Djed Archives - Cryptolifedigital

Binance Adds Support For The COTI, The Official Issuer Of Cardano Stablecoin, Djed, To Enable Borderless Crypto Payment

28Oct

By CryptolifedigitalNo Comments

Cardano

Binance Adds Support For The COTI, The Official Issuer Of Cardano Stablecoin, Djed, To Enable Borderless Crypto Payment

In a recent COTI announcement, it was made known that Binance, the world's largest cryptocurrency exchange had added support for the COTI, a DAG-based Layer 1 platform. It is worth noting that support will allow users of Binance Pay can now send, receive, and make payments using the popular cryptocurrency. Binance Partners With COTI The new development was made known also on the COTI official Twitter handle saying; “We are happy to announce that Binance Pay now supports COTI to enable borderless crypto payments! This will allow millions of Binance users to send, receive and make payments in COTI,” Read Also: Following The Arrival Of New Validators, Over 111 Billion LUNC Are Staked In One Day https://twitter.com/COTInetwork/status/1585637254428401665 However, the announ...

COTI Announces A Partnership Between Cardano’s Djed And Empowa

3Oct

By OLAJIDE SAMUEL3 Comments

Blockchain, Cardano

COTI Announces A Partnership Between Cardano’s Djed And Empowa

The DAG-based Layer 1 protocol, COTI unveils a new partnership for the official stablecoin of Cardano, Djed, as Empowa, a RealFi Project built on the Cardano blockchain Partners With Djed in order to transfer funds to the African building partners https://twitter.com/COTInetwork/status/1576919715532111873 Djed Versus Empowa Per the post, Empowa, a RealFi blockchain project built on the Cardano network, is the latest firm to indicate interest in the stablecoin. It is worth noting that after Empowa’s partnership with COTI, the company will add Djed as a payment method to facilitate funds transfer to local building partners. Read Also: The Ripple's Usual Monthly Unlock Of 1 Billion XRP Tokens Did Not Happen In October, Could It Be That The Total 55 Billion XRP Locked Has Be...

COTI, An Official Issuer Of Cardano’s Stablecoin Announces Another Partnership With Cogito Protocol

20Sep

By Cryptolifedigital1 Comment

Cardano

COTI, An Official Issuer Of Cardano’s Stablecoin Announces Another Partnership With Cogito Protocol

COTI, the official Djed issuer, Cardano’s new stablecoin, has announced another collaboration for the algorithmic stablecoin, Djed. According to the medium post released today by COTI, Cogito Protocol is the latest firm to indicate interest in Cardano’s Djed. Read Also: Over 581 Million XRP Were Reshuffled By Ripple's Whales. “We are pleased to announce another Djed partnership, this time with Cogito Protocol, a spin-off from SingularityNET, a multichain, decentralized AI platform,” COTI said in an announcement. https://twitter.com/COTInetwork/status/1572210264191148032 Essence Of The Partnership As stated in the announcement, Cogito Protocol will explore the certainty of launching stablecoin trading pairs between Cardano’s Djed and its tracercoins, a new class o...

Djed, Cardano’s Algorithm Stablecoin To Be Release On The Mainnet After Vasil Hark Fork Deployment

1Aug

By Cryptolifedigital2 Comments

Cardano

Djed, Cardano’s Algorithm Stablecoin To Be Release On The Mainnet After Vasil Hark Fork Deployment

Cardano had to go a lot last month with the Alonzo hard fork to introduce the smart contract operability to the network. The next set of projects to be launched includes the Hydra L2 protocol, and the Djed stablecoin but the date for the lunch is not revealed yet. The date was not revealed by the COTI and IOG precisely but since the project was waiting for the release of the Vasil hard fork before it was postponed for weeks for Engineers to carry out a further test on it. Read Also: Over 4.7 Billion SHIB Have Been Burned In The past 30 Days, 1.13 Billion SHIB In A Week, 216.48 Million SHIB In The Past 24 Hours Djed has to wait for Cardano’s development to be fully done, for the Djed not to go through the same rigorous development before its release. In this premise, Shahaf Bar...

WingRider, a Decentralized Exchange Built On The Cardano Blockchain Network Now Partners With AADA Finance: See The Detail

27Jul

By Cryptolifedigital2 Comments

Cardano

WingRider, a Decentralized Exchange Built On The Cardano Blockchain Network Now Partners With AADA Finance: See The Detail

The partnership of the WingRider, a decentralized exchange built on the Cardano blockchain network, and AADA Finance, a lending protocol that runs on the same Cardano chain but is backed by NFTs was made known on their official Twitter handle. https://twitter.com/wingriderscom/status/1552019032974528518 As a result of the collaboration, the users can now swap their collateral to ADA if loan liquidation is initiated. Facts About The WingRider It is good to know that the WingRider is the largest decentralized exchange on Cardano with a $52 million total value locked. The mode of operation is also explained in a graphic video attached with the updates and it explains as follows: There are two ends in the operation and the centerOn one end, there is a Rider representing the W...

The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork.

22Jul

By Cryptolifedigital1 Comment

Cardano

The Cardano’s Algorithm Stablecoin, Djed Sees Multiple Partnerships Ahead Of The Vasil Hard Fork.

As the Vasil Hard Fork is fast approaching as well as the Djed moving towards the mainnet, the Cardano’s algorithm stablecoin, Djed has seen 35 fresh partnerships. The completion of the Vasil Hard Fork and the end of the final audit may be an indication of the deployment of Djed on the mainnet says the Djed team. As reported by Cryptolifedigital, the Hard Fork is awaited in the final week of July and as stated by the Djed team, this upgrade will make provision for the scalability needed to run Djed on the mainnet successfully. https://twitter.com/COTInetwork/status/1549378810621165570 According to a tweet on 19th July, the partnership of the Djed and Astarter, a DeFi infrastructure hub on Cardano was made known. This implies that Astarter will be using Djed to add native Car...

Iagon Adopts Djed As A Storage Exchange Payment Method With Support Of COTI

15Jul

By Cryptolifedigital1 Comment

Cardano

Iagon Adopts Djed As A Storage Exchange Payment Method With Support Of COTI

COTI has been absorbed into another partnership with Iagon. Djed is a collateralized algorithm stablecoin and will be adopted as a storage exchange payment method on Iagon’s shared storage economy platform due to this partnership. https://twitter.com/COTInetwork/status/1547205071007617025 Djed has previously partnered with the MuesliSwap, which will soon become the first Hybrid DEX on Cardano. The partnership made Djed available on the MuesliSwap trade. Read Also: Ethereum’s Ninth Shadow Fork Go live In Preparation For The Main Merge The partnership of Djed with MuesliSwap will make permit the MuesliSwap to pair the Djed with other coins on their DEX thus making it possible for the liquidity to be provided through Djed trading pools on MuesliSwap and for the users to generat...

Hollywood Actor Martin Lawrence Is Working on a Cardano-Powered NFT Collection.

8Jun

By Cryptolifedigital2 Comments

Cryptocurrency

Hollywood Actor Martin Lawrence Is Working on a Cardano-Powered NFT Collection.

On Tuesday, June 7th, an American comedian and actor Martin Lawrence explained how he is joining the Cardano ($ADA) community. His comments were made in the course of a conversation on Twitter spaces with Patrick Tobler, Founder, and CEO of NFT-MAKER, and Charles Hoskinson, Co-Founder, and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano’s research and development. Read Also: Shiba Inu ($SHIB) Comes To “The World’s Longest Running Crypto Exchange” Below are some points in the Lawrence and Hoskinson’ discussion When and How Lawrence Got Into Crypto “A couple of years ago, when my team brought NFTs to my attention.“ Lawrence’s First Impressions of Cryptocurrencies and NFTs “I want to learn m...

Cardano Users to Explore Djed Stablecoin Trial on EVM Sidechain: Details

5Jun

By Cryptolifedigital1 Comment

Cryptocurrency

Cardano Users to Explore Djed Stablecoin Trial on EVM Sidechain: Details

According to a recent announcement by the Milkomeda team, Cardano users might soon be able to test Djed stablecoin on the Milkomeda testnet. The team said it was going to make available a testnet version of Djed on Milkomeda testnet, thus allowing users to explore the algorithmic stablecoin. Milkomeda is an Ethereum Virtual Machine (EVM)-compatible sidechain, letting developers achieve cross-chain interoperability between Cardano and Ethereum. Read Also: Comparing Centralized And Decentralized Crypto Exchanges (Advantages & Disadvantages) https://twitter.com/Milkomeda_com/status/1532780158205173761 The Milkomeda foundation announced the launch of C1, an Ethereum Virtual Machine-compatible sidechain that is directly connected to the Cardano blockchain, in late Mar...