COTI Newsletter — September 2nd

6 min readSep 2, 2021

Double listing on two of the world’s top exchanges!

Many of you may still be experiencing the excitement of Bitcoin (BTC) breaking the $50,000 mark on August 22. Well, we’ve got some more good news! COTI also reached a monumental milestone last week.

Both Coinbase Pro and Huobi Global have listed COTI’s native coin and COTI’s ERC20 token. On August 26, Coinbase Pro listed COTI’s ERC20 version. Shortly afterwards, Huobi listed both COTI’s native coin and our ERC20 version. On Friday, August 27, Coinbase.com also listed COTI’s ERC20 token, as mentioned in their recent blog post.

We are truly humbled by this achievement, which further validates all of the hard work COTI has been doing to become a next-generation financial ecosystem. Both of these listings also come at an opportune time, as we prepare to share a glimpse into our future with a plan clarifying what users can expect next from COTI.

You can read more about our new token listing here.

Round two of Huobi’s spot deposit campaign is up and running!

To celebrate COTI’s recent listing on Huobi, the leading exchange has opened a spot deposit campaign to give eligible users a chance to win a share of 170,000 COTI!
Rules and details of this promotion can be found here.

You can read more about how to make a successful deposit here.

Cardano’s ADA reaches a record high, COTI continues to advance the ecosystem

COTI’s CEO, Shahaf Bar-Geffen, recently provided several updates on COTI’s medium to keep our community informed and up-to-date with our latest happenings. While all of these updates are important, we want to highlight our partnership with Cardano.

It’s exciting to see that Cardano’s token, ADA, reached a fresh, all-time high on August 23, climbing to $2.89, Cointelegraph data shows. Hopes for ADA to close over $3 in the coming days remain high. In the meantime, it’s notable that Cardano’s ADA is now one the biggest cryptocurrencies in terms of market capitalization.

Of course, we are thrilled about our partner’s success, and we are honored that Cardano’s ecosystem fund invested in COTI as its first major investment. Standing by our vision to grow and develop Cardano’s ADA Pay — a payment gateway for organizations looking to accept and manage ADA payments and donations — we have recently been working on scaling up ADA Pay by bringing new merchants on board. Some of these merchants are major household names and we plan to reveal our new partnerships in the coming weeks.

Additionally, we are working on another project with Cardano that will help build out their ecosystem. We plan to share more details on this as soon as Cardano makes their announcement. Overall, these new developments with Cardno illustrate growth for COTI moving forward.

$COTI wins Orion’s ‘Battle Of The Pools’

It’s also exciting to point out that soon, farming will be enabled for $COTI on Orion Protocol. On August 20, Orion Protocol sent out a tweet saying $COTI has won its “Battle Of The Pools.”

This means that liquidity providers for the COTI/BNB pool are now able to earn 0.3% pool fees and farming rewards. This news comes shortly after COTI announced its new partnership with Orion Protocol, which you can read more about here.

Mainnet 2.0 upgrade in the works

Following the listing of $COTI on tier 1 exchanges, we plan to upgrade the network to Mainnet 2.0. We have been busy working on building out Mainnet 2.0, and we will soon reveal new features that will greatly help with scalability and other critical issues. Users will not be required to make any changes or updates once we migrate to Mainnet 2.0. Mainnet 3.0 is also already in the works, as well and we plan to make that upgrade about a year from now.

As the cryptocurrency ecosystem continues to evolve, so does COTI. By upgrading our Mainnet, we are ensuring that our ecosystem can accommodate all of the developments occurring within the evolving crypto sector.

Banking and debit cards are coming soon. …

Crypto debit cards continue to be a hot topic of conversation, especially as younger generations seek ways to spend their crypto. It’s impressive to note that during the first half of this year, payments giant Visa processed over $1 billion in crypto spending. With this in mind, we are excited to share that our first testing debit and banking cards have arrived.

Shahaf shared in his recent updates that a few integration bugs have been found on the new cards, which Simplex and Visa are working on correcting. We plan to release our banking and debit cards once all of the bugs have been fixed.

NFTs are on fire…and our raffle results are in!

NFTs are undoubtedly the hottest crypto assets of 2021. NFTs aren’t just piquing the interest of retail investors either — most recently Visa acquired a CryptoPunk NFT for a whopping $150,000.

Sticking with the NFT trend this summer, we recently announced our second midseason raffle winners. These two lucky individuals have won 5,000 $COTI each! You can read more about the winners here.

We also recently announced our fourth weekly raffle winners of the Summer NFT Season. We selected 205 winners this time around. Each winner received either 15 common NFTs, 1,000 units of $COTI, 170 VIPER Collection NFTs, or 20 of our legendary NFTs.

You can read more about our fourth summer raffle results here. You can also watch the full winners’ list on our website.

Finally, we were happy to announce today the two very lucky winners of the summer seasonal raffle who have won 52,000 $COTI each!
We remind you that for a chance to win this prize you must hold all 3 Viper NFTs (1 Rare, 1 Unique and 1 Epic). Check out our Game Guide for further information on how to participate in our seasonal raffles.

Also, be sure to join our Telegram group to further discuss raffles and trade with one another.

COTI’s plan for the coming years to be revealed

In addition to our recent updates, Shahaf mentioned that he is most excited about COTI’s master plan for the coming years.

Since COTI was founded in 2017, we have been growing as a DAG-based layer-one protocol focused on the future of payments. We have developed various products over the years, including ADA Pay, Blockchain Dollars, and Ultra eWallet for gaming giant Dafabet. We have also been hard at work developing the Crypto Volatility Index, or CVI, which is a decentralized volatility index governed by the $GOVI token.

Fast forward to 2021, and the time has come to combine all of these products into one ecosystem. COTI will be transitioning our payments products into a next-generation financial ecosystem. This ecosystem will offer services for merchants, enterprises and our everyday users. In order to make this dream a reality, we’ve been recruiting new developers and business development officers. We are preparing for some major developments moving forward, so be sure to stay tuned on what’s to come.

Meet the team behind COTI

COTI has been welcoming a number of new hires to the team recently! Here are a few new faces at COTI:

Please meet Vladi Piliavsky who is a Software engineer and a backend developer with experience developing decentralized applications for the Ethereum and EOS blockchains. Vladi is a B.Sc graduate in software engineering from Afeka college of engineering.

Please meet Yovel Sapir, who is a full stack developer with experience developing web applications by using advanced web technologies and frontend UI/UX solutions. In the past 3 years, he worked as a freelancer and led multiple projects.

Please meet Sharon Langer, who is a backend developer passionate about developing fast, robust and scalable applications using java and spring framework. In the past he worked in Intel, Broadcom and SAP. He is a B.Sc graduate in computer science from the Technion, Israel Institute of Technology.