How and Where to Buy Comdex (CMDX) – Detailed Guide
- What is CMDX?
- Step 1: Register on Fiat-to-Crypto Exchange
- Step 2: Buy BTC with fiat money
- Step 3: Transfer BTC to an Altcoin Exchange
- Step 4: Deposit BTC to exchange
- Step 5: Trade CMDX
- Last Step: Store CMDX securely in hardware wallets
- Other useful tools for trading CMDX
- Frequently Asked Questions
- Latest News for CMDX
- CMDX Price Prediction and Price Movement
What is CMDX?
What is Comdex?
Comdex is a DeFi infrastructure layer for the Cosmos ecosystem. Comdex provides a variety of interoperable plug & play modules for projects to use to create their own DeFi platforms providing utility to the Cosmos community as well as DeFi users worldwide.
Comdex is building an ecosystem of solutions that work synergistically to aggregate liquidity from DeFi ecosystems and facilitate its flow into CeFi. Whether through the enterprise trade platform & the tokenization of real-world assets through access to the price fluctuation of various assets via Synthetics, as a Defi infrastructure layer, the Comdex ecosystem promises to facilitate an all-in-one hub to democratize finance.
Composite Composite is an over-collateralized stablecoin designed to be a stable representation of purchasing power and is therefore soft pegged to $1; however, as the global macro landscape develops, that may be subject to change in the future.
Commodo Commodo is a lending/borrowing dApp, native to the Comdex chain utilizing the $CMDO native token, allowing users in the Cosmos ecosystem to more efficiently utilize their capital. This dApp will integrate with the other apps like the synthetics exchange to enhance the cAsset user experience and function as its own platform.
cAsset cAsset is the innovative new synthetics app that allows the creation of synthetic assets based on the price fluctuation of real-world assets, such as commodities or cryptocurrencies. Once users have their synthetic assets, they can then use those assets to earn yields.
ShipFi This dApp promises to facilitate the creation of CeFi financing through collateralization of real-world assets as NFTs.
Enterprise Trade This platform will allow its users to facilitate real-world trade financing using digital assets as collateral, thus providing its Enterprise users with readily accessible liquidity to meet their demands.
Role of CMDX in the Cosmos ecosystem
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Being the native token of the chain, CMDX powers the network’s staking economy. Transaction fees and staking of CMDX helps secure the network.
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CMDX holders can also be involved in the governance of the protocol. CMDX holders play a role in making critical decisions for the protocol like whitelisting of synthetic as well as collaterals that can be used on the platform.
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Comdex synthetics app users can collateralize their CMDX holdings to create and trade synthetic cAssets on Comdex.
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CMDX tokens will be distributed as rewards to liquidity providers and other participants who perform critical functions in the network.
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CMDX tokens will be minted and burned to maintain the stability of cAssets in the network and ensure the solvency of the net debt of the network.
How Many CMDX Coins are in circulation?
The Comdex Mainnet went live on 20th November 2021 with a 100,000,000 CMDX genesis supply. 12.5% of the genesis supply (12,500,000 CMDX) is in circulation as of the launch of CMDX. The CMDX token is inflationary in nature with an inflation of 30% set for the first year and a subsequent reduction of 25% in the inflation rate in each with the maximum supply capped at 200,000,000 CMDX.
Who are the founders?
Abhishek Singh (CEO) and Siddarth Patil (COO) are the founders of Comdex. Abhishek Singh is an Engineer by trade, prior to founding Comdex, he was working as a Business Intelligent Consultant. Siddarth was working in Investment Banking, Wealth Management, and Management Consulting. Now the Comdex team is 25 members strong, passionate people from top institutes and diverse backgrounds.
Where can I buy CMDX?
CMDX is listed on the Osmosis zone and soon will be available on a couple of DEXs and CEXs.
Platforms to stake CMDX -- Cosmostation Wallet: https://wallet.cosmostation.io/ -- Omniflix: https://comdex.omniflix.co/ -- Unagii: https://app.unagii.com/stake/comdex -- Ezstaking: https://comdex.ezstaking.io/
CMDX was first tradable on 17th Nov, 2021. It has a total supply of 111,497,531.479,367. As of right now CMDX has a market capitalization of USD $29,703,141.85. The current price of CMDX is $0.149 and is ranked 3183 on Coinmarketcap and has recently surged 32.76 percent at the time of writing.
CMDX has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any fiat-to-crypto exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy CMDX.
Step 1: Register on Fiat-to-Crypto Exchange
You will have to first buy one of the major cryptocurrencies, in this case, Bitcoin (BTC). In this article we will walk you through in details two of the most commonly-used fiat-to-crypto exchanges, Uphold.com and Coinbase. Both exchanges have their own fee policies and other features that we will go through in detail. It is recommended that you try both of them and figure out the one that suits you best.
Select Fiat-to-Crypto Exchange for details:
- UpHold
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card! (US only but will be in the UK later)
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging (DCA) if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins (basically a crypto that is backed by real fiat money so they are less volatile and can be treated almost as the fiat money it's pegged with) is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don't have to go through another currency conversion while you buy the altcoin.
Type your email and click 'Next'. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn't vulnerable to hackers.
You will receive a confirmation email. Open it and click on the link within. You will then be required to provide a valid mobile number to set up two-factor authentication (2FA), it is an extra layer to the security of your account and it is highly recommended that you keep this feature turned on.
Follow the next step to finish your identity verification. These steps are a bit daunting especially when you are waiting to buy an asset but just like any other financial institutions, UpHold is regulated in most countries such as the US, the UK and the EU. You can take this as a trade-off to using a trusted platform to make your first crypto purchase. Good news is that the whole so-called Know-Your-Customers (KYC) process is now fully automated and it shouldn't take more than 15 minutes to finish.
Step 2: Buy BTC with fiat money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You may be charged higher fees depending on your credit card company and the volatile prices when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees.
Now you are all set, on the 'Transact' screen under the 'From' field, select your fiat currency, and then on the 'To' field choose Bitcoin, click preview to review your transaction and the click confirm if everything looks good... and congrats! You've just made your first crypto purchase.
Step 3: Transfer BTC to an Altcoin Exchange
But we are not done yet, since CMDX is an altcoin we need to transfer our BTC to an exchange that CMDX can be traded. Below is a list of exchanges that offers to trade CMDX in various market pairs, head to their websites and register for an account.
Once finished you will then need to deposit BTC to the exchange from UpHold. After the deposit is confirmed you may then purchase CMDX from the exchange view.
Last Step: Store CMDX securely in hardware wallets
Ledger Nano S
- Easy to set up and friendly interface
- Can be used on desktops and laptops
- Lightweight and Portable
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
Ledger Nano X
- More powerful secure element chip (ST33) than Ledger Nano S
- Can be used on desktop or laptop, or even smartphone and tablet through Bluetooth integration
- Lightweight and Portable with built-in rechargeable battery
- Larger screen
- More storage space than Ledger Nano S
- Support most blockchains and wide range of (ERC-20/BEP-20) tokens
- Multiple languages available
- Built by a well-established company found in 2014 with great chip security
- Affordable price
If you are planning to keep("hodl" as some may say, basically misspelt "hold" which get popularised over time) your CMDX for a considerable long time, you may want to explore ways of keeping it safe, although Binance is one of the safest cryptocurrency exchange there had been hacking incidents and funds were lost. Because of the very nature of the wallets in exchanges, they will be always online("Hot Wallets" as we call them), therefore exposing certain aspects of vulnerabilities. The safest way of storing your coins to date is always putting them into a type of "Cold Wallets", where the wallet will only have access to the blockchain(or simply "go online") when you send out funds, reducing the chances of hacking incidents. A paper wallet is a type of free cold wallet, it's basically an offline-generated pair of public and private address and you will have it written somewhere, and keep it safe. However, it is not durable and is susceptible to various hazards.
Hardware wallet here is definitely a better option of cold wallets. They are usually USB-enabled devices that store the key information of your wallet in a more durable way. They are built with military-level security and their firmware are constantly maintained by their manufacturers and thus extremely safe. Ledger Nano S and Ledger Nano X and are the most popular options in this category, these wallets cost around $50 to $100 depending on the features they are offering. If you are holding your assets these wallets are a good investment in our opinion.
Frequently Asked Questions
Can I buy CMDX with cash?
There is no direct way to buy CMDX with cash. However, you can use marketplaces such as LocalBitcoins to first purchase BTC, and finish the rest of the steps by transferring your BTC to respective AltCoin exchanges.
LocalBitcoins is a peer-to-peer Bitcoin exchange. It is a marketplace where users can buy and sell Bitcoins to and from each other. Users, called traders, create advertisements with the price and the payment method they want to offer. You can choose to buy from sellers from a certain nearby region on the platform. is after all a good place to go to buy Bitcoins when you can't find your desired payment methods anywhere else. But prices are usually higher on this platform and you have to do your due diligence to avoid getting scammed.
Are there any quick ways to buy CMDX in Europe?
Yes, in fact, Europe is one of the easiest places to buy cryptos in general. There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Uphold.
Are there any alternative platforms to buy CMDX or Bitcoin with credit cards?
Yes. is also a very easy to use platform for buying Bitcoin with credit cards. It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. Its user interface is very easy to use and the buying steps are pretty self-explanatory.
Latest News for CMDX
