Review on COTI by Benaiah A. Akinlade
COTI: Giving organizations the liberty to build their own payment solutions
COTI is a financial technology platform that allows organizations the opportunity to build private payment solutions and digitization of currencies. It was co-founded by Shahaf Bar-Geffen (CEO), David Assaraf (COO), and Samuel Falkon. The COTI team includes 19 experts and professionals from several works of life such as engineers, mathematicians, economists, researchers and experts from fintech and banking.
COTI is an interoperable platform due to the cross-chain bridge that allows integration with most blockchains. COTI is listed as ERC-20 token on Bitmax and Bithumb Global, while it is a BEP-2 token on Binance Dex of the Binance blockchain. Coti provides product services such as; Coti pay, Stable coins, Loyalty network, Payment network, and Remittance tech. COTI also provides 7 elements for successful payments: Simplicity, Scalability, Cost-effective transactions, Buyer and seller protection, Instant Payments, Price stability, Payment Security
COTI can process over 100,000 Transactions P/S which is significantly higher than the 25,000 Transactions P/S of the traditional system of payment and up to 20 transactions P/S in other common blockchain protocols.
COTI token USD value is 0.03271448 which you can stake through MainNet wallet by delegating to a community node. It can be traded on exchanges such as KuCoin, Binance, WazirX, Indodax, Bithumb Global, Binance Dex. It also trades in pairs against tokens such as USDT, BTC, BNB, and IDR.
Pros
- COTI provides fast completion of transactions
- The token trades in pairs with popular and reliable cryptocurrencies
- The token is available for trading on trusted crypto exchanges
Cons
- It can be easily seen as a centralised platform due to recognisable founders and team members
- The trading value of COTI token is low
