COTI
COTI
Watchlist
₹9.03
LIVE
Watchlist
24H Low ₹8.70
24H High ₹9.07
Price of COTI today
The current live price of COTI today is ₹9.03, with a 24-hour trading volume of ₹84,23,02,197.99. Our COTI to INR price is updated in real-time. COTI has seen a increment of 3.83% in the last 24 hours. With a live market cap of ₹15,54,93,66,559.60 , the circulating supply is at 1,718,062,713 COTI coins, with a maximum supply of 2,000,000,000COTI coins.
COTI Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.27 | 3.05% |
7 Days | ₹0.22 | 2.51% |
30 Days | -₹0.10 | 1.1% |
1 Year | ₹5.37 | 157.76% |
COTI Price Information
Price Change (1hr)
3.44%
Price Change (24hr)
3.05%
Price Change (7d)
2.51%
COTI Market Stats
Market Cap
₹15,54,93,66,559.60
Fully Diluted Market Cap
₹18,10,10,46,541.53
24hr Volume
₹84,23,02,197.99
8.61%
Circulating Supply
1718062712.51 COTI
Total Supply
2000000000 COTI
Things to know about COTI
What is a COTI token?
COTI (Currency of the Internet) represents a comprehensive blockchain-based financial ecosystem tailored for decentralized payment systems. It seeks to address the limitations of conventional finance, such as high transaction fees, delays, lack of global accessibility, and risks, through the introduction of an innovative DAG (Directed Acyclic Graph) protocol and infrastructure. This setup promises scalability, speed, privacy, inclusivity, and affordability. COTI's mission is to enable organizations to create their own payment solutions and facilitate the digital transformation of money.
Tokenomics
Total supply:
2,000,000,000 COTI tokens
Allocations:
Team & Founders:
15% with 6 month lock, then 2-year vesting
Advisors & Early Backers:
10% with 6-24 month vesting
Incentives & Ecosystem:
25.5% (12.5% user/merchant incentives, 13% validator incentives & grants)
Reserves:
39.49% for stability/growth
Token Utility
Used for fees, staking, and collateral across the COTI payment network
Fees for using COTI Pay and other COTI services paid in COTI
Validators, node operators, and arbitrators stake COTI
Used to mint COTI-based stablecoins and tokens
Access to COTI Treasury staking
Token Unlock Schedule
Public sale tokens are unlocked at the listing
Private sale:
1.29% at listing, 1.01% month 4, rest vested over 24 months
Team/advisors:
6 month cliff, then 2-3 years quarterly vesting
Ecosystem:
10-30% at listing, then 2-4 year vesting
Inflation & Emissions
No fixed inflation schedule
Emissions primarily from ecosystem incentives/grants
Fees and in-app COTI usage are to be partly burned to offset emissions
Market Data
As of today 12 October 2024, the price of COTI is ₹9.03 INR, with a 24-hour trading volume of 9539096.24 USD. The market capitalization for COTI is 176097016.53USD. The circulating supply is 1718062712.51 COTI, with the total supply also being 2000000000 COTI.
Token Pros and Cons
Pros:
Optimized for decentralized payments with high throughput and low fees
Partnerships with Cardano, Celsius, Fantom, Simplex, etc.
Offers payment solutions like COTI Pay, stablecoins, and loyalty networks
Unique Trustchain consensus algorithm and MultiDAG architecture
Incentive programs to drive adoption
Cons:
Still a relatively new and unproven project
Faces stiff competition in the payments/fintech blockchain space
Regulatory uncertainty around digital payment solutions
Centralization concerns with large reserve held by the team
Relies heavily on partnerships and merchant adoption to succeed
Why Should You Invest in the Coin?
Potential to become a leading decentralized payment network
Strong team with experience in payments and blockchain
Attractive valuation compared to competitors
Staking rewards and incentive programs for token holders
Positioned to benefit from the growth of digital/crypto payments
USP of the Coin
DAG-based protocol optimized for payments at scale
Trustchain consensus algorithm that combines trust scores with Proof-of-Work
MultiDAG architecture enables multiple customized payment networks
Problem the Coin is Solving
COTI aims to solve key challenges with traditional payment systems, like high fees, slow speeds, lack of privacy, and inclusivity, by providing a decentralized payment infrastructure that is fast, cheap, scalable, private, and inclusive. It wants to empower any organization to create its own payment solutions.
Founder and Team Background
COTI was founded in 2017 by Shahaf Bar-Geffen (CEO). Shahaf has a background in economics and has founded several startups before COTI. The COTI team consists of over 30 members with cryptography, economics, data science, and engineering expertise.
ICO Price
IEO (Initial Exchange Offering) on KuCoin:
Conducted on June 4, 2019
Price:
1 COTI = $0.065
Hardcap:
$3,000,000
Tokens for sale:
46,152,000 COTI (2.3% of total supply)
Allocation per winning ticket:
$500 (7692 COTI)
Private Sale:
Conducted on June 5, 2018
Price:
1 COTI = $0.08
Raised:
$16,016,000
Tokens allocated:
200,200,000 COTI (10.01% of supply)
Vesting:
1.29% unlocked at listing, 1.01% unlocked in month 4, rest vested over 24 months
Bonuses based on amount and vesting period
Seed Sale:
Price:
1 COTI = $0.06
Raised:
$3,444,000
Tokens allocated:
57,400,000 COTI (2.87% of supply)
Vesting:
0.05% unlocked in month 4, rest vested over 33 months
Tokens were gradually unlocked over 2-3 years to prevent sudden circulation increases. Private sale participants could get bonuses of up to 20% based on amount contributed and lock-up period selected.
Risks Associated in Investing in the Coin
The highly competitive landscape for blockchain payment solutions
Needs to achieve widespread merchant adoption to be viable long-term
Complex technology and consensus mechanisms that are challenging to explain
Regulatory risks related to digital payment networks
The majority of the token supply is held by teams and foundations as opposed to the public.
Whitepaper Insights
The COTI whitepaper outlines the technical design of the Trustchain consensus algorithm, which uses machine learning to assign trust scores to network nodes to achieve consensus more efficiently than traditional blockchains. It introduces the MultiDAG architecture, which allows the creation of multiple customized payment networks with their own rules on top of COTI’s base protocol.
The paper describes how COTI aims to provide a comprehensive decentralized payment ecosystem with tools for enterprises, merchants, governments, payment dapps and stablecoin issuers. This includes COTI Pay for processing fiat and crypto payments, custom stablecoins, loyalty networks, and more.
COTI’s goal is to meet the challenges of legacy payment systems by providing a fast, cheap, scalable, private, and inclusive payment infrastructure based on DAG (directed acyclic graph) technology as opposed to blockchain. The Trustchain consensus is COTI’s key innovation - it combines a trust-based DAG data structure with Proof-of-Work to achieve high throughput and fast confirmation times.
The whitepaper goes in-depth on the technical components like the Trustchain algorithm, node types, smart contracts, fee models, attack vectors, and more. Overall, it presents COTI as a next-generation payment protocol that can power real-world commerce at scale
In summary, COTI is an ambitious project aiming to build the decentralized payment rails for the new economy by utilizing an innovative DAG-based architecture, trust-based consensus, and a comprehensive suite of merchant tools and services. However, it still needs to prove product-market fit and gain traction to compete with established players in a crowded blockchain payments space. The strong team, Cardano partnership, and early interest from merchants are promising signs for COTI’s future potential.
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Price as per 11:48 AM • 12 Oct 2024
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What is the price of COTI (COTI)?
The current price of COTI (COTI) in INR is ₹9.03 INR.
What is the current COTI market cap?
The current market capitalization of COTI (COTI) is ₹15,54,93,66,559.60 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of COTI by the number of coins in circulation.
What is the current supply of COTI (COTI)?
The current supply of COTI (COTI) is 1718062712.51 COTI. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of COTI (COTI)?
The 24-hour trading volume of COTI (COTI) in INR is ₹84,23,02,197.99. This figure represents the total value of all COTI transactions across various exchanges within the last 24 hours.
How to Buy COTI (COTI) in India?
To buy COTI (COTI) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in COTI.
Can I buy COTI (COTI) with UPI?
Yes, you can buy COTI (COTI) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert COTI (COTI) to Indian Rupee (INR)?
To convert COTI (COTI) to Indian Rupee (INR), you can use our COTI/INR conversion rates in real time.