• Djed, the Cardano-based overcollateralized stablecoin, is seeing immense success since its release to the market.
• In only two days since launch, Djed has minted 1.85 million coins and burned 40,000 coins.
• Both Djed and SHEN are now listed on major Cardano DEXs like Minswap, Wingriders, and MuesliSwap as well as centralized exchanges such as Bitrue.
Djed Launch Successful
Cardano's overcollateralized stablecoin Djed's is making waves only two days after it's launch. The launch was a success with 27 million Cardano (ADA) tokens backed up by 800% reserve ratio and 21M SHEN (Djed's Reserve Coin) minted while 73K SHEN was burnt.
Mints & Burns
A total of 1.85 million Djeds have been mints and 40,000 of them have been burned thus far in the billion dollar market. This highlights the immense success of the coin after just two days of launching in the market.
Both Djed and SHEN are receiving wide coverage across many media publications, since their launch. Listings on many platforms have additionally reached a sizable number including major Cardano DEXs like Minswap, Wingriders, and MuesliSwap as well as centralized exchanges such as Bitrue. CoinMarketCap also listed both assets while initiatives such as CoinGecko and DefiLlama have unrolled Djed and SHEN to millions of users on their sites.
Trading Volume Increasing
The trading volume for both Djed/ADA and SHEN/ADA pairs is increasing on these platforms which will help to increase mainstream adoption of both assets further leading to more accessibility globally for crypto users using these tokens.
COTI also revealed upcoming upgrades for both DJED and SHEN which will further promote mass adoption for these tokens worldwide through an increased reach of potential investors from different parts of the world looking to invest in these lucrative assets provided by COTI through Cardano IOG alliance..