Djed - Vasil Hard Fork Next
DJED the stable coin supplied by COTI for ADA is ready to go and all that stands between the COTI stakers from making more revenue is the Vasil Hard Fork. This is set for the last week of July and then DJED will go live.
Everyone who knows ADA (Cardano) knows everything they do takes time and is still one of the older Cryptos to have not done very much. ADA promised loads and has never fulfilled much and now is the time to start shining. I have a feeling ADA will start to show an increase in price which we have not seen yet. The one thing ADA has going for the project is they have a hard core community firmly behind them who believe in the team.
This is ADA's staking which shows that 71% of all circulating ADA is currently staked earning rewards. This is without any DeFi which will start very soon and only expect this staking number to increase. 71% of 34 billion is rather impressive as that is a big number. This is one reason why i am very bullish on COTI as they supply the DJED stable coin which will create revenue for the COTI Treasury.
ADA has been developing it's blockchain for years and we all know development takes time to show as a dollar value. Having so much staked will create an instant demand for DJED as ADA stakers will need DJED to stake and pay for fees moving in and out of ADA DeFi.
The good thing about this is it has allowed testing to take place allowing for a couple of additions that the security audit highlighted. A new version of the code has now been submitted for the final audit. Security as we all know is of utmost importance so this has given DJED a few extra weeks which was obviously needed.
In the last few days there have been more partnership announcements and expect before DJED launches a whole host of others to be signed up. The more use cases for DJED the better as it means more fees filter back to the COTI treasury and honestly have been waiting a while for this to happen.
I have actually lost count of how many partnerships there are now which shows you how many there really are. There must be more than 40 already and within the next month I expect that to at least double in size. This is going to boost ADA and COTI taking them to the next level as ADA has a big community that has been waiting patiently for years to see smart contracts happen.
Posted Using LeoFinance Beta
