COTI Binance Community Vote Round 4 — How to Vote Guide
COTI is thrilled and excited to have been chosen by Binance to participate in the Binance Community Round 4 vote!
In order for COTI to be listed on Binance, we will of course need to win the vote!
Below is how our community can help vote for COTI. Remember, if COTI wins the vote, 28m COTI will be rewarded to those who voted for us!
The community vote starts on 2019/12/12 4:00 AM (UTC) and closes at 2019/12/13 4:00 AM (UTC).
The voting window is for 24 hours only!
How to vote?
Step 1:
Register/login to Binance exchange account — https://www.binance.com
Step 2:
The number of votes each user receives will be determined by their 6-day average (hourly snapshots) BNB holdings from 2019/12/06 0:00 AM (UTC) to 2019/12/12 0:00 AM (UTC).
If you don’t have BNB in your account — you will need to buy at least 50 BNB in order to grant one vote.
Every 50 BNB grants you one vote, up to 10 votes, as you can see in the table below:
Step 3:
Head over to this link https://www.binance.com/en/vote and vote for COTI!
Spread the word and help us win this and get listed on Binance! You can do so by sharing these social media links below -
https://www.facebook.com/COTInetwork/posts/471320933575145?__tn__=-R
For more details, please check out Binance’s official announcement here:
About COTI
COTI is a fully encompassing “finance on the blockchain” ecosystem that is designed specifically to meet the challenges of traditional finance (fees, latency, global inclusion and risk) by introducing a new type of DAG based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and is optimized for real time payments. The ecosystem includes a DAG based Blockchain, a Proof of Trust Consensus Algorithm, a multiDAG, a Global Trust System, a Universal Payment Solution, a Payment Gateway, as well as consumer (COTI Pay) and merchant (COTI Pay Business) applications.
The COTI Proof of Trust Consensus algorithm is a bespoke consensus algorithm that assigns each user on the network a Trustscore and combines it with Proof of Stake to incentivise good network behaviour that results in lower fees, higher payouts and better quality of service as compared to other networks. The COTI Global Trust System, combined with COTI’s cross chain interoperability, extends COTI’s Trustscore algorithm and allows any other blockchain to use Trustscores to identify malicious actors on their networks, or recognize and reward good actors, greatly improving the safety and security of connected blockchains.
COTI’s world first multiDAG enables COTI to issue smart contracts on DAG based infrastructure and combine independent DAG clusters into the overall COTI network. This allows enterprises to issue their own coins on COTI in a “Libra as a Service” manner. Coins issued are independent to their own multiDAG cluster while retaining the ability to access all the features of the COTI network.
The COTI network also includes an arbitration layer, an autonomous system that works as a decentralised third party to arbitrate disputes. Disputes are resolved by an arbitrator jury randomly picked from a large pool of highly trusted network participants and arbitrators are incentivised to participate in the dispute resolution by receiving an arbitration fee once a dispute is finalised. Effective and efficient dispute resolution is a long sought after goal in the decentralized finance world and similar to COTI’s Trustscore, the arbitration layer can also be connected to other blockchain networks and protocols.
The COTI coin is used as a fee mechanism on all transactions on the network, regardless of the underlying transactionary currency or DAG cluster. COTI incentivises participants in the network by allowing users to run Full Nodes, whom receive a percentage of every transaction processed by their node.
The COTI Universal Payment Solution allows consumers and merchants to purchase and sell goods and services in both crypto and fiat, via the web or PoS. Crypto payments and settlements are instantaneous while fiat settlement in 35 currencies to bank accounts is near instant. Merchants can earn interest on stable coins and apply for business loans using the COTI Pay Business app, while users can spend crypto or fiat using a virtual or physical prepaid debit card using the COTI Pay app.
COTI Social Media Links
Telegram: https://t.me/COTInetwork
Twitter: https://twitter.com/COTInetwork
Facebook: https://www.facebook.com/COTInetwork
Discord: https://discord.me/coti
