Review on COTI by erdi yılmaz
Time Is Bad, Defend Coti :)-
COTI is a blockchain-based financial ecosystem that emerged to address the most common problems in the classical financial system, such as high commission fees, delays in money transfers, and the inability of many people around the world to access these services.
This platform is one of the leading representatives of the DeFi movement we know as decentralized finance. We can briefly define COTI as a platform that provides decentralized payment services.
There are many platforms that offer payment services in the traditional financial sector. It is clear that these platforms have chronic financial problems. At this point, COTI appears as a Blockchain-based system.
Payment can be made with almost any coin in the cryptocurrency market. However, it is known that all these coins are used for other transactions. COTI is a project that focuses solely on payment processing.
COTI aims to process payments both faster and with less commission. It has a processing capacity of 4 cards per second more than Visa. In addition, Coti offers its users the opportunity to earn passive income with a staking system similar to DeFi. Additionally, the COTI token is used to pay for all transactions that occur on the network.
COTI is known to cooperate with systems such as Chainlink, Constellation, Cardano, Fantom, Simplex, Celsius.
Pros
- Trying to be a brand by focusing on a single point is a good strategy
- Establishing partnerships with other projects
- high speed processing capacity
Cons
- recent loss of market value
- needs time to develop
New products
Comments (1)
November 06, 2020
I think COTI is very helpful because they take care of people's problems. Moreover, they provide low commissions and fast payments. They cooperate with many exchanges, which makes them reliable.
