Already on the cob of the fierce, the COTI Network platform from the Cardano ecosystem is planning to launch the algorithmic stablecoin Djed.
We are pleased to share another update about Djed’s progress and to inform you that the launch is scheduled for next week!
— COTI (@COTInetwork) January 24, 2023
The team confirmed that the listing of the Shen asset and token was confirmed by the Bitrue cryptocurrency exchange. The partner of the project is DEX Wingriders, which also pulled some coins.
Thanks, P₳ul, for the discussion. https://t.co/7la2jxoXvg
— WingRiders (@wingriderscom) January 24, 2023
Decentralized exchange based on Cardano (Minswap) announced launch of two pools of coins in a pair with a native ADA token.
Context. Let’s guess, in the spring of 2021, the founder of Cardano Charles Hoskinson and the head of the venture capital development of the blockchain project Ken Kodama remindedthat COTI Network will become the official issuer of Djed.
Stablecoin is positioned as a security asset, which is supported by reserves at a 1:8 ratio of ADA.