Comdex : Seamless Assets Transfer. — A December Recap.
Challenges will continue to exist, problems will always be there for humans to think through and solve. Doing this brings out the ingenuity in us. We have done a lot in science and technology. The financial world is seeing an uprising of the blockchain, a system that put the banking system in the hands of an individual, under their control. Still, many sectors are left behind in this new wave of change. We are talking of the commodity and assets ownership world. An untapped industry able to generate trillions of dollars per year. Transferring assets from one form to the other at the shortest time possible has always been a challenge, with third parties, governmental regulation and limitations. Assets transfer is on a gridlock.
The vision of Comdex solves the problem posed above, by providing a synthetic asset able to bypass conventional rules and regulation of banks and agencies, also creating open-source contract-based protocols capable of initiating a seamless transaction at the speed of light, creating a governing protocol and an exchange for decentralized trading of assets through its cAssets using cSwap. Comdex is all about a borderless transaction of assets and commodities by connecting the CeFi and DeFi world. Below is a recap of Comdex giant stride in the commodity world in 2021.
Starting with a commodity trading initiative to familiarize would-be investors with what to expect from COMDEX, Comdex unleash its vision and plan for the year and the future, instituting a need to have assets and commodity transfer using blockchain solution powered by persistence SDK on the COSMOS chain. Comdex has not only changed the face of business after the post-covid-19 era but also gives it a new boost. Traders and owners of assets can now access their commodities without a hindrance. Comdex is the new offshoot of finance on the block.
Up-scaling its master plan is the inculcation of ShipFi into the Comdex protocol, this was the true bridge between the CeFi and DeFi world. The major effects of ShipFi include decentralization of the platform, issuing tokens and giving out stable coins to liquidity providers. This new idea brings investors a step closer to having real-world assets transfer done without a hassle.
Comdex went on to roll out its amazing tokenomics, the $CMDX, a native token of the Comdex protocols. The $CMDX has many functions: voting proposal, minting, access to loans, provision of liquidity and stabilizing the ecosystem are just a few of what $CMDX can do. In the first year, they set the inflation rate of Comdex token at 25%, of a total supply of 200,000,000 CMDX, community Dev. Funds at 12.5%, users who interact with the Comdex ecosystem through staking, liquidity provision get 25% as a reward, treasury at 25%, teams and advisors take 25%.
In reaching more crypto enthusiasts, Comdex unlocks 12.5% of its total token supply to airdrop users who hold $XPRT and $ATOM holders and stakers.
Launching the Comdex protocol to mainnet came in November 2021, to usher in a new ray of protocol able to tackle commodity transfers, lay the groundwork for an AMM solely based on assets and commodity trading with liquidity provided for. ShipFi becomes larger with these updates coming up. The mainnet came with validation and delegation features for those who keep the Comdex structure moving with her through staking Comdex or providing infrastructure that broadens Comdex’s presence on the Cosmos chain.
Besides the existing airdrop, Comdex came up with another one, to bring in more Cosmo token holders, $LUNA and $OSMO. Holders of these tokens get airdropped some Comdex token. This precedes the game-changing liquidity bootstrapping pool.
Comdex isn’t just any project, it’s unique in its field since many projects aren’t looking on the commodity and assets trail. Comdex lead the trail and set the pace. Creating a future for a safer and seamless assets transfer.