I am a big $COTI Bull as you know. Today I wanna highlight why so.
A thread ⬇️
(1/6) $COTI issues the stablecoin for the cardano ecosystem, it’s dex‘es & lending/boring protocols
Ada mcap 40 billion
Coti mcap 340 Million or 0.34 billion
-> more than 100x smaller
(2/6) $COTI has partnered with a lot of the #Cardano defi protocols and a lot more to come. So we could guess that the $DJED adoption will be huge and fast. (It’s a lot more as pictured)
(3/6) $COTI will collect the #DJED fees and use it to buy back #COTI Just like a stock buyback program. If we look at how big and active the #CardanoCommunity is the collected fees will be significant, although #Cardano fees are marginal compared to others
(4/6) with that in mind, coti treasury went live 8 days ago, there are already 260.000.000 million coti staked via treasury + 80.000.000 million still staked via staking 3.0 = 340.000.000 million coti are staked!
-> and staking for us citizens isn’t even live! Supply shock inc.
(5/6) coti isn’t just #cardano‘s stablecoin issuer, it’s a Blockchain on its own, which is described as next generation Fintech!
With their directed acyclic graph data structure they can drive up scalability tremendously and process over 100.000 transaction per second!
(6/6) #Coti‘s Team is highly reputable in the traditional finance sector with a lot of financial experience and great connections.
Today i want to shed some light, why i have allocated 70% of my portfolio in #Cardano
A Thread⬇️
(1/7) i discovered #Cardano back in mid 2020 and was totally in love with their scientific approach to build a fair, sustainable and decentralized network that serves the many as well as the few
(2/7) As Kraken also said in their report, #Cardano is a Nakamoto-Style Cryptocurrency with a Bitcoin like supply model that deflates over time, a sustainable PoS model, a functional programming language called Haskell & a road to scalability ucarecdn.com/ff38dd08-5947-…