Comdex: What You May Need to Know About the Partnership with Kado
In the past few weeks, there has been a series of articles concerning Comdex and its CMST stablecoin. Well, this is another one of them, but this time a bit different.
Ever since the decentralized network let their members know that its USCX token would be renamed CMST and given the importance of a stablecoin, Comdex has been working towards releasing the token as soon as possible, for usage.
Kado — a stablecoin wallet network — took notice of this, and acted promptly, by announcing its plans for a long-term partnership with the Comdex network. Asides serving as a wallet provider for CMST users, the Kado network will be engaging in various other collaborations with Comdex, in the future.
In this article, we will take a look at Kado, as well as its benefits.
A Wallet Provider
Kado is a cryptocurrency wallet provider, and focuses on the storing of stable coins. We may know stable coins as those crypto currencies which do not have fluctuating values. Most stablecoins are pegged to the US dollars, as the UST is equal to $1.
With Kado Ramp, you can buy your stable coins and keep them in store for later, use them as payment for digital and physical items on more than five hundred brands with Kado Pay. Soon enough, you would be able to earn annual percentage yields for staking your stablecoins.
What more? The transactions (including saving, withdrawals, shopping payments, etc) carried out on the Kado network, take lesser than ten minutes for the longest timeframe. These are Web3-facilitated and done on a decentralized finance scale.
With such partners as Solana blockchain, the Kado network provides a web of goods and services, primarily to eliminate “the friction [which] customers, businesses, and merchants face on-boarding to crypto.”
Benefits of Kado
There have been proofs concerning the benefits of the Kado network, including the testimonials of users of their stable coin wallet. Here are some advantages:
- Connects you to your money.
- Smooth and fast transactions.
- A quicker on-boarding into your stablecoin network.
- User-friendly easy-to-use interface.
- Speedy delivery.
- Seamless, convenient shopping.
The Kado network aims at pushing the adoption of stable coins forward, thereby increasing stablecoin usage, in the real world by finding solutions to never have to leave the crypto ecosystem.
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More about Kado
The Kado network did not start yesterday; they have been joining hands with many organizations to achieve their purpose, having business to business transactions, on and off the bridges connecting the fiat centralized and crypto decentralized — DeFi — worlds.
Kado has been working on software bundles which it can use to develop its decentralized applications, and for usage by blockchain developers and traders, so as to promote frictionlessness in accessing the advantages of stable coins in its ecosystem.
The Kado network will act as a stablecoin wallet for Comdex, and the partnership will feature:
- Payments solutions for CMDX and CMST users, apps, wallets, etc.
- Quick entry into Comdex for new members who want to sign up for the CMST stablecoin.
- Implementation of the CMST token.
- A grant from the Comdex funds, to Kado, worth 250K of $CMDX.
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.
Keep up with the latest developments within the Comdex network; follow up on:
Web App: https://dev-cassets.comdex.one/