---
title: "Analysis of the Codex Token"
---
### `vac:tke::codex:cdx`
---

```mermaid
%%{ 
  init: { 
    'theme': 'base', 
    'themeVariables': { 
      'primaryColor': '#BB2528', 
      'primaryTextColor': '#fff', 
      'primaryBorderColor': '#7C0000', 
      'lineColor': '#F8B229', 
      'secondaryColor': '#006100', 
      'tertiaryColor': '#fff' 
    } 
  } 
}%%
gantt
	dateFormat YYYY-MM-DD
	section Codex
		CDX :, 2024-02-01, 2024-07-01
```

- status: 95%
- CC: Frederico

### Description
Codex token as utility token for all participants (collateral and payment), impact on system security.

### Justification
Development of Codex own utility token. As part of the Codex Technical Milestone #5 ("Tokenomics").

### Deliverables
- Specific parts of three chapters of the Codex Litepaper (Use Cases, Contract Lifecycle, and CDX Tokenomics) (the milestones [cdx-fees](cdx-fees.md), [cdx-insurance](cdx-insurance.md), and [cdx-lender](cdx-lender.md) cover the remaining parts of these chapters).
- One section of the Codex Whitepaper (CDX Tokenomics)

### Tracking Metrics
Completion of the respective sections in the Codex Litepaper and Whitepaper.

### Work breakdown
- Definition and analysis of Codex economy
- CDX as utility token for all participants (collateral and payment).

### Perceived Risks
Technical and legal constraints.