Comdex (CMDX) is a Cosmos-based decentralized finance (DeFi) platform aiming to bridge the gap between traditional and decentralized finance. More
| Fully Diluted Valuation | $124,621 |
|---|---|
| 24H Trading Volume | $484 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 194.65 M |
| Total Supply | 199.31 M |
| Max Supply | 200.00 M |
| Categories | Infrastructure 6 more |
|---|---|
| Founder | Abhishek Singh 1 more |
| Website | comdex.one Whitepaper |
| Socials | 3 more |
| Chains | Osmosis Ecosystem 2 more |
| Explorer | Chillvalidation 4 more |
| Contracts |
ibc/E....931F0
2 more
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| Name | Pair | OG Score |
|---|
Comdex (CMDX) has emerged as a distinctive player in the decentralized finance (DeFi) sector, positioning itself as a bridge between conventional and decentralized financial systems. Founded by Abhishek Singh (CEO) and Siddarth Patil (COO), Comdex offers composable solutions within the Cosmos ecosystem, aiming to democratize finance through synthetic asset creation and exchange protocols.
The Genesis and Circulation of CMDX
The Comdex Mainnet, operational since November 20, 2021, introduced a genesis supply of 100,000,000 CMDX tokens. Presently, 12.5% of this supply, totaling 12,500,000 CMDX, is in circulation. CMDX operates with an inflationary model, featuring a 30% inflation rate for the first year and a subsequent reduction of 25% annually. The maximum supply is capped at 200,000,000 CMDX.
The Vision of Comdex
Comdex aims to seamlessly integrate decentralized and centralized finance, positioning itself as an interchain DeFi infrastructure layer. It provides interoperable plug-and-play modules for projects within the Cosmos community, fostering an ecosystem where users can build their DeFi platforms.
Building an Ecosystem of Solutions
The Comdex ecosystem operates cohesively to aggregate liquidity from various DeFi ecosystems and facilitate its transition into centralized finance. A pivotal component is the synthetics exchange, where traders can create and trade synthetic assets, known as 'cAssets,' on the AMM module 'cSwap.'
Key Stakeholders in the Comdex Ecosystem
Integral to the platform are traders, minters/borrowers, and liquidity providers. Traders seek to profit from cAsset price movements on cSwap, while minters create initial liquidity by locking up Cosmos assets to mint cAssets. Liquidity providers earn trading fees and CMDX token rewards by contributing liquidity to cAsset pairs through long or short positions.
Where to Find CMDX
CMDX is currently listed on the Osmosis zone, with plans for expansion to additional decentralized and centralized exchanges in the future.
Conclusion
Comdex positions itself at the forefront of innovation, pursuing a vision where finance is open to all. Through its synthetic asset protocols, commitment to interoperability, and bridging traditional and decentralized finance, Comdex holds promise within the evolving DeFi ecosystem. As the platform matures, it warrants attention for those exploring the intersection of conventional and decentralized financial systems.
Comdex stands out for its role as a Cosmos-based decentralized finance (DeFi) platform, uniquely bridging traditional and decentralized finance through synthetic asset creation and exchange protocols, fostering interoperability, and democratizing the financial space.
Comdex was founded by Abhishek Singh, an engineer and former Business Intelligent Consultant, and Siddarth Patil, with a background in Investment Banking, Wealth Management, and Management Consulting. The co-founders lead a passionate team of 25 members from top institutes and diverse backgrounds.
Specific supporters and investors of the project are unknown. For up-to-date investor/backer information, please visit the project's official website.
You can buy COMDEX (CMDX) on Osmosis cryptocurrency exchanges.
