Could COTI be the next big crypto? Increasingly, cryptocurrency investors are searching for the next big thing in hopes of making huge profit. No one can tell for sure if COTI or any other cryptocurrency would be the next hit, and you should be wary of any “expert” that claims with 100% certainty that they can tell the future.
True experts research, review and analyze certain fundamentals and technical data in guiding investment decisions, but are still honest about the potential risk inherent in any financial or investment decision.
With presently over 5,000 crypto assets available, only about 1,000 are actively traded on exchanges, and even fewer seem to have current or future economic viability. Depending on your risk tolerance, and whether you’re simply speculating or truly want to invest, one of the key questions to ask yourself before deciding on any crypto project is “Will it still exist in 10 years?”
There is no denying that crypto has come into mainstream but even then, it’s impossible to predict where things will go long-term however, experts seem to be keeping a close eye on topics such as regulation and institutional adoption of crypto payment to get a better sense of where things will go.
COTI appears to be at the forefront of driving institutional adoption of crypto payment being “the first enterprise-grade fintech platform that empowers organizations to build their own payment solution and digitize any currency to save time and money,” and is also regulation-ready making it more likely to succeed over the longer term. Indeed, COTI seems ready to do business with everyone, working alongside fiat, not against it!
Last September 2021, Shahaf Bar-Geffen, COTI’s Co-Founder and CEO shared the insights below about COTI’s future outlook and evolution from payment to a next-generation financial ecosystem. With the good development going on and hopefully continuing into the future, COTI is exhibiting favorable fundamentals, and the price chart indicates that the native currency is poised for growth in the context of the COTI ecosystem.
Beyond Payments: COTI’s Growth Plan to Become a Next-Gen Financial Ecosystem:
- COTI’s growth plan is to bind everything that it does and new things it plans to do into one coherent system and evolve the company’s offering from payments to a fully-encompassing next-generation financial system. This future ecosystem includes the following components:
- COTI’s Treasury — a decentralized pool of $COTI. Users of all services pay $COTI coins to the Treasury. The entire ecosystem pays fees, directly or indirectly, to the Treasury. Users deposit $COTI and are being rewarded.
- COTI users — In the center of the system are the COTI users who will deposit $COTI into the Treasury, in a flexible and tailored way for each of them, and earn rewards.
- A wide range of clients, using multiple technologies and services — all send $COTI fees to the Treasury. These services and technologies include:
- Stable coin factory — which offers clients around the world the possibility to issue their own stable coin on top of the Trustchain. Clients will pay both minting and redemption fees to COTI’s Treasury, as well as network fees.
- Enterprise and merchant services — A full integration to their backend system, processing of crypto and fiat, wallets and more under the COTI Pay Business brand. COTI will introduce its Stable Coin For Merchants, adding substantial processing fees to Treasury, alongside Network fees and Minting fees.
- Treasury services — Including borrowing and lending $COTI and vault services. Any fees, interests or collateral deposited will be added to the Treasury.
- Ecosystem and partnerships — Everything that COTI build and that is not on top of the Trustchain such as CVI, ADA Pay and more. All fees from products built on other networks will all be streamlined to the Treasury.
- Trustchain — All network services will pay their fees directly to the Treasury and not to COTI, including the interoperability bridge and COTI-X (COTI’s fiat to crypto solution).
- COTI’s upcoming Treasury model combines the best of DeFi and COTI’s staking 3.0 program. The Treasury will grow as COTI’s core services continue to grow, while introducing new services that will grow the demand for $COTI and will streamline $COTI fees to the Treasury.
Watch Shahaf Bar-Geffen, COTI’s CEO, present the Growth Plan on the way to becoming a next-gen financial ecosystem:
Here is what COTI plans on accomplishing in the coming months and years:
Please note that this is not a short term plan. It should not be seen as a guarantee of timeline and COTI will always prefer to deliver a high quality product rather than an incomplete rushed release.
COTI is a financial ecosystem, offering a wide range of financial technologies and use cases for enterprise clients and merchants. COTI holders and stakers enable these use cases and are rewarded accordingly.
Users of all services pay $COTI coins to the Treasury. This benefits the holders of $COTI by increasing the demand for $COTI, as well as the $COTI depositors through the growth of the Treasury, being its ultimate beneficiaries
As the ecosystem grows, in terms of volume and by the number of its offered services, the demand for $COTI and the amount of $COTI in the Treasury increases as well. Hence, the $COTI coin value is directly correlated to the growth of the COTI ecosystem.
Introducing COTI’s Treasury:
In order to better understand how COTI plans to transform COTI from a payments system into an entire financial ecosystem, it’s important to discuss the creation of the “COTI Treasury”. COTI’s Treasury is an algorithmic and decentralized pool of $COTI where users can deposit $COTI and be rewarded for their participation. The pool grows over time as the entire ecosystem pays fees, directly or indirectly, to the Treasury. When a user deposits (stake) $COTI into the Treasury, he is entitled to a share of the Treasury that grows over time as the pool collects more and more fees from the COTI ecosystem.
The idea for COTI’s Treasury came into creation as a result of our staking program combined with DeFi concepts. COTI’s Treasury offers the best of both worlds. Such a system is capital-efficient and flexible, allowing certain benefits for our users. These benefits include:
- Complete Flexibility and tailoring for each user
The Treasury is completely flexible and users are free to choose how they want to participate and how they want to be rewarded. COTI’s staking 3.0 program, which will gradually be replaced by the Treasury system, offers a few predefined programs in order to participate. The Treasury, however, is built in a way that allows a user to tailor his own program according to his own personal preference. Using the Treasury, users will be able to set their staking level, staking period and even influence on how the algorithm manages their leverage and risk level — all of which will determine the user’s specific reward and APY as per the composition of the Treasury.
- Democratization — Staking for everyone
Due to this capital efficient flexible structure and overall growth, the Treasury will be able to dramatically increase the staking pool by accommodating the participation of many more users.
- Regulation ready
The only way to deposit into the Treasury is through a VIPER wallet. This is important to note, as COTI has been collecting “know your customer” (or KYC) papers from its users since day one. Regulations are now becoming a requirement in crypto, but COTI has been ahead of the curve. This has given it a major head start, as the COTI Treasury is already regulation ready.
- Governing the Treasury
As COTI expects the value locked in the Treasury to be substantial, it believe that the participants should govern it in a decentralized manner. Accordingly, COTI will be introducing a governance structure and a governance token that will be distributed to those who participate in the Treasury and replenish it.
How does the Treasury grow? Introducing the full COTI ecosystem
As presented above, a wide range of clients, using multiple technologies and services — all send $COTI fees to the Treasury.
Let’s dive into the main categories of technologies and services:
Stable Coin Factory
Since the inception of COTI, it has considered stable coins to be a killer app that will facilitate the adoption of cryptocurrency globally. Afterall, stable coins can service payments and central bank digital currencies, or CBDCs. Moreover, COTI is already seeing bigger organizations getting ready to launch their own stable coins, like what Facebook is doing with Diem. It has also been in touch with a number of enterprises interested in the stable coin space.
COTI is uniquely positioned to take part in this future as the Trustchain is built from the ground up to support payments. It is high scale, low cost, regulation ready and equipped with the right licenses. It plan on making it possible for its clients around the world to issue their own stable coin on top of the Trustchain.
COTI has been making progress with some major clients and partners and will be gradually announcing new partnerships and deals.
Clients range from enterprises to other key infrastructure players, wishing to partner with COTI. Given the size of these potential clients and their grand user base, COTI believes that a significant amount of fees will be accumulated in COTI’s Treasury, benefiting depositors and holders.
Using its Stable Coin Factory, COTI will introduce COTI’s Stable Coin For Merchants. Due to some issues with USDT, to some limitations of the USDC and to the high gas costs, COTI’s merchants are looking for a stable coin that is fast, cheap to manage and tailored to their needs. COTI’s stable coin, which will be built to support merchants rather than exchanges — will be just that.
Minting of COTI’s stable coin, processing fees and network fees will all be paid to COTI’s Treasury.
So, how does the stable coin factory tie into the Treasury? First and foremost, everything built on the Trustchain will be pushed into the Treasury. Enterprise clients and merchants who will take COTI’s offering, will pay both minting and redemption fees to COTI’s Treasury. Any mint and burn fees will be converted to $COTI and then sent to the Treasury. Furthermore, clients or end users who will use the Trustchain will pay network fees to the Treasury.
Other than COTI’s Stable Coin For Merchants, expect some prompt news about COTI participating in the issuance of a major Stable Coin, stay tuned for that during the coming weeks.
Enterprise and Merchant Services
In the last few years COTI have been very focused on growing its merchants base and are on the path to process enormous volumes this year. COTI’s offering to merchants includes a full integration to their backend system, processing of crypto and fiat, wallets and more.
COTI has been operating a wide range of products: Blockchain Dollars, Ultra eWallet, and MyFirstWallet just to name a few. All of these products and brands will be built under one brand and product suite simply called COTI Pay Business.
COTI will continue to grow its merchant base and processing volume and will streamline fees to the Treasury that will grow as it continues to scale up.
The offering of COTI Stable Coin For Merchants solves many of the problems merchants have with cryptocurrencies. COTI can foresee that it will be adopted by many, adding substantial processing fees to the Treasury, alongside Network fees and Minting fees.
This ties into COTI’s Treasury as the processing fees, burn and mint fees will also go into the Treasury accordingly. Network fees and Full node fees from Trustchain will also be allocated to the Treasury.
As the Treasury will hold a massive amount of $COTI, COTI and its community will be proposing to allocate some of this $COTI to offer important services to our user base, to name a few:
Any major token ecosystem should allow its users (merchants, stakers and others) to borrow and lend its tokens. COTI is building an independent ability to allow users to borrow and lend COTI. When the Treasury is big enough, some of it will be made available for users to borrow. Dynamics like rates and collateral will be determined by the Treasury algorithm and those who govern the Treasury. Any fees, interests or collateral deposited will be added to the Treasury.
Having a COTI bank account means having a real crypto-friendly bank account while being able to enjoy the advantages of a European bank account, including an IBAN. COTI is about to launch COTI’s bank accounts and debit cards. The first test cards have arrived and COTI users will soon be able to purchase online and in-store, using their COTI Pay debit cards. In the coming months, COTI will integrate the COTI bank accounts directly into the COTI Pay VIPER wallets, and will be adding more features such as VIP cards and plans.
When managing assets, diversification is key. The Treasury could be actively diversified, at a rate and policies that will be determined by those who govern it. The proceeds of such diversification will be naturally part of the Treasury and will contribute to its growth.
Ecosystem and Partnerships
It’s clear that COTI has been actively growing its ecosystem, but COTI’s priority is to use Trustchain, as it’s a great layer 1 protocol for many use cases. However, interoperability is key here. Ethereum essentially governs DeFi, so COTI may want to build on other chains moving forward. In turn, COTI needs a way to expand its Treasury when building on other chains.
COTI is determined to streamline rewards to its Treasury for projects outside of Trustchain. For example, fees generated by CVI can be streamlined towards the Treasury — $GOVI tokens converted to $COTI. More importantly though, everything built on Cardano, like ADA Pay, will also be converted to $COTI and then placed in the Treasury (ADA will be converted to $COTI). Fiat fees coming in from banking solutions such as COTI’s upcoming release with Simplex of Bank Accounts and VISA Debit card will also go into the Treasury. In turn, users will always be compensated, even when COTI develops outside of the Trustchain.
Being able to work where liquidity, or a dominating technology is, while knowing this benefits COTI’s core Treasury, allows COTI a lot of freedom to leverage opportunities and grow its ecosystem.
Trustchain and Network Backbone
All of the services and use cases that have been presented so far, and those yet to be presented in the future, require a robust network. The upcoming release of Mainnet 2.0 will grow COTI’s scale, but it doesn’t plan on stopping there.
COTI’s R&D team continues to develop and explore ways in which the next leap of COTI’s trustchain will include new ways to use capabilities that are unique to COTI network, like Trust score, to decentralize the Treasury and improved MultiDAG to support the predicted growth of Stable Coins and Enterprise Tokens. Interoperability features and building blocks, such as EVM compatibility and Smart Chains, will also be introduced to offer COTI services to an even wider audience.
By definition, everything that is built on the Trustchain pays network fees payable in $COTI coins. The Treasury will represent a major part in these products, so these fees will be added to the Treasury.
Even more so, as COTI will launch the Treasury, ALL network services will pay their fees directly to the Treasury. These include the interoperability bridge and COTI-X (COTI’s fiat to crypto solution), which will all pay the Treasury and not COTI.
Summary – how the Treasury grows:
COTI’s ecosystem will grow and thrive in the coming years, creating a lot of value to $COTI holders.
COTI’s upcoming Treasury model combines the best of DeFi and COTI’s staking 3.0 program. COTI expect its Treasury to capture hundreds of millions of USD in value.
The Treasury will grow as COTI’s core services continue to grow, while introducing new services that will grow the demand for $COTI and will streamline $COTI fees to the Treasury:
The future looks bright and COTI has begun building it today.
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