Comdex CMDX Token Economics & Utility

Comdex introduced details about the token economics of CMDX, the native token of the Comdex chain that plays a crucial role in helping Comdex fulfil its vision to build an ecosystem of solutions to democratize finance.

CMDX plays five critical roles in the Comdex ecosystem-

🔸1) Being the native token of the chain, CMDX powers the network’s staking economy. Transaction fees and staking of CMDX helps secure the network.

🔸2) CMDX holders can also be involved in the governance of the protocol. CMDX holders play a role in making critical decisions for the protocol like whitelisting of synthetic as well as collaterals that can be used on the platform.

🔸3) Comdex synthetics app users can collateralize their CMDX holdings to create and trade synthetic cAssets on Comdex.

🔸4) CMDX tokens will be distributed as rewards to liquidity providers and other participants who perform critical functions in the network.

🔸5) CMDX tokens will be minted and burned to maintain the stability of cAssets in the network and ensure the solvency of the net debt of the network.

About Comdex

Comdex is a decentralized synthetics protocol in the Cosmos Ecosystem. Comdex builds solutions to democratize finance by giving investors exposure to a large range of asset classes.

📰 INFO

https://blog.comdex.one/cmdx-token-economics-utility-cd66bda2c1bb