What is gCOTI?
gCOTI is the COTI Treasury Governance Token. gCOTI empowers community governance over COTI's Treasury for the first time ever. It is the first token to be issued on top of the MultiDAG 2.0 Mainnet, based on the CMD (COTI MultiDAG) standard. The introduction of gCOTI allows Treasury participants to gain multiple benefits from COTI’s Treasury such as: Governance, APY Booster and participation in liquidation rewards.What is gCOTI?
gCOTI is the COTI Treasury Governance Token. gCOTI empowers community governance over COTI's Treasury for the first time ever. It is the first token to be issued on top of the MultiDAG 2.0 Mainnet, based on the CMD (COTI MultiDAG) standard. The introduction of gCOTI allows Treasury participants to gain multiple benefits from COTI’s Treasury such as: Governance, APY Booster and participation in liquidation rewards.What is COTI Governance Token?
COTI Governance Token (gCOTI) is a pivotal element in the COTI ecosystem, designed to facilitate decentralized governance. As the native token of the COTI network, gCOTI empowers holders to vote on network proposals and participate in governance decisions, ensuring a community-driven approach to the network's evolution.gCOTI is the official issuer of Cardano's stablecoin, Djed, and plays a significant role in the Central Bank of Israel's CBDC project. This involvement underscores its importance in the broader blockchain and financial technology landscape. Additionally, gCOTI has launched its own foundation and successfully introduced its first client Private Payment Network solution, along with the Delta Platinum INR token.
The token is the first to be issued on the MultiDAG 2.0 Mainnet, adhering to the CMD (COTI MultiDAG) standard. This technological foundation allows gCOTI to offer multiple benefits to Treasury participants, including governance, APY Booster, and participation in liquidation rewards. The introduction of a new APY Boost of 1600% further enhances its appeal to investors and participants.
Moreover, gCOTI is now supported by Binance Pay, expanding its usability and integration within the cryptocurrency ecosystem. This support facilitates seamless transactions and enhances the token's accessibility to a broader audience.
What is the technology behind COTI Governance Token?
The technology behind the COTI Governance Token (gCOTI) is a fascinating blend of advanced cryptographic techniques and innovative blockchain architecture. At its core, gCOTI operates on the COTI V2's Garbled Circuits, a technology that is 1000 times faster and 250 times lighter than many existing privacy solutions. This makes transactions not only swift but also highly efficient in terms of computational resources.Diverging from traditional blockchain structures, gCOTI is built on Directed Acyclic Graph (DAG) technology. Unlike conventional blockchains where transactions are grouped into blocks and linked in a linear sequence, DAG allows transactions to be linked in a web-like structure. This architecture significantly enhances the scalability and speed of the network, enabling it to handle a higher volume of transactions with lower fees.
Security is a paramount concern in any blockchain system, and gCOTI addresses this through multiple layers of protection. The DAG structure itself is inherently resistant to certain types of attacks, such as double-spending, because each transaction must reference previous transactions, creating a complex web that is difficult to manipulate. Additionally, the use of Garbled Circuits adds an extra layer of cryptographic security, ensuring that transaction data remains private and tamper-proof.
gCOTI is part of a larger ecosystem that includes the MultiDAG 2.0 Mainnet, based on the CMD (COTI MultiDAG) standard. This ecosystem is designed to offer a range of features such as low transaction fees, rapid transaction times, and compatibility with Ethereum. The MultiDAG 2.0 Mainnet allows for the issuance of multiple tokens on the same network, enhancing the versatility and utility of the platform.
Governance is a key aspect of gCOTI, empowering the community to have a say in the management of COTI's Treasury. This is the first time that such governance capabilities have been introduced, allowing participants to influence decisions and policies. The governance mechanism is designed to be transparent and democratic, giving token holders the ability to vote on various proposals and changes.
In addition to governance, gCOTI offers other benefits to its holders, such as APY Boosters and participation in liquidation rewards. These features incentivize active participation in the ecosystem, fostering a vibrant and engaged community. The APY Booster, for instance, allows users to earn higher returns on their staked assets, while liquidation rewards provide additional incentives for maintaining the health and stability of the network.
The integration of gCOTI with Ethereum further extends its functionality, enabling interoperability with one of the most widely used blockchain platforms. This compatibility allows for seamless interaction with Ethereum-based applications and services, broadening the scope and reach of the COTI ecosystem.
The combination of DAG technology, Garbled Circuits, and the MultiDAG 2.0 Mainnet creates a robust and versatile platform for gCOTI. This technological foundation not only ensures high performance and security but also provides a range of features that enhance the overall user experience.
What are the real-world applications of COTI Governance Token?
gCOTI, the COTI Governance Token, is a pivotal element within the COTI ecosystem, offering a range of real-world applications that cater to both the tech-savvy and those less familiar with cryptocurrency. As the first token issued on the MultiDAG 2.0 Mainnet, gCOTI empowers community governance over COTI's Treasury, allowing participants to influence key decisions and benefit from various incentives.One significant application of gCOTI is its role in the Central Bank of Israel's CBDC project. This involvement highlights gCOTI's potential in shaping the future of digital currencies on a national level. Additionally, gCOTI provides privacy-centric infrastructure for Ethereum Layer 2, ensuring secure and confidential transactions within the blockchain ecosystem.
In the realm of private payments, gCOTI facilitates confidential transaction history, making it an ideal choice for users who prioritize privacy and security. This feature is particularly relevant in today's digital age, where data protection is paramount.
Another notable application is real-world asset tokenization. gCOTI enables the conversion of physical assets into digital tokens, streamlining transactions and enhancing liquidity. This process simplifies the buying, selling, and trading of assets, making it accessible to a broader audience.
Within the COTI ecosystem, gCOTI plays a crucial role in governance decisions. Token holders can participate in voting processes, influencing the direction and development of the platform. This democratic approach ensures that the community's voice is heard and valued.
Furthermore, gCOTI offers benefits such as APY boosters and participation in liquidation rewards, providing additional incentives for users to engage with the COTI Treasury. These features enhance the overall user experience and encourage active participation in the ecosystem.
gCOTI's focus on privacy and decentralization, combined with its unique approach to governance, sets it apart in the cryptocurrency landscape. By addressing real-world needs and offering tangible benefits, gCOTI demonstrates its potential to make a lasting impact on the way digital assets are managed and utilized.
What key events have there been for COTI Governance Token?
gCOTI, the COTI Governance Token, represents a significant advancement in the COTI ecosystem, empowering community governance over COTI's Treasury. It is the first token issued on the MultiDAG 2.0 Mainnet, based on the CMD standard, allowing Treasury participants to gain multiple benefits such as governance, APY Booster, and participation in liquidation rewards.The launch of the COTI Foundation marked a pivotal moment, establishing a structured entity to oversee the development and governance of the COTI ecosystem. This foundation plays a crucial role in ensuring the stability and growth of the network.
In November 2021, the Mainnet 2.0 launch was a highly anticipated event. This upgrade introduced significant improvements in scalability, security, and functionality, laying the groundwork for future developments, including the issuance of gCOTI.
The introduction of gCOTI in 2023 was another milestone. This token enabled community members to participate actively in the governance of the COTI Treasury, enhancing the decentralized nature of the ecosystem. The implementation of a new APY Boost further incentivized participation, offering higher returns for those staking their tokens.
The launch of Djed on the Cardano mainnet was a significant event, showcasing COTI's interoperability and its ability to integrate with other major blockchain networks. This stablecoin, developed in collaboration with Cardano, aimed to provide a reliable and scalable solution for decentralized finance (DeFi) applications.
COTI's first PPN (Private Payment Network) and its associated token were introduced in a soft launch, highlighting the network's commitment to privacy and security. This development aimed to offer users a more private and secure transaction environment, addressing growing concerns about data privacy in the blockchain space.
Support for $COTI on Binance Pay was another key event, expanding the utility and accessibility of the token. This integration allowed users to make payments using $COTI, further embedding the token into the broader cryptocurrency ecosystem.
COTI's participation in the Central Bank of Israel's CBDC project underscored its potential to influence the future of digital currencies. This involvement demonstrated COTI's capability to contribute to national-level financial innovations and its readiness to collaborate with traditional financial institutions.
Plans to establish COTI as the first privacy-centric Ethereum Layer 2 were announced, aiming to enhance privacy features while leveraging Ethereum's robust infrastructure. This initiative sought to address privacy concerns and provide users with more control over their transaction data.
These events collectively highlight the dynamic and evolving nature of the COTI ecosystem, driven by continuous innovation and strategic partnerships.
Who are the founders of COTI Governance Token?
gCOTI, the COTI Governance Token, represents a significant step in community governance over COTI's Treasury. The founders of COTI Governance Token are David Assaraf and Samuel Falkon, with Shahaf Bar-Geffen serving as the current CEO. Shahaf Bar-Geffen brings a diverse background in the tech industry, particularly in digital media advertising, positioning him well to lead a cryptocurrency company. David Assaraf and Samuel Falkon have been instrumental in the creation and development of gCOTI, leveraging their expertise to establish a robust governance framework within the COTI ecosystem.| Website | coti.io/ |
| Website | coti.io/files/treasury2.0_lp.pdf |
| Socials | twitter.com/COTInetwork |
| Socials | t.me/COTInetwork |
| Contracts | 0xAf2C...9fB51d |
| Explorers | explorer.coti.io/ |
