Cryptex
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Cryptex

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Cryptex is a DAO who aims to release financial products which make investing easy and accessible.
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Quality Check:

βœ… Audited

βœ… Active community

βœ… Active team

βœ… Decentralized, DAO.

Community Links:

πŸ‘‰ CTX website

πŸ‘‰ CTX twitter

πŸ‘‰ CTX token

πŸ‘‰ CTX Docs

What Is Cryptex? πŸ€”

  • A decentralized organization, governed by the $CTX coin.
  • An organization who aims to release financial products which make investing easy and accessible.

What is $CTX & $TCAP? πŸ‘€

  • $CTX = coin which is voting power in the Cryptex organization
  • $TCAP = Cryptex’s 1st financial product. $TCAP is a coin who’s price follows the total cryptocurrency market cap. (ex: If total market cap is $1.5 trillion, $TCAP = $150)

Why Mint $TCAP πŸ€”

πŸ‘‰Β Use your crypto investments to bet on the future growth of the overall crypto market.

  1. Deposit $ETH as collateral
  2. Mint new $TCAP coins.
  3. This creates a loan / debt position for you.
  4. If $TCAP grows = you can sell and realize profits
  5. If $TCAP falls = you can lose $
  6. Either way, you need to managed your collateral so you don’t get liquidated
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Why Buy $TCAP πŸ€”

πŸ‘‰Β Bet outright on the future growth of the overall crypto market.

  • You can buy $TCAP on an exchange like SushiSwap

How Does It Work?

  • All $TCAP in circulation was created by someone minting it.
  • To mint $TCAP, these people put down $ETH as collateral to do so.
  • Therefore, $TCAP is backed by real assets.
  • $TCAP is pegged to track the overall cryptocurrency market cap.

What Are The Risks Of Using Cryptex?

  • Smart contract risk, bugs and exploits are always a possibility.
  • $TCAP losing its peg for moments / days is also possible