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

https://github.com/coti-io

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)

Team evolution based on LinkedIn profiles

Team composition based on LinkedIn profiles

Team workload based on LinkedIn profiles (without advisors)

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.