Main Partner: Matsuri Foundation
最終更新
COT
COT Whitepaper EN
最終更新
In November 2024, the COT Project formed a strategic alliance with Matsuri Foundation. Matsuri Foundation (Matsuri) is a project that aims to solve societal issues using token models. COT has become a main partner of Matsuri Foundation, and COT will be adopted as the first model case.
Message from Matsuri Foundation
Festivals and events are essential for a thriving community, acting as a link that connects people across all boundaries such as nationality and values. Many people may have realized this during the COVID-19 pandemic.
Currently, these festivals and events are being maintained at a financial loss, with organizers spending their own money due to difficulties in securing sponsors and delayed payment schedules. This is particularly evident among small and medium-sized event organizations.
Matsuri Foundation provides sustainable support by utilizing FinTech technologies and concepts, such as assisting in the issuance of unique tokens.
This support naturally includes Japanese cosplay and anime events. We sympathize with the philosophy of the Cosplay Token Project, which supports many cosplayers and anime event organizers, and have therefore partnered with them.
Cosplay Token and Matsuri will work hand in hand to create excitement through cosplay and anime events!
For cosplay culture to develop better, it is essential not only to hold real events but also to reduce various burdens faced by cosplayers and establish an appropriate support system. To achieve this, it is crucial for COT itself to have a solid foundation.
The COT Project has hosted and sponsored numerous networking events, priding itself on being "the best in the Web3 industry." However, it's also true that these activities have not directly led to an increase in COT's price.
The main reason for this is that COT's utility is still limited. Of course, the number of places where COT can be used is steadily increasing, and we plan to expand this further. However, we believe that a different strategy is needed for COT to achieve non-linear growth.
Non-linear growth refers to rapid growth regardless of previous growth rates.
We believe that what the COT Project should focus on now is increasing COT's liquidity. Increased liquidity leads to greater price stability, meaning that minor buying and selling won't cause significant price fluctuations.
A currency with stable prices is more likely to be used in the market, which in turn further promotes the use of COT at events and such. This enhances COT's practicality and value, promoting the development of the entire ecosystem.
As described above, when COT's fundamental aspects (event hosting and news releases) and technical aspects (COT price stability and chart formation) align, both wheels start turning, creating a flywheel effect.
Additionally, we can expect a secondary effect of gaining more industry recognition by ranking in the market cap rankings. The next concrete measure to increase COT liquidity is the Mikoshi platform.
