CoFiX (CoFi) is a decentralized exchange (DEX) that uses the NEST oracle to provide reliable price feeds and a computable risk factor. More
| Fully Diluted Valuation | $12,116 |
|---|---|
| 24H Trading Volume | $19,237 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 13.46 M |
| Total Supply | 13.46 M |
| Max Supply | 0.00 |
| Categories | Decentralized Exchange (DEX) 6 more |
|---|---|
| Founder | Anonymous |
| Website | cofix.tech |
| Socials | |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 1 more |
| Contracts |
0x1a2....34ea1
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| Name | Pair | OG Score |
|---|
CoFiX is a decentralized exchange (DEX) that uses the NEST oracle to improve risk management and provide reliable price feeds in the decentralized finance (DeFi) space. By utilizing the NEST oracle, CoFiX ensures traders and market makers can calculate and manage risks more effectively, making the platform a reliable option for trading.
How Does CoFiX Work?
CoFiX leverages the NEST oracle to offer a price feed with a computable risk factor. This feature helps solve a common problem in DeFi projects: the difficulty of managing risk due to unreliable data. CoFiX’s use of the oracle allows for more accurate price predictions without relying on centralized infrastructure, providing a secure trading environment.
What Makes CoFiX Different?
What sets CoFiX apart from other DEXs is its focus on efficiency and cost-effectiveness. The platform offers low transaction fees and rewards its users with ETH dividends, encouraging participation. CoFiX’s unique approach includes providing a clear understanding of risk, thanks to the computable risk factor from the NEST oracle, which enhances the trading experience.
How is CoFiX Secured?
CoFiX uses several security measures to protect its users. The platform encrypts personal information, has systems to prevent hacking, and conducts regular bug testing to identify vulnerabilities. CoFiX also implements access controls, ensuring only authorized individuals can access certain resources. These measures, combined with the NEST oracle’s reliable price feed, help keep the platform safe.
How Will CoFiX Be Used?
CoFiX is primarily used to trade token pairs on a decentralized exchange. By offering reliable price data and risk management tools, it provides traders with a more stable environment for making informed decisions. CoFiX also plays a key role in liquidity provision and market making, contributing to the overall efficiency of the DeFi ecosystem.
Key Events in CoFiX's Journey
CoFiX has achieved several milestones, including winning the Best Custom Zone award in the Cosmos Game of Zones in 2020. The platform has launched multiple testnets, participated in the Game of NFTs, and formed key partnerships with organizations like ZhenFund and IOST. These events highlight CoFiX’s commitment to growth and innovation in the DeFi space.
Conclusion
CoFiX stands out in the DeFi world by providing reliable price feeds and a computable risk factor. Its integration with the NEST oracle helps traders and market makers make better-informed decisions, ensuring a safer trading environment. As CoFiX continues to evolve, it’s set to play a significant role in shaping the future of decentralized finance.
CoFiX uniquely integrates the NEST oracle to deliver reliable price feeds with a computable risk factor, solving risk management challenges in decentralized finance while offering low fees and ETH dividends.
CoFiX was developed by Computable-Finance—a team with diverse industry experience that bridges innovative digital solutions with traditional business ventures.
CoFiX is supported by key partners and investors, including ZhenFund, IOST, and Alphanonce, who provide valuable resources and strategic backing in the DeFi space.
