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CODI Finance, DeFi Ecosystem On Solana, Announces IDO

2 mins
Updated by Shilpa Lama
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After recently extending its private sale to November 14 and raising the minimum buy-in price for investors, CODI is proceeding with plans for an IDO on November 7 in the hopes of accelerating the CODI platform’s launch.

CODI’s IDO would start on November 7, 2021, with a 10% allocation of the total supply of $CODI (33,000,000) tokens available for sale. In contrast to the private sale, which has a vesting period, $CODI would be listed at 0.04 cents and unlocked during the IDO. The IDO would be hosted on CODI’s IDO launchpad, providing a preview of what to expect when the CODI IDO launchpad goes live.

CODI is a fully decentralized ecosystem powered by the layer one solution, Solana Blockchain. It improves the user experience in cryptocurrency trading by using a user-friendly interface and a variety of features. CODI will create a DEX platform that will allow users to transfer funds between wallets, trade cryptocurrencies, stake quickly, ensure market liquidity and fully utilize the network’s capabilities. CODI also plans to launch a decentralized lending and borrowing protocol under its umbrella in the coming months. 

CODI aspires to be the preferred DeFi ecosystem by exceeding industry standards and fusing integrity, customer-centricity, and a fresh creative approach.

CODI’s most recent integration with Chainlink provides the platform with access to high-quality price feeds, ensuring that features like IDO pools and staking pools remain secure and unaltered. Chainlink will help the CODI ecosystem build multi-layered defenses against potential system failures and attacks. Because Chainlink is one of the most dependable oracle solutions in the industry, this integration is a massive boost to the growth of CODI Finance.

Chainlink is a top Oracle provider that has raised billions of dollars for high-profile DeFi projects. Chainlink has assisted several DeFi projects in remaining secure in the face of flash crashes, exchange outages, and other threats. 

Astute investors have recognized Solana’s potential to disrupt the status quo of monopolistic and bureaucratic power structures in the cryptocurrency industry. Solana offers unparalleled security, lightning-fast blockchain speeds, and significantly lower transaction costs, ushering in a new DeFi era.

Solana, on the other hand, has been growing steadily and consistently. This expansion is due to the company’s rapid innovation in the DeFi space. In addition, it has experienced a massive rise in user growth because it continues to implement evidence-based strategic measures that foster user and fan trust.

Extension of private sale

Due to the positive feedback received in recent weeks, the project has extended its private sale, which was supposed to end on October 31 to November 14. According to official reports, CODI expects that in the run-up to the project’s exchange listing, it will distribute at least 99 million $CODI, or 30% of the entire supply of 330,000,000 CODI.

Final thoughts

IDOs are a decentralized funding model that promotes transparency and openness in blockchain projects. They are an improvement over ICOs. The upcoming IDO is a positive move for CODI, and it remains to be seen whether CODI will be able to live up to its goal for the DeFi industry. To learn more about this project, visit Twitter, Discord, or Telegram.


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BeInCrypto Team
BeInCrypto Team comprises a diverse group of experienced journalists, analysts, and crypto enthusiasts dedicated to delivering the latest news, insights, and analyses in the...