The Crypto Banking Alliance has created a utility token called Crypto Perx, or CPRX to help further the Alliance’s stated mission to promote the safe and seamless application and adoption of cryptocurrency technologies as a core component of the future of banking platforms. The Alliance will grant CRPX allotments to partner firms based on their intended utility and therefore the potential to further the Alliance’s mission. Over time, CPRX will also serve as the governance token for the Alliance to determine future grants, giving CPRX holders the ability to take part in shaping the Alliance’s strategy and direction.

CPRX is an Ethereum, ERC-20 based utility token. A fixed float of 3 Billion CPRX will be minted upfront. There will be no pre-sale of CPRX by the Alliance or its partner firms. CPRX may support other blockchains in the future and ultimately may move to its own blockchain if necessary.

**Who are the creators of Crypto Perx?**
The Crypto Banking Alliance created Crypto Perx as a means of rewarding partner firms, both for profit and non-profit alike, for helping to spur the adoption of crypto banking systems and decentralized finance.

The Alliance will grant token allotments of CPRX depending upon their intended application, utility and potential for adoption to grant applicants. Over time CPRX will also serve as a governance token for The Alliance to decide on future grants giving early CPRX holders a voice in the future of The Alliance.

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