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Author Topic: Introducing the first non custodial No FEES Exchange  (Read 59 times)
Co-DEX Exchange
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August 23, 2019, 08:41:38 AM

It's time for Co-DEX - The Decentralized Exchange of the Future

What is Co-DEX?

With the explosion of cryptocurrencies and their respected tokens, the need for a stronger interconnectivity between them arises. This need for an interoperability between the blockchains arose as well, thus solutions such as the ones that imply the use of IBC, came to solve these needs, and of course building on this, WE at Co-DEX are here to provide the necessary means for the trading of these multiple-chain-based cryptocurrencies by creating the first, non custodial, NO FEES, decentralized exchange based on the IBC innovations.

Co-DEX though it's non custodial nature, will work to ensure that the decentralisation aspects are met, so that there isn't any central attack point that can be targeted, our development team will be working to constantly keep upgraded, the security systems, to create the stable environment needed for investors and users to feel secure, and to have full control and oversight of their funds and assets.

Enough is Enough… NO FEES!

Other platforms request elaborated procedures and practice substantial fees that make trading very difficult at times, Co-DEX ensures that the users will benefit from a simplification of procedures and with our policy of "Community First", Co-DEX will practice NO FEES on top of the necessary gas or transation costs that validate the transaction on the blockchains.

We will provide a platform that is efficient, the user will only be charged the amount needed to cover the costs of the transaction, thereby giving you the option to have more control over the fee service system.

We here at Co-DEX, want to create a service with the community, by the community, for the community, our orientation is on growth and facilitating users to feel at home when using the Co-DEX platform.

Cross-chain transactions

Cross-chain transactions is the most important feature when it comes to this project. Since every blockchain has its own ecosystem, one of the most difficult, and unsolved for many years, problem, was finding a way for all of these blockchains to communicate and to operate together. Using the revolutionary IBC features, we strive for a unification under a decentralized and secure platform, thus providing you, the user, a base for trading your assets from different blockchains.
As such, you'll often hear these cross-chain protocols referred to as using an "Internet of Blockchains", because they will be using a network of Blockchains, which are all interoperable, these blockchains finally will have the ability to "speak" to one another because they will be integrated in a standardized way. If technology can achieve this goal, it means that you're going to be able to speed up innovation based on the fact that people too will be innovating on individual blockchains, which will also further improve other aspects such as scaling, etc.

This means that the technology won't rely on third-party connectors in order to transfer value from one chain to another. It'll be built into the protocol itself. Token trading will be more efficient on Co-DEX than in any centralized exchange because blockchains in the Cosmos Network will be taking advantage of the benefits of using the features provided by the Tendermint consensus which is much faster than PoW.

It would only take seconds to finalize a deposit. In addition, a proper decentralized exchange connected to the Cosmos Hub with order book support will be more secure than any centralized exchange, so it's inevitable that the market will evolve toward the Cosmos model.

Liquidity & Awards

In terms of liquidity for our Co-DEX token (COD1) we have prepared a series of measures which will provide and generate the necessary flow, solutions ranging from the hosting of other IDOs, buyback programs, as well as continuous prizes and rewards for the community, on which we will go into more detail in our next articles.

In conclusion
Co-DEX project aims to create and provide to the world, the full power of decentralized exchanges and capitalize on the interconnectivity and interoperability of cross-chain features.

We aim to put back into the people's hands, the much needed financial independence. If you share our beliefs and you have similar dreams, you can support our project, join our groups and take part in Co-DEX and the coming blockchain revolution.

Together we will bring about the much needed change for a brighter future for our own and the next generations of traders and crypto enthusiasts.

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