Comdex as a project is strictly aimed at facilitating open access to finance. Comdex’s enterprise trading platform enables the industry’s SMEs and MSMEs to build the trust required to ease and improve their access to financing. ShipFi will be the first of Comdex’s bridges between DeFi and CeFi, allowing for the creation and exchange of illiquid trade finance debt products. The synthetics protocol lays the technological and financial groundwork for connecting the worlds of DeFi and CeFi.
Comdex lays the foundation for a future in which the entire lifecycle of commodity transactions can be done seamlessly and by anyone. Comdex has CMDX as the native token. CMDX, as the Comdex chain’s native token, will be critical in assisting Comdex in realizing its vision of creating an ecosystem of solutions to democratize finance.
ROLE OF THE CMDX TOKEN IN THE COMDEX ECOSYSTEM
CMDX serves five critical functions in the Comdex Ecosystem which is as follows:
- CMDX is the native token of the chain and as such CMDX powers the network’s staking economy. Transaction fees and CMDX staking help to secure the network.
- CMDX holders are given a fair chance to be part of the governance of the protocol. The holders of CMDX play an important role in decision-making for the protocol, decisions like whitelisting of synthetic as well as collaterals that can be used on the platform.
- Comdex synthetics app users can use their CMDX holdings as collateral to create and trade synthetic cAssets on Comdex.
- CMDX tokens will be distributed as compensation to liquidity providers and other network participants who perform critical functions.
- CMDX tokens will be minted and burned in order to maintain the network’s asset stability and ensure the network’s net debt solvency.
DISTRIBUTION OF THE CMDX TOKEN
The CMDX token has in its distribution model and releases schedule that it is distributed in such a way that it encourages active participation from a significant portion of the Cosmos ecosystem members while maintaining the project’s long-term vision of growing by quality community engagements.
The CMDX token has an inflationary nature, furnished with a 30% inflation rate set for the first year following a 25% reduction in the inflation rate in each year, with a maximum supply capped at 200,000,000 CMDX. 100,000,000 CMDX will be minted at the genesis and unlocked for 48 months with the following distribution
Comdex will conduct generous airdrop campaigns across different ecosystems to raise awareness, encourage early platform adoption, and engage with various communities across Cosmos. Comdex already announced its airdrop to $XPRT, $LUNA, $ATOM, and $OSMO holders.
Check eligibility here: airdrop.comdex.one
CMDX tokens are awarded to various users for performing certain critical platform functions. One of these functions is to supply liquidity to the liquidity pools that power cSwap trades.
You can as well contribute to Comdex LPs on Osmosis DEX to earn juicy rewards:
$ATOM / $CMDX: https://app.osmosis.zone/pool/600
$CMDX / $OSMO: https://app.osmosis.zone/pool/601
About Comdex
Comdex’s synthetics protocol unlocks access to a vast set of commodity debt assets and liquidity, making the flow of capital from DeFi to CeFi seamless.
For More Information about Comdex:
Website: https://comdex.one/home
Medium: https://blog.comdex.one/
Twitter: https://twitter.com/ComdexOfficial
Reddit: https://bit.ly/ComdexOfficialDiscord
Telegram: https://t.me/ComdexChat
