Ctex Token (CTEX)

The CTEX token is the native currency of the Ctex blockchain and platform, just like ETH on Ethereum.

CTEX utility:

• Transaction fees Being the native currency on the Ctex blockchain, CTEX is required to pay fees to the network in order to approve transactions.

• Validation Token holders can stake Ctex to become a validator. The minimal staking requirement is 100k. The network is growing, currently there are 60 validators. (https://status.ctexscan.com/)

• Voting Validators vote on protocol changes with their staked CTEX. Which means validators with higher amounts of Ctex staked can have a bigger vote on network upgrades and governance changes (until phase 2 where delegation is activated)

• Staking (for delegators) Any CTEX holder can choose one or more validators to delegate any amount of CTEX they wish. They receive a share of the Ctex block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).

• Payments As CTEX is the native currency on Ctex, sending it does not require interactions with smart contracts. Thus, CTEX transfers are potentially faster and less costly in terms of transaction fees.

IMPORTANT: Merely possessing any amount of CTEX tokens does not endow holders with any rights to participate in the governance of the Ctex platform or any revenue streams related to its real-world performance.

Obtaining CTEX

Where to Buy

CTEX is available for purchase on a number of centralized (CEX) and decentralized DEX exchanges.

Centralized exchanges: Gate.io, Huobi Global, MEXC Global, AscendEX, Bimart, Bittrex Global

DEXes: Uniswap V2 and V3 (Ethereum), PancakeSwap (Binance Smart Chain), Quickswap (Polygon), Voltage DEX (Ctex), Sushiswap (Ctex), 1inch (Ethereum), KyberSwap (Ethereum), Loopring (Ethereum).

The best information about the CTEX trading volumes and prices on various exchanges can be found on the Coingecko "Markets" page for the token.

A convenient current way of purchasing CTEX straight from one's bank account is through using the Ctex Cash wallet to deposit Ctex Dollars, and then swapping those to CTEX via the in-app integration with Voltage DEX.

Where to Farm

At the moment, the CTEX token is sometimes used by the project team to power liquidity rewards (yield farming) programs to boost liquidity on DEXes and the participation in the Ctex Lending Network.

The ongoing liquidity rewards programs on DEXes can be discovered here.

Other ways of obtaining CTEX

From time to time, the Ctex team uses CTEX to pay rewards to the members of the community for various forms of participation and community engagement. The best way to stay up-to-date about these opportunities is to follow Ctex's social channels.

The CTEX token is also used to power Ctex grants and bounties. Please consult the Grants and Bounties section for more details.

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