COTI has announced its listing on the Indian crypto exchange WazirX. With this listing, COTI will be added with a Tether (USDT) cryptocurrency pair COTI/USDT on WazirX. Listing of COTI on WazirX was always on the card after Binance. It acquired WazirX in November 2019.
What is COTI?
COTI is an acronym for “Currency of the Internet.” It is the world’s first directed acyclic graph (DAG)-based blockchain protocol optimized for seamless and scalable payments and designed for payment decentralized applications (dApps). Moreover, it is fast and secure and can facilitate thousands of transactions per second.
COTI integrates distributed ledger technologies with traditional payment networks. It is secured with the Proof of Trust consensus algorithm, which enables crypto users to achieve lower fees as well as get higher payouts and better quality of service. It comes with various features advantageous for both investors and crypto traders.
- Low-to-zero fees
- Increased cash flow
- Micropayment processing
- Secure and private payments network
- Buyer-seller protections
- Instant payments
- Simple peer-to-peer (p2p) payment
What Is WazirX?
WazirX is a cryptocurrency exchange that was launched in 2018 to make cryptocurrency accessible to people in India. It is now India’s largest cryptocurrency exchange run by Binance. WazirX has its own utility token WRX.
To make more profits by trading Bitcoin and cryptocurrencies on crypto exchanges, both investors and crypto traders take the help of automated cryptocurrency trading software like Bitcoin Loophole. The software can be used in both automated and manual trading modes. In manual mode, the investor executes the trading, while in automated mode, the trading robots do all the work.
COTI has a vision of empowering organizations to build their own payments network and digitize any currency. With the mass adoption of digital currencies and as a part of its plan to expand globally, COTI has decided to list its payments system on WazirX. In another announcement, WazirX will be hosting a trading contest with a reward of ₹5,35,000 worth of COTI.