COMDEX MainNet Launch – November 20th, 2021
In case you have missed all the hoopla regarding the launch of COMDEX, we wanted to provide you with a recap of all the events leading up to the launch. In addition, we are announcing our intentions to provide a Validator Node for the COMDEX Network.
What is COMDEX
COMDEX will launch with a vision to create a range of solutions that enhance users’ access to financial products and services.
Technology has digitized the trade of equities and has made their derivatives easily accessible. Similarly, they believe that we are at the cusp of a revolution centered around increasing global accessibility, where a large set of real-world investment vehicles and products are made readily available to retail investors.
COMDEX is an ecosystem of solutions to democratize finance and bridge DeFi and CeFi.
- The decentralized synthetics protocol of COMDEX enables users to collateralize their holdings to take exposure to a range of synthetic assets.
- The enterprise commodities trading platform, built in the Persistence ecosystem, brings trust and efficiency to the industry. ShipFi, a dApp in COMDEX’s ecosystem, will facilitate the digitization of trade finance debt products.
- The decentralized synthetics protocol holds the key towards fulfilling our mission to democratize finance.
COMDEX’s enterprise trading platform, built on the Persistence SDK, facilitates the creation and exchange of tokens representing real-world commodity assets. COMDEX’s decentralized synthetics exchange enables crypto investors to leverage their holdings to take exposure to various synthetic cAssets. Users can mint cAssets with multiple assets from the Cosmos ecosystem as collateral.
The CMDX Token
CMDX is the native token of the Comdex chain and will play a crucial role in helping Comdex fulfill its vision to build an ecosystem of solutions to democratize finance.
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.
By staking CMDX, you are able to vote in COMDEX governance decisions.
ValidatorNode Validator for COMDEX
We're announcing our intentions to support COMDEX by operating a Validator for the COMDEX network on MainNet. Over the past few weeks, we have been supporting COMDEX in their TestNet environment thereby allowing for the development and maturity of their network leading up to the MainNet launch.
COMDEX MainNet launch is scheduled for November 20th, 2021 @ 2:30 PM UTC (8:30 AM CST) and we have already begun the process of including our Validator in the GENESIS Block for COMDEX MainNet. See the details of our GitHub Pull Request here – https://github.com/comdex-official/networks/pull/27
Immediately after MainNet launch, we will begin accepting delegations/staking of $CMDX on our Validator Node. All details relating to staking will be available on the ValidatorNode COMDEX Node page.
We encourage you to get involved in the launch of COMDEX. We envision this as one of the most lucrative crypto-currency opportunities available in the coming months. Get in on the ground floor during the MainNet launch!
ValidatorNode is planning to support the COMDEX network by operating a Validator for their Cosmos-based network. We will begin accepting delegations/staking to our validator immediately after the MainNet launch.
For the past two years, Comdex has made strides in creating a vision and laying the path for implementing it. Comdex began with a vision to create a range of solutions that enhance users’ access to financial products and services.
Comdex’s enterprise trading platform, built on the Persistence SDK, facilitates the creation and exchange of tokens representing real-world commodity assets. Comdex’s decentralized synthetics exchange enables crypto investors to leverage their holdings to take exposure to various synthetic cAssets. Users mint cAssets with multiple assets from the Cosmos ecosystem as collateral.
With the imminent launch of the Decentralized Synthetics Exchange, Comdex now has the central component to the puzzle, which is true democratization of finance and bridging DeFi and CeFi in the commodities space.
ValidatorNode is a fast-growing network of validator services. Having successfully partnered with the promising COMDEX Network we now have more than 15 million dollars worth of delegated crypto assets. Our innovative staking-as-a-service (SAAS) model allows retail investors/individuals to leverage their cryptocurrency tokens and earn profits. As a community-driven enterprise, we believe in mutual growth forging meaningful partnerships.
ValidatorNode “Delegator Partners” benefit from the highly secure and advanced and updated features of the ValidatorNode ecosystem. You make the maximum while we ensure seamless continuity and scalability of the validating and staking process.