COMDEX: A BLOCKCHAIN OF INTEROPERABLE SOLUTIONS

Ever sinceits mainnet on the 20th of November, 2021, Comdex has been making waves largely even up to its staking pool and juicy APRs. This article introduces Comdex and how Comdex is setting out to revolutionize the world into the age of DeFi.

Comdex is a decentralized synthetics exchange that was built with the sole aim of democratizing finance, and they achieve this by eliminating the regulatory drawbacks and complications pertained to gaining entry into the world of investing in financial assets that possess ingrained value.

Built on and incorporated with the Cosmos network, Comdex is founded on the Persistence ecosystem, and they aim to unite the worlds of centralized finance (CeFi) and decentralized finance (DeFi) by permitting the opening of a broad cluster of commodity debt assets and liquidity, making the progression of capital from DeFi to CeFi consistent which is a vital part of their goal to democratize finance.

WHAT ARE SYNTHETIC ASSETS?

Synthetic assets are simply tokenized derivatives that replicate the value of another asset. CoinMarketCap defines synthetics as; a combination of cryptocurrencies and traditional derivative assets.

Synthetic assets are important because they permit financial backers to effortlessly tokenize and exchange anything on the blockchain by utilizing a subordinate to attach the worth to an existing resource and afterward make a token for this subsidiary.

Comdex synthetics exchange promotes the creation and exchange of synthetic assets. Assets that are minted on-chain are regarded as cAssets, all the commodities listed on the Comdex possess their cAset token that can be exchanged on Comdex’s automated market maker module called cSwap.

Holders of $ATOM, $XPRT, $AKT, $DVPN, and $CMDX can collateralize their resources to mint cAssets, which can then be utilized on cSwap to exchange synthetic commodities.

Comdex tokenizes derivatives of entities such as crude, silver, gold, etc, to ameliorate their holding, and exchanging. The synthetic assets that are generated on the chain — cAssets, draw in cryptocurrencies which are utilized as insurance for their printing. Hence, empowering common financial backers to participate in the exchange of commodities and fundamentally democratizing finance.

THE $CMDX TOKEN

$CMDX, is Comdex’s native token, is discharged by the Comdex tokenomics as airdrops, as compensation to liquidity providers and other stakeholders that assist the Comdex team to sustain the network.

The $CMDX token guarantees enormous privileges to its holders as they can profit from owning the asset via staking, which is easily obtainable on numerous wallets and platforms. The $CMDX token is currently available on CoinMarketCap and Coingecko.

COMDEX’S SOLUTIONS

The Comdex team is directed towards improving a single all-in-one product to a batch of interoperable solutions that work flawlessly with each other.

These solutions comprise of the following:

• Synthetics:

This solution is the bedrock of Comdex’s goal of democratizing finance as it authorizes users to create synthetic assets to enable DeFi financial backers to easily get access to real-life assets.

• Enterprise Trading Platform:

Developed on Persistence Software Development Kit, the Comdex enterprise trading platform was built to facilitate the creation of NFTs of substantial commodity assets on the Persistence blockchain. Hence allowing users to gain admission to exclusive assets.

Comdex enterprise trading platform offers a lasting solution to the issues pertinent to trust and efficiency in the industry of commodity trade.

• ShipFi:

ShipFi is anticipated to be launched sometime this year, and it promises to allow DeFi investors to provide liquidity to CeFi debt assets. When launched, Comdex ShipFi will foster the exchange and digitization of real assets for currency-backed stablecoins.

In conclusion, Comdex has made a comprehensive scope of interoperable solutions that tackle the pressing concerns in the Industry while unlocking consistent admittance to liquidity.

For more information, visit;

Website: www.comdex.one

Twitter: www.twitter.com/ComdexOfficial