Comdex is a decentralized synthetics protocol of the Cosmos ecosystem. Users of Comdex can create and trade a wide range of commodity synthetic assets. Comdex builds solutions to democratize finance by giving investors exposure to an extensive range of asset classes.
What are synthetic assets?
A synthetic asset is an on-chain derivative that derives its value based on the price of an underlying asset. Synthetics enable investors to take exposure to just the price movements of assets without taking any ownership of the underlying asset. On Comdex, users can create, trade, and provide liquidity of a range of synthetic commodity assets.
Due to geographical limitations, investors today lack the freedom to access a large set of financial assets. Synthetics allow for the tokenization of real-world assets with fewer hurdles than those in the traditional derivative markets. Synthetics also enable asset originators to gain liquidity on their illiquid debt assets by creating synthetics that facilitate a seamless flow of capital between asset classes.
Commodities trade, a $17 trillion industry, is unquestionably the lifeblood of global supply chains. In times of economic uncertainty and high inflation, commodities prices tend to have long term inflation-resistance due to their inherently tangible and pragmatic value.
Investors today cannot freely access these assets due to several hurdles. Additionally, SME & MSME borrowers lack the trust and efficiency needed to qualify for financing, causing a $3.4 trillion financing gap.
By combining the immutability of blockchain and interoperability of IBC, Comdex's synthetics protocol enables investors to take exposure to a broad range of financial assets seamlessly. By creating solutions across the industry, Comdex aims to build bridges for the flow of capital from DeFi and CeFi.
What solutions does Comdex build?
Comdex is building a decentralized synthetics protocol on the Cosmos SDK to allow Cosmos ecosystem investors to trade commodity synthetics. Comdex has built an enterprise trading platform for physical commodities trading, built on the Persistence SDK, that enhances trust and efficiency in the commodities trade and trade finance industries. Comdex will launch ShipFi, a dApp for digitization and exchange of commodity trade finance debt.
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.
January 6, 2022
COMDEX- The Decentralised Synthetics Exchange - Comdex Official
July 13, 2021
COMDEX- Vision - Comdex Official
September 28, 2021
COMDEX: Bridging DeFi and CeFi - Comdex Official
April 22, 2021
COMDEX: Democratizing Commodities - Comdex Official
June 7, 2021
Documentaries, videos and podcasts
Comdex Mainnet Launch Party | A synthetics asset protocol in Cosmos Ecosystem | $CMDX
December 22, 2021
Comdex Mainnet Launch Party | Panel-1 | The rise of DeFi in the Cosmos Ecosystem
January 13, 2022
Comdex Mainnet Launch Party | Panel-2 | A look back at how far we've come in the Cosmos Ecosystem
January 24, 2022
HOW COMDEX WORKS
November 12, 2018
Introducing Comdex's Decentralized Synthetics Protocol
October 16, 2021
- Blockchain and cryptocurrencyTopics related to blockchain and cryptocurrency.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
- CosmosCosmos is an ever-expanding ecosystem of interoperable and sovereign blockchain apps and services, built for a decentralized future.
- OsmosisOsmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens.