Buy Cryptex Finance (CTX)
What is Cryptex Finance?
Cryptex Finance is an Ethereum-based protocol that enables investors, traders, funds, and DeFi users to access the total crypto market capitalization through a synthetic asset known as TCAP (Total Crypto Market Cap Token). It facilitates a decentralised financial system where CTX tokens are used for governance, staking, and compensation in case of black swan events.
How does Cryptex Finance work?
Cryptex Finance operates on the Ethereum blockchain using a Proof of Stake (PoS) consensus mechanism. It leverages Ethereum’s smart contract capabilities to create TCAP, allowing users to track the total market cap of cryptocurrencies. CTX tokens serve governance purposes and provide compensation for under-collateralized events in the protocol.
What are the potential use cases for Cryptex Finance?
Cryptex Finance's use cases encompass DeFi applications like yield farming and decentralised exchanges, asset management for investment funds, and governance through CTX tokens. It can generate real-world applications in tracking cryptocurrency market capitalization and supporting decentralised platforms across industries such as finance and blockchain sectors.
What is the history of Cryptex Finance?
Founded by Joe Sticco and other contributors, Cryptex Finance began development in October 2018, launching formally on April 8th, 2021. It introduced TCAP and CTX governance tokens, expanded collateral options, and established a presence on major exchanges. The platform has continually innovated through releases like Vaults v2 and has embraced Layer 2 scaling solutions.
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Frequently Asked Questions (FAQs)
What is the current price of Cryptex Finance (CTX)?
The Cryptex Finance price is $4.1542 AUD, representing a -2.31% from the day prior.
Where is the best place to buy Cryptex Finance (CTX) in Australia?
The best place to buy Cryptex Finance (CTX) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Cryptex Finance (CTX) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Cryptex Finance (CTX)?
The trading volume of Cryptex Finance (CTX) is $358.1K AUD in the last 24hrs, representing a -2.31% from the day prior.
How can I buy Cryptex Finance (CTX)?
Cryptex Finance (CTX) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Cryptex Finance (CTX)?
The current market cap of Cryptex Finance (CTX) is $28.0M AUD.
Can I convert Cryptex Finance (CTX) to cash?
Yes - With Coinstash you can convert your Cryptex Finance (CTX) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Cryptex Finance (CTX) are there?
The current circulating supply of Cryptex Finance (CTX) is 6.9M.
Is Coinstash a safe place to buy Cryptex Finance (CTX) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Cryptex Finance (CTX) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.