Place/Date: - November 26th, 2021 at 12:38 pm UTC · 3 min read
Contact: CODI, Source: CODI
CODI Finance, a new ecosystem powered by Solana Blockchain, launched the initial exchange offering (IEO) of its native token, $CODI, on November 15th, 2021. CODI’s goal is to become the “ultimate DeFi ecosystem” by leveraging Solana’s high-speed, low-latency, and low transaction costs. Furthermore, CODI hopes to improve the DeFi industry’s DEX and lending sector by creating a platform with an appealing and user-friendly interface, as well as a diverse set of features.
CODI Finance, with its unique IDO launchpad protocol and decentralized lending and borrowing protocol, is a breath of fresh air in the DeFi space, particularly in the Solana ecosystem. Only Solana can deliver the delicate balance of interoperability, scalability, speed, efficiency, and governance required by the CODI’s IDO launchpad. Retail investors would fund innovative DeFi projects through the CODI’s IDO launchpad in a decentralized and interoperable environment powered by Solana. Furthermore, the CODI ecosystem would guarantee token distribution, automate token claims, and provide participants with a decentralized KYC model.
CODI also plans to launch a decentralized lending and borrowing protocol, which will allow users to obtain loans in a decentralized and transparent manner. The lending and borrowing sector accounts for more than 60% of the DeFi industry’s total market cap and is a better model than the traditional loan system.
The IEO for CODI tokens would begin on November 15th and would be divided into three rounds. The CODI ecosystem’s native token, $CODI, would serve as both a liquidity and a governance token, with the CODI ecosystem implementing an active user governance model in the form of a DAO.
From the 15th of November to the 14th of December, there will be three rounds for this IEO, which include:
The total supply of the IEO is limited to 66 million $CODI, or more than 20% of the total supply of 330 million $CODI. During these three rounds, $CODI would be listed at various prices. The first round’s price of $CODI is 0.04, the second round’s price is $0.05, and the third round’s price is $0.055. CODI is a promising project, as evidenced by the success of its private sale in early October.
CODI’s initial public offering (IEO) would take place on the P2PB2B exchange, a well-known cryptocurrency exchange.