Comdex -Democratizing Finance Staking Guide( CMDX )
In this tutorial guide, We will be showing you how to stake $CMDX Token using Keplr Chrome Extension Wallet.
What is COMDEX?
Comdex now sits at a pivotal point in its journey as a project built to create open access to finance. The enterprise trading platform of Comdex enables SMEs and MSMEs in the industry to build the trust needed to ease and enhance their access to financing. ShipFi will be the first of Comdex’s bridges between DeFi & CeFi, facilitating the creation and exchange of synthetics of illiquid trade finance debt products. The synthetics protocol lays the technological and the financial foundations for building bridges between the realms of DeFi & CeFi.
The ability to create a synthetic representation of financial assets opens the door for application across a vast set of industries. ShipFi is one such door that makes bridges to illiquid trade finance investment vehicles. Comdex will integrate across various apps through its inherent interoperability to enable origination, liquidation, and exchange of trade finance debt, accessible to Everyone. Such a synergistic ecosystem is achievable due to the interoperable architecture of the Cosmos SDK.
As Comdex grows and expands capabilities, bridges will be built to include a more extensive set of financial assets to be accessed in its democratized ecosystem. Like ShipFi, Comdex can facilitate the on-ramp of illiquid debt assets from industries like real estate and private equity. Comdex will enable the digitization, exchange, and financing of other physical and illiquid assets like the enterprise trading platform.
CMDX Token
The native token of the COMDEX chain is the CMDX token. The token supports the chain’s essential operations as follows:
- Governance: Comdex users and CMDX token owners have the authority to operate and regulate the platform’s different settings. Governance also permits changes to important aspects like fees, the cAsset set, etc.
- Transaction fees: Various platform fees as well as an on-chain transaction fee gathered to pay validators and make network attacks expensive.
- Rewards: A motivation for early adopters and those carrying out essential duties of the network by giving the cSwap pools liquidity.
- Stability: Each synthetic currency will have an algorithmic link with the CMDX token asset to keep the price pegs’ stability.
Check out the Official COMDEX Twitter (Comdex- Democratizing Finance)
Ready to claim your $CMDX & enjoy up to a 39% APY staking reward?
Where can we buy the CMDX token?
How to Use Osmosis.zone | Everything you should know about osmosis
How to Stake CMDX Token?
After buying on the exchange you need to transfer those $CMDX Tokens to a self-custodial wallet to stake.
- Self custodial wallets (most popular One’s)
After you transfer your assets to your new wallet, open Smartnodes.one to stake your $CMDX Tokens.
Step 1 — Go to the delegate section and find the Comdex (CMDX), Click on the delegate.
Step 2- Click on Delegate again.
Step 3 -Connect your Keplr wallet.
Step 4- Select Keplr- Click Next- Click Approve.
Step 5- Input account name, make sure CMDX is selected in Import addresses for the chain. Click Next.
Step 6- Confirm, Double check address has been added correctly — click save.
Step 7- Select Comdex Accounts — Click on Details.
Step 7-You have successfully imported your CMDX tokens into Smartnodes.one
Next, click Delegate to proceed into the staking.
Step 8- Now select validator, input the amount you want to stake, Fill the gas fee as 5000, select Keplr wallet, and click on Send.
Step 9- Approve the transaction in Keplr pop-up window.
Step 10- Congratulations, You have successfully staked your CMDX tokens with Smartnodes ( You can also see your asset allocation, rewards, and balance).
Learn more about the Comdex-Democratizing Finance(CMDX) project by visiting their official website.
About Smartnodes
- Smartnodes Validator is a Proof of Stake service which offers 100% Slash and Double Sign Refund Protection.
- We are highly active in the cosmos and lend support where we can. We are community-driven. Smartnodes validator actively Votes on proposals to help ensure proper governance.
- The Infrastructure used by Smartnodes is only the Best of the Best with 10 Layers of security in place to protect your assets.
- We are currently offering Proof of Stake services ( POS ) on 33 cryptocurrency chains and growing, check out our website for our Validator nodes. Smartnodes.one
- In case of any other questions, please feel free to reach out to team members on our social media or by mail at hello@smartnodes.one
