COTI could get a 300% raise in the long run - Sofi12z█ Fundamental Analysis.
What is COTI?
COTI (Internet Currency) aims to build a decentralized and scalable payment network to facilitate an efficient universal business.
Combining distributed ledger technologies with classic payment resolutions, COTI aspires to build a next-generation decentralized payment solution that is trust-driven, fast and cost-effective. COTI distinguishes itself from other payment solutions by providing a complete solution consisting of an innovative trust mechanism, a decentralized staking system, a multi-currency wallet (Fiat and Crypto), and a native currency exchange. The driver of the COTI ecosystem is going to be the COTI coin, a native digital currency.
From COTI's largest shared book it is based on directed acyclic graph (DAG) data composition, similar to the underlying technology of the IOTA network. Using the DAG, COTI will leave well over 10,000 transactions per second, far more than is necessary (VISA peak times need ~4,000 t/s).
The Accessories, which consists of 27 full-time members, is working hard at COTI and has predetermined a descriptive composition for its future network. COTI will raise ~30M USD through public and private coin offering. They have already attracted a huge and dedicated partnership and successfully raised ~10M USD in their private trading.
Essential.
The online payments industry currently encompasses well over 1.6 billion individuals internationally with an annual transaction volume of over $3.265 trillion.
According to current research, the industry is expected to show an annual CAGR of 13.5% between 2018-2022, which will result in a total share of $5.411 billion in 2022. Along with the increase in market cost, the industry is changing rapidly. New ways of doing business continue to emerge and the equality of power in the industry is changing.
Based on the spread of mobile devices such as capable phones and tablets, the volume of mobile payments is increasing rapidly and is expected to gradually capture a remarkable market share within the online payment market. The rapid growth and changes in the industry have increased the demand for faster, simpler, more scalable and more reliable payment systems.
Problem
Despite strong competition in the online payment industry, neither digital currencies nor classic electronic payments have introduced a comprehensive solution for the online payment industry. While classic online payment systems (eg PayPal and Visa) have the ability to scale a huge volume of transactions, with a fast turnaround time, they pose huge problems in terms of transaction fees.
Primarily in cross-currency and cross-border transactions. However, digital currencies could represent a choice, as they have the potential to facilitate payments with more stability and lower transaction fees. However, in practice, they struggle with scaling challenges, low adoption rates in the online payment environment, and their cost is quite volatile. By the way, to date, only less than 0.1% of online payments are made using digital currencies.
Solution
The COTI ecosystem consists of 4 competitors: end users, node operators, brokers, and merchants. The network has been designed with the purpose of producing a decentralized payment network that will integrate the advantages of both classic payment systems and digital currencies (described in the table above). COTI consists of the following elements:
Instead of using a blockchain-based database, COTI's largest shared work is based on a directed acyclic graph (DAG), which they call a Cluster. In DAG-based networks, each transaction should validate 2 previous transactions to be confirmed. Therefore, the rate of transaction confirmations is increasing according to the growth in the number of network users. COTI found the ideal DAG to be able to accomplish its purposes, since it enables them to connect transactions simultaneously and asynchronously.
The Cluster will be carried out by means of 3 types of nodes:
- Entire nodes: these nodes are the gateways of the users to the network. They choose the sources to attach novel transactions, do proof of work (PoW) and allow novel transactions to be attached to the Cluster.
- DSP (double-spend prevention) nodes: these nodes maintain an up-to-date replica of the cluster at any given time and monitor transactions to mitigate any likelihood of double-spend attacks. To realize a DSP node, a gigantic proportion of COTI coins would have to be deposited in a specialized multi-signature account. All DSP node operators are paid by the COTI network for their efforts.
- History nodes: the nodes store all the history of the Cluster. The complete history of the posting can be retrieved from the History nodes. In the event that the history node fails to function for any reason, COTI's history servers have the ability to use as a proxy.
Confidence scoring mechanism
COTI has implemented another layer of data in each client: Trust Scores. Such scores are the key mechanism by which unconfirmed novel transactions select prior transactions to validate for transaction assertion agreement.
Confidence scores decision: A participant's confidence score is established at the outset through a general questionnaire and document verification. Over time, trust scores will update automatically based on (1) user activity (value of transactions over a set time period), (2) the proportion of controversy in which the participant has been involved (3) the number of disputes that were resolved in favor of the participating counterparty (4) and the rating that other parties to the transaction have assigned to the participant. The limits described above are not exhaustive.
The COTI technical technical file gives more details of the mechanisms used to decide confidence scores.]. Confidence scores are relative values plotted on a scale of 0 to 100, with 100 being the highest feasible score. They give an indication of how competitors rank against each other in the COTI network, measured by their contributions to network effectiveness over time.
To incentivize users to earn trust scores and promote an environment of trust, COTI created scores to be associated with transaction fees: high scores are associated with low fees, while low scores are associated with higher fees. high comparison; as well as with merchant mobile booking requirements.
The Assertion Process: As stated, to be added to the Cluster, each transaction (represented by the user's Trust Score) would have to validate 2 previous transactions that remain in the range of their Trust Score. As transactions are attached to the Cluster, they collectively form chains of trust or transactional sets characterized by similar trust score thresholds. The trust chain agreement algorithm ensures that trusted users (i.e., those with higher trust scores) are incentivized with optimized transaction confirmations, because their trust chains have a chance of hitting the threshold. Fastest requested cumulative trust score. In primary words: the age of affirmation of the transactions is correlated with the confidence indexes of the users.
For a better understanding, please refer to the following simplified example. The new transaction is the one in bold (67). The new transaction validates 2 transactions that remain in the range of your trust score. Over time, the transaction is being confirmed by the highest cumulative trust path (the cumulative trust score is in bold, and the highest cumulative trust path is highlighted in green).
Using the DAG composition together with the chain of trust agreement algorithm, the cluster can achieve a transaction assertion rate of 10,000 TPS, compared to Blockchain systems that are able to process an average of 20 TPS. To keep things in view, Visa handles roughly around 2,000 TPS, while its maximum daily rate is around 4,000 TPS.
The participation system
Mediators simply take responsibility if disputes arise in the network. Mediations do not allow transactions, but resolve disputes. They are needed once one of the following scenarios happens: billing errors, inadvertent transfers (when a customer inadvertently sends funds to the wrong party), unauthorized charges, undelivered goods or services, and non-compliant goods or services. In all of the above scenarios, if the sender and receiver of the funds do not have the possibility to resolve the dispute directly, the dissatisfied party can start
Each discussion involves multiple Mediators who work independently to validate information from everyone in the real world regarding transaction disputes. Mediators are encouraged to reach similar conclusions about a discussion in the absence of the probability of coordinating (similar in some respects to Augur's agreement mechanism).
When the mediators validate the information, they cast votes using the mediator buyer. Along with their votes, mediators deposit COTI coins. Next, the votes are calculated and, based on the majority of the votes, the system compensates the winning party and returns the equality of that party to the state that corresponds to it. The mediators whose votes agree with the majority of the votes will be paid by the COTI network for their efforts. Mediators who choose to act maliciously will not be subject to any penalty, but will instead lose their deposited tokens (those tokens will be used to fund the other mediators).
█ COTI is taking the next steps:
- Prevent collisions: COTI created an algorithm that will route mediators that have the least chance of colluding with each other; and if mediators are found to have engaged in any form of collusion, they will be severely penalized.
- Recruitment and training of mediators. Individuals who wish to register as mediators have to complete certain requirements prior to being admitted to the mediator platform. COTI will also make available online training programs that have the potential to help candidates gain the knowledge necessary to contribute to the dispute resolution process in a positive way.
Merchant Mobile Reserve: A mobile reserve is a risk management plan to defend the payment services merchant and their banks from potential losses due to chargebacks; It is commonly used in classic payment systems (Paypal).
Mobile reservation requirements are calculated on merchant billing functionality and trust score. Mobile reservation requirements are expected to be lower than existing payment networks. Each business transaction will incur an ongoing reservation fee, in native COTI currency, which is reserved for multiple days. Once the mobile reserve term ends, the funds are returned to the merchant's posting. As stated before, mobile booking is used once a trader has lost a mid. Merchants who do not meet the revolving reserve requirements will not be able to sell goods and services on the COTI network.
Native currency (COTI)
- COTI's native currency will promote networks and fuel collaborations between customers, merchants, brokers and node operators. The coin will fulfill the following functionalities:
- Barter medium that can be used when making and receiving payments in the COTI ecosystem. While the COTI network supports a variety of fiat and digital currencies, competitors remain incentivized to use COTI over other currencies due to its effectiveness as a payment method and low-to-zero transaction fees.
- Bets and participation payments remain called in COTI currencies. As such, mediators have to constantly have COTI coins willing to participate in the intervention.
- The merchant's mobile reserve funds remain called in COTI currencies and are automatically accumulated in the merchant's accounting over a certain period of time.
- Incentives for node operators. All node operators are going to be incentivized in COTI coins and will need to constantly hold COTI that they wish to validate node activity.
- Rates: Each of the COTI network rates have the possibility of paying only with COTI coins.
COTI Currency Exchange
To provide a simple-to-use payment solution, COTI is developing a currency exchange that offers network competitors constant entry to liquid markets in a plurality of fiat and digital currency pairs. This means that end users will be able to transfer their holdings from one currency to another, without having to withdraw their holdings from the COTI wallet. In addition, it will allow network competitors to pay and receive funds directly in the currencies of their choice, regardless of the preferred currencies of their counterparties.
Stability: All traffic in COTI barter is end-to-end encrypted using Transport Layer Security ( TLS ) 1.2 (using SHA256 keys), and all data at rest remains safeguarded with AES-256 encryption. Each step in the currency exchange process is transactional, so if any part of a step in the exchange process fails, the entire step fails.
Decentralized governance
COTI's intent to grant voting rights to make changes to the COTI base protocol and dictate future use cases of the COTI coin.
Applications and services:
Clients
Due to scalability challenges and relative difficulty, digital currencies are occasionally applied in payment use cases (compared to traditional payment systems). Consequently, a primary focus of COTI's implementation was to make digital currencies as simple to obtain and use as their fiat counterparts.
Wallets: COTI's primary consumer offering is a multi-currency wallet that provides instant and simple entry into the COTI payment network and supports a variety of customer payment use cases, including peer-to-peer transactions with peers that own COTI wallets. and nearby wallets. wallet transactions.
Additionally, COTI wallets have the ability to simply be used as a "bank account" for the purpose of holding funds (both digital and fiat currency). The COTI wallet is being developed as a native mobile application and as a web application accessible through the COTI web portal. Users will be able to open wallets through the COTI website and apps, as well as through the payment method on COTI-powered merchant websites.
Debit Cards: COTI gives users access to debit cards that link directly to COTI wallets. The primary reason for giving out these cards is that they will allow users to make payments from their COTI wallets once they deal with merchants that have not yet joined COTI.
COTI users will be able to specify their preferred currency each time they create a virtual debit card. Once a purchase is made with a card associated with a currency that does not match the currency of payment, the COTI exchange will automatically convert the requested portion of the currency associated with the card to the currency of purchase.
For merchants
COTI is developing a suite of merchant tools and services that make COTI a compelling initiative for merchants to complement or replace their existing payment systems.
Processing Tools: COTI is developing processing tools that will allow merchants to start accepting payments from COTI wallet holders. Merchants will be able to choose whether they aspire to connect to COTI's payment rails via API or by integrating an IFrame (Inline Frame) into their websites.
COTI-powered merchants will gain access to a dashboard that provides detailed data and reporting functionality on their COTI network transactions. In this panel, merchants will choose which COTI-compliant currencies they want to support, as well as their favorite settlement currencies. In addition, the panel will provide merchants with a wallet-like feature that will allow them to make payments to COTI wallet holders and other COTI-enabled merchants, as well as use COTI's foreign exchange capability. Merchants will also be able to run their own full node with a custom wallet to speed up the transaction experience for consumers. * To understand the next paragraph, make sure you're familiar with the odds terminology, or at least the next few terms: callput odds, alternative strike cost, and alternative premium.
COTI Hedging Services recognizes that one of the barriers preventing settlement by merchants of digital currencies is the volatility they are likely to be exposed to between the time a payment is received and the time of settlement.
COTI will remove this barrier by building an internal derivatives market that enables network competitors to enter into forward contracts and trade and sell call/trade capabilities that remain called in COTI currencies. A Black-Scholes alternative model will be used for the cost of the trading alternative, where the alternative premium (revenue received) will be calculated on the basis of the alternative's exercise cost (for trading possibilities, the cost at which they are able to sell the shares), the election term (the length of time over which an election is active) and the volatility of the COTI cost. In the first phases, these possibilities will be limited to a period of 30 days and will only cover payments called in COTI currencies. COTI will operate a market where market makers will need to deposit collateral into a particular margin account called in COTI currencies. The margin requirement is going to be lower for network competitors with high trust scores and higher for those with confidence scores. low confidence. The COTI is currently in talks with various institutes that remain willing to act as market makers.
For mediators
To address the volume of disputes occurring on the network at any given time, COTI is developing an application that will allow mediators to accept invitations to receive and verify case data, place bets, and, if successful, contribute to a mediated outcome , to receive payments in COTI.
Token economy
Initially, ERC-20 tokens will be issued in order to provide an official record of sold tokens. Following the launch of the primary COTI network, ERC-20 tokens are to become issued tokens on the COTI network's largest transaction ledger. ERC-20 tokens are expected to be included in at least one fundamental swap no later than the end of September 2018.
Token supply: Due to the composition of the directed acyclic graph (DAG) and the decentralized nature of the COTI network, it will not be feasible to produce extra COTI tokens after the genesis transaction. Therefore, an extra 2,000,000,000 COTI will be created and locked in reserve, so the highest supply of the token will be 4,000,000,000 COTI. Such tokens will not be released prior to the launch of the primary COTI network and will be subject to severe limitations.
According to the accessories, COTI can rarely start sales of extra tokens from the reserve.
Accessories
The central teams consist of 27 full-time members.
David Assaraf (Co-Founder, Business Development). David previously served as a lead internal auditor at HSBC Israel and as an examiner in the credit jeopardy unit of the Bank of Israel's banking supervision department.
Shahaf Bar-Geffen (Executive Director). Shahaf is the co-founder and former CEO of WEB3, a leading transnational digital marketing organization. Shahaf has a bachelor's degree in biotechnology and economics from Tel Aviv University.
Advisors
Matt McBrady: Matthew has been the chief investment officer for the multi-strategy hedge fund platform at BlackRock. He has held senior positions at Silver Creek Capital and Bain Capital. Matthew has a Ph.D. in Business Economics from Harvard University, and has been an instructor of finance at the Darden School and Wharton.
Greg Kidd – Greg is the co-founder of Hard Yaka and an early investor in several startups in the barter space, integrated Ripple, where he served as CRO, Shift, Coinbase and 3taps, and previously Square and Twitter. Greg has an MBA from Yale University and an MPA from Harvard University.
Sebastian Stupurac – Sebastian is the co-founder of WINGS, a capable contract facilitation platform that operates on the DAPPS Ethereum blockchain.
Steven Heilbron: Steven has served as Universal Head of Private Banking and Group Lead Advisor for Investec Bank in London.
Associations
COTI has predetermined relevant alliances with strategic allies: a partnership with Bancor, which will allow COTI to activate ERC20 tokens on the Bancor Network, and thus grant continuous liquidity between the COTI coin and various ERC20 tokens; A technology partnership with MicroMoney to enhance your financial services; And a financial grouping with Processing.com, which, according to the CEO of COTI, will streamline their sales tactics.
█ Conclusion Pros and Cons
Pros
Comprehensive decentralized payment solution: COTI was developed exclusively to satisfy the consumer's everyday payment usage scenario and indeed provides a complete solution that correctly addresses the needs of the market while also solving the primary concerns of customers and merchants. In addition to the "common" advantages in terms of scalability, decentralization, stability, and low fees, COTI also grants an additional layer of trust, hedging services (to address volatility), and a membership with a native wallet and native currency exchange. which provides a suitable and simple solution to use.
Potential of the plan: the target market of the plan is the online payment industry. A monumental and growing market. We believe that the positive results of the future payment network COTI are beneficial enough for it to successfully penetrate as a legitimate distributor of payment services and, therefore, capture a significant market share. COTI addresses tangible market needs that none of the recent payment systems have addressed and therefore, despite strong competition, the potential of the scheme seems high.
Cons
Initial phase: COTI is still in its initial phases. Although an Alpha Net will be launched soon after the token trade, for the network to achieve full scalability and usability, it would need to achieve wide adoption from traders, market makers (for hedging services), and brokers. That adoption will not occur before the launch of COTI's Main Net, throughout the second quarter of 2019 (more than a year as of this writing).
█ Technical Analysis
Basic Information:
• Rank: 190
• Market cap: 913M
• Price in BTC: 0.000005
• Available supply: 1.05B
• Maximum supply: 2.0B
• Volume (USD): 22,000M / 40,834M
• Relative volume: 0.54 ×
• Volatility: 10.98%
• Range: $0.187543 – $0.199086
On September 28, 2021, Coti managed to obtain a value of 0.62 USDT, which would be its ATH until now, in which the price fell by 70%, having a price per asset of 0.189 USDT.
Currently the volatility of the asset is at a low of 2021 based on the ATR indicator.
Supports:
1W: 0.09 USDT at 0.1183 is the demand zone with the highest volume currently.
3D/5D: 0.1708 to 0.2041 USDT is a demand area with lower volume, but interest to increase liquidity taken on a long-term position.
Resistors
3D: 0.2317 to 0.2443 USDT This is the range with the highest sales volume, currently it would be sought to overcome it slowly in order to climb and obtain more liquidity to move towards new ATH.
1W/5D: 0.2870 to 0.3417 USDT this range would be the last to be able to obtain new ATH.
Terms:
T1, T2 = Target 1, Target 2
Zone1, Zone2 = These are zones in which the price can have an impulse.
Conclusions
The volatility is at a minimum and long-term purchases are beginning to be found in the asset, in general I would look to buy in the range of the 3D support in the best case, make DCA until the weekly support in which I doubt that the price will obtain values inferior looking long-term to obtain 500% in the asset in a pessimistic way.
All the indicators come to indicate oversold, but I prefer to use technical analysis concepts combined with fundamentals for my spot, giving volume information higher priority than moving averages or oscillators.
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