CODI Finance, a DeFi ecosystem powered by Solana, one of the world’s fastest and most scalable blockchains, is currently preparing for the November 7, 2021 IDO of its native token “$CODI.” $CODI, the CODI ecosystem’s native token, is an SPL standard utility token.
CODI Finance made its debut in September 2021 and immediately began plans to expand its ecosystem. Their recent extension of their private sale until November 14th received a lot of positive feedback from the general public, with CODI opening up their private sale to everyone, which is unusual in the DeFi industry. Although CODI’s private sale has been extended, there is a catch: the minimum buy-in price for new investors who want to participate in the private sale now will be raised.
CODI Finance is a completely open and decentralized ecosystem that includes three services: an IDO Launchpad, a DEX, and a decentralized lending and borrowing protocol. CODI intends to use the Solana Blockchain to develop highly scalable, interoperable, and secure DeFi products, thereby speeding up the rise of fair and decentralized next-generation DeFi products across multiple chains.
CODI Finance intends to transition completely to a DAO governance model, with the CODI community running and owning the ecosystem. Other features, such as a decentralized social networking model and a fully customizable vesting protocol, are also in the works as CODI strives to be the epitome of decentralization in the DeFi space.
The IDO for CODI would begin on November 7, 2021, with a 10% allocation of the total supply of $CODI (33,000,000) tokens. In contrast to the private sale, which has a vesting period, $CODI would be listed at 0.04 cents and unlocked during the IDO. The IDO would be hosted on CODI’s IDO launchpad, providing a preview of what to expect when the CODI IDO launchpad goes live. The IDO would be valid for a week prior to the IEO on the p2pb2b exchange, with $CODI listed at $0.05.