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After its privat sale, CODI Finance has begun to move forward with IEO plans.
CODI Finance launched in September 2021. They announced plans to grow their ecosystem immediately. The private sale of CODI ended November 14th. It received positive feedback from the public and CODI opened up its private sale to all. This is a rare move in the DeFi sector.
CODI Finance is a DeFi platform powered by Solana. It launched the initial coin offer (IEO), of its native token $CODI on November 15, 2021. The native token of CODI’s ecosystem is $CODI. It is a standard utility token from SPL.
The IEO for CODI tokens started on November 15th. It would be broken into three rounds. $CODI is the native token of the CODI ecosystem. It will serve as both a liquidity token and a governance token. The CODI ecosystem implements an active governance model through a DAO.
This IEO will consist of three rounds, each lasting from the 15th November to the 14th December.
Round 1: November 15th-20th, 2021Available supply is 30 000 000 CODI. Round 2: 1/12/2021-9/12/2021Available Supply 21,000,000 CODI. Round 3: December 10-14th, 2021Available Supply15,000,000 CODI.
The IEO’s total supply is limited to 66,000,000 $CODI. This represents more than 20% of the total supply total of 330,000,000 $CODI. $CODI will be available at different prices during these three rounds. The price for the first round of $CODI was 0.04, while the price for the second round was $0.05 and the price for the third round was $0.055. CODI is a promising product, as shown by its success in private sale in October.
CODI’s first public offering (IEO), would be on the P2PB2B cryptocurrency exchange. This is a well-known exchange for cryptocurrency.
CODI Finance plans to move completely to a DAO governance structure, where the CODI community will run and own the ecosystem. CODI is working on other features such as a fully customizable vesting process and decentralized social networking.
Learn more about CODI Finance
CODI Finance, an open, decentralized ecosystem, includes three services: IDO Launchpad and DEX. It also has a decentralized lending protocol and borrowing protocol. CODI plans to use the Solana Blockchain for highly scalable, interoperable and secure DeFi products. This will allow CODI to accelerate the rise in fair and decentralized next generation DeFi products across multiple chains.
CODI wants to be transparent about the operation of the ecosystem. All IDOs and transactions can be viewed via the Solana Blockchain.
Marla Brooks – Financial Analysis
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