Decentralization is the process of distributing the power away from a particular central authority. Mainly the financial government systems are based on centralized management, which means that it is solely authorized and managed by a single managing entity, for example, the central bank.
Bitcoin was brought into existence to come up with a decentralized blockchain marketplace, which was designed as an alternative for government money and therefore doesn’t have any target point of failure. Decentralization is a more flexible, efficient and democratic form of making transactions.
The various advantages of decentralization make blockchain technology useful for all sorts of fields, for example, video games, voting, social networking, etc. From allowing P2P trading to reducing risk factors and maintaining privacy, decentralized technology is one of the most approachable directions where blockchain technology can be widely used.
Co-Dex Brings a New Perspective On Creating Decentralized Exchanges
The Co-Dex exchange is made by the support of Co-DEX foundation developers. Its the blockchain marketplace created by the blockchain community, for the blockchain community. Co-Dex primarily aims to fulfill the expectations and challenges raised by the community members that further aim to make a world of free movement of funds and assets.
The Co-Dex decentralized exchange is made at the top of the Cosmos Network. It is a developing community initiative that can use the Co-Dex Coin (COD1) as a connate asset.
They ideate to provide their users with the simplest services with a user-friendly interface for a well-ordered and innate approach along with sharp performance and an improved UX.
Co-Dex is the first NO FEES decentralized blockchain marketplace which is a fast and secure digital asset exchange. Co-Dex has been focusing to boost up the decentralized exchanges and make the best use of interconnectivity and the ability of the software systems to exchange information.
According to Co-Dex, the exchange platforms request for elaborated procedures and require considerable fees that make trading difficult at times. Well, in this case, Co-Dex ensures that the users will be benefitted from simplified procedures as the Co-Dex believes in a “Community First” policy. Co-Dex practices NO FEES policy where the users are only charged the amount that is needed to cover the basic cost of the transaction. This policy gives you the option to have more control over the fee service system.
Co-Dex Token; COD1
The cryptocurrency of Co-DEX is named as COD1 Token. The Interdivisional Operation (IDO), began in the fourth quarter of 2019. The COD1 has multiple advantages;
- Faster Operations
- No Blockchain Fluctuations
- Identity Protection
- Zero Transaction Fee
- Global System and Security
The total number of tokens available for the Airdrop and for the Bounty Program is
25.000.000 COD1. There are basically two phases of the airdrop. Phase1 (Private Contribution) and Phase2 (IDO).
Why Should You Choose Co-DEX?
The Co-DEX project aims to create a platform that provides the world with a strong decentralized exchange and makes the most of the interconnectivity and interoperability of cross-chain features. Co-DEX provides its users with financial independence along with transparency, a better and secured system of payments and providing the peer-to-peer exchange without third party risks and costing of additional taxes. Co-DEX ideates to bring a blockchain revolution. They are planning to come up with projects for a brighter future of the crypto world so that the coming generation of crypto traders and bitcoin enthusiasts can take advantage of it.