Comdex

FAQ's

What is Comdex?
The Comdex chain now serves as a DeFi infrastructure layer for the Cosmos ecosystem.
Essentially this means that Comdex provides a variety of interoperable plug & play
modules for projects to use to create their own DeFi platforms providing utility to
the Cosmos community as well as DeFi users worldwide.
Comdex is building an ecosystem of solutions that work synergistically to aggregate
liquidity from DeFi ecosystems and facilitate its flow into CeFi. Whether through the
enterprise trade platform & the tokenization of real-world assets through access to the
price fluctuation of various assets via Synthetics, as a Defi infrastructure layer,
the Comdex ecosystem promises to facilitate an all-in-one hub to democratize finance.
1. Composite:
   Composite is an over-collateralized stablecoin designed to be a stable representation of purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.
2. Commodo:
   Commodo is a lending/borrowing dApp, native to the Comdex chain utilizing the $CMDO native token, allowing users in the Cosmos ecosystem to more efficiently utilize their capital. This dApp will integrate with the other apps like the synthetics exchange to enhance the cAsset user experience and function as its own platform.
3. cAsset:
   cAsset is the innovative new synthetics app that allows the creation of synthetic assets based on the price fluctuation of real-world assets, such as commodities or cryptocurrencies. Once users have their synthetic assets, they can then use those assets to earn yields.
4. ShipFi:
   This dApp promises to facilitate the creation of CeFi financing through collateralization of real-world assets as NFTs.
5. Enterprise Trade:
   This platform will allow its users to facilitate real-world trade financing using digital assets as collateral, thus providing its Enterprise users with readily accessible liquidity to meet their demands.
What is the role of CMDX?

CMDX is the Comdex chain’s native token, and it will be critical in assisting Comdex in fulfilling its vision of creating an ecosystem of solutions to democratize finance. Below are the specifics of CMDX’s token economics, as well as an explanation of how it will function within the Comdex ecosystem.

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.

How did Comdex Launch?

Comdex launched through an LBP where liquidity was provided to a pool offering the token in a reverse Dutch auction on Osmosis. This involved setting Comdex at the highest auction price and then gradually reducing the price until enough Comdex was sold to balance the LP pool in a 1:1 ratio.



Who is in the Team of Comdex?



Abhishek Singh Co-founder & CEO



Siddarth Patil Co-founder & COO

Dheeraj Dubey VP Engineering

Pratik Kumar Blockchain Developer

Laxminarayanan Iyer Strategy & Research

Ismail Kamdar Strategy & Research

Pooja Hiremath Lead Designer

Lokesh Kalava Designer

Vishnu Kumavat Blockchain Developer

Srinu Kummari UI Developer

Khushaali Seth Finance associate

Rhythm Jain Marketing

Amil Babu Marketing

How to stake CMDX?

Creating Your Cosmostation Wallet

Before you can get started with the Cosmostation wallet, you will have to create one. To create a web wallet, download the app.

Next, click on “show mnemonic” and create a pin code. Write down the entire mnemonic phrase that is given and make sure to store this phrase offline or in another secure location. Please also remember that losing your mnemonics could lead to the loss of your assets.

Then select “create wallet”. That’s it; you’ve now created your wallet. If you’d like to make a wallet for each asset, go to “settings” and then “wallet manage”. Select the wanted asset and click “create”.

 

Staking With Cosmostation

Send your $CMDX to your wallet by copying the address and using another wallet or DEX to send. Wait a couple of seconds, and your assets should appear on the dashboard.

Next, on the dashboard, select “Delegate”. A list of all validators will appear; scroll down to find the validator of your choice. 

When you select the validator, you will see the total amount bonded, commission rate, and estimated results. Select “Delegate” once again to continue.

Fill in the amount that you’d like to delegate and click on “Next”. You will then see the transaction fee (gas fee), double-check the fee and select “Next”. Check all the delegation details and click on “Confirm” if they are correct.

Next, the transaction details are shown. Read through them and select “Done” to continue. Click on “Confirm” once again, and that’s it. You’ve now delegated your assets to your selected validator.

 

Platforms to stake CMDX

Cosmostation Wallet: https://wallet.cosmostation.io/

Omniflix: https://comdex.omniflix.co/

Unagii: https://app.unagii.com/stake/comdex

Ezstaking: https://comdex.ezstaking.io/

Where do Comdex Staking Rewards Come from?

Comdex has an inflationary token supply with a 30% inflation set for the first year and then reduces by 25% for each year after with a max supply of 200 million tokens. For a more in-depth understanding of the Comdex, tokenomics check out this awesome article.



How much can I earn staking CMDX?
There are two ways to earn revenue with CMDX through Staking.
1. 1. You can delegate your CMDX. Here you can 41.39% on your CMDX, but take into account that there is an inflation in CMDX token and a validator fee you have to pay.
   2. Run your own validator node. By this, you can earn more than 44%. You have no validator fee to pay, but you have to set up the node and maintain it.
How to choose the right validator?

The choice of the right validator is a personal preference.

You have to take into account things like balance, uptime, commission, and the trustworthiness of the validator.

To make your choice easier we introduced the Verified Provider Program.

Within this program, we’ll check the validator on all these important factors.

If the validator passes he gets this badge on his profile, for example here is the profile of stakefish.

 

What are the risks staking CMDX?

The main risk when staking CMDX is in the lockup time, up to 14 + days. The market price of CMDX could fluctuate during this period affecting the overall value of your position.

Other risks to consider are derived from your validator selection. If a validator misbehaves or goes offline it could face certain slashing events that could affect your Stake.

These are considered to be normal risks associated with Delegation.