|All Time High:|
|Market Cap: |
|The price of #COTI today is $0.10 USD.|
The lowest COTI price for this period was $0, the highest was $0.101, and the current live price for one COTI coin is $0.10123.
The all-time high COTI coin price was $0.71.
Use our custom price calculator to see the hypothetical price of COTI with market cap of ETH or other crypto coins.
|The code for COTI is also #COTI. |
COTI is 3.6 years old.
|The current market capitalization for COTI is $119,069,677.|
COTI is ranking downwards to #208, by market cap (and other factors).
|There is a large daily trading volume on #COTI.|
Today's 24-hour trading volume across all exchanges for COTI is $22,057,794.
|The circulating supply of COTI is 1,176,271,233 coins, which is 59% of the maximum coin supply.|
Djed Launch Recap
It has been only two days since we successfully launched Djed on Mainnet, and we are very pleased with the massive responses and participation that we have seen so far! We are happy to share some details about the platform including data surrounding the launch, the engagements received, as well as media coverage: A total liquidity of 28M ADA has been provided on the platform., 3 hours after launch, we reached a reserve ratio of 800%, meaning that at that time, no additional SHEN could be minted until the ratio was lowered., 1.85M DJED has been minted, and 40K was burnt., 21M SHEN has been minted, and 73K was burnt., At the time of writing the reserve ratio is 623%., Both DJED and SHEN were listed on the top Cardano DEXs, including: Minswap, Wingriders and MuesliSwap., Here are some TVL stats from the DEXs: Minswap: DJED/ ADA pair has 149.7K ADA TVL SHEN/ ADA pair has 325K ADA TVL Wingriders: DJED/ ADA pair has 1.21M USD TVL SHEN/ ADA pair has 1.65M USD TVL MuesliSwap: DJED/ ADA pair has 87K ADA TVL SHEN/ ADA pair has 185K ADA TVL Bitrue, a centralized exchange and advanced cryptocurrency management platform listed DJED and SHEN as well., CoinGecko and DefiLlama have listed DJED. CMC has listed both DJED and SHEN, Top Media outlets have covered Djed’s launch, and you can see some of the articles that were published listed below:, Cardano-Based Djed Stablecoin Attracts 27M ADA Tokens as Reserve Backing, Cardan...
DJED and SHEN Are Now Listed on Bitrue!
Djed was successfully launched yesterday, and since then it has already been listed on top Cardano DEXs including Minswap, Wingriders and MuesliSwap. In addition to the successful launch and listing on major DEXs, we are pleased to share that DJED and SHEN are now listed on Bitrue! Trading is now available for the following pairs: DJED/USDT : www.bitrue.com SHEN/USDT: www.bitrue.com The listing of DJED and SHEN on Bitrue will increase Djed’s accessibility to users across the entire crypto world, it will also foster the mainstream adoption of DJED and its reserve coin, SHEN. All the details can be found here: bitrue.zendesk.com Bitrue is the first centralized exchange to list DJED and SHEN, and we expect more to follow. Visit djed.xyz — Stay COTI!. — About Bitrue: Bitrue was established by a group of blockchain enthusiasts with a goal of providing complete financial services for the currencies of the future. They are dedicated to providing safe, convenient, and diversified services to meet all crypto needs, including trading, investing, purchasing, staking, borrowing, and more. For all of our updates and to join the conversation, be sure to check out our channels: Website: coti.io Twitter: twitter.com Telegram: t.me GitHub: github.com Discord: discord.gg Binance Feed: www.binance.com CoinMarketCap Feed: coinmarketcap.com Technical whitepaper: coti.iofiles/COTI-technical-whitepaper.pdf
DJED and SHEN Are Now Listed on MuesliSwap!
Following today’s successful launch, we are pleased to share that DJED and SHEN are now listed on MuesliSwap platform! You can now provide liquidity to the ADA/DJED pool and ADA/SHEN pool here. MuesliSwap’s yield farming program, which enables users to benefit from farming rewards, is also available here: muesliswap.comearn/farms The listing of DJED and SHEN on MuesliSwap will increase Djed’s accessibility to members of the Cardano’s DeFi ecosystem, and also foster the mainstream adoption of Djed. The Policy ID for DJED & SHEN: 8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd61 Visit djed.xyz — Stay COTI!. — About MuesliSwap MueliSwap is the first native, scalable decentralized exchange on Cardano that aims to enrich the Cardano Defi ecosystem with a range of new trading features, not only limiting itself to Token Trading but also an NFT Marketplace and a decentralized Token Launchpad. For all of our updates and to join the conversation, be sure to check out our channels: Website: coti.io Twitter: twitter.com Telegram: t.me GitHub: github.com Discord: discord.gg Binance Feed: www.binance.com CoinMarketCap Feed: coinmarketcap.com Technical whitepaper: coti.iofiles/COTI-technical-whitepaper.pdf
DJED and SHEN Are Now Listed on Wingriders!
Following today’s successful launch, we are pleased to share that DJED and SHEN are now listed on Wingriders’ platform! You can now provide liquidity to the ADA/DJED pool here. You can now provide liquidity to the ADA/SHEN pool here: Wingriders’ farming program, which enables users to benefit from farming rewards, is also available here: app.wingriders.com The listing of DJED and SHEN on Wingriders will increase Djed’s accessibility to members of the Cardano’s DeFi ecosystem, and also foster the mainstream adoption of Djed. The Policy ID for DJED & SHEN: 8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd61 Visit djed.xyz — Stay COTI!. — About Wingriders WingRiders is an Automated Market Maker (AMM) Decentralized EXchange (DEX) built on top of Cardano using the eUTxO model on the main chain. The project is powered by VacuumLabs. For all of our updates and to join the conversation, be sure to check out our channels: Website: coti.io Twitter: twitter.com Telegram: t.me GitHub: github.com Discord: discord.gg Binance Feed: www.binance.com CoinMarketCap Feed: coinmarketcap.com Technical whitepaper: coti.iofiles/COTI-technical-whitepaper.pdf
DJED and SHEN Are Now Listed on Minswap!
Following today’s successful launch, we are pleased to share that DJED and SHEN are now listed on Minswap’s DEX platform! You can now provide liquidity to the ADA/DJED pool here. You can now provide liquidity to the ADA/SHEN pool here. We will soon meet the requirements for the farming program, which will enable users to benefit from farming rewards. The listing of DJED and SHEN on Minswap will increase Djed’s accessibility to members of the Cardano’s DeFi ecosystem, and also foster the mainstream adoption of Djed. The Policy ID for DJED & SHEN: 8db269c3ec630e06ae29f74bc39edd1f87c819f1056206e879a1cd61 Visit djed.xyz — Stay COTI!. — About Minswap Minswap is the first innovative multi-pool decentralized exchange on the Cardano ecosystem blockchain that employs an automated yield farm strategy, which helps Liquidity Providers to rebalance the liquidity they provided into the most efficient pools. For all of our updates and to join the conversation, be sure to check out our channels: Website: coti.io Twitter: twitter.com Telegram: t.me GitHub: github.com Discord: discord.gg Binance Feed: www.binance.com CoinMarketCap Feed: coinmarketcap.com Technical whitepaper: coti.iofiles/COTI-technical-whitepaper.pdf
A New Era For Stablecoins Begins: Djed is Live on Mainnet!
After over a year of preparations and development, and following a successful security audit, we are very proud to announce that Djed, the overcollateralized stablecoin on Cardano, is now live on mainnet! The much anticipated public mainnet launch of Djed heralds a new era for stablecoins. Launching Djed is a significant milestone for COTI, the Cardano ecosystem, and for the DeFi ecosystem as a whole. Being a decentralized open-source protocol, Djed is community-driven, as it brings an opportunity for users to hold, mint, and burn DJED and SHEN. The Djed platform can be accessed at djed.xyz. DJED is also available on MinSwap, Wingriders and MuesliSwap, and we also expect it to be listed on other top platforms in the Cardano ecosystem. Furthermore and as recently announced, Bitrue will be the first exchange to list DJED and SHEN. With over 40 partnerships to enable its proper utilization and adoption, DJED will unlock opportunities for the Cardano ecosystem around Defi, Payments and more. Djed has a unique mechanism of overcollateralization by 400%-800% with on-chain proof of reserves to protect its value in different market scenarios. DJED is pegged to USD, backed by the base coin ADA, which is an independent asset, and uses SHEN as its reserve coin. In a case where the reserve ratio drops below 400%, the platform will prevent the burning of SHEN, and the minting of new DJED (since there is not enough collateral in the res...
Buckle Up! Last Djed Update Before We Launch!
Dear community, We hope you are all ready as it seems like today will be a big day! Last night, we successfully completed all testing and deployed the Djed contract to Mainnet. As some of you may have seen, we have also registered the DJED and SHEN tokens on the Cardano scan. Our next step was to ensure that when we launch, we’ll have a healthy reserve ratio and enough liquidity. As mentioned before, we already reached out to major ADA holders in advance, in order to bootstrap the ADA liquidity in the contract prior to launch. We are happy to say that we have succeeded in bootstrapping liquidity! Liquidity provision took place last night, bringing the Djed reserve ratio to a healthy 600%, which is an optimal ratio for launch, as it will allow users to mint both DJED and SHEN upon launch. Note that initial liquidity providers paid the same fees as everyone will on the platform and didn’t get preferred terms by any means. To clarify, excluding the effect of the ADA price, SHEN price can be appreciated only as a result of the mint/burn fees collected in the contract, which grows its equity. The next liquidity providers to mint SHEN will benefit from previously collected fees, as they have been added to the equity pool, and every SHEN is worth more ADA now (so minting SHEN at a higher price is similar to buying a stake in a more valuable asset). Testing is done, tokens have been registered, and liquidity has been bootstra...
DJED Update — Jan 30th
DJED Update — Jan 30th - As updated earlier, the chain-index sync was successfully completed and we’re getting closer to launch. Get ready! Following our recent article, some of you had questions and concerns we wanted to transparently address. Delegation rewards: Q: Why did you choose Wave as the Stake Pool Operator? A: COTI has been closely working with Wave since 2019 and we are well familiar with their management and operational team. Wave has extensive experience with operating staking pools and it meant that we’ll be working with a reliable party. Q: Please explain the high delegation reward fee A: Djed V1.1.1 was originally built without the staking or delegation options. Meaning that there were 0% delegation rewards for SHEN holders. However, it was important for us to come up with a solution that will generate some rewards from day one. As we are limited to operating in just one pool, until multi-pool staking is developed, we need to make sure that no external ADA stakers will join the pool and take away from its capacity. Hence, it was decided that the staking fees should TEMPORARILY be 8% to deter unrelated activity. However, as we don’t want delegators to lose gains, it was also agreed that Wave will pledge an extra 11 million ADA. On top of that, following the community feedback, we are happy to announce that we have managed to reduce the pool operator fee to 5%! The 5% fee plus the pledge will yi...
Djed Update: Economics of the Djed Stablecoin and Delegation Rewards!
Back in 2021, during Charles Hoskinson’s closing keynote speech, It was announced that COTI will be powering Djed and since then we have been developing Djed, the overcollateralized stablecoin. COTI’s role in powering Djed includes being in charge of aspects such as the UI of the platform djed.xyz, Business Development (which includes more than 40 partnerships) and smart contract deployment. As Djed was only a whitepaper in 2021, it was important to consider its economical design and then later implement it, which is the topic of this article. One of the key components of Djed’s structure is its reserve ratio, which determines the proportion of ADA that is held in the reserve to collateralize and maintain the stability of DJED. Following extensive research, we have reaffirmed the conclusion that the optimal range for the reserve ratio is between 400%-800%, as initially mentioned in the Djed whitepaper. This ratio was determined by examining the maximum monthly decrease of ADA’s price at all times, which was approximately 66% at the time of the research, which led to the conclusion that the overcollateralization of DJED by around 300%, will help to have enough reserve in case it happened again. Though a reserve ratio of 300% has proven to be sufficient to cover such a decrease in ADA’s price, in order to keep the platform prudent and ensure stability even in more negative scenarios, it was decided to set the minimal...
Djed is Scheduled to Launch Next Week!
We are pleased to share another update about Djed’s progress and to inform you that the launch is scheduled for next week. In the past few days, we’ve had some listing news: Bitrue has announced that they will list $DJED and $SHEN on their exchange platform. Djed’s DEX partner Wingriders also hinted on Twitter that an announcement is coming soon. These are the technology developments we are currently working on: We started the chain index syncing process. This process may take 14 days, and as we started the sync a week ago, we expect to complete it next week and be ready to launch. As of right now, this is the only technical bottleneck holding up the launch. As part of our effort to stake the ADA that is deposited to the Djed smart contract and generate extra rewards for $SHEN holders, we are developing a snapshot mechanism and UI that will be added to djed.xyz, where $SHEN holders will be able to track these extra rewards. We have added the ability to cancel an order. Users will be able to click on the “refund button” and their transaction will be canceled (as long as it hasn’t been processed). Djed is receiving excellent coverage, and we are grateful to those spreading the word. In the coming days, leading to the launch, we will continue to share articles and videos to educate about Djed. Djed is coming! For all of our updates and to join the conversation, be sure to check out our channels: Website: coti...
More COTI (#COTI) News
|COTI Announces Succesful Hard Fork for Multi-Token Network Expansion
Blockchain protocol Coti announced the successful hard fork event - MultiDAG 2.0 - that aims to transition the ecosystem from a single currency infrastructure to a multi-token network.
In a press release shared with CryptoPotato, Coti also revealed the launch of the Mainnet on December 29th, during which Explorer 2.0 was also deployed alongside the Bridge 2.0 wallet app.
In a statement, the team behind the protocol said,
'This launch signifies a massive step for the crypto industry, as well as COTI, as the MultiDAG 2.0 will increase the growth of the widespread adoption of crypto payments for enterprises that are yet to adopt crypto payment solutions. The transition from a single currency infrastructure to a multi-token network is an exciting step for us, and we're glad to have your support on this important path.'
MultiDAG 2.0 Launch
The MultiDAG 2.0 protocol leverages the CMD (COTI MultiDAG) standard that facilitates the issuance of tokens on top of the COTI Trustchain, a concept similar to the ERC20 token on Ethereum. However, in the case of this protocol, the issuance takes place on a single DAG.
The release is expected to boost Coti's position to help enterprises by allowing them to launch their own Private Payment Network (PPN) which includes the issuance of CMD branded payment tokens, issuance of CMD branded loyalty tokens, and more.
According to Coti, these new tokens will have the same capabilities as that of the Trustchain in terms of high scalability, security, and...
|Cardano asset trading platform Tent integrates COTI stablecoin DJed
COTI, a DAG protocol optimized for decentralized payment networks, announced today that it a formed a partnership with Trading Tent, a platform for trading any type of native Cardano asset within two wallets.
Through this partnership, Trading Tent will integrate $Djed into their trading system to enable the stablecoin for buying and trading of Cardano NFTs, along with other native Cardano assets.
'The integration of DJed into Tent will add a new layer for traders to trade their favorite NFTs. Stablecoins like Djed are quickly gaining popularity amongst NFT marketplaces as an alternative solution to the volatility risks of traditional cryptocurrencies. We’re really excited to be along with the first integrations of DJed into day-to-day case uses.”
- Sam Portillo, Strategic and Creative Director of Trading Tent
Tent.io is a service that allows users to live-trade native Cardano assets (NFTs, tokens, and/or ADA) in a single transaction easily, securely, and instantly.
The post Cardano asset trading platform Tent integrates COTI stablecoin DJed appeared first on CryptoNinjas.
|COTI links with Cardashift to accelerate social & environmental projects...
COTI, a DAG protocol optimized for creating decentralized payment networks and stablecoins, has now announced another fresh partnership, this time with Cardashift, Cardano’s community-run launchpad. Cardashift will COTI explore possibilities to offer Djed to Cardashift and the projects it supports.
This partnership, among over 20 others, will support the development of the Cardano DeFi ecosystem.
“Cardashift is excited to announce its new partnership with COTI to support the development of the Cardano ecosystem. We do believe that strengthening links between Cardano major actors could be an efficient way to democratize blockchain technology! Cardashift and COTI will share knowledge to support impactful projects and create a virtuous Cardano investing ecosystem.”
- Vincent Katchavenda, CEO, Cardashift
Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues. Cardashift is based on the blockchain platform, Cardano.
“By working with Cardashift and exploring Djed possibilities, Cardashift is helping new businesses to succeed and scale their idea from start to end: with a finished product/service, We are happy to see more and more projects joining us to ensure Djed’s utilization across the Cardano Defi ecosystem.”
- Yair Testa, Head of Business Development, COTI
The post COTI links with Cardashift to accelerate social & environmental projects using Djed stablec...
|DAG-based blockchain ecosystem COTI launches $10M ecosystem fund
DAG-based blockchain ecosystem COTI, today announced the launch of ecosystem fund: COTI Ventures.
There will be an initial budget of $10 million USD, which will be used to invest in equity, tokens, and other forms of capital in early-stage startups developing solutions related to COTI's ecosystem.
'We're focusing on investing in strong and experienced founding teams with a robust business plan that relies on a great product-market fit and a quick time to market, thus creating strategic partnerships and encouraging new use cases for our tokens, products, or infrastructure.'
- The COTI Team
Recently, the fund has made its first investment in WingRiders, a new and encouraging Cardano DEX, joining other participants in the funding round that included cFund, Longhash, and others.
The second investment was made in ADASwap, which raised $2.6M in a recent funding round.
Both investments include a partnership with the projects, as well as Djed (crypto-backed algorithmic stablecoin that acts as an autonomous bank, developed by IOG and issued by COTI) integration into their platforms, which increases Djed's participation in trading through liquidity pools, Djed pairs, and more.
COTI Ventures welcomes builders and early-stage projects interested in collaborating with the COTI ecosystem to apply for investment by sending an email to: firstname.lastname@example.org.
The post DAG-based blockchain ecosystem COTI launches $10M ecosystem fund appeared first on CryptoNinjas.
|COTI Launches a $10 Million Fund for Ecosystem Development
The blockchain payments network COTI has unveiled COTI Ventures, which will focus on investing and capitalizing on the 'upside opportunity' in the COTI ecosystem.
The initial budget is $10 million, directed towards equity, tokens, and other forms of capital in early-stage startups developing solutions associated with the COTI's ecosystem.
As per the release shared with CryptoPotato, COTI's Chief Financial Officer, Yair Lavi, and a team of analysts and researchers will spearhead the fund. They will be tasked with identifying opportunities for collaborations and analyzing ways to contribute to the COTI business model.
In addition to the initial investment, the team will also guide the selected projects and leverage expertise, connections as well as resources to assist them in achieving their business objectives.
COTI says that the focus is to churn out 'strong and experienced founding teams with a robust business plan that rely on a great product-market fit and a quick time to market.' With this initiative, COTI joins the likes of Andreessen Horowitz (a16z), Sequoia, Bessemer, and Bain, which have established Web 3 and blockchain-focused funds.
While talking about his role in COTI Ventures, Lavi stated,
'I look forward to my new adventure as head of COTI Ventures. During my 4 years at COTI, I’ve seen our ecosystem, as well as our variety of products and services, grow tremendously, and the next evolution is to encourage new teams to work together with ...
|COTI Releases 2022 Roadmap: Plans to Focus on Becoming a Robust Payments...
The open-source payment infrastructure program COTI has released its roadmap for 2022 as it aims to position itself as a go-to Layer 1 for payments.
COTI's 2022 Roadmap
In a press release shared with CryptoPotato, COTI revealed that it is building a Layer 1 with its DAG-based Trustchain. It also plans to build the necessary tools required for mass adoption by providing wallets, banking solutions, processing tools, etc.
With the help of the MultiDAG 2.0 layer, COTI intends to issue more tokens on top of its Trustchain enabling developers, merchants, and enterprises to issue tokens with features such as scalability, high throughput, cost-effectiveness for payments like COTI Pay Business.
Expanding COTI from a one coin network to a Layer 1 with multiple tokens on top of it to be leveraged by consumers and merchants around the world remains the main goal behind the move. Development of MultiDAG 2.0 is currently underway and will be launched on mainnet in Q3. In the following quarter, COTI seeks to offer its enterprise clients to use of the MultiDAG technology for the purpose of stablecoins and other digital currencies issuance issue stablecoins.
COTI and Cardano
COTI also revealed that it will launch Cardano’s first-ever stablecoin Djed on testnet in Q1. After an external security audit is performed and the results are received, it will be deployed to the mainnet, which is slated for Q2. The focus will then be shifted to managing Djed’s liquidity bootstrap...
|COTI in 2022, The Relationship With Cardano, NFTs & BTC: Interview with ...
Shahaf Bar-Geffen is the CEO and founder of COTI Network, a blockchain-based payments network.
Bar-Geffen has a rich background in the tech field, and, believe it or not, back in 2016, he sold a media company by the name of Web3 to Mccan Erickson Group (IPG). He also founded a company called Positive Mobile - one of the first venues to advertise on smartphones and a company that was also acquired later on.
His crypto passion started in 2015 and became even more serious when he founded COTI in 2018. Since then, COTI had become a noteworthy player in the field.
In this exciting episode, we chat about what is COTI, its close relationship with Cardano, the CVI - which is the crypto version of the famous VIX, and of course the market sentiment and the recent trends - NFTs and the metaverse.
What is COTI? The 2022 Edition
First things first, COTI is a layer-1 protocol that has its own native chain. It's optimized to do payments - more precisely, consumer-merchant payments.
'This means that we've built everything from the grounds up to specifically solve the issues around payments.' - According to Bar-geffen.
Talking about the issues that COTI stands to solve, the world's underbanked population came to rise, and he argued that the currently existing system is just not cut to handle issues of this kind. Centralization, expensive transactions, lack of transparency - these are all just some of the challenges that COTI tackles, in the words of Bar-Geffen. He also explained some of...
|COTI Expands Staking Opportunities With Launch Of Its COTI Treasury
The COTI Treasury is finally up and running, giving community members with an appetite for greater risk more options to capitalize on their ecosystem investments.
Described as an “algorithmic and decentralized $COTI pool”, the COTI Treasury will grow over time as it collects fees on all COTI ecosystem transactions, and users will have the opportunity to earn some of those rewards by staking their tokens in it.
While staking has previously been available with COTI it has up until now had fairly limited functionality. With the COTI Treasury, users can set their own risk tolerance and benefit from much higher APYs, so long as they’re willing to accept a higher possibility of their deposits being liquidated.
“The Treasury binds everything that we do at COTI into one coherent system,” said COTI Shahaf Bar Geffen. “Our commitment is to continue to grow the ecosystem in terms of services, volume, and partnerships to enable lucrative rewards for our users”.
The way it works is this: First, the user decides how much $COTI they’re willing to deposit into the Treasury (any amount) and the duration they want to lock up their coins for. Then, they select the multiplier, which has a direct impact on the APY they’ll earn. A 1X multiplier comes with the lowest risk and, consequently, lowest APY, while a 4X multiplier can offer an extremely generous APY of 80% or more, depending on other factors, though such a high potential reward comes w...