Liquidity Mining the COT MultiChain Token and its DeFi Funds Platform
CoTrader.com ($COT) hosts a platform to DeFi the $85 trillion global funds industry with blockchain. It’s the first live multi-chain platform to decouple fund management from custodianship. CoTraders withdraw their assets anytime from their smart funds, which offer transparent proof of their chosen copied Traders’ performance onchain. The platform connects others — private pseudonymous actors called Traders and Co-Traders — to each other
CoTrader is launching Liquidity Mining (LM) on BSC (Binance Smart Chain) on April 30. LM often has a 10–100x growth effect on token price, Liquidity Depth (LD), and Total Locked Value (TLV). This article will give the background on the platform, its fees, tokenomics, token utility, and then explains the upcoming innovative LM program and roadmap.
CoTrader — World’s First DeFi Co-Trading Platform
CoTrader is the world’s first DeFi co-trading platform live on BSC — Binance Smart Chain. It was the world’s first such platform on the Ethereum mainnet since July 2018. It’s now expanding its COT token beyond ERC20, to multiple chains, with Liquidity Mining (LM) on BSC
Live on Multiple Chains
CoTrader is a fully-onchain, time-tested, battle-proven blockchain platform that decouples fund management from custodianship.
It enables the Traders to manage CoTraders’ BSC BEP20 & Ethereum ERC20 tokens without holding them. CoTrader cryptographically proves fund values.
It supports tokens, pools, staking, yield farming, liquidity mining, and any DeFi legos, including those representing stocks, derivatives and any assets
Smart Funds
Smart funds enable traders to prove their ROI and trade assets on behalf of CoTraders, while ensuring that only CoTraders who deposit funds can withdraw them
Trader’s can 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%
CoTrader MultiChain Token
Supply
ER20 Max Supply: 20B
BSC New Tokens: 0, aside from those minted & burned moving to & from the ETH/BSC bridge
Burns
50% of platform fees are burned, ongoing, forever
100% of COT to COTUSD (rebase, elastic stable) swaps are burned, at a 1 to 1 ratio, according to their % holding from the total COT supply.
Buybacks
100% of the platform fees buy COT
50% is burned
25% is distributed to DAO for operations (eg offering LM — Liquidity Mining)
25% is distributed to a DAO voted development wallet
10% of fund AUM will automatically buy COT & COTUSD — an elastic rebase, a stable unit of account, planned for May 2021
Token Utility
1 Governance — voting on use of treasury funds, system parameters, development teams, etc
2 Access COT based funds and the fund shares marketplace
3 Unit of account measure — Measure of fund values for fund shares trading
4 Stake — Fixed & floating rewards programs for locking & providing liquidity
Liquidity Mining & Market Protection
Our simplify and innovate DeFi for mass adoption onboarding with a
- 1-step total DeFi process will accept BNB, and automatically buy COT, pool it, stake it, and compound it.
- The team is given no tokens on BSC to sell. The team is rather incentivized to increase token price & volume in an ongoing sale:
- 1-sided pool sale available for anyone with COT, on BSC, which will:
- reduce slippage while:
- auto adding LD to pools as it:
- splits buys from Swap DEX aggregators at market prices.
- Other large holders will be able to deposit into this 1-sided pool, to remove the need to sell abruptly on markets.
Roadmap
April 2021 — BSC Liquidity Mining (LM)
May 2021 — Platform on more chains: Polkadot, Polygon, others
June 2021 — Fund admin roles (owner, admins, traders)
July 2021 — DAO Funds — vote based trader actions
Aug 2021 — Algo Funds — trader-adjustable algorithm based funds
Sep 2021 — AUM based funds for lower gas fees on Ethereum
Oct 2021 — Explore privacy-preserving options
More info at cotrader.com
BUY & STAKE
Setup
- Get ETH on Coinbase.com if you don’t already have some
- Send ETH to a Metamask.io wallet on web or mobile
BUY on 1INCH — DEX Aggregator
- Centralized Exchanges (CEXs):
- HOTBIT.io — COT/ETH
- HOO.com — COT/USDT
STAKE
