[PRESS RELEASE – Please Read Disclaimer]
CODI Finance is moving forward with plans for IEO after ending its private sale.
CODI Finance debuted in September 2021 and announced plans to expand its ecosystem immediately. CODI’s private sale ended on November 14th, and it 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.
CODI Finance, a DeFi ecosystem powered by Solana, one of the world’s fastest and most scalable blockchains, has launched the initial coin offering (IEO) of its native token “$CODI,” which began on November 15, 2021. $CODI, the native token of the CODI ecosystem, is an SPL standard utility token.
The IEO for CODI tokens began on November 15th and would be divided into three rounds. The CODI ecosystem’s native token, $CODI, would serve as both a liquidity and a governance token, with the CODI ecosystem implementing an active user governance model in the form of a DAO.
From the 15th of November to the 14th of December, there will be three rounds for this IEO, which include:
- Round 1: November 15th-November 30th, 2021
- Available supply: 30 000 000 CODI.
- Round 2: 1/12/2021 to 9/12/2021
- Available Supply: 21,000,000 CODI.
- Round 3: December 10-14, 2021
- Available Supply:15,000,000 CODI.
The total supply of the IEO is limited to 66 million $CODI, or more than 20% of the total supply of 330 million $CODI. During these three rounds, $CODI would be listed at various prices. The first round’s price of $CODI is 0.04, the second round’s price is $0.05, and the third round’s price is $0.055. CODI is a promising project, as evidenced by the success of its private sale in early October.
CODI’s initial public offering (IEO) would take place on the P2PB2B exchange, a well-known cryptocurrency exchange.
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.
About CODI Finance
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 intends to be open about the operations of the ecosystem, and all IDO and transactions can be viewed on the Solana blockchain.