ICO Insights - COTI review
A short informative review of the COTI project focused on the team, technology and token analytics. All information is valid on April 12, 2018 unless stated otherwise.
Website
“As seen on” contains:
- 2 paid advertisement articles: Investing.com; CCN
- 1 article where COTI CTO Adam Rabie (left COTI on an unknown date) makes a comment: Cointelegraph
- 3 articles where COTI is mentioned together with several other projects: TechCrunch; Inc.; Forbes
Note: 2 of these articles are from the time when Nir Gazit was Founder and CEO (left COTI in December 2017)
Community (as of April 16, 2018)
- ~22,600 members on Telegram
- ~11,700 followers on Twitter (3535 Twitter bounty submission)
- ~6,600 followers on Facebook (7116 Facebook bounty submission)
Bounty program worth $232.5k in project tokens; ~11,200 submissions to join the bounty program on April 16, 2018.
Technical solution
New DAG blockchain with an unknown PoW mechanism, processing up to 10,000 transactions per second.
No publicly available showcase.
According to the whitepaper, simulations of transaction processing were done; source code is not available.
COTI will run (have control over) Trust Score Servers. Trust Score decides on transaction speed and cost.
COTI will run (have control over) KYC / AML DB servers. Users who don’t provide documentation for KYC / AML can send transactions at <= 1 COTI ($0.1 in ICO price), organizations that don’t provide documentation for KYC / AML can’t initiate nor receive any transactions. Merchants and financial institution must provide additional data to COTI on their business activities, licenses (if applicable), bank references, auditing reports, etc.
Group of Mediators will decide on disputes; merchants can appoint a mediator / user can be invited to join mediators by their Trust Score (exact process is unknown).
GitHub activity
Repository only for the technical whitepaper exists.
ICO Smart Contract not available.
Token Smart Contract not available.
ICO metrics
COTI token, 600,000,000 tokens for sale; $30,000,000 ICO hard cap.
Token contract address: unknown.
Total token supply: 4,000,000,000.
Base token price: 1 COTI = 0.1 USD.
Private sale:
- minimum contribution $50,000 USD
- selectable lock-up period: 6 months for 5% bonus; 12 months for 10% bonus; 24 months for 20% bonus
Public sale:
- no minimum contribution
- selectable lock-up period: 0 months for 0% bonus; 6 months for 5% bonus; 12 months for 10% bonus; 24 months for 20% bonus
Unsold tokens will be moved to team reserve.
2,000,000,000 COTI tokens can be released after main net launch with Mediators approval, their use and ownership is unknown.
All information stated above is unconfirmed due to publicly unavailable Token Smart Contract and ICO Smart Contract.
Team (based on LinkedIn profiles)
Shahaf Bar-Geffen (CEO)
- joined COTI in January 2018
- Currently active also as a Co-Founder and CEO of WEB3, Co-Founder and Director of Positive Mobile and Co-Founder and Director of Maple.
- prev. experience: projects mentioned above since college graduation
Erol Hallufgil (Research and Software Engineer)
- joined COTI in November 2017
- Currently active also as a Developers Team Leader in TechChain Solutions.
- prev. experience: unknown
Tal Dadia (Research Engineer)
- joined COTI in January 2018
- Currently active also as a Blockchain Academic Researcher in IDC Herzliya, Student of Law until 2019 and Student of Financial Economics until 2020.
- prev. experience: Visiting Researcher, Business Development and Marketing, Israel Program Manager Hessian Israel Partnership Accelerator
Yoni Neeman (Software Engineer)
- joined COTI in February 2018
- prev. experience: Entrepreneur, Software Engineer
Stav Perle (Cryptographer)
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Anton Suslonov (Data Science)
- joined COTI in January 2018
- Currently active also as a CEO and Founder of an unspecified company
- prev. experience: unknown
Eyal Wagner (Legal and Compliance)
- joined COTI in 2017, month unknown
- prev. experience: Group General Counsel, CEO, General Manager, Business Development Manager
Yair Lavi (Operations)
- joined COTI in November 2017
- Currently active also as a Financial Services Consultant in FX, CFD, Blockchain
- prev. experience: CEO and Finance Director, Financial Planning and Analysis Management, Valuation and Strategy Supervisor
David Assaraf (Co-Founder; Business Development)
- joined COTI in June 2017
- prev. experience: Member Board of Directors, Chief Internal Auditor, Examiner, Financial Advisor
Gilad Hirsch (Finance)
- joined COTI in November 2017
- Currently active also as Founder of Hirsch Financial Management
- prev. experience: Financial Risk Manager, Onsite Examiner, Auditor
Neta Salomon (HR)
- joined COTI in July 2017
- Currently active also as an HR manager for two companies.
- prev. experience: HR, Recruit Manager, Hardware Recruit Manager
Samuel Falkon (Co-Founder; Community)
- joined COTI in January 2017
- Currently active also as Founder of Gil Scott Ltd.
- prev. experience: Entrepreneur, International Sales Manager
Andy Chin (Software Engineering)
- Untraceable person by name, picture or provided information.
Tamar Drachli (Social)
- joined COTI in September 2017
- prev. experience: Affiliate Marketing Manager, Film Director, Creative Director, Content Manager
Jared Ungar (Business Development)
- joined COTI in October 2017
- prev. experience: Sole-distributor, Business Development Manager, Project Manager, Sales Executive
Carlos M. Martins (Gibraltar Business Director)
- joined COTI in October 2017
- Currently active also as an Investor Fund Director in EIF Directorships, Tutor in University of Gibraltar, Multidisciplinary Independent Consultant
- prev. experience: Director, Compliance Officer and MLRO, Trainer, Senior Associate Director, Vice President
Anna Bocharov (Community)
- joined COTI in September 2017
- prev. experience: Client Relations Coordinator
Oriane Maire (Community)
- joined COTI in September 2017
- Currently active also as a Distributeur Independant in Kyani
- prev. experience: Shift Leader and Team Leader, Customer support
Yaniv Dadon (Software Development)
- joined COTI in January 2018
- prev. experience: Frontend Developer, Full Stack Developer, Technical Support
Backers and Advisors
Dr. Matt McBrady
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Steven Heilbron
- LinkedIn profile not found — unconfirmed.
Greg Kidd
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Avi Chesed
- Advisor since 2017
Sebastian Stupurac
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Stas Oskin
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Ophir Gertner
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Jon Avganim
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Theofanis Alexoudas
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Dr. Zvi Gabbay
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Prof. Martin Fochmann
- Advisor since November 2017
Sean Melnick
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Dr. Stephan Wessel
- No entry regarding COTI in their LinkedIn profile — unconfirmed.
Dr. Stefan Hlawatsh
- Advisor since September 2017
Missing information
What is the benefit of an early investment if the currency should have a stable value?
What are the guarantees that the COTI team won’t have a control over the majority of Mediators?
How will the data on Trust Score Server be secured?
How will the data on KYC / AML Servers be secured, especially merchant and finance institution data?
What are the guarantees that COTI won’t use their customer data to create more profit?
How will the exchange rate between the COTI Ethereum token and the COTI blockchain token be calculated? What value will the new COTI blockchain token hold?
How will the 2,000,000,000 COTI tokens releasable after the main net launch be managed?
How will the ICO earnings be protected from theft or abuse?
How much from the ICO earnings will be converted to fiat? How much will be kept in cryptocurrencies? If project decides to speculate on cryptocurrency growth and the market collapses instead, the project might get into financial problems.
Disclaimer: The above is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
