Rethinking CDX Distribution
CDX is taking the path less traveled in token distribution. Instead of the typical low-float, high-FDV model that has struggled in recent market conditions, we’re flipping the script — high float, low-FDV, giving the market what it needs to efficiently distribute CDX from day one.
A key change: all migrated tokens will be 100% unlocked at TGE. There will be no vesting schedules or lockups. This means tokens can flow freely to those who want exposure without the typical overhang of vesting schedules. The only exception is for external contributors, who will have specific vesting terms.
The Numbers
Here’s how the CDX supply breaks down:
Liquid at TGE
- 28.26% to token migrators (pro rata)
- 4.3% to partner communities
- 1% to Ironclad stakers and liquidity partners
- 0.30% to Aurelius and Lore stakers
- 1.5% to TONY holders
- 0.90% to the Cookie3 community
- 0.50% to Sophon Node operators (to be distributed after the Sophon Spark campaign)
- 0.10% to points holders
- 2.26% to core contributors
- 10% for protocol owned liquidity
- 1.7% to external contributors (partially vested)
This puts our day-one float at 46.52% — a deliberate choice to foster genuine price discovery and market efficiency.
Vested
- 5% Conclave Strategic Reserve – Tranche 1 – 6 month cliff
- 10% Conclave Strategic Reserve – Tranche 2 – 12 month cliff
- 10% Conclave Strategic Reserve – Tranche 3 – 30 month cliff
- 10% Conclave Strategic Reserve – Tranche 4 – 48 month cliff
- 18.48% for Community Incentives (details to follow)
- Proof of Productivity
- Ecosystem Grants
Cod3x Labs (aka Conclave) is the research and development firm behind Cod3x AI, Cod3x USD, Cod3x Lend, and other Cod3x products.
To keep inflation to a bare minimum, community incentives will follow a Minimum Viable Issuance Policy. Look forward to our Proof of Productivity paper releasing later this month for more information.
Launch Details
Monday, February 17, is our DeFAI Summit. We are launching CDX on Monday. We won’t share any more details but, needless to say, we hope you can attend.
CDX debuts on multiple chains:
- Base:
- Full Range Uniswap V3 liquidity paired with TONY at a $5M FDV
- Single-sided limit order paired with cdxUSD at $10M FDV
- Solana (via Hyperlane)
- Full range liquidity on Raydium paired with TONY at 5m FDV
- Single sided limit order paired with SOL
- Sophon (via Hyperlane)
- Liquidity available on SyncSwap paired against cdxUSD
- Launching alongside our $1.5m Sophon Spark campaign
Eligible users will receive their tokens via direct airdrop — no claiming process needed. The token will initially be paused and un-tradeable until our official launch on Monday. We’ll share specific timing details in upcoming announcements.
At launch, users will be able to stake their CDX to earn yield. This initial staking period will last up to six (6) months, over the course of which we will implement our Proof of Productivity staking mechanism. All tokens committed to the staking pool will unlock on the same date.
A critical note on security: As we enter this next phase, scammers will inevitably attempt to exploit our community’s excitement. They may try to compromise our social media to announce fake airdrops or distribute fraudulent contracts. Stay vigilant.