COMDEX WEEKLY UPDATES – WEEK 4

It is the end of another week and last week was immersed with a lot of exciting activities and announcements from Comdex. Presented in this article is a brief highlight of all the major announcements and updates for the week of 1st November 2021.

1. COMDEX HOSTED AN AMA FOR THEIR TELEGRAM COMMUNITY

Last week, Comdex hosted an exclusive AMA for their telegram community and have released the highlights of the AMA in a blog. The AMA was done to commemorate the growth of their telegram community to over four hundred thousand (4000) active members.

One of the important questions addressed during the AMA was:
"How does Comdex plan to earn revenue?"
It was made clear that comdex will earn revenue majorly in the following ways:

Through trading fees that are produced by the Automated Market Maker -cSwap
Comdex will also earn revenue via the CDP withdrawal fees that are charged to close minted cAsset positions.

Comdex will also generate revenue via the liquidation fees that are obtained from clients who do not retain the minimum collateralization ratio needed to mint cAssets.

A lot of other pressing issues were also discussed and answers were given to all the questions asked by community members. The details of the AMA can be found on: https://blog.comdex.one/comdex-ama-highlights-2-fcbc8180aa32

2. COMDEX MEET WITH THEIR VALIDATORS

Comdex’s Testnet has been active since the launch date and has not experienced any downtime, they announced that they have presently onboarded over forty (40) validators and are encouraging intending validators to join the train.

Comdex has also invited all the validators to join their network, interested validators are expected to send a mail to: info@comdex.one. If you are interested to catch a glimpse of Comdex’s Testnet Explorer, click this link: http://comets-test.comdex.one

3. COMDEX FOUNDERS SAT FOR AN INTERVIEW WITH SHIVAM CHHUNEJA

Last week, Comdex’s founders - Abhishek Singh & Siddarth Patil were hosted by popular influencer and YouTuber - Shivam Chhunej on his YouTube channel: https://www.youtube.com/channel/UCRzdYjloQI7VJYax6GsX8ZQ

During the interview, Abhishek Singh & Siddarth Patil discussed Comdex’s plans, vision, and roadmap, for the Crypto Community in India.
The complete interview is available to watch on YouTube via the following link: https://www.youtube.com/watch?v=_LZxyV7PZdE

5. COMDEX ANNOUNCED THE WINNERS OF THEIR AIRDROP BONUS

Last week, Comdex launched an Airdrop bonus for their native token - $CMDX and members stood a chance to win a whopping 100 $CMDX tokens.

The steps to participate was to simply follow Comdex’s official Twitter handle: https://twitter.com/ComdexOfficial and make a Tweet tagging @ComdexOfficial; telling them how much $CMDX tokens you have won from the previous airdrops, and of over five hundred participants, Comdex released the names of the participants that won the one hundred (100) $CMDX tokens. The Twitter handles of the winners as released by Comdex are as follows: @buktor79 @D3xTrS_Lab @reimei_yama @Moonboy84 @makitango1 @AlpharezCC @ymKbw5A4DjklKu5

The names of the winners of the Airdrop bonus can be found on a Twitter thread:
https://twitter.com/ComdexOfficial/status/1454813380485599234?s=20

Keep in touch for more exciting news and updates from the democratizers of finance- Comdex.

For more information, visit;

Website: www.comdex.one

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