Defi project Cryptex plans to launch mainnet token TCAP in the first quarter of 2021

Defi project Cryptex, which is led by Ethereum 2.0 developers and Prysmatic Labs founders Preston Van Loon and Joe Sticco, plans to launch mainnet token TCAP this quarter.

The company has recruited 500 users for its test network, including some liquidity providers in the US. In a sense, Cryptex is committed to providing exposure to multiple crypto assets through the use of a single product. TCAP currently captures the value of over 2,000 tokens.

Cryptex says it captures token price data from the Chainlink predictor to ensure its products are decentralized. With these predictors, Cryptex is able to aggregate data from multiple data providers into a single smart contract. In the future, Cryptex plans to launch a series of tokens related to Bitcoin market dominance, 24-hour trading volume, ETH computing power and ETH gas.

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