Some Facts You Need To Know About Persistence’s Comdex And Its Recent Mainnet Launch
The Comdex platform, founded by Persistence One, launched its Mainnet late November, 2021.
What do you need to know about this?
First off, the Mainnet was launched after the platform successfully brought in an estimate of fifty verifiable validators on its test net. One thing you need to know about Comdex is that it is a synthetic protocol with a purpose of enhancing stability, integrity, and increment in the decentralized finance commodity market.
Comdex aims at widening their concentration from establishing a sole thorough commodity to a series of distributable and interoperable solutions. With the peaking increment in interest and capital, the Mainnet was launched to openly outlay these solutions for traders, dealers and customers in the cryptocurrency market environment. They also aim at developing their commodities via this Mainnet, as well as the availability of ease of access to markets of finance.
Comdex wishes to make available more entries into numerous layers of assets, and at the same time, simultaneously providing safer alternatives to investors whom Comdex aims at making the assets available for. Therefore, the launching of Comdex Mainnet is a vital approach to setting up a connective bridge in the flow of traffic between centralized finance (CeFi) and decentralized finance (DeFi).
How Comdex Came Into Being.
In 2018, Persistence began the running of Comdex, having envisioned commodities that would increase ease of access to financial services around the globe, so as to enable the increase of well-intended confidence in the trading of these commodities and the funding of dealers who run small and medium-sized enterprises. With this insight into the future, they succeeded in launching Comdex on the Cosmos network, as a first start.
Prior to 2019, Cosmos was not the popular network of blockchains (main chains, side chains and para chains) we know it to be today. In the actual fact, it was more or less unknown to most people. It did not — at that time — comprise of affiliations and co-operations with diverse multinational institutions.
There was a depressing decrease in interest gotten from retails, there was no adoption by any significant corporation, and Comdex lacked personal interests of people’s minds. But the Persistence management did not choose to give up; instead, they continued aiming for the future they have begun to see today.
Then came 2020, the year we all know as the coronavirus pandemic-affected year. The global disturbance shook the foundations of many blockchain networks, though chains like Bitcoin and Ethereum still grew nevertheless. The pandemic likewise affected Comdex’s supply chain and commodity manufacturing.
However, in 2021, trades began to grow and expand faster than the past three years combined. The platform is quickly developing into a community of cryptocurrencic solutions, serving as a connective bridge between centralized and decentralized financing — as mentioned earlier.
As of December 2021, commodities — combining a single total of an estimate of 17 trillion United States dollars in the trading and finance markets — have been merchandized on Comdex. Trade inflows have surpassed 160.1 million USD, as the platform serves eighteen institutions based in four jurisdictions.
Another thing you need to know about the Comdex platform is that it uses SDK (from Persistence) to form and deal tokens, as well as solve confidence issues related to investments and buying of cryptocurrency tokens.
Moreover, the Comdex forum promotes efficient utilities for the smooth running small and medium-scaled enterprises associated with the platform and the cryptocurrency universe as a joint whole, to enable them gain ease of access to financial services.
Comdex enables liquidity for loaned possessions in centralized finance, and also enhances the conversion of loan assets from analog to digital or binary assets.
In the Comdex Mainnet and the Comdex web network at large, members of this successful community are given access and are able to reproduce en masse — under license — synthetic assets (physical goods like raw petroleum and coins) and cryptocurrency tokens (especially the Persistence SDK coins) as pledges, and thereafter market them on the decentralized finance market for synthetics.
Comdex has succeeded in finally being able to develop a complex series of solutions — which are capable of operating between functions — answering problems regarding the advantages made by individuals and the public as a whole, in the cryptocurrency global network.
As of the last week of December 2021, the Comdex management has been progressing consistently at the important establishment of a complex web which allows for the liquidity coming from the traffic flow in the decentralized market into more secured and safely-organized vaults of investments.
The construction of these vaults would in turn lead to consistent rewards in cash, thereby giving the Comdex investors the capability to sustain, manage and reduce the risks associated with savings and investments.
Comdex’s significant efforts at providing a complex series of solutions would most definitely make it safer and more of ease to convert fiat currencies and physical commodities to cryptocurrency tokens — which happens to be something other commonplace markets for variable value and derivatives do not find so much ease in doing.
The platform manufactures commodities in form of non-fungible tokens, bringing them into the blockchain run by Persistence One.
The platform lets the members of its community to have ease in the dealing and possession of non-fungible tokens which represent goods on the Persistence main chain.
In the Comdex Mainnet agenda, its “enterprise trading platform” — where issues of confidence in trading of commodities are being solved — would act as a trading site for members of the community.
The platform’s ShipFi — an app based on moving trading debts and obtained possessions to the Mainnet chain to receive liquidity rewards — which is to be launched 2022, would allow traders receive liquidity funds they would get from the app, and improve investors’ ease of access to capital requirements.
The ShipFi funds would be able to transform non-fungible tokens sourced by physical commodities (such as fiat currency) to collaterals for investors as capital.
All the mentioned points above — among others — are some of the major facts you need to know about Comdex and its Mainnet launch.
So what’s next? The baton has been handed over to you. Take it; join the Comdex community and earn something now!
Persistence.one is a platform based on the loaning and management of assets, which aims at establishing futuristic commodities in the decentralized finance universe, thereby enabling the power of physical assets and synthetics to have effect in the DeFi space.
It brandishes services such as staking-as-a-service (SaaS) –which allows Proof-of-Stake asset holders stake without needing knowledge about staking — and the conversion of fiat currency debts to non-fungible tokens.
One quote that has kept the organization going is that “data flows like water today” — therefore — “digital assets will flow like water tomorrow.”
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