ETH/CTX Incentivized Pool is Now Live
CTX governance token is now live on Sushiswap. CTX starts with powering TCAP, The World's First Total Crypto Market Cap Token. It grows to power an entire ecosystem of collateralized, data aggregated, decentralized solutions.
Happy farming.
Treasury
Oversees the success of the platform. The DAO/treasury has the ability to change or update any of the system parameters. The treasury also controls the CTX reserves which can be deployed to fulfill protocol operations such as — protocol development and tooling, community incentives, future liquidity pool incentives, etc.
Initial Protocol Incentives
500,000 early adopter CTX governance tokens were rewarded across two vaults:
- ETH Vault 250,000 CTX (Ending 4/22/21)
- DAI Vault 250,000 CTX (Ending 4/22/21)
Liquidity Provider Rewards
The total amount of CTX for the initial 6 month liquidity provider rewards is 20% of the protocol or 2,000,000 CTX. Assuming approximately 6500 Ethereum blocks per day over 6 months (1,170,000 blocks), this would result in 1.7094 CTX issued per block. The 2,000,000 CTX is ongoing and will be rewarded across four pools:
- ETH/TCAP Pool 500,000 CTX (Started 4/8/21)
- ETH/CTX Pool 500,000 CTX (Starting today 4/21/21)
- DAI/TCAP Pool 500,000 CTX (Starting soon, we will make the announcement on Discord and Reddit)
- Additional Pool 500,000 CTX (Starting soon, we will make the announcement on Discord and Reddit)
Any Initial Protocol Incentives are distributed via CTX Rewards Issuance & Vesting.
Founders
CTX governance tokens allocated to the Founders are distributed via a multi-year vesting contract. This contract vests over a 3 year period with a 1 year cliff representing 0–12 months.
Protocol Advisors
Don Ho, Co-Founder and Managing Director, Quantstamp. Don is an investor and entrepreneur with global perspectives and crossfunctional experiences supporting investments, product, and growth. Don previously worked at IDG Ventures and PNP Ventures where he helped launch Nexla, Ayasdi, and the Los Angeles Football Club.
Zak Cole, Co-Founder and CTO, Slingshot. Zak serves as technical advisor to several blockchain related companies such as DeFi Pulse and the Syscoin foundation. Previously Zak founded Whiteblock, which specialized in blockchain protocol testing, research and development.
Our advisors will be rewarded with combined 0.5% CTX governance tokens (25,000 CTX each) in accordance with our initial CTX rewards allocation schedule found above. Advisors are subject to the same vesting contract as the Cryptex team.
We have not solicited funds from our advisors in the creation of this protocol. Future advisors to the protocol must be proposed and voted on by holders of CTX governance tokens.
Cryptex Links
You can view our website, learn more about CTX & TCAP and get involved in our community by visiting:
· Website https://cryptex.finance
· Discord https://discord.com/invite/p3FSPxAxcm
· Reddit https://www.reddit.com/r/TotalCryptoMarketCap
· Twitter https://twitter.com/cryptexfinance
· Telegram https://t.me/totalcryptomarketcap
· Medium https://medium.com/cryptexfinance
Disclaimer
Any views expressed in this post represent the sole analysis of Cryptex, (“Cryptex”) whose opinions are based solely on publicly available information. No representation or warranty, express or implied, is made as to the accuracy or completeness of any information contained herein. Cryptex expressly disclaims any and all liability based, in whole or in part, on such information, any errors therein or omissions therefrom. Cryptex also reserves the right to modify or change its views or conclusions at any time in the future without notice. Cryptex is an open-source, decentralized protocol. Cryptex is NOT an ICO. No pre-sale has been solicited. The information contained in this post DOES NOT recommend the use of any Cryptex token, nor is it an offer to sell, a solicitation, or an offer to buy any Cryptex tokenized asset. Furthermore, CTX token rewards governing the Cryptex protocol are granted to system providers with a value of ZERO. Always do your own research. The information contained in this post is not intended to be, nor should it be construed or used as, investment advice. No representation, recommendation, or warranty, express or implied, is made as to the future performance or functionality of any Cryptex token. Any unaffiliated use of this document, or the contents herein, is strictly prohibited without the prior written consent of Cryptex.
CRYPTEX IS A FAIR LAUNCH PROTOCOL
CRYPTEX IS A DECENTRALIZED AUTONOMOUS ORGANIZATION (DAO)
CTX GOVERNANCE TOKENS ARE REWARDED AT A VALUE OF $0 AND NEVER SOLD TO THE PUBLIC BY CRYPTEX
NO ICO
NO PUBLIC INVESTORS WERE SOLICITED FOR THE CREATION OF THIS PROTOCOL
NO VC MONEY
ALWAYS DO YOUR OWN RESEARCH, NOT FINANCIAL ADVICE
