COTI has gained traction after ADAX announced its partnership with COTI a few days ago. Both the companies are looking to include Djed which is Cardano’s first stablecoin and are incorporating it into the DEX and CEX of ADAX. The connection of Djed to the network will allow the liquidity to boost and would allow liquidity pools and other methods to trade the coin with different trading pairs.
Djed is a stable coin that is based on an algorithm. To ensure that Djed plays important role in creating Cardano’s environment, smart contracts are being utilized which ADAX is interested in.
As the DJED user, COTI would be responsible for the smart contract publishing and to interact with different firms and organizations or cooperation’s to make sure that the process is smooth and for the minting of the coin or the reserve treasury used for the backing
COTI Launches its Treasury
The COTI Treasury, billed as an “algorithmic and decentralized $COTI pool,” will grow over time because it gathers charges on all COTI ecosystem interactions, and customers will be able to participate by staking their tokens in it.
Even though staking has been available on the network for a lot of time. The usage was quite less due to less flexibility. Now the users can customize their staking details and earn higher or less APY depending on the plan that they chose.
About
COTI addresses these difficulties by providing a ground-breaking foundation layer protocol in the form of an acyclic graph-based ledger generated from time-linked transactions and leveraging cutting-edge trust-based algorithms. Other applications range from supply chain management to the storage of decentralized and validated medical health data.
At the time of writing, COTI is being traded at the price of almost $0.3106. The price is almost at the same price as it was the day last day and we haven’t seen any major changes in the price.
COTI is one of the most strong and profitable currencies. People have benefited much as a result of this currency. Traders are quite positive on the project in the long run. COTI’s price has retraced and is again at the same level as it was in September 2021. COTI is a solid investment, according to the wallet investor. In a year, the coin’s price is expected to reach $0.720. The price is predicted to rise roughly $2.043 in five years.
