COTI(COTI) – The Revolutionary Decentralized and Extensible Payment Network

ishrox (32)in #ico • 6 years ago (edited)

The fascinating platform COTI works as a payments transaction network which is made entirely to resolve the payments difficulties of nowadays. COTI’s ecosystem of submissions and facilities, presently under improvement and it will contain consumer wallets, commercial processing tools and cryptocurency conversation facility. COTI system will be operated through its own cryptocurency, the token token XCT COTI answers join the best of outdated payments methods and the best of blockchain system and the platform will proposal the fast, user friendly and maximum cost effective and best reliable way of paying

Coti Company General Idea

The COTI squad was established on the impression of emerging a new payments system that would continue to be extensively accepted by purchasers, and traders. The platform confidences to be the compound for conventional implementation of cryptocurrencies in payment use cases

The Key Elements of COTI ecosystem

Trust scoring engine

This system proficiently investigates system collaboration to produce a exclusive trust score for every COTI system contributor. Transaction price, dispute incident, disputes won, disputes misplaced, and user score are some of the factors that efficiently define the exclusive trust score

Mediation system

This method will efficiently defend traders or purchasers in the incident of transactional disputes can rise inside the XCT network. This method delivers reserve to the feature call trust engine

Some of the scenarios where a mediation system is needed

• Unapproved charges
• Undelivered goods or services
• Not confirmed goods and services
• Faults of billing
• Unintended transfers
• Money exchange
The platform is utilized for money exchange and the cross currency payments and is used to move the properties of final user after some currency to any other currency using a straight mechanism

What is COTI’s desire

It is proven that more than $50 trillion of customer originated dealings are happening everywhere in the glob yearly. Outdated exchanges like USD and Euros are accountable for majority of dealings while 0.003% dealings happening by Initial coin offering tokens like Hamster, BunnyToken etc

• COTI payment system will be utilized by way of compulsory energy which will be necessary for the payment system to perform and send required payments
• Coti payment system has provision from the worldwide payment resolution corporation Call the processing.com
• Like this, it will be far comfortable for COTI payment system to enlarge consuming qualified, presumed, renowned, and honored associates

What dose COTI seek to solve

The COTI payment structure provides end users better composure and effectively removes resistances from the payment capability by thoroughly familiarizing a layer of reliance to all the trader and consumer exchanges and payments

The Initial coin offering (ICO)

The ICO is the main chance for the common community to get XCT tokens. The entire amount of tokens accessible for deal throughout the ICO of the cryptocurency has a limitation. The sale will be shut after the hard cap reached its limit

Roadmap

2018

2019

Team

Advisors

Partners

The Conclusion

The Fascinating COTI payment system would be a good point for perform any deal without confidence and spreading outdated blockchain features for with innovative digital payment features or structures, COTI is equipped with various features to smooth the whole process with a trust