TCAP gives holders real-time price exposure to total cryptocurrency market cap. It's a new, 200% fully backed, fully collateralized asset that’s both audited and accurately representative of the entire cryptocurrency complex by total market capitalization.
TCAP is for users that want to speculate in the total cryptocurrency market by buying a token that is the representation of the entire market. It’s also for DeFi users that want to earn fees by minting TCAP tokens and adding liquidity on decentralized exchanges or taking advantage of arbitrage opportunities.
TCAP uses Developer Keys to pause deposits and minting in case of a bug to protect users, this can only be activated once per vault. To change protocol parameters a governance token CTX is used in combination with a Timelock contract.
TCAP is available to be minted on the Cryptex app, or traded on Sushiswap. TCAP is also available on Gemini for custody.