Tendermint is a generic engine (abstracts the networking and consensus layers of a blockchain) on which arbitrary applications can be built. These blockchains all have different application layers, but they share the same networking and consensus stack. Because of this, it becomes easy to connect them with each other. The connection between Tendermint blockchains is achieved through a protocol called Inter-Blockchain Communication (IBC) Protocol. IBC leverages the instant finality property of Tendermint to allow heterogeneous chains to exchange value (i.e. tokens) with each other.

Co-DEX will practice NO FEES on top of the necessary gas or transaction costs that validate the transaction on the blockchains. We will provide a platform that is efficient, the user will only be charged the amount needed to cover the costs of the transaction, thereby giving you the option to have more control over the fee service system.

It’s simple, no fees equals more traders, more traders equals more assets and IDOs, more assets and IDOs equals more traders and more volume.

Before placing an order, the user, deposits a token/coin with which he intends to trade into the smart contract.
· Then the user places a buy or sell order, with specified quantities and price.
· The order will be filled, when another user matches the buy or sell order.
· The balances of both the users are updated off-chain in the Co-DEX platform and on-chain per smart contract.
· When the user requests a withdrawal of a token/coin, his/her balance will be compared with the off-chain and on-chain balances and if the balances match, the smart contract will allow the withdraw to take place.

A market order is a buy or sell order to be executed immediately at the current market prices. As long as there are willing sellers and buyers, market orders are filled. Market orders are used when certainty of execution is a priority over the price of execution. A market order is the simplest of the order types.

A limit order is an order to buy or sell an asset at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order can only be filled if the asset’s market price reaches the limit price.

A user can cancel his or her sell or buy order, assuming it is not executed. Co-dex will use a flag to ensure, no filled or canceled order will be sent for execution.

The smart contract will stipulate a minimum trade order limit and a minimum withdrawal limit in order to smoothen out the trading experience.

Trade will be initiated by the user off-chain, meanwhile, the state of the smart contract will be updated with the filled trade order. Interaction between the user and smart contract, like deposit, withdrawal, making a trade, filling an order will all be handled with the respect to the user’s public address and will be authorized by the user’s private keys.

For asset/token listing, make sure to contact our listing department by clicking here or sending us an email with your contact details at listings@co-dex.network.

Yes! We offer you the necessary platform needed to help you hold your initial token distribution. Contact us here, our team will provide further details.

No!

Of course. The platform won’t possess any of the private keys and will only handle transactions from the smart contract. All funds held within the Co-DEX platform are under the user’s control at all times. Co-DEX can not trade, withdraw, or make any other transactions on your behalf.

We, here at Co-DEX, consider ourselves as being part of the global crypto community, thus we eagerly welcome any talented and motivated individuals, who share our vision and are determined to act towards generating growth and prosperity by taking part in our project.
If you feel you share our goal, submit your details at career@co-dex.network