This technical document describes the Coinet Financing Platform (CFP), which specifies how the funds collected will be used in its associated (ICO) and a description of the opportunities and business model of the Cot Coin token issuance.
The Coinet Financing Platform (CFP) allows a group with a technological innovation proposal to raise the necessary funds to tart their project and also to start an own ICO associated with it.
The initial offer of COINET coins will help finance the development and debugging costs of the project, as well as support the marketing and launch costs of the app in the iOS and Android stores.
In 2016, 271 startups with value proposals aimed at consumers or SMEs with poor or no access to financial services were identified in Latin America. These companies are distributed into 10 large segments, with loans standing out, corresponding to 27% of the identified startups.
Access to credit, and in general to alternative financing mechanisms, acquire greater relevance since it is a latent need of the technological development sector, which has been commonly relegated by traditional financial institutions.
After the success of the platforms based on blockchain, more and more services are added to the use of this technology in order to offer the user a financing service with decentralization, automation and transparency as:
(1) The Initial Coin Offering is a means of collective financing where a specific percentage of a new cryptocurrency issued is sold to investors in exchange for fiat currency or
(2) Distributed register of transactions (ledger), formed by a chain of blocks (blockchain) in which every update is recorded reliably (and not erasable) using a time stamp and linking to the previous blocks of transaction records using hashing.
(3) Unit of value issued (token) and registered in blockchain.
(4) Open blockchain platform designed to facilitate the use and massive adoption of technology. Stellar allows developers to launch, distribute and market their own cryptographic token. The platform is totally decentralized, transparent and auditable.
At COINET we work to bring to the community a platform that facilitates access to blockchain technology and cryptocurrencies. Thus, thanks to the blockchain technology, the Coinet Financing Platform rewards the investor for contributing their money effectively and safely in a technological project in the phase before the ICO. In addition Coinet provides the necessary support for the proper execution of the financing process of the technology project and the proper use of the resources assigned to it, all this through a cryptocurrency which we have called Cot Coin that works in the decentralized platform of the Stellar network.
The Cot Coin cryptocurrency can be used by the investor as a compound interest resource that allows him to obtain new benefits in other investments, which will allow him to increase his capital quickly. Cot Coin may also be used outside the COINET system, as a cryptocurrency to be used to exchange for goods or services on the Internet.
Cot Coin will be issued as a token based on the Stellar platform and will be immediately listed in your exchange. Stellar is a highly secure network that has been designed for the transfer of funds. The Stellar network has a complete set of applications with a solid and secure network of nodes. Stellar provides the project with a token that immediately supports all of the platform's technologies, such as a decentralized exchange market (DEX) and smart contracts for verifiable and secure transaction execution.