1. Buybacks
Market purchases acquire CXO to replenish token reserves used by the ecosystem. Our tracker follows the monitored buyback transactions, including acquired CXO and their value.
Understand the CargoX ecosystem
CXO token: the utility behind CargoX
CXO is the CargoX utility token. This guide explains its connection to blockchain document transfers, relayer rewards and token supply — with links to the data behind the numbers.
What is the CargoX token used for?
CargoX Holding launched CXO on Ethereum in 2018 as a non-mineable ERC-20 utility token. CargoX uses blockchain technology to record the creation and transfer of electronic trade documents, including bills of lading. CXO is the fungible ecosystem token; individual documents are represented separately.
Relayers submit signed operations to the blockchain and receive CXO rewards for successful work. This connects the token to document processing. Holding CXO alone does not perform that work: a running relayer and processed documents are needed to earn relayer rewards.
Sources: CargoX Holding, CargoX technology, official CXO Relay app.
CXO tokenomics: buybacks, rewards and burns
2. Relayer rewards
A successful relay can pay CXO to the configured reward address. The wallet balance and applicable reward rules affect the reward; activity and operating costs determine the result for an operator.
3. Token burns
Transfers to a burn address remove tokens from usable supply. A purchase and a burn are different events: bought-back tokens are not necessarily all burned.
Read buybacks, rewards and burns together. They need not occur at the same moment or in one transaction per document. Document growth does not by itself guarantee a higher CXO price.
Explore the underlying activity in our supply and burn tracker and relayer leaderboard. For the document journey, see How CargoX works.
See CXO rewards and burning in action
Follow the document journey and move the slider to explore how the relayer's CXO holdings change the illustrated reward and burn split. This is a simplified explanation; market purchases and on-chain distributions can happen at different times.
From the original vision to a broader document economy
CXO token history and the 2021 tokenomics change
The early whitepaper and the September 2021 update describe different stages of CXO. The milestones below explain what was proposed or announced at the time; historical prices, percentages and network plans are not current service terms.
Original whitepaper · Smart B/L
Whitepaper v1.0 proposed digitising bills of lading and using CXO for platform access, fees and incentives. It already envisaged token holders operating relayers, paying blockchain transaction costs and receiving a share of user fees.
The original business model proposed a USD 10 Smart B/L creation fee with a 20% discount for CXO payment. This was an early pricing proposal.
Source: CargoX Whitepaper v1.0, pp. 18 and 28.
January 2018 · CXO launch
CargoX Holding records the launch of its fixed-supply, non-mineable ERC-20 token on Ethereum and a USD 7 million token sale in January 2018. The whitepaper describes the sale design; the issuer's history records the launch.
Sources: CargoX Holding history; CargoX Whitepaper v1.0, pp. 30–31.
1 September 2021 · Broader buybacks
The update extended CXO market purchases beyond Smart B/L and Smart L/C to all 50+ document types then supported. Its calculation allocated 20% of a fixed USD 3 document price — USD 0.60 per blockchain document transfer.
Purchased tokens were to enter a cold-wallet investment reserve rather than be burned. Purchases could be ongoing or periodic, at least once per quarter, at CargoX's chosen timing.
Source: CXO Tokenomics 2021+, September 2021, pp. 2–5.
The 2021 document also explained the move from synchronous token processing to periodic events: document contracts had moved to Polygon while CXO remained on Ethereum at that time. It described this arrangement as temporary. That historical network position should not be confused with the Ethereum and Polygon token contracts used today.
Source: CXO Tokenomics 2021+, p. 6. Historical summaries are based on archived copies of the two documents.
Download the historical documents
Read the original documents behind this timeline. These archived publications describe earlier proposals and policies; they do not define current tokenomics or service terms.
For present-day activity, compare observed buybacks and burns with relayer rewards. The 2021 announcement alone does not establish today's purchase schedule, reward split or burn policy.
CXO supply and supported networks
The Ethereum token contract reports approximately 215.12 million CXO in total supply. This contract figure is not the same as circulating or available supply: tokens at burn addresses, treasury holdings and tokens held in bridge custody need separate treatment.
CXO also exists on Polygon, where our relayer service operates. Do not add the Ethereum and Polygon token totals together as if they were independent issuance. Use the tracker for the latest burn totals and the supply breakdown.
Contract links open the respective blockchain explorers. Match both the network and the full contract address when identifying CXO.
Using CXO with a relayer
Our managed service uses a CXO reward wallet on Polygon. The current service guide specifies at least 50,000 CXO, with 250,000 CXO for the full reward share. The reward wallet holds your CXO; the signing wallet submits transactions and pays Polygon gas in POL.
These are service and reward requirements, not a promised yield. Results depend on the documents processed, the applicable rewards, gas costs and service fees. Follow the managed relayer guide for setup and the plan comparison for costs.
CXO market profiles and official CargoX website
Explore CXO prices and markets on CoinMarketCap and CoinGecko, or visit CargoX for information about its document-transfer platform.
CXO token FAQ
Is CXO the same as a CargoX document?
No. CXO is a fungible utility token. A trade document has its own identity and ownership history in the CargoX system.
Where can I check the CXO price?
Open our CXO trades page for market activity on the tracked decentralized exchanges. Prices and liquidity change, and a quoted market price may differ from the execution price of a particular trade.
What changed in CargoX tokenomics in 2021?
The September 2021 announcement expanded market purchases to all supported blockchain document types and described keeping acquired CXO in a long-term reserve instead of burning it. Its USD 0.60 calculation and purchase schedule are historical terms. See the CXO tokenomics history for the source context.
Does a buyback automatically burn CXO?
No. A buyback acquires tokens; a burn removes tokens from usable supply. Check both metrics separately on the tracker.
Do I earn rewards just by holding CXO?
Holding alone does not earn relayer rewards. A relayer must process documents successfully, with rewards sent to its configured address under the applicable rules.
Where is the CargoX Telegram community?
Join CargoX.io - Chat Group (@cargoxchannel) for CXO and ecosystem discussion. It is a community group, not an official CargoX support channel.
Follow the token through real activity
Compare document activity, CXO trades and token burns, then discuss your observations with the CargoX community.
Community explainer by CargoX Relayer. Sources checked on 12 October 2026. Current network statistics are available on the linked tracker pages.