COTI (Currency of the Internet) is a layer 1 blockchain platform offering decentralized payment solutions for a secure, scalable, and instant payment system that supports fiat and crypto payments. It provides a digital fintech platform designed for merchants, governments, and stablecoin issuers, eliminating intermediaries and empowering organizations to build their private payment solutions using COTI's Trustchain protocol.
COTI aims to bridge the gap between traditional finance and the crypto world. It has introduced banking services and VISA debit cards, allowing a direct and transparent connection between fiat and cryptocurrencies, thus increasing adoption and use cases.
COTI has its native cryptocurrency called COTI, which plays a vital role in the network. COTI tokens are used for various purposes, including as a means of payment within the COTI ecosystem and for staking to earn rewards for transaction approval.
The COTI staking model allows users to stake their COTI tokens and earn rewards for participating in transaction approval. This staking model is designed as a competitor to DeFi income models and creates a natural hedge price between transactions denoted in traditional currencies and node operator fees.
