Tokex — inference exchange

Order book SUPPLY

CODING/USD · all instruments

Price · USDModelFixed $

Clearing (market)

—

· the whole perimeter's supply; the cheapest qualifying ask clears. Market price (our auction) vs each model's fixed list price (sandbox)

Clearing price

—

Market depth

supply (asks)

Intelligence Index

—

mkt price − prod cost · idx

Wallet

double-entry · sandbox

Time & sales

streaming

Time	Instrument	Price	Units	Venue	Value
no fills yet — send a request to clear the market

Proof-of-task

ed25519 ✓

no receipts yet

Markets

/api/models · qualified against the grade spec

Instrument	Base price	Market price	Spread	Qualified

Buy inference

OpenAI-compatible · you send a prompt, the market clears it

# drop-in: no model choice, you pay the market price
base_url = "…/v1"
model = "auto" # the market routes & clears

Grade (for the cost estimate)

Prompt

max_tokens

Est. cost

—

buyer:demo wallet —

Clearing pipeline

analyze → clear → fulfill → verify → receipt → settle

API access SECURED

self-serve a key · Bearer auth · scope + spend + rate limits

No account needed in the sandbox. The key is shown once and stored only as a SHA-256 hash.

Intelligence Index

the GDP of machine intelligence

—

aggregate spread · market price − production cost

Session high

—

Session low

—

Change

—

A widening spread = tight supply / surging demand for machine cognition.

Index constituents

per instrument

Instrument	Market	Cost	Spread	Cost ▸ spread

Production cost model

cost-to-serve

# $/1M tok
cost = (gpu_$/h) ÷ (tok/s × 3600) × 1e6

GPU (H100)$2.50 / h

Power$0.11 / kWh

Overheadamortized

Per-instrument cost · idx

Cost leg pinned to a fixed GPU config; market leg fed by live clearings.

Machine-native market

gateway buyers and agents (MCP) clear the same book

GATEWAY 0

MCP 0

Every fill below settles on the same order book — whether it came from a human via the gateway or an autonomous agent via MCP.

Connected agents

autonomous buyers

MCP tools exposed

agent-native order interface

list_modelsenumerate tradeable instruments + grades

get_orderbooklive supply book per instrument

buy_inferenceclear at market · spend-checked

check_walletbalance + ledger

verify_receiptcheck the ed25519 proof-of-task

MCP call log

derived from agent market activity · live

no agent calls yet

Wallet balance · buyer:demo (Maya)

$—

sandbox · double-entry ledger

This page is personal to your account — the gateway buyer Maya (buyer:demo). The Exchange, Index and Agents tabs are the shared market; here you see only the requests you cleared, your balance, what you spent, and what the market saved you versus a fixed-price router.

Requests sent

0

via gateway · buyer:demo

Spent on Tokex

$0.0000

0 units cleared

Saved vs fixed-price router

$0.0000

market price vs list price

Average saving

0.0%

weighted across requests

Savings over time

cumulative · vs the cheapest qualifying fixed price

Router vs Tokex

what you'd have paid

Fixed-price router$0.0000

Tokex (market)$0.0000

TOKEX

SAVED

$0.0000

kept in your wallet · 0.0% of router cost

Usage by model

the market routed you to these models

Model	Requests	Units	Avg clearing	Fixed (router)	Spent	Saved
no requests yet

Request history

every job you cleared · newest first

Time	Prompt	Model	Grade	Units	Clearing	Router	Saved	Quality	Proof
No requests yet — head to the Playground and submit a prompt.

Benchmark: a simple router bills the lowest fixed catalogue price among the models sufficient for each request. Tokex clears at the live market price. Saved = router price − clearing price, per request.