#029: Exchange Bitrue to List DJED on its Platform

Nucast.io Launches Atman NFT Collection

Welcome to This Week In Cardano

Read time: 5 minutes

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Hi Cardano Community,

Welcome to This Week In Cardano - your daily Newsletter covering the major updates in the Cardano Ecosystem!

This is what we have for you today:

  • 💵 Exchange Bitrue to List DJED on its Platform

  • 🎥 Nucast.io Launches Atman NFT Collection

  • 💎 Gem of the Day

This Week In Cardano

Your Daily Newsletter covering all major events happening in the Cardano Ecosystem

Exchange Bitrue to List DJED on its Platform

Cardano's stablecoin, $DJED, is set to be listed on Bitrue, a cryptocurrency exchange that has shown long-standing support to the Cardano community.

The listing, which is yet to have an official release date, will make Bitrue the first exchange to list $DJED and its collateral token, $SHEN.

Bitrue and Cardano

Bitrue has had a strong relationship with the Cardano community since 2018.

The exchange has supported the Cardano ecosystem and community in various ways, including:

  • Using ADA as a base pair for trading

  • Supporting ADA's decentralization through staking with community stake pools.

For the uninitiated: What are Stablecoins and $DJED?

Stablecoins are cryptocurrencies designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.

They are seen as a way to provide stability in a market that can be highly volatile.

$DJED is an over-collateralized stablecoin powered by COTI. It operates on a unique model in which the stablecoin is collateralized by $SHEN, which is in turn, backed by $ADA.

$DJED is overcollateralized 4 to 8 times its value in order to create a large margin of safety.

 The Listing of $DJED on Bitrue

The official listing date for $DJED and $SHEN on Bitrue has not yet been announced.

However, the exchange has stated that it will also be rolling out staking options and other campaigns for the two tokens. This development is expected to bring more visibility and accessibility to $DJED, and potentially increase its usage.

 Nucast.io Launches Atman NFT Collection

Nucast.io, a platform for digital collectibles, has launched the Atman NFT collection, which includes 1140 unique digital art pieces.

The collection is notable for its inclusion of an award-winning short film, Atman, as an additional component of the NFT package.

 The Atman Film

Atman is an award-winning short film that has been featured in India's largest newspaper, The Hindu, and presented at multiple film festivals.

The film can now be streamed through Nucast.io for those who purchase an NFT from the Atman collection.

This is an innovative use of NFTs, as it allows for the monetization of the film and the possibility for it to reach a wider audience.

 The NFT Collection

The NFT collection features 1140 high-quality digital art pieces, each of which can be purchased for 130 ADA.

This provides an opportunity for Cardano community members to own a unique piece of digital art and be part of the project's history.

The launch of the Atman NFT collection is a significant development in the usage of NFTs in the entertainment industry. It demonstrates the potential for NFTs to be used in real-world contexts.

Interested in sponsoring this Newsletter?

💎 Gem of the Day 🧵

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research9

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