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CX Token

The $CX token serves as the backbone to decentralise the Cortex Protocol. As the ecosystem matures, every component of it will decentralise. There are currently two main functions to the $CX token:

  1. Staking: For permissionless agent deployments, $CX is staked to ensure alignment of the agent and their stated objectives.
  2. Agent Gas: In the future, agent usage and fees will be paid in $CX, making $CX the utility token for AI agents
  3. Gated-Access: The Cortex Trading agent will start in a staged rollout of features tiered for $CX holders

Future potential functions can be introduced through governance.

The CX token is also the native governance token for all Synapse and Cortex related contracts and protocol operations

CX Tokenomics

CX Token Allocation Distribution
Figure 1: CX Token Distribution

  1. Synapse Community (73.5%):

    • Allocated to all $SYN holders
    • More information around $CX can be found here

  2. Core contributors (17.7%):

    • Allocated to current and future contributors of Cortex Protocol
    • Tokens vest over four years with a six month cliff

  3. Ecosystem & Growth (8.8%):

    • Allocated for marketing efforts, grants for builders, security, and other growth initiatives
    • Managed by Cortex Labs
    • Tokens vest over four years with a six month cliff

The total supply of $CX is 1,646,590,000.