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Crypex Token is an innovative token designed to be a highly secure store of value that can be easily staked to earn interest. Like bonds, certificates of deposit, and time deposit bank accounts, longer stakes provide higher yields. CRYPEX Token is an BEP-20 compliant smart contract designed for deployment on the Binance Smart Chain. CRYPEX is a decentralized, fairly launched, automatically liquid, trustlessly exchangeable, interest-bearing, bond-like token.
The core purpose of the CRYPEX token — staking — is similar to both bonds and CDs (certificates of deposit): rewarding the holder with earned interest in exchange for locking up their funds for a period of time.
CRYPEX incorporates some of the features from both of these traditional instruments but improves greatly upon them. CDs tend to be lower risk, lower return, and only pay out interest on their maturity date. Bonds tend to be somewhat higher risk, higher return, and pay out interest regularly on a set schedule (typically every six months).
CRYPEX is most similar to a bond, in that it earns relatively high interest, but allows users to withdraw it whenever they want.