1. Project Description
Capx is an advanced token distribution infrastructure that aims to help crypto projects realize the full potential of their tokens before they go public. By issuing IOU tokens before the official token launch, Capx empowers projects to build and maintain early engagement, reward alignment, and a solid foundation for project growth.
The problem with the current market: Token distribution is critical to the success of any crypto project. However, many project founders underestimate the power of tokens in the early stages of development and focus more on technical aspects and market fit. As a result, they often miss out on the potential of token creation to align incentives and drive early participation.
How Capx solves this problem: Capx solves this problem by enabling projects to issue IOU tokens before the actual token launch. IOU tokens represent a project's promise to deliver tokens at launch. By distributing these IOU tokens to early users and adopters, projects can incentivize them to engage with the platform, provide feedback, and contribute to the project's growth. This early engagement not only drives awareness and adoption of the project, but also helps build a loyal community.
Capx's advantages summary:
Incentive Alignment: By distributing IOU tokens, projects can incentivize early users and adopters to actively participate in the platform and contribute to its success.
Leading to Engagement: IOU tokens help create buzz around the project and lead to user interest, resulting in a higher likelihood of success when the token is launched.
Simplified token swaps: Capx provides a seamless token swap mechanism that allows users to exchange their IOU tokens for project tokens after the project is launched.
Flexibility and control: Projects can customize the parameters and distribution strategies of IOU tokens to suit their needs and goals.
Enhanced visibility of projects: By leveraging the power of tokens at an early stage, projects can gain more exposure and attract more investors and users.
Official website: https://www.capx.fi/
Dapp link: https://app.capx.fi/
Twitter: https://twitter.com/capxfi
Team situation
Founder HB is from India. He has worked on multiple blockchain Defi projects and has extensive experience in the Cosmos Defi ecosystem. Founder Twitter: https://twitter.com/HBxCapx
History Project @persistenceone @comdexofficial @cosmosindia_
Financing
No financing information was found. Capx participated in the CoinList seed project in the fall of 2022 and was finally shortlisted.
Source: https://www.beastfin.com/news/15191
2. Product Content
Capx App
Capx App is a gamified social learning app. Capx App provides early community members with an opportunity to effectively become active within different communities, learn the basics of DeFi, blockchain, and investing with other community members, and become healthy contributors to the project and its DApps. All while earning a variety of different project IOUs.
IOU Tokens
IOU tokens provide projects with the ability to distribute and reward their early community members in the form of IOU tokens, i.e. skin-in-the-game incentives. These tokens are not backed by project tokens but have a predetermined value relative to project tokens. IOU tokens are on-chain tokens that are redeemable for project tokens when they are launched. Therefore, they act as a tangible on-chain reward that enables early contributors and participants to gain more benefits in the project by investing their time, effort, and reputation rather than the size of the investment amount.
IOUs themselves are issued by projects on the Capx App and are non-transferable and non-tradable. Users will earn IOUs based on the work they do for the protocol and receive it directly in their wallets. These IOUs will be converted into actual tokens after issuance.
dApps can use IOU tokens to mimic the functionality of actual tokens - encouraging participation and rewarding early adopters who use and engage with the product. IOU tokens are an effective way for projects to design ideal human behavior and bootstrap the network through alignment of incentives.
Steps for usage
Step 1: Enter the user's basic details to set up the user's admin profile.
Step 2: Enter the details of the user community space.
Step 3: Connect the user's community space administrator address.
Step 4: Generate the user's IOU tokens, in this step the user defines the name and other important details such as the maximum supply and the code IOU. The token supply can be increased later by managing the user's community space options.
The product interface is similar to task platforms such as QuestN, with different task types. The main difference is that the project parties that register and publish are not the traditional project parties, but more of a community. The community assists in governance through IOU tokens, and in the future IOU tokens can map to new tokens of the community project.
Users can customize their tasks by using Capx's conditions, setting the order from easy to difficult so that users are not overwhelmed by various options when they first arrive. The platform also allows users to set eligibility criteria for each task, which users need to meet in order to start the task.
The following are the currently available eligibility criteria
Minimum balance of tokens (IOU, project tokens, xCapx tokens)
Social media account binding (Twitter, Discord)
Task Type
Connecting Social: Connecting social accounts refers to guiding users to link their Web2 accounts as part of the user's task.
Invite Friends : Invite Friends means letting users recommend their friends to participate in the task. Users can track their progress through their dashboard
Twitter: The Capx application supports the following types of Twitter actions: follow on Twitter, retweet on Twitter, quote tweet using a hashtag, or like/comment on a post.
Hold Tokens: This operation is to verify the token assets held by the user. Capx App supports this action on both EVM and NON-EVM chains. This operation is applicable to ERC20, ERC721 and ERC1155.
Interaction with smart contracts: This action is to verify the user’s on-chain interaction with a certain contract (transfer, exchange, etc.).
Secret Code: Secret Code actions are a unique action type that requires the user to enter a secret code that the user can share via a social network, or hidden in a puzzle game, etc.
Visit Website/Blog: Award entries to users who visit a website, blog, or user-defined URL.
Watch Videos: Reward users who watch videos of your project (can be tutorials, updates, etc.).
Discord: Capx app supports multiple discord actions, such as: join a discussion board and apply for a role, join an AMA, send a message to a specific channel.
Quiz: Collect answers to any specific questions that the user wants answered in the task. This could be a general informational question, or something specific to the user's site/app/channel.
Telegram: Capx app supports three types of Telegram actions: Join Telegram group, Join Telegram channel, Do AMA on Telegram.
Feedback: Provide reward entries to users who complete tasks.
Community Space Dashboard Management Token Backend Interface Reference
3. Overview of another section Capx Liquid (launched in February last year, not currently the main project)
Capx Liquid is a decentralized platform that allows project teams, investors, and other vesting token holders to vest tokens using a "smart vesting contract". The contract holds ERC-20 tokens (Vested Tokens) for a specific period of time and provides them with a wrapped ERC-20 token (Wrapped Vested Token) whose value is derived from the Vested Token.
Vesting tokens gives investors confidence that you will not sell tokens on the project market, that you will receive funds from them and ensure that liquidity is not "pulled". When anyone vests tokens using Capx Liquid, the platform publishes the grant details and project information in an easy to read format, providing confidence and security to investors and project owners.
As of now, the Capx Liquid platform is 100% free for all projects, which means there is no limit to the number of tokens that can be awarded for free.
Capx Liquid is a protocol that facilitates the creation of wrapped vestings that can be traded on secondary markets and eliminates the threat of scams in the OTC market. The protocol is an open standard and a common building block for any developer who needs vesting functionality. Developers can integrate with Capx Liquid at the smart contract or application layer.
Capx Liquid uses a modular system of Ethereum smart contracts.
contract
The Capx Liquid contract contains most of the transaction logs.
Main Contract
The main contract is the contract that the user or decentralized application (Dapp) interacts with. This contract is responsible for calling the Liquid controller and the Vesting Lock controller to create a vesting lock based on the input provided by the user.
Controller Contract
It will enable multiple parties to reach a smart contract agreement and set specific payment parameters, i.e. the vesting schedule for the project. It is responsible for minting and burning WVTs corresponding to the various vesting times of the project while maintaining the lockup of the project's tokens. Each WVT is an ERC-20 token. Only the controller can mint and burn WVTs corresponding to a project.
Vesting Lock Contract
The vesting lock contract is responsible for creating a vesting lock, that is, locking the project tokens, and returning the project tokens once the vesting time has passed.
Factory Contract
Recent Ethereum network load has caused teams large and small to rethink and optimize their robustness and contract deployment architectures.
The factory contract uses EIP-1167 minimal proxy to deploy a minimal standalone contract that inherits all the logic of a more important deployed contract (in our case, an ERC-20 smart contract). It creates ERC-20 token clones (WVTs) from a model ERC-20 smart contract.
Model ERC20 contract
A model ERC20 token contract that keeps track of fungible tokens. No token has special rights or behaviors associated with it. Makes it useful for things like medium of exchange currency, voting rights, staking, etc. Serves as a model contract for factory contracts, used to create clones.
Official website: https://liquid.capx.fi/
Share on Twitter: https://twitter.com/capxfi
Remark:
Capx originally planned to make a Layer2 called Supernet, but there is no relevant information about it at present, and it is not closely related to the previous Capx Liquid. Capx Liquid did not issue tokens in the end. Currently, the website can be logged in to publish the project's own token vesting terms (token vesting), which helps the project better manage linear unlocking and release of tokens. It is a third-party auxiliary token vesting and unlocking tool. There is no other use, and the website does not link to the social media and official website of the current community task platform.
Original PDF link: https://uploads-ssl.webflow.com/641973feb2e64211c0d2520f/641c131613ab6e04f84a0136_Capx%20Tokenomics%20Paper%20v1.0.pdf
4. Project Summary
The community versions of task platforms such as Galaxy, Ancient8, and QuestN, the reward platform currency IOU circulated in them is not transferable and cannot be traded, and is more like an on-chain certificate that can be mapped to real tokens in the future. Capx as a whole does not have much highlights. The project direction started in February last year has not been continued, and Layer2 should also be suspended. At present, Founder is fully committed to this community version reward website, which belongs to the sub-track of traffic aggregation and community incentive platform. There is no token at present, and it may be realized/raised in the future by gathering traffic. The sorting logic in the white paper is confusing, and the product display on the official website is complicated by putting the old and new together; most of the paragraphs in Mirror are narrative paragraphs, such as explaining the ideals of web3, the difference between tokens and stocks, etc., without any substantial content.
