Cosmos Group Holdings (OTCMKTS:COSG) Stock Rallies After Strategic Partnership

On Wednesday Cosmos Group Holdings (OTCMKTS:COSG) was one of the stocks which came into focus among investors in a big way and ended up with gains of 15% amidst heavy interest. The rally came about after the company announced yesterday that it inked a Memorandum of Understanding with Smart Citi Teknologi with regards to a strategic partnership.

Trading Data

On Wednesday, COSG stock jumped 15.34% to $0.0094 with more than 55.14K shares, compared to its average volume of 56.51K shares. The stock moved within a range of $0.0068 – 0.0094 after opening trading at $0.0094.

Cosmos Group Holdings And Smart Citi Teknologi Announce A Strategic Partnership To Roll Out Smart Cities Solutions With Art & Cultural Blockchain Services

The partnership would work on deploying the company’s skills in Art & Cultural Digital Ownership Tokens (DOTs) for the purpose of taking forward the development of Smart City Solutions by Smart Citi Teknologi.

Smart Citi Teknologi is a company based out of Philippines which specializes in the integration and development of technologies for Smart Cities Solutions. It provides a wide range of services which help in developing sustainable, smart and inclusive cities.

Cosmos Group is a firm which is involved in providing the services related to  Art& Cultural Digital Ownership Tokens (DOTs), which are non-fungible tokens created specifically through the utilization of distributed ledger technology. It provides a digital identity to the owner of a tangible or intangible asset through the embedding of legally binding ownership documentation on to the meta data of the DOT.