gCOTI, the COTI Governance Token, represents a significant advancement in the COTI ecosystem, empowering community governance over COTI's Treasury. It is the first token issued on the MultiDAG 2.0 Mainnet, based on the CMD standard, allowing Treasury participants to gain multiple benefits such as governance, APY Booster, and participation in liquidation rewards.
The launch of the COTI Foundation marked a pivotal moment, establishing a structured entity to oversee the development and governance of the COTI ecosystem. This foundation plays a crucial role in ensuring the stability and growth of the network.
In November 2021, the Mainnet 2.0 launch was a highly anticipated event. This upgrade introduced significant improvements in scalability, security, and functionality, laying the groundwork for future developments, including the issuance of gCOTI.
The introduction of gCOTI in 2023 was another milestone. This token enabled community members to participate actively in the governance of the COTI Treasury, enhancing the decentralized nature of the ecosystem. The implementation of a new APY Boost further incentivized participation, offering higher returns for those staking their tokens.
The launch of Djed on the Cardano mainnet was a significant event, showcasing COTI's interoperability and its ability to integrate with other major blockchain networks. This stablecoin, developed in collaboration with Cardano, aimed to provide a reliable and scalable solution for decentralized finance (DeFi) applications.
COTI's first PPN (Private Payment Network) and its associated token were introduced in a soft launch, highlighting the network's commitment to privacy and security. This development aimed to offer users a more private and secure transaction environment, addressing growing concerns about data privacy in the blockchain space.
Support for $COTI on Binance Pay was another key event, expanding the utility and accessibility of the token. This integration allowed users to make payments using $COTI, further embedding the token into the broader cryptocurrency ecosystem.
COTI's participation in the Central Bank of Israel's CBDC project underscored its potential to influence the future of digital currencies. This involvement demonstrated COTI's capability to contribute to national-level financial innovations and its readiness to collaborate with traditional financial institutions.
Plans to establish COTI as the first privacy-centric Ethereum Layer 2 were announced, aiming to enhance privacy features while leveraging Ethereum's robust infrastructure. This initiative sought to address privacy concerns and provide users with more control over their transaction data.
These events collectively highlight the dynamic and evolving nature of the COTI ecosystem, driven by continuous innovation and strategic partnerships.