COTI FOUNDATION CHANNEL
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Welcome to the COTI Foundation Official Telegram Channel! Here you will find all the news and updates from the COTI team. Got any questions? Chat with us in our official group https://t.me/COTInetwork
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APY Boost Update
Given our unwavering commitment to security as a top priority, we’d like to inform you that the newly selected APY Boost (1600%) will come into effect in mid-December. We are currently undergoing intensive testing to ensure a smooth implementation, all the while dedicating substantial effort to the development of the PPN solution. We appreciate your understanding.
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Introducing the biggest upgrade of our infrastructure to date:
COTI V2: a Privacy-Centric Ethereum L2

While transparency is a critical feature of blockchain, the inability to protect the information that should be private is harmful to users and to the potential growth of Web3 as an industry.

COTI V2 will ensure lightning-fast, scalable privacy on L2 while utilizing the security and liquidity of Ethereum.

COTI’s research breakthrough on Garbled Circuits will make COTI’s infrastructure 10X faster and lighter than existing ZK solutions. It opens up countless use cases.

Everything that made COTI V1 great comes with us: global tier1 listings, private payment networks, Treasury, tokens and more. Armed with a commitment to filling critical privacy gaps, COTI V2 is poised to reshape the Web3 landscape.

Read thread: https://twitter.com/COTInetwork/status/1734952364782616650
Watch video: https://youtu.be/Ut-B8O6wXLw
πŸ‘‰ https://cotinetwork.medium.com/how-coti-is-gearing-up-for-2024-and-beyond-e0d465794767
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Join the β€˜COTI V2: a Privacy-Centric Ethereum L2’ Spaces with Shahaf Bar-Geffen and our special co-hosts where they’ll discuss COTI’s exciting latest news. Bring your own questions.

You don’t want to miss it!
πŸ‘‰ https://x.com/i/spaces/1vAxRvjAOoNxl
⏰ December 14th @ 2PM UTC
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COTI V2: a Privacy-Centric Ethereum L2 β€” Media Roundup

The announcement of COTI evolving into COTI V2: a Privacy-Centric Ethereum L2 has attracted a lot of media attention!
Check out below some of the most noteworthy coverage:
https://medium.com/@cotinetwork/coti-v2-a-privacy-centric-ethereum-l2-media-roundup-7896b48eeb32

Stay COTI!
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A new APY Boost of 1600% is now available for gCOTI holders!
This option was chosen by the community and received 67.4% of the voting share.

Please note that withdrawals of rewards are unavailable up to 24 hours. During this period, no liquidations will take place.

Learn more on how to boost your APY: https://medium.com/@cotinetwork/new-apy-boost-of-1600-is-now-enabled-0104752ee05d
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We are very excited to share that the first client Private Payment Network (PPN) has successfully soft-launched along with its first token: $DPINR!

After more than a year of intense development and rigorous testing, the first client PPN is now live, placing its launch firmly on schedule. This robust and feature-rich solution offers substantial benefits to both our client and its user base, including a scalable and cost-effective solution that has real-time reporting capabilities, providing full control over their digital asset environment.

Read the thread: https://twitter.com/COTInetwork/status/1737150688159838524
Read the announcement: https://medium.com/@cotinetwork/lift-off-cotis-first-ppn-has-successfully-soft-launched-along-with-its-first-token-dpinr-cb6d91c0d637
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Exactly one week ago we announced that COTI will evolve to COTI V2 - a Privacy-Centric L2 on Ethereum. The news garnered significant attention. Here's a quick recap for those who may have missed it: https://medium.com/@cotinetwork/one-week-on-a-recap-of-the-coti-v2-announcement-ee4647327562
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We are happy to share that 500,000 $gCOTI were distributed to all participants who provided liquidity in the $gCOTI / $COTI pool on @Uniswap!

Stay tuned for future campaigns!
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From all of us at COTI: Happy Holidays!
We’d like to thank all of you in our community for being part of our journey.
Exciting times are ahead in 2024!
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We are pleased to share the latest Djed update, featuring information on the most recent delegation rewards and APRs.

Read more here: https://medium.com/@cotinetwork/djed-update-latest-aprs-and-delegation-rewards-distribution-c94b34c3a5c5
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2024 has just begun, and we've been continuously building! In this update, we are happy to share what we've been working on recently and highlight the progress we've made with the PPN, Treasury, COTI V2, and more.

Read here: https://medium.com/@cotinetwork/2024-so-far-a-coti-update-bc3d3a8a7830
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The COTI Foundation launches an Ecosystem Growth Fund and unveils its first funding!
The Foundation will seek developers and startups to research and build within COTI V2, fostering its growth.

Read all about it: https://medium.com/@cotinetwork/coti-launches-an-ecosystem-growth-fund-to-accelerate-privacy-on-ethereum-346f5264270a

πŸŽ₯ https://youtu.be/Lpc257syQO0
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Join the COTI X Spaces with Shahaf Bar-Geffen and the awesome host, Tracer, where Shahaf will answer all your questions about COTI V2, our latest news, and future plans.

Share your questions: https://docs.google.com/forms/d/e/1FAIpQLSdPVh6Hi-CIY6y_9QgvctZOusVFQqZplW1wgKlAJDzcTf5Y5w/viewform

Set reminder πŸ‘‰https://x.com/i/spaces/1ynJOyrLrbWKR
⏰ January 25th @ 2PM UTC
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Shahaf Bar-Geffen meets Soda Labs CEO, Dr. Avishay Yanai, for a fascinating discussion!
Soda Labs is the first partner funded by the COTI Ecosystem Growth Fund.

In this video, Shahaf and Avishay discuss Privacy over Blockchain, Garbled Circuits, and the capabilities and use cases COTI V2 will enable!

Watch here: https://youtu.be/8sczl6xEeiU
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We are pleased to share that Ceffu (formerly Binance Custody), a secure institutional crypto asset management platform, now supports gCOTI ERC20 Tokens!

Check it out: https://twitter.com/CeffuGlobal/status/1750367838827880843
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Garbled Circuits emerged as the optimal choice for the privacy-preserving solution on COTI V2.

Learn how GC is different than ZK, FHE, TEE and other privacy preserving solutions: https://medium.com/@cotinetwork/cotis-v2-cutting-edge-garbled-circuits-compared-to-other-privacy-preserving-smart-contracts-9e5b912612fa
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Today marks one year since we launched Djed, and fast enough, it became an integral part of Cardano’s ecosystem, working exactly as designed.

We're happy to take you through Djed’s journey so far:
https://medium.com/@cotinetwork/djeds-first-anniversary-a-walk-through-djed-s-journey-so-far-a56d00d8bef1
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Dear community,
As we shared in the recent Medium blog, the total allocation for the COTI ecosystem growth fund is 400 million COTI tokens. These funds are dedicated to supporting research, development, and various initiatives aimed at fostering the growth of the COTI ecosystem. It's important to note that these funds don't represent an additional supply but rather an early vesting of the uncirculated token balance, allocated for the ecosystem growth fund.

As outlined in our recent X Spaces update, the sources for these tokens are: 100 million from the Vault, 100 million from custody, and 200 million native tokens from the uncirculated supply. We want to inform you that within the next few hours, we will be transferring 200 million ERC20 tokens earmarked for the ecosystem fund – 100 million from the Vault and another 100 million from our custody wallets. Similar to the additional 200 million native tokens, these tokens are securely held until the distribution phase commences. We will also update COTI's circulating supply to reflect these changes.
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