COTI Network Partnership With Cardax
COTI Network thrilled to announce another partnership, this time with Cardax, a DEX built on Cardano, to grow its network of strategic partnerships prior to the launch of Djed. Cardax DEX will adopt Djed and provide trading pairs with Djed and its Reserve Coin,Shen, making them available to everyone.
It is well known that the stablecoin is a fundamental element in Defi, allowing users a smooth on-and-off ramp for their crypto assets. Djed will make this happen natively on the Cardano blockchain. Its arrival will provide more exciting trading and investing opportunities inside the Cardano ecosystem. Being a decentralized, crypto-backed algorithmic stablecoin, Djed is resistant to censorship and adds security and openness to the Cardano Defi ecosystem. COTI Network stated that they are happy to team up with Cardax who will help to expand the adoption of Djed and its Reserve Coin, giving users access to its ecosystem.
“ We are excited to be partnering with Cardax to integrate Djed to their platform. We see the partnership as a necessary means to grow the accessibility of Djed once it’s launched”.— Yair Testa, Head of Business Development at COTI
“We are very pleased to partner with COTI for the integration of Djed into our DEX. Stablecoins are an essential part of DeFi. So we are happy to provide a platform where Djed will be able to find liquidity and users will be able to trade a stablecoin native to the Cardano ecosystem”.— Ryan Morrison, Founder & CEO at Cardax
ABOUT COTI Network
COTI is a fintech program that has established decentralized payment networks and stable coins. It lies on a multi-DAG (directed acyclic graph) data structure that processes over 100,000 transactions per second. It uses blockchain to run various products, including payment processing and finance using stable coins, a white label payment system, several loyalty networks, and cross-border remittance technology.
ABOUT Cardax
Cardax is a decentralized exchange that allows users to trade ADA for any Cardano Native Token.
RESOURCES
Medium
