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Why MetaCert chose CoDEX to list MCT


🏦 200+ banks and brokers with $1 trillion in monthly volume

For the past few years, MetaCert has been working very closely with the team behind a new Web3 technology stack that I believe will bring tremendous new value and hope to both crypto and fiat ecosystems. The stack includes a new L1 (blockchain), decentralized exchange (DEX), mobile wallet, and a deep integration with Integral — the world’s largest OTC trading network that processes over $1trn every month in FX, gold, and crypto.

You won’t find much information online about CoDEX because they haven’t made any public announcements yet. They are building a network of partners and affiliates behind the scenes. Following years of R&D and many months of security audits and independent testing, the new technology and services are being made accessible to Integral and MetaCert partners, customers, and communities only. You can expect to see major announcements in Q1 2023.

MetaCert needs a form of programmable money (i.e. smart contracts) so we can automatically pay thousands of people around the world, tiny micro payments every few seconds, minutes or hours — efficiently, and at low cost. CoDEX gives us everything we need, and more. Thanks to CoDEX, and their partnership with Integral, MetaCert can finally launch a token, and be confident that our brand and community are in safe hands.

Following private meetings with Binance HQ in Asia, MetaCert was the first company that was invited to build on the Binance Chain.

I have more stories about massive crypto companies wanting to partner with MetaCert but I’ll keep them private. The Binance story isn’t a poor reflection on them, it’s just my way of demonstrating how MetaCert makes decisions based on longterm objectives instead of short term gains. And I’m delighted we waited because…

👉🏻 CoDEX + Integral is what everyone has been waiting for. They have it all. I feel safe working with them.

What & How

I copied ‘n pasted almost all the information related to CoDEX from their internal documents, while sprinkling a few extra words here and there to provide more context for MCT and the MetaCert community.

The MCT Token

The MCT token is the first native token to launch on CoDEX. It will be used to power a new economy of workers who will help democratize trust and reputation on the Internet and across the Metaverse, as well as provide economic incentives throughout the ecosystem for network growth. The MetaCert Token website is very old but still provides some additional insights through a White Paper and Technical Paper that can be found here at We will try our best to update these documents in the coming weeks so they better reflect our more focused approach. Thanks to our new approach with Zero Trust, we were able to remove most of the complexity from our token strategy.

CoDEX Overview

CoDEX is a new decentralized financial network on a high-performance Ethereum-compatible blockchain, providing decentralized financial services to everyone from central banks to the unbanked. I have more than ten years professional experience as a microfinance institution co-founder, and I can confidently say the CoDEX team is the first I’ve met in crypto, who really knows what “banking the unbanked” actually means. Sheetal Mehta Walsh is a member of the MetaCert Board — you can watch her two TEDx talks about this very subject below. We founded Shanti Life together, before getting married in 2010 (I married up!).

I’m sharing a lot of information about our charity because it’s my way of demonstrating a proven track record so you can measure my assertions about secure digital money networks that benefit the most vulnerable and not just the 1% at the top.

CoDEX has addressed the greatest barrier to institutional DeFi adoption — the switching cost from existing solutions with strong network effects — through partnership with Integral, the world’s largest OTC trading network. This partnership allows 200+ banks and brokers with $1 trillion in monthly volume to bridge directly into CoDEX without expensive and risky technical work.

CoDEX Financial Network and Blockchain

CoDEX is a 100x faster and 1,000x cheaper version of Ethereum, which bridges:

  • Layer-1 blockchains and non-custodial assets in the decentralized finance (DeFi) world
  • liquidity pools and custodians in the centralized finance (CeFi) world
  • banks and payment platforms
  • the world’s largest interbank money network, Integral (transacts $1 trillion+ monthly)

Here’s an article that explains the difference between DeFi and CeFi

As a fully-functional “Layer 1”, CoDEX offers the same base functionality as Ethereum and high-performance smart contract platforms such as Avalanche. Any smart contract that runs on any of those platforms can be run on CoDEX, with very fast blocks (1 second finality) and 2000 transactions per second (tps) — scalable to millions with L2 solutions, on a highly resilient global infrastructure.

CoDEX is a lot more than just another high-performance Layer 1 blockchain. It’s unique in having a Full Stack of DeFi services that are all driven by the same token (DEX), and all optimized for integration with each other, built around a Universal Bridge and a Universal Exchange.

CoDEX Decentralized Exchange

The CoDEX decentralized exchange (DEX) provides world-class crypto and foreign exchange (FX) liquidity in a DeFi environment. This means that you can trade more cheaply on CoDEX than on any other DEX in the ecosystem.

This is made possible by CoDEX’s creation of a “Liquidity Oracle” capable of carrying liquidity from the centralized universe into DeFi. This innovation allows CoDEX to benefit from Integral’s $1trn of monthly trading in FX, commodities, gold and crypto, generating the best prices in DeFi.

You can buy fiat or crypto without having to register an account, including MCT tokens. You are not required to go through know your customer) (KYC) verification.

The DEX Token

The DEX token is the native coin of CoDEX. It drives Consensus on Layer 1, as well as providing economic incentives throughout the system for stable operation and network growth.

DEX tokens are used to pay transaction fees on the CoDEX network.

Gas Fees

Gas fees in cryptocurrency refer to the transaction charges you pay when transferring a fiat currency (e.g. USD) or crypto currency (e.g. BTC) from one wallet to another. Before a transaction can pass or be recorded on the blockchain, it’ll require a gas fee.

Each transaction on CoDEX cost approximately $0.0005 (USD).

Vinci Wallet

“Vinci” is a secure mobile wallet that stores your keys and provides access to all the transaction and exchange functionality on CoDEX, enabling bank-grade infrastructure and pricing that’s accessible by anyone with a smartphone. Think Rainbow Wallet or Coinbase Wallet, but for all fiat currencies and crypto currencies, fully DeFi (Coinbase Wallet is only DeFi on a minority of its coins; Rainbow is ERC20 only), with a growing network of regulatory compliant on- and off-ramps into the TradFi system.

With these extra bells and whistles added, CoDEX can give any person pretty much all the functionality of a bank, an FX broker, a crypto exchange, a payment platform, and a remittance provider, all in a single app, and all custodial (not your keys, not your money): Chase plus Coinbase plus Venmo plus Western Union.

The current user experience for Vinci isn’t exactly slick, but it’s being improved weekly, and the team assures me that improvements are ongoing. UX and UI aside, the functionality is outrageously brilliant, it’s super fast, and it’s very safe and secure to use. People who know MetaCert well will testify to the fact that we rarely make a strong recommendation for a specific product or service.

Install Vinci to access CoDEX (no KYC)

Go to the Apple AppStore and search for “vinci wallet” — make sure to include “wallet” or you won’t be able to find it. If you’re unsure about any of this or you’d like to ask a question, feel free to email us at or seek confirmation inside our Telegram group here.

Vinci is currently available for iOS and Android devices. The iOS app comes with ApplePay integration. They are rolling out new payment processors for both platforms in the coming months. As a reminder, you won’t need to create an account or hand over any personal information when you install/use Vinci/CoDEX.

Waiting on MCT tokens?

If you’ve bought or earned MCT tokens please install the app and send your wallet address to — we will send you some DEX tokens to verify that we have the right address, before issuing your MCT tokens.

This process for issuance makes it very hard for bad actors to impersonate us in order to scam our community.

How to buy MCT tokens with ApplePay (iOS)

$0.012 USD per MCT token (same as the original price in 2018)
No identity verification (KYC) required

  1. Install Vinci
  2. Create a new wallet
  3. Setup Apple Pay on your iPhone
  4. Add cash to CoDEX via Apple Pay
  5. Swap fiat currency for MCT

How to buy MCT tokens with crypto

No identity verification (KYC) required

  1. Install Vinci
  2. Create a new wallet
  3. Transfer ETH or other crypto to your CoDEX address
  4. Swap crypto for MCT

It will be possible to swap/trade MCT tokens in Q1 2023 on CoDEX. We don’t have plans to list MCT elsewhere at this time, because we don’t trust anyone else. MCT is the first/only native token on CoDEX so we want to make sure we get everything right for them, and for our community.

MCT will be converted into an ERC20 compliant token in Q1 2023 also, which means it will be possible to move them from Vinci/CoDEX to another wallet/exchange, but you will need to pay the standard Ethereum gas fee and explain why you would do such a silly thing. 🤓

Depositing Funds into CoDEX via Vinci Wallet

Funds can be deposited into the CoDEX blockchain using the Vinci Wallet, using any of the following “onramps”:

  1. ETH deposits via the Ethereum blockchain;
  2. USDC deposits via the Ethereum blockchain;
  3. “Fiat” cash deposits via Apple Pay (iPhone only).

In order to deposit ETH

  1. Click on the “Deposit” button at the center of the top of the Balances screen
  2. Select “Add Crypto” for a crypto deposit
  3. For Crypto Deposit of ETH, a QR
    code and wallet address will appear.
    This is your Vinci Deposit Address (VDA) on Ethereum, controlled by the keys in your Vinci wallet, just like they control your address on CoDEX.
  4. Send ETH (a minimum of $50 worth) to your Ethereum VDA, then click “Scan for Deposit”
  5. Vinci will now take you to the Transactions page. As soon as your ETH deposit hits the address (<1 minute), you will be asked to approve the transaction to lock ETH on Ethereum and issue ETH on CoDEX.
  6. Once you approve, your ETH will show up in the Vinci wallet as having been deposited on CoDEX.

Depositing Funds into CoDEX via Vinci Wallet

Some technical notes:

  • The bridge, like most smart contracts, operates on the ERC20 standard. This means that it cannot process ETH directly, but only the ERC20 version of ETH, “Wrapped ETH” aka WETH. Vinci automatically “wraps” your ETH into WETH in its way to the bridge
  • What you see in your Vinci wallet as “ETH” is a CoDEX blockchain token called CoETH. that is 100% backed by and represents ownership of (the right to withdraw) 1 WETH from the locked WETH on the bridge.
  • The process of wrapping your ETH into WETH and sweeping it from your VDA into the bridge uses gas on Ethereum. This cost will vary based on Ethereum usage, but will likely be in the range $5–20. This will be subtracted from the ETH balance in your VDA.

In order to deposit USDC

  1. Everything is exactly the same as for depositing ETH, except that USDC is an ERC20 and does not need to be wrapped.
  2. USDC will show up in Vinci as “USD”, representing a CoUSD token on CoDEX.
  3. However there are still gas fees, and gas fees cannot be paid in USDC. Therefore when depositing USDC, users need to send some ETH to their VDA first. We recommend sending at least $20 worth of ETH, to cover the case where gas fees are high.

In order to deposit fiat cash

  1. Having selected “Add Cash”, enter the amount, click the apple pay button and follow the standard apple pay process.
  2. A 3rd party provider takes a $5 processing fee for the deposit.


  • Cash that is added in this way will also show up in your wallet as CoUSD
  • Your deposited cash will also be locked to maintain 100% asset backing

Thank you

I’d like to thank everyone within the MetaCert community who have waited patiently for MCT tokens to be issued. And I would like to thank everyone involved with CoDEX for making our life so easy. Thanks to their infrastructure, as well as their deep technical expertise and experience in financial markets and money networks, we didn’t have to build anything.

There’s absolutely no way we could have achieved a fraction of this incredible potential by ourselves, or with any other entity in the world. This is it. CoDEX is it. The adults have entered the playground. And given that MetaCert is one of the most established companies in the world that starts with “Meta”, and have a proven track record, I’d say we have a strong enough brand to provide a secure currency for the metaverse. More to follow on this in the coming months.



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Paul Walsh

Paul Walsh


MetaCert CEO. Passionate about Cybersecurity, Blockchain, Crypto, Snowboarding & Red Wine. Part of the AOL team that launched AIM. Co-founded 2 W3C Standards.