You have no obligation to make an actual purchase when the token sale starts.
COTI is a payments transaction network that was built from the ground-up to solve the payments challenges of today. Developed by payments industry veterans, COTI combines the best of traditional payments systems with the best of blockchain technologies to offer the fastest, easiest, most cost-effective and most trusted way to pay. COTI will be holding a token sale for its native currency, for more details refer to the Overview Document and Technical Whitepaper.
A token sale, sometimes referred to as an initial coin offering (ICO), is form of crowd-funding for digital currency-related projects. In token sales, purchasers buy units of a new currency in exchange for legal tender or other digital currencies, such as Bitcoin or Ethereum.
Participating in COTI’s token sale will be straight-forward. Enter your email in the form provided above to receive a notification when the details of the token sale are released. During the sale, tokens will be available for purchase using card, bank wire, Bitcoin and Ethereum. Any COTI tokens that you purchase will be delivered to you at the end of the token sale.
Tokens are currently being sold to a small group of strategic advisors. This phase of the sale is nearly complete. When this phase ends, COTI will release details of the next phase – the first opportunity for members of the public to obtain COTI tokens.
The total amount of COTI tokens available for sale is limited. Once the cap is reached the sale will be closed.
Legal & Compliance (10%)
COTI will use proceeds to lay built a robust, global licensing footprint for its various services – wallets, exchange and payment services.
COTI will fund the development program encompassing the base layer protocol, the exchange, the consumer and mediator client applications, merchant integration tools, and more.
Marketing to merchants and consumers will be a key aspect of fuelling the COTI network, building acceptance of COTI’s wallet.
Merchant Services (12%)
Covers the delivery and maintenance of the non-software merchant services, including hedging services.
A portion of the proceeds will be set aside as reserve funds for future deployment of the market-maker, legal and compliance, or R&D (depending on requirements for network expansion).
COTI’s automated market-maker will be seeded with capital in order to establish a healthy functioning market for COTI and other currencies flowing through the network.
COTI Fund (10%)
A portion of the proceeds will be set aside to invest in, and assist, other ventures that build upon COTI's technology.
Operational Expenses (7%)
Covers various operational expenses that will be incurred by COTI.