COTI to Partner with GADA to Use Djed as the Stablecoin For Their Launchpads!
After the exciting launch of the Djed Public Testnet, we are pleased to announce our new partnership with GADA, a permissionless and community-governed launchpad for Cardano based projects and ideas.
The partnership scope will encompass the integration of Djed, on GADA’s ecosystem, which will bring more fundraising options to both investors and project owners and will alleviate the potential adverse effects of market volatility by using other currencies.
João Sousa, Founder and CEO of GADA commented: “The Cardano DeFi ecosystem needs funding as Cardano based ideas have been incubating for years and GADA is ready to democratize fundraising on the Cardano blockchain through its two launchpads — GADA Pro and GADA Light. Our partnership with Djed will provide a stablecoin to the GADA ecosystem, offering more fundraising solutions for investors and project owners. I believe a lot of synergies can be created with COTI.”
Shahaf Bar-Geffen, CEO of COTI said: “This is another milestone towards incorporating Djed’s utilization across the Cardano Defi ecosystem. We are happy to partner with GADA and help them continue to democratize fundraising on the Cardano blockchain. ”
With Djed’s integration, GADA’s launchpads will have a convenient unit for fundraising that is stable. This partnership will ensure the proper and seamless utilization of Djed and create an increased use-case for the stablecoin across multiple platforms.
GADA is empowering projects and ideas with the ability to distribute tokens and raise liquidity through its two launchpads — GADA Pro and GADA Light. The GADA ecosystem is meant to go beyond launchpads. From incubation to product launch GADA intends to create a one stop for project development and launch on Cardano. GADA Pro is a launchpad that aims to fundraise Cardano based projects, having the need for KYC and GADA Light is a launchpad that aims to do the same but without the need for KYC and KYT.
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf