Thread by @davey_0602

1) You all know I'm a massive fan of @ComdexOfficial and what they're building, right?

Dive with me into this thread and let me explain some things about $CMDX and why I believe this is going to be one hell of a journey!

Support is much appreciated champs. Let's go! ⚛️

2) What is Comdex? Comdex is a decentralized synthetics protocol in the Cosmos Ecosystem. Comdex aims to provide users access to commodity assets, on-chain, which have inherent and tangible value. Users can gain exposure to a range of synthetic perpetual commodity contracts.

3) Cool and all, but what does this actually mean? Comdex allows it's users to create and exchange synthetics known as C-assets. C-assets are on-chain derivatives that represent real world assets. Such as gold and silver. Because of Comdex these will be tradable...

4) on chain. Which brings us to their unique use-case of bridging #CeFi and #DeFi. By holding C-assets, the users are gaining exposure to price fluctuations of real-world assets with the security of blockchain. In other words, by becoming a user of Comdex...

5) you will be exposed to a new world of possibilities. See this short video below which explains it perfectly.👇

https://twitter.com/ComdexOfficial/status/1478786656865898496?s=20

Let's move on. Comdex is a trade-tech platform with a suite of products designed to tackle some of the industry’s major challenges. Such as:

6) - Shorter trade cycles:

Automated real-time verification of crucial trade documents prevents delays in trade settlements, improving the resulting topline of the trading organizations.

- Establish credibility and trust:
Allowing SMEs and MEs to generate verified trade...

7) reputation data to reduce hurdles in access to financing and expanding business outreach.

- Organized trade workflows:
A secure & streamlined platform for storage of key trade collaterals to enhance auditability of trade data.

8) - Reduced legal processes:
Any possibility of forgery in crucial trade documents is eliminated with immutable trade records stored on-chain, which leads to reduced legal expenses.

What are the benefits of using the Comdex platform?

9) - Counterparty KYC:
All trading organizations using the platform undergo thorough KYC and AML screening to establish trust.

- Trade Workflow
Key trade information and documents exchanged during a trade are securely stored on the blockchain immutably.

10) - Live trade room:
A unified interface with features of the live chatbox, shared document viewing, and e-signing to enable frictionless negotiations and execution.

- Trade settlement:
This module, powered by WU EDGE allows trades to make near-instant settlements...

11) for executed trades, at costs lower than those of banking alternatives.

- Trade finance:
Financiers can access a portfolio of executed trades between KYC'ed parties requiring financing and the crucial underlying documents.

12) The platform aims to make each step of commodity trade faster, smoother and easier.

You might ask yourself why is the synthetics exchange build on @PersistenceOne. There are 3 main reasons why:

- Immutable audit traile
- Greater Business Outreach
- Improved risk management

13) At last i want to take a look at what problems the commodity trade industry has today:

- Lengthy Trade Cycles
- Scarcity of Real-time discovery platforms
- Falsification of crucial data
- No Ratings / Scoring system establishing the credibility of the traders

14) The solutions of comdex:
- Trade discovery
- Trade settlements
- Trade finance
- KYC and AML checks on both ends
- Regional offices

Comdex is build for speed, transparency and trust commodities trade and trade finance.

15) I hope you all have a better understanding of what Comdex is, and I hope I showed and explained why I'm crazy bullish about the project and the future that comes with it.

Unique usecase - Unique succes! $CMDX