Reasons Why You Should Invest in Commodities on Comdex
There are lots of reasons why you might want to consider putting some investments in commodities on Comdex — a blockchain-based commodities Decentralized Exchange network, and one of them is the fact that the ongoing situation in the global economy is just highly favorable for investing in commodities.
Traders can trade these commodities on Comdex’s blockchain, accruing benefits while supplying liquidity. The Synthetics DEX Web App for cAssets is just another step toward the incoming ShipFi blockchain technology, which takes commodity dealing to another level with the transaction of commodities between the crypto and real world.
What is the Need?
It may be unusual to mention commodities in a blockchain-based platform since they are known as physical goods. That is true, but they can be converted into digital assets through a process called synthetization.
A commodity can be changed into a synthetic asset (synth), backed by stable coins to represent the real-time value. These are known as cAssets in the Comdex space, which is why the Synthetics DEX platform has been launched.
Also, commodities — being physically based — are limited in supply, due to certain factors, one of which is the season.
A novel, as a commodity, can be sold on a blockchain as a non-fungible token. But even so, the supply of this novel NFT is based on the demand (the rate at which other buyers buy) and supply (the rate at which the publishers publish).
1. During price inflation, demand for commodities is high. In this period, their value is high. This is why investing in them now, is the best because 2022 is going to be a year of scarcity in its last quarter. Rush now.
2. Inadequate labor supply.
3. Scarcity, is derived from high demand, low supply, and lack of labor personnel.
When new flares of the COVID-19 pandemic, war, and recession reduce the population of the global workforce, and prices go higher than ever before, there will be a scarcity of commodities that will be held in high value.
If you happen to invest in commodities that are prone to scarcity, before that time peaks, you are sure to earn massively from the stampede of demand you will receive. Scarcity makes people try their best to buy commodities before they run out of supply completely.
In Comdex’s Synthetics DEX Web App, three important commodities prone to scarcity (good, silver, and oil) are provided in form of synthetic assets, known as cAssets (cGOLD, cSILVER, and cOIL). More prone commodities will come into the website as time goes on.
Comdex stated that “commodities markets have outperformed” both other crypto markets and the real-world markets.
It is a wise choice to take positive advantage of the negative situation (post-pandemic recession and war) affecting the global economy; invest in commodities on Comdex’s Web App, and you will see the benefits for yourself.
Comdex is a decentralized synthetics protocol and a product of the Persistence platform.
Comdex develops possible solutions for the decentralization of finance (DeFi) and the democratization of commodities by handing over to investors the knowledge of a widened scope of asset classes and rewarding features.
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