Interview with CEO Shahaf Bar-Geffen

Shahaf Bar-Geffen is the CEO and founding father of COTI Community, a blockchain-based funds community.

Bar-Geffen has a wealthy background within the tech area, and, consider it or not, again in 2016, he bought a media firm by the identify of Web3 to Mccan Erickson Group (IPG). He additionally based an organization referred to as Optimistic Cell – one of many first venues to promote on smartphones and an organization that was additionally acquired afterward.

His crypto ardour began in 2015 and have become much more critical when he based COTI in 2018. Since then, COTI had turn out to be a noteworthy participant within the area.

On this thrilling episode, we chat about what’s COTI, its shut relationship with Cardano, the CVI – which is the crypto model of the well-known VIX, and naturally the market sentiment and the latest tendencies – NFTs and the metaverse.

What’s COTI? The 2022 Version

First issues first, COTI is a layer-1 protocol that has its personal native chain. It’s optimized to do funds – extra exactly, consumer-merchant funds.

“Which means we’ve constructed every thing from the grounds as much as particularly clear up the problems round funds.” – In response to Bar-geffen.

Speaking concerning the points that COTI stands to resolve, the world’s underbanked inhabitants got here to rise, and he argued that the at the moment current system is simply not lower to deal with problems with this type. Centralization, costly transactions, lack of transparency – these are all simply a few of the challenges that COTI tackles, within the phrases of Bar-Geffen. He additionally defined a few of the technical variations between COTI Community and different layer one protocols reminiscent of Ethereum.

Past all of the options that he defined, we additionally touched on COTI’s recently launched Treasury, which is an algorithmic and decentralized pool the place customers can deposit their COTI and be rewarded for his or her participation.

Shahaf Bar-Geffen, COTI’s CEO.

The pool will develop over time as a result of the complete ecosystem pays charges to Treasury – immediately or not directly. When somebody stakes COTI, they’re entitled to a share of the rising Treasury, offering one more use case and benefit for long-term holders of the cryptocurrency.

One other product by COTI’s workforce is the CVI, which stands for the Crypto Volatility Index. In response to Bar-Geffen, the CVI tokens may be leveraged to hedge in opposition to one among DeFi’s most dreadful sinkholes – impermanent loss.

Cardano and Coti: Love Story

To those that are unaware, Cardano is on the brink of launch the DJED algorithmic stablecoin, and COTI Community would be the official issuer. Bar-Geffen revealed some fascinating particulars surrounding DJED and Coti’s involvement.

“DJED has already signed partnerships with greater than 10 decentralized exchanges, among the many prime 10 on Cardano. We consider that DJED can be for the Cardano ecosystem what USDC is for the Ethereum DeFi, which means the token that everyone makes use of to construct their buying and selling pairs with.”

We additionally talked about whether or not or not he feels the long run can be multi-chain, and that’s precisely what Bar-Geffen expects. Nevertheless, he additionally mentioned that no one ought to fade Cardano as a result of they’re performing some nice work.

Tight relationship. Charles Hoskinson and Shahaf Bar-Geffen

“Some individuals wish to make enjoyable of Cardano and these individuals can be very mistaken. It is because Cardano could be very sturdy in engineering – there are a whole lot of engineers working there. They’ve printed extra educational papers than everybody else. […] I additionally wish to remind folks that Charles Hoskinson is a co-founder of Ethereum.”

He additionally argued that the simplest factor for Cardano would have been to construct “one more Ethereum knock-off.” They determined in opposition to it, and when “they really launch issues, they’re actually good.” Shahaf additionally believes that the ecosystem of Cardano can be “tremendous sturdy.”

NFTs As an Integral A part of the Metaverse

The podcast wouldn’t have been so fascinating if we didn’t speak about non-fungible tokens, the metaverse, and blockchain-based gaming.

Talking of the latest crypto tendencies, we additionally chatted about Vitalik Buterin’s inspiration to construct Ethereum, a part of which was the favored story of how his World of Warcraft character acquired nerfed, and he determined that it’s an unacceptable present of centralization.

COTI’s CEO is a proponent of play-to-earn, and he believes that this is likely one of the greatest use instances for blockchain-based applied sciences. He additionally thinks that non-fungible tokens will play an integral function within the metaverse.

$30K Earlier than $100K

It’s price noting that Bar-Geffen can be a associate in an organization referred to as Frequence that gives expertise for algorithmic buying and selling.

On the time when the podcast was recorded, he shared that he and the algorithm weren’t very optimistic on BTC’s short-term future and even anticipate Bitcoin to retest $30K earlier than reaching the $100K milestone that can be within the subsequent few years. Amongst all of the insights he shared, the professional additionally revealed that they’re very bullish on Bitcoin and the complete ecosystem in the long run.

To find out about the place COTI’s CEO thinks the business is headed, ensure to look at the complete podcast.