No. It is basically a proper crypto bank. Coin of the internet (COTI). Israeli start up with full banking rights and a trustchain wallet blockchain. The Treasury is an interesting staking concept with 4 levels of risk starting with a level 1 (no risk) up to a level 4 (can be liquidated). Each level has various ARP and time levels for staking which you select. The bank card is only available for EU right now and once they have passed all banking regulations for stable coins and crypto they will run out the rest.
The Enterprise token is a secondary token that will be released in Q4 and 2 major clients are involved. Who they are no one quite knows but info will be released in Q3. DJED is the Cardano stable coin which is ready for launching for Cardano DeFi. All fees feed back to treasury for Coti stakers. They are the only genuine banking crypto project around having IBAN and Swift numbers for your accounts. They are in discussions with Governments for rolling out their digital currencies in the form of a stablecoin and one reason why I have jumped in quite big with this one.
Posted Using LeoFinance Beta