CODEX Review
CODEX
codextoken.com
If your website is on the scam list and you think that you are not a scammer, contact us. After you provide us with all the proof that you are in Crypto World with good intentions, we will delist you. Usually, you get in this category because you are hiding your team, you have a bad reputation(you are tricking, deceiving, scamming people), and you haven't got a written project whitepaper or is a shitty one....
Their Official site text:
Welcome to CODEX.
The future of blockchain is here.
The CODEX project represents a novel venture in the blockchain and cryptocurrency realm, initiated in August. It positions itself as a versatile and comprehensive solution, aimed at providing an essential suite of services for users and developers in the crypto landscape.
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The primary utilities offered by CODEX include:
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Swap: A platform for exchanging cryptocurrencies, allowing users to effortlessly convert one digital currency into another, with the goal of ensuring liquidity and competitive pricing.
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Staking: This feature enables users to "lock" their cryptocurrencies to receive rewards, leveraging Proof of Stake mechanisms that reward participation in the network.
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Mixer: For those seeking increased privacy in their transactions, the CODEX mixer is designed to offer anonymity by blending transaction trails to obfuscate the tracking of funds.
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Bridge: To facilitate interoperability between different blockchains, the CODEX bridge will serve as a tool to transfer assets from one chain to another, an increasingly important aspect in today's crypto ecosystem.
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ChatBot(AI): This bot will be useful for all people who need a decentralized AI, who do not want to risk their data on centralized platforms like OpenAI, Grok...
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Codex Marketing(BOT): Perhaps the most innovative utility of CODEX, the marketing bot will operate on Telegram and will allow the purchase of services ranging from blockchain dapps to social media interaction. Users can utilize it to boost their online presence, gaining followers, and engaging in other promotional activities.
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The concept behind CODEX is to create an ecosystem where users can easily navigate the world of cryptocurrencies, having access to tools that facilitate trade, investment, management of digital assets, and the promotion of their projects. In a phase where the blockchain ecosystem is becoming increasingly complex and fragmented, initiatives like CODEX seek to provide solutions that bridge these divisions, leveraging ease of use and integration of services.
Staking Platform
Explanation and Understanding of Utility
The $CODEX staking initiative is a meticulously crafted program aimed at providing token holders with a lucrative opportunity to earn returns through a high Annual Percentage Yield (APY) while also ensuring commitment to the token's ecosystem.
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Here's a detailed breakdown of the staking process for $CODEX:
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Attractive APY:
Stakers can look forward to an APY of over 150%. This is a particularly high return rate, designed to attract and reward users who are willing to stake their tokens and believe in the long-term potential of the $CODEX project.
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Lock-up Period:
To earn the stated APY, stakers are required to lock their $CODEX tokens for a period of 7 days. This lock-up period is a common feature in staking programs, aimed at reducing the circulating supply of tokens temporarily, which can help in maintaining or increasing the token's market value.
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Early Withdrawal Sanction:
Stakers who choose to withdraw their tokens before the end of the 7-day lock-up period will face a penalty. A 20% fee will be levied on the total amount of their staked tokens. This substantial penalty serves as a deterrent against early withdrawal, ensuring that only those serious about staking participate, which in turn can help in providing more predictable token economics.
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No Staking or Withdrawal Fees:
There are no fees for entering into the staking agreement or for withdrawing tokens, as long as the staker adheres to the 7-day lock-up period. This policy is user-friendly and encourages stakers to fulfill the lock-up period, thereby supporting the staking pool's stability and the token's market performance.
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Sustaining the APY:
To support the generous APY offered to stakers, a portion of the proceeds from the marketing bot and other utilities within the $CODEX ecosystem will be used. These funds will be strategically directed towards buying back $CODEX tokens from the market. The repurchased tokens will then be added to the staking pool, which not only bolsters the APY but also potentially enhances the token's value through the reduction of supply and the demonstration of the team's confidence in the token's value.
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Privacy is the cornerstone of the $CODEX staking platform. We employ high-level encryption measures to ensure transaction anonymity and user data protection, safeguarding identities and staking activities to remain confidential and secure from prying eyes.
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Mixer
Explanation and Understanding of Utility
The $CODEX mixer is a solution designed for those who value privacy and anonymity in the cryptocurrency realm. It acts as a cryptographic intermediary, with the goal of dissociating the user's identity from their fund transfers within the Ethereum blockchain.
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How the $CODEX Mixer Works:Β
A mixer operates by receiving a quantity of cryptocurrency and blending it with other transactions within a cryptographic pool. Once the funds are sufficiently "mixed" with those of other users, they are transferred back to designated addresses that bear no direct connection to the original address.
Mathematically, this process can be likened to a hash function: it takes an input x, processes it through a series of irreversible operations (the "mixing"), and yields an output y such that it is computationally infeasible to deduce x from knowing y.
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Privacy and Security in the $CODEX Mixer:Β
In the $CODEX mixer, privacy is of paramount importance. We employ an advanced cryptographic scheme that ensures the complete anonymity of users, masking their tracks on the blockchain. Unlike a normal transaction, where the path of funds can be publicly traced, our mixer ensures that the link between your sources of funds and final destinations becomes indecipherable.
We also implement various levels of security, such as the use of one-time addresses for each operation, end-to-end encryption, and multi-signature mechanisms to ensure that only the legitimate owners can access and transfer their funds.
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Fee Structure of the $CODEX Mixer:Β
Regarding costs, the $CODEX mixer offers one of the most competitive fees in the industry, ranging between 0.005 BNB-0.001 ETH per trade. This accessible cost structure opens the doors of blockchain anonymity to a broad spectrum of users, making financial privacy a reality not just for institutional investors but also for individuals.
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With the implementation of the mixer, $CODEX positions itself as a pioneer, challenging the boundaries of privacy in the cryptocurrency world. When you choose to use our mixer, you are not just selecting a service, but also committing to the evolution of a safer, more private, and accessible crypto ecosystem for all.
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Swap
Explanation and Understanding of Utility
The CODEX Swap Mechanism stands as a paradigm-shifting decentralized trading architecture, empowering participants to execute digital asset exchanges within the Ethereum landscape. This platform is engineered to provide a seamless, secure, and non-custodial trade environment, capitalizing on the robustness of blockchain technology and the deep liquidity pools nurtured by our active community network.
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Innovations in Trade Execution on CODEX Swap:Β
The CODEX Swap revolutionizes the trading model by obliterating the need for upfront gas fees, which often pose a barrier for smaller-scale traders. Utilizing an ingenious system of meta-transactions, CODEX Swap allows for the facilitation of trades without immediate gas fee disbursements. The fees are cleverly extracted directly from the transaction value itself. This system operates as a deferred payment conduit, simplifying interactions with the Ethereum blockchain by bypassing the complex calculations usually associated with gas fees. Additionally, CODEX Exchange integrates a protective mechanism to insulate transactions from frontrunning risks, ensuring that each trade is secured against predatory practices and maintains integrity.
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Nominal Transaction Fee Structure:Β
A nominal transaction levy of 0.05% is instituted for each trade conducted on the CODEX Exchange. This modest fee is aggregated into a collective pool that rewards the liquidity contributors, underpins the continual development of the protocol, and drives community-led projects under the CODEX umbrella.
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Detailed Swap Process on CODEX Exchange:Β
Accessing CODEXSwap: Whether youβre utilizing the integrated browser on MetaMask or any alternative cryptocurrency wallet, or simply navigating via a conventional web browser, merely proceed to CODEXSwap to commence.
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Understanding the Platform: CODEXSwap streamlines trading across an array of ERC20 tokens. A hallmark feature is its allowance for the employment of the token being sold to defray gas expenditures, signifying that you need not fret over ancillary ETH gas fees for your transactions.
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Initiating a Swap: Embark on your trading journey by selecting the token you wish to divest and the amount thereof. Subsequently, determine the token you aspire to procure. CODEXSwap promptly computes the anticipated output, accounting for applicable levies and gas expenses.
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Managing ETH: In dealings involving ETH, our intuitive swap process will shepherd you through converting your ETH to WETH (Wrapped ETH). Should your swaps incorporate ERC20 tokens as the payment currency, this stage is expedited, assuring a fluid experience.
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Approval and Authorization: Once poised, activate the 'swap' command. This action will prompt the authorization for the token you are dispensing. Thereafter, elect to 'sign' to sanction the token's commerce on CODEXSwap.
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Concluding the Swap: To finalize, validate your transaction, select 'submit', and observe as your trade is consummated with finesse on the platform.
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With these innovative approaches, CODEX Swap is not just redefining the ease of trading digital assets on the Ethereum network but is also setting a new standard for decentralized exchange protocols.
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Bridge
Explanation and Understanding of Utility
The $CODEX Bridge is a pivotal component within the ecosystem, envisaged to augment both flexibility and accessibility within the cryptocurrency realm.
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What is a bridge?
Within the blockchain milieu, a bridge serves as a conduit enabling the transfer of digital assets from one blockchain to another. This utility addresses the burgeoning need for interoperability among diverse blockchains, which often function in insulated silos, lacking reciprocal communication. The bridge acts as a mediator, empowering users to harness the strengths of each network, be it the alacrity of one or the robust security of another, or the convenience of using a particular token on one platform over another.
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Initial Chains Supported:
At its inception, the $CODEX bridge will facilitate support for the following blockchains: Ethereum, Cronos, BNB Smart Chain, Shibarium, Polygon, Fantom, Base, Avalanche, and Bitcoin. This assortment encompasses some of the most prominent and pioneering networks in the crypto sphere, presenting users with a broad spectrum of choices for their asset transfer needs.
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Privacy and Security:Β
and security are paramount for the $CODEX Bridge. Our infrastructure deploys advanced protocols to ensure that user information and transaction details remain confidential. Furthermore, we implement multiple security layers, which may include end-to-end encryption, transaction verification via multi-signature processes, and tailored security protocols for each supported blockchain. Our objective is to shield users from theft, hacking, and other potential vulnerabilities.
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Accessible Fees:Β
Concerning the fee structure, the $CODEX Bridge is committed to maintaining transparent and competitive fees. With a highly accessible charge of just 0.5% plus a flat rate of $6 per transaction, we strive to ensure that the service remains cost-effective for all users, from individual traders to institutional investors.
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The Mathematics Behind Bridge Functionality:Β
The mathematics underlying the operation of a bridge can be quite intricate, yet here is a rudimentary exemplification. When a user wishes to transfer cryptocurrency A from blockchain X to blockchain Y, the bridge locks an equivalent amount of cryptocurrency A on blockchain X through a smart contract or locking system. Subsequently, it issues an equivalent of cryptocurrency A on blockchain Y, typically in the form of a wrapped token. The ratio is commonly maintained at 1:1 to ensure value conservation across the transfer. The fee is then calculated as a percentage of the transferred value, in this case, 0.5%, to which the fixed cost of $6 is added, ensuring that the process remains cost-efficient even for high-value transfers.
For instance, transferring $1000 in value, the fee would be (0.5/100) * 1000 plus the fixed $6, amounting to a total fee of $11.
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dApp: β
ChatBot(AI)
Introduction to Codex ChatBot AI:
AI Pioneers: Our bot is powered by the advanced technology of ChatGPT-3.5, providing a smooth and intuitive chatting experience + Plugins as Duckduckgo, crypto, wolfram...
Complete Decentralization: Access our service anonymously and securely, without the need for registration, decentralized platform.
Simple and Effective User Interface: We have designed an interface that facilitates user interaction with the bot, making the use of AI accessible to everyone.
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Current Bot Features:
/help: A command that provides a detailed help message, guiding users through the various features.
/reset: Resets the conversation, with the option to include high-level instructions for customized assistance.
/stats: Displays current usage statistics, allowing users to monitor their activity.
/resend: Re-sends the last message, useful in case of lost connection or other technical issues.
/image: Creates images from a textual prompt, leveraging the power of AI to generate visualizations on demand.
/tts: Converts text into speech, making content accessible in audio format as well.
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Future Evolution:
Access to ChatGPT-4: We are working to integrate the latest and most powerful version of ChatGPT, offering users an even richer and more interactive experience.
Purchase of $CODEX Tokens: We will introduce the option to purchase tokens to use ChatGPT-4, expanding interaction and payment methods.
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Codex ChatBot AI represents a qualitative leap in human-machine interaction, embracing the freedom and innovation offered by blockchain technology and advanced artificial intelligence.
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Try it now: β
Codex Marketing (BOT)
The CODEX Marketing Bot stands as a groundbreaking tool set to revolutionize how blockchain projects and crypto-enterprises position themselves within the digital marketplace. Specializing in the provision of services such as dApps, trend analysis, voting, and the amplification of social media interactions, this bot is engineered to maximize the visibility and engagement of our clientele.
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Through the Marketing Bot, CODEX delivers a comprehensive suite of automated marketing tools that work in synergy to augment a brand's online presence. From securing votes that elevate a project's rank to deploying targeted strategies that spur conversation and interaction across major social media platforms, each service is crafted to organically integrate into the web's dynamics, adhering to platform guidelines and maintaining user integrity.
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For blockchain startups, the CODEX Marketing Bot becomes an essential ally, capable of accelerating growth processes and laying the groundwork for a robust and engaged community. The intuitiveness of the interface and the efficacy of the algorithms ensure a seamless user experience and quantifiable outcomes, making CODEX's services highly sought-after in an increasingly competitive market.
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Orders from the bot use a FCFS (First Come First Serve) algorithm, so an order can take a minimum of 1H and a maximum of 72H to be processed.
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Accounts
Type: Disney+
1 Month 2$
3 Month 4$
6 Month 8$
12 Month 11$
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Type: Crunchyroll
1 Month 1$
3 Month 2.5$
6 Month 6$
12 Month 10$
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Type: Individual Spotify
1 Month (Only new account) 4$
3 Month (Any account) 12$
6 MonthΒ (Any account) 25$
12 MonthΒ (Any account) 35$
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You will need to provide us with email and password of your spotifity account(It can also be a newly created account with a secondary email), so that we can buy the subscription, after making the purchase we will exit the account.
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Type: Family/Duo Spotify
12 Month DUO (Any account) 50$
3 Month Family (Any account) 20$
6 Month Family (Any account) 35$
12 Month Family (Any account) 55$Β
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With both the duo subscription and the Family subscription, you can choose the people to be added as friends.
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Module:
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Email: The email on which you want us to send you the account credentials.
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If you would like to add some giftcards, please make a request to our CEO , if he doesn't get back to you right away, tag him in the CODEX group.
Revenue Share
At CODEX, we've implemented a revenue-sharing model that empowers our partners and affiliates to earn alongside us. When you join our network and sell our services, you can expect to pocket a net profit of 15% on each deposit you facilitate. This means that with every successful transaction you bring to the table, you secure a slice of the revenue. Our model is designed not only to expand our reach but to also enrich our collaborators, creating a symbiotic ecosystem where success is shared and mutual growth is encouraged. Whether you're looking to supplement your income or establish a steady revenue stream, CODEX's revenue-share program opens the door to financial opportunities that grow as you grow with us.
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You can request approval of the withdrawal (ON THE BOT) of money made from revenue-share, it will be reviewed and approved within a week. (The minimum withdrawal request will start at $25)
How to Use CodexServiceBot
Step one - Upload your own funds to the bot
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The first thing to do is go to Telegram and type @CodexServiceBot, after you find it, click on the "Start" button in Telegram.
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After starting the bot, a welcome message will appear a few seconds later, proceed by clicking on the "Wallet" button.
Then, after clicking that button, another message will appear where you need to click the "Add Balance" button.
After clicking that button, you will be prompted to enter the amount of money you want to load onto the bot, which must be a sum equal to or greater than $10.
As a penultimate step, it will display an interface with a "Make a payment" button, click it and you will be taken to a webpage of cryptomus (our intermediary for the payment) where you can choose which cryptocurrency to pay with (USDT, BNB, etc.), complete the payment and return to Telegram.
After making the payment, wait for 2-3 minutes and click on the "I have paid" button, doing so will add what you have loaded to your codexservicebot wallet.