What is the issuance and circulation of COTI?

COTI's carefully architected issuance and circulation model fosters long-term holding, reduces inflation, and enhances the value of its native currency within the Internet of Things ecosystem.

Nov 02, 2024 at 08:04 pm

COTI's Issuance and Circulation

COTI (Currency of Things) is a blockchain platform designed for the Internet of Things (IoT). Its native cryptocurrency, also known as COTI, plays a crucial role in the functioning of the platform.

Issuance

COTI's total token supply is capped at 2,000,000,000 tokens. The issuance of COTI tokens began in December 2019 through a series of public and private investment rounds.

Initial Coin Offering (ICO): COTI raised $63 million in its public ICO, which ran from December 17, 2019, to January 11, 2020.
Private Sale: COTI also conducted a private sale, which concluded in December 2019, raising an undisclosed amount of funds.

Distribution

COTI tokens were initially distributed according to the following breakdown:

Public ICO: 47%
Private Sale: 21%
Team and Advisors: 16%
Foundation: 6%
Ecosystem Reserve: 10%

Circulating Supply

The circulating supply of COTI tokens is the number of tokens that are freely available for trading. As of January 1, 2023, COTI's circulating supply is approximately 1,100,000,000 tokens.

Tokenomics

COTI's tokenomics are designed to incentivize long-term holding and minimize inflation. The token has a limited supply and is regularly burned through various mechanisms, such as transaction fees and rewards for staking. This process reduces the overall circulating supply and increases the value of each remaining token.

Conclusion

COTI's issuance and circulation model are carefully crafted to support the platform's long-term sustainability and growth. By limiting the supply and employing deflationary mechanisms, COTI aims to create scarcity and drive the value of its currency.

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