I wouldn't call it an update via the team, but more of a forced one due to the weak and pathetic COTI investors crying for one on social media. The last update was prior to Christmas and the "investors" have lasted 3 weeks, actually that is a lie they were complaining and whining last week already. Unfortunately you cannot pick your investors in the crypto projects you select and this baggage is part of the ride. One can only imagine what they are like in real life.
The COTI team planned an update for next week which is still going ahead, but snuck a short one out earlier this evening on what has transpired over the last 3 weeks.
Late last year in mid December the COTI team launched the first stabecoin on the Private Payment Network (PPN) for the gaming/gambling company being the Delta Platinum Indian Rupee or DPINR. Since then we now know Delta Platinum is actually a major player in the online gambling sector with many gambling companies under their umbrella.
Over the last few weeks technical checkups have taken place on random users with no issues found and more importantly the gaming client is very happy. We knew it was a soft launch with a slow roll out making sure all further launches happen smoothly. The go ahead has been given to roll out the launch in February which will include the remaining Delta Platinum currencies being the digital Thai Baht, Korean Kwon, Chinese Yuan and Japanese Yen. The user base is massive and I personally have high expectations for this. I am also curious to see how this benefits the Gaming/Gambling company and if they are operating in a grey area authorities have not had time to prevent or restrict.
The other update is the COTI treasury which will allow both the COTI token and the COTI erc 20 token to be deposited in the Treasury. Currently this is only open to COTI native tokens and the exchanges that list those are minimal. I have been using Huobi/HTX and trust me I am no fan with Justin Sun in control. Thee exchange has been shut for over 6 weeks and only recently allowed COTI deposits and withdrawals, but still no HIVE is allowed in or out. Being able to buy COTI erc 20 tokens and deposit directly via Binance in to the treasury will make things far easier and expect the number of investors staking to rise.
COTI V2 which is the new token replacing the current COTI V2 is still on track for sometime in Q2. The new COTI V2 is an upgraded token offering security on the Ethereum network. This will still take a few months once it is launched and COTI V1 and V2 staking will be available until the swap over time is finalized. The hope is by then the American investors can enjoy the benefits of staking and using the Viper wallet.
This update as I mentioned before was more to placate the "needy" and a proper update will follow next week on Twitter (X) spaces. I could only imagine if this community was involved with a project like VET because there are literally zero updates and you have to go hunting on your own accord.