Cena Comdex (CMDX)

What is Comdex?

Comdex is a DeFi infrastructure layer for the Cosmos ecosystem. Comdex provides a variety of interoperable plug & play modules for projects to use to create their own DeFi platforms providing utility to the Cosmos community as well as DeFi users worldwide.

Comdex is building an ecosystem of solutions that work synergistically to aggregate liquidity from DeFi ecosystems and facilitate its flow into CeFi. Whether through the enterprise trade platform & the tokenization of real-world assets through access to the price fluctuation of various assets via Synthetics, as a Defi infrastructure layer, the Comdex ecosystem promises to facilitate an all-in-one hub to democratize finance.

Composite Composite is an over-collateralized stablecoin designed to be a stable representation of purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.

Commodo Commodo is a lending/borrowing dApp, native to the Comdex chain utilizing the $CMDO native token, allowing users in the Cosmos ecosystem to more efficiently utilize their capital. This dApp will integrate with the other apps like the synthetics exchange to enhance the cAsset user experience and function as its own platform.

cAsset cAsset is the innovative new synthetics app that allows the creation of synthetic assets based on the price fluctuation of real-world assets, such as commodities or cryptocurrencies. Once users have their synthetic assets, they can then use those assets to earn yields.

ShipFi This dApp promises to facilitate the creation of CeFi financing through collateralization of real-world assets as NFTs.

Enterprise Trade This platform will allow its users to facilitate real-world trade financing using digital assets as collateral, thus providing its Enterprise users with readily accessible liquidity to meet their demands.

Role of CMDX in the Cosmos ecosystem

1) Being the native token of the chain, CMDX powers the network’s staking economy. Transaction fees and staking of CMDX helps secure the network.

2) CMDX holders can also be involved in the governance of the protocol. CMDX holders play a role in making critical decisions for the protocol like whitelisting of synthetic as well as collaterals that can be used on the platform.

3) Comdex synthetics app users can collateralize their CMDX holdings to create and trade synthetic cAssets on Comdex.

4) CMDX tokens will be distributed as rewards to liquidity providers and other participants who perform critical functions in the network.

5) CMDX tokens will be minted and burned to maintain the stability of cAssets in the network and ensure the solvency of the net debt of the network.

How Many CMDX Coins are in circulation?

The Comdex Mainnet went live on 20th November 2021 with a 100,000,000 CMDX genesis supply. 12.5% of the genesis supply (12,500,000 CMDX) is in circulation as of the launch of CMDX. The CMDX token is inflationary in nature with an inflation of 30% set for the first year and a subsequent reduction of 25% in the inflation rate in each with the maximum supply capped at 200,000,000 CMDX.

Who are the founders?

Abhishek Singh (CEO) and Siddarth Patil (COO) are the founders of Comdex. Abhishek Singh is an Engineer by trade, prior to founding Comdex, he was working as a Business Intelligent Consultant. Siddarth was working in Investment Banking, Wealth Management, and Management Consulting. Now the Comdex team is 25 members strong, passionate people from top institutes and diverse backgrounds.

Where can I buy CMDX?

CMDX is listed on the Osmosis zone and soon will be available on a couple of DEXs and CEXs.

Platforms to stake CMDX -- Cosmostation Wallet: https://wallet.cosmostation.io/ -- Omniflix: https://comdex.omniflix.co/ -- Unagii: https://app.unagii.com/stake/comdex -- Ezstaking: https://comdex.ezstaking.io/