Hey All,
My association with #CMDX token is from early days when the token was airdropped to stakers of #EVMOS,#KUJI and other associated tokens to the Cosmos chain. Ever since I have all the tokens staked and whatever I have been earning via the staking rewards has been redirected to the staking pool. In a brief Comdex is an interchain DeFi infrastructure layer housing a suite of composable solutions on-chain. Speaking more about it; In brief $CMDX is trying to bring in the commodity assets like crude, oil, gold and other assets to DeFi space. They love to call them as - Comdex - Democratizing Finance. I guess it would be months now that I did not catch up on all the new things that has happened here on #COMDEX but today a 20% increase got my attention and I thought of checking how my investment has been doing so far. Here is my stake of around 4.6K+ #CMDX tokens staked and currently have 19+ tokens ready to be claimed as staking rewards.
I did recently sell some of the staked rewards to buy #ATOM though and that money was further used to increase my #AKT Akash Network token stake. Its always a good feeling when you see the coins you have invested in are increasing in value - gives you that sense of achievement but then when they start to tank we tend to ask this question to ourselves why the hell did I choose this coin it would have better if I had selected some other coin. Anyways coming back to the main topic discussion on my further plans for #CMDX then I am not going to liquidate my stake here. Though would be touching the rewards frequently but will remain invested until the coin makes a come back to its all time high price which was around $6 Jan 07, 2022 (almost 2 years). Yes, I know its not going to be there any time soon but even if it gets there around $1+ mark I would be happy to liquidate all my stake book profits and move on. At present #CMDX has a marketcap of $6+ Million, with 24 hours trading volume almost to $1+ Million and the max supply of CMDX is just 200 Million tokens.
We are happy to now provide you an overview of the next steps in our journey as builders as we approach the point of convergence in all that we’ve built so far to create ShipFi, the RWA hub of the interchain.
On checking what going on new here at COMDEX - I found out from their twitter handle the buzz is around The Renaissance of RWA financing on Comdex. There is a detailed post around - RWA financing on Comdex and you can read it over here. What caught my attention was about - What is ShipFi? Introduced in 2021, ShipFi is a hub for interchain RWA financing, aimed at improving the effectiveness and transparency of global financial markets. Overall, I sense exciting time ahead as we see more products being developed. For now I will continue to remain invested - BUILD & HODL is my strategy moving forward for #CMDX token for now.. cheers
Have Your Say on #CMDX - HODL Vs SELL?
Did you hear about Comdex and its token #CMDX? Do you HODL #CMDX tokens? What are your thoughts on COMDEX - commodity assets, Democratizing Finance - project overall? Let me know your valuable views in the comment box below.
#comdex #cmdx #cossmosnetwork #commodity #crypto #hodl #strategy #stake #defi
COMDEX #CMDEX up 20% - What is my stake in #CMDX & Strategy Ahead...
Image Courtesy:: comdex.one, coingecko, comdex.omniflix.co
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers