Token Upgrade FAQ
Contract Addresses and Liquidity
| Chain | Address |
|---|---|
| Arbitrum | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Avalanche | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Base | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| BSC | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Ethereum | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Optimism | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Polygon | 0x000000000000012DeF132E61759048bE5b5C6033 ↗ |
| Solana | CortexFv3fRcLKTgACr7aLqckGh5eP7TP3z9JHoKqMc6 ↗ |
What is the $CX token?
The $CX token serves to decentralise the Cortex Protocol. As the ecosystem matures, every component of it will decentralise. There are 2 functions to the $CX token:
- Staking: For permissionless agent deployments, $CX is staked to ensure alignment of the agent and their stated objectives
- Agent Gas: In the future, agent usage and fees will be paid in $CX.
The CX token is also the native governance token for all Synapse and Cortex related contracts and protocol operations. Cortex can be bridged here
How can $SYN holders receive $CX?
$SYN to $CX conversion portal is live here - cortexprotocol.com/agents/convert
Will I receive $CX if I’m holding $SYN on a centralised exchange?
Yes! You can always withdraw and upgrade your $SYN to $CX on the portal. Alternatively, we are coordinating with all CEXs to upgrade the token on behalf of users.
What is the ratio of $SYN to $CX and what are $CX's tokenomics?
Each SYN will be upgraded to 5.5 $CX, full tokenomics are available here.
What is the migration process?
February 11th 2025 to May 11th 2025: A two way migration portal between $SYN and $CX is live this is the coordinated period for CEXs and custodians to upgrade the token.
May 11th 2025 to February 11th 2026: All liquidity sources on and off-chain will be switched to $CX. The Migration portal will only support upgrading from $SYN to $CX.
Throughout the overall process and regardless of venue or when it is done, 1 SYN = 5.5 CX.
Where can I find the smart contracts for the migration?
What does the $CX token do?
The $CX token will combine all the utility of the existing $SYN token as well as all its utility for Cortex Protocol.
$CX Utility:
- Staking for permissionless agent deployments
- Agent gas payments, $CX is the native token for AI agent usage
- Governance over existing Synapse and new Cortex protocol and contracts
- *Future use as the staking token for relayers on Synapse Intents Network(SIN)
Are the $CX tokenomics and total supply the same as $SYN?
No. Directly upon $SYN -> $CX conversion there is no dilution or change in total supply. Over the next four years Cortex will see a 4.9% annual inflation rate.
Assuming all eligible SYN holders claim.
In reality, the effective inflation rate will likely be lower due to:
- Some holders may not claim within the claiming window
- Any unclaimed tokens are effectively removed from the total supply
Any $SYN held by the Synapse DAO will not be converted to $CX. The only exception to this is SYN/ETH POL, which will be migrated to the new CX/SOL and CX/ETH liquidty pools. All new tokens introduced are pre-allocated in the tokenomics, which align incentives and help drive overall growth in the Cortex Ecosystem.
To calculate the inflation rate: The total CX supply is 1,646,590,000 tokens. Since each SYN converts to 5.5 CX, if we converted all CX tokens back to SYN, we’d have 299,380,000 ‘SYN equivalent’ tokens. This represents a 19.75% total increase in supply over the next four years.