Ever since the entity successfully launched the COTI Treasury, it has been able to witness an extremely speedy pace of growth. At the present moment in time, it boasts of having been able to accumulate more than half a billion $COTI.
We are proud to share that the COTI Treasury has reached an amazing milestone of over half a billion $COTI deposited, capturing over 45% of COTI's circulating supply!
Read more: https://t.co/ku0T6GdXcp
Stay COTI! pic.twitter.com/6ctaRuBNoq
— COTI (@COTInetwork) February 22, 2023
It has, in actuality, become the very backbone of the COTI economy. This half a billion happens to be equivalent to 42% of what is in circulation currently. This, indeed, happens to be an absolute indication of the enormous amount of faith users have in the products they are creating.
The Treasury happens to be the prime factor in COTI’s ecosystem. All of the processing fees that have been accrued through the retinue of products that have been created happen to be forwarded to the Treasury, followed by it being disbursed to the users.
As per the entity’s game plan, they happen to be on the verge of delivering Treasury 2.0. This will be coming with suitable modifications that have been made, thus making it just that much more effective. This will happen to be the very first instance when the Treasury will be providing the opportunity for new tokens to be deposited and enclosed, along with bringing forth new use cases.
The necessary modifications that have been duly carried out on the Treasury will happen to be extremely beneficial in the case of the present Treasury participants. Along with that, it will also be providing COTI with the opportunity of furthering the reach of the Treasury in terms of various other network participants, as well as token holders.
There also happens to be the further matter of the deliverance of gCOTI, which happens to be the entity’s Treasury governance token and which, incidentally, is in the minted stage. This happens to be as per their game plan.