There is no requirement for verification for any type of transaction simply enter an email address and create a secure password. With the debut of the flagship token, Total Crypto Market Cap (TCAP), consumers in the Decentralized Finance area will have unprecedented access to Cryptocurrencies.Īn overview of the Cryptex Exchange’s characteristicsĬryptex is an anonymous trading platform that allows you to exchange fiat currency for cryptocurrencies and electronic currencies (payment systems). The Cryptex team hopes to create a new possibility for investors to acquire exposure to the whole cryptocurrency ecosystem through a decentralized and trust-reducing protocol. ![]() Assuming 6500 Ethereum blocks each day for 14 days (91,000 Ethereum blocks), the per-block incentive would be 5.4945 CTX divided among the debtors at that time. The prizes for early adopters are distributed over 14 days for a total of 500,000 CTX. Early adopter awards are the only ones that do not require vesting because their primary objective is to distribute CTX for protocol governance. Any Vault owner who owes TCAP will receive CTX token rewards on a per-block basis. The TCAP protocol will give CTX tokens to Vault owners in the first 14 days of deployment as an incentive for early Adopters. The following are the rates: To reduce the volatility of CTX owing to fresh issuance from community awards, newly given CTX tokens will be subject to a 6-month vesting period, with 30% of the reward available immediately and the remaining 70% not accessible until the 6-month vesting term is completed. This is how CTX is given until the hard cap is met. Minting fresh CTX tokens may be used to compensate for black swan events that leave TCAP vaults undercollateralized, to maintain incentives for product development, and to enhance the protocol in other ways.ĬTX is issued on a per-block basis, with rates decreasing at the beginning of each month. That means, the maximum supply of CTX tokens cannot increase by more than 2% in a one-year period. The production of new CTX tokens through governance vote will be subject to a maximum annual adjustment of 2%. CTX Rewards Issuance & Vesting is used to provide any initial protocol incentives.Īs time passes, allocating and minting fresh CTX tokens may be in the best interests of the project and/or community. Some components of the TCAP system can be upgraded or completely replaced.ĬTX given to the Founders, Advisors, and Treasury are distributed over a multi-year vesting period. This style of governance allows for the modification of many characteristics of the TCAP system to better meet the community and project’s needs. CTX holders can propose governance changes, vote on them, and delegate their votes to other CTX holders. The TCAP Protocol is run as a Decentralized Autonomous Organization (DAO) that is administered by the CTX ERC20 standard interface token. ![]() Cryptex is now providing the infrastructure for decentralized financial solutions that allow exposure to assets other than BTC, ETH, and DeFi tokens. These solutions were previously not viable without a centralized custodian or manager, thanks to real-world data on the Ethereum blockchain and collateralized backings for producing tokens. Cryptex is able to create decentralized financial solutions such as Total Market Cap Token, TCAP, and many others by utilizing Ethereum’s smart contract framework. source:cryptex.financeĬryptex is dedicated to developing cutting-edge, open-source financial solutions for the global Crypto community. CTX tokens can also be used to make up for black swan events that leave TCAP vaults under-collateralized. Chainlink, Coinmarketcap, Nomics, Coin Paprika, and Coin Lore are among the data suppliers. The protocol uses smart-contract implementations to use over-collateralization strategies and blockchain oracles to construct TCAP, a synthetic asset that monitors the market cap of cryptocurrencies and tokens listed on the world’s largest crypto data sources. Cryptex Finance is an Ethereum-based system that provides investors, traders, funds, and DeFi users with access to the whole crypto market capitalization.
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