The COTI Foundation has released recent work progress, and the reserve ratio of DJED is currently 450%

The Layer1 blockchain of the decentralized payment solution COTI Foundation has made further progress in its 2024 work.

Specifically:

In December, COTI successfully soft-launched a private payment network and introduced the first token DPINR for major participants in the gaming industry.

The PPN solution will be compatible with COTI V2 upon release. After the start of the testnet release phase, customers and products will be migrated from COTI V1 to COTI V2, including all CMD tokens such as DPINR.

The reserve ratio for DJED is currently 450%, well above the minimum required for minting and burning $DJED and $SHEN.

Snapshots will be taken during each period to calculate rewards and distribute them to SHEN holders. Delegation rewards for SHEN holders will be distributed in periods 452-456. Epoch reward data will continue to be released.

The plan to upgrade infrastructure to a privacy-centric Ethereum L2 is progressing smoothly, with significant updates expected to be released in the coming weeks.