Proposal to whitelist COT - Only 5K BNT

Proposal to Whitelist Token (COT)

This proposal is expected to appear on Snapshot for voting on Monday 26th April 2021 at 12:00 pm UTC.

TL;DR

  • Low risk, tiny co-investment, with minimal liability
  • Proposed co-investment is only 5,000 BNT (1/4 the standard small cap)
  • There are no apparent security concerns that would prohibit whitelist status.
  • There is no reason to doubt the legitimacy of the CoTrader project.

Token Address: 0x5c872500c00565505f3624ab435c222e558e9ff8

Project Website: CoTrader.com

Token Security

COT does not have an elastic supply, or rebase mechanism. The COT contracts do not have permissions that grant administrators unrestricted mint/burn capabilities. The COT token supply is fixed at 20,000,000,000, of which 18,886,520,618 are in current circulation. The contracts and addresses with the highest concentration of COT tokens are predominantly the token vesting contracts and the team and project treasury wallets.

Project

CoTrader is the world’s first DeFi investment funds platform live on multiple chains, world’s first on BSC, and world’s first on the Ethereum mainnet since July 2018. It’s now further expanding its platform and COT token to all major EVMs, with Liquidity Mining (LM) starting April 30

Tokenomics

  • Utility
    1 Governance - voting for management team. Coming: control treasury, system parameters, etc
    2 Access COT based funds. Coming: fund shares marketplace
    3 Unit of account measure - Measure of COT funds. Coming: fund shares trading
    4 Stake - Fixed & floating APR rewards programs for locking & providing liquidity

  • Platform Revenue
    Traders set their own performance fees, eg 20%, from what they earn their CoTraders.
    The platform applies a karma principle & takes the same %, eg 20% of 20%, or 4%

  • Buybacks
    100% of the platform revenue buys COT
    50% is burned
    25% goes to DAO for operations (eg offering LM - Liquidity Mining)
    25% goes to a DAO voted management team
    10% of each fund AUM will automatically buy COT

  • Burns
    50% of platform revenues are burned, ongoing.

  • Supply
    ER20 Max Supply: 20B
    BSC New Circulation: 0; No new tokens except those in the BSC bridge

Community and Communication

Available Audits

Unit & battle tested platform code with years in operation without issue.
Audit plans are underway with an introduction to Quantstamp.

Market and Trading Data

Current price: $0.0003992 (CMC)
Price 90 days ago: $0.00003780 (CG: Under 1/10 of current price)
Circulating/Max tokens: 18,886,520,618 / 20B
Market Cap: $7.5M
ATH (CG): All-Time High: $0.00168041 -78.0%, Mar 29, 2021 (24 days)
ATL (CMC): All Time Low $0.00000431 +9188.76%, Aug 27, 2019 (2 years ago)

CG: CoTrader price, COT price index, chart, and info | CoinGecko
CMC: CoTrader price today, COT live marketcap, chart, and info | CoinMarketCap

Traded on Bancor (APR peaks over 2500%+ with $40K+ LD), Uniswap, Hoo, Hotbit, 1inch

6 Likes

Great proposal from COTRADER. I hope it gets approved.

3 Likes

Nice job. I think the tiny coinvestment suits the scale of the project.

2 Likes

Thanks for putting this together, looks great!

3 Likes

Great to see you CoTrader here again, all looks good to me.

3 Likes