COMDEX- Weekly Highlights #1

Published in

Comdex Official

4 min readOct 16, 2021

Hello, COMets!
We are delighted to kick off Comdex’s Weekly Highlights series. We will share updates about the product, partnerships, AMAs, roadmap updates, and more on everything that’s going on in Comdex.

Weekly Update 1: Week of 11th October 2021

1- We are now on Reddit!

As a part of our ongoing efforts to build a thriving and vibrant community, we have expanded by getting onto Reddit to get more of you involved in Comdex. So join us now! Be a part of the community, get involved in discussions, and be a part of our journey!

👀👉Reddit

2- Airdrop for $XPRT Holders & Stakers

Being a part of the Persistence ecosystem has been a massive form of support in Comdex’s journey. In addition to technological support, the members of the Persistence community have played a key role in bringing Comdex on the map for Cosmos. We at Comdex are thrilled to share a $CMDX airdrop campaign for $XPRT holders & stakers to ensure that supporters of Comdex can grow as the project grows as well.

The snapshot for the airdrop took place on Friday, 8th October 2021, at 2:30 PM UTC. Head over to https://airdrop.comdex.one to find out how much $CMDX you can claim!

3- The PersistenceOne Community AMA

Upon the announcement of the airdrop for $XPRT holders & stakers, we attended an AMA in the PersistenceOne Telegram Community chat to answer some of the questions from the community.

Below is a list of some of the most common questions we received:

Q: What is the minimum number of tokens that one should hold or stake to be eligible for the airdrop?

A: One should hold or stake at least one token of the network to participate

Q: What is the maximum number of $CMDX tokens one can get?

A: A maximum of 1,500 CMDX tokens to win

Q: Who is eligible to participate in the airdrop?

A: Holders and stakers of the token at the time of the snapshot are eligible.

Q: Which wallets are eligible?

A: Holders & stakers using non-custodial wallers like the Persistence wallet / Keplr wallet /Cosmostation wallet etc., are eligible.

4- Website Revamp

Among some of the efforts made to improve community engagement, Comdex’s website has undergone a revamp, now live with access to our blog, resources, and much more! Head over now and have a look! 👉https://comdex.one

5- $CMDX Token Economics & Utility Blog

Along with the airdrop, we released details of the $CMDX token economics & utility to help outline our goals for the project and how $CMDX will play a key role in helping us achieve it.

Below is a TL: DR 👇🏼

$CMDX is the native token of the Comdex chain and will play a crucial role in helping Comdex fulfill its vision to build an ecosystem of solutions to democratize finance.

$CMDX plays five critical roles in the ecosystem-

Native token of the chain
Governance of the protocol
Collateral to mint cAssets
LP rewards
cAsset stability

To find out more, read the Token Economics & Utility blogpost.

6- Airdrop announcement for $ATOM holders & stakers

Being a project built on the Cosmos SDK, leveraging interoperability to create global accessibility in finance, Comdex aims to ensure that $ATOM holders & stakers are among the first to access Comdex. We announced an airdrop for $ATOM holders & stakers 👉

https://twitter.com/ComdexOfficial/status/1448520292511338497

We will release further details on airdrops very soon

7- Testnet launch

Comdex achieved a huge milestone in its journey this week as its testnet went live! The team has put in a tremendous effort to deliver this milestone and continues to work tirelessly to fulfill our mission to democratize and create global accessibility in finance.

Explorer — Comdex Testnet

A lot is going on under the hood at Comdex, and we look forward to bringing more exciting updates to you.

Stay Updated-