What is Co-DEX?
Co-DEX is developed using the revolutionary Tendermint / technology Ethermint, and IBC features, to ensure the creation of a decentralized, non-custodial, no transaction fees, smart contract exchange, which supports real-time trading and high transaction throughput. Co-DEX will be supporting limit and market orders, tax-free cancels, and the ability to fill many trades at once.
Our Vision
Co-DEX is exchange made by the blockchain community, for the blockchain community, with the support of the Co-DEX Foundation developers, which aims to meet the many expectations and challenges raised by the community while becoming a tool in furthering the mission to create a world of free movement of funds and assets.
The decentralized exchange is built on top of the Cosmos Network, which is developing a community initiative, and will use the Co-DEX Coin (COD1) as a native asset. Our goal is to be able to make the decentralized exchanges widely used and the main method of trading crypto assets. Our vision is to provide the best services to our clients, from a user- friendly interface, focusing on an easier, more intuitive approach, to a heightened performance and a more improved user experience.
Arising from inside the community, Co-DEX will, in itself, become a strong community opened to everyone who shares our vision and our strive, to create a better platform for the people. Our main task is to develop a decentralized technology for cross-chain transactions, building upon the many innovations of the Cosmos Network, which ultimately will benefit everyone, by providing an easier, more secure and more intuitive way of trading and administration of assets for you the user.
Problem Statement
1. Regarding the problems that plague the centralized exchanges, massive security risk, and massive attacks have led to enormous sums of money being stolen (Mt. Gox — over $470 million) due to breaches that allowed access to hot wallets, one of the many problems of centralized exchanges, crackers making use of these centre points for attacks.
2. DEXs however, have a different system, each user privately controlling his own assets and funds, thus there is no central point for attack. DEXs facilitate faster and cheaper transactions than a centralized exchange, since there is no third party authenticator.
3. One must keep in mind that many exchanges claim to be decentralized, such as Bancor, but are truly hybrid, and their centralized aspects present vulnerabilities. For instance, around $23 million was recently stolen from Bancor, and Bancor responded with a freeze attempt built into their protocol, which is only possible with at least a partially-centralized architecture.
4. Co-DEX though it’s non custodial nature, will work to ensure that the decentralisation aspects are met, so that there isn’t any central attack point that can be targeted, our development team will be working to constantly keep upgraded, the security systems, to create the stable environment needed for investors and users to feel secure, and to have full control and oversight of their funds and assets.
Our Technology
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.
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 our 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. We 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. We here at Co-DEX, want to create a service with the community, by the community, for the community, our orientation is on growth and facilitating users to feel at home when using the Co-DEX platform.
Multiple Order Fulfilment.
Our focus is to provide the best user-friendly oriented approach, thus we 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 our smart contract system will oversee all the necessary multiple transactions, if needed, to ensure that the order is executed.
Market Order and Limit Order.
We 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.
Cross-chain transactions
Cross-chain transactions is the most important feature when it comes to this project. Since every blockchain has its own ecosystem, one of the most difficult and unsolved for many years, problem, was finding a way for all of these blockchains to communicate and to operate together.
Using the revolutionary IBC features developed by Cosmos Network, we strive for a unification under a decentralized and secure platform, thus providing you, the user, a base for trading your assets from different blockchains. As such, you’ll often hear these cross-chain protocols referred to as using an “Internet of Blockchains”, because they will be using a network of Blockchains which are all interoperable, these blockchains finally will have the ability to “speak” to one another because they will be integrated in a standardized way. If technology can achieve this goal, it means that you’re going to be able to speed up innovation based on the fact that people too will be innovating on individual blockchains, which will also further improve other aspects such as scaling, etc.
Finances Breakdown.
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:
1. Technical Development Costs
– will mainly be allocated to employee salaries and contractor costs for developing and securing the software.
2. Marketing and Communication Costs
2. Marketing and Communication Costs
– getting the attention of target audiences by using slogans, packaging designs, celebrity endorsements and general media exposure.
3. Accounting and Legal Costs
3. Accounting and Legal Costs
– for the work associated with auditing and compliance within the jurisdictions the Co-DEX team operate in.
4. Office and Indirect Costs
4. Office and Indirect Costs
– for office space as well as other employment related costs.
5. Event Hosting and Sponsorship
5. Event Hosting and Sponsorship
– to spread awareness about Co-DEX through attending or sponsoring various events.
Co-DEX Token (COD1)
Co-DEX Token (COD1) has several uses:
1. The platform will host other IDOs, participation in these IDOs requiring user to hold COD1 tokens.
2. Setup costs for these future IDOs, will generate liquidity for the COD1 token.
3. Co-DEX will ensure periodical buyback programs to stimulate liquidity. 4. Users will be able to use COD1 as a means of payment towards third parties, if such future collaborations will arise.
5. After new tokens are listed, we will provide an airdrop to all COD1 holders, proportionate to the amount of COD1 each user holds.
The Token Contribution
The Token Contribution will be comprised of two different phases as follows:
Co-DEX Token (COD1)
Co-DEX Token (COD1) has several uses:
1. The platform will host other IDOs, participation in these IDOs requiring user to hold COD1 tokens.
2. Setup costs for these future IDOs, will generate liquidity for the COD1 token.
3. Co-DEX will ensure periodical buyback programs to stimulate liquidity. 4. Users will be able to use COD1 as a means of payment towards third parties, if such future collaborations will arise.
5. After new tokens are listed, we will provide an airdrop to all COD1 holders, proportionate to the amount of COD1 each user holds.
The Token Contribution
The Token Contribution will be comprised of two different phases as follows:
- Phase 1 ( Private Contribution).
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 11 ( IDO).
Our Tokens
What is COD1 Token?
- Very Fast operations
- Without blockchain fluctuations
- Protects the identity
- ZERO fee transactions
- Global System and Security
Co-DEX Official Wallet
Co-DEX official wallet with global connectivity. Ensures easy accesability and safety for your assets.
- Stay Updated
- Keep up to date with our progress.
- Subscribe for e-mail updates.
COD1 Token
1. Token name - Co-DEX
2. Token symbol - COD1
3. Total supply – 250,000,000 COD1
4. Token type - ERC-20
5. Token initial value – 0.05 USDT
6. Token Decimals – 18
1. Token name - Co-DEX
2. Token symbol - COD1
3. Total supply – 250,000,000 COD1
4. Token type - ERC-20
5. Token initial value – 0.05 USDT
6. Token Decimals – 18
COD1 Token Contribution
1. Token Name: COD1
2. Hard Cap:equivalent of 5,000,000 USD in ETH/BTC/ATOM
3. Token Value:1 COD1 = 0,05 USD
4. Currency Accepted:ETH, BTC, ATOM
5. Min Contribution:0.1 ETH
6. Private Contributions:TBA
7. IDO Starts:Q4 2019
8. Ends:After 30 Days or Hard Cap reached
Token Distribution and Allocation
Co-DEX TOKEN METRICS
- 40%: Token Contribution
- 25%: Team & Advisors
- 10%: Marketing
- 10%: AirDrop & Bounty
- 15%: CoDEX Reserve
Our Strategy and Project Plan
Q1 2019
Creating the Co-DEX Fundation and establishing the development Team
Q2 2019
Establishing the Advisory board, Development of the site
Q3 2019
Launch of site, Launch of social media and communication channels
Q3 2019
Start the Private Contribution
Q3 2019
Alpha testing of the platform
Q4 2019
Beta testing of the platform
Q4 2019
Launch of decentralized exchange platform
Q4 2019
Launch of COD1 IDO
Q4 2019
Hosting other IDOs
Q1 2020
Implementation of various blockchain tokens and currencies through the interoperability feature created by COSMOS
Q2 2020
Development of our CO-DEX Wallet
Q3 2020
Launch of CO-DEX Wallet, creation of compatibility features with the platform
Our Team
1. Mihai Condurache
Founder
Company Owner presso CoDEX Foundation, CEO of Co-DEX Exchange
2. Arturo Parrillo
Communication Event Coordinator
CEO – Founder of Medianet Group srl, StartUp Expert
Co-DEX Foundation
Development
Software Development, Blockchain Solutions Development
3. Ria Diaz
Social & Community Manager
Community Manager at Xarbon and NEM.io Foundation
Osiz Technologies
Developer
Blockchain and Software Development Company
4. Sulthan Syed
Project Manager
Business Development, Customer service, Project Management, Co-ordinating
5. Pranav Arya
Co Executive Marketing Officer
CMO at CURATE, Strategic Marketing Consultant at ArmaCoin
6. Deepanshu Bhatt
Chief Marketing Officer
Blockchain Consultant, Growth Advisor, Fundraiser, HighBank Advisor
7. Your Name Here
Technical & Development
Our Advisors
1. Kail Lee
Advisor
Project DEX Networks CEO – Dobi trade Referall Consultant – POLYMATH Community Manager – BYTEX Exchange Pioneer – VENTASBit exchange /strategic manager – Coin Play Ground Owner – The 1st generation Marketing Project member – QDAO Stables engineering Marketing advisor – CINEMA BLOC CMO (Chief Marketing Officer) – COINPUB CEO
2. Hamza Khan
Advisor
Blockchain Dev, Advisor, Developer, Stellar Blockchain Expert, CEO Stellar Gold, ICO Analyst & ICO Expert FortFC
3. Alessio Vincenzo Fallica
Advisor
CEO – founder & trader presso MooNey AI, Head Management TRADING GROUP SRL, Community manager QUOINE, Crypto Investor
4. Mark Westerweel
Advisor - Project Manager
Ambassador ALGORAND, TOP Network, EFFECT.ai, Comunity manager ONTOLOGY, Business Development Agent NAUTICUS Blockchain
Conclusion
Co-DEX project aims to create and provide to the world, the full power of decentralized exchanges and capitalize on the interconnectivity and interoperability of cross-chain features. We will write the right path for all traders, blockchain enthusiasts and future generations. We dream about full transparency, high security and peer to peer exchanges without the risk of having to trust third parties and additional taxes. We aim to put back into the people’s hands, the much needed financial independence. If you share our beliefs and you have similar dreams, you can support our project, join our groups and take part in Co-DEX and the coming blockchain revolution. Together we will bring about the much needed change for a brighter future for our own and the next generations of traders and crypto enthusiasts.
To get clearer and more accurate information please visit the official link below:
- Website : https://co-dex.network
- Whitepaper : https://co-dex.network/co-DEXWP.pdf
- Facebook : https://www.facebook.com/co.dex.decentralized.exchange
- Reddit : https://www.reddit.com/u/Co-DEX
- Twitter : https://twitter.com/@CoDEX_Social
- Reddit : https://www.reddit.com/u/Co-DEX
- Telegram (English) : https://t.me/co_dex
- Telegram (Korean) : https://t.me/co_dex_korean
- E-mail : social@co-dex.network
- Instagram : https://www.instagram.com/codex_social/
- Ann Thread : https://bitcointalk.org/index.php?topic=5178175.0
AUTHOR
Bitcointalk name: DEWI08
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=894088
Telegram username: @ dhewio8
Wallet address (eth): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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