Questions.

An exchange for LLM credits. You buy credit for a specific model, spend it through one OpenAI-compatible API, and trade it for another model’s credit in open pools when your work moves to a different model.

Not yet. Tokex runs on demo credit: every balance and price on this site is simulated, and nothing is charged. Card payments are built and running in test mode.

No. Tokex issues its own credit per model and is the customer of record with each provider. It never imports a balance you hold at a provider, and provider credit never changes hands. A ChatGPT or Claude subscription is not API credit either.

By the pools. Every pair is a constant-product pool, so the more of one credit you pay in, the less each unit buys. Pairs without a pool of their own route through gpt-5, the hub. Every quote states the price impact and the fees before you confirm.

Not at launch. Redemption is built and switched off, and it stays off until Tokex holds the registrations it needs. When it is on, it pays the lower of the market and list price, less a stated fee, only for purchases past a hold period, and never more in total than the account itself paid in.

A 5% load fee when you buy credit by card. A swap pays 0.30% to the pool and 0.05% to Tokex on each leg. Spending burns credit at the model’s listed rate. Each figure is in the quote before you confirm.

While it stays listed you can trade that credit for another model’s or redeem it. Tokex may also convert stranded credit at a stated rate.

Caps refuse the request that would cross them before any provider sees it, with 402 budget_exceeded. POST /v1/panic, or the panic action in the app, revokes every other key and freezes everything that moves money; reads stay open.

No. A receipt records the model, token counts, the credit charged and the key, never the prompt or the answer. The one exception is the response record: while it is on, an exact repeat is answered free from a copy kept for a few hours. You can switch it off per request.

None. No cookies, no analytics, no third-party scripts or fonts. This site keeps a few things in your own browser’s storage, never sent anywhere on their own: whether you picked Light or Dark, your chart layout on the Terminal, and, once you join the waitlist, your place in line so this browser can show it.