CO-DEX – blockchain marketplace

Co-DEX – the first NO FEES decentralized exchange, based on the IBC innovation provided by Cosmos Network, no more relying on a third-party service which holds customer’s asset is necessary, an automated process called “smart contracts” allowing the trades to happen directly between users.

Co-DEX is the decentralized exchange (DEX) of the Future. It guarantees the highest possible security, full transparency and open source logic using the interoperability of Cosmos Network, Co-DEX will supports not only all Ethereum based tokens, but using the concept for the cross-blockchain features, Co-DEX will allow you to trade any tokens regardless of their native underlining blockchain making it easier for you, the user, to thrive in the crypto landscape.

Co-DEX will implement a system where anonymity and privacy are the key components, security, of course being the main aspect, every transaction will be carried out following the necessary protocols to ensure the utmost efficiency, promptitude and security.

Governments have been shown to try to exert control over centralized exchanges, users having to answer to authorities that can and have been shown to track and tax these users, or even go to such lengths as to ban certain types of cryptocurrencies, problems that don’t reach the sphere of decentralized exchanges.

Heighten scalability will allow for future upgrades, thus systems will always keep pace with the new innovations and revolutionary features that are developed. To further show user-friendly oriented approach, Co-DEX will provide everyone an easier means to access and use the platform by integrating and generating the necessary compatibilities for Metamask and Ledger users.

The main argument over other existing decentralized exchanges which Co-DEX brings to the table is the fact that it will take full advantage of the innovations and features of the COSMOS Network, ensuring a plenitude of tokens and coin being able to be traded regardless of their native blockchain.

Also, you can opt to have your funds secured through the decentralized wallet applications, Co-DEX Wallet, which will store private keys only on your device, so traders can retain full control over their funds and private keys. DEX is made by the blockchain community, for the blockchain community, with support from Co-DEX Foundation developers, as part of advancing mission to spread the freedom of money.

No Fees

Other platforms request elaborated procedures and practice substantial fees that make trading very difficult at times, Co-DEX ensures that the users will benefit from a simplification of procedures and with policy of “Community First”, Co-DEX will practice NO FEES on top of the necessary gas or transaction costs that validate the transaction on the blockchains. Will provide a platform that is efficient, the user will only be charged the amount needed to cover the costs of the transaction, thereby giving you the option to have more control over the fee service system. Here at Co-DEX, want to create a service with the community, by the community, for the community, orientation is on growth and facilitating users to feel at home when using the Co-DEX platform.

Multiple Order Fulfilment

Focus is to provide the best user-friendly oriented approach, thus will be offering a Multiple Order Fulfillment platform for a more cost-effective and less time wasting trading experience. You will only get charged for one single transaction, although you will be able to set an order for a specified amount and smart contract system will oversee all the necessary multiple transactions, if needed, to ensure that the order is executed.

Market Order and Limit Order

Provide both possibilities to ensure for a better satisfaction of your needs, either place a Market Order to buy or sell a stock at the best available price, thus assuring it is normally executed on an immediate basis OR you can use a Limit Order, which will allow setting the price at which you want to buy or sell the stock, the trade thus will only get executed when the price breaches the level that has been specified.

Co-DEX Token

Co-DEX Token (COD1) has several uses:

– The platform will host other IDOs, participation in these IDOs requiring user to hold COD1 tokens.

– Setup costs for these future IDOs, will generate liquidity for the COD1 token.

– Co-DEX will ensure periodical buyback programs to stimulate liquidity.

– Users will be able to use COD1 as a means of payment towards third parties, if such future collaborations will arise.

– After new tokens are listed, will provide an airdrop to all COD1 holders, proportionate to the amount of COD1 each user holds.

Specification:

– Token name – Co-DEX

– Token symbol – COD1

– Total supply – 250,000,000 COD1

– Token type – ERC-20

– Token initial value – 0.05 USDT

– Token Decimals – 18

Distribution and Allocation

The Token Contribution will be comprised of two different phases as follows:

Phase 1. Private Contribution

90.000.000 COD1 will be available in the Private Contribution as follows:

Minimum individual cap: the equivalent of 5.000 USDT in ETH/ BTC/ ATOM
Maximum individual cap: the equivalent of 50.000 USDT in ETH/ BTC/ ATOM
Tokens obtained during the Private Contribution will benefit from a 25% discount.

The allocation of the Private Contribution tokens will be as follows: 25% tokens after end of phase II (IDO), then after 30 days, each private contributor will receive the rest of the 75% tokens as a daily allocation of 0.1% per day.

Phase 2. IDO

A minimum of 10.000.000 COD1 will be guaranteed for the IDO as well as any other remaining tokens from the Private Contribution. Phase II will take place on platform and will be open for thirty days, but will end immediately after all the tokens have been covered by the contributors. After a period of thirty days, any remaining tokens will be burned. After the end of Phase II, all tokens obtained in the IDO will be unlocked

Finances

The majority of funds will be used to continue the research & development of the exchange, while the remaining portion will be used to raise awareness about the decentralized exchange.

Some of the key costs include:

– Technical Development Costs – will mainly be allocated to employee salaries and contractor costs for developing and securing the software.

– Marketing and Communication Costs – getting the attention of target audiences by using slogans, packaging designs, celebrity endorsements and general media exposure.

– Accounting and Legal Costs – for the work associated with auditing and compliance within the jurisdictions the Co-DEX team operate in.

– Office and Indirect Costs – for office space as well as other employment related costs.

– Event Hosting and Sponsorship – to spread awareness about Co-DEX through attending or sponsoring various events.

Roadmap