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HomeCOINSWhat Is Comdex (CMDX)? Complete Guide Review About Comdex.

What Is Comdex (CMDX)? Complete Guide Review About Comdex.

What Is Comdex (CMDX)?

Investors today lack access to an extensive range of asset classes due to censorship, limited global accessibility, liquidity constraints, and high transaction costs. The advent of Comdex has brought with it a wave of products that enhance investors’ access to a broad range of financial products on public ledgers. At the heart of this movement is the tech that enables digital representations of financial assets that can be tracked and traded on immutable blockchain ledgers. Digital token of assets enables global accessibility, improved liquidity,and reduced transaction costs.

While DeFi does enhance access for crypto investors to a broad range of financial services,the avenues for investment remain restricted mainly to on-chain assets. Few products can build bridges for crypto-assets and real-world financial assets, allowing for the movement of capital from the DeFi ecosystem to CeFi (centralized finance). Even within the realms of CeFi, there exist several regulatory obstacles and restrictions to access stable,inflation-resistant assets and debt products.

Apart from the need for bridges between the crypto and Comdex, the proliferation of various crypto assets needs bridges that facilitate the seamless portability of these assets across different chains. Cosmos addresses it with its IBC (inter-blockchain communication)protocol, a standard for data and token exchange between native chains. By leveraging IBC,the decentralized synthetics protocol will allow users to access a range of inflation-resistant synthetic assets through Codex.

Comdex Storage Key Points

Coin BasicInformation
Coin NameComdex
Short NameCMDX
Circulating Supply30,136,237.86 CMDX
Total Supply111,497,531
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Commodities

The commodities trade industry is a $ 17 trillion industry and is the unquestionable lifeblood of the global supply chain. More than 80% of the annual commodities trade volume relies on financing to enable traders to meet working capital requirements. However, lack of access to capital leads to a massive gap in financing, which houses an opportunity to create bridges from alternative sources of capital. In the same way that technology has digitized the trade of equities or Forex. It has made these assets and derivatives accessible to the investor.

Comdex are at the cusp of a revolution centered around increasing global accessibility to dynamic commodity-related investment vehicles for investors. With interest rates at historically low levels globally, investors often fail to beat inflation through the “safe” assets they can access domestically. As a result, investors seek speculative and high-risk asset classes to make returns enough to sustain above inflation. The commodity trade and trade finance industry represent the quintessential example of an industry that can offer investment vehicles centered around the trade and financing of products that possess an incontrovertibly intrinsic and inherent value.

Problems With The Industry

Despite being an enormous industry of global significance, commodities trade & trade finance are still primarily marred by inefficiencies and vulnerabilities. The onslaught of the Covid-19 pandemic has left the industry with a $3.4 trillion financing gap. The key factors behind this trade financing gap are the lack of trust and efficiencies between buy-side and sell-side financing.

Comdex On the sell-side of trade finance, regulations play a huge part in slowing down the speed of transactions with added due diligence and verification needs. The industry is faced with severe distrust among stakeholders as it is still heavily reliant on paper-based documentation for trade execution. Such manual and cumbersome systems are heavily prone to errors and fraud, which malicious actors have at several points exploited.

Synthetics

Comdex traditional finance, derivatives are arrangements between two parties based on an underlying asset. Derivatives allow investors to take speculative positions without having to take direct exposure to the underlying asset. The use of derivative representation of underlying is a practice that dates back centuries and finds its origins in commodities trade, where merchants often used physical objects as representatives of contracts for units of agricultural goods. These representations helped the merchants and farmers hedge against the future movements of prices of commodities.

On Comdex, synthetics are tokenized derivatives that provide exposure to the price movement of real-world assets through creation of collateralized debt. Through synthetics, investors can provide liquidity, borrow and speculate with a range of assets. Therefore, synthetic assets have a crucial role to play in your mission to democratize finance. This has already built the capabilities to help enhance the access of SME & MSME borrowers in commodities trade to trade finance. However, to truly improve their access to finance, there is a need for bridges to alternative sources of financing.

The Protocol

The Comdex synthetics exchange facilitates the creation and trading of synthetic assets on-chain. Minted synthetics on the chain are called ‘cAssets.’ Each commodity listed on the platform has its own unique ‘cAsset’ token tradable on the ‘cSwap,’ which is the AMM module of Comdex.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .