Cryptocurrency Of The Internet (COTI)


Introduction
Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.


Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.


However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
For this reason, the project I am going to present you is Currency Of The Internet, the alternative of digital currency to traditional payment systems such as Visa, Mastercard and PayPal services.

Presentation
Definition
As I said before, Currency Of The Internet (COTI) (https://coti.io/) is a FinTech company that has developed a base protocol, known as the Trustchain™, in order to be the digital currency alternative to traditional payment systems like Visa, Mastercard and PayPal.


Goals
The main objective of COTI Project is to be able to face the technical challenges that affect other existing cryptocurrencies and limit its massive adoption as a means of payment through consumer portfolios, commercial processing tools and a digital currency exchange service.


Benefits
With the integration of blockchain-based technology, COTI Platform offers one of the largest ranges of benefits in the world of ICOs:
  • Better security and privacy payment network
  • Buyer-seller protections
  • Instant payments
  • Simplicity in P2P payments
  • Low to zero rates translate into higher profits
  • Increase in cash flow due to the instantaneous liquidations
  • Reduction of unnecessarily rejected transactions
  • No need to give personal details to merchants
  • Equitability in the chargeback mechanism
  • Processing of micropayments
  • Complete regulation of KYC and AML
Roadmap
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Airdrop

The project gives the opportunity to earn Currency Of The Internet performing some social media tasks and doing simple steps from the bounty program explained into Bounty0x. Here (https://alpha.bounty0x.io/bounties/19) you can access to the link in order to see what are the conditions to become an early COTI contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://coti.io/en/files/COTI-technical-whitepaper.pdf?v=c382cb21068). You can also stay tuned in their official Telegram group (https://t.me/COTInetwork). I hope you liked the post and soon I'll send you new ones.


Extra details
Token: COTI
Platform: Ethereum
Type: ERC-20
ICO price: 1 COTI= 0,1 USD


Partners
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Author Details
Telegram username: @clauming
Bounty0x username: adriaparcerisas
Bitcointalk username: adriaparcerisas
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71 

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