Cryptex is dedicated to creating new open-source financial applications for the worldwide Crypto community. By leveraging Ethereum’s smart contract capabilities, Cryptex can develop decentralized financial tools including Total Market Cap Token and many other products. With real-world data available on the Ethereum blockchain and collateralized support used for minting tokens, these types of offerings weren’t achievable before without relying on a centralized custodian or administrator. Cryptex now lays the groundwork for decentralized financial products that go beyond exposure to only BTC, ETH, and other DeFi tokens.

To gain exposure to the Total Market Cap across all cryptocurrency projects, TCAP needs real-world information sourced from multiple origins on Ethereum. For decentralized financial products, retrieving worldwide blockchain data is a challenging task. Chainlink helps Cryptex pull together multiple external data points inside Ethereum smart contracts. Through a trust-minimized oracle approach, TCAP can reduce reliance on Cryptex and provide a more trustless financial experience.

CTX is the governance token that supports and helps secure the Cryptex protocol. CTX holders can participate in votes on protocol upgrades for TCAP as well as on every new product planned for the Cryptex ecosystem.