Review Catena X ($CEX) – Experience the Future of DeFi

Catena X (CEX) will deploy the latest advances in blockchain technology to promote the widespread adoption of DeFi. With CEX’s multi-chain bridge protocol, holders will be able to transact seamlessly between different blockchains. Read the full article to understand more about it. 

Concept project – What is Catena X?

Catena X (CEX) can be used as both a store of value and a means of transaction. CEX is a token that will drive a state-of-the-art multi-chain transfer protocol to bridge multiple blockchains, which will facilitate trades and transactions between different ecosystems in a completely decentralized way. The service will be decentralized, secure, and expansive with the ultimate goal of eventually bridging most of the existing major blockchains. The multi-chain protocol will be designed to be fast, agile, and low-cost, providing a much-needed mechanism in the ecosystem.

Outstanding features

What is the project trying to achieve?

• At CEX’s initial launch, the primary focus will be to make DeFi more accessible and easier to understand. Educating users around the benefits of blockchain technology and the workings of financial and cryptocurrency markets is crucial to the success of the platform.
• Once the CEX platform is fully deployed and operational, it will feature a decentralized asset exchange (DEX) featuring a multi-chain bridge service between select blockchains. In the future, the project team also aims to present an NFT marketplace and a LaunchPad on the platform

What is unique selling point?

Catena X Token key features are purpose-driven to empower platform and users to fully utilize DeFi: 

• Governance: Members of the community can vote, delegate and make part of the blockchain history.
• Burnable: This provides greater benefits to CEX holders by allowing the community to vote on limiting and controlling the number of tokens in circulation.
• Mintable: An essential feature to operate the bridge service between multiple blockchains.
• Yield Farming: Stake CEX for high rewards.
• Automated Market Maker (AMM): Assets are traded in a permissionless and automatic way using liquidity pools instead of order books.
• Bridge: The platform will provide a bridging service between multiple select blockchains with the ultimate goal of connecting most of the existing major blockchains.

RoadMap

Successful implementation of the project will provide a solution that eliminates complex and cumbersome procedures from the equation of transacting across multiple blockchains, providing users with the ability to transact and trade without censorship. Refer to a roadmap for more information.

Technical data

The Catena X token (CEX) is the native cryptocurrency of the Catena X ecosystem. Airdrops will be carried out frequently via future community events

Key metrics 

• Token name: Catena X token 
• Ticker: CEX
• Blockchain: Binance Smart Chain (BSC)
• Token standard: Updating…
• Contract: 0x59F2c86CFAa2EC1b07b3D032708220506657c479
• Token type: Updating…
• Current Total Supply: 31,500,000 CEX
• Max Total Supply: 63,000,000 CEX

Token allocation

Token use case

CEX Governance enables CEX token holders to vote and initiate proposals on the CEX Network. With this protocol, the platform will only be maintained and governed by the official CEX community.

• CEX Required to vote: 10
• CEX Required to submit proposals: 42000

Members that hold significant amounts of tokens (as listed on white paper) and/or contribute to the community in a significant way will be able to vote, propose initiatives and changes as well as a delegate.

Token sale

Updating…

How to own the token?

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Markets and Community

Markets

The CEX platform will include cross-chain support for multiple blockchains. Initially, the platform will operate on two of the most widely used blockchains. 

• Binance Chain (BSC) (October 2021).
• Ethereum (ETH) (November 2021).

Catena X will also become available on other blockchains soon. 

Creating this bridge will enable users to participate and utilize CEX’s decentralized applications which will be available on the participating chains. For example, users will be able to swap their Binance chain-based CEX token with an Ethereum based CEX token at a 1:1 ratio or vice-versa with minimal fees via a Decentralized-Bridge in the coming months.

A fully decentralized NFT Marketplace that anyone can deploy NFTs on and list them for sale exclusively to purchase with CEX. 3% of every sale gets distributed as incentives to the content creators community.

Backers

Team/ Founders

Partners

Conclusion and analysis

By purchasing CEX tokens, you agree that you are not purchasing a security or investment contract and you agree to hold the team harmless and not liable for any losses or taxes you may incur. Although Catena is a community-driven DeFi Ecosystem and not a registered digital currency, always make sure that you are in compliance with local laws and regulations before you make any purchase. Cryptocurrencies are not legal tender and are not investments.

Find more information about Catena X:

Website: https://catenax.org/

Telegram: https://t.co/MCYcbQS4uA?amp=1

Twitter: https://twitter.com/catena_x

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research