CryptEx (CRX) is a platform that developed security toolkits to protect projects and funds in a decentralized finance (DeFi) space. According to the document of the asset, the crypto market is growing, launching new projects on the blockchain every day. However, scams, team abuse, and rug pull continue to stand out as pressing issues. Rug pulls occur when developers abandon a project and go missing with all the gathered funds. In order to counter this issue, developers claim to secure the crypto assets by locking the liquidity of projects. Teams also envision creating smart contracts to secure the trading of crypto assets quickly and hassle-free. CryptEx aims to provide the necessary security tools for project owners and users. The platform intends to eliminate the risks plaguing the crypto market and transform DeFi into a secure and reliable trading space for users.
CryptEx includes an array of products to assist clients in processes like the creation of tokens, unlocking of liquidity, and team vesting. For example, CryptEx features an LP (liquidity provider) locker or a tool that stores and locks the liquidity for a specific duration. The platform uses audited smart contracts to lock the LP tokens. CryptEx spares taking custody of the user’s cryptocurrencies and does not have access to the LP tokens. The platform claims that the locker can better protect the pooled crypto assets, making liquidity safer from dumps.
The platform practices vesting of team tokens to enable seamless release of tokens in small portions. Team tokens refer to cryptocurrencies set aside for development purposes, payments, rewards, marketing, and other endeavors. CryptEx uses vesting or an automatic system that releases the tokens in portions on a specific date and time. By doing this, users can prepare for a token release and manage their funds well.
CryptEx features a smart-contract constructor that encourages users to create ERC-20 or BEP-20 tokens by employing an easy no-code solution. BEP-20 refers to a token standard on the Binance Smart Chain (BSC) and an extension of the ERC-20 tokens. The token constructor enables users to design a secure project paired with an audit. Users can lock their tokens right away for enhanced security. CryptEx provides users with a unique NFT collection known as “Super Puppy.”
The official token of CryptEx is CRX, a BEP-20 token operating on the Binance Smart Chain (BSC). CRX allows users to enjoy access to exclusive CryptEx products. Users can stake the tokens to earn more CRX as rewards.
