Cryptex Finance

Cryptex Finance (CTX) is a governance token that supports and supports the Cryptex protocol. CTX owners can vote on the protocol update for TCAP as well as all pending products in the Cryptex ecosystem.

The TCAP protocol is run as a decentralized autonomous organization (DAO) running the standard ERC20 facade token, CTX. CTX holders may submit governance proposals, vote on such proposals, and delegate their votes to other CTX holders. This type of control allows you to change various parameters of the TCAP system in accordance with the interests of the community and projects. Some aspects of the TCAP system can be completely upgraded or replaced.

For cryptocurrency investors, traders, funds, DeFi users, and insitutions, TCAP is an ERC-20 compatible smart contract that tokenizes real-time Total Market Capitalization from all cryptocurrencies and tokens listed on the most reputable crypto data providers in the world.

Combining blockchain technology with the process of data aggregation, over $1 trillion of raw market capitalization data can be brought to market via crosscollateralized, asset nominal tokenization. Asset nominal tokenization starts with the process of taking a data metric, such as Total Market Capitalization. This metric is then set to a divisor of 10,000,000,000. The new, nominal asset token value now trades in lockstep with the underlying data metric it tracks.

Collateralizing the new smart contract against multiple assets like ETH or DAI provides the security that this new tokenized asset is backed by a set of rules and collateral enforced by an Ethereum smart contract, thereby tokenizing total market capitalization.

For example, if the total crypto market cap resides at 350 billion dollars. We then add a divisor to that number, just like the S&P 500 or any major financial index would. The price calculation for TCAP is as follows:

cc = $350,000,000,000

dd = 10,000,000,000

rr = \frac{c}{d}

d

c

​

= $35.00

Where cc is the total cryptocurrency market cap, dd is the divisor and rr is the TCAP token price.

TCAPs are then minted upon being collateralized by an underlying asset, such as ETH or DAI. What the user receives in return is a newly minted asset nominalized token that moves in real time to the penny of the underlying total market cap metric our TCAP Smart Contract is tracking. Each TCAP is algorithmically collateralized by a corresponding amount of ETH or DAI needed to appropriately back each token by 150%, thus creating price exposure to the entire cryptocurrency sector with the single push of a button.

CTX is a governance token that supports and secures the TCAP protocol developed by Cryptex. CTX holders can vote on protocol updates for the Total Crypto Market Cap Token, TCAP, as well as for all future products in the Cryptex ecosystem.