Cogito and Djed Partner to Advance Development of Blockchain Payment Technology
We are excited to announce Cogito Protocol, SingularityNET’s spinoff, has entered into a strategic partnership with COTI, a Layer 1 enterprise-grade fintech platform. With COTI’s blockchain technology and SingularityNET’s expertise in artificial intelligence, the two companies will work together to build a payment blockchain technology.
Cogito Protocol offers an AI-driven framework for tracercoins, a new class of digital assets that includes a stablecoin completely independent of fiat or any other digital asset. Tracercoins are not tied to fiat or other traditional financial instruments like stablecoins are. Instead, they track synthetic indices that measure global human development. Besides using AI to stabilize the price, Cogito will add Djed, a crypto-backed algorithmic stablecoin developed by COTI, to its treasury in order to further stabilize the Cogito stablecoin while also establishing a Cogito/Djed trading pair. This will also accelerate Djed’s utilization across the Cardano ecosystem, creating more use-case opportunities.
Cloris Chen, CEO of Cogito Protocol, said:
“We have been observing COTI and Djed for some time now. Their technology and ideas are what made this partnership possible. This will definitely boost both Djed and Cogito’s growth and will benefit both the SingularityNET and Cardano ecosystems.”
DJED is a stablecoin that has close to no risk and is pegged to the US Dollar. Cogito offers low to mid-risk tracercoins that will deviate from the dollar’s values. Having a DJED stablecoin in a portfolio will decrease the risks and enable investors to have safer assets.
Cogito Protocol will be launching two tracercoins, GCOIN and XCOIN. The former coin tracks progress in environmental development, while the latter follows advancement in technological singularity.
About Cogito Protocol:
Cogito Protocol is a spin-off of SingularityNet. It offers a framework for creating tracercoins, which are a new class of assets that range from low-volatility stablecoins to medium-volatility growth assets. This approach helps attract a diverse, global investor base with a low to medium risk appetite.
About COTI and Djed:
COTI is a DAG-based Layer 1 with a focus on specifically designing and providing enterprise-grade fintech solutions. COTI’s Protocol is scalable, fast, private, inclusive, low cost, and optimized for finance.
DJED is a crypto-backed algorithmic stablecoin contract that acts as an autonomous bank. It operates by keeping a reserve of base coins, and minting and burning stablecoins and reserve coins.
To learn more visit us at Tracercoin | Cogito Protocol and COTI.
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