Article by Dannywhelan
Every once in a while there happens a breakthrough. A breakthrough that changes how humans interact with each other as well as with things around them. It disrupts several industries and brings along with it a tidal wave of change never before heard of. Innovations and businesses based on the new breakthrough come up like mushrooms all over. The best minds devote time and energy to make the best even better. Every once in a while, the world changes – for the good of mankind. Every once in a while, a technological breakthrough is made that leaves the whole world in awe. The current breakthrough in the technological domain is definitely the blockchain. It revolutionizes how records are maintained securely and transparently and takes ease of doing business on a different level altogether. No doubt it can change the entire financial technology industry forever.
Ever since the introduction of the first cryptocurrency to the world – the Bitcoin – in 2008, it has been established that the internet can be used to transfer digital currencies securely. Thousands of new cryptocurrencies have flooded the market addressing a wide variety of problems. But, the main aim of cryptocurrencies – the reason for which Satoshi Nakamoto created Bitcoin – still remains unaddressed. The aim was to create a platform that will support seamless transfer of payment worldwide within nanoseconds. The platform should be secure enough to protect the user's as well as the merchant's funds, should be able to support billions of transactions in seconds and should have a state-of-the-art consensus mechanism to make the platform eco-friendly and future proof. Astonishly, till date there hasn't been a single established cryptocurrency that has been able to achieve the above-mentioned requirements to take over the world as the first mass adopted digital currency. Things are going to change with the introduction of the Currency of the Internet (COTI). It is the first cryptocurrency that has been designed to actually perform what cryptocurrencies were made for!
Currency of the Internet, or COTI, culminates all the advancements in the blockchain technology from the last decade and creates a state of the art technologically advanced cryptocurrency that has the potential to be adopted for mass use worldwide. COTI weaves together several features from the previously existing coins with new consensus mechanism to make payments a breeze. It uses a proprietary mechanism called Trust Score to find credibility of a transaction and stores it in the blockchain. This Trust Score feature is used to determine the safety of any transaction. Escrow accounts are built in the main net blockchain network to make the whole system of transferring funds a trustless experience.
COTI is backed by one of the most experienced and versatile team in the blockchain ecosystem. The diverse team brings with it decades of experience and international strategies that is sure to take the cryptocurrency payment mechanism to a altogether new level. Not only is the team multi-talented, but the advisors on board are leaders of multinational companies that brings in years of first-hand leadership experience.
COTI is offering a digital token by the same name for its Initial Public Offering. Touted to be one of the biggest ICOs in 2018, this project is surely going to make a mark upon the global financial tech industry. Here are some details about the ICO.
Summary:• Each token will be priced at US$0.1
• All of the token sale contributors will be awarded additional discounts based on their lock-up choice.
• ERC-20 tokens will be issued for the purpose of providing an official record of tokens sold.
• The ERC-20 tokens will be issued post-listing on at least one major exchange.
The COTI community is continuously growing at a rapid rate. As a coin of appreciation to our community, we are excited to announce that in the upcoming month we will be launching a special pre-sale limited to our community. For more details get in touch with us on Telegram or via e-mail.
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