Overview of Web3, Defi and CODI Finance.
With recent comments from influencers and tech thought leaders like Elon musk, a whole lot of attention has been shifting into Web3. While traders are looking for Web3 related tokens as gems of the future, developers are building solutions on Web3bridge, CODI Finance is bringing with real Web3.0 experience.
CODI Ecosystem which is made up of three offerings mainly Initial Dex offering launchpad, Non fungible token marketplace, and a Decentralized exchange is powered by a potential gem called $CODI.
CODI Finance is positioned on Solana to give a much better user experience as against Ethereum mainnet whose proof of work consensus is slow, coupled with limited scalability and high transaction fees often encountered by users of Defi and related services.
Solana transaction average fee is 0.0015$ and can process 65,000 transactions per second, faster and cheaper than Ethereum and Binance smartchain.
CODI Ecosystem.
Initial Dex offering Launchpad
With Recent buzz and Success recorded by most centralized exchanged via launchpad, a subscription model that allows investors to become early buyers by participating in a subscription model where they are required to either hold, stake, or lock certain cryptocurrencies in their vaults or wallet to receive an allocation of tokens for the launchpad projects which is always calculated based on holdings for a certain amount of time and total amount used by other participants.
There are quite lots of challenges with this, considering that most exchanges are centralized and quite some times some users use Bots to fill whitelist spots in seconds, no guarantee spots.
CODI’s finance goal is to build a fully decentralized IDO launchpad, COPAD. COPAD aims at fixing issues associated with Pre-existing launchpads and introducing an automated rewards system to encourage even more enthusiasts to provide liquidity for projects.
NFT marketplace.
Due to high gas fees, most creators of NFTs cannot afford to mint their Tokens on the marketplaces, and while that can, need to wait hours and days for transactions to execute since most popular NFT marketplaces are deployed on Ethereum.
CODI aims at aiding the growth of the NFTs creators and buyers by allowing them to create and transact with cheaper gas fees and faster transactions since CODI is deployed on the Solana network.
Codiswap
One of the main features of Web3 over Web2 is decentralization. It allows people full permission over their assets. With decentralized Finance, users have full control over their funds, unlike Centralized wallets.
Deployed on Solana Blockchain, Codiswap a fully decentralized exchange platform allows users to trade tokens with a smooth experience.
CODI Token
Tokenomics
CODI Finance token with ticker $CODI is an SPL token with 25% allocated for Team & Adviser, 25% For product Development, 15% for Reserve, 20% for Employee & Operation, 15% for Technical Research.
Uses cases
With so many potentials for growth. Holders of CODI can earn passive income by staking, Trading on the Dex, and participating in governance and decision-making by making the CODI token.
Staking
10% of the CODI supply is allocated for staking. It allows holders to earn passive income while waiting for potential market pumps.
Should You Buy CODI token?
Use cases, dedicated teams, and a strong community are essentials for a successful project since market activities are triggered by announcements and activities.
The CODI team is made up of experienced and known Team members. CODI is building solutions and hence making CODI tokens relevant with many use cases.
Beyond the pumps, Holders can also earn passive income staking CODI. Nothing is financial advice but if you’re looking to invest in a gem early, you should check out more on CODI via the website at Codi.finance.
