I know quite a few of you have COTI in your portfolio so I do try and keep you informed of what is going on as in Crypto we know nothing ever stands still.
It has been 3 weeks since DJED was launched on the Cardano eco system and still relatively small is now the 4th largest project on the Cardano chain. The main objectives have been reached being security and stability which was the most important factors.
Next up is the lending and borrowing along with payments as use cases and adoption is the important part of any coin. We knew there were over 40 projects on Cardano that had signed up to partner DJED and these are slowly going to filter through. Liqwid, AADA (lending and borrowing) and NMKR are up next adding DJED to their ecosystem so this is definitely all planned along an organised timeline. Those who thought we would have billions of DJED after a few weeks read the situation wrong as that would only happen once this has all run out smoothly.
It looks like we have only had 1 payment for DJED so far and expect we are due for another one really soon so the APR will hopefully rise again as it currently sits as 7.01% for those in the Level 1 120 day no risk. High risk is Level 8 and that is 8 x on 56.8% APR.
Shahaf who is the head of COTI mentioned yesterday that they are busy with Binance in regard to a replacement stablecoin for BUSD which was supplied by Paxos. As we know COTI is a token factory that is well versed in regulation and decentralised smart contract stablecoins so they have that in their favor. Will it happen we don't know as obviously this is up to Binance with the final decisions, but this has not been ruled out as discussions are taking place. This would just be a bonus as far as I am concerned as this has literally dropped out of the blue and was not part of the planned roll out for this year.
GCOTI is going to be airdropped as this has already been minted with 10% being allocated for all holders of COTI. What is mentioned is GCOTI will have quite a significant value attached to this so I hope it really does as COTI is my second biggest bag after HIVE. Free money is always welcome and I will not be selling it either as this will help generate more COTI in the future by increasing the APR on offer when staked together.
The new Treasury will be available soon which will allow many more tokens to be staked. I suspect DJED and SHEN along with GCOTI will be the first, but this is also gearing up for the Enterprise tokens due later in the year. Who they are we still have no clue due to the NDA's in place but they are big hitters in the marketplace so this is the main draw card for myself along with possibly supplying CBDC's for various countries.
