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CoFiX is an innovative trading system that utilizes the NEST oracle to establish a novel DEX called CoFiX. This platform offers traders and market makers reliable prices and a computable risk factor. Unlike other DeFi projects, CoFiX addresses the challenge of calculating and managing risk by utilizing an oracle with controllable and computable risk. The NEST oracle ensures the provision of a dependable price feed with a computable risk factor, eliminating the need for centralized infrastructure.
Issue Time
1970/01/01
Initial Price
US $ 0.01478124
Circulation/Max
0/0
Dominance
0.00%
ROI -99.19%
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What is CoFiX?
CoFiX is a decentralized trading protocol (CoFi+DEX=CoFiX) based on the NEST oracle design. It consists of an oracle module, a market-making module, and a trading module. The name "CoFi" is derived from Computable Finance. Unlike traditional DeFi, CoFiX addresses not only credit and liquidity risks but also volatility risks. By effectively calculating risks and using algorithms to price and manage them, CoFiX aims to achieve true non-custodial and automated operation. It is a blockchain-based closed-loop application that will revolutionize the financial industry.
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- What factors will determine the value of Cofi Coin when it is listed on KuCoin exchange?2021-11-24
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- As an expert in the field of digital currency, I would like to know what the expected opening price of Cofi Coin will be on the KuCoin exchange. Can you provide any insights or predictions based on the current market conditions and trends?2021-11-24