Comdex price

CMDX

#7164

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.