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.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

MUBARAK

$0.1134

46.93%

Trade Now
BNX

$1.5748

40.24%

Trade Now
AUCTION

$34.9907

25.91%

Trade Now
VANA

$7.0572

25.22%

Trade Now
ARC

$0.0606

20.25%

Trade Now
ULTIMA

$19,318.1442

12.84%

Trade Now

Latest Crypto News

With the Stroke of a Pen, Kentucky Stands on the Brink of a Technological Revolution
2025-03-17 12:52:18
Sitting On Your Hands? Cryptocurrency Whales Prepare For Next Bull Run, Adding Solana and Coldware Into The Mix
2025-03-17 12:52:18
XRP Price Has Tumbled 8% Over the Weekend, Hitting $2.3 at Press Time
2025-03-17 12:50:56
Whales Increase ETH Holdings During Price Dips
2025-03-17 12:50:56
Bitcoin (BTC) Price Prediction: Polymarket Suggests a Chance for a Surge
2025-03-17 12:45:56
Aave Labs launches Horizon RWA product, but faces community opposition
2025-03-17 12:45:56

Related knowledge

What is Ethereum’s Slashing mechanism and how to punish malicious behavior?

Feb 20,2025 at 03:08am

Key PointsOverview of slashingDifferent types of slashing in EthereumIncentives and consequences of slashingIdentifying and reporting slashed validatorsOngoing discussions and potential improvementsEthereum's Slashing Mechanism: Punishing Malicious BehaviorEthereum's slashing mechanism is an essential tool for ensuring network security and punishing mal...

What is the verifier node of Ethereum and how to become a verifier?

Feb 19,2025 at 06:00pm

The Verifier Node of Ethereum: A Comprehensive GuideKey Points:What is a Verifier Node?How to Become a Verifier NodeResponsibilities and Rewards of a Verifier NodeMinimum Requirements for Becoming a Verifier NodePotential Difficulties in Running a Verifier Node1. What is a Verifier Node?A Verifier Node is an independent entity on the Ethereum network th...

What is Ethereum’s staking, and how to participate and earn money?

Feb 19,2025 at 04:37pm

Key Points:Understanding Ethereum's Staking MechanismSteps to Participate in StakingBenefits and Rewards of StakingSecurity and Risk ConsiderationsTechnical Requirements and Hardware OptionsPotential Challenges and Troubleshooting TipsFAQs on Ethereum StakingWhat is Ethereum's Staking?Proof-of-Stake (PoS) is a consensus mechanism used in blockchain netw...

What is Ethereum’s DAO (Decentralized Autonomous Organization) and how does it work?

Feb 20,2025 at 03:12am

Key PointsDefinition and Structure of a DAOGovernance and Decision-Making in DAOsBenefits and Use Cases of DAOsChallenges and Limitations of DAOsWhat is Ethereum's DAO (Decentralized Autonomous Organization) and How Does It Work?Definition and Structure of a DAOA Decentralized Autonomous Organization (DAO) is an innovative governance and management fram...

What is Ethereum's multi-signature wallet and how to improve security?

Feb 20,2025 at 02:18pm

Key Points:Understanding the Concept of a Multi-Signature WalletBenefits and Drawbacks of Multisig WalletsRequirements for Setting Up a Multisig WalletStep-by-Step Guide to Generating a Multisig WalletImplementing Strategies for Enhanced Security1. Understanding the Concept of a Multi-Signature WalletA multi-signature (multisig) wallet in the Ethereum e...

What is Ethereum's oracle and how to provide data for smart contracts?

Feb 21,2025 at 01:30am

Key Points:Understanding the concept of oracles in EthereumExploring different types of oraclesDetailed guide on how to provide data for smart contractsAddressing potential challenges and considerationsWhat is Ethereum's Oracle?Oracles are crucial components in the Ethereum ecosystem, enabling smart contracts to access real-world data and off-chain even...