Place/Date: - November 2nd, 2021 at 2:44 pm UTC · 2 min read
Contact: CODI Finance, Source: CODI Finance
CODI Finance, a DeFi ecosystem powered by Solana, one of the world’s fastest and most scalable blockchains, is currently preparing for the IDO of its native token “$CODI” on November 7, 2021. The native token of the CODI ecosystem, $CODI, is an SPL standard utility token.
CODI Finance debuted in September 2021 and immediately began plans to scale its ecosystem. Their private sale, which was recently extended until November 14th, received a lot of positive feedback from the general public, with CODI opening up their private sale to everyone, which is unusual in the DeFi industry. Although CODI extended its private sale, there is a catch: the minimum buy-in price for new investors who want to participate in the private sale now will be raised.
CODI Finance is an entirely open and decentralized ecosystem with three offerings: an IDO Launchpad, a DEX, and a decentralized lending and borrowing protocol. CODI plans to use the Solana Blockchain to create highly scalable, interoperable, and secure DeFi products, accelerating the rise of fair and decentralized next-generation DeFi products across multiple chains.
CODI Finance intends to fully transition to a DAO governance model, with the CODI community running and owning the ecosystem. Other features, such as a decentralized social networking model and a fully customizable vesting protocol, are also in the works as CODI strives to be the DeFi space’s epitome of decentralization.
CODI’s IDO would begin on November 7, 2021, with a 10% allocation of the total supply of $CODI (33,000,000) tokens. During the IDO, $CODI would be listed at 0.04 cents and unlocked, as opposed to the private sale, which has a vesting period. The IDO would be hosted on CODI’s IDO launchpad, giving their community a preview of what to expect when the CODI IDO launchpad goes live. The IDO would be valid for a week before the IEO on the p2pb2b exchange, where $CODI would be listed at $0.05.
CODI intends to be transparent about the ecosystem’s operations, and all IDO and private sale transactions can be viewed on the Solana blockchain. If you want to participate in the upcoming IDO or the extended private sale, please email [email protected].