and utilize our unique instantaneous settlement solution.



Read more about how COTI-X enables easy fiat on-ramp access to both the COTI network and partnered tokens and networks here -
https://medium.com/cotinetwork/coti-x-cotis-liquidity-pool-61e7955c82cc

[COTInetwork]

Last July, we announced Blockchain Dollars, COTI’s product that was tailored for the gaming industry and allows operators to accept stable coins as a form of payment based on a white-label version of COTI’s payment infrastructure.
Our long term goal is for Blockchain Dollars to become both synonymous with, and the payment method of choice, for the online gaming industry.


The first operator to use Blockchain Dollars is a giant of the gaming industry: Market Junction N.V. with some of their most successful Bingo brands: BingoCafe, BingoLiner, BingoCabin, and JetBingo.


With the rise of the gaming industry, Bingo games found their place in the online gaming back in 2003, which is the year Market Junction N.V. launched its Bingo brands, being one of the pioneers of this emerging market.

As such, these brands are a tremendous success and count hundreds of thousands of unique visitors per month, putting them at the top 20 globally.

Users of these four brands will enjoy an instant and straightforward onboarding experience, while the casino operator will benefit from instant settlement, high approval rate, and zero fraud environment.

Bingo brands are the first of Market Junction’s gaming brands that will use Blockchain Dollars, but certainly not the last. Please stay tuned for further updates!

STAY COTI!

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

[BitMaver]

Meet BetterNode — The New COTI Community Node

BetterNode, the 9th Community node added to the MainNet, and the 16th node in total.
BetterNode will go live on November 6th 2020, to support COTI’s growing processing volume, opening up more positions for community stakers.

Read more: https://medium.com/cotinetwork/meet-betternode-the-new-coti-community-node-910506872f89.

[COTInetwork]

We are thrilled to announce that Dafabet, one of the world’s most prominent global gaming groups, has contracted COTI as a preferred technology provider for digital currency processing.

As part of this contract, we have built an entire wallet and payment system, specifically for Dafabet’s gaming platforms, using both our Trustchain and Payment Gateway technology stack. Together, we will offer Dafabet’s target audience an enhanced and easier cryptocurrency payment experience with less friction.

Dafabet is our biggest client to date, with over $1 Billion in annual revenue!

Dafabet properties, such as Dafa888, DafaPoker, DafaBetSports, and more, account for over 1.5 million unique visitors per month.

By offering Ultra eWallet to their massive existing user base, Dafabet will be able to enjoy instant payment settlement while also being able to offer their products to a wider market segment, due to the Ultra wallet not having any regional limitations. This will improve both revenue and cash flow for Dafabet as a result.

According to eGaming Review Magazine, Dafabet is a top tier gaming group, ranking in the top half of the world’s e-gaming operators. It operates an array of gaming platforms and it’s the home to some of the best gaming products on the web that includes Sports Betting, Online Casino, Live Casino Games, Flash Games, one of the world’s largest online poker networks, and many other world-class online betting games.


Dafabet’s presence is synonymous with the sporting world and they currently sponsor several English Premier League teams, including Everton, Aston Villa and Burnley, several first division teams, such as Blackburn Rovers and Sunderland, along with the perennial champions of the Scottish Premier League, in Celtic.

Dafabet also sponsors several English County cricket clubs, including Sussex CCC and Durham Cricket along with a host of other sporting teams around the world, like Cádiz CF and Norwich City FC.


The solution COTI has developed with Dafabet is a derivative of COTI’s technology, similar to Blockchain Dollars, but tailored to Dafabet’s scale and needs. We have branded the new solution as Ultra eWallet and it is an already live and functional product.

The Ultra eWallet includes a Fiat On-Ramp, stablecoins, a designated wallet, a CRM, and a full back-office management software. The entire payment process operates on the Trustchain rails, allowing for instant settlement and transparency. As more and more users from Dafabet’s immense 1.5M audience start using the Ultra eWallet as their preferred payment method, we expect the volume on the Trustchain to greatly increase, benefiting the holders of COTI, stakers, and node operators all over the world.

Here is a quick glance at Dafabet’s cashier with COTI’s Ultra eWallet in it:
WEB VERSION

MOBILE VERSION


And a glance at what deposit will look like with Ultra eWallet on Dafabet’s:




Shahaf Bar-Geffen, COTI’s CEO:
“Today marks a great date for COTI. Being recognized by a titan like Dafabet and having COTI’s technology installed in such a popular platform is a huge achievement. Dafabet is processing massive volumes and we look forward to taking part in it. COTI’s technology will serve Dafabet’s audience well and this agreement will greatly benefit COTI’s holders and stakers too”

Stay COTI!


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]

We are pleased to announce the launch of COTI’s Global Trust System (GTS) for the Bitcoin network. The GTS is available via a web interface, an API, and soon also via Chainlink’s oracle and smart contract framework. The first release of GTS, for the Bitcoin network, enables users and other blockchain services to analyse BTC wallet addresses and identify malicious parties before transacting with them, introducing a layer of trust to the Bitcoin network that has previously not existed.

Trust Scores and Trust Nodes form an essential part of the COTI Trustchain. The Trustchain is designed to create a trustworthy operating environment for both consumers and merchants alike, one of the key components considered essential for the widespread adoption of cryptocurrencies. By creating the GTS and expanding our Trust score technology to other networks, any blockchain service, infrastructure, or chain will now be able to leverage efficient behavioral tracking to maintain trust scores and risk indicators for all network addresses and the consumers and merchants who access them.

The GTS engine is customized for each service, infrastructure, or chain, as each faces varying levels of risk, technicality complexity, and process flow. Past the Bitcoin network, we will also be expanding this service out to the Ethereum and Cardano networks in the future.

Trust Scores on COTI are calculating a number of factors, including, but not limited to -

 - Number of successful transactions
 - Number of transactions attempted or made that do not adhere to the network’s rules (with no obvious fraudulent intentions)
 - Number of possible attempts to double-spend/defraud. Actions like this must be critically dealt with to prevent a participant from perpetually building up a high trust score only to attempt defrauding other participants. There should either be a permanent and significant reduction in the participant’s Trust Score, or an extremely slow increase in the Trust Score.
 - Frequency of network use. We cannot expect ordinary users to use the network with the same frequency as merchants, so the user type is taken into account.
 - User type — the wide range of possible users impacts the trust score awarded to each user type and classification.
 - Network centrality

We’ve previously written about the GTS in great detail as it forms a critical part of our Universal Payment Solution (UPS) infrastructure.

How to use GTS via the Web?

Visit https://coti.io/trust
Insert BTC wallet address to analyze and click on “Check”:



That’s it! You can now review the user’s risk factor and activity score:

1.High-risk address



2.Low-risk address




3.Moderate risk address




As always, Stay COTI!


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

[lonerangerh]

Don't miss out! The application for COTI’s Staking 3.0 program will open tomorrow
Secure your seat as the onboarding is on a first-come-first-served basis.
Stay tuned.
https://twitter.com/cotinetwork/status/1359504491775746051?s=21

[Dalib]

We are happy to announce the application opening for COTI’s Staking 3.0 program! First come, first served. Act now!
We ask everyone, current stakers and new applicants, to follow the process outlined below:
https://cotinetwork.medium.com/staking-3-0-application-is-now-open-bb4d6dae3ff3

[Dalib]

The new staking program application reached new application records. We remind all that approvals for the March cycle will be sent between Feb 22nd and Feb 25th - PLEASE MAKE SURE YOU HAVE ENOUGH NATIVE COTI BY THEN.

Read more here: https://medium.com/cotinetwork/cotis-staking-3-0-status-report-e68286345dc5