Weekly Updates From the COTI Team

Published in

COTI

3 min readMar 5, 2021

Over the last week, we announced a new record in COTI’s merchant monthly transaction volume of $18.6M! in successfully launched the Staking 3.0 program. We also completed the research and development on gas costs reduction for Crypto Volatility Index. Here is our weekly recap:

February marked a new record in COTI’s merchant monthly transaction volume! The transaction volume of last month grew to new heights of $18.6M thus allowing us to increase each Node capacity to 8M COTI already in April! With this growth, we will be able to welcome more new stakers to the network and upgrade current ones. https://medium.com/cotinetwork/february-staking-rewards-and-last-staking-2-0-rewards-successfully-distributed-16493d770fc8

This week, we managed to surprise you with the following release, which wasn’t planned on our roadmap: $COTI can now be purchased with Apple Pay, the popular choice for millions. https://u.today/coti-tokens-can-now-be-purchased-with-apple-pay-staking-30-launched

We launched Staking 3.0!
March 2021 marks the first month of activity for Staking 3.0 and we’d like to congratulate all participants! Over 1,300 new applicants were admitted to Staking 3.0 in the course of only 10 days. Read here all the Staking 3.0 launch stats: https://medium.com/cotinetwork/staking-3-0-is-now-live-3637a284332b

We announced that we succeeded to cut down up to 50% of gas costs off of the Crypto Volatility Index with our optimized code.
While the entire ecosystem waits for Ethereum to improve congestion, we have actively improved our contracts into reaching lower gas costs by usage data constant and thorough evaluation. We are expecting the gas to further improve upon the upcoming Ethereum option inclusion in our platform. https://cviofficial.medium.com/optimizing-gas-costs-for-the-crypto-volatility-index-how-we-have-managed-to-reduce-up-to-50-of-f4789389504b

We are happy to see that our efforts are getting top recognition by @LunaCRUSH and by CoinTrendz.com. COTI is listed alongside top coins, like our friends in the Cardano Foundation.