Cryptex is a DAO who aims to release financial products which make investing easy and accessible.
✅ Active community
✅ Active team
✅ Decentralized, DAO.
What Is Cryptex? 🤔
- 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? 👀
- $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 🤔
👉 Use your crypto investments to bet on the future growth of the overall crypto market.
- Deposit $ETH as collateral
- Mint new $TCAP coins.
- This creates a loan / debt position for you.
- If $TCAP grows = you can sell and realize profits
- If $TCAP falls = you can lose $
- Either way, you need to managed your collateral so you don’t get liquidated
Why Buy $TCAP 🤔
👉 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