Index Fund Tokens – What They Are and How Do They Work

What is TCAP?

For cryptocurrency investors, traders, funds, DeFi users, and insitutions, TCAP is an ERC-20 compatible smart contract that tokenizes real-time Total Market Capitalization from all cryptocurrencies and tokens listed on the most reputable crypto data providers in the world.

Combining blockchain technology with the process of data aggregation, raw market capitalization data can be brought to market via crosscollateralized, asset nominal tokenization. Asset nominal tokenization starts with the process of taking a data metric, such as Total Market Capitalization. This metric is then set to a divisor of 10,000,000,000. The new, nominal asset token value now trades in lockstep with the underlying data metric it tracks.

Collateralizing the new smart contract against multiple assets like ETH or DAI provides the security that this new tokenized asset is backed by a set of rules and collateral enforced by an Ethereum smart contract, thereby tokenizing total market capitalization.

For example, if the total crypto market cap resides at 350 billion dollars. We then add a divisor to that number, just like the S&P 500 or any major financial index would. The price calculation for TCAP is as follows:

cc = $350,000,000,000

dd = 10,000,000,000

rr = \frac{c}{d} 
d
c
​	
  = $35.00

Where cc is the total cryptocurrency market cap, dd is the divisor and rr is the TCAP token price.

TCAPs are then minted upon being collateralized by an underlying asset, such as ETH or DAI. What the user receives in return is a newly minted asset nominalized token that moves in real time to the penny of the underlying total market cap metric our TCAP Smart Contract is tracking. Each TCAP is algorithmically collateralized by a corresponding amount of ETH/ or DAI needed to appropriately back each token by >200%, thus creating price exposure to the entire cryptocurrency sector with the single push of a button.

How to Use TCAP?

Mint TCAP: https://app.cryptex.finance/

Trade TCAP: https://app.sushi.com/pair/0xa87e2c5d5964955242989b954474ff2eb08dd2f5

Earn rewards for minting TCAP & providing liquidity to TCAP pairs on SushiSwap: https://medium.com/cryptexfinance/introducing-ctx-governance-powering-the-tcap-protocol-c1b32ce084bc

Who created TCAP?

A lifelong trader and investment manager, Joe Sticco brings immense knowledge of traditional market structure to the project. He founded Cryptex Finance with the vision of combining Wall Street with world class blockchain development in building state of the art investment solutions for tomorrow.

Preston Van Loon is CEO and co-founder of Prysmatic Labs and leads a team of dedicated blockchain developers in building critical layer one scaling solutions for Ethereum 2.0. Since January 2018, Preston and team have received nearly $2MM in grant funding to pursue these efforts from the Ethereum Foundation, Vitalik Buterin, Ethereum Community Fund, and many other community members.

Thomas Matzner has led planning, branding and marketing initiatives at world class companies and startups. He has taken high volume and celebrity endorsed products from concept to launch with an omnichannel strategy. Thomas' passion is building brands with bold visions of leaving a legacy.

Cristian Espinoza, Smart Contract Developer certified by ConsenSys, Coffee Lover & Prev. Devcon Scholar at Ethereum Foundation. Leader of the Honduras Ethereum Community.

What makes TCAP unique?

While referenced and quoted every day by millions of people within the investment community as one of the key metrics measuring the expansions and declines transpiring in the space, Total Cryptocurrency Market Capitalization has no means or ability to be minted in real-time form, until now.

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