The new year is always a time of optimism and looking forward to the great things that we can achieve in the future. In 2022, this sentiment is particularly true for everyone at Cobidex HQ.
With so much going on, now is an opportune time to give our loyal Cobidex users a quick update on how things will progress in the coming weeks and months.
Transition to DeFi
As most of you will know, the ultimate aim of Cobidex has always been to make our exchange the world’s first community-owned crypto derivatives exchange. The final steps to making the transition to a full derivative DEX are well underway, and it is expected that by the end of Q1 2022, our long-term goal will have been achieved.
The new DEX will include many of the unique features that can be found on Cobidex today and will be complemented by more user-focused additions such as swap, farm, pool, an NFT marketplace, staking, and a launchpad for new crypto, gaming, and metaverse projects.
Cobi
Approximately 85% of the initial supply required to pair Cobi with other coins and start trading has now been mined through trade mining.
We are now looking forward to having Cobi freely traded and initiating price discovery within the next few weeks.
We will announce a fuller update on this development shortly, but you can expect Cobi to be available to trade on Cobidex very soon.
Entering the Metaverse
The future is going to be dominated by Web 3.0 and the Metaverse.
In line with keeping our project ahead of the curve, Cobidex has recently partnered with upcoming Megaverse, a community-focused metaverse project where social media users and the world’s most vibrant global communities enter the metaverse.
Megaverse’s mission is to accelerate this transition and bring the future forward.
The opportunities that the metaverse will bring are endless, and everyone at Cobidex is incredibly excited about what this partnership with Megaverse could bring to all stakeholders in the future.
Cobidex has purchased land in Megaverse and will be fully represented with a Cobidex HQ on BTC Island. Additionally, Cobi token holders will be given exclusive access to buy plots of land in Megaverse using your Cobi token.
DEC Buyback
The DEC buyback scheme will start at the end of January and last for three months.
All of the DEC holders who have already submitted their buyback request will have their tokens bought within this period as per the priority of their submission request.
A brighter future
There is a lot of hope that 2022 could be a year where we finally start to get a semblance of normality back to our lives. At Cobidex, we believe that this year will be truly transformational for everybody connected to the project, and we cannot wait for what the future brings.
We will be back in touch with a new update in the next few weeks.
