Projects with big hype always attract a lot of attention. Nothing different happened with the COTI, who collected the hard cap of their pre-sale just in 27 hours. With the actual market situation that is something to be proud of.
To sum up the pre-sale, COTI gave some data about the investors: ‘Over 77% contributors out of 4,137 were whitelisted members and 52% of them contributed the maximum amount of 1.5ETH’. The information I quoted from COTI website gave two important ‘insides’ about the project. Maximum amount worth, with the actual Ethereum rate 900 USD, is the number some projects start collecting from. What does mean for the average bread-eater? More people have a chance to be COTI holders. And as we already know, big amount of token holder is almost a one-way ticket to the moon. Almost, cause the same time private sale with minimal contribution of 50 ETH is going on. So COTI decided to make a special pool for the big whales and an aquarium for all other investors. It will be a pity if the contributors' number won’t exceed 10 thousand.
Another important information is about the whitelisted members. It seems that many have been watching COTI for a while and whitelisted long time ago. It might be a bad sign for the main sale (if there will be any) – many interested already bought their tokens. From the other side hype around COTI and splendid Pre-sale can attract even more, easy-money-wishers.
According to the information released on the COTI Telegram channel, the team is not sure either they will conduct a main-sale. It seems to be a quite a common case from ‘good, old days when ETH was worth more than 1000 USD,’ when teams were running out of the pre-sale tokens quickly and the airdrop from unsold ones was done. But this is just my prediction. The decision about the main-sale will be announced via COTI official media channels like Telegram: https://t.me/COTInetwork , Medium: https://medium.com/cotinetwork, and Twitter: https://twitter.com/COTInetwork.
If this is a first time you hear about COTI, let me shortly introduce this project. First of all, COTI is a new payment method, the blend of cryptocurrency and instant card payments. Decentralized structure and DAG technology make COTI payments cheap and efficient. Although, similarly to the card payments COTI has a high safety matter thanks to the Know Your Client (KYC) procedure and Anti Money Laundering (AML) regulation. Besides, COTI invented scoring and arbitrage system, which also increase the transactions safety. How does it work? The Trust Score servers analyse user data, user behaviour, and network payment statistics to calculate a Trust Score for each COTI network participant. To make the payment system more effective, COTI is going to have a built in exchange.
According to the COTI data, 5 000 merchants and 50 000 users already applied to the COTI network. Release of full version of COTI network is planned for July 2019. To prevent token drop before that date, COTI offers an attractive discounts for locking tokens. More details: https://coti.io/en/files/COTI-Token-Sale-Summary.pdf?v=c392fd0bc30
If you would like to learn more about the COTI project check the links below:
Website:
https://coti.io/
Whitepaper:
https://coti.io/en/files/COTI-technical-whitepaper.pdf?v=c392fd0bc30
Overview:
https://coti.io/en/files/COTI-overview-document.pdf?v=c392fd0bc30
Token policy:
https://coti.io/en/files/COTI-Token-Sale-Summary.pdf?v=c392fd0bc30
Social media:
Facebook: https://www.facebook.com/COTInetwork
Telegram: https://t.me/COTInetwork
Twitter: https://twitter.com/COTInetwork
Disclaimer: this is NOT investment advice. This is purely my opinion, based on facts found on the project website, whitepaper, social media and etc. Please do your own research and decide if it qualifies with your risk profile.
Anna Hare