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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

As part of the conversion the Total Supply will increase ~49M (19.75%) from 250,000,000 SYN to 299,380,000 SYN immediately. There was no immediate change in the Circulating Supply. The conversion ratio for SYN to CX is 1:5.5.

As part of the conversion, the Total Supply of CX is thus 1,646,590,000 CX. This reflects the above increase in the SYN total supply (299,380,000 * 5.5). There was no immediate change in the Circulating Supply. The additional ~271M CX supply (~49M*5.5) is vested over 4 years with a one year cliff (inflation rate of 4.9%).

Of the 271M CX total supply increase:

66.6% (181,060,000 CX) of the allocation increase is delegated to the team (token grants to current and future contributors). This is vested over 4 years with a one year cliff.

33.3% (90,530,000 CX) of the allocation increase is delegated to Ecosystem & Growth. This is allocated for marketing efforts, grants for builders, security (audits), and other growth initiatives (like trading competitions etc.). This is vested over 4 years with a one year cliff.

The exact numbers are found below.

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 one year cliff (updated from 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 one year cliff (updated from six month cliff)

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

Liquidity

Liquidity for the $CX token can be found here:

VenueLink
Aerodromehttps://aerodrome.finance/swap↗
Raydiumhttps://raydium.io/swap/ ↗