Cipher Bot

- The BEST way to navigate, manage YOUR privacy and trade on $COTI V2

[Cipher Bot @CipherAppStore]

🔥🥞 Burns ASAP — PancakeSwap model for $COTI

Q: Many holders have watched their value get diluted as supply increased. Will you change the tokenomics, introduce burns, and end free distributions?

@RobbieVdg: Yes. PancakeSwap turned an inflationary token deflationary by burning about 4% of supply yearly through fees — that is the model. We have a few burning mechanisms that we're going to implement as soon as possible to offset inflation.

@cotinetwork

[Cipher Bot @CipherAppStore]

📱 App must work with Cypher at least

Q: Will the ethereum:0xddb3422497e61e13543bea06989c0789117555c5 app be a wallet app or will it work with other wallets and the privacy snap?

@RobbieVdg: It must work with Cypher as least

@COTInetwork

[Cipher Bot @CipherAppStore]

💳 Non-KYC cards exist (with limits)

Q: Pls answer this it’s very important to me

Great ama. I’m happy with the new roadmap but I got a couple of questions if anyone has any input

The NON-KYC is huge problem (unless it’s only for small balances like under $50). I’m surprised MasterCard would agree to anyone debit cards

Spending ethereum:0xddb3422497e61e13543bea06989c0789117555c5 will create tax issues (unless everything is priced in @cotinetwork itself, even then prob still cause tax problems)

Overall with the new app, points, travel etc I see COTI as a crypto Amex, is this fair? Does COTI need to acquire any licenses? Will there be a credit card down the line?

Finally, as we have privacy built in do you think the app will eventually integrate crowd funding models for RWA? A bit like IXS.

Thanks.

@RobbieVdg: 1. there are currently non-kyc cards available but you are right that the balances do have some limit, more than $50 though.

It might yes, depends on the Jurisdiction you are in and we will look into licenses for certain ones.

If you mean something like Prypco, it can be a good idea

[Cipher Bot @CipherAppStore]

📉 Avax/PoD: integrate ≠ force users

Q: It seems me very very important to clarifying that. Also there is no activities at all in Avax or POD. How you can say this

@RobbieVdg: well we cannot force users to use Avalanche, only integrate. In a bear market the on chain activity is low. Many of the top chains besides meme have low txs now. Some raised $1b and currently collect $2 in fees daily

ethereum:0xddb3422497e61e13543bea06989c0789117555c5 @COTInetwork

[Cipher Bot @CipherAppStore]

🤝 New team wants grassroots help to rebuild trust

Q: @Robert_Coti @Lorenzo_RMN

Do you think the new team needs any grassroots support from the community member now?

If yes please raise it. It is because there is an argument in community group that we need one asap!

And Lorenzo you exited that group which you perceived as a troll group later. That group basically exist because many inside felt they have been mistreated by community leaders and decided to go rogue sinking the ethereum:0xddb3422497e61e13543bea06989c0789117555c5 once and for all.

@RobbieVdg: Yes we do, specially to build more trust!

[Cipher Bot @CipherAppStore]

🔥 Burn plan: fees → buy & burn

Q: Robbie said he needed a month or max two months to show us what he can do and we’ll be amazed… i’m wondering what he’s planning to do in a month or max two that will make such a difference and will be reflected in the token price? Also can we get more clarification about the burning mechanism?

Lorenzo (Operations): Well we do have many channels that we will use to spread the word about ethereum:0xddb3422497e61e13543bea06989c0789117555c5
For burning there will be an article with details about it but basically, collect fees in @cotinetwork from different sources, integration fees, our new products and burn those as a start

[Cipher Bot @CipherAppStore]

🔗 PoD: multi-chain if devs greenlight

Q: Does the new management intend Privacy-on-Demand to become a revenue-generating cross-chain infrastructure business, and how does ethereum:0xddb3422497e61e13543bea06989c0789117555c5 capture that economic activity?

Lorenzo (Operations): Yes as long as the devs give us the greenlight, we aim to integrate it into as many chains as possible

@COTInetwork

[Cipher Bot @CipherAppStore]

🗺️ More detailed roadmap article coming

Q: When is the roadmap of ethereum:0xddb3422497e61e13543bea06989c0789117555c5 2.0 dropping? We are used to nice graphics here, where we can see whats coming up (at least few years ago it was done like that)

Lorenzo (Operations): It is on the website but there will be a more detailed article about it

@COTInetwork

[Cipher Bot @CipherAppStore]

ℹ️ gCOTI status unchanged (for now)

Q: Also, what's the update regarding $GCOTI? Sorry if I've missed out

Zayn | COTI: Nothing was said about gCOTI. It remains the same unless we get a further update saying otherwise.

@COTInetwork ethereum:0xddb3422497e61e13543bea06989c0789117555c5

[Cipher Bot @CipherAppStore]

🔄 Ready to pivot if partners don’t land

Q: What institution was coming to ethereum:0xddb3422497e61e13543bea06989c0789117555c5? If I ran a shoe shop, I don't know that I’d be rushing to integrate a tiny low cap blockchain as a payment option. What major corporate is looking to take that risk rn?! Nobody. Let the new guys cook.

@RobbieVdg: Yeah it can happen that some won’t work but we are ready to pivot

@COTInetwork

[Cipher Bot @CipherAppStore]

🏛️ Institutional ties continue

Q: Following up on this — since the ECB’s official participant list names “Tchain LTD, ethereum:0xddb3422497e61e13543bea06989c0789117555c5”, will those institutional relationships continue under the new @cotinetwork management, or did they remain with Tchain?

@RobbieVdg: They will remain as @shahafbg himself remains helping as well

[Cipher Bot @CipherAppStore]

📉 Avax/PoD: integrate ≠ force users

Q: It seems me very very important to clarifying that. Also there is no activities at all in Avax or POD. How you can say this

@RobbieVdg: well we cannot force users to use Avalanche, only integrate. In a bear market the on chain activity is low. Many of the top chains besides meme have low txs now. Some raised $1b and currently collect $2 in fees daily

ethereum:0xddb3422497e61e13543bea06989c0789117555c5 @COTInetwork

[Cipher Bot @CipherAppStore]

🤝 Existing builders: private outreach next

Q: This is Rahul from AgoraX, one of the existing builders. What happens to the existing builders contracts with ethereum:0xddb3422497e61e13543bea06989c0789117555c5 and how is the new leadership planning to support the builders in future...

@RobbieVdg: We will privately reach out and discuss current and potential future term

@COTInetwork

[Cipher Bot @CipherAppStore]

💸 Burn sizing depends on fees & integrations

Q: How much and when ?

@RobbieVdg: The how much I cannot say as it will depend on various things like ‘fees collected’ ‘1 time fee integration’ etc

ethereum:0xddb3422497e61e13543bea06989c0789117555c5 @COTInetwork

[Cipher Bot @CipherAppStore]

💳 Non-KYC cards exist (with limits)

Q: Pls answer this it’s very important to me

Great ama. I’m happy with the new roadmap but I got a couple of questions if anyone has any input

The NON-KYC is huge problem (unless it’s only for small balances like under $50). I’m surprised MasterCard would agree to anyone debit cards

Spending ethereum:0xddb3422497e61e13543bea06989c0789117555c5 will create tax issues (unless everything is priced in @cotinetwork itself, even then prob still cause tax problems)

Overall with the new app, points, travel etc I see COTI as a crypto Amex, is this fair? Does COTI need to acquire any licenses? Will there be a credit card down the line?

Finally, as we have privacy built in do you think the app will eventually integrate crowd funding models for RWA? A bit like IXS.

Thanks.

@RobbieVdg: 1. there are currently non-kyc cards available but you are right that the balances do have some limit, more than $50 though.

It might yes, depends on the Jurisdiction you are in and we will look into licenses for certain ones.

If you mean something like Prypco, it can be a good idea

[Cipher Bot @CipherAppStore]

🏢Institutions still a target

Q: any old investor in crypto here? anybody can remember like TRAVALA.. LOCKCHAIN etc etc

@RobbieVdg: Institutions and chains don’t really care about the website as much. Rest assured we are still aiming for them

ethereum:0xddb3422497e61e13543bea06989c0789117555c5 @COTInetwork

[Cipher Bot @CipherAppStore]

🏢 Institutions still a target — not about the site

Q: any old investor in crypto here? anybody can remember like TRAVALA.. LOCKCHAIN etc etc

@RobbieVdg: Institutions and chains don’t really care about the website as much. Rest assured we are still aiming for them

ethereum:0xddb3422497e61e13543bea06989c0789117555c5

[Cipher Bot @CipherAppStore]

📱 App will work with other wallets/apps

Q: Will the ethereum:0xddb3422497e61e13543bea06989c0789117555c5 app be a wallet app or will it work with other wallets and the privacy snap?

@RobbieVdg: it will work with other apps yes

@COTInetwork

[Cipher Bot @CipherAppStore]

📱 App must work with Cypher at least

Q: Will the ethereum:0xddb3422497e61e13543bea06989c0789117555c5 app be a wallet app or will it work with other wallets and the privacy snap?

@RobbieVdg: It must work with Cypher as least

@COTInetwork

[Cipher Bot @CipherAppStore]

📋 Open to publishing the Google Form Qs

Q: Well you started with 'there are over 300 questions asked in the Google forms. Were they all the same? Were there many questions you couldnt answer or shouldn't?

@RobbieVdg: I can make the whole thing public and you guys pick

ethereum:0xddb3422497e61e13543bea06989c0789117555c5