Lottie is an investor on COTI and has been for many years yet he has decided to sell due to the changing tokenomics. For those that do not know COTI has a maximum supply of 2 billon COTI ad will change once COTI transforms to become an Eth L2 token called COTI V2.
What COTI V2 offers nothing else even comes close and the partnerships they already have busy developing on other blockchains will make COTI V2 the leading Eth L2 token next year.
The 13 million or so COTI V2 tokens being created every 5 days will only come into play once COTI V2 goes live and not before. This we knew from long ago and s not a recent surprise with an estimated circulating supply to be around 3 billion COTI V2 in the future.
That is a 50% increase in supply yet I have no concerns due to knowing that there is goin to be a far higher demand due to the COTIV2 privacy tech. One also has to think he timing off this new launch is going to be around March 2025 and most likely in the middle of a bull cycle stage.
The announcements and partnerships that will be taking place will be major events and we shall expect to see many of these over the next 6 months. The big difference to these announcements and others that we have seen and experienced before is these will be announcements of working applications using COTI V2 tokens across various blockchains. The need to create more tokens was out of necessity and demand.
Adding an extra billion tokens to the supply over many months would be terrible for investors if that crypto had not added new developments or tech. The value would have been diluted and even I would be heading for the hills yet I am still here accumulating whatever I can.
One has to always look at the bigger picture and why research will tell you the answers you are seeking. Up till know COTI has done remarkably well but in order to grow into the future it needed to develop and transform into providing services that were very much needed. COTI was offering private payment networks known as a PPN but came up against many obstacles with one being privacy.
Big companies were not using crypto or blockchains for payments due to having no privacy. We do not know who the big client was at the time COTI was in discussion with regarding their PPN, but more importantly they listened and developed what was required.
When COTI V2 goes live sometime in Q1 next year we know there are over 100 real life applications that will launch at the same time. Some of you may recall there was a private health care group that wanted to use crypto as a payment network not only for customers paying for treatment, but also for paying their staff.
I the last few weeks we know SOL, ATOM, ADA and many others are already on board using COTI V2 technology. I never included Eth into this as by then COTI V2 would already be an Eth L2 token offering so much more than what the other L2 tokens have been offering.
When you start to add up all the applications ad demand they are literally endless and 3 billion tokens is nothing considering what this privacy tech is offering.
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