CODI Finance is advancing its IDO plans after the extension of its private sale.
November 9, 2021– CODI Finance, a decentralized finance ecosystem leveraging Solana, one of the fastest and most efficient blockchains, has initiated the IDO for its native token, “$CODI,” which commenced on November 7, 2021. The $CODI token serves as the utility token of the CODI ecosystem, adhering to the SPL standard.
Since its launch in September 2021, CODI Finance has expressed its ambition for ecosystem expansion. Recent positive feedback has led CODI to extend its private sale until November 14th, allowing broader access which is a rarity in the DeFi space. However, to participate in this renewed private sale, new investors will face an increased minimum buy-in price.
The IDO for CODI is now active, allocating 10% of the total supply of $CODI (33,000,000 tokens). The price of $CODI during the IDO is set at $0.04 and will be unlocked immediately, unlike the private sale which features a vesting period. This IDO will take place on CODI’s platform, mint.codi.finance, giving the community a glimpse of the features to come with the upcoming CODI IDO launchpad. The IDO will remain open for one week before transitioning to an IEO on the p2pb2b exchange, where $CODI will be priced at $0.05.
CODI Finance operates as an open and decentralized ecosystem, offering an IDO Launchpad, a decentralized exchange (DEX), and a protocol for decentralized lending and borrowing. CODI aims to utilize the Solana Blockchain for the development of highly scalable, interoperable, and secure DeFi products, promoting the evolution of fair and decentralized next-generation DeFi solutions across various chains.
The vision for CODI Finance includes a complete transition to a DAO governance model, empowering the community to govern and own the ecosystem. Additionally, CODI is developing features such as a decentralized social networking platform and a customizable vesting protocol to enhance its commitment to decentralization within the DeFi sector.
CODI Finance aims for transparency in its operations with all IDO and private sale transactions traceable on the Solana blockchain. Interested participants for the current IDO or extended private sale can reach out via email at [email protected]
For more information about the project, please visit Codi.finance or connect with them through their social media channels.
Telegram: https://t.me/codi_finance_community
Twitter: https://twitter.com/Codi_Finance/
[xyz-ihs snippet=”press-release-notice”]
Dutch
English
French
German
Greek
Italian
Portuguese
Russian
Spanish