CODI Finance officially launched its Initial Exchange Offering (IEO) on November 15, 2021. This on the P2PB2B exchange, which would give investors the opportunity to get CODI tokens at a special price.
The success of CODI
The allocated number of tokens for the IEO is 20% of the maximum supply, which amounts to approximately $66,000,000 in CODI tokens. CODI has been a huge success from the start. The level of success achieved in a short period of time is why it is the next big step in the Solana (SOL) ecosystem.
The current IEO will run from November 15 to December 14, 2021 and will take place in three rounds:
Round 1: November 15 to November 30, 2021
Available Stock: 30 000 000 CODI for $0.04.
Round 2: December 1 to December 9, 2021
Available Stock: 21,000,000 CODI for $0.05.
Round 3: December 10 to 14, 2021
Available Stock: 15,000,000 CODI for $0.055.
CODI is a promising project, as evidenced by the success of the private sale in early October this year, and it plans to move fully to a DAO governance model, fully managed and owned by the CODI community . Other features, such as a decentralized social networking model and a fully customizable procurement protocol, are also integrated into CODI. It aspires to be the project of decentralization in the DeFi space.
Collaboration with Chainlink
Traditionally, blockchains and smart contracts are only aware of what is happening inside. The goal is to connect smart contracts across different blockchains and give those contracts access to key resources that are not on the blockchain, such as data feeds, Web Application Programming Interfaces (APIs), and traditional bank account payments. This partnership gives CODI the opportunity to monetize its data and gives access to all networks. In simple terms, Chainlink can be described as a decentralized network of oracles that provide data and it is very important for evolving blockchain connections and with very high convenience. This means there is no need to modify existing backend systems or business models to make itself compatible with other blockchains.
The Solana ecosystem is growing and CODI wants to leverage the speed and favorable rates to take over the DeFi market.
CODI will be a DEX platform where users can quickly and easily transfer funds between wallets, exchange cryptocurrencies, deploy them, ensure market liquidity and fully manage network capacity using Solana’s potential to leverage power structures in the crypto industry to disturb. It offers unparalleled security, blazing fast blockchain speeds and quite lower transaction costs, which are expected to lead into a new era of DeFi.
Would you like to know more about the CODI project? then click here to go to their website, or click on one of the links below to go to their social media channels.