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The COTI Network platform of the Cardano ecosystem will be launched algorithmic stablecoin Djed in early February.
We’re happy to share another update on Djed’s progress and let you know that the launch is slated for next week!
Read more: https://t.co/7kPjfGMNmk$DJED $COTI @InputOutputHK @Cardano pic.twitter.com/mHA5KVblay
— COTI (@COTInetwork) January 24, 2023
According to the team’s statement, the listing of the Shen ego balance asset and token has been confirmed by cryptocurrency exchange Bitrue. Project partner – DEX Wingriders – also hinted at supporting the piece.
Today, our spokesperson Kaaran spoke with @cwpaulm on #StableSwaps and #Stablecoins on Cardan. Feel free to watch, like and comment using the link below.
Thanks, P₳ul, for the discussion. https://t.co/7la2jxoXvg
— WingRiders (@wingriderscom) January 24, 2023
Minswap, one of the leading Cardano-based decentralized exchanges, has announced the launch of two coin pools paired with the network’s native ADA token.
$ADA/ $DJED & $ADA/ $SHEN
🗓️ Coming next week on The Minswap DEX 👀 pic.twitter.com/qnD6ZA9yCf— Minswap Laboratories (@MinswapDEX) January 24, 2023
In September 2021, the founder of Cardano, Charles Hoskinson, and the head of the venture division of the blockchain project, Ken Kodama announcementthat Djed’s official transmitter will be COTI Network.
Stablecoin is positioned as a super-secure asset, backed by reserves at a ratio of 1:8 in ADA.
Let’s remember, Hoskinson appointed Algorithmic stablecoins are “the gold standard of the digital age”.
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