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COTI - Currency of the Internet COTI - Currency of the Internet
Ash-

Hi all, is there any risk with leaving my coti

in the treasury? Is this tge same as lending to the coti team? Are these coins backed by my wallet keys?

#coti #cryptocurrency #english
0

5 ответов

14 просмотров
Vladyslav | COTI-

Treasury is secured enough. It’s cryptographically secured by a private key that is hashed in the network. There is a lot of information in the COTI white paper about that. More generally it is how wallets are secured in the network, every transaction has to be signed with private key. Recovering the private key is not possible.

0
02.07.2022
Ash- Автор вопроса
Vladyslav | COTI
Treasury is secured enough. It’s cryptographically...

Thanks Vlad, i have been burnt hard by Celsius and want to protects what funds i have left. I believe the interest is from liquidations in the treasury right? Not coti team making degen risks like other defi loan business?

0
02.07.2022
Vladyslav | COTI-
Ash
Thanks Vlad, i have been burnt hard by Celsius and...

Not only liquidations but also Djed operating fees that will be paid in ADA and deducted from the initial deposit and operational costs. These fees will be converted into COTI and streamlined into the COTI Treasury to be distributed as rewards to its users.

0
02.07.2022
Fireflight-
Ash
Thanks Vlad, i have been burnt hard by Celsius and...

I think part of the fees that are earned from the merchant payments also stream to the treasury. So all the coti revenue streams tie into the treasury (merchants, treasury fees, liquidations, soon djed, soon enterprise tokens, etc;.) 😊

0
02.07.2022

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