Crux Finance Litepaper
Overview
Crux Finance aims to attract new users to powerfully expressive blockchains by providing an intuitive, visually appealing, and user-friendly platform that offers access to bustling ecosystems using a single interface. An aspect imperative to wider adoption is simplicity. This ethos rests at the forefront of the overarching goal of Crux Finance.
Features
Portfolio Manager:
Our Portfolio Tracking Portal aims to offer a summary of all open positions for any wallets or addresses an investor would like to track. Navigating to the “Open Positions” tab, you’ll find a list of all assets associated with your selected wallet(s) and address(es) organized in an easily digestible manner. With customizable settings that enable a variety of relevant trade-related information to be clearly displayed according to your personal preferences.
Accounting tools:
Meticulous accounting is essential for users to remain tax-compliant. Unfortunately, most ecosystems currently lack accessible options for effective accounting, leading to a nightmare of untangling trading histories and tracking profits and losses. Crux Finance will simplify this process by providing users with easy profit and loss tracking and report generation for any number of wallets.
Charting Package:
Charts offer several benefits to investors, including a visual representation of an underlying asset’s price movements over a period of time. This allows one to easily track the underlying asset’s performance. Charts can also provide investors with valuable information that enables technical analysis.
Milestones
Funds will be raised for each phase independently and only after the completion of the previous milestone.
Milestone one:
- Deliver a charting package and Portfolio Management platform.
- Provide a UI for simplifying one’s accounting process (v.1).
Milestone two:
- Release the dApp portal, providing access to available Defi on a single platform.
- Launch the notification service.
- Upgrading the pre-existing toolset for accounting and tax filing to v.2.
Platform expansion
After successfully delivering on milestones one and two, focus will shift to researching optimal platform expansion. The platform expansion allocation is intended to be utilized following this research stage to make further improvements with integrations such as multi-chain asset support.
Business Model
A subscription-based business model is fitting for this platform design. With significant discounts to users who opt to pay their subscription dues using our native token and those willing to commit to longer subscription periods. The fee schedule will be denominated in Stablecoin.
Market Analysis
The Ergo Ecosystem at a Glance
At present, the Ergo ecosystem offers a plethora of unique dApps and tools. The open source ethos and community development have provided a huge trove of code to learn from and build exciting new dApps and protocols. Unfortunately, many of these tools lack quality frontends, documentation, or accessible UX to get up and running with the applications.
User Base
Crux Finance seeks to serve a wide user base in the cryptocurrency DeFi industry. By simplifying the DeFi experience. Crux will onboard New Users in hopes of accelerating the growth and adoption of numerous open-source protocols. For average and power users already familiar with or proficient in DeFi, Crux will not merely provide a factor of convenience but rather a chance to accelerate one’s process of identifying opportunities by providing a new set of analytics tools.
Introduction to Token Utility
The Crux token’s central utility is to serve as the platform’s primary payment option. Discounts will be granted to subscribers who opt to pay dues using Crux. Paying subscription dues using the Crux token will award subscribers a 30% discount.
Liquidity
After each contribution phase, 10% of the total amount raised will be committed to liquidity. The initial Crux token liquidity pool will be created on November 1st. To aid in liquidity growth, users who commit to staking their LP tokens will begin accruing rewards from the liquidity incentives earmarked in the tokenomics.
Roadmap
