TechFlow News, the COTI Foundation, a Layer1 blockchain for decentralized payment solutions, announced its latest 2024 progress update on X.
The details are as follows:
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In December, COTI successfully soft-launched a private payment network and introduced the first token DPINR for key players in the gaming industry.
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The PPN solution will be compatible with COTI V2 at launch. After the testnet launch phase begins, migration of clients and products from COTI V1 to COTI V2 will commence, including all CMD tokens such as DPINR.
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The reserve ratio of DJED is currently at 450%, significantly higher than the minimum threshold required for minting and burning $DJED and $SHEN.
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A snapshot is taken every epoch to calculate and distribute rewards to SHEN holders. Delegation rewards for SHEN holders were distributed during epochs 452–456. Epoch reward data will continue to be published regularly.
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The plan to upgrade infrastructure to a privacy-focused Ethereum L2 is progressing smoothly, with major updates expected in the coming weeks.
Notably, DJED is a decentralized stablecoin soft-pegged to the US dollar and operates on Cardano’s Layer1 blockchain.
