A step-by-step guide to the TCAP / Total Crypto Market Cap
<aside> 💡 TLDR: TCAP / Total Crypto Market Cap is a perpetual contract that allows users to trade the entire crypto market cap in a single mechanism.
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TCAP / Total Crypto Market Cap is a perpetual contract that allows users to trade the entire crypto market cap in a single mechanism.
For a token or project’s market cap to be included in this perpetual, it must be listed across several data providers in their calculations for Total Crypto Market Cap (CoinMarketCap, CoinGecko, etc.). A series of decentralized oracle validators then sign and verify the median value of Total Crypto Market Cap on chain.
TCAP / Total Crypto Market Cap utilizes Chainlink oracles to gather data from the top crypto data providers and Ethereum smart contracts to bring that data to the blockchain.
<aside> <img src="/icons/forward_green.svg" alt="/icons/forward_green.svg" width="40px" /> Total Crypto Market Cap notional value of component data within the price oracle = $1,180,000,000,000
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<aside> <img src="/icons/forward_blue.svg" alt="/icons/forward_blue.svg" width="40px" /> Total value = $1.18T/ 10B(divisor)= $118 TCAP / Total Crypto Market Cap
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<aside> <img src="/icons/forward_yellow.svg" alt="/icons/forward_yellow.svg" width="40px" /> The Total Market Price is obtained directly from a Chainlink oracle and updated on-chain every 0.5%
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There is a 0.15% taker fee and a 0.15% maker fee applied to all transactions. 100% of these fees go to the Cryptex Finance DAO which is governed by CTX and controlled by the community.
TCAP / Total Crypto Market Cap is tradable on the Cryptex.Finance dApp on Arbitrum. Trading is not available in any restricted jurisdiction.