Navigating The Complexity Of The Commodities Space With Siddarth “Sid” Patil, Co-Founder And COO Of Comdex PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Navigating The Complexity Of The Commodities Space With Siddarth “Sid” Patil, Co-Founder And COO Of Comdex

Commodities is an industry of a massive scale and it’s here to stay. This is where Sid Patil finds his niche. Sid is the co-founder and COO of Comdex, a platform that focuses on enabling traders and investors to connect/trade assets from different block chains. Joining Monika Proffitt in this conversation, he shares how this system works and why he and his team chose to venture on this technology. Listen in and get immersed in the exciting world of commodities!

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Navigating The Complexity Of The Commodities Space With Siddarth “Sid” Patil, Co-Founder And COO Of Comdex

I am here with Siddarth Patil of Comdex. Thank you much for joining us and also for telling us more about Comdex and your latest project. It sounds like you’re bridging CeFi and DeFi. If you could start by explaining how you would define CeFi and DeFi.

Thank you, Monika. Firstly, I’m excited to be here. We are jumping right into it. What CeFI and DeFi are and then what we do to bridge it. CeFi is a coin going on the go. It stands for centralized finance and it refers to the things that people know when it comes to the term finance. I’m talking about your banking, investments, savings and financial instruments we are familiar with, like equities, stocks, foreign exchange and things of that sort. All of that broadly falls into what we call CeFi.

Then there’s DeFi, which is decentralized finance, which is those same things but on the blockchain and more to do with the crypto assets that people hold or crypto investors hold. Things like lending, borrowing, synthetics and derivatives, all of these happening on the blockchain is what we refer to as decentralized finance. Where Comdex comes in or what we’re trying to do at Comdex is build a range of solutions that can enable bridging of these two universes, allowing people on either side to take exposure to what’s happening on the other side. Hence, the bridging of DeFi and CeFi.

It’s good to even get a definition of that centralized finance, the finance that we’re used to hearing about, even if not everybody’s an options trader or a derivatives trader, etc. We pretty much understand there’s a stock market and some people engage that with all kinds of fancy instruments. I hear a lot about the SEC having the purview over what happens in centralized finance as well as in decentralized finance.

That’s where a lot of the restrictions and regulations can come. Also, they don’t know what to say sometimes. A lot of confusion can start there if you focus on, “What do they say?” “Nothing.” “Am I breaking the law?” “Maybe.” Given the types of instruments that you’re using, what I noticed in your bio that was interesting and I’m totally confused about is, how is it that you are more under the commodities department versus the securities department because securities that go under the SEC and FINRA but the SEC equivalent for commodities is different. Is it the CFTC or CFDC?

CFTC.

What does it even stand for? I don’t know but there are different. They do completely different things. They have different ideas about things. They have different rules. How is it that you guys ended up there and maybe is this an idea that more crypto projects need to consider?

How we ended up at commodities has to do with our origins as a project. We started off ideating in late 2017 and early 2018 about what we can do with the blockchain space and where it can be applied across multiple industries. 2017, as most people might be familiar, was when Bitcoin had its previous peak of $20,000. There was obviously a lot of buzz and a lot of excitement around this whole blockchain industry and this technology and what it can be used for.

Around then is when I got in touch with the folks who started off ideating for Comdex. These are people who are already operating in the commodity space with a good footing in the industries and a good understanding of everything that goes on and the nuances of how to operate in this industry. At the time, what they were looking for was a technological solution or a digital solution that would enable them to digitize their practices. At the same time, tap into the efficiency and the transparency that comes with it.

That’s when we got in touch with each other. I was someone who was keen to learn about blockchain as well. These guys are my friends. I told them, “I want to be able to help you in any way that’s possible. I want to learn myself and then also help you guys out in the process in whatever ways I can.” We started Comdex to build a platform that enables commodities traders to digitize their trading activities on the blockchain, which creates an immutable audit trail of all their transactions and their trading activities.

What that does is it enables them to position themselves as stronger business partners and business associates for their business associates to do business. This is an industry that lacks trust and clears operating with one another in different jurisdictions or different parts of the world often find it hard to engage with new business associates simply because they don’t trust who they’re doing business with.

Enabling a trader to have an audit trail of all their trading activities on a blockchain, which is public transparent and immutable, creates that layer of trust that enables them now to reach out to these business associates and partners that they weren’t reaching out to, especially in the financing because this is a very capital working capital intense intensive industry. Cashflows are of high importance.

80% of all trade in volume happens in New York requires financing. We know that financing is a huge requirement. We also figured that financing is a very underserved segment of this industry where more than 80% of these guys who do apply for financing are not getting the financing that they have applied for. That was the problem we wanted to address with Comdex back in 2017, 2018.

NTE Siddarth | Commodities
Commodities: Commodities are a huge space. We know it’s here to stay. And as long as humanity exists, there’s always going to be a demand for commodities.

At the time, there was a buzz about what blockchain is but not as much about crypto itself, especially with the institutional folks that we were talking to. Most of the clientele for our platform would be institutions and organizations based in different parts of Southeast Asia. That’s when we started to realize that the solution has to ask to solve these problems for this industry, create this blockchain solution and then also address all the specific problems and nuances that this energy industry faces.

Why commodities or how commodities largely have to do with the folks that I got in contact with when we started Comdex? Commodities themselves is a massive industry. The average annual volume of trade that happens in commodities is estimated to be around $17 trillion, which is a huge number in our day-to-day lives that we interact with commodities in so many different ways without realizing it.

The PC that I’m using has a bunch of parts that are produced in different parts of the world, accumulated and then circulated around the world. The chair and this window, everything that I’m using here has got something to do with commodities or the other. It’s pretty much the lifeblood of the global supply chain. We figured, “Why not start that?” That’s a great starting point for the adoption of blockchain where you start the fundamental of all the ingredients of everything that the world is made up of and digitize that and create an immutable trail for all the transactions and activities that happened there.

That’s how we got into a commodity. That’s why we focused on commodities because we know it’s a huge space and it’s here to stay. As long as humanity exists, there’s always going to be a demand for commodities. Why not focus our energies on making this industry optimal and efficient in whatever ways we can?

It had more to do with what other people specifically were doing. They said, “Let’s apply this technology in this direction because we know it well.” Have you been trading in the commodities world before? I realized that you have a background in investment banking. Were commodities a part of your background yourself? Was it something that you had to pick up and learn?

I was previously working at a big four management consulting firm in the investment banking arm of the firm, helping and doing the due diligence of private equity transactions. It’s a lot of what I had to do.

It’s such a great way to question your own reason for living. I know so many people that have like bled their lives and souls in their twenties into these big fours and come out like, “I got to change my life.”

That’s my story too. I was working there doing all of these Excel sheets and then PowerPoints. In between all of the Excel sheets and PowerPoints, I got great exposure to a bunch of different industries that I was doing due diligence for. I wouldn’t say commodities was a space I was familiar with but shipping was an industry that I’d done a few projects with a few big clients that were based out of India at the time.

Through the little keyhole of exposure that I got, through the shipping industry into commodities is when I realized as well that this is an industry of massive scale. Every transaction that these guys get into is like 7 to 8 figures. There are a lot of volumes that move around and a lot of critical business functions that happen within this industry. When I did get into contact with the guys who were ideating for Comdex and when they did say what they said, it all clicked in my head and made sense that this is something that can be addressed and fixed. Blockchain is most likely the way that it’s going to happen.

What would a user get if they went to Comdex now? If they don’t know commodities that well, is there a bit of learning that goes into that? Is it for experts only and a lot of DeFi projects? Do you try to engage the average consumer or do you focus on experts that are already in the commodity space or DeFi space wanting exposure to commodities?

A bit of both. How it works is we have one platform that we launched in 2019, which is a very enterprise-focused platform, which, as I said earlier, was designed for commodities trading institutions to digitize those activities and create that audit trail that helps them get better access to financing and business. We have now shifted our focus towards creating a protocol that enables DeFi to take exposure on the commodity side as well. This application is expected to come live. When a user goes to this application, it would be a DeFi investor or someone who holds crypto assets looking to take exposure and commodity assets like soybean gold, silver, palm oil, crude oil or things of that sort.

The way it would work is pretty much you hold your crypto assets. You bring them to Comdex, you can collateralize them and then borrow against them. This debt that you borrow could be in the form of some stable coin or it could be in the form of commodity assets that you can then trade on an exchange. These assets mimic the price of those commodities in the real world but then you’re able to take exposure to their price movements by holding and exchanging those assets on that exchange. Hence, the name Comdex, commodities decentralized exchange. That’s what we’re going after.

This is a bit off-topic but with a lot of people that are in the DeFi space and in crypto, we still talk quite a bit about how much inflation we’re seeing in the US dollar and in most currencies right now. We’re going into a global issue of massive inflation but specifically the US is getting swallowed up into a black hole that way. We’ve made our own bed to a degree.

Then this might be off-topic but I keep thinking, where do we go if we see the bear market is coming in crypto and that Fiat currencies are evaporating into inflation, other than what you need to spend in the Fiat currency in your local community or in your personal life right away? Where do you put your money to not end up in this black hole that we know and can see is coming in the next few months, if not within the next 6 to 12 months?

Commodities are the lifeblood of the global supply chain. Why not make that market more transparent, available and efficient? Click To Tweet

I am of the mind that one place to go is into real estate. Maybe it’s into stable coins of high yield and DeFi. It’s in different things. Do commodities also qualify in some sense as an investment banking and wealth management professional in your background? Do you see commodities as a place where people could potentially shield themselves from some of the risks in Fiat and cryptocurrencies that are coming?

I’m glad you asked this question because as you were asking me this question and it was something I wanted to also bring up about how we ended up here. Exactly as you pointed out, the Fed itself has printed 25% of all the money that’s in circulation in the last year alone. Reports are coming out that the inflation in the US, which is 6.8% is the highest it’s been in a long time.

I heard 9.8%. If they tell the truth, that’s not even a drop in the bucket. It’s more than that.

That’s exactly what we realize is if money is losing value with this pace, investors are seeking investment opportunities at all times. If you also look at equity markets around the world, the US equity markets have been doing pretty well. In India, the equity markets are in a bull run as well. When you study the fundamental economic data behind these economies, they tell you a different story, which is why you almost feel as an investor that if I’m doing all this research and analysis and coming up with these hypotheses about where I should be investing.

The reality doesn’t quite match up to what the fundamentals teach you. That’s why we thought about investor thinking. Anyone wants to diversify their portfolio and take exposure in safer asset classes, where do they go? As you pointed out, the crypto bull run is not going to last forever but we are going to have a bear market coming soon. Equity markets, same story. We are seeing a bull run but who knows, it might not last forever. Money’s losing value at a rapid pace.

As an investor, your focus should be towards preserving the value of the capital that you own and also in the long run. That’s where an asset class like commodity comes into play because as I said, the demand for commodities is never dying. People always going to want to eat, have laptops, tables and chairs to sit on and everything of that sort. We realize that if you look at the price of any commodity in a long-term horizon, let’s say twenty-plus years. You see that there is a consistent upward trend where it’s able to beat inflation consistently over the long run.

We see commodities as an asset class that’s inflation-resistant because they have an inherent value, a tangible value that people use them for. What I saw as a finance professional before I got into web three is that commodities aren’t an asset class for the retail investor. People like you and I might be able to buy gold but that’s about as far as we can go with commodities. We’re not able to take exposure in wheat, barley, corn and things of that sort but we know these things are always on demand.

The focus has been towards tokenizing these or creating assets out of these commodities that exist in the real world that people can invest in. We know that in the long run, these assets will all have value. There’s always going to be someone who’s going to want to buy that corn and make conflicts out of it or something like that. That was the underlying hypothesis behind why we got into commodities, as well as that it’s an asset that has the tendency to be inflation resistant but it’s not been made an asset class that investors can invest in yet. That’s where we fit in, in trying to make this an asset class that investors can invest in.

One of the things I love about crypto, in general, is that in terms of asset classes and investment opportunities, the little guy, which is all of us, except very few people on this planet can take advantage of some of these opportunities. That’s because the increment of investment has been lowered and the barrier to entry, at least financially, has been lowered. I hope they get to know more. That’s why I’m in the media about this.

I’m like, “Let’s shout it from the rooftops. There are opportunities. Let’s take the money back from the monarchs.” That barrier to entry that’s been lowered, at least financially. In your platform is it something that’s designed for DeFi experts or is it something where a retail investor who is in the United States now can go through KYC, be approved and begin deploying their own small amounts of capital into this new asset class?

What we’re building out now is our synthetics protocol. Broadly speaking, it’s creating tokens or derivatives of commodities in the real world that crypto investors can invest in. This application is fully decentralized, meaning anyone in the world should be able to use this application with their crypto assets to do whatever they wish to do as long as the platform allows it.

In terms of our roadmap, in the long run, we have plans to tokenize those assets from the commodities industry in the real world and bring them on-chain and allow DeFi investors to take exposure to these assets and these debt assets in particular. These are safe assets, which we don’t have any exposure to or any insight into at all. We want to make this app, which is going to be called ShipFi, launching in 2022.

This app will be for, as you described, the average investor who was able to do the KYC, able to register themselves on this application and then through their crypto stable, let’s say stable assets like USD or any other stable coin, take exposure, in the real world on these debt assets. That is in the works. It’s part of the roadmap but what we’re launching around 2022 is the application that’s fully decentralized for any DeFi user to take the exposure.

NTE Siddarth | Commodities
Commodities: Commodities is an industry of massive scale. It’s an asset class that’s typically inflation resistant, in-patient resistant because they have an inherent value, a tangible value that people use them for.

For my audience, if you are aware of Comdex, you can check them out now. The product that’s going to be addressed and speaking to you is going to be out more in Q1, Q2 2022, which is exciting. Given my general ideas on how the bear markets are coming, we’re going to be pretty hungry for that opportunity soon. I also have to wonder if the timing of that sounds like it’s been well time given that people are going to have an appetite for some of those.

I’m trying to relate this to the mortgage-backed securities market, where there’s already enterprise interest and large funds packaging up mortgages and calling them, reading them and then swapping them back and forth. There’s a bond and a good market for this. There’s very little transparency as we know when we had to pay for it with our 2008 crash. Hopefully, we can avoid that in the future with blockchain in that particular area as well.

It’s something that I’ve thought deeply about that we can begin with an enterprise solution on that end, tokenizing all of the actual assets. Also, we can bring it to investors on the other end and help to change how their mortgage structures are or give them the chance to do new and maybe even more affordable ways to stay in their homes.

This is something that I’m very interested in because what you’re doing is analogous to what I’ve always thought of in terms of what’s happening and what’s brewing in the crypto markets in terms of real estate. Am I getting this right? Nobody knows the commodities market the way that you guys do. That’s a lot more fringe, even though the mortgage-backed securities market is something that people watch the big short and be like, “That’s the thing. I didn’t know.” That’s how I felt. Most people probably felt that way but I have never once seen the big short equivalent of wheat and barley debt

Is it analogous to that? Does it operate similarly? If so, I’m curious how you were able to become useful to the enterprise world and those traders in there because blockchain seems like it is Japanese. It is like another language that no one has learned in that market. Not saying no one’s learned Japanese, all the Japanese people have and lots of other people do. I wonder, is it like that? Is that how it functions?

You mentioned something and it’s pretty much what we planned to do. As I mentioned, we have an enterprise-focused application. The way these applications work is anytime there’s a commodity that’s being created between two parties in the real world, we capture the documents that specify what this commodity is and we create an NFT of this document and then store it on our chain.

What that does is it’s a unique asset that represents that particular shipment of a commodity that exists in whatever vessel or whatever port it’s currently sitting at. This NFT then exists on the chain, giving a transparent insight into who owns this asset right now and how many hands have has changed before the switch to and all the insights that you need.

There’s that layer of transparency that exists for this NFT or for these commodity assets that exist in the real world. We focus on making all our applications interoperable, which means every app we make should be able to communicate with every other app we make. Allowing that synergy to exist across different user classes that we deal with.

In a utopian scenario and all our applications are up and running and the app is being used to its full potential. What we can see is commodity assets being treated by commodity traders on the enterprise side, creating NFTs, which represent those assets in the real world, which we store on the chain. Through apps like ShipFi, what we’ll allow these commodity traders to do is seek financing on these trades through ShipFi, where this NFT is now stored as the collateral which a derivative is created. This derivative represents that same commodity or that asset that these commodity traders are seeking financing for.

These derivatives can then be sold to DeFi investors who use their stable assets or crypto assets to buy these derivatives. That channels the funds back to the financing requirements originally created by the commodities traders. In a sense, there’s a very transparent view into everything that’s gone into the creation of the NFT, financing request and the fulfillment of that financing request for each DeFi investor that’s involved.

It’s far more transparent than how things were done in the 2008 crisis because back then, it was centralized. You were relying on firms like Moody’s to provide these ratings and there’s no insight into how AAA was different from any other rating. The rating was given out. Everyone took the rating at face value and then acted on that basis.

What we want to do is empower all investors with the right tools that they need to have complete insight into everything that’s going on in the backend and make those investment decisions accordingly. Hopefully, they will take more informed decisions going forward as well. Speaking of the commodities industry itself, historically, it’s an industry with very low default rates when it comes to the main industry. The industry gets a bad rep because when there are these defaults that they tend to be public and they tend to be of huge size. That’s why there’s this air around commodities that it’s an unsafe asset.

If you look at those statistics, it’s a very safe asset class to be invested in. Our hypothesis is that if we give investors access to these kinds of assets, they can truly diversify their portfolio to go for an all-weather portfolio or all-weather DeFi investments is what we want to allow investors to have is that no matter whether it’s a bull or a bear, you still have ways to protect and leverage upon your capital, hedge your positions. Also, take exposure and safe assets that you otherwise wouldn’t have had access to.

It seems to me that as a smaller investor, as a retail investor, etc. and meet most of my audience, there’s not something that we can go out and do except look at your utility coin that you have put out on and it’s now listed. Can you tell us a little bit about that listing? It looks like it’s on the osmosis dex. In layman, what does that mean and how would someone find it?

The crypto community as a whole is such an accepting and warm community. Click To Tweet

We have now listed our sources. We went live. Our token is called CMDX. It’s built on top of the Cosmos SDK. Cosmos is the technological layer one that we’re built on top of. That’s the ecosystem we operate in. Osmosis is a decentralized exchange in that ecosystem. Anyone looking to get involved in this ecosystem would have to be on the osmosis dex to find all these different tokens that are traded there like ours.

Part of our roadmap is to have our token listed across multiple exchanges and centralized exchanges as well. We can capture a broader audience that would be interested in a product that we’re building and interested in using something like what we’re looking for. More updates on that should be coming from our channels soon but anyone looking to find to get involved at this point, Osmosis is where we’re listed.

It sounds like some people got involved before even the osmosis listing and you had some airdrops. A lot of my audience have heard about airdrops? Can you talk about what that program was? Who got involved? How did they get there? What does that mean to the people that did engage with it?

Airdrop is basically an incentivization program. What we want to do is at least from the context of we’ve been operating in the cosmos ecosystem for two years, mostly in the shadows, more public recently but we’ve had a lot of support from the ecosystem and from everyone involved across the space. In many ways, part of why the Airdrop was to give back to the community for all that support that has been providing us in the past two years but also, it’s to raise awareness, to incentivize certain behaviors that we encourage. Then also to capture the attention from different ecosystems that we believe that our synergies with. That’s why we chose Atom, Luna, Osmo and XBRT.

The Cosmos token is Atom. Luna is for Terra. Osmo is for Osmosis and XBRT is for Persistence. What we’ve done is we’ve Airdropped CMDX tokens to stakers and holders of these assets. More to stakers than to the holders, the reason being we promote staking of assets because they help secure the chain. Why Cosmos? As I said, we’re part of the ecosystem and it’s always great to have the support of the ecosystem and always great to give back to the community as a whole as well.

Same thing goes for our Osmosis. It’s great what they’ve done for Cosmos as a whole. Ever since the dex has come up, we’ve seen this whole boom on the DeFi side of things as well. Terra has become IBC enabled. As a welcome to the IBC family and also for potential interaction and integrations with them in the future, potential synergies with them in the future as well. It’s a great opportunity to have interactions with Luna holders who are from the Terra community.

Persistence because we built our first application using the Persistence SDK very much a part of the Persistence ecosystem. I’ve had great support from the Persistence community as a whole. That was the reason the Airdrop was conducted for these four communities. For anyone looking to find out how much they are eligible for or how they can go about claiming the Airdrop, they can head over to Airdrop.Comdex.One. That’s where you can find out how much you’re eligible for and if you are eligible, you can start claiming. All the information can be found there.

I also want to know, what did you study in school? How did that go between what you studied in school? How did it apply to being at the big four where you might’ve lost your soul for a moment or at least a few brain cells? How do you feel like that set you up to be where you are? A lot of our audience are crypto enthusiasts. They’re Millennials, they’re Zoomers and trying to figure that out and feel like you have a plan when it seems impossible to ever have a plan. I always pull that curtain back if I can.

I’m happy to go into my background. I did my undergrad in Economics and Finance from McGill University, which is in Montreal Canada. Soon after that, I started my own business right after college, which is a wealth management practice that I started up my own. It didn’t last too long and it came crashing to the ground but I have no regrets because I learned a lot through doing that.

Soon after, I jumped into doing my investment banking role at the big four consulting firms that I was at. That was the firm I’d previously worked with as an intern. I had relations with the team that I was working there. They always had good relations and there’s always some interest to work together in the future. That’s when I got back there.

As you said, working there takes your soul away from you when you realize that it’s not all that you dreamt about when you first start working. Around then was also when I started reading about crypto and everything that’s happening on the crypto side of things. I saw a few people make a lot of money. That was one of the primary reasons why I’m here.

My ears popped up when I heard about crypto and I was like, “I need to know what’s going on here.” I started reading up a lot, got in touch with a few friends of mine who are in the space and I learned a lot through them. Through them, I also got in touch with the folks who were ideating for Comdex and they were talking about blockchain and how they can apply it. That’s how I got in.

What I feel about the space, which is a beautiful thing about this industry is that it’s truly decentralized in the sense that I always say to be a doctor, you need that you need the degree, which puts you in college for how many years. At the end of it, you’re pretty much 30, 35 and then that’s when they tell you, “You can go be a doctor.”

NTE Siddarth | Commodities
Commodities: What we want to do is empower all investors with the right tools that they need to have complete insight into everything that’s going on in the backend and make those investment decisions accordingly.

If you want to be a chartered accountant, you need to clear certain exams and do certain degrees and only then do you get the license to be a chartered accountant. The beauty of the crypto industry is there’s no university in the world that’s giving out crypto degrees. There’s no company that’s saying you can’t be in this space if you don’t have a crypto degree because it doesn’t exist.

Anyone who’s in this industry is here because they wanted to learn. They spend that effort and then they find everything they need to learn and it’s all available freely online. The crypto community as a whole is such an accepting and warm community. Everyone’s DMs are pretty much open. Anytime you DM anyone in the industry, you can expect them to reply and help you out, providing you with resources that you need to learn.

That’s the beauty of the space. That’s how I learned what I learned about this industry is honestly, through finding things online that interests me. My effort is to pass it on. My DMs are always open for anyone who wants to learn about crypto. I’m always happy to provide the resources I was given generously in my early days. Truly, the beauty of this space is that anyone who truly wants to learn will find a way to learn.

I couldn’t have said it better myself. It’s a supportive environment. The community is amazing. Having been a woman in tech, back in the mid to late aughts and then being like, “I got to get out of there,” and doing my own thing for a while. Coming back, this is a whole new game. It is so much more welcoming and open to anyone.

What I’ve heard from most people and crypto bros that I have known way too many of, “Will you please help us get more women into crypto? We need more people of color in crypto. Everybody should be in here. This is the biggest wealth transfer that we’re seeing in modern history and all of human history. Get them in here. Otherwise, it will be the same all over again.”

That ground-up and decentralized effort to help out and engage and be available to your fellow man is something that I’ve always loved about the crypto community. Thank you for making your DMs available. That’s that goes without saying so many people almost everyone is available and happy to help and not just evangelize but actually mentor. Thank you for that.

I’m sure you’re going to get a couple of questions about that and about any future airdrops that may happen and your coin and everything else. This is exciting and I hope we have around two when you actually launch the product. That sounds wonderful. It’d be great to hear more about how things have progressed and then help to get this thing more and more eyeballs on it because it sounds like a fantastic place to be securing investment, hopefully outperforming some of this inflation that’s coming our way.

Thanks, Monika. I look forward to that as well.

I can’t wait. I’m going to try to cut it short this time and save some questions for round two. Do you have anything else that you want to make sure you announce?

The Airdrop is now live for claiming. Anyone who was interested in claiming that Airdrop can head over to Airdrop.Comdex.one. The best way to know anything about what’s going on in our project is our website itself, which is Condex.one. From there, you can make your way to our community chat on Telegram, our Twitter page. Twitter DMs are open. Our community chat has a lot of helpful community members themselves who would probably help you out before the team can.

It’s a beautiful environment and always open for people that can get involved in the community, ask those questions and if anyone wants to get involved in other ways as well, any member of the team is open to chat about those things. That’s pretty much it and more updates will be shared from all our channels. Stay tuned.

Thank you for all the information. This has been the first time we dived into the commodities world. I’m very excited to see these synthetics and derivatives and opportunities for people in the commodities world. I’m going to personally be investigating this because it sounds like a great place for me to invest some money as well. Thank you, Sid. This is Sid Patil from Comdex. He’s a cofounder and COO. It’s been a real pleasure talking with you.

Thank you, Monika. Likewise, it was a pleasure.

Thank you for reading. I will catch you in the next episode. Talk to you soon.

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About Siddarth “Sid” Patil

NTE Siddarth | CommoditiesI thrive on building, motivating and mentoring data science organizations. It’s a lot like parenting to me – what gets me going is helping my scientists and managers grow, think with clarity, solve exciting problems and make meaningful progress. But beware – I prefer to foster a loose atmosphere.

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