Cardano set to release 1st ever FORMALLY VERIFIED crypto-backed algorithmic stablecoin contract that acts as an autonomous bank / up to 8x over-collateralized and can thus prevent a death spiral by blocking the burning and minting of coins / can tolerate ADA's instantaneous crash of 75%
My prediction for today is that after the merge, there would be a slight dump that would happen in the market of which I'm going to utilize it by accumulating some ALBT and COTI. Then we would slightly recover and get back to our normal position.
I stake my ada to get rewards, and I use Minswap as my DEX. I can send multiple tokens in a single transaction which is cool. But right now there isn’t much to do. I have my MELD staked as well. I know AADA Finance came out today and I think it’s launching with NFTs bond which sounds cool. This is the first real DeFi app launching. When smart contracts came out last year everyone assumed the dApps were ready. But not all the tools were available to make them user-friendly. And many developers were waiting for Plutus v2 which comes with the Vasil hardfork. So even when Smart Contracts came out the reality is that the skill set to code in Plutus and the tools being use to create a product weren’t really there. Note that about 1000 “dApps” are in development but almost 50% of that is NFTs since they’re native assets on the blockchain as well. Pretty much Vasil should have launched along side of the smart contract release. So now we have another 4 months to a year of waiting for actually applications releasing. Better to do it in the bear market I guess. I do think the native Cardano oracle Charli3 will be functional right after the Vasil hardfork since it was waiting on read-only transactions to make funneling data more efficiently. I do think projects on Cardano are undervalued only because the teams are very solid and many of them will be available before the next Bitcoin halving. The vibe I’m getting is like watching Ethereum projects such as Decentraland, Chainlink, and Matic(now Polygon) in 2019. Although ecosystem size and circumstances are completely different. And one of the biggest issues right now with DeFi is there are no stablecoins yet that are actually on the blockchain. And while Ardana, and COTI have stablecoins coming I think most people would like to see USDC at least.
Caradno and COTI dropping DJED stable coin after the vasil hard fork---and all the projects waiting in the cut to start dropping systematically. ETH is 55% done after the merge. It is great that it will be deflationary and I can dump my ETH off a cliff (on the head of the people locked in beacon chain prison) but......gas won't change. 60 dollar sushi swaps, 30 dollar Erc20 transactions....ETH is a mess.
Only the ending part of your write-up made sense. Cryptocurrencies trading especially futures is for professional who have enough fiat. If you don't fall into this category, just simply buy a solid project and hold or stake. I'm doing that now with ALBT and COTI.
It’s the easiest basically.. jokes aside about buying and forgetting, I still remember when I bough COTI on KuCoin and I kinda forgot and I didn’t logged back in again for awhile… Then, I was seeing ATH news for COTI and remembered I had some - and boom, my first 10x back in 2020 I think it was… Now, I aim to do the same with BITS and FLD - new launches. I wanna buy from the beginning and just not think again about these bags. Let’s see if I manage to pull even more X-es.
Depends on your intended use of investment too for comparisons, e.g if we're talking Altcoin there are plenty slowly establish market share with solid interest, AXS, COTI , GMT all making 15-20% interest while also uptrending, raw value isn't necessarily king if you gain appreciation through more than one avenue on a currency, These small bear intervals are great for long term interest
tldr; Crypto Volatility Index (COTI) has integrated Chainlink Keepers’ smart contract automation service to help rebase CVI’s volatility tokens. COTI recently launched Armadillo, its new impermanent loss protection platform. The platform offers cross-chain protection that is fully decoupled from the corresponding liquidity. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Its how Bitcoin works it the most well understood address mechanism in crypto. Cardano is fast and cheap for a decentralized platform, if you want to sacrifice decentralization you can go faster/cheaper. There are so many things building on Cardano, World Mobile bringing decentralized internet to remote areas of Africa and the USA, Dish launching a reward platform, DIDs on Atala PRISM, national student identity program in Ethiopia, NFT Bonds from AADA finance, verifiable tree planting with Veritree, Djed stablecoin from COTI, multiple games building, the list goes on.
I'm heavy into Cardano and that also means I extend that into those in the UTXO Alliance. ADA, ERGO, CKB. COTI building a ADA stablecoin also. Taking a gamble still on CRO (meh, $5 a week 🤷♂️) BTC and ETH...of course! ALGO and ROSE have become my new DCA as I reel back some bags I've been DCA'ing for awhile in some coins.
Im hoping so, we have inflation numbers coming out Friday and of course the Cardano Vasil hardfork as well as their stablecoin coming soon, and so hopefully this is the precurser to a near term boom in ADA pricing. Im playing it with ADA as well as COTI who is the protocol building Cardano's stablecoin, DJED. It should be a deadly pair.
DCA into BTC 35%, ADA 30%, DOT 15%, ALGO 15% and some COTI 5% BTC cause it is a safe bet ADA and DOT cause I believe they will outpreform ETH in 3 years ALGO cause I think it may have its moment in the top 10 next bullrun COTI cause it has moonshot potential
They do have smart contracts. It's the Haskell functional language that is taking longer to standardize. Solidity use Python, every programmer know how to use it. It sure helps. The incoming stablecoin on test net is COTI using smart contracts.
I agree and it was developed by COTI which has regulated/legit connection to RealFi. They actually wrote mathematical peer-reviewed papers to prove it will work. Distinctly "Not move fast, break stuff." LUNA is the case in point. There are other projects people think are awesome that have been duct taped together and are just fundamentally flawed. Given enough stress there are other titans that are destined to collapse.
Would just like to point out, coming from crypto twitter, good lord is this a breath of fresh air seeing these comments without 1000 “your coin sucks” replies. With that said, ill be SLOWLY accumulating more ADA and COTI, especially with djed coming to mainnet soon
Thanks. I'll need to read more on it. That short video didn't do enough for me. Basically, I'm trying to figure out if the usage, market cap, supply of DJED goes up, which coin is impacted the most, ADA/SHEN/COTI or all the above. For now, I guess the key is to hold SHEN and COTI if the usage of DJED really takes off.
We’ll it’s not pegged to ADA, it’s pegged to USD. ADA can change value and can be used as collateral to get DJED. Not sure why they need both a collateral coin and also a reserve coin, SHEN. And the mention of COTI threw me off at the end of the video. If this is a UST/LUNA knockoff, it’s a lot more complicated.
Interesting, COTI just released their FoxNet version of the MultiDAG 2.0 today as well that will allow the release of tokens on top of COTI’s Trust chain. I wonder if there's any correlation here as COTI is a Payment Gateway Provider for Cardano.
Solana is up and down like a yo-yo. Nobody seems to care. IOTA has a centralized Coordinator. Nobody seems to care. BSV has fewer than 20 nodes and a single TAAL entity in control of its hashrate with the qdlnk Sybil. Nobody seems to care. COTI is so dead it often get only 10 transactions in an hour. No one seems to care. The market isn't rational. No one should expect rationality.
This is the first time I've seen a marketplace for AI. They ain't perfect (from the reviews), but they are possible. Definitely checking the others, I've checked about 7 of the sties and I am mostly interested on payment processors (specifically COTI and, by extension, AdaPay).
COTI holder here. What I like about this project is how team are delivering their products and communicating with their supporters. Price is also helping since it's not sinking from last year's speing high but instead made a new ATH in Autumn. DJED is coming soon. Everyone's on their toes for this.
Not sure what you consider microcap exactly but COTI, TRAC and OCEAN are all under $300M. One of the reasons those three were included was specifically because I wanted to identify some smaller projects that looked interesting.
tldr; COTI has outlined some of the major initiatives for the year in the roadmap below. COTI will launch MultiDAG 2.0 on Mainnet in April 2022 and will also launch the Djed token, Cardano’s formal algorithmic stablecoin. In Q3, we will launch the first version of COTi Pay Business, the next version of V2. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*