Comdex Synthetic DEX DevNet Launch (Vital Facts to Note)
On the 31st of March, 2022, Comdex announced the DevNet launch of its Synthetics Decentralized Exchange (DEX).
The launch of the DEX is finally pushing the concept of cAssets into full adoption. The DEX DevNet is the platform still in development. However, enthusiastic users are given the opportunity to use all features in the DApp like it has been full launched.
This is to test if all the parts of the DApp is working according to function, if there are bugs that need to be fixed, and if there are improvements to be made. Users will be the people to give the required feedbacks needed, therefore the DEX is available for all.
Note that users do not use real tokens to participate in the DevNet launch. What users need are Testnet tokens which they get from a faucet, as this is more like an experiment of the DEX.
Debugging the Testnet
Adding to the launch of the Synthetics Decentralized Exchange DevNet, plans to launch a program for the Synthetics DEX testnet called the “Bug Bounty Program” was announced.
Comdex is calling out to members of its community who is technically minded and assertive to join the a Program for the Comdex DEX TestNet evaluation and debugging.
Candidates should be users who know about blockchain technology, and can identify technical problems and get rid of the bugs experienced in the DEX Testnet.
Comdex sees the Bug Bounty Program as a way for its global community to battle test its DEX platform and get crucial experience ahead of the full platform launch.
Full details will be shared soon.
Features of the Comdex Web App
In Comdex’s new synthetics decentralized exchange, you can buy, sell, borrow, receive, swap, and stake your tokens with little or no stress. This DEX is known as Comdex’s Web App, with plans in mind to launch a mobile and desktop app later on, in the future.
You can find the functions of the Synthetics DEX contained in different tabs on the website, within the tab with three parallel lines located at the upper left side of the webpage. These functions and features include:
Getting the Web App
To go to the website of Comdex’s Synthetics DEX, click on https://dev-cassets.comdex.one/.
Tokens are not distributed on Comdex’s Web App, but in a website known as Comdex’s Faucet.
To get the Testnet tokens to use on the DevNet DEX, visit: https://faucet.comdex.one/.
Why Participate in the DEX?
There are many reasons why you should be an active participant on Comdex Synthetics DEX platform. Some include:
- Staking your tokens to earn.
- Commodities are one of the most profitable in the crypto world.
- Take part in airdrops when announced.
- Converting your debt assets into synthetic assets (synths) is made very possible in the cSwap tab.
- Staking your synths (known as cAssets in the Comdex space) is a good way of fully letting your debts go, and earning profits off of them.
- Receive annual percentage yields.
- From time to time, you will gain extra benefits from your frequent participation.
Join Comdex, invest in its synthetics decentralized exchange now, and boost your portfolio.
Comdex is a decentralized synthetics protocol in the Cosmos crypto network; and as a product of the Persistence platform, Comdex develops possible solutions for the decentralization of finance (DeFi) by handing over to investors the knowledge about a widened scope of asset classes and rewarding projects.
To keep up with updates concerning Comdex’s monetization processes, you can follow up on: