COTI's $100 Million Development Fund: Focus Areas Defined

The COTI Foundation just announced the target uses and focus areas for their $100 million development fund. These funds will be allocated entirely in COTI tokens .

According to a press release shared with CryptoPotato, there will be a selection process for projects wishing to apply for funding. This process is open to all developers, with the aim of encouraging them to explore and build data-secure applications.

The COTI V2 ecosystem will be open to a variety of use cases in various areas, including decentralized finance (DeFi). The press release stated:

COTI V2 has the ability to take DeFi's TVL (Total Value Locked) to the next billion mark with confidential transactions. This allows decentralized applications (dApps) to offer new products and services, while improving the privacy and security of the services they currently offer (all while remaining compliant with regulatory requirements such as KYC).

Additional focus areas include dynamic decentralized identification, data management, artificial intelligence (AI), GameFi, and more.

COTI founder and CEO, Shahaf Bar-Geffen, spoke about this:

Since the announcement of COTI V2 in December, we have seen great interest in the space about the potential Privacy-centric innovation has to offer Web3.

Having recently achieved our first milestone by integrating GC into the blockchain for the first time, we are excited to present a clear vision and open call to all blockchain builders and thinkers to join the COTI ecosystem, starting with our upcoming Devnet.

As we reported recently, COTI implemented Garbled Circuits last week. This technology aims to deliver on-chain privacy with computing speeds up to 1000 times faster than other encryption systems.

Check Today's Crypto Market:

About COTIV2

COTI V2 is the latest version of the COTI (Currency Of The Internet) protocol. This is a major update from the previous version that aims to improve the performance, security, and functionality of the COTI ecosystem. Here are some of the key features and improvements brought by COTI V2.

1. Consensus DAY

COTI V2 introduces an improved Directed Acyclic Graph (DAG) based consensus model. This allows the network to process transactions in parallel, increasing throughput and transaction speed.

2. Proof of Trust (PoT)

PoT is a unique consensus model used by COTI V2. This allows the network to confirm transactions with high reliability and ensures network security.

3. Low Transaction Fees

COTI V2 focuses on reducing transaction costs and increasing efficiency. By using optimized technology, COTI V2 can reduce transaction costs to extremely low, making it ideal for micro and macro payments.

4. Stablecoin CSPO

COTI V2 also introduces a new stablecoin called CSPO (COTI Stablecoin Pegged to One). CSPO is designed to have a fixed rate of 1:1 against a specific fiat currency, such as the US dollar.

5. DeFi features

COTI V2 enables the integration and development of decentralized finance (DeFi) applications on top of their platform. It includes various services such as lending, exchange, staking and more.

6. Scalability and Flexibility

COTI V2 is designed to be more scalable and flexible, allowing for greater growth and development in the future.

Also read How to Buy Crypto:

How to Buy Coti (COTI) on Bittime

You can buy and sell Coti (COTI) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Coti (COTI) is available on Bittime with the market pair COTI/IDR . To be able to buy COTI IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Coti (COTI) on Bittime . 

Monitor price chart movements of Coti (COTI), Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

COTI Prices Increase Up to 50%, What's the Cause?

COTI Price Soars, Will This Token Maintain Its Momentum?

COTI Price Latest Analysis, Will the Bullish Trend Continue?

DISCLAIMER : This article is informational in nature and is not an offer or solicitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.