On this occasion I will provide an interesting information, especially in the world of Cryptocurrency. The ICO project this time is related to the world of exchange called Co-DEX is an exchange made by the community, for the community. Before the discussion, you should read reviews that can help obtain information in seeing their vision and mission. Hopefully this time information of course, gives a little insight and interest in you to get involved with the Co-DEX ICO Project.
About Co-DEX
There are huge numbers of cryptocurrency exchange nowadays, both centralized and decentralized. Decentralized exchange system have some distinctive qualities that make it far convenient, transparent, and efficient than their counterparts. There is no requirement of KYC verification and some other inconvenient procedures as in Centralized exchanges.
Decentralized system of exchanges are completely transparent and confidential. Users don't need any complicated registration procedure which will require their email address, password, and their identities. All they just need to access the platform is their existing Private key or alternatively creating new wallet from the exchange in just few seconds. Deposit, trading, and withdrawal speed is determined by the network speed.
Sometimes, we all know ethereum network slow users down where there is heavy congestion in the network. Practically, nothing can be done to fast-rack this procedure other than to wait till the network concluded the transaction itself. Users Private key in Decentralized Platform are not saved anywhere,it allows users to take complete control over their assets unlike the centralized system where you will need to deposit your funds first in the centralized account before you could make an order.
Another shortcoming of Centralized trading platform is the manipulation of trading volume with the use of trading bots. Most people complain decentralized platform doesn't always have volume. Yes, this is right because the trading volume in most decentralized exchanges are very organic, there is nothing like fake trade volume or any sort of trade volume manipulation unlike in the centralized platform.By and large, am just trying to highlight some distinctive features of decentralized Exchanges and why it is far better than the centralized system.
Unlike some decentralized exchanges who only centered on a single blockchain. Co-DEX has developed an interoperability Blockchain system where different forms of native Blockchain can work together on the platform. Co-DEX was able to achieve this wonderful innovation through the innovative function established by Cosmos Network. The principle of codex Exchange was based on Space Network.All processes in the system have undergone the IBC innovations which are able to transact in the most secure way within the network of the participants by implementing the transparent structure of the source code of the Space Network.
What makes Co-DEX unique among other Decentralized exchanges is its transparent and secured and Blockchain architecture will not be limited to just single Blockchain network but supports other Blockchain networks which are subjected to cross-blockchian. The architectural design of this platform will simplify trading for the traders and the entire crypto communities.Co-DEX integration of Cosmos Network will enable it becoming one of the high ranked Cryptocurrency exchange as the architectural design simply embrace connection of multiple native cryptocurrencies and users, it is not limited to a single Blockchain Network.
The IBC innovation by Cosmos Network makes it no fees Platform. Users don't have to deposit funds on a particular account before they could execute trades. The system implements Smart contracts which allow trading taking place directly between users. Obviously ,Co-DEX will play a very huge role in Cryptocurrency Ecosystem, simplifying trading system, ensuring transparency and profitability through its no fees trading concepts.
Features of Co-DEX platform
- No Fee Concept: Users are only charged for fees of a single transaction. Users will be provided an option to select their preferred fees in the fee's service structure.Unlike other exchanges that charges on any trades executed on the platform, the reverse is the case in Co-DEX platform. Trader's profitability is one of the priority of the Co-DEX exchange.
- Multiple Order: Users are offered a multiple order platform which open doors for cost economy and less trading time.With this concept, users are only charged for a single transaction, as mentioned earlier, users will be offered an option of the service fee structures that suits them.The Smart contract system oversees the transaction procedures and ensuring multiple orders are successfully executed.
- Cross Chain transactions: This has been one of the problems blockchain researchers has been working towards. Co-DEX will enable cross chain transaction which will allow multiple blockhain system to interact on a single platform. The system will benefits the traders and improve the platform liquidity. Implementing the IBC features built on Cosmos Network allows Co-DEX to achieve this inter-operability within the Blockchain Network.Co-DEX also take the security as the utmost priority in their platform which makes transactions and users assets more secured than any other platform.
Our Mission is to allow a broad base of community members to participate in the IDO planned on our Dex. Co-DEX cannot guarantee that all prospective interested parties will be able to obtain their desired allocations during the Private and IDO phases, where the total maximum cap will be the equivalent of approximately $5 million in ETH/BTC/ATOM. The amount of tokens available during the Token Contribution will be 100,000,000 COD1.
Token Details
- Token Name:COD1
- Hard Cap:equivalent of 5,000,000 USD in ETH/BTC/ATOM
- Token Value:1 COD1 = 0,05 USD
- Currency Accepted:ETH, BTC, ATOM
- Min Contribution:0.1 ETH
- Private Contributions:TBA
- IDO Starts:Q4 2019
- Ends:After 30 Days or Hard Cap reached
Co-DEX Token Metrics
- 40% Token Contribution
- 25% Team & Advisors
- 10% Marketing
- 10% AirDrop & Bounty
- 15% Co-DEX Reserve
Roadmap
Our Advisors
Conclusion
We at Co-DEX regard the entire crypto market spectrum as an expression of the needs, worries and desires of each individual who together embraces the notion of community. From this Co-DEX emerged, and through it, Co-DEX will develop into a mirror of all ideas proposed by the community and its members.
For more information about Co-DEX, please click the link below:
- Website: https://co-dex.network
- Whitepaper: https://co-dex.network/co-DEXWP.pdf
- Twitter: https://twitter.com/CoDEX_Social
- Facebook: https://www.facebook.com/co.dex.decentralized.exchange
- Reddit: https://www.reddit.com/user/Co-DEX/
- Telegram Channel: https://t.me/co_dex_ann
- Telegram: https://t.me/CO_DEX
- Instagram: https://www.instagram.com/codex_social/
- Linkedin: https://www.linkedin.com/company/codex-foundation
- Steemit: https://steemit.com/@co-dex
Author: Enno Netral
ETH: 0xC860a2F9510a73038Da3292bb9B28fA7a3F3cbA2