The global commodities market has over the years gained massive adoption with an estimated volume of $17 trillion traded annually. To put things in context, a commodity can be defined as an economic resource that might take a different shape other than its original form. Examples of commodities include gold, crude oil, precious metals, currencies, agricultural products, energy, gas etc. If we consider one of these commodities like gold, it doesn’t matter if it’s in form of pure gold or in form of a digital asset, we can call it a commodity since commodities are resources that can take different forms or shapes. The commodity market is a market where different types of commodities are traded and there are like 50 commodities exchange in the world where like hundreds of commodities are traded. These commodities are of huge importance to humans as we consume and make use of them on a regular basis. Having gotten a clear understanding of what the commodity market is all about, we would dive deep into the Comdex ecosystem and see how they influence the commodity market, it is however important to note that the comdex ecosystem is a decentralized market place for synthetic commodities.
What are Synthetic Commodities?
When we talk about synthetic assets as it relates to cryptocurrency, it simply means a mix of assets that produce the same effect as ownership of another asset, this provides an opportunity for investors looking to diversify their portfolios. Just like the traditional financial system, where investors derive their value from underlying assets like commodities, currencies, precious metals, stocks, or bonds without necessary owning these commodities, in the same vein, synthetic assets aim to achieve the same objectives without the necessity of holding the actual asset itself. In crypto, synthetic assets do not exist in the hands of the investors, but instead the assets are digitalized and transferred online.
At Comdex, the team is committed to utilizing the blockchain to provide solutions to underlying issues in the commodity market.
Features of the Comdex Ecosystem
Comdex is a virtual market place where buyers and sellers of varieties of assets can meet and trade their assets.
Comdex grants users access to real world assets through a decentralized synthetic exchange. With this, investors are ushered into the commodities industry worth over $17trillion.
Comdex also targets developing markets that are yet to be harnessed.
Comdex also gives users the assurance of fair value for assets as the prices are determined by the activities of buyers and sellers orders.
Benefits of The Comdex Synthetic Commodity Products
The Comdex ecosystem has a lot of benefits and we are going to explore a few of them so we see reasons why they are the best bet when it concerns the synthetic asset market.
Investors do not have to worry about high gas fees as the Comdex ecosystem makes it very easy and affordable for investors to invest in the synthetic commodity market, another major advantage of the Comdex ecosystem is that it is easier to steer clear from market volatility and other risks associated with trading synthetic commodities because Comdex combines synthetic commodities investment with DeFi which gives investors a huge opportunity to maximize yields irrespective of the market volatility.
The Comdex ecosystem promises a whole lot, judging from early signs and the progress the team has made so far, it will be really interesting to see how the project progresses and the developments to the projects in the coming months.
COMDEX is a decentralized synthetics protocol in the Cosmos Ecosystem. Cosmos builds solutions to democratize finance by giving investors exposure to a large range of asset classes.
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