Israel, 15th May 2023, King NewsWire – COTI, the fast, scalable, and decentralized payment network, announced that it has received a fresh batch of operational fees from Djed, the algorithmic stablecoin platform. The fees were converted from $ADA to $COTI on the open market and sent to the COTI Treasury, where they will be used to reward its participants.
“COTI creates the world’s leading digital infrastructure for payments and enterprise tokens”
This recent milestone further enhances COTI’s unique approach to offering competitive APYs while maintaining an efficient and cost-effective ecosystem. With the latest conversion, the APY has been boosted to 45%, offering an attractive incentive for holders to participate in the network.
The conversion of $ADA to $COTI on the open market was a strategic move that allowed COTI to manage the liquidity of the network while ensuring that participants continue to receive maximum rewards. The process was executed seamlessly, with no impact on the performance of the network.
The COTI Treasury, which is governed by the COTI community, has been designed to ensure that all network participants benefit from its growth. As the network continues to expand, so does the Treasury, ensuring that rewards are distributed fairly and transparently.
According to COTI’s CEO, Shahaf Bar-Geffen
“We are excited to receive this latest batch of operational fees from Djed and are pleased to see the continued growth of the COTI Treasury. The conversion of $ADA to $COTI on the open market allowed us to manage the liquidity of the network while offering maximum rewards to our participants. We remain committed to building an efficient, cost-effective, and user-friendly payment network that delivers real value to its users.”
COTI’s unique approach to offering competitive APYs while maintaining an efficient and cost-effective ecosystem has been a key driver of its success. By rewarding its participants fairly and transparently, the network has continued to grow and expand, attracting new users and investors.
COTI’s latest move to receive operational fees from Djed and boost its APY to 45% is another testament to its commitment to delivering value to its users. By offering a user-friendly and efficient payment network, COTI has carved out a unique niche in the industry. COTI is poised to play a leading role in shaping the future of payments with its continued growth and development.
Let’s explore more valuable services of COTI Since its Inception
COTI, the revolutionary blockchain-based payment solution with completion of current milestone of achievement is pleased to announce its more achievements for the holders. Since its inception, the company has strived to provide the fastest, most affordable, and most user-friendly payment solution, powered by cutting-edge blockchain technology.
The COTI Pay App
The company has recently launched the COTI Pay mobile app, which allows users to send and receive payments instantly, securely, and at a low cost. The app features a user-friendly interface that enables users to manage their payments and view their transaction history with ease. With the launch of the COTI Pay app, COTI has taken a significant step towards creating a payment system that is accessible to all.
COTI has recently launched the COTI-X exchange, which allows users to buy and sell cryptocurrencies at a low cost, with instant transaction processing times. COTI-X leverages COTI’s advanced blockchain technology to provide a highly secure and reliable exchange, with features such as real-time trade execution, advanced order types, and a highly intuitive user interface.
The Upgraded Merchant Dashboard
One of the most significant updates is the upgraded merchant dashboard, which provides businesses with a more comprehensive view of their payment transactions. The dashboard now includes real-time updates on all transactions, allowing merchants to monitor and manage their payments more efficiently. The new dashboard, COTI has also introduced new payment options, including support for stablecoins and direct bank transfers
Instant Pay Technology
COTI has also enhanced its transaction processing times, with the introduction of its InstantPay technology. InstantPay enables transactions to be processed in real-time, allowing for faster and more efficient payments. This technology also reduces the risk of fraud, as payments are processed instantly, and cannot be reversed.
“COTI’s achievements in the payment industry are only the beginning.”
By utilizing blockchain technology, COTI believes it can create a payment system that eliminates the barriers that have traditionally limited payment solutions. COTI’s vision is to empower individuals and businesses with the tools to easily and securely transact with one another, regardless of their location or background. COTI’s ultimate goal is to be the go-to payment solution for people around the world, making transactions simple, fast, and secure.
To know more about COTI visit the website provided here and become a part of the future of payments.
Contact Person: Shahaf Bar-Geffen
Release Id: 1505233489
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Vedh Consulting journalist was involved in the writing and production of this article.