Utility

Secure the Network

The primary utility of CTEXtoken is to secure the CTEX Chain network with using Delegate Proof-of-Stake system. In order to run CTEX Node and participate in securing the network, validator must hold 1,00,000 CTEX and voters have to lock up their CTEX to any validator node to increase node capacity. In exchange for participation, validator and voter both receive rewards in CTEXafter every transaction.

Network fees

CTEX is used to pay for network fees such as transaction fees, smart contract deployment and other networks activities. The fees on CTEX Chain network is extremely cheap compared to other blockchain networks. However, lower fees does not compromise network states as it sets limitations to suspicious activities via CTEX privacy protocol.

Payments

CTEX is ideal for cryptocurrency payments to enterprises and businesses all around the world. It offers very quick and low-cost transactions compared to other crypto payment options. As the network eligible to process 2608 transactions per second (TPS), depending on the number of validator nodes, CTEX Chain is high throughput and affordable blockchain network to every user.

Governance

As being native token, CTEX is used in CTEX on-chain governance. CTEX Chain is a fully decentralized network, hence any decision on the network is carried out by on-chain governance process. CTEX holders can propose and vote for changes and improvements by staking their tokens.