Currently, Iagon is working on launching the decentralized storage platform, and Djed will be a key component of the whole trading process. This collaboration will result in implementing Djed as a storage exchange payment means on Iagon’s shared storage economy platform.

Furthermore, Djed was developed by Input Output Global and is powered by COTI. It is a stablecoin relying on smart contracts and its reserve coin to maintain a stable price. In addition, the coin’s creators intended to power the Cardano’s DeFi ecosystem.

The project has undergone thorough testing on the Testnet. Once the verification is complete, an external security audit, COTI plans to deploy Djed on the Mainnet.

“Our partnership with COTI is essential to our platform. Djed will play a key role in our ecosystem because its low volatility makes it a reliable currency, perfect for down payments.” — Dr. Navjit Dhaliwal, Iagon’s CEO

This partnership, along with some of the previous ones we have announced, will ensure the proper and seamless utilization of $Djed and create an increased use case for it across multiple platforms.

ABOUT Iagon

Iagon’s mission is to revolutionize the cloud by developing storage and processing platforms where anyone can profit from shared resources. The whole value proposition circles back to the potential of blockchain technology by letting device owners join the storage and processing power grids to create a completely decentralized data cloud and supercomputer.

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ABOUT Djed

Djed is the first overcollateralized algorithmic stablecoin, built on Cardano. It uses smart contracts to ensure price stabilization, and the usefulness of the coin for decentralized finance (DeFi) operations. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins.

ABOUT COTI Network

COTI is a DAG-based layer 1, specifically designed for enterprises. It also meets the challenges of both centralized finance (fees, latency, global inclusion, and risk) and Decentralized Finance (fees, clogging, and complexity). It also introduces a new type of DAG-based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and optimized for finance.

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The post COTI Partners With Iagon appeared first on Smart Liquidity Research.

Iagon aims to provide a marketplace for decentralized computing resources, the future of digital utilities. Currently, Iagon is working on launching the decentralized storage platform, and Djed will be a key component of the whole trading process.

Dr. Navjit Dhaliwal, Iagon’s CEO said: “Our partnership with COTI is essential to our platform. Djed will play a key role in our ecosystem because its low volatility makes it a reliable currency, perfect for down payments. “

This partnership, along with some of the previous ones they have announced, will ensure the proper and seamless utilization of $Djed and create an increased use-case for it across multiple platforms.

About Iagon

Iagon’s mission is to revolutionize the cloud by developing storage and processing platforms where anyone can profit from shared resources. The whole value proposition circles back to the potential of blockchain technology by letting device owners join the storage and processing power grids to create a completely decentralized data cloud and supercomputer.

Website | Twitter

About COTI

COTI is a fully encompassing “finance on the blockchain” ecosystem. It is built on DAG technology and designed to meet the challenges of traditional finance. In an era of “everything digital” currencies remain outdated. Currently, it’s cheaper to pay in cash than to use banks, PayPal, Alipay and the like. COTI is the first enterprise-grade fintech platform. It empowers organizations to build their own payment solution and digitize any currency to save time and money.

Website | Twitter

SOURCE:

https://medium.com/cotinetwork/coti-partners-with-iagon-to-incorporate-djed-into-their-ecosystem-d307e6926301

The post COTI’s Djed Partners with Iagon appeared first on Smart Liquidity Research.