Will the Kado’s Proposal to Integrate With Comdex Pass the Finals?
In the month of May 2022, Comdex network announced its new Composite stablecoin, $CMST formally $USCX, was announced as $CMST, which would be the official stablecoin of the protocol, (valued at US$1 each), and one of the major builders of the Cosmos ecosystem.
The announcement caught the attention of a crypto wallet network called Kado, which submitted a proposal to the Comdex forum for a strong ever-growing partnership. The proposal is still ongoing, and the Comdex global community has not yet arrived at a final decision. But if they do, what would it be? A “yes” or “no” to the alliance?
Ramp & Pay
As a platform for securing your crypto assets and currencies, the Kado network enables you to purchase stablecoins (like the TetherUSD, USDC) and major coins (like Bitcoin BTC), with Kado Ramp, while keeping them for later withdrawals and use as payments for more than 500 physical and digital goods, using Kado Pay. With the network, in the nearest future, you would be able to stake your assets and passively earn from them, with reasonable interest rates.
Transactions using Kado are facilitated by the Web3 Internet technology and do not typically take more than ten minutes. The network offers a collection of crypto wallet solutions that are developed and being developed to subsequently reduce “the friction [which] customers, businesses, and merchants face onboarding to crypto.”
Benefits of Kado
While we are yet to find out what final reaction the COMets are waiting to give, we will take a peek at some merits which the Kado network exhibits.
Easy-to-use interface for simple management of your assets.
No slow transactions.
Comfortable shopping experience.
Quick entrance into your account.
Payments solutions for users of the $CMST token.
The Business Proposal
Kado’s proposal of adding the $CMST token to its wallet sounds like a plan to the Comdex management, which is why it has been put up for community members to decide on. Comdex somewhat feels Kado is beneficial to making COMets adapt to the recently announced to-be-launched $CMST stablecoin.
In fact, as beneficial as Kado’s pooling (of fiat and cryptocurrencies into one wallet) is to Comdex’s bridging plan, the Kado wallet will allow you to transact between several fiat currencies, the $CMST, and top currencies in the crypto industry. There is a high possibility of Kado working out this relationship with Comdex, for the better good.
So, what is left? The Community’s choice.
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.